Carl Icahn: “This Market Has A Lot To Be Concerned About”

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Carl Icahn: “This Market Has A Lot To Be Concerned About”
Image: FBN

Activist Investor Carl Icahn appeared with FOX Business Network’s (FBN) Trish Regan during the debut of The Intelligence Report, to discuss the market. Icahn said, “this market has a lot to be concerned about” and that “by keeping interest rates this low you are creating bubbles that you don’t even know about.” Icahn went on to talk about whether this is the beginning of something problematic in the markets saying, “I say it’s not just a question of it could be the beginning… It’s not will it happen. It’s when it will happen.”

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Carl Icahn: This Market Has A Lot To Be Concerned About

Carl Icahn on the markets:

“I say you have to look at things simplistically, if you’re really making a lot of money and you hold it and you’re a successful investor you try to reduce to simplicity. And if you look at it simply this market has a lot to be concerned about and people say well ’07 they said nobody was concerned. People knew that the housing bubble was there. They knew it was a great worry and everybody ignored it... I’m not telling you this market is going to crash, going to go down next week, next month, even next year, but you have to be extremely concerned with what’s going on. I mean consumers really aren’t spending – by keeping interest rates this low you are creating bubbles that you don’t even know about. And I do think that sooner or later the Fed can’t just keep this market up by itself.”

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Carl Icahn on whether he thinks this is the beginning of something problematic in the markets:

“I say it’s not just a question of it could be the beginning… It’s not will it happen. It’s when it will happen unless interest rate bubble is I think holding it up and I think the Fed has to be congratulated for what they did to save this economy in ’08. There is no question that the Fed did hold it up there, but I think now the time has come to stop the medicine and I think it will happen. It will stop.”

 

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