Shocker: Joseph Cohen (Abby) Says Recession Is Over, S&P Headed To 1,300

ppteam

“We do think the market overall is likely undervalued,” Cohen, 57, said on Bloomberg Radio. “The recession is over and has been over for several months. Not every sector recovers at the same pace. We’d be looking in some of those areas focusing on economic improvement.”

    Cohen said technology shares and commodities producers are attractive because of the prospects for revenue growth and improved demand. The industries have both gained 77 percent since the S&P 500 dropped to a 12-year low on March 9, 2009.

    The top-ranked strategist in Institutional Investor’s surveys in 1998 and 1999, Cohen stayed bullish on computer- related stocks for too long as the S&P 500 suffered a bear market from March 2000 to October 2002. She said in October 2000 that technology stocks would be a good investment in 2001. The S&P 500 Information Technology Index then tumbled 26 percent.

ppteam

To wit: On a CNBC appearance in March 2008, she predicted S&P 500 at 1550 by end 2008, In an August 10, 2007 appearance on CNBC the Oracle of nothing predicted the S&P 500 would rally to 1,600 by December; In December 2007 A. Joseph predicted the S&P 500 index would reach 1,675 in 2008 (the S&P 500 traded to less than half, or 741.02, in November 2008).

jack3400

thnxs for sharing!

n748

1# ppteam


Why bother to listen to her?

氢氧化钠

“We do think the market overall is likely undervalued,” Cohen, 57, said on Bloomberg Radio. “The recession is over and has been over for several months. Not every sector recovers at the same pace.  ...
ppteam 发表于 2010-2-17 23:23

what about those time she fail?

dividend_growth

Abby Cohen是典型的死牛，牛市中奇准无比，熊市中一塌糊涂。

cboom

thx for the jokes

happylux

这记录够牛的

dara

Abby Cohen是典型的死牛，牛市中奇准无比，熊市中一塌糊涂。
dividend_growth 发表于 2010-2-18 01:15

That is called stupid.

If anyone followed her since 2000, that person would cry real hard now.

I could not believe she is still in this business.

Even the stupiest person in the world could be right sometime in stock market all he needs to do is predict the same direction every year.

guyuxiao