Doll: What will it take for US investors to buy their own stocks?

BlackRock's Bob Doll said stock prices need to rise and bond prices need to fall before American investors will buy US stocks again.

The group’s chief equity strategist said while stock prices have been climbing and the major markets have hit multi-year highs in recent weeks, government bond yields remain at record lows. “Stocks have doubled in the last three years but we need to bonds go down in price, and we have not seen that yet.” Doll said although equities have risen substantially since October, they are still very cheap, echoing comments from former Federal Reserve Chairman Alan Greenspan. Speaking during a week in which the Dow closed at a four-year high, Greenspan quashed concerns the market is trading tow...