How Not to Invest in Today’s Markets

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What Carl Icahn Really Meant About the Markets

Carl Icahn wants to be clear about his seemingly bearish stock market comments yesterday.

The famed activist investor was speaking at the Reuters Global Investment Outlook Summit Monday when he made remarks that halted markets' gains.

"I am very cautious on equities today," Icahn said. "This market could easily have a big drop." His reasoning is that earnings at many companies have been juiced more by low borrowing costs than by strong management.

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