Carl Icahn Bought $1 Billion In Stocks During "Trump Crash"

Tyler Durden's picture

As we explained first thing this morning, the market's correct reaction upon learning of the Trump presidency, was not to dump equities "limit down", but rather to buy every risk asset in sight, now that Trump is preparing to unleash the inflation monster, something the market realized later in the trading day, leading to the biggest one-day percentage move on record in bond yields, and stock market surge that has led to a 1,000+ rebound in the Dow Jones to all time highs.

However, not everyone was dumping. While the Dennis Gartmans of the world were liquidating their portfolios at lowest print of the year, warning of "fully engaged bear markets", Trump's close confidante and person speculated to be Trump's Treasury Secretary, Carl Icahn was waving it in.

As Bloomberg reports, while Donald Trump celebrated his surprise election win over Hillary Clinton and equity futures swooned in response, billionaire investor and Trump supporter Carl Icahn headed home to start trading. Icahn, left President-elect Trump’s victory party in the early hours of the morning to buy about $1 billion in U.S. equities, he said Wednesday in an interview with Erik Schatzker.

“I thought it was absurd that the market, the S&P was down 100 points on Trump getting elected,” Icahn said in a phone interview. “I tried to put a lot more to work, but I couldn’t put more than about a billion dollars to work,” he said.

Just as notable, we now know that Icahn, who said he’d taken off some hedging trades last night, after saying in August that he was more hedged than ever, is now openly bullish again. The billionaire said that the U.S. economy isn’t out of the woods yet, but he called Trump coming in “a positive, not a negative” for the country.

Speaking earlier in a telephone interview on CNBC, Icahn reiterated he has no interest in taking on the role of Treasury secretary in Trump’s administration. “I don’t think I’d be the right guy to fit into Washington, you know,” he said.

Icahn last year described Trump as the only campaigner speaking out on crucial business and economic concerns, and has maintained his endorsement since.

In September 2015, Icahn posted a video on his website criticizing “the dysfunction that is going on both in Washington and the board rooms of corporate America” and lambasted the U.S. Congress for failing to reform taxes or immigration.

And while Washginton will never be fixed, Icahn will contend himself with making a few hundred million opportunistically in one trade when the market acts out of emotion and not logic.

Incidentally, today's market move has nothing to do with the US economic prosects, and everything to do with the fear that a tidal wave of inflation is about to be unleashed as Trump pushes for fiscal stimulus and a massive debt-funded spending spree, something China also discovered today, leading to a record liquidation wave in US Treasuries, coupled with a record plunge in the Chinese Yuan.


As we explained earlier, once this open confrontation between China and the US escalated into more Treasury liquidation and all out trade (if not kinetic) war, the final result will be very painful, but for now at least, algos trading the stocks are happy.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Holy hand grenade of Antioch's picture
Holy hand grenade of Antioch (not verified) Nov 9, 2016 3:16 PM

Buy some more HERBALIFE & show everybody how a REAL Ponzi jewboy operates!

SomethingSomethingDarkSide's picture

CANNOT WAIT for Icahn to pull a Pretty Women on TBTF Banks.. chop em up!  Resales!

38BWD22's picture



Somewhat O/T, but a fun article re Hollywood stars bummin' out:

Well, there's always (soon to be legalized) marijuana there, LOL!


Draybin Deffercon III's picture
Draybin Deffercon III (not verified) 38BWD22 Nov 9, 2016 3:28 PM

No insider tips there. Nope, all totally legit OMG WTF LOL..

jcaz's picture

Uncle Carl paper trades as much as Gartman does-  his kid never would let him spend a billion on his own.

Go buy some more HLF, Uncle Carl- it's gonna be a winner.....

weburke's picture

can only see when he lies in the rear view mirror, but that seems to be always. He does not speak as an advisor...

Holy hand grenade of Antioch's picture
Holy hand grenade of Antioch (not verified) 38BWD22 Nov 9, 2016 3:36 PM

I'm not 100% into JOHN OLIVER (but he has his moments)


THIS IS AN INSTANT CLASSIC! ~ (FU Carl Ichan & Herbalife)


^^^This is, truly, FUNNY, people, if you can spare some time^^^

boattrash's picture

Ironically, I had a tip that Soros and Buffet left a party so they could sell their Clinton Stock, turns out, they couldn't find any buyers...

Holy hand grenade of Antioch's picture
Holy hand grenade of Antioch (not verified) boattrash Nov 9, 2016 4:17 PM

&, oh yes (((Madeliene Albright))) is a staunch supporter of the jew Ponzi scheme HERBALIFE


You can't make this SHYSTER up!

GernB's picture

I sold just before returns started coming in because a Clinton win was baked in and the market was bound to drop no matter who won. Then I bought at the bottom and made a killing because it was idiotic for futures to be down 5%. What? All the companies in the world suddenly got 5% less valuable because Trump might win?

So, I feel obliged to correct the record. The market bottomed just as the Trump pulled substantially ahead in projected ellectoral vote count, well before he ever got to 270 projected electoral votes and an hour or more before Hillary conceded. The market was into rally mode by the time she conceded and just continued to erase all the losses and more.

Belrev's picture

Powerful 3 minute video about how Donald Trump became President of the United States of America


Iconoclast421's picture

I've been buying too. I follow my rules. My indicator is bullish. Come hell or high water, I follow it:

Bastiat's picture

Just wait for charges filed against Foval, who's already singing (or tweeting) like a bird, Creamer, Podesta for inciting violence, vote fraud  and FEC violations.  Foval has even said black churches were burnt by the campaign or it's agents in order to rally anger against Trump! 

Then we have the sex charges against Weiner--that looks pretty certain--and all the hidden juicies in the 650,000 Huma emails.  How much of that will see the light of day? It depends on who has copies (other than the Russians, Iranians, Jews, Chinese and anyone else who was looking).

The we have Hillary's compromise of classified information.

Watch for the suicides and accidents.  If I were Huma and Weiner, I would not stay in same building, car, or room.  The question is: did the Clintons order their own wetwork or was it taken care of for them by agents of deep state, who, in return, got 100% loyal service--going back to Bill's facilitation of the Mena, Ark drug drops?

It's a long menu but we've got plenty of time.

Seasmoke's picture

All time fucking HIGH !!!!!!!!!!!!

aliki's picture

bull markets die on euphoria

this feels pretty fucking euphoric

whatever u do, dont tell stocks the dollar & rates are ripping ... takes a while to sync in, but when it does, stocks HATE that

SuperRay's picture

The signal will be when Cartman goes long again

Robert Trip's picture

Trump is smart and he's President.

Icahn is smart and he made a few hundred million in a few hours.

Is there a pattern here?

Miss Informed's picture

It's better to be rich and well-connected then it is to work at Walmart?

Fiat Burner's picture

Tidal wave of inflation?  Is that why gold erased all of its gains? Wtf is going on?

Don Sunset's picture

The fol costs are going through the roof:

Housing (rent or own)

Property Insurance

Health Insurance





This explosion in inflation will defeat any chance of growth.  We are in recession heading for depression or debt ramp up or collapse or all 3.  Nothing can be done to avoid it.

It takes time for the process to filter through.

hrhong's picture


Cdad's picture

$1 billion...I see.  Was that on advise from the board over at GM?

ZoroAustrian's picture

Wall Street's message to the flyover plebes after Brexit and Trump?

You can have your precious protest vote but we still own the keys to the printing press so f*** you!


UnschooledAustrianEconomist's picture

"Give me control of a nation's money and I care not who makes it's laws."

bada boom's picture

"Trump Crash"? You mean overhyped "end of the world" scare to put a bunch of people short (starting months ago) then rip it higher on them rally?  Funny, how the huge selloff happened before the market opened.  Ha Ha.  A lot of big wigs said they were hedged.  Well, the big trading banks just cleaned up.  Gold flat is quite odd as well.  These people have no morals.

Youri Carma's picture

So trying to stimulate the real economy is called 'the inflation monster' now. Meaning we all have to try to find a job on Wall Street otherwise you're fucked.

Snaffew's picture

historically, gold has crashed with every treasury selloff.  Not that there is anything normal about these markets

N0TME's picture

...... and you ain't in it!


Loved George C.

TheRideNeverEnds's picture

Smart move, he knows they won't crash this thing till Obama has safely vacated office and Trump is at the helm.

Sub MOA's picture

typical slimey kike move they just can't help themselves not one minute goes by when they are no grubbing for money

Snaffew's picture

your Klan colors are showing

----_-'s picture
----_- (not verified) Sub MOA Nov 9, 2016 4:49 PM

dont forget the nazis are a jewish creation by its core. be careful, shooting the wrong kike will may end you up shooting in your own feet

mountain99889's picture
mountain99889 (not verified) Nov 9, 2016 3:35 PM

Carl I-cohen

Dragon HAwk's picture

hate when i need and extra Billion and my wallet is empty,  Hey Honey, can you spot me a few. Bil

oncemore's picture

Everyone, who followed BREXIT & economy, would expect and do the same.

Good for him.

Cluster_Frak's picture

I like Icahn. I beat him to Netflix when it was traded at $60 on pre adjusted basis. He bought after him. Since then I have been looking for jewels in his portfolio.

strangeglove's picture

In other news Investors with Stop Limits in Place were cleaned out by the Rich to the tune of ????Billions...tata Later suckers

N0TME's picture
Carl Icahn Bought $1 Billion In Stocks During "Trump Crash"



----_-'s picture
----_- (not verified) Nov 9, 2016 4:20 PM

after john oliver talked bad about herbal life i had do change my point on that business scheme.

herbal life is ok and good. even ackmann understood the hard way.


balz's picture

Probably a stupid question, but how is it possible to buy US stocks when market is closed?

Not Goldman Sachs's picture

you do not have enough money to know this answer.

Yen Cross's picture

  Is Icahn  " Traderone"?