Yeah...the problem with your analysis is that Icahn was never really &quot;short&quot; the market when he said those things. He owned big momentum stocks, as a matter of fact, Apple, Netflix, etc. Now he has a massive short position in the market, his money is now where his mouth was&#x2F;is.<p>The first time in your analysis that he actually said he was hedging, the market took a nose dive of 20%. I think his advice is worth warrant, especially when you have people like Bill Gross saying similar.<p>It&#x27;s of my opinion that we are in an asset bubble, but we could have a &quot;blow off top&quot; before we really see what happens. Stock declines also generally occur during election years after a 2 term President, so it&#x27;s a generally good bet for a correction at the very least. But, if I really knew what was going on, I&#x27;d be rich.