Tuesday, March 8, 2011
Icahnic Indicator
One of the most prolific hedge fund managers ever has decided to give back approximately 1.6 Billion dollars in investors money by April 1st, due to his belief that the current market is so unstable and could quite possibly take a turn for the worse. Yes Carl Icahn, Stanley Druckenmiller, and Chris Shumway have decided to Hedge there bets, sorry for the pun by temporarily, or permanently disconnecting themselves from potential investor losses. With a total past return record of over 104% and 8.7% in the first two months this year Icahn Capital finds this market to risky. It seems to definitely be overvalued, and has run-up to fast to be considered stable. The only solid indicator is that almighty Wall Street has not lost its groove in the bubble creation department.
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