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Barron's Mid-Yr. Roundtable: Abby Joseph Cohen
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From Barron's 6-18-07:Abby Joseph Cohen is the well known partner and chief U.S. investment strategist at Goldman Sachs. She is famous for predicting the bull market of the 1990s early in the decade. However, she failed to predict the dramatic stock market decline of the early 2000s and developed a reputation as a so-called "perpetual bull".
In Barron’s mid-year 2007 Roundtable, published in the magazine's June 18th issue, Cohen offers her take on the market and her top picks:
"When we revised our estimate of operating earnings to $93 from $92, we also adjusted our year-end S&P price target modestly, to 1600 from 1550. First-quarter earnings came in stronger than we had expected, which gave us a higher baseline. More important, 2008 looks to be another year in which inflation is under control and economic growth continues."
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