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Strategies & Market Trends : Asia Forum
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To: Bosco who wrote (4588)6/16/1998 4:48:00 PM
From: MikeM54321  Read Replies (1) of 9980
 
Re: Goldmans Sachs Outlook

My initial impression after reading both the articles, is Goldman has got it covered both ways. On the one hand if the markets do well, they can march Abby Cohen out. If they tank, they can march Gavyn Davies out. Kind of oddball outlooks back to back.

I would definitely say Abby Cohen is pretty much mitigating any effects of Asia on US companies earnings. I don't get it? Didn't the S&P 500 only grow at 1.5% year over year in Q1? Doesn't Q2 look worse?

So I wonder why she thinks domestic spending will increase in the 2nd half of this year to make up for both Q1 and Q2 relatively poor performance. She believes we are still heading for profit growth of plus 5 or 6 percent! I'm must not be reading the corporate profit picture right. Notice she even goes further and says "even if Asia stays extremely weak."

I like Zeev's (and many other's) argument about liquidity holding up our markets better. But she didn't even mention this.

Just my $.02 worth on some interesting links. Thanks Bosco.
MikeM(From Florida)
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