Bob Doll Says No Double Dip

While the markets are abuzz on the growing fears of ‘double dip’, Bob Doll, vice chairman and chief equity strategist with BlackRock, has claimed that such fears are unfounded.

In an interview with CNBC he stated that double dips do not happen often, especially when the economy is on the improvement path. He said, “Double dips don’t happen all that often as long as we have the economy improving, interest rates low, the yield curve steep, leading economic indicators pointing higher, earnings improving, and jobs improving.”

He said that there is very low probability of a double dip happening. He said, “2008 financial crisis was like living in earthquake-prone zones and we’re going to have a bunch of aftershocks.”