Druckenmiller Warns ‘Bear Market Has a Ways to Run’ as Fed Hikes Rates

MarketWatch

Stanley Druckenmiller fears a recession but isn’t betting against stocks. Here’s why.

Granted, that’s not a woke 20-something but Stanley Druckenmiller, the 68-year-old investing legend who runs the Duquesne Family Office and managed money for George Soros. “I’ve lived through enough bear markets, that if you get aggressive in a bear market on the short side, you can get your head ripped off in rallies,” he said, according to a clip from the 2022 Sohn Investment Conference that was aired on CNBC. Druckenmiller said, according to Bloomberg News’ account, that it’s possible the first leg of the bear market has ended.