Wed Jun 24 2015
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Carl Icahn Says “Market Is Extremely Overheated”, Slams Permabulls


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Just because Carl Icahn expects AAPL stocks to still double from here (even as he found many greater fools to sell all of his NFLX stock to) doesn’t mean he doesn’t think the market is not a bubble. Quite the contrary. And as the billionaire investor just tweeted, following his early disclosure that he is still very bullish on AAPL until he finds enough willing buyers – which for a position of his size could only be the company itself which explains his constant push for AAPL to boost its buyback – Icahn just noted that the market is “extremely overheated”…

… and warned against listening to permabulls and those who, like Bank of America which does not foresee a recession for the next deaced, refuse to admit reality, saying the 2008 bubble could have been avoided if more had spoken up about the risk of a bubble in 2007.

There is one problem: when the Fed itself is blowing the biggest bubble ever, then what? And what happens to Icahn’s AAPL holdings once the Fed finally admits it was all the biggest bubble in capital markets history?


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