Joseph Cohen
Joseph Cohen
Joseph Cohenwas a Canadian lawyer, academic, and politician...
anytime economic environment investor likely recession thinking today
An investor today should be doing what an investor should always be doing, and that is thinking about what the economic environment is likely to be going forward. There is not a recession likely here anytime soon.
believe calls coming domestic economic expansion growth longer moderate outlook pace percent persist profit
Our economic outlook still calls for real GDP (gross domestic product) growth averaging 3-4 percent in coming quarters. We believe that economic and profit expansion can persist for longer at the moderate pace we project,
activity corporate data economic expected gains inflation interest performance price reported stock suggest supported worst
Data suggest that economic activity has bottomed and that the worst is now being reported for corporate profits, ... As such, stock price gains are expected to continue, supported by improvements in corporate performance and mild-mannered inflation and interest rates.
attention brazil consequences direct economic focused global investor quite recently states three united
Global investor attention has recently focused on three nations: Russia, Brazil and Venezuela. The direct economic consequences for the United States are quite small,
changed corporate economy economy-and-economics recent specific
Little of a fundamental nature, specific to the U.S. economy or corporate performance, has changed in recent weeks,
continue economic expansion expected good grow inflation profits stay stocks year
We had expected that 1999 would be a good year for the economy, profits would grow and inflation would stay under control, ... If that's right, 2000 should be yet another year of this economic and profit expansion and stocks should continue to rise.
accept aggressive approach economic investors seeds view
When investors come to accept the view that the seeds for economic reinvigoration have already been sown, a more aggressive approach will be appropriate,
america backdrop continue course economic expect global moderate offer profit stay
The global backdrop in 1999 will continue to offer impediments, but we expect Supertanker America to stay its course of moderate economic and profit growth,
assets economy good investors represent states time united
In 1997, investors were going for the sizzle around the world; this time they're going for the steak, ... The United States is the supertanker economy and assets in the United States represent good value.
attractive extended following issues offer period price relative share smaller
Smaller issues offer attractive relative valuation, following an extended period of share price underperformance,
correction intense might united volatility
The volatility has been more intense than we might have expected, ... in the United States, that correction has really been overdone.
close market
We went from a market that was dramatically undervalued to one that is priced close to where it should be,
due expect following industry notable quarters recent
We expect the DJIA to outperform the S&P 500 in 1999, following notable under-performance in many recent quarters due to differences in industry composition,
attractive equity improved since
Equity valuation has improved since March, ... the most attractive they have been all year.