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New bull market has begun? Do you agree?
Goldman Sachs' Cohen: New bull market has begun.
http://news.yahoo.com/s/nm/20090806/bs_nm/us_usa_stocks_goldman_cohen
NEW YORK (Reuters) – U.S. stocks have entered a new bull market, and the S&P 500 index could rise as much as 10 percent from current levels by the end of this year, Goldman Sachs strategist Abby Joseph Cohen said on CNBC on Thursday.
Goldman Sachs sees the benchmark Standard & Poor's 500 index in a range of 1,050-1,100 toward year-end, said Cohen, the firm's senior investment strategist and president of its Global Markets Institute. That range, she said, "is where we should be toward the end of this year
Answers
168 points
madman87 answered 3 months ago …
I think it has begun somewhere from April when most of economic indicators started to improve. There was already about 50% grow on S&P from march lows , i dont think it was a correction in bear market :)
Read more from madman87
4085 points
EthanR answered 3 months ago …
I have to disagree. I would like to know, what is going to propel stocks going forward? Right now it seems that the earnings estimates were so discounted that every stock is going up simply because the crummy earnings they report aren't as bad as the analysts' estimates! Is that what bull markets are made of? I don't think so.
Some things have improved a little in the economy recently (only because they were so bad before), but I just don't see any of the usual catalysts (reduced taxes, job growth, new technologies and products, etc) that should propel stocks to new highs. Would like to hear other people's views on what factors will drive stocks higher.
