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Author Topic: The Willy report-a questionable cause logical fallacy  (Read 533 times)
Biodom (OP)
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May 26, 2014, 08:04:50 PM
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There is no cause-effect relationship here. Correlation does not imply causation. You can find a week where NY stock exchange opens at the sunrise, but these two events are not related to each other.
Was there a Willy program? Probably, yes, as there are a multitude of other programs in the market. Large companies cannot buy or sell stock en masse without some programming. If they hit the bid for 1 mil shares all at once, it would be idiotic, so they sell some, buy a little less, sell again, etc.

This fallacy is known as cum hoc ergo propter hoc (with this, therefore because of this)
Proof: market is discounting this
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