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Strategies & Market Trends : Don't Drink the Kool-Aid Kids -- Ignore unavailable to you. Want to Upgrade?


To: Stoctrash who wrote (790)8/21/2001 9:52:18 AM
From: AugustWest  Read Replies (1) | Respond to of 1063
 
While I was doing a search on this thread for INTU(as I remember discussing it before) I ran across this post by you on Abby jo. She's pretty funny, eh?
Message 15512541

Abby Cohen Says S&P 500 Undervalued
By Jim Loney

MIAMI (Reuters) - Goldman Sachs stock market guru Abby Joseph Cohen, one of the bulls who drove the record U.S. stock market surge during the last decade, said on Thursday that the S&P 500 is undervalued and technology and telecoms should be overweighted in investors' portfolios.

A week after telling clients to buy more stocks, Cohen said the U.S. economy is strong and reiterated her belief that the S&P, which closed on Thursday at 1,174, will hit 1,650 by year-end.

She said the Dow Jones Industrial Average, now at 10,031, will likely reach 13,000 by the end of 2001. Goldman Sachs does not forecast the tech-laden Nasdaq Composite Index