, vice chairman and global chief investment officer for equities at BlackRock
, got the chance to connect with almost 900 advisors on Friday at TD Ameritrade Institutional's
Partnership National Conference in Caesars Palace, Las Vegas. Speaking at the first session of the day, Doll outlined his 12 investment predictions for 2009, first published in January.
The picture Doll painted was not cheery in any sense. "We predict a deep and long recession," Doll said. He added that that is still better than a prolonged depression.
Doll also addressed comparisons that have been making rounds of the media for some time now. He said the current situation in the U.S. does not parallel either the Great Depression or the situation in Japan in the 70's for various reasons, ranging from unemployment numbers to inflation rates.
Wrapping up, Doll explained how BlackRock's predictions are applied within its funds.
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