Joseph Cohen
Joseph Cohen
Joseph Cohenwas a Canadian lawyer, academic, and politician...
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,
event january past rally states thanksgiving united
The so-called January rally has been a Thanksgiving event in the United States for the past decade,
likely lost months regain value
is likely to regain some of its lost value in the months ahead.
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.
attractive equity improved since
Equity valuation has improved since March, ... the most attractive they have been all year.
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,
believe remains view worries
We believe these worries will be short-lived, ... The intermediate and long-term view remains bright.
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.
believe beyond decline gone prices share
We believe the decline in share prices ... has gone well beyond what the fundamentals suggest,
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,
markets today
Today the markets are already priced for imperfection,