Famous Goldman Sachs Group Inc. (NYSE: GS) market analysts Abby Joseph Cohen has forecast that stocks could rise 10% to 15% in 2013. Given the market’s performance over the past three years, that should be possible. While the federal government’s failure to settle issues could hurt the economy, Cohen says that underlying fundamentals are fine. CNNMoney reports that Cohen believes:
Americans are carrying less personal debt as a percentage of their income than anytime since the 1990s, Cohen said. Large corporations have excess cash thanks to strong fundamentals and because they’ve been able to borrow money in an environment of low interest rates.
Moreover, the U.S. has been reducing its debt relative to its growth domestic product during the past few years. She noted that debt was 4% of GDP for the fiscal year that started in October compared to an 11% ratio in 2008.
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
