We expect 1999 and 2000 to be years of ongoing profit expansion, with better aggregate gains than 1998, which was disappointing.
More Quotes from Abby Cohen:
Corporations in the United States continue to generate good profits. Stock prices are below where they might be based upon the fundamentals for 2005.Abby Cohen
Models work when they are appropriate for the particular circumstance, but some of the best investment judgments over time have come when people recognized that models derived in other periods were broken or not directly relevant.
Abby Cohen
I think what we had today was a disconnect between the stock market and the economy. The U.S. economy looks great...corporate profits are good...inflation and interest rates will be friendly for longer.
Abby Cohen
Our valuation work for the SP 500 has long assumed moderation of profit growth to about 8 percent from 20 percent and a rise in core inflation.
Abby Cohen
After September 11, 2001, we assumed that the equity risk premium demanded by investors would be above the historical average, but did not anticipate the current extreme reading which is near the highs of the past three decades.
Abby Cohen
We don't think so, and continue to assume long-term earnings growth of 7 percent-to-8 percent in our valuation model.
Abby Cohen
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Based on Topics: Disappointment QuotesThe most imaginative people are the most credulous, for them everything is possible.
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Love commingled with hate is more powerful than love. Or hate.
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I am also working on a couple of short stories for anthologies. This is new to me and I'm enjoying it.
Judith Guest