Mark Cuban Admits Stock Market Has Him Scared

Mark Cuban Admits Stock Market Has Him Scared

(RepublicanNews.org) – As one of the investors on ABC’s Shark Tank, billionaire entrepreneur Mark Cuban is a familiar figure to most Americans. With a net worth of more than $4 billion, he’s the owner of the Dallas Mavericks and chair of AXS TV. He’s also a savvy investor, earning him a spot in Forbes’s rankings of the wealthiest Americans.

On January 28, Cuban expressed concern for market valuations across a broad spectrum of asset classes during an interview with CNBC’s “Squawk Box.” The continuance of low-interest rates is particularly concerning. Once they rise again, the market will deflate.

Continuing, he explained that the Federal Reserve’s near-zero interest rates have been driving the market, leading to widespread speculation on the part of investors. However, he’s “hedged the heck” out of his stock portfolio to anticipate market shifts once interest rates start rising.

He also spoke out about online trading company Robinhood Markets’ decision to restrict shorted stock trading, including GameStop shares. He believes the situation served to highlight market “inefficiencies,” which is a good thing.

Despite his current pessimism about the market’s short-term future, he concluded the interview by admitting he likes the way retail investors work the markets online, seeing it as a great “equalizer.”

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