An investor today should be doing what an investor should always be doing, and that is thinking about what the economic environment is likely to be going forward. There is not a recession likely here anytime soon.
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is likely to regain some of its lost value in the months ahead.Joseph Cohen
We expect profit growth to decelerate in the second half of 2004,
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We live here in a jungle. I love the country of Israel. I know they have their own problems, but they need to pay attention to us.
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When we put all of these facts together, we conclude that the market today is roughly at fair value,
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Investors are recognizing the fundamentals are still terrific, ... Profits are sound, the economy is growing. Inflation is not yet rearing its ugly head.
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