BlackRock's Bob Doll: No Double Dip (VIDEO)

Jun 6 2011 | 8:33am ET

Despite recent economic data, the markets should not react to bearishly because the economy is not headed for a double-dip, says Robert Doll, BlackRock chief equity Strategist.

“We're in sloppiness near term and the market probably has more down side. I think it's very different from the scare we had and the double dip fears of last summer and fall,” Doll tells CNBC. “We've got credit spreads that are a lot narrower than they were. We've got money growth where we didn't. We actually have some commercial and industrial lending taking place. I'm not pounding the table for a strong economy, but I don't think we have a double dip.”

Original Airtime: Mon 06 Jun 11 | 07:00 AM ET

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