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To: Dr. David Gleitman who wrote (56221)	8/5/1998 10:47:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 176387

Goldman's Cohen said to reiterate bullish outlook Wednesday August 5, 10:11 am Eastern Time NEW YORK, Aug 5 (Reuters) - One of Wall Street's best known bulls, Goldman Sachs strategist Abby Joseph Cohen, is still confident in the bull market in U.S. stocks and telling clients that the recent stock market sell-off is overdone. Goldman Sachs declined to offer details but, according to clients familiar with the note, Cohen said she saw stocks as having reached the bottom of a trading range and reiterated her 1998 target of 9300 on the Dow Jones Industrial Average. Cohen has often said she expects the blue chip average to easily surpass that target this year. The Dow peaked on July 17 at 9337.97 but has fallen steadily since. It tumbled 299.34 points to 8487.31 on Tuesday, its largest loss since the 554-point market-closing slide on October 27, 1997.