Legendary activist investor, Carl Icahn was vocal about his support for Donald Trump from the very beginning of the presidential-elects campaign. To the victor, goes the spoils and today Icahn Enterprise is well-positioned to capitalize and prosper throughout the reign of a Trump administration.
I have had my eye on Icahn Enterprise (IEP) for quite some time now.
With a dividend yield north of 10% and a financial mastermind at the helm: I believe that IEP presents a very attractive long-term investment opportunity.
Carl seems to agree: Upon further investigation, one must marvel at the amazing prowess of Icahn in assessing the value of his own company. Insider trading transactions reveal Icahn managed to dump most of his shares near the recent peak. One sizable retracement later, we find Icahn sitting fat with the IEP boat fully loaded as the tide sways north.
Carl Icahn's no fool- I'm in!
Earlier this year it was the talk of the town.
Everybody was talking on the mainstream news networks about the behemoth that is:
FB, AMZN, NFLX, GOOG.
Market Leaders of the new era...
Well let's see how that's playing out...
Losing leaders: NFLX & GOOG down in a year of trading...
Isn't it interesting how every time the consensus is talking a major turning point is near...
Everything you hear, read & see is filtered.
The media the biggest offender of pumping out propaganda.
Everyone has an agenda. Everyone is trying to sell you something.
Use your brain. Think for yourself.
Filter bias by using hard data.
Let the numbers do the talking.
GDP, Economic Data, Price Action. Let's see the charts, not the spin.
Trading. Let's see the execution & the profit if you can really do it.
Filter the world through your own mind.
Look at the world how you see it.
Do not succumb to other peoples visions.
Think for yourself.
Create your own existence.
The thing I hate about people who oppose capitalism is they don't understand Risk.
These people have no idea how difficult it is to create a successful business or actually make money speculating.
In capitalism, everyone has the opportunity to make it big but it takes unbelievable focus, discipline, & passion.
I fully embrace capitalism but not this crony-capitalism we have now. The banks have gotten too big. It's become fascism. Governments imposing unnecessary barriers, regulating out competition.
We need the return of small business.
We need to say fuck you to the rest of the world, impose tariffs & bring manufacturing back domestically.
We need the money & we need the economy focused at a local community & state rather than federal level.
We need real free-market interest rates.
I believe capitalism can be reset but this credit bubble must burst. We need to get the defaults out of the way & the behemoth banks broken up.
There will be a few years of deep recessionary pain as we go through this reset but on the other side of that I believe we will see an economic boom greater than anything we've seen in history!
Consistent with my core Deflationary macroeconomic thesis & worldview I expect the US Dollar to continue it's longstanding Bullish Supertrend throughout 2016.
I also believe that with the Japanese Yen inverse correlation to equities coupled with a bear market in stocks. It is likely that the Japense Yen rises in tandem with the US Dollar throughout 2016.
Perhaps what has been most surprising is the resiliency of other developed market currencies (specifically the Euro.)
As we can see, the trade weighted US Dollar (comparing the dollar against every currency including emerging market currencies) is going nearly parabolic.
This is Deflation. As credit defaults, money gets destroyed. This in turn, makes the currency more valuable.
As long as we remain in a Deflationary environment, Cash is King!
The Breadbox Rotation is kicking in as some of these soft commodities begin to perk up.
The Wilshire 5000 has weakened Below the 200DMA as Compared to Stocks, The Dollar, Treasury Note Yields, Treasury Note Prices, Cocoa. The Only Thing they are Outperforming is Oil!
This Means that currently Equities & Oil are the Worst Asset Classes to be in.