Stick to equities despite huge run up: BlackRock
July 30th, 2009
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Robert Doll, Vice-Chairman and Global CIO of Equities, BlackRock, said the economy was likely to emerge from recession given the better than expected earnings.
He added that equities were still a good place to be in despite the run up. “There’s cash on sidelines, which shows scepticism for upside.” Doll sees the US housing market bottoming out.