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NewsWatch: Bitcoin isn’t real, and markets are darn hot, warns Howard Marks

MARKETWATCH FRONT PAGE

Another day, another round of all-time highs? Billionaire investor Howard Marks warns the temperature of today’s markets is “elevated,” providing our call of the day. Cryptocurrencies like bitcoin aren’t real, the Oaktree Capital co-chairman also says. See full story.

Stock market set to extend records, led by Facebook

U.S. stock-index futures pointed to a higher open on Thursday, with major indexes looking set to extend their push into record territory, supported by the latest round of positive corporate results. See full story.

Next stop for Facebook shares? $200 or more, say analysts

Analysts rush to lift Facebook estimates after results, saying there’s “significantly more runway” for the stock.

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