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...