BlackRock's chief equity strategist Bob Doll expects to see yields on treasuries rise, the eurozone crisis ease, and US equities deliver double-digit returns in 2012.
Doll acknowledged the breakup of the eurozone remains the largest global risk, threatening to tip the entire developed world and even the emerging world into a new recession, but his outlook for 2012 is not all doom and gloom. "We do not need Europe to solve all of its problems in 2012 for the world to achieve an ‘okay' year," Doll said. "Since there is already such a significant ‘crisis premium' baked into the markets, just avoiding disaster could be enough." Doll expects the US economy will "muddle through" 2012, boosting markets worldwide, and he is confident US equity markets will...
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