Comments on: “PANIC BUYING” COULD RESULT IN LARGE SELL-OFF http://pragcap.com/panic-buying-could-result-in-large-sell-off Sat, 26 May 2012 01:42:15 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Rob http://pragcap.com/panic-buying-could-result-in-large-sell-off/comment-page-1#comment-4295 Rob Thu, 06 Aug 2009 05:33:08 +0000 http://pragcap.com/?p=7182#comment-4295 A flash from the past.....S&P 500 earnings were $17.02 in Q208. Abby's 1,400 call put a 20.5 multiple on that quarter's earnings. Goldman is being more conservative this year. Q209 earnings will probably be about 14. The 1060 call is only an 18.9 multiple. Slower earnings growth ahead. The call last year came just in time for Goldman to start selling. Goldman's Cohen sees S&P 500 fair value at 1,400 Mon Jul 14, 2008 8:39am EDT NEW YORK, July 14 (Reuters) - The fair value of the Standard & Poor's 500 .SPX, the broadest gauge of major U.S. stocks, is at 1,400, based on a 6 month to 12 month view, Abby Joseph Cohen, Goldman Sachs' senior investment strategist, said on Monday. "Our strategy team's sense is that in 6-12 months, fair value in the S&P 500 is on the order of 1,400," she told CNBC television. The S&P 500 entered a bear market last week, falling more than 20 percent from its Oct. 9, 2007 record close of 1,565.15. On Friday the index ended at 1,239.49. A flash from the past…..S&P 500 earnings were $17.02 in Q208. Abby’s 1,400 call put a 20.5 multiple on that quarter’s earnings. Goldman is being more conservative this year. Q209 earnings will probably be about 14. The 1060 call is only an 18.9 multiple. Slower earnings growth ahead. The call last year came just in time for Goldman to start selling.

Goldman’s Cohen sees S&P 500 fair value
at 1,400
Mon Jul 14, 2008 8:39am EDT
NEW YORK, July 14 (Reuters) – The fair value of the Standard & Poor’s
500 .SPX, the broadest gauge of major U.S. stocks, is at 1,400, based on a 6
month to 12 month view, Abby Joseph Cohen, Goldman Sachs’ senior
investment strategist, said on Monday.
“Our strategy team’s sense is that in 6-12 months, fair value in the S&P 500
is on the order of 1,400,” she told CNBC television.
The S&P 500 entered a bear market last week, falling more than 20 percent
from its Oct. 9, 2007 record close of 1,565.15. On Friday the index ended at
1,239.49.

]]> By: James http://pragcap.com/panic-buying-could-result-in-large-sell-off/comment-page-1#comment-4291 James Thu, 06 Aug 2009 04:02:14 +0000 http://pragcap.com/?p=7182#comment-4291 I think everyone knows the markets are ahead of themselves. Some may argue they are 2000pts ahead. I think everyone knows the markets are ahead of themselves. Some may argue they are 2000pts ahead.

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