by Berkeley Lovelace Jr.
Billionaire investor Carl Icahn told CNBC on Monday he is “more and more” concerned about the stock market, and many S&P 500 companies are “way overvalued,” considering the risk in emerging markets.
In an interview with Scott Wapner on “Fast Money Halftime Report,” the chairman of Icahn Enterprises said he is cautious about the market on the long term basis, but on the short-term it’s “anybody’s guess.”
Icahn did say, however, that nutritional supplement-company Herbalife is “undervalued” and is a good model that gives jobs to many people. Icahn’s firm is the largest shareholder of Herbalife, and he has been in a high profile battle against hedge fund billionaire Bill Ackman over the company.