iTulip Award Abby Joseph Cohen Is Back & Bullish! She's Back & Bullish!!!

Discussion in 'Wall St. News' started by ByLoSellHi, May 1, 2009.

  1. 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.

    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 & Poor’s 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.’s senior investment strategist.

    “You could see the market sustain at these levels,” Cohen, 57, said in a Bloomberg Radio interview. “We’re going to set a new trading range much higher than the trading range in February and March.”

    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 Geithner’s 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; Thomas R. Keene in New York
    Last Updated: May 1, 2009 08:33 EDT
  2. Jo


    Jo Jo the Clown

    Jo Jo's a clown and knows it. He doesn't try to give investment advice. He dresses up as a clown and amuses the kids at birthday parties. In this way, he conscientiously avoids causing irreparable harm to anyone's stock portfolio.
  3. bidask


    just toeing the line at gs
  4. Daal


    What kind of valuation she is referring to
  5. The same kind she was when she made that quote on November 30, 2000, on the chart I posted above.
  6. When Ralph "Dow 25 gazillion" Acampora
    chimes in, we'll know the rally is done.