I agree! I didn't listen to him and stayed in the market until January 2000 (sweating bullets for the last 6 months).
But, the market (now in a bear) has been trotting out these bulls at least once a week to get us to stay in (or get back in) the market.
Just as the markets trotted out Metz, and some doofus who was a permanent bear (meaning all he did was short stocks). Cohen bases her prognosis on the same kind of analyses some of our fellow FReepers have been doing on this very thread. She could just as well be pushing bonds, since Goldman sells those as well.
But, then, bonds suck right now, too, don't they, as the slightest uptick on interest rates will drive them down too.
People who jump out of the market right now, and buy bonds will have the worst of all worlds: lose 20-25% on stocks, then lose 15% on bonds when the market rebounds.