CNBC Stock Blog
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Surprising Options Trades in TiVo Shares
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
- Art Cashin: Caution 'Growing' in Financials, Dividend Moves
- 3 Software Stock Picks from Lazard's Senior Analyst
MOST SHARED
- Dubai Fallout Is a Correction, Not Another Crisis: El-Erian
- 8 Retailers that Gain During the Holidays
- Finding the Holiday's Best Buys
- Banks Play Down Dubai Exposure, Investors Still Wary
- Charts: Dollar Could Fall to 80 Yen
- ING Prices Share Issue at Hefty Discount
- Shoppers Hit Black Friday Sales, Budgets Pared
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- 8 Retailers that Gain During the Holidays
- Farrell: What's Different On This Black Friday
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Dubai Fallout Is a Correction, Not Another Crisis: El-Erian
- Dubai's Debt Woes Signal New Era for Creditors
- Banks With The Biggest Exposure to The UAE
- Slideshow: The World's Biggest Debtor Nations
- US Dollar Rises Against Most Currencies—Except Yen
- Shoppers Hit Black Friday Sales, Budgets Pared
- Slideshow: Fantasy Christmas Gifts 2009
- EA Sports Hopes to Pump Up Sales With Pop-Ups
- Cheap Robotic Hamsters Are Holiday's Unlikely Craze
RSS FEED
Text Size 
Analysts will have to "raise their numbers" for 2009, said Bob Doll. The BlackRock vice chairman offered his optimistic market outlook to CNBC.
"I'm not going to pretend we're in a good economy; we're in a 'less bad' economy. But some [analysts] have gone too far to the negative side," Doll said.
"Two months ago, it looked like a black hole. Now, we have a much more balanced picture."
"As the [earnings] numbers are coming in for the first quarter, they continue to be less bad. We're getting a better picture on the topline. Cost-cutting helped; clearly, there's some reduction in inventory."
"That's a lot of the reason why investors are coming away from the zero-return cash items they had and buying some risk assets."
Doll conceded that such cost-cutting has inherent limitations: "Eventually, yes, we will have to grow the topline. But that will come with the massive stimulus and the exhaustion of, the reduction of, inventories."
____________________________
CNBC's Companies in the News:
General Motors [GM
Loading...
()
]
Chrysler (privately owned)
Bank of America [BAC
Loading...
()
]
JPMorgan Chase [JPM
Loading...
()
]
Berkshire Hathaway [BRK.A
Loading...
()
]
_____________________________
_____________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes