Business2 sources
Bill Ackman Warns of 'Casino' Stock Market Amid Rising Speculative Trading
- Bill Ackman warns of a 'casino' type stock market due to rising speculative trading.
- Ackman notes a return to high-leverage conditions similar to 95% leverage seen in the past.
- The warning was reported by both CNBC and Investing.com.
- Ackman is the founder of Pershing Square Capital Management.
- Speculative trading is increasing, prompting Ackman's concern about market stability.