Icahn Comments Bruise Stocks
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Revenue Growth %: +15.8%
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Stocks skidded lower mid-day Monday following negative comments on the equity market as a whole from noted hedge fund titan Carl Icahn.
Speaking at the Reuters Summit, Icahn said he was "very cautious" on stocks and said the market could have a big drop. He said corporate earnings are a 'mirage' propped up by low interest rates.
It should be noted that Icahn has made similar comments in the recent past.
Icahn also discussed Apple (NASDAQ: AAPL), saying he doesn't want a fight with the company but has no plans to walk away.
After trading over 16,000 earlier today, the Dow dipped sharply lower on Icahn comments - last trading up 10 to 15,971. The S&P 500, which was flat ahead of the Icahn comments is now down 7 points to 1,790. The broader index was over 1,800 earlier in the session.
Speaking at the Reuters Summit, Icahn said he was "very cautious" on stocks and said the market could have a big drop. He said corporate earnings are a 'mirage' propped up by low interest rates.
It should be noted that Icahn has made similar comments in the recent past.
Icahn also discussed Apple (NASDAQ: AAPL), saying he doesn't want a fight with the company but has no plans to walk away.
After trading over 16,000 earlier today, the Dow dipped sharply lower on Icahn comments - last trading up 10 to 15,971. The S&P 500, which was flat ahead of the Icahn comments is now down 7 points to 1,790. The broader index was over 1,800 earlier in the session.
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