While this optimism ultimately may prove to be valid if interest rates stay this low for many years to come and if earnings continue to grow, there is also a very real chance that many market participants will get badly burned. Most of this year’s stock returns for the overall market are coming from Amazon, Facebook, Google, Netflix and Apple.

[button target=”_blank” hover_type=”default” text=”READ REPORT” link=”https://www.ttvalueinvesting.com/wp-content/uploads/2017/06/2017-05-31-Howard-Marks-7-Principles-for-Identifying-Investment-Opportunities.pdf”]