Carl Icahn's hedge fund made $120 million shorting the S&P index last week, according to Bloomberg.
Add that to the $415 million Icahn Capital made when its huge stake in Motorola got a boost from the announcement of its deal with Google and last week was hugely profitable for Icahn. He made at least $535 million.
And according to Bloomberg, he's still short the S&P. Their sources say that Icahn became bearish last week and he's sticking with a negative outlook.
Read more: http://www.businessinsider.com/carl-icahn-just-made-120-million-shorting-the-sp-2011-8#ixzz1VnnHk7OK
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