Stronger economic growth in Q3 – contrary to sentiment . . .

Here is a table of Q3 GDP statistics and a chart on growth in equipment and software investment provided by Brian Wesbury at First Trust.  There are several observations – 1) Q3 saw an acceleration in real and nominal growth  2) Business investment had the best quarter in over a year 3) Equipment and software investment had the third best growth since 2005.  These data points are dramatically better than would be expected given the dismal sentiment indicators.  They may suggest that expectations for earnings in Q4 and 2012 are too restrained.  Needless to say – strong growth in equipment and software is good for our technology companies.  Jeb Terry, Sr. Oct. 29, 2011

Aberdeen Investment Management – a guide service for micro-cap technology investment

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