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Doll: Major Stock Market Decline Highly Unlikely

Equities aren't overvalued compared with cash and bonds, and probable earnings growth and central bank support should keep valuations afloat, says Nuveen's chief equity strategist.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. I'm joined today by Bob Doll; he's the chief equity strategist at Nuveen Investments. We're going to look at equity valuations and if it's too late to put money to work in the stock market.

Bob, thanks for joining me today.