Carl Icahn Warns Of "Bloodbath" For Many Investors (VNQ, MSFT, YHOO, GOOG)
Carl Icahn, on a CNBC interview this morning, stated he worried about a possible "bloodbath" for investors if the economy does not recover quickly and sharply.
Mr.Icahn sees a large risk of a double dip recession and if that were to happen he thinks the market would swoon capturing a lot of investors who have recently bought back in unawares.
Mr.Icahn is wondering why "any investor in their right mind" would own REITS as he sees that market ready to deflate due to high overcapacity. He actually would short the sector via an ETF like the Vanguard REIT Index (NYSE: VNQ).
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