Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: calgal who wrote (129446)	5/27/1999 5:17:00 PM
From: D.J.Smyth	Read Replies (1) \| Respond to of 176387

In case you missed: Abby Cohen NYT comments May 16: (still bullish) search.nytimes.com For followers of Abby Joseph Cohen, investment strategist at Goldman, Sachs, it probably seems like a reflex reaction. Bad news prompts a market selloff. Ms. Cohen, a perennial bull, tells investors not to fret. It happened again on Friday as the Dow Jones industrial average lost 193.87 points on the news that the Consumer Price Index rose an unexpectedly sharp 0.7 percent last month, fueling inflation fears. Speaking at a Goldman, Sachs conference, Ms. Cohen said the concerns were overdone. "We don't believe we are on the cusp of an increase in inflation," she said, adding that excess capacity in many industries and stable commodity prices will temper price increases. The Standard & Poor's 500-stock index is in a trading range of 1,300 to 1,350, and it may get a boost as companies report second-quarter profits, Ms. Cohen said. "The direction of the S&P will be higher," she said. Ms. Cohen added that she didn't expect a "significant spike" in interest rates. For the year, she said, inflation will be 1.5 percent to 2 percent. (Bloomberg News)