Abby Joseph Cohen is bullish!
Well, I don’t know about you, but I didn’t see that one coming. Goldman Sachs senior investment strategist Abby Joseph Cohen thinks that stocks are going higher.
At the 14th annual USA Today Investment Roundtable, Cohen noted that the current stock market picture is “muddled”, but “nicer”, and still “a reasonably good environment” for investors.
She added that most people “are taking the point of view that the period of maximum risk has passed, but we do have risks ahead. It is more normal, but it is not normal.”
Based on this, I’d say things are definitely back to “normal”…
ooo
Tim Iacono is a retired software engineer and writes the financial blog “The Mess That Greenspan Made” which chronicles the many and varied after-effects of the Greenspan term at the Federal Reserve. Tim is also the founder of the investment website “Iacono Research” that provides weekly updates to subscribers on the economy, natural resources, and financial markets.
December 14th, 2009 at 4:43 pm
Has there ever been a single example of her being bearish?
December 14th, 2009 at 4:45 pm
err…
…isn’t this one of those classic contrarian indicators?
…was she speaking only about EM’s?
December 14th, 2009 at 4:55 pm
She was bullish in March of 2000.
Q.E.D.
December 14th, 2009 at 4:55 pm
I thought Abby Cohen was female.
December 14th, 2009 at 4:55 pm
With the name Abby – Joseph and a face like that – one has to ask, male or female?
December 14th, 2009 at 5:11 pm
Didn’t she and her sister used to give advice on relationships?
December 14th, 2009 at 5:12 pm
A couple of you beat me to it… Back in High School (a LONG TIME ago) that’s what we would call “A Double Bagger”.
(What a GasBag)
December 14th, 2009 at 5:17 pm
“Helium Abby” is bullish??!
Knock me over with a feather.
December 14th, 2009 at 5:22 pm
Brown suit, no hair style, no jewelry or other adornment, probably has no personality – John Clarke you can keep her AND the bags.
December 14th, 2009 at 5:23 pm
S/he needs a nose ring and a grill
December 14th, 2009 at 6:25 pm
@DL…abby was bullish when she was born…
December 14th, 2009 at 7:44 pm
If Abby is”BULLISH” we better ALL FALL DOWN AND DIE…..I hope that the “Barry Contrarion views” will beat this one down fast and furious.
If Abby is Correct…then the Collapse of American Finance is Sooner than we THINK!
December 14th, 2009 at 8:15 pm
Watch out all, this means that Goldie is on the sell side.
December 14th, 2009 at 8:17 pm
But other client account managers in other departments and separated by Chinese Walls (That’s like a Wall Street wall but, like everything else now, made in China with exported US jobs) may be on the buy side. No conflict there.
December 14th, 2009 at 8:19 pm
Dude looks like a lady…
December 14th, 2009 at 8:31 pm
Those “ladies” on CNBC need to be warying of ABBY….she’s got them beat. Notice only Sue on CNBC dare’s to flaunt her “gold jewelry.” Sue Herrera has been there forever…She flaunts her GOLD today on CNBC…
Should Sue be the Contrarian or Abby minus the “bling” be the contrarian. It’s up to US to decide.
LOL’s.
December 14th, 2009 at 9:06 pm
“flipspiceland Says:
December 14th, 2009 at 4:55 pm
I thought Abby Cohen was female.”
Well…. female, but she is no becky quick.
December 14th, 2009 at 11:01 pm
Well…. female, but she is no becky quick.
You mean that Abby doesn’t need to sleep with the Executive Producer or VV?
December 15th, 2009 at 2:55 am
Shouldn’t bullishness on the part of an investment strategist from GS be a clear sell signal? Don’t they make most of their money taking the opposite trade from their clients? Didn’t they recommend selling financials just before the massive rally? Since when has GS been trust worthy?
December 15th, 2009 at 6:32 am
Full disclosure: Abby Cohen persuaded me to turn bulish once in my life and she really made me a lot of money by doing so.
Don’t know if something has happened to her mojo but, I’m not necessarily going to write her off this time, not entirely.
December 15th, 2009 at 9:41 am
You all are cold. Abby and Paul Tudor Jones are the same person. He does the bear side, then changes outfits and she does the bull side.
December 15th, 2009 at 11:17 am
No, it’s not a good contrarian indicator in any kind of shorter time frame because she’s always bullish. She’s just a classic case of the persistent uber bullishness that is born from a massive secular bull. So in the bigger picture, longer term, she’s a good contrarian indicator. Mostly she’s just not worth listening to.
December 15th, 2009 at 11:19 am
By the way, the ad hominem attacks are really low class and offensive. Take it to the Yahoo boards.
December 15th, 2009 at 1:55 pm
* April 2001 – Abby Joseph Cohen [chief investment strategist - Goldman Sachs]:
“The time to be nervous was a year ago. The S&P then was overvalued, it’s now undervalued.”
(The S&P continued down for another eight years in inflation-adjusted dollars)
December 15th, 2009 at 4:11 pm
Equity prices are overvalued again:
http://raphaelkahan.blogspot.com/2009/12/december-stock-market-update.html
December 15th, 2009 at 5:01 pm
Comical Abby! Named after another well-known propagandist who was also prone to wild and unfounded predictions…
December 15th, 2009 at 7:19 pm
She’s a man baby!
December 15th, 2009 at 11:03 pm
I got out last week and put a quarter of it back into shorts. Looks like I was just in time.
This is Pat’s cousin from the SNL skit. Seeing her/his shoes would help.
December 16th, 2009 at 7:36 pm
Used car salesman: “Honest, this is a really, really, really good car. I mean it this time.”