Abby Joseph Cohen: S&P May Jump 20% in 6 Months

Tuesday, October 13, 2009

The S&P 500 may jump 20 percent to 1,050 over the next six to 12 months as investors buy stocks trading at low valuations, said Abby Joseph Cohen, Goldman Sachs Group Inc.’s senior investment strategist.

“You could see the market sustain at these levels,” Cohen, 57, said in a Bloomberg Radio interview. “We’re going to set a new trading range much higher than the trading range in February and March.”

I don`t agree. I think the market is overbought, the economy will not grow any time soon. At best we will trade around these levels in a boring trading range. But my feel is that a big correction is coming.

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