PRO Uncut: The full interview with Larry Fink

BlackRock Chairman and CEO Larry Fink painted a bleak picture for the market on Friday, predicting another 10 percent drop for stocks and calling for $25 a barrel oil prices.

"We're in the midst of a real market decline, bordering on a bear market," he told CNBC. "But the speed at which this is happening is just a reassessment of the risk, reassessment of where we're going."

As a potential capitulation gets underway, the strategist believes investors still need to find ways to put money to work. Here's what he's advising clients to do.

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