Step Aside, Elaine. Now, The Big Name Is Abby

Cohen called the 6000 Dow and currently forecasts 6400

Investors were already getting skittish when strategist Abby Joseph Cohen of Goldman, Sachs & Co. offered an upbeat forecast for the second half of 1996. In her July 2 report, she argued that good corporate earnings and a benign interest-rate backdrop would send the Standard & Poor's 500-stock index to 700, or 6000 on the Dow Jones industrial average, by yearend. At that point, the Dow stood a little above 5700.

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