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By CCN: Amongst the litany of bearish naysayers, one bullish voice still screams louder. Larry Fink, the CEO of the world’s largest asset manager – BlackRock – is sticking firmly to his forecast that there is no bogeyman waiting to slaughter the US stock market.

BlackRock Not Worried About Recession Battering Stock Market

BlackRock has 6.2 trillion reasons to downplay recession fears. | Source: Shutterstock

The billionaire investor made his comments to Handelsblatt. Mr. Fink, it seems, is not perturbed by the much-publicized “Fed Pause”:

“I see no signs of a global recession in the coming 12 months… The central banks have loosened their policy above all because of the weak fourth quarter of 2018. We will go through a phase in which things are not great but also not bad.”

This doesn’t mean he is unbridled in his bullishness:

 “But we are naturally in a late phase of the economic growth cycle.”

Clearly, Fink is hedging, aware that the stock market’s bull run is getting a little long in the tooth. Otherwise, investors might turn on him for being blind to growing equities risks.

Larry Fink Can’t Be Bearish When He Manages a $6.2 Trillion Oil Tanker of a Fund

Great stuff, but you can’t take these comments too seriously.

Yes, I do believe that Fink is bullish, but he doesn’t have a choice. BlackRock has $6.2 trillion in assets under management, and maneuvering during a period of thin liquidity would be practically impossible.

That’s a bit like an oil tanker that turns its engines off 20 miles before it wants to stop and has a turning radius of 2 miles. Fink will be screaming “buy!” before – and after – the next recession hits.

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