Man, the hype that comes with being one of the biggest A-Hole on Wall Street, simply astounds me. Carl Icahn, The Exterminator has spoken. According to Carl, the markets are about to crash, or at least a 10% correction in the near future. His thesis is Fake Earnings, and Non-Existent Economic Growth, which would make sense if he himself was net short the market. In fact, if Icahn is so Bearish on the economy, why did he just buy $1+ Billion worth of AAPL shares? Is AAPL also reporting FAKE Earnings?? Come on son.
This is the exact farce that makes me sick, esp. when it moves the markets. Right after Icahn’s comments, the markets reversed and since then, the cautious approach has continued into today’s market action.
So is the market Over-Bought? Is the market about to Crash? 10% Correction?
All these are pure hypotheticals, and anyone who thinks that they can Time the markets, is merely delusional. Not sure of Icahn’s intentions, and neither do I care. The reality is, as long as you’ve got the Central Banks around the world flooding the markets with FREE Money, I wouldn’t bet against these BTFD Markets. Sorry.
Although, there are a lot of negative and bearish blogs out there that are extremely happy after listening to what Icahn had to say. Wishful thinking indeed; or more like a Propaganda machine churning out BS.