According to the 10-Q of Icahn's investment vehicle, Icahn Enterprises LP, he holds, in the words of Zero Hedge, " a gargantuan, and unprecedented for Icahn, 149% net short position."
The current Fed-manipulated boom will eventually end badly, but it does not appear it will do so anytime in the near future. Icahn's massive short position is extremely dangerous at this time.
There might be some short-term weakness in the stock market, as I point out in the EPJ Daily Alert, but there is no indication that we are heading into a major collapse. My view on this could change fairly rapidly but at this point stock market trends could develop in either direction, leaving Icahn vulnerable to an extreme short squeeze.
There have been times when I have been aggressively short, but, I repeat, it is much too dangerous, because of potential upside activity, to do so now.