The Tell: Head of world’s largest asset manager says taking risk off the table in stocks is a mistake

Melt-up, anyone?

BlackRock Inc.’s founder Larry Fink said “people are under-invested in equities” now and said that investors shouldn’t pump the brakes on stock buying even as the market trades in record territory.

In an interview on CNBC after his asset-management company reported quarterly results on Friday, Fink noted there was a “change of tone of central bank behavior, and you’re starting to see corporate earnings coming in pretty well,” and this provides an underpinning for recent gains, with a forecast that markets will continue to rally. “At these levels, markets are going to trend higher,” he said.

The BlackRock BLK, +0.88% boss’s remarks are similar to those he made back in April, when he predicted that the risk of a melt-up in stocks was greater than a meltdown.

>>> Original Source <<<