Top fund manager Dennis Stattman of Blackrock says that he thinks equities are the best place for investors to be right now. Stattman tells Bloomberg that he would spread his stock allocation over many countries across the globe. He also says he’s leery of bonds. Stattman talks about the looming “fiscal cliff”, and its potential repercussions — as well as the repercussions of today’s ultra-low interest rates. He says he’s being a bit more cautious than usual because of the cliff.
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