Activist investor Carl Icahn said that the greater volatility in the markets can’t be denied. He warned that there “may be a bust, ” but “it isn’t as bad as it was in 2008.” The fixes that were made to prevent another Great Recession certainly helped, “but they were no panacea. There are still a lot of problems on Wall Street.”
When can this “bust” occur? Icahn said it won’t happen next week or next month, but it could happen, although the decline won’t be as steep as it was a few years ago. What brings Icahn hope are a few “no brainer” stocks like Apple which, without a doubt, are going to perform well.