See fair value for S&P 500 at 900: Goldman Sachs
March 25th, 2009
bby Joseph Cohen, President, Global Markets Institute, Goldman Sachs, see 900 as fair value for the S&P 500. His 12-month target for the same is 1,000. He feels there is good opportunity for long-term investors as shares available at low price to earnings.
According to him, lower levels of inventories will eventually lead to a recovery.
John Bogle, Founder and Former CEO, The Vanguard Group, said the total capitalisation of US stock markets and order book of companies is in a better shape. He sees the US economy rebound by 2010.