US stocks will post third year of double-digit gains - Doll

BlackRock's Bob Doll believes US equities will see a third consecutive year of double-digit percentage gains.

The group's chief equity strategist says improving economic conditions combined with fairly cheap stocks and increasing market confidence will drive equity returns. "The last time the stock market had three annual double-digit percentage gains in a row was the late 1990s and our view is that a double-digit percentage return again for 2011 is certainly possible," Doll says. "A combination of supportive fiscal and monetary policy, decent economic growth, low inflation, strong corporate earnings and decent valuations should be a recipe for stock prices to move higher in 2011. Retaining o...