It's been a long time in the wildnerness for her; Goldman even attempted to gag her by yanking her from her old position.
This is the greatest contrary indicator ever born! Enjoy the guaranteed free money fading her.
http://www.bloomberg.com/apps/news?pid=20601087&sid=apM3BsXA.GII&refer=home
Abby Joseph Cohen Says S&P 500 May Surge to 1,050 in Next Year
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By Rita Nazareth and Thomas R. Keene
May 1 (Bloomberg) -- The Standard & Poorâs 500 Index may jump 20 percent to 1,050 over the next six to 12 months as investors buy stocks trading at low valuations, said Abby Joseph Cohen, Goldman Sachs Group Inc.âs senior investment strategist.
âYou could see the market sustain at these levels,â Cohen, 57, said in a Bloomberg Radio interview. âWeâre going to set a new trading range much higher than the trading range in February and March.â
The S&P 500 has rallied 29 percent since March 9 as companies from American Express Co. to Ford Motor Co. posted better-than-estimated earnings and investors speculated U.S. Treasury Secretary Timothy Geithnerâs plan to finance the purchase of as much as $1 trillion in illiquid assets from banks will help to pull the global economy out of a recession.
To contact the reporters on this story: Rita Nazareth in New York at rnazareth@bloomberg.net; Thomas R. Keene in New York tkeene@bloomberg.net.
Last Updated: May 1, 2009 08:33 EDT
This is the greatest contrary indicator ever born! Enjoy the guaranteed free money fading her.
http://www.bloomberg.com/apps/news?pid=20601087&sid=apM3BsXA.GII&refer=home
Abby Joseph Cohen Says S&P 500 May Surge to 1,050 in Next Year
Share | Email | Print | A A A
By Rita Nazareth and Thomas R. Keene
May 1 (Bloomberg) -- The Standard & Poorâs 500 Index may jump 20 percent to 1,050 over the next six to 12 months as investors buy stocks trading at low valuations, said Abby Joseph Cohen, Goldman Sachs Group Inc.âs senior investment strategist.
âYou could see the market sustain at these levels,â Cohen, 57, said in a Bloomberg Radio interview. âWeâre going to set a new trading range much higher than the trading range in February and March.â
The S&P 500 has rallied 29 percent since March 9 as companies from American Express Co. to Ford Motor Co. posted better-than-estimated earnings and investors speculated U.S. Treasury Secretary Timothy Geithnerâs plan to finance the purchase of as much as $1 trillion in illiquid assets from banks will help to pull the global economy out of a recession.
To contact the reporters on this story: Rita Nazareth in New York at rnazareth@bloomberg.net; Thomas R. Keene in New York tkeene@bloomberg.net.
Last Updated: May 1, 2009 08:33 EDT
