Abby Joseph Cohen
- JeffChristy
- Kirk
- CaptRon
- Kirk
- CaptRon
- zbidnizmin
- zbidnizmin
- CaptRon
- zbidnizmin
- zbidnizmin
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» JeffChristy - Re: Re: Re: Re: Re: Abby History
In response to message posted by dija:dija
I think Fidelity got into trouble a few years back when some of their fund managers were pumping stocks at the same time they were liquidating them from their portfolios. I believe this is the reason for their current policy. They are nolonger allowed to talk about individual stocks.
-- posted by JeffChristy
» Kirk - Abby says Market under valued 20%
.Abby reported today on National TV that she thinks the DJIA and the S&P500 are under valued by 20%
I believe she is using a variance on the Fed Model that says:
"Fair Value" = [1/(10yr-1)]x(Projected Earnings)
which gives a higher value than the Fed Model that says
"Fair Value" = [1/(10yr)]x(Projected Earnings)
Anyway, today the DJIA closed at 9645 and the S&P500 closed at 1031
If we go to Abby's "fair Value" then we should see 11,575 for the DJIA and 1237 for the S&P500 in the next year given the present S&P500 predicted earnings.
-- posted by Kirk
» zbidnizmin - Re: AJC contrary indicator
Oh Gawd. Not now.SELL EVERYTHING!!!!
In response to message posted by CaptRon:
-- posted by zbidnizmin
» CaptRon - Re: Dying to know
In response to message posted by zbidnizmin:Although acknowledging possible drop,
Shes one (almost) happy bovine...8-)
The best quote came from Battapaglia on Cavuto at Fox this weekend...
"I've been calling so many bottoms, mine hurts"...
8-)
(I also noticed he's no longer with Gruntal & Co)
-- posted by CaptRon
» zbidnizmin - Re: Re: Dying to know
In response to message posted by CaptRon:Ha! Maybe we should call him "Buttapaglia."
-- posted by zbidnizmin
» zbidnizmin - Goldman strategist sees rising stocks
By August Cole, CBS.MarketWatch.comLast Update: 2:38 PM ET July 21, 2002
NEW YORK (CBS.MW) -- Goldman Sachs' top U.S. market strategist, a renowned bull, said Sunday that U.S. stocks are going to get back on their feet and head higher.
Abby Joseph Cohen said on CBS's "Face The Nation" that stock prices are set to go "higher, not lower." The comments were made on the heels of a week that saw the Dow Jones Industrial Average ($INDU: news, chart, profile) give up 7.6 percent and the Nasdaq Composite ($COMPQ: news, chart, profile) fall by 3.9 percent. See full story.
"I can't give advice to all of the different investors out there, but would I say that I think that stock prices are today priced too cheaply," she said. She also noted that her caution about tech and telecom stocks in 2000 prompted her to advise selling stocks then.
Turning to the tell-all period that has roiled Corporate America, she said it's almost over. "We're close" to the end of the corporate revelations, Cohen said.
To that end, she predicted, the upcoming Aug. 14 deadline for top company executives to verify their firms' books will be a positive for the markets.
"And in the background is an economy which is growing, labor markets which are stabilizing, and inflation which is under very good control," she added.
Allen Sinai, chief global economist at Decision Economics and a guest on the Sunday-morning news program, commented that U.S. economic fundamentals and prospects are "the best in the world."
In April, Goldman's Cohen had said her 2002 target for the Dow ($INDU: news, chart, profile) was 11,300 and for the S&P 500 ($SPX: news, chart, profile) it was 1,300.
As of Friday, the Dow closed at 8,019. The Nasdaq closed at 1,219. The S&P 500 ended the day at 848.
-- posted by zbidnizmin
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