IPFS News Link • Federal Reserve
Icahn Pours Cold Water On Stocks, Says "Market Could Easily Have A Big Drop"
• zerohedge.comCarl Icahn, who is currently speaking at the Reuters Global Investment Outlook Summit, just poured cold water over the Fed's 16,000 DJIA EOD price target.
ICAHN: ‘VERY CAUTIOUS ON EQUITIES, MARKET COULD EASILY HAVE BIG DROP' ICAHN SAYS MANY COS. EARNINGS ARE A ‘MIRAGE,’ REUTERS SAYS ICAHN: DOESN’T WANT FIGHT WITH APPLE,NO PLANS TO WALK AWAYBut... but.. two POMOs... Still, not too late for K-Fed and his merry unlimited balance sheet trading men to pull a record third POMO today and keep the "wealth effect" illusion going.
The credit cycle is getting long in the tooth...