Goldman Sachs' (Abby Joseph) Cohen says new bull market has begun

[sabra]

Source: Reuters

NEW YORK, Aug 6 (Reuters) - The new bull market in U.S. stocks has begun and possibly started in March, Abby Joseph Cohen, chairwoman of the investment policy committee at Goldman Sachs and Co, said on CNBC on Thursday.

"We do think the new bull market has begun," she said. "It may prove it began in March of this year."

Cohen sees the Standard & Poor's 500 index .SPX at between 1,050 and 1,100 toward the end of this year. She also said it appears job losses are slowing but that she sees many more months of "difficult labor situation ahead."

Read more: http://www.reuters.com/article/economicNews/idUSN0632914320090806

[leveymg]

1. She was saying the same thing during the summer of 2000

Abby Cohen. Now there's a name from the past. How quickly they think we forget.

[bluestateguy]

2. Gee, this has been Back to the 90's week, hasn't it?

Bill Clinton, Abby J. Cohen...

[MannyGoldstein]

3. Given What We've Seen From Our Government In The Past Few Months

It's a safe bet that corporate and bank profits will do very nicely over the next few years, thus sending the markets higher. Right Mr. Summers? Right Mr. Geithner?

[cbdo2007]

4. March 6th was the bottom, now we're on our way up

Sure there will be a few more downturns along the way, like there always is, but in a few years max it'll be back up to new highs.

I'm more than happy for all the naysayers out there to keep their money out of the market though - better deals for the rest of us.

[CAcyclist]

5. Expect Extreme Fluctuations

Until the market is reregulated and transparency is restored, it will continue to act erratically with wild swings due to fraud and insider trading. I call an upswing like this getting ready to shear the sheep.

[TheWatcher]

8. No one ever went Broke underestimating the Stupidity of The American People

If you really think they can manipulate this back up to new highs, I would love to hear you share with us how they will do it.

Where will the money come from?

How will it be done with escalating unemployment, an Insolvent Banking System, and a Fed headed by a Criminal printing infinitely, monetizing it's OWN DEBT, and a disappeared Manufacturing Sector, as well as a devalued currency that will more than likely continue to do so, because of monetization, infinite printing, and artificially non-existent interest rates.

And even if they could, WHAT GOOD WILL IT DO THE REST OF THE PUBLIC. What good will it do to the Real Economy?

Ah, but you could care less about that. You'll get yours and fuck everybody else, right?

I'm MORE than happy to have my money out of the Market, and more than happy to watch you get taken by the house once again.

you might make short term gains, but just like the last Bubble, from 03-08, unless you sold at the Top, they will take everything you've got again.

You're either a sucker, or one of the jackals that keeps this Ponzi Game going.

Bubble Economics doesn't work.

It sounds like you are fully "invested" in delusion.

You think you're part of the Power Structure.

Trust me, You're Not.

[jakeXT]

6. run for the hills

Wednesday, 7 May 2008

Oil price 'may hit $200 a barrel'

The price of crude oil could soar to $200 a barrel in as little as six months, as supply continues to struggle to meet demand, a report has warned.

Goldman Sachs energy strategist Argun Murti made the warning as benchmark US light crude passed the $123 mark for the first time.

....

http://news.bbc.co.uk/2/hi/business/7387203.stm

[gratuitous]

7. It's certainly over for Goldman Sachs

The rest of the country? Eh, not so much.

[PfcHammer]

9. Bwahahahahaha. And the Iraqis will greet us with chocolates...

:rofl:

[Odin2005]

10. Delusional.

History says that we will be in a long-term bear market for at least 5 years.

[naaman fletcher]

11. it may be..

But don't take Cohen's word for it. She is always bullish.

[neverforget]

12. For Goldman Sachs, it's never a recession. That's for little people.

Like us.

[PSPS]

13. Pump 'n' Dump