Joseph Cohen
Joseph Cohen
Joseph Cohenwas a Canadian lawyer, academic, and politician...
backdrop believe technology
We believe that the backdrop for investments in technology is favorable,
america backdrop continue course economic expect global moderate offer profit stay
The global backdrop in 1999 will continue to offer impediments, but we expect Supertanker America to stay its course of moderate economic and profit growth,
asia bit economy hurts strong weakness
I think it was more of an excuse, ... Weakness in Asia just hurts a strong economy a little bit around the edges.
fears recession year
recession fears are unwarranted for this year and the next.
appears earnings following operating percent performance rose second share similar
It appears that operating earnings per share rose 6 percent to 7 percent in the second quarter, following a similar performance in the first.
changed corporate economy economy-and-economics recent specific
Little of a fundamental nature, specific to the U.S. economy or corporate performance, has changed in recent weeks,
markets today
Today the markets are already priced for imperfection,
continue economic expansion expected good grow inflation profits stay stocks year
We had expected that 1999 would be a good year for the economy, profits would grow and inflation would stay under control, ... If that's right, 2000 should be yet another year of this economic and profit expansion and stocks should continue to rise.
conclude facts fair market roughly today
When we put all of these facts together, we conclude that the market today is roughly at fair value,
catching pleased rest
We are pleased that the rest of the world is catching up.
currently emphasis integrated moderate number oil services small
We are currently advising a moderate overweight, with an emphasis on oil services and a small number of integrated producers,
attention brazil consequences direct economic focused global investor quite recently states three united
Global investor attention has recently focused on three nations: Russia, Brazil and Venezuela. The direct economic consequences for the United States are quite small,
accept aggressive approach economic investors seeds view
When investors come to accept the view that the seeds for economic reinvigoration have already been sown, a more aggressive approach will be appropriate,
due expect following industry notable quarters recent
We expect the DJIA to outperform the S&P 500 in 1999, following notable under-performance in many recent quarters due to differences in industry composition,