He said he is very optimistic about markets over the next 12 months and argued leverage is lower than in 2008 and 2009.
BlackRock CEO said he is not concerned by volatility in South Korea's KOSPI stock index and remains very optimistic about markets over the next 12 months. He framed the current environment as less leveraged than the period around 2008 and 2009, suggesting the buildup of financial stress is not as severe as during the global financial crisis.