Druckenmiller Says He Was ‘Far Too Cautious’ During Rally

  • Hedge fund legend warned about stocks’ risk-reward last month
  • S&P 500 is up more than 40% since it hit its March lows
Stan DruckenmillerPhotographer: Christopher Goodney/Bloomberg
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The shocking rally in U.S. stocks has claimed another bear: Stan Druckenmiller.

The legendary investor, who last month warned about owning stocks, said on Monday that he now thinks he was “far too cautious” during current market gains.