Look out below! Abby Joseph Cohen predicts S&P at 1100 year end...

[rfranklin]

Goldman strategist says S&P could hit 1,100 this year

BOSTON (MarketWatch) -- Abby Joseph Cohen, Goldman Sachs' celebrity market strategist, during a television appearance Thursday said the S&P 500 Index may rise as high as 1,100 this year, although she warned the recovery could be choppy.

"We do think the new bull market has begun," Cohen told the cable channel CNBC. "It may prove that it began in March. Clearly many people were looking for better signs on the economy, and now we're getting them."

--more--

http://www.marketwatch.com/story/goldmans-cohen-says-sp-may-hit-1100-this-year-2009-08-06

from Wikipedia--

She is famous for predicting the bull market of the 1990s early in the decade. However, she failed to predict the dramatic stock market decline of the early 2000s and developed a reputation as a so-called "perpetual bull" and was ridiculed for her continuous bullish predictions after March 2000 as market index fell. Her reputation was further damaged when she failed to foresee the great crash of 2008. On a CNBC appearance in March 2008, she predicted S&P 500 at 1550 by end 2008.

In an August 10, 2007 appearance on CNBC Abby Joseph Cohen predicted the S&P 500 would rally to 1,600 by December.

In December 2007 Abby Joseph Cohen predicted the S&P 500 index would reach 1,675 in 2008. The S&P 500 traded as low as 741.02 by November 2008.

On March 8, 2008 Goldman Sachs announced that Abby Joseph Cohen was being replaced by David Kostin as the bank's chief forecaster.

[elleng]

1. I've WONDERED where she's been!