The economy cannot be turned on again “like a spigot,” the famed activist investor, who at age 84 has weathered decades of past financial crises,Icahn said that he was not buying stocks right now, and instead hoarding cash, because he thinks the stock market is overvalued.Bloomberg, saying, “short-term, you may have some big downdrafts.
”Icahn’s biggest trade right now is a multibillion short position against the commercial real estate market, which he has previously predicted will “include industrials like oil refiner CVR Energy and auto-parts maker Tenneco—both of which have been hard-hit during the pandemic.“Today the risk is too high for the reward in many companies,” Icahn said.
skleb1234 skleb1234 i’ve been following you for a bit - i’d really enjoy if I could contribute to any of your posts soon
This is also the guy who never liked NFLX. Bought it when his grandson recommended it. Made 300% then sold it. Leaving another 800% on the table. He was always a fool.