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Bob Doll Discusses His Outlook for the Stock Market
Posted by: Dheeraj Grover (IP Logged)
Date: December 5, 2012 10:47AM
Newly appointed chief equity strategist of Nuveen Asset Management, Bob Doll (ex-Blackrock chief), was on Bloomberg to discuss his outlook for the U.S. stock markets. He discusses his views on the impact of the fiscal cliff on investor sentiment.
-- Keep invested in the market; all the negative sentiment is priced into the market already.
-- Market will be in trendless mode till uncertainity related to the fiscal cliff is not resolved.
-- Uncertainty stifling business spending, leading to muddling economy.
-- The economy in the U.S. and the world is not growing fast but is still positive and muddling through.
-- Balance in the portfolio is key in this kind of market; include defensive plays into your portfolio (health care) along with cyclical plays.
Credit and source: www.bloomberg.com
Here is the video:
Stocks Discussed: SPY, DJI, QQQ,