Carl Icahn advises caution in the equity markets
Breakfast with Benjamin: Carl Icahn warns that stocks are on risky ground. Plus: Interest rates and volatility are raising red flags, one man's take on the Fed-fueled bubble, the SEC is watching for political-donation conflicts, gold gets no respect, and institutional money is chasing solar energy stocks.
- Carl Icahn used yesterday’s market reaction to Portugal’s banking crisis to remind investors that stocks are in risky territory. When the billionaires get nervous, take notice. ‘I’m very selective about companies I purchase’
- Low-volatility and rate risk have the markets on edge. Market complacency is rarely a good sign. A boon for non-traditional bond funds
- The Fed-fueled stock market bubble is not a bad thing and it’s not a bubble, according to this guy. Hmm. ‘No sign the Fed caused an irrational rise in prices’
- Advice for advisers regarding political donations. The SEC is watching for “pay-to-play” conflicts. Compliance trip wires
- Gold looks golden, but still can’t seem to erase the blemish of the bubble that burst in 2012. Skepticism surrounding gold is bullish
- Solar energy stocks were hot properties during the second quarter as about half the stocks in the Guggenheim Solar ETF saw spikes in institutional investing. Take this as a bullish indicator. A highly volatile experience
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