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Carl Icahn "Very Nervous" About Stocks Due To Fed's "Excessive Money Printing"

Tyler Durden's picture




 

Ironically, Carl Icahn - poster-child of the leveraged financial engineering that has overtaken US equity markets on the back of Central Bank largesse - told CNBC that he was "very nervous" about US equity markets. Refelecting on Yellen's apparent cluelessness of the consequences of her actions, and fearful of the build of derivative positions, Icahn says he's "worried" because if Yellen does not understand the end-game then "there's no argument - you have to worry about the excesssive printing of money!" So in 12 hours, we have been told: some sectors are stretched (Yellen), there is a bubble but we don't want to pop it (Fisher), when the Fed ends QE, there'll be abear market (Druckenmiller), and now Icahn is "worried about markets." Cue, Cramer explaining how none of these buffoons know anything about stocks...

"The Fed did a great job of dragging us out of themess that Wall Street created"

 

 

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Wed, 07/16/2014 - 19:39 | 4964958 NOTaREALmerican
NOTaREALmerican's picture

As Ben would say:  Well,  not literally. 

Wed, 07/16/2014 - 19:39 | 4964960 The Alarmist
The Alarmist's picture

So he's talking his book how?

Wed, 07/16/2014 - 19:51 | 4965000 knukles
knukles's picture

Short everything but Apple
As in the iCan iWant strategy

Wed, 07/16/2014 - 20:06 | 4965048 Bunga Bunga
Bunga Bunga's picture

Icant's secret code to his buddies: "buy with both hands, all you can".

Wed, 07/16/2014 - 20:16 | 4965086 Save_America1st
Save_America1st's picture

"Nervous"?????

"Nervous"?????

WTF?

Wed, 07/16/2014 - 23:12 | 4965692 Groundhog Day
Groundhog Day's picture

The game is as it always has been....confuse the shit out of the sheep before the slaughter

Sheep: Is that a chain saw i hear?

Shephard: No silly thats just some noise due to the renovation for your new pad....its a surprise so put on this blind fold

Wed, 07/16/2014 - 19:43 | 4964971 Burnbright
Burnbright's picture

LOL!

Wall Street! Are you fucking kidding me! The Fed caused this mess. Jesus fuck!

Wed, 07/16/2014 - 19:46 | 4964980 NOTaREALmerican
NOTaREALmerican's picture

Well,  let's not overstate the facts.   The Fed has done very well for the top 10%.    So,  we shouldn't be too judgmental.

Wed, 07/16/2014 - 19:54 | 4965009 LetThemEatRand
LetThemEatRand's picture

Most of the top 10% is going to get crushed when the inevitable occurs.  It's the .01% that the Fed is worried about, and you can guarantee those guys are already safely clear of the market.  The transitory wealth creation for the top 10% helps give the Fed cover.  When the house of cards comes down, the Fed will be first to blame some black swan that no one could have foreseen.

Wed, 07/16/2014 - 20:13 | 4965069 jackstraw001
jackstraw001's picture

What's the next degree of fuller-er-er retard? I've lost track the last few years.

Wed, 07/16/2014 - 21:50 | 4965379 mjcOH1
mjcOH1's picture

Full Biden?

Wed, 07/16/2014 - 22:44 | 4965604 Banker Buster
Banker Buster's picture

LOL

Thu, 07/17/2014 - 05:43 | 4966418 tumblemore
tumblemore's picture

The Fed is part of Wall St.

Wed, 07/16/2014 - 19:44 | 4964978 Temporalist
Temporalist's picture

Death is transitory

Wed, 07/16/2014 - 19:46 | 4964981 Nutflush60
Nutflush60's picture

The longer it lasts, and it could go on the next year, the worse the crash will be. The scary part is that Yellen is relishing her a role as master of the universe. End the dual mandate-now

Wed, 07/16/2014 - 19:47 | 4964986 NOTaREALmerican
NOTaREALmerican's picture

You mean the dual mandate of:   Protect the banks and enrich the rich? 

Wed, 07/16/2014 - 20:07 | 4965015 Nutflush60
Nutflush60's picture

Actually there is a third part. Expand their massive egos. POS meglamaniacs. 

Wed, 07/16/2014 - 19:47 | 4964984 TeamDepends
TeamDepends's picture

I-CoN "very nervous" about the "printing of (money)"????  (Ground Control to Major Tom):  I 'm as free as a bird now....  And this bird can not change.  Bye Bye baby, it's been a sweet love.....

Wed, 07/16/2014 - 19:58 | 4964987 tahoebumsmith
tahoebumsmith's picture

No really? How about you admit to contributing to the grand ponzi illusion to pad your own pockets? The only reason you did was because you can mainipulate markets, meaning you are a grand player in the ponzi! Maybe that's how you got your name douchebag, I 'CAN! Right along side O and the FED that puts the words on his teleprompter, We Can! Who's kidding who? I think you need to take a bath with Warren and figure this out...

OBTW you should definately take a bubble bath with Warren and blow some soap bubbles in the tub in between your belly laughs...

Wed, 07/16/2014 - 19:49 | 4964996 SHEEPFUKKER
SHEEPFUKKER's picture

I sometimes wonder if these old cunts decide to get a little truthy when they get close to dying. Nah, probably not. 

Wed, 07/16/2014 - 19:58 | 4965023 Nutflush60
Nutflush60's picture

Greenspan can't be far away, crickets from him.

Wed, 07/16/2014 - 20:17 | 4965090 Squid Viscous
Squid Viscous's picture

he still gets blown by that disgusting Andrea Mitchell once a month, so he has that going for him...

Wed, 07/16/2014 - 20:20 | 4965096 lotsoffun
lotsoffun's picture

they do actually (get truthy) - i've seen it before - because

1 - he's still going to profit from it.

2 - even if his profit from it is illegal - nobody can touch him.

it's a bit of the 'i'm smarter than you thing'.

for example - sweet ol' warren buffett.  'derivatives weapons of mass destruction'.  but then - he weighed it all and saw that he could still go upside with it.  he told the truth - and nobody did anything about it, so he went in rectum deep.

 

 

Wed, 07/16/2014 - 21:28 | 4965309 WhackoWarner
WhackoWarner's picture

 Good old boy Warren made his bones during the decades where nobody could really lose. Think that idiot is smart?  Think again.

Wed, 07/16/2014 - 23:20 | 4965724 jaxville
jaxville's picture

  It's about covering your ass.  These people will be able to avoid a well deserved lynching by saying they were warning folks now.   Few are listening and they know it but they are now on record.  Another dog and pony show.

Wed, 07/16/2014 - 19:51 | 4964998 Wahooo
Wahooo's picture

Snake

Wed, 07/16/2014 - 19:56 | 4965016 AdvancingTime
AdvancingTime's picture

Regardless of what you name it the "Federal Reserve Nightmare" or the "Yellen conundrum", the box Ben Bernanke made when he painted both himself and the Federal Reserve in a corner remains. Bernanke has by passing the chairmanship to Yellen escaped from the QE trap but left the rest of us fully in its grasp.

With a policy of loose and cheap money  and an inflation target of just 2% the Federal Reserve  continues to please those gambling that not fighting the Fed guarantees profits.

As many Americans are forced to pay higher food, gasoline, and health insurance premiums, I wish someone would let the Fed know we have already passed their target. Any thought that inflation is not higher has come from the false illusion brought from lower payments on things like auto loans and mortgages, this is a one off and will not continue. Trouble lurks ahead. More on this subject in the article below.

 http://brucewilds.blogspot.com/2014/06/exit-strategy-from-qe-remains-elu...

Wed, 07/16/2014 - 20:05 | 4965050 RaceToTheBottom
RaceToTheBottom's picture

Who is letting the Bernank off the hook?

Who is letting the Greenspam off the hook?

Heck, Who is letting the Nixon off the hook?


 

Wed, 07/16/2014 - 19:57 | 4965022 Seasmoke
Seasmoke's picture

The Tribe is starting to sweat. 

Wed, 07/16/2014 - 20:04 | 4965043 Bunga Bunga
Bunga Bunga's picture

The Genie is out of the bottle. Now it's to late to complain, the train is running, nothing can stop it. Stocks to da moon.

Wed, 07/16/2014 - 20:15 | 4965085 buzzsaw99
buzzsaw99's picture

In the shuffling madness
Of the locomotive breath,
Runs the all-time loser,
Headlong to his death.
He feels the piston scraping --
Steam breaking on his brow --
Thank God, he stole the handle and
The train won't stop going --
No way to slow down...

[/Locomotive Breath]

Wed, 07/16/2014 - 20:19 | 4965054 Squid Viscous
Squid Viscous's picture

jeez he looks awful but i would still rather choke out that little CNBS kike interviewing him...maybe a bit more effort but well worth it

Wed, 07/16/2014 - 20:10 | 4965060 razorthin
razorthin's picture

I laugh at all of my coworker tards with their 401K money in their 2035 funds and such.  It won't long before a switch to 2070 funds to try to make up for the crash of a fucking lifetime.  Idiots.

Wed, 07/16/2014 - 20:12 | 4965068 mark mchugh
mark mchugh's picture

America:  Still leading the world in retarded billionaires.

Wed, 07/16/2014 - 20:16 | 4965083 Bastiat
Bastiat's picture

Evans-Pritchard talks about massive dollar squeeze:  http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/109723...

In talking about the Fed tapering, he says not a word about who will buy the UST paper, not a word about Belgium, not a word about what increased interest rates would do to the US Budget.  But he does have a slam on Russia:  "The outlook for Russia is utterly bleak. It has blundered into a conflict with the West that will smother investment for years, and it may have to draw down its reserves to cover $700bn of foreign currency debt unless it can tap the capital markets again. It faces demographic implosion."

 

 

Thu, 07/17/2014 - 00:30 | 4966015 jaxville
jaxville's picture

  Interest rates must move up and soon.  Most Western nations face the prospect of their currencies becoming irrelevent if they continue removing incentive to hold their notes.   Interest rates will move very slowly initially.  As to the economy?

  If it came down to either the dollar (currency unit) or the economy, which do you suppose the establishment can get along without?

Thu, 07/17/2014 - 05:53 | 4966428 tumblemore
tumblemore's picture

The banking mafia may have a different view on that to whatever parts of the establishment they don't own and those countries directly ruled by the banking mafia may have a different balance of power to those only indirectly ruled via the power of Washington.

 

If so this would lead to a growing divergence between most of the EU and Washington.

 

 

Thu, 07/17/2014 - 05:48 | 4966425 tumblemore
tumblemore's picture

The interesting thing about AEP is he must understand the reality quite well to be able to write so many words while deftly avoiding the truth.

 

Wed, 07/16/2014 - 20:17 | 4965091 gmak
gmak's picture

THe sh** is getting very close to the fan and many will be trying to distance themselves from being seen as the perpetrators. I would expect more of this from others. Doesn't pay to have more money than God if you're going to be hoisted on the end of a pitchfork.

 

Wed, 07/16/2014 - 20:25 | 4965106 Squid Viscous
Squid Viscous's picture

poor bastard... imagine going through life looking like some species of hook-nosed insect? I don't care how much money he has, that would suck ...

Wed, 07/16/2014 - 20:27 | 4965118 buzzsaw99
buzzsaw99's picture

let me get this right. icahn is complaining about loose monetary policy? you've got to be shitting me.

Wed, 07/16/2014 - 21:00 | 4965119 rickv404
rickv404's picture

The man is nuts. Wall Street got us into this mess and the Fed got us out? No, dummy, Bush and Obama and their parties in congress got us into this mess. A mess financed courtesy of the Fed. Wall Street was guilty by association, but only that. 

Thu, 07/17/2014 - 05:59 | 4966433 tumblemore
tumblemore's picture

The politicians are owned by the banking mafia - obviously.

 

 

Wed, 07/16/2014 - 20:44 | 4965151 Plata con Carne
Plata con Carne's picture

dup

 

Wed, 07/16/2014 - 20:43 | 4965165 Plata con Carne
Plata con Carne's picture

Major European 'End The Fed' rally planned for Saturday, July 19th - 5 Countries/128 Cities:

http://youtu.be/rWbE3xbcDb0

 

 

Wed, 07/16/2014 - 21:16 | 4965268 yogibear
yogibear's picture

Now if this could turn into a prosecute Fed rally it would be impressive. Mob justice for treasonous moves against the people and the constitution of the United States.

 

Wed, 07/16/2014 - 20:46 | 4965172 bbq on whitehou...
bbq on whitehouse lawn's picture

End game = new notes. The Fed will buy up a majority of outstanding bonds, then transfer them to the treasury at new note prices so 1 new note buys ten old notes.
This is not a problem if you have most of the old notes in electronic form, no large holdouts.
Only people that go bankrupt are the small people, they hold most of the notes, big money are in assets not cash.

Those notes held outside the US well good luck with the new exchange rate.

Since all is politics, you need all the big players on board so they dont raise to much of a fuss.

The trick is to do this under a crisis, something big and bad.

Wed, 07/16/2014 - 21:11 | 4965248 yogibear
yogibear's picture

Chuck Schumer was is telling the Fed to continue the low rates. What's wrong with NY? They elected this tool.

Wed, 07/16/2014 - 22:09 | 4965456 Last of the Mid...
Last of the Middle Class's picture
Carl Icahn "Very Nervous" About Stocks Due To Fed's "Excessive Money Printing"  Too funny as he has a couple of tril in his back pocket from the QE's that we're all paying for through higher prices now he's concerned for us all. My ass!
Thu, 07/17/2014 - 02:33 | 4966232 teslaberry
teslaberry's picture

icahn calls free money med medicine.

i didn't realize crack cocaine was being described as medicine now on cnbc. 

i think people know what happens at the end of a meth binge. it's bad or worse.

Thu, 07/17/2014 - 03:20 | 4966294 huggy_in_london
huggy_in_london's picture

He should stick to his asset stripping, cause that guy is out of his league when talking about macro.  

Thu, 07/17/2014 - 03:20 | 4966297 Bernoulli
Bernoulli's picture

Oh really? Very nervous and worried? That what will happen? He won't go out on TV and say something before he hasn't already taken all the action and precautionary measures necessary, come on. So one thing is for sure: He is NOT very nervous and NOT worried but wants the sheep to be very nervous and worried.

It's just so simple to be a "big investor" like this guy:

1. Buy some stocks

2. Tell the public that you bought the stocks and which stocks are a great buy

3. Watch your book-value grow over several years

4. When the valuations get ridiculous, tell the public that there is no way around equities, the markets are not overvalued, and that "smart people" can always pick good stocks

5. Sell stocks and cash in (put some chips in the pocket, don't gamble it all)

6. Short the hell out of stocks (isn't it a bit like a "sale and leaseback" of stock you previously owned but you now deem better just lease, only you immediately go on and sell the "leased" good?)

7. Tell the public you are worried and nervous about stocks

8. Watch the book-value of your shorts grow as the nervous public starts selling

9. Buy stocks and close the short positions ("thanks for lending me the stock, mate"), maybe buy a couple more for your own book, since they are valued so low.

10. Cash the delta (put some chips in the pocket, don't gamble it all)

RINSE REPEAT

Matthew 25:29 "For to everyone who has will more be given, and he will have an abundance. But from the one who has not, even what he has will be taken away". 

Thu, 07/17/2014 - 03:25 | 4966302 huggy_in_london
huggy_in_london's picture

And regarding Buffet and his calling derivatives "waepons of mass destruction"... he is a hypocrite.  He was one of the biggest users of OTC derivatives.  When I worked in the banks, when he called for a trade senior management started shaking cause the size of the puts he would want to sell was frightening (long dated, and in massssssssive size).  

If they had gone tits up on him people wouldn't be looking at him with fluttering eyes like they do today.

Thu, 07/17/2014 - 03:28 | 4966308 jubber
jubber's picture

Whether you can stand Icahn or not, we need market figures like him to point out to the MSM what a crock of shit they are spewing out day after day

Thu, 07/17/2014 - 03:32 | 4966315 The Duke of New...
The Duke of New York A No.1's picture

Cramer says "Sub-Prime" is just some kind of a Steak.

Thu, 07/17/2014 - 06:50 | 4966482 esum
esum's picture

its all about NOVEMBER elections.... dont rock the boat.... after Nov....sink the boat

that is when obama/jarrett go full bore commie dictator

 

 

Thu, 07/17/2014 - 07:47 | 4966571 Azannoth
Azannoth's picture

I think Yellen was hand-picked to oversee the dissolution of the Dollar based system, and probably a replacement with an International Currency (SDR etc.)

It's harder to be mad at a "cute" little old white-hair "lady" than your average Phd. old white male.

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happyzerohedge's picture

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