(Bloomberg) — Mike Novogratz, the longtime money manager who now runs digital currency investor Galaxy Digital Holdings Ltd., said the stock market is “unhinged from reality” as it rises higher — and small investors should get out before it crashes.“We are in irrational exuberance — this is a bubble,” he said Friday in a Bloomberg Television interview. “The economy is grinding, slowing down, we’re lurching in and out of Covid, yet the tech market makes new highs every day. That’s a classic speculative bubble.”Wall Street heavyweights including Stan Druckenmiller and David Tepper have been sounding alarms about the stock market …read more
Source:: Yahoo Finance
