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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (9421)	10/24/1997 12:46:00 PM
From: vip	Respond to of 70976

I guess some encouraging news from Mrs. Cohen. Hope it helps technology sector. Follwoing is from Reuters. NEW YORK, Oct 24 (Reuters) - The U.S. economic and profit outlook remains solid and the consequences of slower Asian growth will likely have only a mild impact long term in the United States, said Abby Joseph Cohen, co-chair of investment policy committee at Goldman Sachs & Co. The well-respected Wall Street guru made her comments today, following yesterday's turmoil in global stock markets, triggered by a 10 percent plunge in Hong Kong shares. ''We continue to expect the U.S. equity market to rise in price and have made no change to our 12-month target of 1050 (for S&P500 index),'' Cohen said in a report.