Doll: Brief correction could be coming

BlackRock's Bob Doll believes equities could face a period of profit-taking in the near term due to the fallout from the Goldman Sachs charge and various signs of excess in the markets.

Doll remains bullish on stock markets prospects in 2010 however - believing the recovering economy, low inflation, strong corporate earnings and reasonable valuation levels should any ensure any correction will only be short-lived. The group's vice chairman and chief equity strategist for fundamental equities says the economic data continues to show the recovery is proceeding stronger than expected, with the massive global fiscal and monetary stimulus sparking growth beyond some of the most optimistic projections. When the recovery began, it was driven, primarily by a rebound in manuf...