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

To: zsteve who wrote (24387)	9/19/1998 6:13:00 PM
From: zsteve	Read Replies (1) \| Respond to of 70976

From Barrons: Whom do you believe? Goldman Sachs' market strategist Abby Joseph Cohen Friday reiterated her forecast that this country's supertanker economy is not headed into a recession. "We believe the U.S. will not be immune to global conditions, but we don't believe those conditions will push us into a recession," she said during a morning conference call with investors. Goldman's economics group must not have been listening. A one-page missive they circulated Friday was entitled "Markets Whispering 'The RWord.' " It concluded: "Current stock, Treasury and corporate prices are consistent with a 40% probability of recession over the next 12 months. The deterioration in market conditions has been rapid and furious, with the implied probability of recession standing at its highest levels since the early 1990s." __________________________________________________ I think i will buy amat the day when AJ Cohen recommends 150% in stocks.