17 September 2001, 16:40 Goldman Sachs' Cohen cuts 12-month S&P 500 forecast to 1,250-1,400 range
LONDON (AFX) - Goldman Sachs chief investment strategist Abby
Joseph Cohen cut her 12-month projection for the S&P 500 index to a
range of 1,250-1,400 points from 1,550.
The long-term bull on the US equities market continued to assert
that equities are attractively priced even with adjustments following
the tragic events of Sept 11.
The US economy faces temporary stresses, but is fundamentally
sound. Also the banking system has functioned well through the crisis,
she said.
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