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I like to read Bloomberg.com. Their articles are more analytical than you will ever find at CNBC. However, while perusing an article on durable goods numbers, the typical doom and gloom from economists bemoaned the 1.1 percent September drop in orders. Of course, in August, the drop in orders was 4.1 percent.
Why the long face? Even with my University of Georgia Political Science degree, this tells me that the drops in orders is in a declining curve. I might be that eternal optimist looking for that pony – I know it’s there somewhere, but looking at the different dots, I see a better future.
One other thing that really confuses me too about media reports – these numbers are snapshots that have absolutely no relevance whatsoever without context. Yup, there is no question that the real estate market is down this year. However, that is this year. It won’t be down forever, and rather than biting my nails and looking for more bad news, I tend to look at the tea leaves to determine when we might see another upturn.
It makes more sense to be ready for the opportunities when they come than to be so busy crying in my soup that I miss the next wave. It is a lot more fun to be sitting on the surf board looking for the next wave – just be careful of sharks!
Be vigilent – that wave is coming – look at the curve for declining home sales over the last several months. pretty soon that curve will look just like a smile!
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