Howard Marks latest Memo on markets

Here is the link

I think this sums up pretty well what's most likely going on in asset prices today. Seems extra relevant with some of the FANGs reporting and blasting off even further. Also important to note that Marks historically always has a bearish tilt, however, doesn't make any wild predictions with any degree of confidence. Generally he just states facts and what he thinks the most likely outcome is based on those facts which I find makes his stuff worth reading.

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