Saturday, May 2, 2009

Goldman Sach's Abby Joseph Cohen Sees 20% More Upside in the Stock Market

Cohen missed the first 20% run in the stock market, but now expects another 20%.

I have always been mystified by Cohen's forecasts. I have no idea what she bases them on. It's a good thing Goldman counts on crooked government/private deals. If they had to count on Cohen's forecasting, they'd never make a profit.

For the record, I remain bullish on the stock market and expect to be so for some time. However, if the Fed stops printing money, I will turn bearish quicker than Nouriel Roubini can throw another party.

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