Abby Joseph Cohen Update

Al Gore and Abby Joseph Cohen discussing the economy?

Whaaat?

Whatever they conclude, I want to fade that 'til the cows come home. Global warming is so 1990's, since the Earth may now be cooling. And Abby's record? Read on.

I want to thank Mish's Global Economic Trend Analysis for the linkage. Back in 2006, I fell out of bed during a CNBC interview with Abby Joseph Cohen. (You know, that was a poorly constructed sentence.) Anyways, it prompted me to do some internet digging to find the history of Abby's calls, and I blogged SAY WHAT, Abby Joseph Cohen?

Just an update, I searched for Abby on Google today and found these:

March, 2008: Abby Joseph Cohen, the most bullish investment strategist on Wall Street this year, will stop making Standard & Poor's 500 Index forecasts for Goldman Sachs Group Inc.

==> 2008 was not the best year to be the most bullish. But did she, has she, stopped making forecasts?

May 16, 2008: 2009 will be year of growth.

==> Uh oh. What's the definition of "stop making forecasts?"

Jan 4, 2009: 2008 Predictions Gone Awry. On the prestigious Barron's 2008 Roundtable, prominent Wall Street analyst Abby Joseph Cohen predicted the Dow would end the year at 14,750. (It finished at 8,776.)

==> My math teacher used to say, "Close only counts in horseshoes and hand grenades." That call would help in neither.

Jan 1, 2009: Leading the bulls is Abby Joseph Cohen of Goldman Sachs. She's calling for a big jump in the S&P 500 index, to end the year at 1,150. Cohen expects the market leaders to be energy and technology and she thinks U.S. stocks and high-quality corporate bonds will pay off when the economy stabilizes, around midyear.

==> I think that's what we're hoping, right? Lets hope Abby is right this time.