Howard Marks: there's sanity in stocks

Distressed debt investor and author Howard Marks thinks US stocks have further to run.

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Howard Marks,founder, Oaktree Capital Management

"I don't think the stockmarket is delirious," distressed debt investor and author Howard Marks tells Dan Weil of The Wall Street Journal. "Valuations aren't terribly high." And even though the US is now well into its "longest recovery on record", it's also been "the slowest since World War II. That suggests not so many excesses have built up".

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