‘We had an environment where the Fed was pumping in money nonstop…And that created in some ways a gambling economy, or at least call it a speculative economy,’ Novogratz says

Wealthy investor Mike Novogratz says the days of making easy money on Wall Street are coming to a swift end and he sees more pain in store for stock-market investors in coming months.

“I look at the stock market and it is just starting to correct and that worries me more,” he told MarketWatch in a Tuesday interview, as he attended an event in Miami, Fla., where he also said: “I’m still a true believer but it’s time for sobriety”, referring to crypto. Read more