BlackRock CEO: U.S. Stocks Still Cheap

BlackRock Chairman and CEO Laurence Fink said on Wednesday he still believes U.S. equities are attractive even with their solid rise so far this year. "We still have a long ways to go to make equities look expensive," Fink, who heads the $3.51 trillion asset management firm BlackRock, told an audience at the Council on Foreign Relations. The benchmark S&P 500 index - which closed above the May 2011 intraday high of 1,370.58 on Tuesday - is up more than 9 percent this year Continue reading this article

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