by Matthew J. Belvedere
Carl Icahn told CNBC on Thursday that bearish bets by fellow billionaire investor George Soros have merit because the stock market has been artificially boosted by prolonged low interest rates.
Some of the values in stocks, “you just have to wonder,” the chairman of Icahn Enterprises told “Squawk Box” in a wide-ranging interview.
Soros has returned to trading after a long hiatus, according to The Wall Street Journal, directing a series of big, bearish investments. The paper reports he sold stocks, and bought gold and shares of gold miners.
Icahn did not get specific on areas of agreement with Soros, saying at the time of the interview that he hadn’t had a chance to take a deep dive on the Journal article.