Blackrock CEO offers candid response after stock market tumbles
Veteran CEO Larry Fink has a blunt take on the stock market's sell-off.
It's certainly been a painful month for stock market investors. The major benchmarks have retreated sharply, with the S&P 500 slumping about 10% from its highs in February.
Stock market corrections like this aren't rare, but they don't happen all that often, either. According to Capital Group, a money manager with assets under management exceeding $2 trillion, the S&P declines by over 10% about once every 18 months.
