ICAHN WARNS: Market is Extremely Overheated
See his video here: Danger Ahead
Wall Street billionaire Carl Icahn, in a new video, “Danger Ahead,” tells a story of the upcoming problems that have sprung from Washington DC and Wall Street. In the video, Icahn explains why Republican candidate Donald Trump is popular in the polls. Icahn also addresses the carried-interest tax loophole and the repatriation tax. He also delves into corporate inversions.
Icahn talked about earnings and stock buybacks. He discussed his opinion on the earnings mirage and how guidance ignores, “stock compensation, ignore restructuring costs, don’t amortize intangible assets and ignore takeover costs.”
Icahn tackles the issue of easy money being driven by the Federal Reserves’ zero-interest-rate-policy (ZIRP). Icahn mentions why he labeled BlackRock “as an extremely dangerous company.”
Wall Street does what Wall Street does best, sell securities,” when talking about high-yield bonds.
“I’ve seen this before,” warns Icahn.
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