Subject: Re: Howard Marks - It is 1997
I respect Marks but I think he is also talking his own book here so he can't say it feels like it is late 1999 or 2000 because that would be too scary for his fund investors who will stay away. So he is saying we are still in the "early" stages of bull so invest in my "credit" funds which are safer than stocks. I doubt credit funds will do well if we have a significant market correction or recession.