Joseph Cohen
Joseph Cohen
Joseph Cohenwas a Canadian lawyer, academic, and politician...
fears recession year
recession fears are unwarranted for this year and the next.
correction intense might united volatility
The volatility has been more intense than we might have expected, ... in the United States, that correction has really been overdone.
coming control direction extent government increased indeed investors iraq level relieved seem situation soon toward unfold
It is too soon to know how the situation in Iraq will unfold in the coming months, and the extent to which the new government can indeed control the country, ... But, for the present, investors seem relieved that the direction is not toward an increased level of U.S. involvement.
economy inflation investors profits rearing ugly
Investors are recognizing the fundamentals are still terrific, ... Profits are sound, the economy is growing. Inflation is not yet rearing its ugly head.
markets today
Today the markets are already priced for imperfection,
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,
backdrop believe technology
We believe that the backdrop for investments in technology is favorable,
catching pleased rest
We are pleased that the rest of the world is catching up.
conclusion continue expect forecast growth principal profit
The principal conclusion is that we expect profit growth to continue through our new forecast horizon,
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,
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,