Blackrock Vice Chairman Bob Doll says 2010 will be positive for stocks but there could be bumps along the way.
Asked by CNBC if a 10 percent correction is possible, he said, "Yes I'd be surprised if we didn't see a 10."
Doll said the market could be due for a correction steeper than the shallow selloffs seen since the market's rally began in March.
He also said it may be that there are some bumps in the first half of the year in contrast to the popular expectation that the market sees smooth sailing early in the year but struggles later in the year. "It may be that it's more even," he said.
Blackrock's Bob Doll predictions for 2010:
Doll made the comment after the widely watched investment strategist briefed press on his 2010 forecast. He appeared on The Call today. Click here for the full interview.
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