He also acknowledged the firm’s recent secondary offering on Facebook as an opportunity for long-term profits, an example of how stocks can grow into valuable assets down the road.
“To me, the balance between where interest rates are and long-term equity holdings of strong dividend stocks is pretty compelling,” Fink commented. “Stocks, to me, represent the best value in many, many years …. They’ve underperformed for 10 years, and now so many people are shying away. To me, it’s the obvious time to be back in.”
—By Reid Spagna, Special to CNBC.com
Additional News: Politics Is Killing the Stock Market: Larry Fink
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