Last week’s stock market decline may be the low from which the market will rebound from, according to BlackRock’s chief equity strategist Bob Doll.
Overall, last week’s early sell-off and rally left the markets down between 1.5% and 3%, but Doll remained optimistic in his Monday commentary. Despite the turmoil in the Middle East and the potential for nuclear catastrophe in Japan, he wrote, “our assessment is that none of these risks have yet derailed or will derail, the global economic recovery or the longer-term bull market in equities.”
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