Icahn comments hit averages

|By:, SA News Editor

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