Saturday, January 9, 2010

Bob Doll on 2010 and the next Decade

Bob Doll head of Blackrock equity investment provides his annual forecast and adds his expectation for the decade ahead as well. Bob has been very good at this and his view should be considered. (Blackrock manages 3.2 Trillion)
The entire document can be found HERE. I include a brief summary but you should read the narrative.
Predictions for 2010 – and the Next Decade -- by BlackRock’s Bob Doll:
BULL MARKET WILL CONTINUE IN ‘10,
BUT PACE OF GAINS WILL BE “MORE MUTED”
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US Economy Grows Above Trend,
But at a Slower-Than-Normal Recovery Rate;
US GDP Grows By More than 3% in New Year
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Corporate Earnings and Recovery’s Pace,
Not Stimulus Measures, Will Be Key Market Drivers
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The Outlook for the Next 10 Years:
Stocks Return 6 to 8% Annualized on Average;
Recessions Become More Common
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Thanks to Prieur du Plessis who has a fine post on this subject.


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