Have the financial markets become more stable? Is a sense of equilibrium returning to the global financial system? Several widely followed measures would seem to indicate yes.
Bob Doll is a widely followed strategist and portfolio manager, an unusual combination at major Wall Street firms, who has excelled in both disciplines. We began the interview by asking Bob to step way back from the noise of the day and share his longer term views of where we are and where we are heading. My first question was why, after the worst decade since the 1930’s, he is predicting that stock returns in this decade will be in the high single digits.