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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: Steve Lee who wrote (17102)5/7/2003 3:11:15 PM
From: Alex MG  Read Replies (1) of 19219
 
why is this same situation now bullish?

maybe because Barron's says so, front page they just declared "the Bull is Back"

and just today-- Goldman's Cohen Sees S&P 500 Up 25% Over The Next Year

By Karen Talley Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--It's time to put more faith in riskier areas of the stock market, says Goldman Sachs chief investment strategist Abby Joseph Cohen, who sees the Standard & Poor's 500 Index rising roughly 25% to 1150 over the next 12 months.

"We expect stock returns to exceed those from bonds over the next 12 months," reversing a three-year pattern, Cohen said in a note to clients, adding that her model portfolio emphasizes stocks with economic sensitivity and "high beta," or a propensity to be volatile.
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