“Carl Icahn’s concern that U.S. stocks are vulnerable to losses is at odds with his optimism about Apple Inc., the company most responsible for their climb during the past six years,” David Wilson reports for Bloomberg.
“‘The market is extremely overheated,’ Icahn wrote in a Twitter post yesterday,” Wilson reports. “A follow-up tweet from the billionaire investor referred to 2007, when a bull market for stocks began giving way to the biggest plunge in the Standard & Poor’s 500 Index since the Great Depression.”
“Icahn posted on Twitter that Apple represents the ‘same opportunity’ that Netflix did several years ago,” Wilson reports. “He estimated in May that the shares were worth $240 each. That’s 87 percent more than yesterday’s closing price.”
Read more in the full article here.
[Thanks to MacDailyNews readers too numerous to mention individually for the heads up.]