{"id":5418,"date":"2009-11-02T14:50:58","date_gmt":"2009-11-02T18:50:58","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=5418"},"modified":"2016-09-20T20:35:26","modified_gmt":"2016-09-21T00:35:26","slug":"are-you-a-good-number-or-a-bad-number","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2009\/11\/02\/are-you-a-good-number-or-a-bad-number\/","title":{"rendered":"Are You a Good Number; Or a Bad Number?"},"content":{"rendered":"

\"witch\"<\/a>We saw “good” numbers this morning on a few key economic reports. Markets rallied into the news, then backed off hard. Seems to be a trend these days.<\/p>\n

Why do I have \u00a0 “good<\/strong>” in quotes?<\/p>\n

Well, once again we are seeing revisions become more \u00a0 of the norm. The uptick in revisions helps to make the most recent numbers look better than they would.<\/p>\n

As an example; September construction spending M\/M +0.8% vs -0.2% consensus; Prior revised to -0.1% from +0.8%. What that means is that the prior number is being adjusted downward and that makes the current number appear better. (simple math)<\/p>\n

If you think about it for a moment, if the revision were not done, this month would have shown a negative number.<\/p>\n

\"Construction<\/a>A rush to get the last of the special housing credit was key in lifting these numbers. BUT, pending home sales are really nothing more than a possibility. We need to work off of the actual sales, not pending.<\/p>\n

\n

\"Pending<\/a>This is a REAL “good” number.<\/p>\n

\"ISM<\/a><\/p>\n

\n

Disclosure: Horowitz & Company<\/a> clients may hold positions of securities mentioned as of the date published.<\/p>\n","protected":false},"excerpt":{"rendered":"

We saw “good” numbers this morning on a few key economic reports. Markets rallied into the news, then backed off hard. Seems to be a trend these days. Why do I have \u00a0 “good” in quotes? Well, once again we are seeing revisions become more \u00a0 of the norm. The uptick in revisions helps to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5],"tags":[481],"class_list":["post-5418","post","type-post","status-publish","format-standard","hentry","category-economy","tag-economy","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/5418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=5418"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/5418\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=5418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=5418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=5418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}