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Private Equity Guru Laurence Fink of BlackRock Sees Stock Market Rising 20% for 2013

March 20, 2013 | About:
CanadianValue

CanadianValue

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- Cyprus is a $10 billion issue, it reminds us that the European problems will take years to fully sort out, but it isn't going to be a big deal. There will be a solution, they just need to sort out the details.

- He thinks the European crisis is still only in the third inning. France is the big issue that still needs to be dealt with as the county does not have stable finances.

- BlackRock has seen customer inflows to stock funds dry up over the past couple of weeks after a torrid start to the year. Fink thinks the market is set up for a pause in the near term.

- Fink thinks that with improving economics around the world the U.S. stock market could be up 20% by the end of the year.



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CanadianValue
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