Aug 18

Carl Icahn Turns Apocalyptic: “I Am More Hedged Than Ever, A Day Of Reckoning Is Coming”:

I have hedges on, I’m more hedged than I ever was. [The market] is way overvalued at 20 times the S&P and I’ll tell you why: a lot of it is a result of zero interest rates. That’s going to be hurtThere’s going to be a day of reckoning here.  I’ve seen it many times in my life.  When things look good, they look great.  You go into the sky.  But that’s when you have to really pull down and really stop buying.”

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