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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (1981)11/5/1998 2:23:00 PM
From: Wally Mastroly  Read Replies (1) | Respond to of 15132
 
Some Greenspan words & a few from Abby Cohen (saw her on CNBC today:

"Greenspan urges global financial institutions to tighten lending agreements"

cnnfn.com

Greenspan: 'Investor fright' lessening

usatoday.com

Abby Cohen remains bullish. See's little chance of recession next year & is holding to 1998 index targets (DOW 9300, etc.). See's single digit profits. U.S. economic expansion is not over.

Agrees that small/mid caps offer value but conceded that their models don't show timing on when values will be realized. Russell 2000 making nice move lately - but still negative year to date. Sees the global economy as the single biggest concern to the market. Therefore likes domestic companies (like cyclical retailers).

She was in Boca Raton speaking to a group.