THAT's what a deep-pocket can do# Stock
W*n
1 楼
Icahn left Trump party to buy stocks as markets plunged=
by Matt Egan @mattmegan5
November 9, 2016: 2:52 PM ET
Carl Icahn, Donald Trump's biggest fan on Wall Street, thought it was pure "
insanity" when he saw global markets panicking over the shocking election
outcome.
Sensing an opportunity, the billionaire investors left Trump's party in
Manhattan early to go home and buy "a lot of stock" in the overnight markets
.
"I'm glad I did that," Icahn told CNBC on Wednesday, just hours after Trump'
s shocking defeat of Hillary Clinton. "I guess that's what makes me happy
today too."
Of course, the unspecified bet has already paid off for Icahn, an early and
vocal Trump supporter who said he's "thrilled" at the election outcome.
Dow futures had been down nearly 900 points overnight as investors initially
freaked out over the inherent uncertainty of a Trump presidency. But calm
was soon restored and U.S. stocks are actually in rally mode on Wednesday,
with the Dow up almost 300 points.
"I personally don't believe that Trump is bad for the market necessarily,"
Icahn said.
Related: Don't panic! Trump win may not be bad for stocks
In fact, Icahn said he believes Trump's anti-establishment mindset and
promise to get rid of unneeded regulation could unshackle the U.S. economy.
"Now is the first time that I think there is a chance for our economy to
come out of this," he said.
Trump had mentioned Icahn's name early in his campaign as a potential
Treasury secretary. But Icahn said he's not the "right guy" for the job even
though he is enthusiastic about the incoming Trump administration. "I've
never worked for anyone in my life," Icahn said, adding that he has a
business of his own to focus on.
Icahn, a frequent critic of overregulation, warned against the idea of
completely getting rid of new rules placed on Wall Street. For instance, he
said he would not support rolling back the post-crisis regulatory framework
for banks known as Dodd-Frank.
"You can't let the regulators start running the country," Icahn said. "But
you can't have a market that runs amok either. Wall Street ran amok in '08.
You need regulation."
by Matt Egan @mattmegan5
November 9, 2016: 2:52 PM ET
Carl Icahn, Donald Trump's biggest fan on Wall Street, thought it was pure "
insanity" when he saw global markets panicking over the shocking election
outcome.
Sensing an opportunity, the billionaire investors left Trump's party in
Manhattan early to go home and buy "a lot of stock" in the overnight markets
.
"I'm glad I did that," Icahn told CNBC on Wednesday, just hours after Trump'
s shocking defeat of Hillary Clinton. "I guess that's what makes me happy
today too."
Of course, the unspecified bet has already paid off for Icahn, an early and
vocal Trump supporter who said he's "thrilled" at the election outcome.
Dow futures had been down nearly 900 points overnight as investors initially
freaked out over the inherent uncertainty of a Trump presidency. But calm
was soon restored and U.S. stocks are actually in rally mode on Wednesday,
with the Dow up almost 300 points.
"I personally don't believe that Trump is bad for the market necessarily,"
Icahn said.
Related: Don't panic! Trump win may not be bad for stocks
In fact, Icahn said he believes Trump's anti-establishment mindset and
promise to get rid of unneeded regulation could unshackle the U.S. economy.
"Now is the first time that I think there is a chance for our economy to
come out of this," he said.
Trump had mentioned Icahn's name early in his campaign as a potential
Treasury secretary. But Icahn said he's not the "right guy" for the job even
though he is enthusiastic about the incoming Trump administration. "I've
never worked for anyone in my life," Icahn said, adding that he has a
business of his own to focus on.
Icahn, a frequent critic of overregulation, warned against the idea of
completely getting rid of new rules placed on Wall Street. For instance, he
said he would not support rolling back the post-crisis regulatory framework
for banks known as Dodd-Frank.
"You can't let the regulators start running the country," Icahn said. "But
you can't have a market that runs amok either. Wall Street ran amok in '08.
You need regulation."