After bidding farewell to the new highs in 2020, US stocks closed on the first day of trading in 2021. Carl Icahn, an investment tycoon with the title of “Wall Street Wolf King,” warned that the stock market may fall sharply and that the market’s “crazy rally” will always end in a dramatic ending.
“CNBC” reported that Icahn said in an interview that he had seen a lot of misvalued stocks go up frantically. They have one thing in common, that is, they will eventually hit the wall and enter a large and painful correction. The other common point is Everyone always says that “this time the situation is different”, but this is never true. But Icahn declined to disclose the details of his position, but said he had been hedged well.
Although the new crown pneumonia has hit the world economy severely, the S&P 500 index still rose 16% last year, and certain technology stocks also experienced dramatic rises.
The rapid rise in US stocks and inflated valuations have made some Wall Street strategists vigilant about recent trends. Morgan Stanley (Morgan Stanley) strategist Mike Wilson said in a report to clients that the time for US stocks to fall is ripe and losses may occur.
(Zhongshi News Network)
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