ICAHN: The Trump rally in stocks may have gone too far

[applegrove]

by Akin Oyedele at Business Insider

http://www.businessinsider.com/carl-icahn-trump-rally-2016-12

SNIP............

Hedge fund titan Carl Icahn says the stock market's rally following President-elect Donald Trump's victory may have gone too far.

All the major stock-market indexes jumped to record highs after the election, and the Dow Jones Industrial Average has gained more than 1,000 points in the month since.

Investors' optimism has increased, as they bet that Trump's promises to cut corporate taxes and ease business regulations would be additive to company earnings.

"The market is not going up because Donald has gone and kept Carrier from going to Mexico," Icahn told CNN's Poppy Harlow on Saturday. "The market is going up — and maybe it's gotten ahead of itself, I'm not going to say it hasn't — but it is going up because it's perceived that this is going to be a very pro-business presidency and government


.............SNIP

[applegrove]

1. If Icahn thinks it is a bubble now think how bad it will be when people invest their SS

into the market when it is privatized. The public will be transfering their wealth to the wealthy as they buy overpriced stocks. One more time a transfer of wealth to the wealthy.

[Dawson Leery]

2. A 10% gain in 5 weeks is too much.

[global1]

3. I Think It's End Of The Year Bonus Time For Wall St. And They Are Driving The Market Up To Pad.....

their bonuses. Let's watch after the first of the year and see what happens.

With no hike in minimum wage. With crushing the unions. With the price of oil going up and hence higher gas prices. With the cost of everything else going up in concert with the oil prices.

How could this be pro-business. People won't have the money to buy anything that the businesses make. They are shooting themselves in the foot.

We're in for another Bush like recession - if not worse. And this time it might be next to impossible to climb out of.

[still_one]

4. Icahan is a trump supporter

[applegrove]

5. I know. I am not sympatico to him. But if he is worried then we should be ready

to fight to keep ss out of the stock market.

[still_one]

6. Sure, Just Commenting for those who were not aware of it

[applegrove]

7. Cool.

[doc03]

8. Has anyone noticed the bond markets are dropping in anticipation of

higher deficits and interest rates. Mortgage interest rates have already risen 60 basis points .6%. The money is just moving out of bonds into stocks. You hear little about that on CNBC. Oh and the Dow has gone up 10000 points since Obama took office.

[Wellstone ruled]

9. Just a stock marker rotation.

2.2 trillion dollars have been coming out of the bond market since April. Now this money is going into stocks. Standard Market action. Icahn lost several billion when he bet on a market crash after meeting with Trump and leaving the victory party to put more money into the market. He went short and now he is having to cover,what a dumb ass.

[TrekLuver]

10. I work at a retirement company and a client with a lot of loot called and said I want to transfer

all my money out of the market and into the interest account I don't Trust Trump. That is about the one thing that he is consistent with and that you can count on....his untrustworthiness.