« U.S. Dollar Being Turned Away in Street Exchanges | Main | Fun with Sectoral Multiples »

Latest Stories

• Puzzling About Ski Resort Lift Passes
• linkfest 04/10/08: Indicators, Entrepreneurs, Back-testing, etc.
• Quote du Jour: MSFT/YHOO/AOL/NWS/etc.
• Meetings, Meetings
• Infineon and the iPhone

March 17, 2008

Abby Cohen Muzzled: That's Gotta Be Bullish

Here is the most bullish news I've seen today: Goldman Sachs is muzzling perma-bull Abby Cohen in favor of a someone with a markedly lower target for the S&P 500 this year. Her successor, David Kostin, is calling for a 1,380 year-end S&P 500, versus the 1,675 that Abby had been calling for. Granted, both are up from current levels, but taking out Ms. Cohen has got to be one of those epochal moments.

Abby Joseph Cohen, the most bullish investment strategist on Wall Street this year, will stop making Standard & Poor's 500 Index forecasts for Goldman Sachs Group Inc.

... The 56-year-old Cohen now has the title ``senior investment strategist'' and contributor to the portfolio strategy team, according to [a GS spokersperson]. Her prediction for the S&P 500 this year was the highest among 14 Wall Street forecasters followed by Bloomberg.

Hat-tip to Howard Lindzon for pointing me to this one first, over on Twitter.

[via Bloomberg]

Sphere It   |   Digg it   |   Bookmark it   |   Stumble it

Comments