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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (23587)	8/29/1998 4:58:00 PM
From: zsteve	Respond to of 70976

Ramsey, RE -- >>Ms. Cohen can lose 99% of her OWN assets and still have 100 times more money than me.<< I don't think that most analysts ( and brokers ) will risk their own money -- they always let their clients bear the risks -- they make money from their either bullish or bearish recommendations. they always win. have you read that one analyst recently got a $10 million annually-pay deal for keeping him from jumping to other firm?

To: Ramsey Su who wrote (23587)	8/29/1998 5:56:00 PM
From: 16yearcycle	Read Replies (2) \| Respond to of 70976

Funny how someone can be right for YEARS and wrong for days, and be everyones punching bag. I find it rather disgusting, myself. Cohen is no fool, and with rates at 5%, and pe's at around 20, she has history on her side. Still, I think she is high. imo, fair value on the dow is about 8400, 400e x 21pe= 8400. A drop to 7900, a 15% correction, is likely, and not a big overreaction. 6400 would be a pe of 16, and a gross overreaction in this interest rate environment. 6400 would get the attention of the fed, to be sure. I will be buying again below 7900.

To: Ramsey Su who wrote (23587)	8/30/1998 12:12:00 AM
From: Joe Sabatini	Read Replies (1) \| Respond to of 70976

Abby Cohen is simply a well-paid mouthpiece. If Manhattan was nuked by a terrorist, she would probably still be calling for Dow 9300 this year. Ridiculous. Some people are simply too optimistic. If you have 100% of your money in stocks, I guess you have to be ultra-optimistic, even in the short term. But the ultra-optimists could be in for some serious shocks before the end of the year. Some people don't see anything wrong with driving the nifty 50 further into the stratosphere. I say if something seems too good to be true... Joe S.