Bob Doll's 10 predictions for the next decade

BlackRock veteran Bob Doll predicts the US stock market could achieve annualised returns of 8% over the next decade.

Doll, the group's vice chairman and chief equity strategist for fundamental equities, says U.S. equity returns will lead the developing world, outpacing other established markets because of stronger secular growth, more shareholder-friendly management and fewer structural problems. "Many investors want to forget the last 10 years, which featured the two worst bear markets since the Great Depression," Doll says. "We are not likely to see double digit stock returns in the coming 10 years, due to ongoing deleveraging and significant structural problems. But two disastrous market decades ...