Let it never be said that Larry Fink
doesn't know how to make a point, or five or six or seven, on television.
The chief executive officer of BlackRock
sat before Bloomberg
television cameras and had plenty to say on a wide variety of subjects, including oversight of equities
, the Volcker Rule
, the health of the markets in general
, and the potential need for reverse great rotation
On the subject of the reverse great rotation, MarketWatch
quotes him telling Bloomberg
television that "We are going to start seeing pension funds selling equities and buying bonds. If people are going to have a formula as to how they do asset allocations, they have to stick with it. There is going to be some pressure into year-end on this rebalancing." However, he remained largely positive on the stock market."
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