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BOB DOLL’S 10 FOR 2010

6 January 2010 by Cullen Roche 4 Comments

In continuation of a tradition he started at Merrill Lynch, Bob Doll, Vice Chairman of Blackrock and one of the largest equity managers in the world, released his 10 for 2010.  I have to admit, they are essentially in-line with the consensus.

  • S&P 500 rallies to 1250
  • Emerging markets outperform developed markets
  • U.S. outperforms other developed markets
  • Earnings growth of 20% Plus
  • U.S. economy grows at 3%
  • Job growth turns positive early in the year but unemployment remains high
  • Inflation remains low
  • Expects rates to rise across the curve
  • Stocks outperform cash and bonds
  • Overweight health care, tech and telecom — Underweight financials utilities and materials
  • M&A picks up because of strong cash flow and slow growth
  • GOP makes gains in House and Senate but Dems continue to control Congress

Source: BlackRock

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Comments
  • BGray

    Sounds just like B. Wiens from yesterday. Most analysts are stepping onto the same side of the boat again. That being said, 1250 on S&P is definitely doable when the better than expected earnings come out.

    01/06/2010 at 9:06 AM
  • boatman

    though i do like bob,if i was in his(and these other mainstream brokers) position i would say this too.this extended dead cat bounce is government greased,downsized feed,replacement inventory pushed,and financed by people that think equities are the only REAL investments(i talk about my currency,commodities trading to my relatives and friends they look at me like i’m an alien)

    when all this phony money blows up, i guess senator dodd will convene a committee (maybe jump back in his race.)

    this time the green wallpaper will collapse under its own weight.its gone exponential.

    01/06/2010 at 11:04 AM
  • boatman

    and oh yeah, they’re all in denial thinking we’re gonna get to within 10% of DOW all time high with no consumer or new housing……….we are in denial at 10555…….everyone i know who is in has one finger perminently on the sell button.

    its not gonna take much.

    01/06/2010 at 11:49 AM
  • Yallo

    This is perfect Wall Street group think

    Doll is like a closet S&P 500 indexer

    go with the consensus and if you are wrong then you can claim everyone was wrong.

    A big yawn.

    01/06/2010 at 1:15 PM