World’s Biggest Investor Issues Warning on Stocks
“U.S. RALLY NEARING EXHAUSTION”
- BlackRock has advised clients to be ready to pull out of global stock markets at any sign of serious trouble.
- BlackRock, which manages funds worth $4.1 trillion, said the global system is still in the doldrums and far from achieving sustainable recovery.
- “The eurozone, Japan and emerging markets are all trying to export
their way out of trouble. Who is going to buy all this stuff? The math does not work. Not everybody’s currency can fall at once.”
- The report said Wall Street is not in a bubble yet but BlackRock’s
risk indicator – measuring “enterprise value” against earnings, adjusted
for volatility – is almost as high as it was just before the dotcom bust.
- Blackrock is advising its high net worth clients to stick to European and Japanese equities in 2014.
Read More @ Blackrock
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