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Wednesday, April 22, 2009
Kristin Graham :: Townhall.com Columnist
The Rally Isn't Done for Good
by Kristin Graham
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Poll
Was the Copenhagen Global Warming Summit Walk-Out a Win for the U.S.?


Until today, we'd seen an impressive rally in the markets. Yet one long-time money manager sees the potential for another 15-20% in gains even from the recent highs of the rally.

At least that's the return Bob Doll -- the highly-regarded Chief Investment Officer of BlackRock (NYSE: BLK) -- has high bets on. At a recent CFA luncheon, Doll outlined his predictions on how he believes the market will close out the year:

Probability

Recovery Evident

2009 S&P 500 EPS

Y/E S&P 500 Level

Normal Recession

10%

Mid-Year 2009

$70 to $75

1150 to 1250

Nasty Recession

70%

Year End 2009

$50 to $55

1000 to 1050

Deflation/Depression

20%

2010 +

$35 to $45 Continued...
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About The Author

Kristin Graham is a Motley Fool contributor.

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