Market Watch: Warning from Icahn as markets rebound

On this last day of September, stock markets made back a decent amount of the losses from earlier in the week but even with today’s gains, tremors rumbled through the financial world following dire predictions from billionaire business entrepreneur Carl Icahn.

Icahn told CNBC’s “Fast Money: Halftime Report” today:

“Markets look “way overpriced” and many investors have put themselves in “dangerous” positions. We’re in a bubble and the public in my opinion is going to get really hurt,” This market is in very dangerous territory. I think earnings are misstated and sort of a complete mirage.”

Many of the points that Icahn focused on today are in a video that he posted this week entitled “Danger Ahead.”  Watch Carl Icahn on today’s (9/30/15) edition of CNBC’s Fast Money Halftime Report below.

Listen to more of Carl Icahn’s interview with CNBC today- here.

Thanks mainly to a surge in world markets, U.S. stocks did gain about about 1.5 percent or more today, but the major averages still struggled with the worst quarter in four years

Here are the final numbers from Wednesday, 9/30/15 on Wall Street:

Dow Jones Industrial Average: 16,284.70 (+235.57/ +1.47%)

NASDAQ: 4,620.17 (+102.84 / +2.28%)

S&P 500: 1,920.03 (+35.94 / +1.91%)

Phil Cannella

Phil Cannella

As a partner with CBS Radio in Philadelphia, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella
- 3 days ago
Phil Cannella
Phil Cannella

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