. >> we will talk exclusionively to goldman sachs' abby joseph cohen. where does the economy fit into her picture? keep it here on "the call."st see in the history of professional tennis. so i've come to this court to challenge his speed. ...on the internet. i'll be using the 3g at&t laptopconnect card. he won't so i can book travel plans faster, check my account balances faster. all on the go. i'm bill kurtis and i'm faster than andy roddick. (announcer) "switch to the nations fastest 3g network" "and get the at&t laptopconnect card for free". shopping online can help save. doing it with bank of america can help save a lot more. up to 20% cash back from over 300 online retailers with our add it up program. just sign up and use your bank of america debit or credit card when you shop online. it's one of the many ways we make saving money in tough times a whole lot easier. >>> okay, retail sales coming in better than expected. economists raising their forecasts and our hopes, by the way, for the third quarter. now the monthly jobless number is about to hi

earlier today on "the call" goldman sachs investment person abby joseph cohen said the bottom we saw a few months ago was the start of the next bull market. >> we do think that the new bull market has begun. it may prove that it began in march of this year. clearly, many people were looking for better signs on the economy, and we're now getting them. >> how much further does this market have to go? do these folks agree with abby joseph cohen with larry kudlow, who thinks we've also started a new bull market? here to break down today's trading action and give us their take, eric maranaki and john derek, director of research with u.s. global investors. good to see you. >> good to see you, michelle. >> eric, do you agree, is this the start of a new bull market? >> i think so. we've had two years of very tough performance and the decks were cleared in march and companies are reporting good earnings. and if you look at earnings revisions and the level of outperformance for the last three weeks now that earnings season's largely done, we've had two times what the average has been in terms

that, according to the president of its global market institute, abby joseph cohen. >> we do think that the new bull market has begun. it may prove that it began in march of this year. clearly, many people were looking for better signs on the economy and we're now getting them. >> cohen now things that the year-end target for the s&p is around 1,100. joining us now to discuss is albert william and kim doe. howard, let's start with you. it seems as though over the last week or so people have become very bullish on this market, as much as everyone was skeptical that this was just a bear market bounce, a lot of people like abby joseph cohen are convinced this is a real thing. what do you think? >> i've seen it, i felt it, i'm afraid i disagree with it. i worry about bulls being still born and this may well be the case. i am extremely concerned about nasty inflation. at some point, we have to have an exit strategy. we haven't got that exit strategy from the stimulus packages that both got faired and the various central banks around the world have made. they've done a fantastic job. they hav

you know who else is optimistic, abby joseph cohen on cnbc today. here's what she had to say. >> 1050 to 1100 range is where we should be towards the end of this year. keep in mind that profits are in the process of recovering. a lot of noise in those data because of write-offs and so on. but we believe that a reasonable number for next year is something like $75 per share, and so at 1050 on the s&p 500, that is just about 14 times earnings. we do think that achievable. >> and the key here is she's talking about pes, essentially a bull market that began in march. jerry, you're looking at pes but copping out with a different interpretation? >> i do. right now look at where we are. 2010 is five months away. the average pe is right around 18 times earning. i think 75 cash a little rich. abby is great at what she does. i'm a trader. i can tell you the market say bit overbaked and we are also seeing a lot of flip buying right now in texas instruments, if we're talking tech as well. a lot of people aren't feeling so sure at these levels. i got to tell you

abby joseph cohen greg with larry this is the new bull market. how can you profit from it? investors share the bull strategies. here to date. what's working for the online jewelry retailer. the company's ceo joining us live. the cnbc exclusive interview only here on "the call." taking its rightful place in a long line of amazing performance machines. this is the new e-coupe. this is mercedes-benz. in the north of england to my new job at the refinery in the south. i'll never forget. it used one tank of petrol and i had to refill it twice with oil. a new car today has 95% lower emissions than in 1970. exxonmobil is working to improve cars, liners of tires, plastics which are lighter and advanced hydrogen technologies that could increase fuel efficiency by up to 80%. >>> look at the market now. 9400, coming up on the great jobs number. they said, watch the jobs number come in lighter than expected and the market doesn't rally. that shows you it's not for real. that's exactly the opposite. number came in better than expected and the market is on fire. >> and a strong dollar to

. >>> also coming up this morning, on the call, abby joseph cohen of goldman sachs at 11:20 eastern time hour, andy roddick has the fastest serve in the history of professional tennis. so i've come to this court to challenge his speed. ...on the internet. i'll be using the 3g at&t laptopconnect card. he won't so i can book travel plans faster, check my account balances faster. all on the go. i'm bill kurtis and i'm faster than andy roddick. (announcer) "switch to the nations fastest 3g network" "and get the at&t laptopconnect card for free". fidelity, traders learn from the pros. say you want to backtest an entire portfolio of stocks. market experts show you how through fidelity's extensive trading knowledge center. and fidelity gives you free research from 15 independent firms, with accuracy scores... to help you decide which analysts to trust. find out why more and more active traders are turning to fidelity for a smarter way to trade online. trade like a pro. trade with fidelity. mr. evans? this is janice from onstar. i have received an automatic signal you've been in a front-end cras