Doll expects equities to excel in '08

Doll, the high profile BlackRock global equities CIO, expects equities to outperform other asset classes this year, despite the likelihood of further above-normal market volatility. In his annual Ten Predictions for the year ahead, Doll says it will be a “close call”, but the US should escape a recession. “Continued economic growth in the US will require export strength, reliance on strong balance sheets and income statements among non-financial companies, avoidance of significant employment layoffs, and an accommodative Federal Reserve. In our opinion, these factors are more likely to oc...