Stanley Druckenmiller, one of Wall Street’s most successful investors, acknowledges that the markets are riding high and that investors may be able to finally breathe freely in the short term after a number of shocks, but says investors should be wary of three events that could knock assets into a bear market.
“One of the reasons I’m pretty sanguine right now is I think we’re close enough to the election, at least we can breathe for a few months,” he told Bloomberg Television during a recent interview.
But there are a trio of situations that could upend that optimism — and perhaps permanently.
