10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Once a decade discount

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Bob Doll Discusses Debt Ceiling, US Economy in 2013 and Investment Strategy

January 11, 2013 | About:
Dheeraj Grover

Dheeraj Grover

18 followers
Bob Doll, ex-CIO of BlackRock and current chief equity strategist at Nuveen Asset Management, was on Bloomberg to discuss his views on upcoming debt ceiling talks, U.S. fiscal situation, his outlook for the U.S. economy and his investment strategy going into 2013.

-- Story for 2013 is more of the same as it was in 2012 - muddle-through economy, good strength in corporate earnings but not great, and bit less concern that world will fall apart.

-- Europe on the mend, so will get less negative headlines about Europe in 2013.

-- Problems in U.S. such as debt ceiling, etc., will weigh for the time being but at the end of the day politicians will be able resolve and reach consensus on most of the issues.

-- Doll sees $2 trillion to $3 trillion 10-year budget deal in 2013: Corporate earnings have done much better than the GDP.

-- U.S. is okay but not great.

-- Industrials will continue to do better.

Credit and source: Bloomberg, www.bloomberg.com

Here is the video:



About the author:

Dheeraj Grover
I 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

Rating: 5.0/5 (1 vote)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK