Nobody hugged it out on stage, but Jim Chanos did get a travel invitation. The word of the day was "danger." And Donald Trump got a few shoutouts, not all of them kind.
In sum, it was another action-packed and unpredictable day at the Delivering Alpha conference, presented for the sixth time Tuesday by CNBC and Institutional Investor.
Epic moments abounded. But we broke it down to five that, if you weren't there, well, you missed it:
Anyone for Trump? Anyone? Bueller? Icahn?
Investors during one panel discussion were asked if they had met Republican presidential nominee Donald Trump, and several raised their hands. When Avenue Capital's Marc Lasry then asked the room how many would do business with Trump, no one raised a hand. Not. One. Person. At least among panel members, there seemed to be not a lot of support for either candidate, though the Trump moment stood out. (The audience was asked the same question regarding Hillary Clinton, and a smattering raised their hands.) Later in the day, Trump got a little boost when Carl Icahn urged support for the New York real estate tycoon, whom he said would be better for the economy.
The conference ostensibly is supposed to generate ideas to beat the market. But for many in attendance, the prospects are gloomy. Paul Singer of Elliott Management warned that this is "a very dangerous time" for investors. Bridgewater Associates' Ray Dalio said the bond market is "in a dangerous situation." Icahn said it is "very dangerous" in the market. And there were others, all warning that these are perilous times indeed.