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From The Opalesque Team: BlackRock’s Bob Doll, lead Portfolio Manager of BlackRock’s Large Cap Series Funds currently anticipates the US economy reaching an inflection point. Citing rising housing starts and retail sales Doll suggests that there is a chance some parts of the economy may be bottoming.

“This does not suggest that the economy is about to recover, but it does point to a degree of stabilization and a potential end to the severe rates of decline,” Doll wrote in a report released Monday.

As equity markets rose (the DJIA soared 6.8% on Monday), investors continue to hold their breath to see if the current, extended climb is the start of an actual recovery or simply a bear market rally. Either way, Doll expects to see additional “back and forth action” and a continuation of the rally (albeit at a slower pace).

“At present we believe there is some probability that we will witness the start of an economic recovery by the end of the year that could lead into sub par, but positive, growth in 2010,” Doll said.

Attractive longer term values cited by Doll include equities, especially “when compared to cash or to a 2.5% Treasury yield.”

Potential partner in Toxic Debt Plan BlackRock, which with approximately $1.31tn in assets under management, is the biggest publicly traded asset manager in the United States. It is also one of the potential private investors the government is targeting to participate in the plan to recov......................

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