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Why a Double Dip Is Unlikely: BlackRock's Doll

Stocks rose on Monday as strong euro-zone industrial data helped calm worries about the debt crisis. Bob Doll, vice chairman and chief equity strategist at BlackRock, discussed his market outlook and the chances of a double dip.

“Double dips don’t happen all that often as long as we have the economy improving, interest rates low, the yield curve steep, leading economic indicators pointing higher, earnings improving, and jobs improving,” Doll told CNBC.

“I don’t think a double dip has a very high probability.”

Doll said the 2008 financial crisis was like "living in earthquake-prone zones."

“The big earthquake was late '08, early '09 and we’re going to have a bunch of aftershocks,” he explained.

“To me, Greece and Southern Europe were aftershocks...nowhere near the damage that occurred late '08, '09 when it almost all fell apart.”

Counterpoint:

Scorecard—What He Said:

  • Doll's Previous Appearance on CNBC (Jun. 9, 2010)

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More Market Views:

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CNBC Data Pages:

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CNBC Slideshows:

  • Cramer's 12 Stocks to Play the Recovery

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Monday's Top Dow Winners (as of this writing):

American Express

Alcoa

Pfizer

Microsoft

Boeing

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Disclosures:

No immediate information was available for Doll or his firm.

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Disclaimer