U.S. stocks are priced at “very low levels” because investors are nervous about earnings, inflation, market volatility and the outlook for global growth, according to Goldman Sachs Group Inc.’s Abby Joseph Cohen.
Dec. 11 (Bloomberg) -- Abby Joseph Cohen, investment strategist at Goldman Sachs Group, Thomas Sandell, chief executive officer at Sandell Asset Management Corp., and Caglar Somek, a partner a Caravel Management LLC, participate in a panel discussion about strategies and outlook for 2013. Bloomberg's Deirdre Bolton moderated the panel at the Bloomberg Hedge Funds Summit in New York on Dec. 5. (Source: Bloomberg)
Abby Joseph Cohen , the Goldman Sachs Group Inc. strategist known for predicting the bull market in the 1990s, said that while the fundamental factors for a U.S. stocks rally are in place, greater optimism among investors is needed for an advance to begin.