Abby Joseph Cohen,
President, Global Markets Institute, Goldman Sachs
President, Global Markets Institute, Goldman Sachs
The recent rally in markets is on the back of cheap valuations, but added that the markets may be stuck in a range going forward. "The economy is not looking as bad, which is making investors more comfortable. Also, fundamentals are likely to get better. We expect modest economic growth of around 1-2% in H2 CY09."
According to her, different sectors will come out of recession at different times. "Some sectors may see vigorous recovery, while others may be stretched."
Cohen sees 900-950 as fair value on the S&P and expects it to trade at 1,000-1,050 in 6-10 months.
According to her, different sectors will come out of recession at different times. "Some sectors may see vigorous recovery, while others may be stretched."
Cohen sees 900-950 as fair value on the S&P and expects it to trade at 1,000-1,050 in 6-10 months.
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