True Pundit

Business Politics

Carl Icahn Bought $1 Billion In Stocks During “Trump Crash”

“I thought it was absurd that the market, the S&P was down 100 points on Trump getting elected,” Icahn said in a phone interview. “I tried to put a lot more to work, but I couldn’t put more than about a billion dollars to work,” he said.

Just as notable, we now know that Icahn, who said he’d taken off some hedging trades last night, after saying in August that he was more hedged than ever, is now openly bullish again. The billionaire said that the U.S. economy isn’t out of the woods yet, but he called Trump coming in “a positive, not a negative” for the country.

Speaking earlier in a telephone interview on CNBC, Icahn reiterated he has no interest in taking on the role of Treasury secretary in Trump’s administration. “I don’t think I’d be the right guy to fit into Washington, you know,” he said. – READ MORE