Icahn: “Earthquake Coming….People Will Pay The Price Like 1929”

“This is something we’ve never seen before… I don’t remember ever seeing a market with this kind of volatility over two weeks.

The market has become a much more dangerous place [due to index funds and ETFs]… it’s like 2008 where everyone was buying mortgages and CDS…..There is going to be a major, major, major correction.There is a huge bubble of passive money flowing in… a sort of euphoria and a lot of people are going to pay the price just like in 1929.