US Stocks Could Rise Further; Double-Dip Less Likely: Cohen

Stock prices still have room to rise further, and recent economic reports show there is less chance of a double-dip recession in the US, well-known market guru Abby Joseph Cohen told CNBC Tuesday.

"The stock market is almost always a discounting mechanism that almost always moves in advance of the economy, but we don't think it has moved too far at this point," Cohen said in a live interview. Read more

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Traderone : Well there seem to be 2 camps -one saying that there will be a double dip and another no.