Oaktree’s Marks Says Stocks Hint at ‘Early Days’ of a Bubble

US stocks are “in the early days” for a bubble, although the critical point for a correction has yet to come, Oaktree Capital Management LP co-founder Howard Marks cautioned.

“I’m certainly not ringing the alarm bells. The point is that things are expensive,” the co-chairman of the distressed debt investment manager told Bloomberg Television in a Wednesday interview.