Wednesday April 5 12:13 PM ET
Goldman's Cohen Still Optimistic About U.S. Stocks
By Arshad Mohammed
WASHINGTON (Reuters) - Top investment strategist Abby Joseph Cohen
opened a White House conference on the ``new economy'' on Wednesday with a
ringing endorsement of U.S. stocks despite a week of wild gyrations on Wall
``Many of you know that my day job is as a stock market strategist and for the past decade we have been
enthusiastic about the outlook for U.S. stock prices ... and we remain so,'' Cohen, who chairs the investment
policy committee at Goldman Sachs Group, told the gathering in the White House East Room.
Cohen, who is one of the most influential strategists on Wall Street, depressed stock prices last week by
trimming the proportion of assets she advises clients to keep in stocks.
Her comments to the conference, called by President Clinton to discuss how to keep the record U.S.
expansion going, may have helped buck up the U.S. stock market, which fell at the opening bell and then
gradually recovered before falling some again.