Bill Ackman warns of ‘casino’ stock market as speculative trading grows
Summary
Pershing Square Capital Management founder Bill Ackman has expressed concern over the current stock market environment. He stated that the financial markets are increasingly resembling a casino due to a significant rise in speculative trading and high leverage.
"We're back to the casino-type markets when there was 95% leverage," said the founder of Pershing Square Capital Management.
Source: Read the full story at US Top News and Analysis
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