Apr 21, 2020
Howard Marks warns stock rally is "unreasonably positive" 2020
The recent stock market rally is "inappropriately positive," Howard Marks CNBC said on Monday.
"We are only 15% below the all-time high of February 19," said the billionaire about the S&P 500 index.
"It seems to me that the world is more than 15% mixed up."
Marks highlighted the exceptional conditions in a recent memo: the most violent pandemic in a century, remarkable declines in growth and…
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