Cohen: Think Long-Term

Goldman Sachs’ Abby Joseph Cohen says many investors have become too short-sighted, and says that “long-term, there are some very good values out there.” Cohen tells Bloomberg that a lot of the uncertainty out there is already priced into the market, and she thinks stocks are priced to return 8% to 10% per year for the longer term. She thinks the U.S. is still in a slow recovery and doesn’t see an economic “Armageddon” coming, and thus thinks that bond yields won’t get much lower. She also talks about the outlook for Corporate America.