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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (87875)6/10/2009 9:25:58 PM
From: Hawk  Read Replies (1) | Respond to of 94695
 
Now that some banks have repaid the TARP money. Tiny Tim does not plan to give the money back to the taxpayers, they are going to keep it for future needs. Translation S&P to the moon.



To: GROUND ZERO™ who wrote (87875)6/10/2009 9:50:04 PM
From: puborectalis  Read Replies (1) | Respond to of 94695
 
June 10 (Bloomberg) -- U.S. financial markets have been moving “back towards normal” since March, said Abby Joseph Cohen, Goldman Sachs Group Inc.’s senior investment strategist, in an interview.

“Much of what we can recognize as happening now is really a restoration of where we should be,” Cohen said in an interview with WBBR’s Bloomberg on the Economy, to be broadcast tonight. “This situation is much closer to normal than any place we have been over the last 18 months.”

Still, the situation is “not at normal yet,” Cohen said. Investors are more “risk averse” than usual, she said.

Cohen is known for her optimistic forecasts for stocks during the 1990s stock-market rally. Goldman Sachs replaced her in March 2008 as the bank’s chief forecaster for the U.S. stock market.

She predicted in an interview broadcast May 1 that the Standard & Poor’s 500 Index may jump to 1,050 over the following six to 12 months. The S&P closed at 942.43 yesterday, compared with 872.81 on April 30.