BlackRock Inc. (BLK)'s former CEO and current Senior Advisor, Bob Doll, was on CNBC to discuss his outlook for the US stock market. He thinks investors should take advantage of the market's current weakness and should take more positions in equities.Highlights:
-Revenue growth patterns are sloppy but most of the weakness is coming from outside the US exposures.
-Political uncertainty will also keep cap on equities in the stock market.
-There is not going to be global recession.
-Current weakness is short term and investors should add to their positions.
-Equities are inexpensive and under-owned
Credit and Source: www.cnbc.com, CNBC
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