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Carl Icahn Is Hedging, Warns A Big Correction Is "Definitely Coming"

Tyler Durden's picture




 

While he still holds many stocks, Billionaire investor Carl Icahn joins the ranks of many of his billionaire market-watchers and is "hedging with S&P Puts," because he is "concerned about the whole economy." As he explains in this brief clip, "you can't keep an economy up just from The Fed," and with The Fed withdrawing from its money-printing largesse, Icahn concludes, a big correction "is definitely coming, it's just a matter of when."

 

 

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Thu, 10/09/2014 - 18:08 | 5311071 hedgeless_horseman
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"hedging with S&P Puts," Icahn concludes, a big correction "is definitely coming, it's just a matter of when."

Translation, he is selling S&P Puts.

Pass.  Thank you.

Thu, 10/09/2014 - 18:08 | 5311090 NeoRandian
NeoRandian's picture

Yeah, if he thinks the market is going to correct, then why is he telling apple to buy back its shares? He wants to bankrupt apple?

Thu, 10/09/2014 - 18:16 | 5311125 Zhuge Liang
Zhuge Liang's picture

because he is a soulless greed imitation human who will never have enough...  enough money, enough ego, enough power...  his mentality is the mentality foisted on our entire culture, and look at the result. 

Thu, 10/09/2014 - 19:26 | 5311435 Chupacabra-322
Chupacabra-322's picture

Correction? Correction of what, Fraud? Scum Fucks are delusional & believe that the Markets aren't fixed & one giant Ponzi Sceme Fraud.

Thu, 10/09/2014 - 20:40 | 5311746 espirit
espirit's picture

Coming?  Cumming?

 

I'll pass on the jizz.

Thu, 10/09/2014 - 21:57 | 5312138 COSMOS
COSMOS's picture

Its easy to know when the correction will come when you go to the same Synagogue as Yellen.  She just may give a sermon to let the congregation know when she intends to stop and start printing.  Icahn will prepare her notes and sit front and center with all the other wall st criminals.

Fri, 10/10/2014 - 02:07 | 5312833 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

Spoken like a true Aryan female. All you need now is a swastika.

Fri, 10/10/2014 - 03:40 | 5312928 BigDuke6
BigDuke6's picture

do you mean the yanks should stop moaning and realise that the tribe who run the place are looking after them just dandy.

without them putting the goyim to work the USA would be in deep shit huh?

Fri, 10/10/2014 - 07:30 | 5313209 COSMOS
COSMOS's picture

I am sure to the Palestinians the star of david is just like a swastika

Thu, 10/09/2014 - 19:32 | 5311457 Sam Clemons
Sam Clemons's picture

Carl Icahn should go play in traffic.  He's a worthless twat living off the success and effort of other people.

Thu, 10/09/2014 - 20:06 | 5311603 Squid Viscous
Squid Viscous's picture

best comment of the month, by far

Thu, 10/09/2014 - 20:44 | 5311759 Karlus
Karlus's picture

So wait a second...we all think the market is going to tank and we are pissed this guy is short....?

 

Look, I dont love him or hate him, but short sellers perform a valuable role.

 

As far as creating no value, go tell that to Blue Horsehoe and short Teldar Paper....and Warren is no better, just a different version

Thu, 10/09/2014 - 22:54 | 5312386 sessinpo
sessinpo's picture

I agree, but he is nor short. He is hedging a long position.

And for those that commenting on why he want's Apple to buy stock, it's so he can exit his long position at higher prices.

As for the short sellers performing a valuable role, they do, but not on the scale that Icahn trades in. Most cannot trade in blocks the size of his position. It would have to be broken up. Only other big players and banks could take the other side of such a trade. That doesn't provide liquidity for the majority.

Thu, 10/09/2014 - 18:30 | 5311181 HedgeAccordingly
Thu, 10/09/2014 - 18:59 | 5311304 MeMongo
MeMongo's picture

I con U

CHEESEPOPE!

NuffSaid

Thu, 10/09/2014 - 19:03 | 5311329 Squid Viscous
Squid Viscous's picture

Die you old lizard fuck! Please? I can help if you want?

Thu, 10/09/2014 - 19:06 | 5311337 Squid Viscous
Squid Viscous's picture

PS if Tim Cook had any balls he would put this old kike in his place...

Thu, 10/09/2014 - 18:06 | 5311074 Four chan
Four chan's picture

turn those machines back on!

Thu, 10/09/2014 - 19:11 | 5311358 Squid Viscous
Squid Viscous's picture

+1000 - "your brother's not well we better call an ambulance" - "fuck him, now you listen to me..."

Thu, 10/09/2014 - 18:08 | 5311078 PrecipiceWatching
PrecipiceWatching's picture

If he is saying that, then he must believe the opposite.

 

This manipulative, thieving POS will be trying to wring money out of decent, productive companies when he is clinging to life on a ventilator in an ICU.

 

Ultimately a sad, sick bastard.

Thu, 10/09/2014 - 18:13 | 5311107 Philo Beddoe
Philo Beddoe's picture

The guy is crowding 80 years old and still pulling out his 2 incher hoping it will become a foot long. 

Thu, 10/09/2014 - 18:08 | 5311081 User_404
User_404's picture

The market is about to experience 'roid rage.

Thu, 10/09/2014 - 18:08 | 5311088 gmak
gmak's picture

You see. WHEN there are no more muppets left to suck in as bag-holders, one has to look for alternatives. I sure hope that it's not TastyTrade selling those puts.  

 

The question remains, at the quantity he must be buying, how is the market spec ever going to be able to hedge the exposure if price gets down to the level of the exercise price? They will be shorting SPY until their hands bleed.  Cue the talking heads to psych up the BTFD'ers to jump in and be the sacrificial lambs.

Thu, 10/09/2014 - 18:14 | 5311121 besnook
besnook's picture

this is becoming a real crowded trade.

Thu, 10/09/2014 - 18:16 | 5311122 A82EBA
A82EBA's picture

Looks to me like small caps (IJR) just completed right shoulder with weekly bollinger bands breaking out of keltner channels with MACD neg..i know, manip mkt & techs dont matter but seriously...looks bad!

Thu, 10/09/2014 - 19:00 | 5311314 spekulatn
spekulatn's picture

Don't forget the markets also need a new johnson rod ;)

 

 

Fri, 10/10/2014 - 08:05 | 5313302 A82EBA
A82EBA's picture

fishing pole?

Thu, 10/09/2014 - 18:21 | 5311147 Pantalone
Pantalone's picture

Nice yearbook picture.  Voted Most Likely to Impede.

Thu, 10/09/2014 - 18:24 | 5311155 Spungo
Spungo's picture

"Translation, he is selling S&P Puts."

Clarification: He bought puts and now he is trying to re-sell them, which means he's betting on the market crashing hard.
This needs to be clarified because creating new puts and selling them implies the exact opposite. One writes new puts when they're betting on the stock going up.

I wish him luck with his bet. I think he's right about the market being risky, but I don't have the balls to buy put options.

Thu, 10/09/2014 - 18:27 | 5311170 robnume
robnume's picture

Carl Icahn, blah, blah, blah! Where the fuck have you been? We all saw this coming years ago. FUCK!

Thu, 10/09/2014 - 18:34 | 5311194 dobermangang
dobermangang's picture

A friend of mine is a small business store owner.  He said the last 4 months of business were the worst in his 30 year history.  He said he'd close up shop this month if he were renting(he owns the building).  I've been hearing lots and lots of stories like that lately.

Thu, 10/09/2014 - 18:43 | 5311237 DipshitMiddleCl...
DipshitMiddleClassWhiteKid's picture

It will keep sliding but the fed wont let it go more than 5% in a day.

Thu, 10/09/2014 - 18:50 | 5311267 cart00ner
cart00ner's picture

Unlike the crash before the great depression this one will be more like a slow motion slide, with market manipulation, stop logic and super speed computers at the helm.

Thu, 10/09/2014 - 18:50 | 5311279 limacon
limacon's picture

 

He not only owns more money , but he stands a fair chance of far outliving you .

He owns 8.5 % of Calico .

Calico is where the Struldbugs hang out .

See http://andreswhy.blogspot.com/2013/10/calico-immortality.html

 

http://en.wikipedia.org/wiki/Struldbrug 

Struldbrugs is the correct term , but Struldbugs seems seems more fitting .

The real Bilderbergers .

http://www.zerohedge.com/news/2014-09-28/how-media-controls-britain

Media have always been under elite control .
When last did you see anything about the shenanigans at the Bohemian Club ?

See
About the Elite
https://www.academia.edu/8518616/The_Elite

For something different
http://flavorwire.com/478403/8-fascinating-secret-societies-and-bohemian...

For the serious conspirator
http://en.m.wikipedia.org/wiki/Bohemian_Club

Bohemian Club

Membership

A number of past membership lists are in public domain,[7] but modern club membership lists are private. Some prominent figures have been given honorary membership, such as Richard Nixon and William Randolph Hearst. Members have included some U.S. presidents (usually before they are elected to office), many cabinet officials, and CEOs of large corporations, including major financial institutions. Major military contractors, oil companies, banks (including the Federal Reserve), utilities, and national media have high-ranking officials as club members or guests. Many members are, or have been, on the board of directors of several of these corporations; however, artists and lovers of art are among the most active members. The club's bylaws require ten percent of the membership be accomplished artists of all types (composers, musicians, singers, actors, lighting artists, painters, authors, etc.). Artistic members are admitted after passing a stringent audition demonstrating their talent.[citation needed]

 

Thu, 10/09/2014 - 19:34 | 5311471 Chupacabra-322
Chupacabra-322's picture

A celebration of Moloch & The Cremation of Care where they get to fuck one another up thier asses & gums. Pure Evil Psychopaths.

Thu, 10/09/2014 - 18:56 | 5311295 saveUSsavers
saveUSsavers's picture

The RAT-ASS billionaires CNBS Parade is on! They collected another billion with Fed free money now they want to collect on the way down! NOT A HELL BIG ENOUGH FOR THE 1% .

Thu, 10/09/2014 - 18:58 | 5311305 saveUSsavers
saveUSsavers's picture

KRUDLOW ranting " no recession I repeat... I repeat " CLASSIC TOP as billionaires been exiting.

Thu, 10/09/2014 - 19:13 | 5311368 Oxygen
Oxygen's picture

It's time for a major false flag to occur.

Thu, 10/09/2014 - 19:47 | 5311518 Ironmaan
Ironmaan's picture

This market is essentially doing what the ISIS executioners are doing to their hostages. They take their prisoners out to the desert daily and do a pretend execution and then take them back to their ceill to make them numb to it... then one day its a real execution. 

The market will contine to be volatile, drop several hundred points and suck back in the buy the dippers again and again until one day it will drop, and drop, and drop, drop. It'll be up tomorrow.

Thu, 10/09/2014 - 19:49 | 5311534 Fuku Ben
Fuku Ben's picture

He must be done taking his positions. He's definitely not telegraphing it in advance

Errand boy sent by grocery clerks to make the last call or last put announcement?

That way they you can't say they didn't warn you before they ate you at their fiat alter of sacrifice

Thu, 10/09/2014 - 20:03 | 5311591 Keltner Channel Surf
Keltner Channel Surf's picture

Is that a typo in the title?  Always thought it was spelled "I-Con", given how he manipulates the media.  

I've always pronounced it "I Can" because, well, no one seems to be able to stop him, at least not very often.

Thu, 10/09/2014 - 20:14 | 5311629 Squid Viscous
Squid Viscous's picture

yet still he torments the living via CNBS etc, but his moment is fleeting, like a speck of sand before his eternity in hell...

Thu, 10/09/2014 - 21:18 | 5311931 new game
new game's picture

if i could shit and piss on his face i would...

(ya know, the loose nasty dump)

Thu, 10/09/2014 - 21:25 | 5311976 starman
starman's picture

no shit brain fuck!

 

Thu, 10/09/2014 - 21:52 | 5312119 Downtoolong
Downtoolong's picture

For the best Contra Indicator it’s hard to choose between what Carl Icahn says he is doing, what Dennis Gartman actually is doing, and what Goldman Sachs says regardless of what they are doing.

 

Fri, 10/10/2014 - 08:10 | 5313326 Bemused Observer
Bemused Observer's picture

What exactly is it that this guy DOES? I mean, what's his job?

What value does Mr. Icahn provide to those businesses he "invests" in?

Typical useless eater...he happens to have a lot of money, so he can play, move markets...but what does he actually contribute to those businesses? Aside from his ability to extract the value others have earned, he is nothing more than an appendix stuck to the huge digestive system that is our economy. At best, useless. At worst, a potential danger to the whole system.

And from an evolutionary standpoint, destined to be phased-out like wisdom teeth.

Sun, 10/12/2014 - 13:53 | 5321133 Farqued Up
Farqued Up's picture

Just another insider that knows which shell the pea is under. Few people in the financial industry actually produce anything. They all flock to the insiders for scraps and the insiders manipulate things and tag it with the buzz word, "Business Cycle". Now, what is natural about businesses that would cause timed cycles? I think it's a clear example of a fabricated misnomer.

If I'm wrong im sure someone will enlighten me here.

Tue, 10/14/2014 - 13:01 | 5329208 MeelionDollerBogus
MeelionDollerBogus's picture

I don't believe a word & no one else should either. UVXY, HVU (tsx) both have no expiry, aren't expensive as ETF shares, and move with gigantic (10.66x) leverage to the SPY inverse. Puts expire so you better believe the time frame & pricing of them vs SPY itself is rigged.

The whole thing's rigged but if you wanted to go inverse it's best to do so with minimal cost & no time limit. We've all seen what levitation-magic can do & the Fed intends to out-do David Blaine.

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