Carl Icahn Thinks Things Will Get Much Worse Before President Trump Makes Everything Better

Gird your loins.

In his eight decades, Carl Icahn has seen booms and he’s seen busts. And if he were a betting man—and he is—he’d guess that his ninth decade will open with a pretty spectacular one of the latter to make 81-year-old Treasury Secretary Carl Icahn substantially richer than 80-year-old Carl Icahn is.

An investment fund run by the 80-year-old Icahn had a net short position of 149% at the end of the first quarter. Icahn is considerably more bearish than he was at the end of 2015, when the fund’s net short position was 25%....

Icahn Enterprises CEO Keith Cozza said on the conference call that “Carl has been very vocal in recent weeks in the media” about his negative views. ‘We’re much more concerned about the market going down 20% than we are it going up 20%. And so the significant weighting to the short side reflects that.” Icahn was not on the call.

If the Markets Crash Then Carl Icahn Could Win Big [Barron’s]