from Zero Hedge
One month ago, we were stunned to report that none other than billionaire Carl Icahn had taken the net exposure of his hedge fund, Icahn Enterprises, from a modest net 25% short – his recent negative bias on the market was hardly a secret – to a practically apocalyptic, 149% net short which is about as close to betting on a market crash as one could get.
[…] Then last month, billionaire trader Stanley Druckenmiller warned that “the bull market is exhausting itself” and in a presentation titled “The Endgame“, he explained why he too is dumping equities and buying gold.
It turns out Icahn and Druck weren’t the only iconic traders betting on a market crash.