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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (67157)	4/5/2001 10:48:33 PM
From: Eclectus	Read Replies (1) \| Respond to of 116979

long-gone The excerpt below was pulled from gold-eagle. The article is titled "With Warning" and the author is Brady Willett. I love his commentary on Abby Joseph Cohen. I really do. <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><> Cohen has predicted the S&P index, which was at around 1,114 at midday Wednesday, will hit 1,650 by the end of the year. 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 at the World Economic Forum's U.S. meeting being held in Washington Let me see if I understand Abby correctly. Companies continue to warn at a record clip, and by some estimates we are headed for a 90% chance of a recession – and she thinks stock prices are overshadowed by 'risk aversion'? Has not the risk been real? Has not the truth come to pass, even as Abby has said it was a great time to buy stocks 54 times during the last year? Does she not continue to base her opinions on the assumption that investors will buy stocks above any, and all historical statistical averages (P/CF, PE, PEG)? In the last year we have seen G. Soros crack, and J. Robertson retire and claim he doesn't understand the market any longer. That said, we have still not yet seen Abby Joseph Cohen express any doubt over what is happening in the marketplace. Abby thinks the S&P 500 will rally 48.1149% by year-end – THIS DURING A TIME WHEN EARNINGS ON THE S&P 500 ARE EXPECTED TO BE FLAT! I think I am beginning to run out superlatives to express the disgusting feeling I get every time this lady speaks. One last, and serious question: Is she nuts? <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><> Got God? Got Gold?