Monday, February 18, 2013

Icahn, Herbalife and Greed, Sponsored by the Fed - Forbes

Icahn, Herbalife and Greed, Sponsored by the Fed - Forbes: Are those too just a part of the mirage the Fed has conjured? Is the four-year bull market that has seen stocks more than double since the panic lows another illusion? This bull, like all before it, will eventually bust. But if you’re waiting for a rerun of ‘08 to know that reality has been restored, the bunker could get awfully lonely.

Today ten thousand day traders will pile into Herbalife (NYSE: HLF) because Carl Icahn, celebrated champion of Netflix (Nasdaq: NFLX), bought a lot of Herbalife shares and declared them cheap. Does anyone care that this is the same Carl Icahn whose hedge fund lost 35% in 2008 while nemesis Bill Ackman was riding his MBIA (NYSE: MBI) short to fame and riches? No, no one does.

So um... Is isagenix a scam?