Bob Doll, Chief Equity Strategist at money manager BlackRock believes the fundamental foundations for the global economy should be sufficient to keep the recovery on track. "Our summary view is that we believe investors are overly pessimistic about the possibility of a renewed recession in the United States. It is important to remember that equity markets have a poor track record as acting as predictors of recessions and corporate fundamentals remain strong. Since 1950, the United States has never entered a recession with corporate balance sheets as flush with cash as they currently are."
