Bob Doll, senior adviser at BlackRock was on Bloomberg to discuss U.S. Stocks, stock market attractiveness and overall lack of confidence.
Here is what he said:
-- U.S. Economy: Not that bad, but we are not in recession. Lack of confidence is destroying the markets.
-- U.S. Corporations: In best shape in a decade. They had okay top-line growth and earnings have been good. Cash flows are even better and cash on balance sheets is huge.
-- Uncertainty with global economy and policy paralysis is leading to U.S. corporations hoarding cash to strengthen balance sheets.
-- S&P yield being higher than the 10-year Treasury shows all bad news is already reflected and it is attractive.
Here is the video:
About the author:
Dheeraj GroverI am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne