BlackRock's Doll calls end to correction

BlackRock vice chairman and chief equity strategist Bob Doll has called an end to the worst of the current equity market correction.

Doll says given the magnitude of the recent currency and sovereign debt concerns, equity markets are more likely to be driven by the broad macro outlook rather than company-specific fundamentals. "This is usually the sort of environment where volatility remains high in both directions," he says. "It is important to remember that corrections during times of economic recovery are normal, but are often intense and quick. "Regarding the current correction, we believe the worst should be behind us in terms of the magnitude of the downturn, but it will likely take some additional time be...