Carl Icahn said Thursday that bearish bets by fellow billionaire investor George Soros have some merit because the stock market has been artificially boosted by prolonged low interest rates.
Some of the values in stocks, "you have to wonder," the chairman of Icahn Enterprises told CNBC's "Squawk Box."
Soros returned to trading after a long hiatus, according to The Wall Street Journal, directing a series of big, bearish investments. The paper reports he sold stocks, and bought gold and shares of gold miners.
Lots of experts make predictions about the stock market, Icahn said, but it's "ridiculous" to think anyone can always get it right in the short-term.
He added that he sees China posing a "risk" to the global financial landscape: "I don't think the last bullish guy in the world would ignore that."
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