COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00130

-67.5%

Nov 7 11:47 AM EST

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To: Jeffery E. Forrest who wrote (7497)	10/24/1997 1:11:00 PM
From: Dwight E. Karlsen	of 22053

OT U.S. stocks to grow in 1998 despite Asia - Cohen biz.yahoo.com NEW YORK, Oct 24 (Reuters) - The U.S. economic and profit outlook remains solid and the consequences of slower Asian growth will likely have only a mild impact long term in the United States, said Abby Joseph Cohen, co-chair of investment policy committee at Goldman Sachs & Co. The well-respected Wall Street guru made her comments today, following yesterday's turmoil in global stock markets, triggered by a 10 percent plunge in Hong Kong shares. ''We continue to expect the U.S. equity market to rise in price and have made no change to our 12-month target of 1050 (for S&P500 index),'' Cohen said in a report. At midday Friday, the S&P index was off 9.16 points, or 0.96 persent, at 941.53 points. ''Preliminary results for the third quarter suggest that our $47.00 estimate for S&P 500 operating earnings this year is on track,'' Cohen said. ''We project $51.00 in 1998,'' she added.

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