Market "Earthquake Is Coming" - Icahn Warns "A Lot Of People Will Pay The Price Like In 1929".

in politics •  8 months ago

This is something we've never seen before... I don't remember ever seeing a market with this kind of volatility over two weeks.

The market has become a much more dangerous place [due to index funds and ETFs]... it's like 2008 where everyone was buying mortgages and CDS.

Concluding that: Passive investing is the bubble right now.

There is going to be a major, major, major correction.

This is a manifestation of a real deep problem we have in our markets.

There is a huge bubble of passive money flowing in... a sort of euphoria and a lot of people are going to pay the price just like in 1929.

Unlike 1929, most of us know whose responsible.

Can't wait for it to pop so I can buy up quality dividend producing companies for pennies.

They haven't brought out the dead from yesterday.They'll try and limp it thru' Friday close, but the corpses will be smelling by then. I doubt the market will make it. Seen this movie before.

Markets are being manipulated and artificially inflated. Stocks are selling for 100+ times what companies are worth. It's a total scam. Companies inflate their stock, sell it , then the companies CEO's and board members take huge cuts. Then when the markets tanks, the shareholders are left holding worthless stock certificates that are worth less than used tampons. It's a great scam.

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