Well, I don’t know about you, but I didn’t see that one coming. Goldman Sachs senior investment strategist Abby Joseph Cohen thinks that stocks are going higher.
At the 14th annual USA Today Investment Roundtable, Cohen noted that the current stock market picture is “muddled”, but “nicer”, and still “a reasonably good environment” for investors.
She added that most people “are taking the point of view that the period of maximum risk has passed, but we do have risks ahead. It is more normal, but it is not normal.”
Based on this, I’d say things are definitely back to “normal”…
Tim Iacono is a retired software engineer and writes the financial blog “The Mess That Greenspan Made” which chronicles the many and varied after-effects of the Greenspan term at the Federal Reserve. Tim is also the founder of the investment website “Iacono Research” that provides weekly updates to subscribers on the economy, natural resources, and financial markets.