Bill Ackman says market uproar isn't 'the beginning of the end' - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Billionaire Bill Ackman says market turbulence stems from election and virus uncertainty, stretched tech valuations but isn't 'the beginning of the end'

A commercial real estate-investing expert explains why the future of offices isn't as bleak as you think — and shares 3 property stocks set for gains no matter the path the COVID-19 recovery

Ackman said that the divisive presidential election and what it means for the country, corporate America, and taxation, paired with the ongoing coronavirus pandemic, are creating uncertainty within markets. He added that "valuations particularly in the technology landscape have gotten to some pretty extraordinary levels."

He said markets have been "remarkably strong" since the third week in March, so Thursday's moves downward are not surprising. Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.Sign up now for Insider Today for regular insights and analysis from Henry Blodget & David Plotz.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

We are very curious to see how Tontine plays out, as we note the capped risk inherent in the SPAC.

Tell that to investors on margin...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside McDonald's Black franchisees' quest for equality - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Media outlets lean either to the right or to the left in the US, but never has the US look so fragile and divided, why
Source: BusinessInsider - 🏆 729. / 51 Read more »

Kenosha business owner says he declined Trump photo-op, was replaced - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. All we ever get from Trump is fraud. Democratic party's terror groups Antifa & BLM have been destroying cities every night since the party's FAKE-NEWS MEDIA STARTED INCITING VIOLENCE 3 months ago Media lied it was peaceful & democrat politicians didn't condemn it -- UNTIL polls showed their party nosediving PwC Australia will on Monday release a report which recommends a tighter partnership between industry and government to address future skills needs with 'micro-credentials'. OpenLearning is leading this Micro Credentials!!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Bill Gates-sponsored battery producer QuantumScape to join 'blank-check' IPO frenzy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Lake Tahoe becomes a premier west coast quarantine real estate market - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »