SAC's Cohen Says Stock Market May Pause
Fox Business Wednesday 11th May, 2011
SAN FRANCISCO -- Steve Cohen, head of hedge fund firm SAC Capital Advisors, said Wednesday that the stock market may pause for a while, after rallying strongly in the past eight or nine months. "It's been a pretty good run but I think it's going to pause here," Cohen said during the SkyBridge Alternatives Conference in Las Vegas. Cohen reckons economic growth may reach an annualized 4% in the second half of 2011, but he said he's "more worried" about 2012, when growth may slow because there could be a "fiscal drag."Copyright © 2011 MarketWatch, Inc.
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