Icahn: These are just the beginnings of a rumbling

Sharing is Caring!

From CNBC:
 

Billionaire Carl Icahn calls market a ‘casino on steroids’ from CNBC.

 
Billionaire Carl Icahn told CNBC on Tuesday there are too many exotic, leveraged products for investors to trade, and one day these securities are going to blow up the market.
The market is a “casino on steroids” with all these exchange-traded funds and exchange-traded notes, he said.
These funds, especially the leveraged ones, are the “fault lines” that will eventually lead to an earthquake on Wall Street, he said. “These are just the beginnings of a rumbling.”
Continue reading at CNBC

See also  The Second half of 2021 begins soon. Choose which of these 5 scenarios you think is most likely to play out over the next six months.
See also  The Second half of 2021 begins soon. Choose which of these 5 scenarios you think is most likely to play out over the next six months.
437 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.