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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (53256)	8/7/2009 6:02:45 PM
From: TobagoJack	Read Replies (2) \| Respond to of 217825

i would only call her a name had i wanted to insult a working girl exchanging goodneess value for just cash just in in-tray when her '10 must have tech stocks' portfolio published in early 2001 imploded by a full 89% within 18 months (similar to the Dow's plunge in the great depression, only even faster!) , i thought it might lead to her demotion. alas.... here's what she said in '08: Mon Jul 14, 2008 8:39am EDT NEW YORK, July 14 (Reuters) - The fair value of the Standard & Poor’s 500 .SPX, the broadest gauge of major U.S. stocks, is at 1,400, based on a 6 month to 12 month view, Abby Joseph Cohen, Goldman Sachs’ senior investment strategist, said on Monday. “Our strategy team’s sense is that in 6-12 months, fair value in the S&P 500 is on the order of 1,400,” she told CNBC television. The S&P 500 entered a bear market last week, falling more than 20 percent from its Oct. 9, 2007 record close of 1,565.15. On Friday the index ended at 1,239.49. It would be cheaper to employ a robot that consistently forecasts that within a year, the market will be about 15%higher than it is at any given time. btw., similar to AJC, such a robot would, over the very long term, be right 67% of the time about the market's direction, at least as long as there is a central bank busy devaluing the money unit year after year.