Asset Class: Asset Manager and Market Collapse

asset class: BLK, -0.39% Chief Exeuctive Larry Fink says that with stocks knocking on the door of records, a surge to the upside appears more likely than a market collapse, according to Market Watch. That is because so many investors still have lots of cash to put to work, the head of the world's largest asset manager told CNBC in a Tuesday interview. Black Rock Inc. Despite where the markets are in equities, we have not seen money being put to work, Fink said. A meltup is often defined as a sharp and unexpected rise in the price of an asset class, driven largely by a stampede of investors who are more concerned about missing out on a big up move than by improving market fundamentals. We have record amounts of money in cash. (news.financializer.com). As reported in the news.