[The Standard & Poor's 500 Index will rise 14 percent by the end of next year to 1,675] as recession fears fade.
U.S. stocks will offer moderate gains and will dramatically outperform bonds over a 12-month horizon. Recession will likely be avoided, due to strength in exports and capital spending by corporations and governments, and thanks to a vigilant and flexible Federal Reserve.
~ Abby Joseph Cohen, Chief Investment Strategist, Goldman Sachs, "Goldman's Cohen Sees S&P 500 Rising 14% by 2008's End," Bloomberg.com, December 4, 2007
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