Tom McKay

Abbey Joseph Cohen, Investment Strategist at Goldman says that value remains in the market despite it's recent rise. Price-earnings ratios are lower now than the last time stocks were near these levels and Companies right now are increasingly enthusiastic about the dynamism in the economy. Cohen said There's value in the market right now. The U.S. economy will likely grow faster next year. The S&P 500 today gained 0.8 percent to a record 1,782 in New York, surpassing a previous high set on Oct. 29 and heading for the steepest annual rally in a decade. Cohen's forecast for the gauge to reach 1,900 by the end of 2014 matches the median estimate in a Bloomberg news survey of strategists this month. (VIEW LINK)


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