Loading...
Most Recent Stories

HOWARD MARKS: THE RALLY HAS OUTPACED THE FUNDAMENTALS

The legendary Howard Marks is increasingly skeptical of the rally in equities.Ā  His latest memo to clients is a must read:

One thing is indisputable: the rally in financial markets worldwide has outpaced the fundamentals. At the beginning of 2009, most onlookers expected a generally weak economy and were concerned that the behavior of consumers and banks would remain conservative. They were 100% right, and fundamentals are still tenuous.Ā  And yet, the rally has exceeded all expectations of which Iā€™m aware.”

Read the piece in its entirety here.

Source: DealBook

Comments are closed.