Abby Cohen Demoted - To Stop S&P 500 Forecasts For Goldman Sachs

Ouch! Oh man … Here’s a casualty of the whole credit crunch & sub-prime mess that I bet many people will overlook:

Goldman Sachs Says Abby Cohen to Stop Making S&P 500 Forecasts (©Bloomberg)

Abby Joseph Cohen, the most bullish investment strategist on Wall Street this year, will stop making Standard & Poor’s 500 Index forecasts for [...]

Predicting The Stock Market

My biggest blunder: I have often turned bullish or bearish far too early. But it isn’t the botched predictions that bother me. It’s the fact that I pretended to have a crystal ball. — “After 1,000 Columns, This I Know…“, WSJ.com
Good stuff. So when the next hotshot fund manager or financial specialist or your “buddy” [...]

The Bear Market Is Dead

The Bear market is already dead.