Comments on: SOME THOUGHTS ON TUESDAY’S DATA http://pragcap.com/some-thoughts-on-tuesdays-data-2 Sat, 26 May 2012 02:09:32 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: prescient11 http://pragcap.com/some-thoughts-on-tuesdays-data-2/comment-page-1#comment-2344 prescient11 Wed, 24 Jun 2009 03:35:10 +0000 http://pragcap.com/some-thoughts-on-tuesdays-data-2#comment-2344 Well, I'm still holding my srs, we'll see how it goes. Dropping that inventory is THE ONLY SOLUTION to fixing this housing mess. I would like to see that near 6 months of inventory, which would likely take us through 2010 due to suppressed construction and further price drops. Let's rip this frigging bandaid off and get it over with already. Well, I’m still holding my srs, we’ll see how it goes.

Dropping that inventory is THE ONLY SOLUTION to fixing this housing mess. I would like to see that near 6 months of inventory, which would likely take us through 2010 due to suppressed construction and further price drops.

Let’s rip this frigging bandaid off and get it over with already.

]]> By: Kyle http://pragcap.com/some-thoughts-on-tuesdays-data-2/comment-page-1#comment-2329 Kyle Tue, 23 Jun 2009 19:32:24 +0000 http://pragcap.com/some-thoughts-on-tuesdays-data-2#comment-2329 Oops. Thanks for pointing that out and keeping us up to date with these recent numbers. Oops. Thanks for pointing that out and keeping us up to date with these recent numbers.

]]> By: TPC http://pragcap.com/some-thoughts-on-tuesdays-data-2/comment-page-1#comment-2327 TPC Tue, 23 Jun 2009 19:24:20 +0000 http://pragcap.com/some-thoughts-on-tuesdays-data-2#comment-2327 I confirmed the data with the company PR people. The personal spending data this week is for May. The retail sales data from ICSC and Redbook are for June. May retail sales came in at 0.5% so it won't be surprising to see May spending also up. Ignore it though. It's rear view mirror data at this point. I confirmed the data with the company PR people. The personal spending data this week is for May. The retail sales data from ICSC and Redbook are for June. May retail sales came in at 0.5% so it won’t be surprising to see May spending also up. Ignore it though. It’s rear view mirror data at this point.

]]> By: Kyle http://pragcap.com/some-thoughts-on-tuesdays-data-2/comment-page-1#comment-2326 Kyle Tue, 23 Jun 2009 19:00:12 +0000 http://pragcap.com/some-thoughts-on-tuesdays-data-2#comment-2326 Are you basing that off of the "Redbook makes up 80% of official data" or is there another way to go about extrapolating that? That projects a pretty huge miss, I would expect that to have a pretty negative impact on the market in general, would you agree? Are you basing that off of the “Redbook makes up 80% of official data” or is there another way to go about extrapolating that? That projects a pretty huge miss, I would expect that to have a pretty negative impact on the market in general, would you agree?

]]> By: TPC http://pragcap.com/some-thoughts-on-tuesdays-data-2/comment-page-1#comment-2325 TPC Tue, 23 Jun 2009 18:31:07 +0000 http://pragcap.com/some-thoughts-on-tuesdays-data-2#comment-2325 The apples to apples comps would put the Redbook figures at about a -1.5% for the most recent data. WalMart is skewing the data by about 2.75% according to Redbook. Still very weak retail sales figures. June should come in very weak. The apples to apples comps would put the Redbook figures at about a -1.5% for the most recent data. WalMart is skewing the data by about 2.75% according to Redbook. Still very weak retail sales figures. June should come in very weak.

]]> By: Kyle http://pragcap.com/some-thoughts-on-tuesdays-data-2/comment-page-1#comment-2324 Kyle Tue, 23 Jun 2009 18:20:29 +0000 http://pragcap.com/some-thoughts-on-tuesdays-data-2#comment-2324 I've been curious about this too (the Wal Mart effect and the lack of attention of the weekly numbers). Yahoo has Personal Spending pegged at a 0.4% uptick, which obviously does not jive with the weekly data. It will be interesting to see how these two data sets mesh come Friday. If they track closer to the weekly numbers, that could make for a huge downside surprise (on what is to me, probably one of the most important numbers, if not the most important). OTOH, if the official monthly report comes out around where the market is anticipating, it might mean that the ICSC/Redbook numbers are much less useful, conspiracy theorizing aside of course. I’ve been curious about this too (the Wal Mart effect and the lack of attention of the weekly numbers). Yahoo has Personal Spending pegged at a 0.4% uptick, which obviously does not jive with the weekly data. It will be interesting to see how these two data sets mesh come Friday. If they track closer to the weekly numbers, that could make for a huge downside surprise (on what is to me, probably one of the most important numbers, if not the most important). OTOH, if the official monthly report comes out around where the market is anticipating, it might mean that the ICSC/Redbook numbers are much less useful, conspiracy theorizing aside of course.

]]> By: CreditTrader http://pragcap.com/some-thoughts-on-tuesdays-data-2/comment-page-1#comment-2323 CreditTrader Tue, 23 Jun 2009 17:44:00 +0000 http://pragcap.com/some-thoughts-on-tuesdays-data-2#comment-2323 Hey Prag - love yr stuff - any thoughts on the Redbook data now that WalMart no longer supplies data - is that whatthe big drop is? or did they back fill and change the index? Hey Prag – love yr stuff – any thoughts on the Redbook data now that WalMart no longer supplies data – is that whatthe big drop is? or did they back fill and change the index?

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