Turbulence in the US has been massive. As a result, the economy has been seeing a slowdown. Despite this, Robert Doll of BlackRock doesn't expect QE3. "The economic recovery in the US is likely to be slow, however, chances of it seeing a double dip is doubtful," he added.
Talking about the markets there, he said, they were in correction mode. "S&P 500 may breach 1,250 on the downside," he said adding that the trading range for S&P 500 is at 1,250-1,350.
Though emerging markets are still struggling with inflation, Doll sees exciting long-term opportunities in India. "Investors would be skittish about equities globally," he stated.
source-moneycontrol
Stevenson
Management trainee-fundamental analyst
Denip consultants Pvt Ltd
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