Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (30004)	1/11/1998 3:36:00 PM
From: getgo234	Read Replies (1) \| Respond to of 61433

OFF TOPIC Bullish Abbey Cohen appears on Wall Street Week 1/09/98 Ms. Cohen noted Friday evening that U.S. stocks are a better buy today than six months ago: better profits and cash flow, lower inflation and lower interest rates. Ms. Cohen noted that historically when inflation rates are at these levels pe ratios are usually 20 to 22x and sometimes 24x. Today the market is selling at 18x IAW Ms. Cohen. She looks for S & P earnings to easily grow by 8% in 98. While this is below the 12% grow in 1997, the 8% eps growth in 98 relative to 2% inflation for 98, results in real growth in eps of 6% in 98, above the historical trend IAW Ms. Cohen. Based on the above Ms. Cohen stated " If I assume PE ratio does not go up I still see DOW 8700". " I see that as an easily achievable target for the year". "On a short term basis we could go a little bit lower until investors see some earnings info". " We think the reports will be good".