Abby Cohen
Abby Cohen
Abby Joseph Cohenis an American economist and financial analyst on Wall Street. As of November 2015, she continues to serve as a partner and senior U.S. investment strategist at Goldman Sachs, responsible for leadership of the firm's Global Markets Institute. Prior to March 2008, she was Chief Investment Strategist. In 2001 she was named one of the 30 most powerful women in America by Ladies Home Journal...
expect growth half profit second
We expect profit growth to decelerate in the second half of 2004.
assume continue earnings growth percent
We don't think so, and continue to assume long-term earnings growth of 7 percent-to-8 percent in our valuation model.
despite economic equity expansion expect growth interest investors moderately previous prices profit rising stocks
Equity prices can rise, despite decelerating profit growth and moderately rising interest rates, if investors expect economic expansion to continue. In previous such cases, stocks outperformed bonds, often notably.
economy economy-and-economics ours solid
Ours is an economy that is solid at its core.
given likely present time
Opportunities are likely to present themselves, especially given a 6- to 12-month time horizon.
based below continue generate good might prices states stock united
Corporations in the United States continue to generate good profits. Stock prices are below where they might be based upon the fundamentals for 2005.
albeit expect profit slower year
We expect 2001 to be yet another year of profit expansion, albeit at a slower pace.
aggregate expect gains ongoing profit
We expect 1999 and 2000 to be years of ongoing profit expansion, with better aggregate gains than 1998, which was disappointing.
best broken derived directly investment judgments models particular people periods recognized time work
Models work when they are appropriate for the particular circumstance, but some of the best investment judgments over time have come when people recognized that models derived in other periods were broken or not directly relevant.
basic bring conclusion confidence continue corporate economic encourages equity expansion favorable forecast further gains generally horizon increasing inflation modest outcome price revision stock
The basic conclusion is that 1999-2000 will bring further gains in corporate profits, mild-mannered inflation and a generally favorable outcome for equity prices. Increasing confidence that the economic expansion will continue through our newly-extended forecast horizon encourages a modest upward revision in stock price targets.
assumption economic growth primary profit resume
The primary assumption is that economic and profit growth will resume by midyear.
asia bit economy economy-and-economics hurts strong weakness
I think it was more of an excuse. Weakness in Asia just hurts a strong economy a little bit around the edges.
assumed core growth moderation percent profit rise work
Our valuation work for the S&P 500 has long assumed moderation of profit growth to about 8 percent from 20 percent and a rise in core inflation.
beyond expected investors transitory unlikely widely
Such a 'flu shot' is now widely expected and would be unlikely to unsettle investors beyond a transitory period.