Hello Ted DAvid,
I completely agree with this poster here:
Message 16226443
he states: "she got profiled as "telling investors to lighten up at the top in March 2000" (a very positive reference)...."
yet CNBC failed to tell the whole story (her track record), and as reporters, don't you think it is only fair to inform your viewers of the whole truth. I thought it was disgusting the way cnbc "painted" the picture and made Abby Cohen look so good when her calls have so bad.
Here are some of Abby's past calls which is only part of the story to help you out when CNBC interviews her next time, perhaps CNBC will inform viewersthese calls:
"Abby Joseph Cohen still bullish - Nov. 4, 1999- CNN
>
>Cohen predicts Dow 12,300 - Dec. 16, 1999
>One of Wall Street's top stock strategists, Abby Joseph Cohen of Goldman
>Sachs & Co., forecast Thursday that the S&P 500 index will hit 1,525 by the
>end of 2000, a nearly 8 percent gain. - CNN
>
>Cohen maintains 2000 market growth targets - Dec. 30, 1999
>After Wall Street's strong run in 1999, one of the nation's top stock
>strategists said Wall Street could see double-digit growth again next year
>- CNN
>
>- Then the year 2000 downturn hit fullswing....
>
>Cohen raises S&P target
>Goldman's influential strategist looks for 7 percent gain in index
>March 21, 2000:
>NEW YORK (CNNfn) - Abby Joseph Cohen, co-chair of Goldman Sachs' investment
>policy committee and one of Wall Street's most influential market
>strategists, said Monday that she has become more bullish on the U.S. stock
>market.
>
>-HERE SHE DOES A 180 just seven days later.....
>
>Wall St. hit by Cohen - Mar. 28, 2000
>Investors heeded one of Wall Street's best-known market strategists
>Tuesday, reducing stock positions after Abby Joseph Cohen advised such a
>move.
>
>Then, less that 30 days later, she switches gears again:
>
>Cohen still bullish - Apr. 17, 2000
>Abby Joseph Cohen, one of Wall Street's most influential strategists,
>reassured investors Monday that they should not be put off by recent market
>volatility -- and should hold on to stocks ...CNN
>
>A weakening....
>
>Cohen: Bull market tiring - May 16, 2000
>Abby Joseph Cohen, one of Wall Street's most influential strategists, is
>still bullish on the stock market but warned investors not to expect the
>double-digit gains of the past.
>
>Bandwagon Abby after the summer run-up....
>
>Cohen remains bullish - Jul. 27, 2000
>Goldman Sachs' Abby Joseph Cohen, one of Wall Street's most influential
>strategists, expects the stock market to continue rising into next year as
>the U.S. economic expansion chugs on. - CNN
>
>-Then, she gets the wind taken out of her sails....
>
>Cohen: Stock woes short-lived - Sep. 21, 2000
>Goldman Sachs strategist Abby Joseph Cohen said Thursday that concerns
>about the weakening euro and soaring energy prices -- which sent U.S.
>stocks tumbling this month -- are "overdone."
>
>Cohen: More comfortable with tech stock levels - Oct. 3, 2000
>Goldman Sachs' Abby Joseph Cohen, one of Wall Street's most influential
>strategists, said Tuesday that she is much more comfortable with technology
>stocks at their current valuations.
>
>-Interesting....after she said that, the Nasdaq lost another 12% in the
>coming weeks. Then, she got her clocked cleaned again....
>
>Cohen: Value in volatility
>Goldman analyst says stocks reaching good valuation, oil prices will fall
>By Staff Writer Catherine Tymkiw
>October 13, 2000: 9:55 a.m. ET
>
>NEW YORK (CNNfn) - Just one day after the Dow Jones industrial posted its
>fifth-largest point loss ever, influential Goldman Sachs market strategist
>Abby Joseph Cohen said the escalating market volatility has not changed the
>underlying fundamentals.
>
>Oil prices will drop? Good valuations and underlying
>fundamentals?....PLEASE.
>
>Now today...
>
>Nasdaq, Dow rebound
>Oversold conditions, positive Cohen comments spark rally; techs sparkle
>November 14, 2000: 1:33 p.m. ET
>
>
>NEW YORK (CNNfn) - The Nasdaq composite index soared Tuesday afternoon as
>investors snapped up beaten down technology stocks and sent the index
>easily above 3,000, just one day after it fell below the milestone for the
>first time in more than a year.
>
>Investors seeking any catalyst to start buying were rewarded by positive
>comments from Goldman Sachs strategist Abby Joseph Cohen. In a note to
>clients, Cohen wrote that equity valuations were at attractive levels, with
>economic and profit growth slowing to more sustainable rates."
>
Thank You Ted DAvid, |
