U.S. economy to grow 3% in second half: Goldman

Quote from Landis82:

Yeah, that worked really well about 100 S&P points ago when Goldman put out their 1060 call on the S&P.

Meanwhile, several other firms like Barclays and UBS were bullish way before Goldman made that call.
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Goldman has to gag Abby Joseph Cohen and stick her in the broom closet every so often and make an accurate call, lest they never be taken seriously again.

It's like conditioning a rat. They can press on a lever 100 times with no reward, but if they get a treat the 101th time, they'll continue feverishly.
 
Quote from ByLoSellHi:

Goldman has to gag Abby Joseph Cohen and stick her in the broom closet every so often and make an accurate call, lest they never be taken seriously again.
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You have no idea what you are talking about. Abbey Joseph Cohen hasn't been the chief U.S. equity strategist at Goldman for quite some time. It's David Kostin.
 
Goldman's Kostin raised estimates for S&P earnings to $52 and $75 per share for 2009 and 2010.

These estimates are 30 and 19% higher than previous estimates.

7/21/09
 
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