Much of this is a correlation/causation thing (and it doesn’t take into account the makeup of the Congress). But so is almost all markets reporting of the kind we saw on Wednesday.

If you must do the kind of daily market-reports stories that the business press thinks it has to (and read Felix Salmon on why it shouldn’t), then at least give us some context beyond what you think happened in six and a half hours of trading.


Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at