A legendary investor who predicted the dot-com crash says there’s a key ingredient missing for a market bubble

By Matthew Fox – Markets Insider

Legendary investor Howard Marks, who famously warned about the dot-com bubble just three months before it peaked in 2000, is officially on “bubble watch.”

Marks, the co-founder of Oaktree Capital Management, highlighted several warning signs in a recent memo to clients that suggest the stock market is nearing bubble territory but said one key ingredient is missing.

Marks highlighted that artificial intelligence is the new revolutionary technology that’s fueling a potential bubble.