Stick to equities despite huge run up: BlackRock

Robert Doll, Vice-Chairman and Global CIO of Equities, BlackRock, said the economy was likely to emerge from recession given the better than expected earnings.
He added that equities were still a good place to be in despite the run up. "There’s cash on sidelines, which shows scepticism for upside." Doll sees the US housing market bottoming out.
Meanwhile, Nouriel Roubini, Chairman of RGEMonitor.com said that better macro and financial fundamentals relative to other emerging markets would be a plus for Asian economies and asset markets during the recovery. “The dependence of China and India on foreign capital will keep growth below full potential even in 2010.”
“In India, domestic consumption will ensure growth of around 5.7% but Indian companies will have difficulty accessing external capital and investors.”