Goldman Sach's Cohen: S&P 1050 In A Year

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The S&P 500 could hit 1,050 within the next year even as the economy struggles to recover, Goldman Sachs analyst Abby Joseph Cohen told CNBC. As the stock market improves, GDP probably will turn positive by the second half of 2009, but only modestly as it registers gains of 1-2 percent. "The S&P and the Dow will be moving like a staircase," she said. "We've seen a 35 percent lift from the bottom and we may be stuck here for a while in a higher trading range as we await more fundamental news."

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