Why? The game is to make money, with up or down markets, not to be right or wrong.
CM
Mr. Icahn thinks he can push market over the edge
- Thread starter NoVoodooHere
- Start date
CM
Cute video but a little late
I wish I was Carl Icahn ! He is a smart investor.
You can send me some egg on my face!
In finance, do you think you become billionaire thanks to luck?
By the way, I don't think we will see the bottom right now, no way! Too early my friend.
CM
It's like he got confused somewhere between the beginning and the end of the video production.
What was the point?
First a prophetic-like demonstration of how right he has been about the markets going down for a year, markets that are in fact barely off levels of a year ago (S&P), meanwhile his IEP is almost cut in half despite his NFLX and AAPL positions. Maybe his point is that he was right about foreseeing his fund NAV going down like nobody's business (?)
Follows a political add for Trump... More Carl is a hero nonsense...
...And OMG declarations of the things wrong with the monetary system and markets... All the things that are blatantly obvious to all of us, and have been for a very long time.
Drivel, pure drivel - not worth watching.
What was the point?
First a prophetic-like demonstration of how right he has been about the markets going down for a year, markets that are in fact barely off levels of a year ago (S&P), meanwhile his IEP is almost cut in half despite his NFLX and AAPL positions. Maybe his point is that he was right about foreseeing his fund NAV going down like nobody's business (?)
Follows a political add for Trump... More Carl is a hero nonsense...
...And OMG declarations of the things wrong with the monetary system and markets... All the things that are blatantly obvious to all of us, and have been for a very long time.
Drivel, pure drivel - not worth watching.
Icahn is right though. So many large companies have levered up their balance sheets at low interest rates to buy back stock at ever increasing prices in order to manufacture rising EPS. When there's a recession, these companies will come under pressure of their heavier debt burden. He also pointed out that the high yield market is $2 trillion now vs. $1 trillion at the 2007 peak.
His investment vehicle, IEP, has done poorly due to his large energy positions that have been crushed by the commodity collapse. Investor Jim Rogers says he doesn't see a lot of supply coming to the market. Maybe once China's current collapse is over in a few years, commodities would form a bottom.
Mr. Icahn says he's trying to warn about the danger of ZIRP to hopefully prevent catastrophe, but as John Burbank says, the situation of this non-mean-reverting divergence is going toward the path of inevitability.
His investment vehicle, IEP, has done poorly due to his large energy positions that have been crushed by the commodity collapse. Investor Jim Rogers says he doesn't see a lot of supply coming to the market. Maybe once China's current collapse is over in a few years, commodities would form a bottom.
Mr. Icahn says he's trying to warn about the danger of ZIRP to hopefully prevent catastrophe, but as John Burbank says, the situation of this non-mean-reverting divergence is going toward the path of inevitability.
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Do say old chap, and please forgive my lack of admiration here, but is that not Mr Icahn's M.O., particularly of the last few years? Ergo, WTF is this predatory old man attempting to accomplish here (besides pushing Trump)? - That is a question I would like to know the answer to.
He's a 79 year old man making a public service announcement.
^ keep telling yourself that