“The strong market run of early 2012 might not continue, but investors should stay long stocks, says Bob Doll, chief equity strategist for fundamental equities at investment firm BlackRock.
The U.S. economy is likely to “muddle through” and, despite the unlikelihood of ever-improving economic data, stocks will remain a good bet, Doll writes in his weekly commentary.
Corporate earnings should close ahead of expectations and the problems in Europe, while significant, will continue on a path of central bank policy actions and slow government reaction to crises as they happen. That is creating a “risk on, risk off” environment, but one that investors should continue to buy, Doll contends….”
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