Icahn: The market will one day 'implode' because of these wacky funds using so much leverage

ArticleDebt crisis February 13, 2018 - 9:29:48 AM

Billionaire Carl Icahn told CNBC on Tuesday there are too many exotic, leveraged products for investors to trade, and one day these securities are going to blow up the market.

The market is a "casino on steroids" with all these exchange-traded funds and exchange-traded notes, he said.

These funds, especially the leveraged ones, are the "fault lines" that will eventually lead to an earthquake on Wall Street, he said. "These are just the beginnings of a rumbling..."

Source:cnbc.com

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