What does robert doll predict will happen with the stock market in the next year?”
is possible. Robert Doll, who manages $1.1 trillion as chief investment officer of global equities at BlackRock in New York, said he expects global economic growth to remain strong enough this year to support a 12 percent rally in the S&P 500 to a record 1549. “This isn’t going to lead to a major bear market,” said Doll. “Out of this will come some better buying opportunities.” Investors should shift out of riskier areas such as emerging markets and “slowly add” to holdings of the biggest energy and technology companies, he said. Doll cited Microsoft Corp., the world’s largest software maker, International Business Machines Corp., the biggest computer-services company, and Cisco Systems Inc., the biggest maker of Internet routing gear.
From an interview conducted with the Economic Times: Do you think the green shoots in the US economy are real? I do think they’re real. The caveat has to be: most of what we are seeing is less bad news as opposed to outright good news. We need some more good news. I think we’ll get there, but it’s going to be slow. But, sure, we have not emerged from the recession yet. It looks like we will emerge in the next few months. But, unfortunately the economic recovery is likely to be sub-powerful for a whole host of reasons. Can we be confident that the financial crisis is behind us? That concerns about bank capitalisation won’t return? Unemployment is likely to get worse, and surely, that will strain households’ ability to service mortgages and credit card debt. I think the main part of the financial crisis is behind us. But there are ripple effects that will be with us for some time. That is to say the epicentre, the crisis, the contagion… problems that we saw the last fall into the early
