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At some point the markets will hit a wall


..But don’t know when

At some point the markets will hit a wall

“Legendary Investor” Carl Icahn is on CNBC. He’s a little cautious about the market but also says he doesn’t know when the market will turn around.

  • At some point the market will hit a wall
  • there will be a crisis in the direction we are heading; the way we print money, the way inflation moves
  • Don’t know when to hit the wall will happen.
  • I am not into bitcoin. I just don’t understand it.

Meanwhile, US stocks are mixed:

  • Dow industrial average -20 points or -0.06% to 35,273.66
  • S&P Index +9.57 points or 0.21% at 4480.76
  • The NASDAQ index up 66.62 points or 0.45% to 14,964.19

The interview with Icahn tends to go on for a bit while he is rambling.

Meanwhile, Morgan Stanley’s Mike Wilson kind of (“again”) threw in the towel today by saying:

At some point the markets will hit a wall
At some point the markets will hit a wall

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