Carl Icahn Turns Apocalyptic: “I Am More Hedged Than Ever, A Day Of Reckoning Is Coming”

Wednesday, August 17, 2016
By Paul Martin

by Tyler Durden
Aug 17, 2016

“I have hedges on, I’m more hedged than I ever was. [The market] is way overvalued at 20 times the S&P and I’ll tell you why: a lot of it is a result of zero interest rates. That’s going to be hurt. There’s going to be a day of reckoning here. I’ve seen it many times in my life. When things look good, they look great. You go into the sky. But that’s when you have to really pull down and really stop buying.”

The Rest…HERE

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