- Many companies' earnings are a "mirage," says Carl Icahn at a Reuters conference, and markets could be set for a big drop (presumably excepting the stocks he owns).
- It's not the first time Icahn has expressed caution on the broader markets over the past few months, but with the averages looking a little bit extended after a big run, any excuse to sell will do.
- S&P 500 (SPY -0.4%), DJIA (DIA), Nasdaq 100 (QQQ -1%).
- Index ETFs: SPY, QQQ, SH, DIA, SSO, SDS, PSQ, IVV, SPXU, UPRO, VOO, QID, DOG, TQQQ, RSP, SQQQ, DXD, QLD, RWL, EPS, UDOW, SDOW, DDM, BXUB, QQEW, QQQE, SFLA, TRND, BXUC, QQXT, BXDB, TNDQ
at Zacks.com (Tue, 2:16PM)