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.
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