SI
SI
discoversearch

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.
Biotech / Medical : PFE (Pfizer) How high will it go? -- Ignore unavailable to you. Want to Upgrade?


To: Longterminvest who wrote (4750)8/5/1998 1:52:00 PM
From: LWolf  Read Replies (1) | Respond to of 9523
 
Abby J Cohen's remarks.......(copied from post on DELL thread)

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.