Larry Fink Warns There Is “Way Too Much Optimism”, We Are Headed For “Much Greater Volatility”
by Tyler Durden
ZeroHedge.com
01/26/2014
What a difference half a year makes. It seems like it was yesterday when Blackrock head Larry Fink, when discussing the future of capital markets with the now defunct money honey, uttered these infamous words about any and all possible risks: “it doesn’t matter.” Suddenly, it matters. Speaking in Davos, Fink warned there is ‘way too much optimism’ in financial markets as he predicted repeats of the market turmoil that roiled investors this week. As Bloomberg reports, Fink warned a Davos panel that “the experience of the marketplace this past week is going to be indicative of this entire year… We’re going to be in a world of much greater volatility.”
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