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Carl Icahn's Next No-Brainer? "A Major Sell-Down Of Artificial Market Is Coming"

Tyler Durden's picture




 

Sprinkled in between Herbalife promotion and eBay board decimation, CNBC's favorite crowd-pleaser Carl Icahn offered a few pearls of wisdom that the TV anchors were un-prepared for:

  • *ICAHN SEES MAJOR SELL DOWN OF MARKET COMING
  • *ICAHN CALLS MARKET ARTIFICIAL BECAUSE OF FED POLICY

Of course, Icahn did not specify the timing which provided just enough cover for the talking heads to confirm their "but stocks are a buy" perspective. We wonder whether the "sell-down" is as big a "no-brainer" as many of Carl's other ideas.

Icahn had plenty to say:

Herbalife...

  • *ICAHN SAYS SEN MARKEY REQUEST REASON FOR HERBALIFE PROBE BY FTC
  • *ICAHN TELLS CNBC HERBALIFE IS NOT A PONZI SCHEME
  • *ICAHN SAYS ACKMAN DIDN'T SCORE BIG VICTORY WITH FTC PROBE
  • *ICAHN SAYS HE HAS NO PERSONAL ANIMOSITY WITH ACKMAN

Ebay...

  • *ICAHN SAYS EBAY'S DONOHOE HAS NOT DONE A GOOD JOB
  • *ICAHN SAYS DONOHOE HAS DONE LESS THAN MEDIOCRE JOB: CNBC
  • *ICAHN:DOJ SHOULD STEP IN ON EBAY DIRECTOR SCOTT COOK OF INTUIT
  • *ICAHN SAYS GOOD CORPORATE GOVERNANCE NEEDED: CNBC

Netflix:

  • *ICAHN SAYS HE SOLD OFF FAIR PERCENTAGE OF HIS NETFLIX HOLDING
  • *ICAHN SAYS THINKS HE SOLD HALF OR MORE OF HIS NETFLIX HOLDING
  • *ICAHN SAYS NETFLIX IS A GOOD COMPANY WITH GOOD CEO

The Market...

  • *ICAHN SEES MAJOR SELL DOWN OF MARKET COMING
  • *ICAHN DOESN'T SPECIFY TIME FRAME FOR MARKET SELL DOWN
  • *ICAHN CALLS MARKET ARTIFICIAL BECAUSE OF FED POLICY

 

As an aside, isn't it stunning that the business media hang on every word out of the billionaire investor's mouth (and twitter feed) when it is related to a "buy" or an upward move in stocks... but, once it is in the ball-park of something less than a strong buy to the moon, the comments are briskly dismissed as if he were the next Harry Dent...

 

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Mon, 03/24/2014 - 12:55 | 4585996 HedgeAccordingly
HedgeAccordingly's picture

Grabdstanding fool he is http://hedge.ly/1fUxokX. But rich

Mon, 03/24/2014 - 13:00 | 4586022 Canadian Dirtlump
Canadian Dirtlump's picture

Talking his book like normal.

 

*fires up twitter after short position established*

 

Lesser men have seen varying degrees of scrutiny for such things.

Mon, 03/24/2014 - 13:32 | 4586106 TruthInSunshine
TruthInSunshine's picture

Fed Policy is distorting market, Icahn says.

Well DUH.

*zerohedge @zerohedge 32m
ICAHN CALLS MARKET ARTIFICIAL BECAUSE OF FED POLICY

Mon, 03/24/2014 - 13:39 | 4586161 nope-1004
nope-1004's picture

Does Icahn make anything?  Hire anyone?  Produce anything useful?  These prophets are a dime a dozen, because any pulse can form an opinion.  Don't really care what he thinks.

 

Mon, 03/24/2014 - 13:40 | 4586166 TruthInSunshine
TruthInSunshine's picture

No.

No.

No.

I agree.

I agree with that, also.

Mon, 03/24/2014 - 16:10 | 4586916 zaphod
zaphod's picture

What Icann seems to be missing is that after the SHTF and Yellen decides to print to the moon after peering over the edge of the cliff, these market prices are going to look ridiculously cheap as people are burning barrels full of 100 million dollar notes to stay warm. 

Mon, 03/24/2014 - 14:31 | 4586427 CoMooter
CoMooter's picture

He once ran TWA....that went well...

Mon, 03/24/2014 - 13:28 | 4586112 TruthInSunshine
TruthInSunshine's picture

Carl "The Phlegm" Icahn @ IcahnHazAttention 1m
- Look at me!!! I'm spouting off again!!! Weee!

Mon, 03/24/2014 - 16:03 | 4586883 dracos_ghost
dracos_ghost's picture

Yeah, I wonder why Tyler left this one out:

ICAHN: I Just posted a selfie. Does my ass look fat in these jeans.

Mon, 03/24/2014 - 14:00 | 4586260 Waterfallsparkles
Waterfallsparkles's picture

NO ONE WOULD EVEN NOTICE HIS TWEETS.  Except Cnbc talks about them for close to a week after.  Pump Pump Pumping what ever he is long.  I would like to know what they GET OUT OF PROMOTING EVERYTHING HE OWNS?

Mon, 03/24/2014 - 13:15 | 4586084 TideFighter
TideFighter's picture

#IcahntheDouchebag

Mon, 03/24/2014 - 13:36 | 4586147 skwid vacuous
skwid vacuous's picture

#just took 90 pts in the face on the other half of NFLX...

Mon, 03/24/2014 - 12:57 | 4586010 Tim Knight from...
Tim Knight from Slope of Hope's picture

The old coot is finally starting to make some sense. Plus he's still got those dynamite good looks.

Mon, 03/24/2014 - 13:16 | 4586087 101 years and c...
101 years and counting's picture

if this geriatric douchebag is calling for a major "selldown", i may have to rethink my call for 1500.

Mon, 03/24/2014 - 13:15 | 4586011 Dr. Engali
Dr. Engali's picture

CNBS ...... A 24/7 Wallstreet infomercial attempting to pass itself off as financial journalism.

Mon, 03/24/2014 - 12:59 | 4586017 hotrodblago30
hotrodblago30's picture

Yes, he bloviates. Yes, he annoys. His billionaire battles seem petty and quite personal (though he says otherwise) But the man knows how to invest. He is another useful source in the information gather of everyday life. 

Mon, 03/24/2014 - 13:10 | 4586018 _ConanTheLibert...
_ConanTheLibertarian_'s picture

I know one thing, mining stocks are hammered today. Ouch.

Mon, 03/24/2014 - 13:01 | 4586029 ebworthen
ebworthen's picture

Wonder if he's short the QQQ?

Mon, 03/24/2014 - 13:03 | 4586041 NOZZLE
NOZZLE's picture

so what do I do with bearded a$$hole"$ gift of fake wealth to my margin account, liquidate it and buy some beach front property in Sevastopol and learn how to dress like a Russian gangster

Mon, 03/24/2014 - 13:04 | 4586048 fonzannoon
fonzannoon's picture

Sometimes when I think ZH can't hit a new low they go a head and trample on a dead guy who can't defend himself.

(Harry Dent obviously killed himself, right?)

Mon, 03/24/2014 - 13:05 | 4586049 digitlman
digitlman's picture

Pot.

 

Kettle.

 

Black.

Mon, 03/24/2014 - 13:07 | 4586052 Kirk2NCC1701
Kirk2NCC1701's picture

If the sell-off comes, the US had better close its Embassies world-wide also.

Do not panic.  So long, and thanks for all the fish.

Mon, 03/24/2014 - 13:07 | 4586053 youngman
youngman's picture

It was a 10 minute informercial for Icahn....I loved it when he said he didnt need any more sheckles....yeah right...this guy lives for sheckles...as many as he can get and he will tell just how much that is every minute..the I am richer than you attitude....that is all he does all day is count his wealth

Mon, 03/24/2014 - 13:31 | 4586123 Quinvarius
Quinvarius's picture

It probably takes him less time now after he tried to run Herbashit to the moon and gave all that money to Ackerman.

Mon, 03/24/2014 - 13:11 | 4586062 skwid vacuous
skwid vacuous's picture

scum of the earth, talking his book again no doubt... but couldn't he have told us BEFORE the nasdaq puked 150 points?

Mon, 03/24/2014 - 13:11 | 4586064 Father Lucifer
Father Lucifer's picture

Beware the Ides of August.

Mon, 03/24/2014 - 13:12 | 4586068 Bunga Bunga
Bunga Bunga's picture

He just wants to get in cheap

and then ... tweet!

Mon, 03/24/2014 - 13:19 | 4586070 BrigstockBoy
BrigstockBoy's picture

Welcome to the party Carl. It's like that scene in Field of Dreams where the brother finally notices the ghost ballplayers and asks how long they've been here.

Mon, 03/24/2014 - 13:11 | 4586071 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Apple: what? iCahn??

Mon, 03/24/2014 - 13:21 | 4586100 muleskinner
muleskinner's picture

My guess is Carl doesn't invest in pork slaughterhouses and pork bellies, but I could be wrong.

Long bagels and lox.

Mon, 03/24/2014 - 16:00 | 4586863 gmrpeabody
gmrpeabody's picture

Short dick...

Mon, 03/24/2014 - 13:22 | 4586101 Waterfallsparkles
Waterfallsparkles's picture

Very evasive about how much Nflx stock he sold.  I would assume he has already bailed but does not want to say so.

Mon, 03/24/2014 - 13:25 | 4586107 Waterfallsparkles
Waterfallsparkles's picture

Why does CNBC continue to pump ICann's stocks 24/7.  Inquiring minds want to know.

Mon, 03/24/2014 - 13:27 | 4586109 elwind45
elwind45's picture

Hacked story from Tyler Mathius NOBODY CARES ABOUT CNBC? And bloomberg went all inside edition all day. Both need less profit more big bang theory

Mon, 03/24/2014 - 13:29 | 4586116 elwind45
elwind45's picture

Its only a bubble when Mtv starts a market segment between 16 and preggers offerings

Mon, 03/24/2014 - 13:32 | 4586126 skwid vacuous
skwid vacuous's picture

Icahn is in my dead pool for 2014, in fact he's a top contender - can i tweeeet that or would it be uncouth?

Mon, 03/24/2014 - 13:35 | 4586136 Quinvarius
Quinvarius's picture

As long as he doesn't fall out of a window within a month of your tweet, you are probably okay.

Mon, 03/24/2014 - 13:32 | 4586127 CheapBastard
CheapBastard's picture

So 500% overvalued stocks are too high?

Mon, 03/24/2014 - 13:36 | 4586141 elwind45
elwind45's picture

How do you shock a CNBC anchor when they appear with Cramer and Santelli everyday and feed heart felt accolades BLAH. I remember when all of BOLLINGER was on my set and NOT just his bands? I will be referencing his work more then the VIX COME THE FUUTURE?

Mon, 03/24/2014 - 13:36 | 4586144 Nue
Nue's picture

I can see Peter Schiff and Kyle Bass both looking at him and going "Really! You don't say!"

Mon, 03/24/2014 - 13:37 | 4586146 Laughing Stock
Laughing Stock's picture

I'd like introduce Melisa Lee's "Harry Dent" to my meat-pipe

Mon, 03/24/2014 - 14:14 | 4586337 Bastiat
Bastiat's picture

 

 

Speaking of selldowns, the goose of USDX over 80 is failing fast.

Mon, 03/24/2014 - 14:18 | 4586361 Flying Wombat
Flying Wombat's picture

Meanwhile, Uncle Ben is doing just fine...

-----------

"Ben Bernanke Gets His Reward"

http://thenewsdoctors.com/?p=129628

Mon, 03/24/2014 - 14:22 | 4586382 rsnoble
rsnoble's picture

I see signs all over town 'make thousands weekly'.  Nearly everyone is herbalife as I call them to confirm.  None of them are selling the products.  No ponzi there.  Not when Ichan is involved.

Mon, 03/24/2014 - 14:30 | 4586422 hugovanderbubble
hugovanderbubble's picture

Market Crash Coming

Mon, 03/24/2014 - 14:55 | 4586584 The Econ Ideal
The Econ Ideal's picture

Icahn thanks the Fed for the market froth. 

Mon, 03/24/2014 - 14:59 | 4586601 kurt
kurt's picture

I Conquor

Icahn

I came...

 

On your face poor boy!

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