Constancy of purpose -- and some luck -- remain secret to success in markets Everything's so wonderful in the markets! And that's why it's so worrying
31st Dec 2005, 11:53 GMT
Abby Joseph Cohen, Goldman Sachs's top market guru, thinks 2006 will be the year the Dow Jones industrial average hits 12,000. Given her stature in one of the world's leading investment houses and in the media -- she has appeared in at least 2,600 news items since 2001 -- it's tempting to take that as a sure thing. Tempting, that is, until you realize she's been making similar forecasts since the late 1990s. Five years ago at this time, she was saying the Dow would soon reach 13,000. (INSIDER Edition subscribers only)
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