Put all your money into stocks. Now!

That's what you'd do if you believe in the bull case: (NYTimes, 19 Jan - Saturday, after a week of big declines)

... Abby Joseph Cohen, the superbull at Goldman Sachs, maintained that the Dow would roar back to finish 2008 at a level 22 percent higher — 14,750 is the number — as the economy perks up later in the year.

Twenty-two percent annual return. That's freakin' amazing. But not unexpected from a perma-bull. They just can't ever see the downside.


posted by Quiddity at 1/22/2008 07:40:00 PM