BlackRock Chairman and CEO Laurence Fink said on Wednesday, We still have a long way to go to make equities look expensive.
Fink, who heads the $3.51 trillion asset management firm BlackRock, was speaking at the Council on Foreign Relations and discussing a series of objectives with chief executive officers.
He also addressed China's economy, saying, I don't think China is slowing down in 2012, and that China is easing, which will help to re-stimulate the economy. He also praised the success of the present leadership in China.
Fink said that the European Central Bank's Long-Term Refinancing Operation is solving many problems, but that Europe remains vulnerable without fundamental growth.
(Reporting by Sam Forgione; Editing by James Dalgleish)