Board-Ansicht
Mix-Ansicht- Abby Cohen: 2002 war ein Ă¼berraschend gutes Jahr - kingsolomon, 14.12.2002, 08:36
- ...das ist nicht mal mehr lächerlich... (owT) - Tofir, 14.12.2002, 11:05
Abby Cohen: 2002 war ein Ă¼berraschend gutes Jahr
-->
NEW YORK (Dow Jones)--By many measures, 2002 was a"surprisingly good year," says Abby Joseph Cohen, Goldman Sach's perennially bullish chief investment strategist.
Cohen makes the statement in her just released report looking at this year and ahead to 2003. Her statement is based on sentiments that include earnings having bottomed in 2002 - which in some quarters is still a subject for debate - strong corporate balance sheets in most sectors and improved labor productivity.
Cohen is being Cohen but her comments may be cold comfort to many investors who will remember 2002 as the third year in a row they lost a lot of money in the stock market. The Dow Jones Industrial Average has not had three straight down years since 1939 to 1942. The Nasdaq Composite Index will also mark the feat, but the three-year-fall will be its first trifecta.
As for 2003, the Dow should jump 28%, from 8448, where it is now, to 10,800, Cohen said. The Standard & Poor's 500 will do even better, rising 29%, from 891 to 1150, she adds.
Cohen says risks are low chief executive confidence that could cap spending and sluggish global growth. But her leanings are definitely for the better scenario to work out because profits should pick up, inflation and deflation are under control and investors will be more comfortable with the financial results companies report after 2002's reporting chicanery, she said.
-Karen Talley, Dow Jones Newswires, 201-938-5106
Thread gesperrtgesamter Thread:
