The "fair value" for the Standard & Poors 500 Index .SPX of top U.S. companies for the end of 2008 was 1,675 points, up from around 1,460 now, Cohen said.
The Dow Jones industrial average .DJI would be around 14,750 at the end of next year, compared with just over 13,000 now, she estimated.
Cohen told the paper that the trend in U.S. inflation would remain moderate. Central banks did not have to worry about wage increases and could concentrate on the current problems on financial markets.
The poor complain - they always do,
But that's just idle chatter!
The system brings rewards to all.
At least to all that matter!