Abby Joseph Cohen: The US Stock Market Have Hit Bottom

Monday, October 12, 2009

The US stock market appears to have hit bottom and the nation's economy might see an upward shift in the latter half of the year, widely watched investment strategist Abby Joseph Cohen told CNBC.

“One thing to keep in mind is that we have undergone many months of very dramatic declines in earnings expectations, and also in revisions to the economic forecast by macro-forecasters,” said Cohen, president of the Goldman Sachs Global Markets Institute.

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