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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (87875)	6/10/2009 9:50:04 PM
From: puborectalis	Read Replies (1) of 94695

June 10 (Bloomberg) -- U.S. financial markets have been moving “back towards normal” since March, said Abby Joseph Cohen, Goldman Sachs Group Inc.’s senior investment strategist, in an interview. “Much of what we can recognize as happening now is really a restoration of where we should be,” Cohen said in an interview with WBBR’s Bloomberg on the Economy, to be broadcast tonight. “This situation is much closer to normal than any place we have been over the last 18 months.” Still, the situation is “not at normal yet,” Cohen said. Investors are more “risk averse” than usual, she said. Cohen is known for her optimistic forecasts for stocks during the 1990s stock-market rally. Goldman Sachs replaced her in March 2008 as the bank’s chief forecaster for the U.S. stock market. She predicted in an interview broadcast May 1 that the Standard & Poor’s 500 Index may jump to 1,050 over the following six to 12 months. The S&P closed at 942.43 yesterday, compared with 872.81 on April 30.

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