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Icahn Pours Cold Water On Stocks, Says "Market Could Easily Have A Big Drop"

Tyler Durden's picture





 

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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Mon, 11/18/2013 - 16:16 | Link to Comment firstdivision
firstdivision's picture

Ichan is cashing in those puts he bought a little bit ago I see.

Mon, 11/18/2013 - 16:18 | Link to Comment knukles
knukles's picture

Ah, he and Tim Cooks doin' the Reach Around Shuffle

Mon, 11/18/2013 - 17:04 | Link to Comment Say What Again
Say What Again's picture

Can someone please start a catchy hash-tag regarding this asshole.  We need some entertainment for the rest of the day.

#askicahn

Mon, 11/18/2013 - 19:12 | Link to Comment freak of nature
freak of nature's picture

#yesicahn?

Mon, 11/18/2013 - 16:21 | Link to Comment max2205
max2205's picture

Anyone remember Joe Granville...same shit different asshole

Mon, 11/18/2013 - 16:31 | Link to Comment Headbanger
Headbanger's picture

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

Mon, 11/18/2013 - 16:35 | Link to Comment max2205
max2205's picture

Funny

 

Can you imagine how loade he is on hedges...must be massive

Mon, 11/18/2013 - 16:41 | Link to Comment Divided States ...
Divided States of America's picture

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.

Mon, 11/18/2013 - 17:00 | Link to Comment Say What Again
Say What Again's picture

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?

Mon, 11/18/2013 - 18:12 | Link to Comment spinone
spinone's picture

jclown extends jpolitician

Tue, 11/19/2013 - 04:14 | Link to Comment Two Bears
Two Bears's picture

Nicely done!

Mon, 11/18/2013 - 16:16 | Link to Comment FL_Conservative
FL_Conservative's picture

At least climb to S&P 2000 before we flip and ride the wave back down.

Mon, 11/18/2013 - 16:32 | Link to Comment Headbanger
Headbanger's picture

Uh... No.

Mon, 11/18/2013 - 16:17 | Link to Comment Cdad
Cdad's picture

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.

Mon, 11/18/2013 - 16:26 | Link to Comment Stoploss
Stoploss's picture

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.

Mon, 11/18/2013 - 16:17 | Link to Comment 101 years and c...
101 years and counting's picture

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.

Mon, 11/18/2013 - 16:17 | Link to Comment Hedgetard55
Hedgetard55's picture

Waterfall, bitchez!

Mon, 11/18/2013 - 16:23 | Link to Comment Hedgetard55
Hedgetard55's picture

Man, Twitter and Facebook getting monkey hammered.

Mon, 11/18/2013 - 16:19 | Link to Comment digitlman
digitlman's picture

TIMBEERRRR!!!!

Mon, 11/18/2013 - 16:20 | Link to Comment hugovanderbubble
hugovanderbubble's picture

Icahn will sign Hugo Peterssen for crashing Spanish Equity market

Mon, 11/18/2013 - 16:23 | Link to Comment 999.9
999.9's picture

OMG the S&P 500 is dropping 6 points!
What a CRASH!

Mon, 11/18/2013 - 16:24 | Link to Comment Fiat Burner
Fiat Burner's picture

Tweets and comments from figure heads moving markets?

Yeah, we've got solid fundamentals. /s

Mon, 11/18/2013 - 16:44 | Link to Comment Cursive
Cursive's picture

@Fiat Burner

LOL.  MOST company earnings are a "mirage," but not HLF (and any other company that I am currently holding).

Mon, 11/18/2013 - 16:24 | Link to Comment Tsar Pointless
Tsar Pointless's picture

Funny shit.

Mon, 11/18/2013 - 16:30 | Link to Comment El Hosel
El Hosel's picture

Look how resilient... Hhaaaaaaa

Hey apple  http://www.youtube.com/watch?v=remCqzeY06M

Mon, 11/18/2013 - 16:27 | Link to Comment sixsigma cygnus...
sixsigma cygnusatratus's picture

This drop will not stand.  Release the drones.

Mon, 11/18/2013 - 16:27 | Link to Comment Agent P
Agent P's picture

Nice going Carl, you just ruined Christmas (or in your case, Chanukah).

Mon, 11/18/2013 - 16:51 | Link to Comment El Tuco
El Tuco's picture

The cocksucker don't celebrate Christmas or Hanukkah....This cocksucker worships at the throne of Satan.....

Mon, 11/18/2013 - 16:27 | Link to Comment Occident Mortal
Occident Mortal's picture

Lol,

Forward guidance does work!?

Mon, 11/18/2013 - 16:29 | Link to Comment Waterfallsparkles
Waterfallsparkles's picture

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?

Mon, 11/18/2013 - 16:28 | Link to Comment thismarketisrigged
thismarketisrigged's picture

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.

Mon, 11/18/2013 - 16:30 | Link to Comment fonzannoon
fonzannoon's picture

BTFD

that is all.

Mon, 11/18/2013 - 16:49 | Link to Comment cougar_w
cougar_w's picture

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.

Mon, 11/18/2013 - 16:54 | Link to Comment Al Huxley
Al Huxley's picture

What dip would that be?

Mon, 11/18/2013 - 18:08 | Link to Comment TheRideNeverEnds
TheRideNeverEnds's picture

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.  

Mon, 11/18/2013 - 16:29 | Link to Comment NOTaREALmerican
NOTaREALmerican's picture

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.  

Mon, 11/18/2013 - 16:51 | Link to Comment cougar_w
cougar_w's picture

Maybe not two years. Maybe one. But your comment about the cab driver is certainly correct.

Mon, 11/18/2013 - 16:52 | Link to Comment Colonel Klink
Colonel Klink's picture

You can pretty much be assured that I-CON was short the market just before opening his gefilte fish hole.

Mon, 11/18/2013 - 16:31 | Link to Comment yogibear
yogibear's picture

Ichan is no matche for the Fed.

Mon, 11/18/2013 - 16:35 | Link to Comment Headbanger
Headbanger's picture

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!

Mon, 11/18/2013 - 21:00 | Link to Comment beachdude
beachdude's picture

S&P 1900 by March. Yellen QE will see to it.

Mon, 11/18/2013 - 16:32 | Link to Comment Fiat Burner
Fiat Burner's picture

So is Icahn already short or is he just looking to BTFD?

Mon, 11/18/2013 - 16:34 | Link to Comment chancee
chancee's picture

classic futures prop job underway...

Mon, 11/18/2013 - 16:34 | Link to Comment Frank N. Beans
Frank N. Beans's picture

i see red people

 

Mon, 11/18/2013 - 16:35 | Link to Comment JustObserving
JustObserving's picture

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.

Mon, 11/18/2013 - 16:42 | Link to Comment El Hosel
El Hosel's picture

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.

Mon, 11/18/2013 - 16:56 | Link to Comment traditionalfunds
traditionalfunds's picture

Quality financial reporters to have Pimco's Gross reply shortly.

 

 

Mon, 11/18/2013 - 16:38 | Link to Comment Aknownymouse
Aknownymouse's picture

Quick! BTFD MOFOS

Mon, 11/18/2013 - 16:39 | Link to Comment buzzsaw99
buzzsaw99's picture

a big drop is -0.5% these days

Mon, 11/18/2013 - 16:47 | Link to Comment bnbdnb
bnbdnb's picture

Play the spread. Use your tongues.

Mon, 11/18/2013 - 16:50 | Link to Comment Shizzmoney
Shizzmoney's picture

As much as I can't stand this douche, he's right on the money here:

ICAHN SAYS MANY COS. EARNINGS ARE A ‘MIRAGE,’ REUTERS SAYS

Yes, most of these "profits" are faux balance sheet bullshit.  Just like the Fed Reserve and the TBTF banks that bankroll them.

Mon, 11/18/2013 - 16:55 | Link to Comment the not so migh...
the not so mighty maximiza's picture

this mouther fucker knew i was going long on a double pomo day

Mon, 11/18/2013 - 17:04 | Link to Comment Atomizer
Atomizer's picture


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.

 

Mon, 11/18/2013 - 17:05 | Link to Comment ebworthen
ebworthen's picture

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!!!

Mon, 11/18/2013 - 21:29 | Link to Comment bunnyswanson
bunnyswanson's picture

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)

Mon, 11/18/2013 - 17:07 | Link to Comment Goldbugger
Goldbugger's picture

 A minor correction to 1700 then topping at 1900 and then down from there for the next several years.

 

http://elliottwavepredictions.com/

Mon, 11/18/2013 - 17:21 | Link to Comment Goldbugger
Mon, 11/18/2013 - 18:51 | Link to Comment Hanging Harry
Hanging Harry's picture

I thought he was just doing the usual 'pump & dump' with AAPL.  Bit of a head fake I'd say!

Mon, 11/18/2013 - 20:19 | Link to Comment tempo
tempo's picture

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.

Tue, 11/19/2013 - 14:32 | Link to Comment SWAG
SWAG's picture

Yes, and now he is buying more.

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