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Icahn Pours Cold Water On Stocks, Says "Market Could Easily Have A Big Drop"
Carl Icahn, who is currently speaking at the Reuters Global Investment Outlook Summit, just poured cold water over the Fed's 16,000 DJIA EOD price target.
- ICAHN: ‘VERY CAUTIOUS ON EQUITIES, MARKET COULD EASILY HAVE BIG DROP'
- ICAHN SAYS MANY COS. EARNINGS ARE A ‘MIRAGE,’ REUTERS SAYS
- ICAHN: DOESN’T WANT FIGHT WITH APPLE,NO PLANS TO WALK AWAY
But... but.. two POMOs... Still, not too late for K-Fed and his merry unlimited balance sheet trading men to pull a record third POMO today and keep the "wealth effect" illusion going.
The credit cycle is getting long in the tooth...
Was it just a month ago that we warned "Carl Icahn's nightmare" was about to occur? - as the credit market became saturated...
With the inability to proxy-LBO every and any firm, the fun ends - as Icahn just let everyone know... it's called a credit 'cycle' for a reason.
Of course - it's all about carry..
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Ichan is cashing in those puts he bought a little bit ago I see.
Ah, he and Tim Cooks doin' the Reach Around Shuffle
Can someone please start a catchy hash-tag regarding this asshole. We need some entertainment for the rest of the day.
#askicahn
#yesicahn?
Anyone remember Joe Granville...same shit different asshole
Karl is da man!! He knows the Fed is all done now that they delivered 1800 on the S&P as promised.
Time to sing "So Long and Thanks for All the Fish"
http://www.youtube.com/watch?v=N_dUmDBfp6k
Funny
Can you imagine how loade he is on hedges...must be massive
This jfucker went short last week, that is now confirmed. This jfucker thinks "I CAN" do whatever I want...this fucker thinks he is godly like another jfucker like Bernanke...
I dont know why he wants to make even more money when he already is rich to the gills...thats what peeves me off the most...these fuckin jclowns think they have the right to treat the financial markets like a game when it isnt a game for most people...its their life savings of hard work and frugality. If he can tweet these stupid comments and move the markets 1%, not an individual stock like AAPL but the ENTIRE FUCKIN MARKETS, then you know this is truly fucked up.
I went back to my JAVA development manuals and couldn't find the jclown class, or any of the others you've mentioned. Is that a new abstract class in the latest JAVA release?
jclown extends jpolitician
Nicely done!
At least climb to S&P 2000 before we flip and ride the wave back down.
Uh... No.
Permission has now been granted...for indices to drop. Of all the analysis I have read, the catalyst for a pullback being "Carl said so" was not mentioned.
All the way up until he figures out the opposing account consists of an infinite balance sheet and a printer...
Go ahead and put all the way up to that, Karl.
like i said earlier, when 2 pomos dont work, just start having one every 30 minutes. around the clock. 3B printed every 30 minutes might get stocks to 2000 by turkey day. gobble. gobble.
Waterfall, bitchez!
Man, Twitter and Facebook getting monkey hammered.
TIMBEERRRR!!!!
Icahn will sign Hugo Peterssen for crashing Spanish Equity market
OMG the S&P 500 is dropping 6 points!
What a CRASH!
Tweets and comments from figure heads moving markets?
Yeah, we've got solid fundamentals. /s
@Fiat Burner
LOL. MOST company earnings are a "mirage," but not HLF (and any other company that I am currently holding).
Funny shit.
Look how resilient... Hhaaaaaaa
Hey apple http://www.youtube.com/watch?v=remCqzeY06M
This drop will not stand. Release the drones.
Nice going Carl, you just ruined Christmas (or in your case, Chanukah).
The cocksucker don't celebrate Christmas or Hanukkah....This cocksucker worships at the throne of Satan.....
Lol,
Forward guidance does work!?
Double Pomo for Big Boys to Sell. Looks like Carl was a little ahead of them.
Much better to Sell into a rising Market rather than a declining Market.
But, with the trememdous ramp over the last week are there really any Shorts left to Buy at the ask?
do we take this seriously?
ichan deff is in the no, if he says the market can drop big shortly, it may happen sooner than we think.
BTFD
that is all.
And to ensure profits, engineer a dip you can buy into on huge leverage the next day.
The real dippsy doo if it comes will not be announced in advance on Twitter. It will not abate when it is supposed to. And it will take the markets back 30 years. Because we need to wipe out 30 years of fictional valuations. We are going to do exactly that ere the end.
What dip would that be?
here here! I sold a few traunches of SPX 1750 puts as the were clearly mispriced considering the fact that closing out DEC over 1800 is a given.
If the first graph is right, we've got 2 years left.
Until every cab driver is talking about how much they've made in the market we can't be anywhere near a top.
Maybe not two years. Maybe one. But your comment about the cab driver is certainly correct.
You can pretty much be assured that I-CON was short the market just before opening his gefilte fish hole.
Ichan is no matche for the Fed.
The party is over dude. S&P 1800 delivered a month ahead of time before the Holidays begin so all of Wall Street can sell what the have left and can take off with Ben and the gang for Palua to partaaaaaayyyy!
S&P 1900 by March. Yellen QE will see to it.
So is Icahn already short or is he just looking to BTFD?
classic futures prop job underway...
i see red people
Why is the fucker not in jail for manipulating markets to suit his holdings? Oh, I see, he has the immunity of the 0.1% like Steven A Cohen.
Its a big club, and he is in it. Every other day JPM gets busted for fraud and market rigging, the FEd pays the fine for them.
Quality financial reporters to have Pimco's Gross reply shortly.
Quick! BTFD MOFOS
a big drop is -0.5% these days
Play the spread. Use your tongues.
As much as I can't stand this douche, he's right on the money here:
Yes, most of these "profits" are faux balance sheet bullshit. Just like the Fed Reserve and the TBTF banks that bankroll them.
this mouther fucker knew i was going long on a double pomo day
Lemmings & algorithms alike, don’t believe the noise. I beg you, stick with this market. We’ll make you a paperless muppet holding billions with no tangible assets.
<inserts boiler plate brokerage manager pep talk screaming about daily goal quota > You need to retain these dodgy investor’s. I don’t give a fuck if you have to lie. While you’re at it, find 5 new investors or you’ll be looking for a new career in kissing the pavement.
Such a shame it has become this way. When the venue conduit stops, so does the fraud associated.
What a fucking PONZI!!!
When an asshole like Icahn can move the completely FED fueled market you know it is a PONZI!!!
This is a speculative debt-fueled bubble on the back of babies, little children, un-born children, our very future!!!
This is fucking insanity!!!
Common Core program is being instituted in all US schools. This program will train the kids to do as they are told, to not ask questions, to not use their imagination and to not be curious.
http://www.theblaze.com/stories/2013/11/15/this-could-be-one-of-the-best...
Parent addresses "Common Core" to board supervisors meeting.
The schools are preparing the American children for slavery. When china's population is too old to work in the factories and dungeon-like manufacturing plants, where quiting isn't an option, and neither is jumping off the roof, the replacement workers for this now world supplier of essentials just may be our children. And I have never been more serious in my life.
(added link on edit)
A minor correction to 1700 then topping at 1900 and then down from there for the next several years.
http://elliottwavepredictions.com/
3500 point drop on dow by Feb 2014.
http://elliottwavepredictions.com/wp-content/uploads/2013/10/DJIA-daily-...
I thought he was just doing the usual 'pump & dump' with AAPL. Bit of a head fake I'd say!
It doesn't have to end because all major currencies are in a competitive devaluation cycle so there is no net negative impact if everyone is doing the same thing. It cant end because the entitlement state is the only thing keeping social order. It will not end because the .01% can still make more money. Ending would mean something else and there is nothing else. Anyway corn, oil, wheat, gold prices are collapsing so there is no inflation with labor becoming cheaper and cheaper. Equity prices may correct 5% but buy everything, all the time.
Yes, and now he is buying more.