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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: dclapp who wrote (77666)	12/2/1999 11:15:00 AM
From: MythMan	Read Replies (1) \| Respond to of 86076

A must read >>LONDON (CBS.MW) -- Goldman Sachs' analyst Abby Joseph Cohen on Thursday said U.S. stock prices will rises in 2000, but that these gains will "return to normal levels." Cohen spoke at a Goldman Sachs Group Inc. (GS: news, msgs) conference here on the bank's economic outlook for 2000. Cohen predicts S&P 500 corporate profits will grow "at least" 8 percent next year. Combined with a benign inflation and interest rate environment, the result should be better stock prices, she said. Still, Cohen said 2000 will be a "much more normal year, with stock rises roughly in line with improvements in earnings and cashflow." She believes U.S. investors are "already in the process of adjusting to lower rate returns" than they've enjoyed in the last couple of years, somewhere around 10 to 13 percent returns per year, which is "not unreasonable." American investors are also starting to take their money out of index funds and look around for individual stocks and sectors to buy, she said. They're starting to look in particular at small and mid-cap stocks which "now offer better value," she said. Also, U.S. investors are starting to look outside the U.S. more than they have recently, most specifically in Japan, Goldman Sachs' Cohen said. << Somebody punish me for posting this crap -g-