Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (964)	4/4/2001 1:01:43 PM
From: Wally Mastroly	Read Replies (2) \| Respond to of 10065

Abby-baby bullish....but.......... Wednesday April 4, 12:41 pm Eastern Time Goldman's Cohen Remains Bullish on S&P500 WASHINGTON (Reuters) - Goldman Sachs stock market guru Abby Joseph Cohen said on Wednesday she continued to believe stocks are undervalued as measured by the Standard & Poor's 500 (.SPX) basket of stocks. ``We believe the decline in share prices ... has gone well beyond what the fundamentals suggest,'' Cohen told the World Economic Forum's U.S. meeting being held in Washington. Cohen is on record as predicting the S&P index, which was at around 1,114 at midday Wednesday, will hit 1,650 by the end of the year. Participating in a panel discussion on the outlook for the U.S. economy, she said the stock market was currently overshadowed by ``risk aversion.'' Investors were basing investment decisions on worst-case scenarios and ``that's when opportunities are the best,'' Cohen said. Talking with reporters afterward, Cohen declined to respond to questions about whether she was sticking to her 1,650 target, saying only that she expected the S&P500 to be ''higher.''