Larry Fink: Everybody into the pool
The BlackRock CEO has been telling investors to get into the stock market for some time. On May 7, he told CNBC the same thing, citing the 15.5 P/E ratio for the S&P 500, which he said makes equities merely fairly valued at this point — not overvalued:
"We just finished earnings season and earnings were pretty good. Despite this huge run up in markets, corporate earnings have kept pace. So I will repeat my view of the world, you need to be heavily invested in equities.'
Watch Fink discuss the market with Maria Bartiromo on CNBC