(Bloomberg) — The stock market faces the possibility of significant declines ahead of the U.S. election as economic and political unpredictability dumbfound strategists, according to Goldman Sachs Group Inc.’s Abby Joseph Cohen.“I’m quite concerned that there could be considerable downside,” depending on “factors that we can’t fit easily into our models,” the senior investment strategist said in an interview on Bloomberg TV. “This includes: What will the Congress do? What will the President say? And of course, the election outcome.”Cohen, who in the 1990s was the most famous equity strategist in America, pointed to “wide gaps” in valuations within the …read more
Source:: Yahoo Finance
