BlackRock Chief: Markets Will Be 'Fine'

Ted

FYI: (Click On Article Title At Top Of Google Search)
The Dow Jones Industrial Average slid another 2.4% Friday amid worries about China’s slowdown and declines in the price of oil. BlackRock Inc. Chairman and Chief Executive Laurence Fink said in an interview early Friday that the market is “going through a correction phase and is doing it rapidly.”

“Could we still see further erosion in the near term?” he added, “Sure.” But “over a 12-month period I think the markets are going to be fine, probably higher from where they are today.”
Regards,
Ted
https://www.google.com/#q=BlackRock+Chief:+Markets+Will+Be+‘Fine’+wsj

msf

"Could we still see further erosion in the near term?" he added, "Sure".

More completely:

Fink said markets will probably decline another 10 percent before rebounding in the second half, and oil may test $24 a barrel.

There’s “not enough blood” in the markets yet for a quick rebound, Fink said in an interview on CNBC.

http://www.fa-mag.com/news/blackrock-s-fourth-quarter-profit-rises-5-9--as-clients-add-cash-24634.html

heezsafe

It's like a warm hug from Daddy. "There may be more stormy seas, but then the waters will calm, and the Good Ship Lollipop will sail on, child, so dontcha worry now, ya hear?"

catch22

Mr. Fink has been a 100% equity fella from several years ago. Wonder if this is still the case or if he has re-balanced during the past 6 months or perhaps using options or inverse equity vehicles?