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Wednesday, June 24, 2009
A Goldman Outlook
For Abby Joseph Cohen,President of Goldman Sachs' Global Market Institute,preventing financial crises is a question of better and more effective regulation,as well as enhancing financial literacy.Our feeling is that the worst of the economic news is over,Ms.Cohen stated.Gross Domestic Product for Q2 will be -3,and barely positive for Q3-Q4.We're not expecting another spike in price,but a 900-950 S and P trading range.The time frame in investors' minds is getting longer.Those categories with some exposure to the global economy would be appropriate,Ms.Cohen said.
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