Howard Marks says stocks seem expensive to 'reality'
Bloomberg · New
Bloomberg
New
Howard Marks, co-chairman at Oaktree Capital Management, says he finds stocks expensive "relative to what I call fundamentals, or you might call reality," but says there's no reason to think there's a correction coming.
Breakdown
- Howard Marks believes stocks are expensive relative to fundamentals.
- He notes there has not been a serious market correction in 16 years. 20s
- Marks warns that investors often assume current trends will continue indefinitely. 39s
- He compares the current market environment to the optimism seen in the late 1990s tech boom. 2m 6s
- Marks cautions that bubbles are often created by excessive investor optimism. 1m 33s