Robert Doll, BlackRock, and Rex Macey, Wilmington Trust talked to CNBC today on investing.
Doll states that the economic numbers demonstrated that we are not in a double dip, but rather in a slow recovery. That is the reason behind the recent rally.
He advises investors not to chase stocks: if you do not own any stocks, you should own some. Because of the market run-up, it does not make sense to chase stocks. He think stocks will be in trading range in short term.
There is a generation of investors soured on the stock amrket and they are not coming back to stock market any time soon. To that, Doll thinks it is a good thing. It allows investors to pick up some shares cheap. Eventually the dis-hearted investors will come back.
Using flat market experience 1966 to 1982 to illustrate his point, if the market goes nowhere between 2000 and 2006, we are actually in for a decent single digit return from here to 2006, so said Bob Doll.
Doll states that the economic numbers demonstrated that we are not in a double dip, but rather in a slow recovery. That is the reason behind the recent rally.
He advises investors not to chase stocks: if you do not own any stocks, you should own some. Because of the market run-up, it does not make sense to chase stocks. He think stocks will be in trading range in short term.
There is a generation of investors soured on the stock amrket and they are not coming back to stock market any time soon. To that, Doll thinks it is a good thing. It allows investors to pick up some shares cheap. Eventually the dis-hearted investors will come back.
Using flat market experience 1966 to 1982 to illustrate his point, if the market goes nowhere between 2000 and 2006, we are actually in for a decent single digit return from here to 2006, so said Bob Doll.
