Carl Icahn betting on market collapse – 150% Short on market

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The ‘smart’ money is betting against the markets, betting they will continue downward. Should us regular folk pay attention or is it a scare tactic so they can make more money? I would suggest that the fundamentals tell us that the markets are in a massive bubble and we should be ready for a collapse or severe downturn no matter what the smart money is doing, although they usually have a better idea of it since its their lives and their money on the table.

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