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Abbey speaks..."This is the time of year that she and her associates methodically go through the
entire S&P 500, company by company, to refine their earnings estimates for the
index for the current year and develop preliminary earnings forecasts for next year.
The effort hasn't been completed, but Cohen asserted that S&P operating profits will
be higher in both 1999 and 2000 and the economy is doing just fine, thank you,
creating new, decent-paying jobs, bolstering consumer confidence and continuing
to dissipate all the despair and anxiety that spurred last year's market correction.
"The economy is in absolutely terrific condition, and nothwithstanding the huge rise
in stock prices since last September, stock prices should continue to rise in the
months ahead," she asserted." (Barron's 3/15)
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I recall that one of her picks for 1999 is EMC. So far, so
good, Abbey.
--Bill |
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