"Given the rapid market run-up over the past 2 years and our ongoing concerns about the economic outlook, and recent political tensions in the Middle East, I do not wish to be responsible to limited partners through another possible market crisis."
Basically he is saying that the market is so volatile at the moment that not even he, Carl Icahn, one of the greatest investors in the world is willing to risk investing the money of his clients. Was it one lone ranger's peculiar actions I guess one could over see it, but let's not forget what Bill Gross did.
Named by Forbes in 2009 as 32nd most powerful man in the world, Bill Gross had much to say about the uncertain future of U.S. Treasury Bonds -- and apparently got rid of his recently.
Bob Chapman of the International Forecaster writes:
"The Fed’s idea is to inflate the problems away, but that can only work in general terms. How do you really inflate debt away without default? Perhaps the market is beginning to realize no matter how much money and credit is injected into the system that is not going to ultimately work. The elitists are at a dead end and they are well aware of it because they deliberately created this monstrosity. Everything is in place for economic, financial, social and political failure not only in the US, but in many other countries as well. The result will negatively impact the world for sometime to come. Materialism is coming to an end."I'm not sure what Carl and Bill is suggesting one to do, but Bob, I know, suggests investing in gold and silver bullion.