Some people say success is all about confidence. If Larry Fink's confidence about the stock market boils over into success, everyone is going to be in for a good year.

The BlackRock maestro is predicting a 20 percent rise in US equities this year and doesn't see the situation in Cyprus as a major issue, according to a report in InvestmentNews.

“It has some symbolism impact on Europe, but it's not a really major economic issue,” Fink said of Cyprus on Bloomberg TV, according to the article. “It's a $10 billion issue. It does remind us of the frailty of Europe. It does remind us that the European fix will be multiple years.”

For more details on why Fink is feeling so rosy, check out the original article here. 

Edited by: Ben Geier


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