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Stock impact report

BlackRock CEO Larry Fink: 'The market will be higher in 10 years' [DailyFinance (AOL.com)]

BlackRock, Inc. (BLK) 
Last blackrock, inc. earnings: 4/16 06:02 am Check Earnings Report
US:NYSE Investor Relations: ir.blackrock.com
Company Research Source: DailyFinance
BlackRock ( BLK ) CEO Larry Fink is bullish about the long run. “The market will be higher in 10 years,” Fink said at Yahoo Finance’s All Market Summit event in New York. He reflected on the darkest days of the financial crisis, which happened ten years ago, to illustrate that markets tend to recover even after things go horribly wrong . “If you bought equities two days before Lehman Brothers collapsed, your portfolio is up…I think it’s up 130%,” he said. The CEO of the world’s largest asset manager, famous for his belief in long-termism, gave his prediction not without concerns, chiefly that the U.S. could potentially lose its position of owning and controlling the world’s choice reserve currency should China benefit from the U.S.’s current unilateral agenda. As for the short term, Fink said that despite trade concerns and political instability around the world, markets would likely continue going strong. “I’m not really concerned about whether we’ll see Show less Read more
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