Investing.com -- Bill Ackman expressed concern on Tuesday about the current state of the stock market, stating that increased speculative trading has created excessive price volatility driven by high levels of leverage. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » "Every number of days, I feel like markets are broken," Ackman said on CNBC's "Squawk Box." "Stocks trade at prices that make no sense to me. Yes, it's good if you're a long-term investor and you can buy at a stupid price. I don't think it's good for the country generally." The Pershing Square Capital Management founder noted that leverage levels have returned to concerning heights.
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