Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

RSS FEED

» Help

Current DateTime: 03:34:18 25 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

Text Size
Jan.06
2:13 PM ET
Tuesday, 6 Jan 2009
Bob Doll on 2009: Bottoming, then Recovering
Posted By:Andrew Fisher

Bob Doll has made a dozen predictions for the economy in 2009, and, along the way, revealed what sectors he especially likes in the new year.

"We're in a bottoming process," BlackRock's vice chairman and global chief investment officer of equities told CNBC.  "Occasionally, you have to re-test bottoms before you finally make one on selling squalls; we would be an accumulator of stocks; we think when the year is said and done, riskier assets will outperform safe ones."

So here's Doll's list for 2009:

1.  U.S. economy faces first nominal GDP decline in 50 years,

2.  Global growth falls 2 percent.

3.  Inflation falls close to zero in many developed countries.

4.  U.S. Treasury curve ends year higher, steeper.

5.  Earnings fall by double-digit percentages,

6.  Bond spreads narrow.

7.  U.S. stocks record double-digit percentage gain.

8.  U.S. stocks outperform European stocks.

9.  Energy [.DJUSE  Loading...      ()   ], health care [.DJUHC  Loading...      ()   ], tech [.DJUST  Loading...      ()   ] sectors outperform.

10.  Volatility remains elevated.

11.  Oil bottoms and moves higher by year-end.

12.  U.S. federal budget deficit soars past $1 trillion.

Disclosures:

Disclosure information for Bob Doll was not immediately available.

Disclaimer

© 2009 CNBC.com

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 12:56:54 25 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 10:38:04 25 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 10:38:10 25 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 10:38:10 25 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters