Abby Cohen has mud in the eye on ENRON. I think I'd be selling my AOL QUICKLY!
2001 Ultimate Investment Club
LOOKING FOR CLUES TO WHAT'S NEXT IN THE MARKETS? LOOK NO FURTHER. ON THE FOLLOWING 16 PAGES, SOME OF THE BEST MINDS IN THE BUSINESS SHARE THEIR VIEWS OF THE ECONOMY, STOCKS AND BONDS--AND THE SECRETS TO BEING A GREAT INVESTOR.
By Suzanne Woolley, Laura Lallos, Jon Kurson, October 2001 Issue
The Guru ABBY JOSEPH COHEN Chief U.S. portfolio strategist, Goldman Sachs
As the stock market soared, Abby Joseph Cohen of Goldman Sachs was Wall Street's reigning bull, a prime mover of markets. Now that the bull has collapsed from exhaustion, Cohen is less of a celebrity--but that hasn't eroded her influence. "When times are confusing, it really is a bull market for strategists," says Cohen. "It's when we're most useful."
So what stocks should you buy? In tech, says Cohen, Goldman's analysts particularly like Dell and Sun Microsystems: "There are issues about global demand, but we think the worst is over." In energy, Cohen favors industry leader Enron. The stock has stumbled lately, and she now sees it as a "good value." She also singles out AOL Time Warner (MONEY's parent) as a "content-rich global leader" in the media business.
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