Doll, who said he has sold "zero stocks" as a result of the uncertainty over the debt ceiling, said his position remains unchanged.
"We’re going to have a massive circus," he said. "It’s not going to be fun. In the 12th, maybe 13th hour we’ll get something done and we move on. Hopefully, it will be something substantial. If not, we’ll have to do something substantial down the line."
He added, "When Ma and Pa are watching their televisions sets and seeing...the chaos in Washington, it just doesn’t engender confidence."
However, as far as the market is concerned, it has been "a fantastic week for corporate earnings," with revenue growth up in the high single digits, he said. "That’s not so bad."
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Disclosure information was not available for Robert Doll or his company.