Key U.S. Durable Goods Stat Suggests Better Days Ahead for Expansion, Earnings

Filed under: Forecasts, Good news, Economic Data

Institutional investors are sometimes chastised for placing too much emphasis on a given economic statistic.



And with good reason: one positive or negative data point doesn't make a trend, and equally significant -- the very data point investors claim 'signals' the start of new bullish (or bearish) trend, frequently is revised, sometimes substantially -- making the previous bullish or bearish conclusion look premature, if not irrational.



That said, there are those 'telling stats' that offer a binocular view -- what may be ahead for the U.S. economy down the road. And one is: durable goods orders excluding transportation goods [PDF download].

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Key U.S. Durable Goods Stat Suggests Better Days Ahead for Expansion, Earnings originally appeared on BloggingStocks on Thu, 07 Oct 2010 17:30:00 EST. Please see our terms for use of feeds.

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