Turbulence in the US has been massive. As a result, the economy has been seeing a slowdown. Despite this, Robert Doll of BlackRock doesn't expect QE3. "The economic recovery in the US is likely to be slow, however, chances of it seeing a double-dip is doubtful," he added.
QE3 detrimental for Indian fundamentals in long run: Ambit Talking about the markets there, he said, they were in correction mode. "S&P 500 may breach 1,250 on the downside," he said adding that the trading range for S&P 500 is at 1,250-1,350. Though emerging markets are still struggling with inflation, Doll sees exciting long-term opportunities in India. "Investors would be skittish about equities globally," he stated. Below is a verbatim transcript of Robert DollDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
