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Carl Icahn – “I think the joyride is over”

Billionaire investor Carl Icahn has signaled the end of the seven-year bull run for stock markets. “I think the joyride is over,” the activist investor said. “I don’t think we’re going to have another ’08 … but I think this market is in very dangerous territory,” Icahn said, referring to the 2008 financial crisis which rocked global markets. Icahn’s comments Wednesday echo the theme of the 79-year-old investor’s special video entitled “Danger Ahead,” which offered a similar dire warning about impending troubles for the market. Icahn has been ringing alarm bells about mounting problems in high-yield bonds and has accused the Federal Reserve of being too slow to normalize monetary policy.

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