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Tuesday, August 09, 2005

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Quick Pick

In some of our recent posts we had mentioned that the weaker than expected Inventory component of Q2 GDP would soon be corrected. We had explained that CEO's would be forced to ramp up inventories in subsequent quarters. This would lead to upside pressure to corporate earnings.

Wholesale inventories were just released better than expected at +.7% versus +.2% forecasts. The trend to further corporate upside surprises may be underway...Voila!!

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posted by Kleiner Capital Management, LLC. | 10:05 AM



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