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Billionaire Carl Icahn is Alarmed by Dangerously High Stock Prices

Carl Icahn says he’s hedging more than ever in preparation for what he sees as a “day of reckoning” coming in stocks. And he’s not the only one. See which other billionaire investors are also hedging in preparation of something big: http://bit.ly/2bEBkvf

00:01 – Audio starts

00:04 – Announcer: “Markets responding to yesterday’s release of the July FOMC minutes with a collective shrug. U.S. stocks finished slightly higher. Gold, and silver, and the dollar — basically flat.

The minutes show Fed governors are deeply divided when it comes to whether or not to raise interest rates from this super low level we see today.”

00:20 – “Fed governors are all over the place with contradictory remarks.

Meanwhile, more market players are voicing concerns about high valuations in U.S. stocks. Billionaire Carl Icahn made headlines yesterday for comments in an interview with Bloomberg.”

00:32.5 – “He’s among a group of prominent investors who are increasingly alarmed about dangerously high stock prices compared to earnings — valuations that are mostly fueled by easy monetary policy.

Icahn declared that he’s hedging more than ever in preparation for what he sees as a “day of reckoning” – that was a quote – coming in stocks.”

00:51 – Gold and silver price charts. Price charts do not reflect live prices. If you’d like to see live prices, please visit https:/www.moneymetals.com/

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Sound Money Defense League News
Stefan Gleason is President of the Sound Money Defense League, a national grassroots lobbying organization working to restore gold & silver to their historical role as America's constitutional money. He also leads Money Metals Exchange, a national precious metals dealer with over 50,000 customers. Gleason has frequently appeared on national television networks such as CNN, FoxNews, & CNBC, & his writings have appeared in hundreds of publications such as the Wall Street Journal, TheStreet.com, Seeking Alpha, Detroit News, Washington Times, & National Review.
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