Abby Cohen: Recession is ending now

[turkeyneck]

You should buy stock "right now". Sky is the limit.



Aug. 17 (Bloomberg) -- The U.S. recession is ending “right now,” said Abby Joseph Cohen, a senior investment strategist at Goldman Sachs Group Inc.

The economy may grow by 3 percent in the next couple of quarters and expand by 1.5 percent to 2 percent next year, Cohen said. While consumer spending is likely to rise, it probably won’t increase as fast as at the end of prior periods when the U.S. was emerging from a recession, she said.

“Clearly the economy is on the mend,” Cohen said in an interview with Bloomberg Radio. “We do think that profit growth will be more substantial going forward.”

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a0sLU2hOmYZ0

 

[Kassz007]

Quote from turkeyneck:

You should buy stock "right now". Sky is the limit.



Aug. 17 (Bloomberg) -- The U.S. recession is ending “right now,” said Abby Joseph Cohen, a senior investment strategist at Goldman Sachs Group Inc.

The economy may grow by 3 percent in the next couple of quarters and expand by 1.5 percent to 2 percent next year, Cohen said. While consumer spending is likely to rise, it probably won’t increase as fast as at the end of prior periods when the U.S. was emerging from a recession, she said.

“Clearly the economy is on the mend,” Cohen said in an interview with Bloomberg Radio. “We do think that profit growth will be more substantial going forward.”

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a0sLU2hOmYZ0

Recession might be ending right now (or maybe not), but that does not mean you should buy stock right now. Markets already discounted the end of the recession IMO.

 

[Arnie]

Wouldn't be a bit surprised to see 3%+ GDP in 3rd qtr. Also wouldn't be surprised to see negative GDP after that. Co's have cut so sharply, a positive snap-back in GDP is a given.

 

[lrm21]

 

[bgp]

when was the last time she was correct.

 

[hoodooman]

True story: I remember way back when she made a good call, got promoted and didn't have to ride the bus to work anymore.

 

[flytiger]

Quote from bgp:

when was the last time she was correct.

f

With all the money she has (stolen), why can't she just go away and leave everyone alone? If she said gold was yellow, I'd double check.

 

[AK100]

Sales talk, nothing more.