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The next big move in the bond market will be down," says Goldman's Abby Cohen, speaking at the...
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Wednesday, December 5, 2012, 9:56 AM ETThe next big move in the bond market will be down," says Goldman's Abby Cohen, speaking at the Bloomberg Hedge Fund Conference. Trotting out the same report she seems to use every year, Cohen says the S&P will rise 10-15% in 2013. She's particularly bullish on what she says are cheap European valuations.
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cliff the following will occur:
1. Precious metals will rise quickly anticipating a bond debacle,
degrading, and U.S.credit rate lowering.
2. Dividend paying stocks will be the only game in town with
mountains of cash sitting on the sidelines and corporations
buying back stock plus continuing to issue special dividends
in an opportunity limited investment economy
3. Europe will probably snap back as Abby says as it has been
in it's own recession and funk and is due for some gains based
on being the only other game in town along with U.S. high
dividend paying stocks.
4. Government Bonds and some munis will trash except for
high yield, higher quality issues in any government.
linked to stocks both U.S and European.