US stocks are “in the early days” for a bubble, although the critical point for a correction has yet to come,
“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.
It’s been 16 years since investors last went through a “serious market correction,” he added. The current period reminds him of the late 1990’s when the market was falling in love with tech stocks, leading former Federal Reserve Chairman