August 6, 2009 / 3:52 PM / 9 years ago

Goldman Sachs' Cohen says new bull market has begun

NEW YORK, Aug 6 (Reuters) - The new bull market in U.S. stocks has begun and possibly started in March, Abby Joseph Cohen, chairwoman of the investment policy committee at Goldman Sachs and Co, said on CNBC on Thursday.

    “We do think the new bull market has begun,” she said. “It may prove it began in March of this year.”

    Cohen sees the Standard & Poor's 500 index .SPX at between 1,050 and 1,100 toward the end of this year. She also said it appears job losses are slowing but that she sees many more months of "difficult labor situation ahead."

    Reporting by Caroline Valetkevitch, Editing by Chizu Nomiyama, caroline.valetkevitch@thomsonreuters.com +1646 223 6393

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