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Technology Stocks : Apple Inc.

AAPL 273.40

-0.1%

Dec 26 9:30 AM EST

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To: Sr K who wrote (92851)	2/27/2010 11:39:07 PM
From: stock bull	of 213177

Here's the source of the GDP info. The headline GDP number was revised up to 5.9% annualized growth in Q4 (from 5.7%), however most of the improvement in the revision came from changes in private inventories. Excluding inventory changes, GDP would have been revised down to around 1.9% from 2.2%. This table shows the changes from the "advance estimate" to the "second estimate" for several key categories: Advance Second Estimate GDP 5.7% 5.9% PCE 2.0% 1.7% Residential Investment 5.7% 5.0% Structures -15.4% -13.9% Equipment & Software 13.3% 18.2% Note that PCE and Residential Investment (RI) - the two leading categories - were both revised down in Q4. Changes in private inventories are transitory (only lasts a few quarters at the start of a recovery), and although the headline number was revised up, final demand was weaker than in the advance estimate. The link: calculatedriskblog.com I misspoke when I said orders...should have been inventories.

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