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Marks Takes the Market's Temperature

For several years, investors have been acting bullish (if not thinking bullish) in bonds, bidding up safe instruments, while the interest in equities is still modest, with the potential for more relative value, says Oaktree's Howard Marks.

Jason Stipp: I'm Jason Stipp for Morningstar. Howard Marks is the chairman of Oaktree Capital and the author of some of the most enlightening shareholder letters you're likely to read. He is also a keen observer of the market and its many personalities. He is calling in today to give us a sense of where the market is today and the mood of investors today. Thanks for calling in Howard.

Howard Marks: It's my pleasure.