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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Steve Lee who started this subject1/4/2002 4:29:08 PM
From: Softechie  Read Replies (2) of 99280
 
This should do it for da bulls...Abby has spoken...

Goldman's Cohen sees January rally
By Julie Rannazzisi
01/04/2002 15:44

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Goldman Sachs' chief investment strategist Abby Joseph Cohen said in a note to clients Friday that conditions are ripe for a "notable January rally." She believes three categories in particular will benefit from this occurrence: small- and mid-cap stocks; last year's underperforming securities; and economy-sensitive companies. Cohen projects 2002 operating earnings to grow by 10 to 12 percent, mostly concentrated in the second half of the year. "We believe the fundamental backdrop will improve during the course of 2002. Hence, we like economic sensitivity and under-researched areas such as small- and mid-cap stocks and corporate bonds," Cohen wrote in a research note. She recommends that investors hold an overweight position in energy, financial services, industrials and information technology. She feels investors should be underweight consumer staples, healthcare, telecom services and utilities. The Goldman strategist's main concerns for 2002 include a sluggish global economy, wavering CEO confidence that's not yet on the same recovery path as consumer confidence and the possibility of additional terrorists attacks --which would, among other things, put upward pressure on energy prices.
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