Late August: The Calm Before the Storm

by Brian Maher
Daily Reckoning

“There’s going to be a day of reckoning here…”

Legendary investors like Carl Icahn are eagles — they don’t flock. You find them one at a time. And their vision extends further than most.

What the multibillionaire sees now from his 10,000-foot perch is a complacent market drifting blissfully down the stream… right for the falls.

“When things look good, they look great… But that’s when you have to really pull down and stop buying.”

Continue Reading at…