RE:RE:RE:testing the tops
Icahn has said on several occasions that his positions are fully hedged and I would think most of them would be index puts probably covering his portfolio until year end at which point they would expire worthless. If he is starting to worry that we may not get that pullback before year end and he knows the market will correct at some point why not put out a statement like he did today and try to bring the market down so you can get some of your money back on those puts before the market moves higher. Why else would someone with so many long positions come out and deliberately try to take the steam out of a bull market like this one?