Client Voices

BlackRock’s Bob Doll Makes the Case for U.S. Equities in a Challenging Economy in The Wall Street Journal

Robert Doll, vice chairman and chief equity strategist for fundamental equities at BlackRock and the lead portfolio manager for the BlackRock Large Cap Series, authored an op-ed for the opinion page of The Wall Street Journal on June 8, 2010 expressing positive outlook about the overall future of the American economy, despite the financial downturn, with a specific focus on U.S. equities.

“There is no question that we face formidable, long-term structural problems that make U.S. stocks less attractive for many investors,” wrote Doll. “But I believe that the spirit of innovation and entrepreneurship that has defined America in past crises will prevail again and propel our markets forward.”

In his opinion piece, Doll points out that despite a weak housing market and debt and deficit levels rising, the United States still remains better positioned compared to the rest of the world’s financial condition.

“When the markets faltered in 2008 and revenue growth stalled, U.S. companies moved decisively to cut costs—unlike their European and Japanese counterparts,” wrote Doll. “Now that recovery has taken hold, businesses are replenishing inventories and rehiring, corporations are expanding exports, and American consumers are responding better than most expected.”

To read the full article, click here.

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