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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Wally Mastroly who wrote (4071)3/24/1999 10:22:00 AM
From: Wally Mastroly  Read Replies (1) of 15132
 
*Abby Watch* - followup article:

Wednesday March 24, 9:13 am Eastern Time

Goldman's Cohen lifts 1999 S&P 500 target to 1325

NEW YORK, March 24 (Reuters) - Abby Joseph Cohen, Goldman Sach's chief market strategist and one of Wall Street's most widely respected stock analysts, raised her 1999 target for the Standard & Poor's 500 index to 1325 based on an improved outlook for corporate profits, the firm said on Wednesday.

Cohen, who previously expected the benchmark stock index to hit a range of 1275-1300 by the end of this year, expects 1999 and 2000 to be years of ongoing profit expansion with better aggregate gains than in 1998, which was a disappointing year, a spokesman for the firm said. Cohen was not available *

* ? (i.e., for further comment - I guess)/ Wally

And some more - but is the 'Abby-lift" temporary ?

biz.yahoo.com

And from CNNfn.com:

"Cohen also boosted her forecast for the Dow industrials to 10,300 from 9,850 over the next 12 months."
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