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Mark Hulbert: Stop Worrying About The Stock Market Crashing!
This Hulbert article seems to add further evidence for the frequent appearance of the 80/20 rule that I discussed in a recent MFO exchange. Here is the internal Link to that discussion:
It's frightful how so many diverse happenings and opinion surveys fall victim (not sure that's the correct word) to the .80/20 or is it the 20/80 Principle?
Can't find any source where Icahn used the word "crash". Also, the market doesn't have to "crash" in order for him to make money on his position; it merely has to decline. And he has seemed to have chosen a reasonable point in the market's history at which to initiate such a position ( multiple years of gains and recent new highs, rich valuations by some measures, interest rate tightening cycle, etc. ) He just needs the economic growth data to slow a little more. Icahn can basically say " you can invent all of the narrative ( the mainstream financial media ) that you want about my investment moves, I got the money ! "
Comments
This Hulbert article seems to add further evidence for the frequent appearance of the 80/20 rule that I discussed in a recent MFO exchange. Here is the internal Link to that discussion:
http://awealthofcommonsense.com/2016/05/the-sp-500-is-the-worlds-largest-momentum-strategy/
It's frightful how so many diverse happenings and opinion surveys fall victim (not sure that's the correct word) to the .80/20 or is it the 20/80 Principle?
Best Wishes.
Icahn can basically say " you can invent all of the narrative ( the mainstream financial media ) that you want about my investment moves, I got the money ! "