It is too soon to know how the situation in Iraq will unfold in the coming months, and the extent to which the new government can indeed control the country. But, for the present, investors seem relieved that the direction is not toward an increased level of U.S. involvement.
More Quotes from Abby Cohen:
The global backdrop in 1999 will continue to offer impediments, but we expect Supertanker America to stay its course of moderate economic and profit growth. A supertanker is not necessarily fast or colorful, but it is steady and reliable and hard to push off course.Abby Cohen
The basic conclusion is that 1999-2000 will bring further gains in corporate profits, mild-mannered inflation and a generally favorable outcome for equity prices. Increasing confidence that the economic expansion will continue through our newly-extended forecast horizon encourages a modest upward revision in stock price targets.
Abby Cohen
Opportunities are likely to present themselves, especially given a 6- to 12-month time horizon.
Abby Cohen
For the first time in a decade, our model portfolio is no longer recommending an overweighed position in technology.
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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Life is the childhood of our immortality.
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You cannot spend your way out of recession or borrow your way out of debt.
Daniel Hannan