ajtj99's Market Pulse

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Goldman Sachs’s Cohen Says S&P 500 May Surge to 1,050

The Standard & Poor’s 500 Index may jump 20 percent to 1,050 over the next six to 12 months as investors buy stocks trading at low valuations, said Abby Joseph Cohen, Goldman Sachs Group Inc.’s senior investment strategist.

“You could see the market sustain at these levels,” Cohen, 57, said in a Bloomberg Radio interview. “We’re going to set a new trading range much higher than the trading range in February and March.”

http://bloomberg.com/apps/news?pid=20601087&sid=aDBS5SWr2iDE&refer=home