Shocking rally in U.S. stocks claims another bear: Stan Druckenmiller admits he was ‘far too cautious’

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.

“I was up 2% the day of the bottom, and I’ve made all of 3% in the 40% rally,” Druckenmiller said in a CNBC interview. “I missed a great opportunity here. Won’t be the last time.”

The March decline in stocks ended the bull market and the spread of the coronavirus pandemic pummeled the economy and put millions of Americans out of work. While many observers were predicting unprecedented gloom just weeks