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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: NickSE who wrote (12166)	4/28/1999 7:08:00 PM
From: NickSE	Read Replies (5) of 99985

GOLDMAN SACHS' COHEN: US EQUITY MARKET REMAINS AT FAIR VALUE economeister.com WASHINGTON (MktNews) - The U.S. equities market remains at "fair value" even while continuing to surge to record levels, said Abby Joseph Cohen, a partner at Goldman Sachs. "The market is not overvalued and I'm basing my estimates on a conservative outlook for inflation and earnings growth" said Cohen, who is known for her bullish stance on the market, adding that those who feel the market is overvaled are using outdated models or poor forecasting.

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