Doll predicts rocky but positive US

BlackRock US equities guru Bob Doll has issued a bullish commentary predicting a rocky but positive U...

BlackRock US equities guru Bob Doll has issued a bullish commentary predicting a rocky but positive US market from now on. He said US equities will “grind higher” in the second half of 2008 thanks to global growth, stronger earnings and moderating inflation. And, the US could outperform other developed markets this year despite the fact GDP growth will stay “mired” in the 0-2% range, said Doll. “Stocks hit an important low in mid-March, and although they moved higher throughout much of April and May, they have suffered a recent setback in the face of higher oil prices, worries about in...