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Clients are looking for that market setback, to buy," Mr. Fink said.
"Normally when you get a big stock market setback, consumers have a harder time getting credit," he said.
The bond market setback eerily echoed the plot of a best-selling novel in Japan more than a year ago.
Still, although the overall outlook is for less market activity, the powerful demand for housing in Westchester will prevent a serious market setback in the short term, the report said.
But that figure is not far below the average figure for the 1990s, 4.1percentt, and well above the low of 3.3percentt, reached in the first quarter of 1991 after the last major housing market setback.
America's measure of broad money rose by only 1.6% in the year to April, and fell slightly in the second half of that period.The bears come out of the woodsThe latest market setback has given heart to those bearish commentators who were looking out of touch towards the end of last year.
Any time there is a market setback, they get a lot of media attention.
A significant market setback early in retirement may have a dramatic impact on your retirement lifestyle.
That will put you in a better position to weather a market setback and may help you to sleep better.
Internet stocks, led by benchmark names, once again made headway into positive territory despite the markets setback today.
Internet stocks, led by benchmark names, are once again making headway into positive territory despite the markets setback today.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com