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To: Lee who wrote (89433)	1/15/1999 12:41:00 PM
From: Glen L. Peden	Read Replies (1) \| Respond to of 176387

Monday Market Close......Really? What holiday is it? EOM Glen

To: Lee who wrote (89433)	1/15/1999 3:55:00 PM
From: Mohan Marette	Respond to of 176387

'..that being the case,yes we are still bullish on the economy'-Abby Lee: Here is something interesting from Abby Cohen,the no nonsense girl of Wall Street. ---------------------------------------------------------------------- Friday January 15, 3:29 pm Eastern Time Goldman's Cohen says US economy looks good in 2000 SAN JOSE, Calif., Jan 15 (Reuters) - Goldman Sachs & Co.'s chief market strategist Abby Joseph Cohen, one of Wall Street's most widely respected stock analysts, said Friday she expects her bullish scenario on the U.S. economy to continue in 2000. ''Over the next several weeks we will introduce our forecast for 2000 and at this point I do not expect there to be any significant problems developing either in terms of growth, inflation or interest rates,'' Cohen said, speaking at the Bay Area Council's 1999 outlook conference in the heart of Silicon Valley. ''That being the case, yes we are still bullish on the economy,'' she said. Traders said her comments helped the market add to its strong gains for the session. In late trading, the Dow Jones industrial average was up 174 points to 9294. Cohen said her ''SuperTanker America'' analogy still holds, saying the U.S. economy should continue growing, albeit slowly, next year. She stressed four main factors: the trade-oriented U.S. economy; value-added exports; the strenghth of the domestic economy; and the ''tough love'' shown by the U.S. Federal Reserve and commercial banks. She called a bull market back in early 1991 when the Dow was trading at just over 2,000. Since then, she has stayed optimistic even as other bulls have pulled in their horns. Her forecasts, which she says are based on number-crunching, were sorely tested this summer as stocks were wrenched by economic trouble in Russia that looked like it could spread around the globe. Cohen stuck to her targets even when the Dow was nearly 2,000 points below her 1998 year-end target of 9300. Her target for the Standard & Poor's Index was 1150. She was remarkably close. For the year, the Dow closed at 9181.43, and the Standard & Poor's closed at 1229. Cohen slightly cut back her recommended holdings in stocks on January 7, trimming the equity weighting to 70 percent from 72 percent. biz.yahoo.com