Market Overview

Carl Icahn Tells CNBC There Will Be A Major Correction in The Market

Share:
Related SPY
The Sound And The Fury: Trump Threatens To Shut Down Government If Congress Doesn't Fund Border Wall
The Market In 5 Minutes
Dow Chemical Co Buys SPDR S&P 5……, Sells SPDR Select Sector Fund - Technology, SPDR ... (GuruFocus)

Carl Icahn told CNBC on Thursday he believes “there will be a major correction,” but doesn't know when it will happen, “it could three years or it could be three days.”

When people in the barbershop are talking about what stocks they are buying, “that is the time to be cautious,” said Icahn.

Icahn credited the Fed for doing a “great job in saving this country” from the meltdown in 2008, but “with these low interest rates, it's easy to make earnings.”

Posted-In: Carl IcahnAnalyst Color Fast Money Media

 

Related Articles (SPY)

View Comments and Join the Discussion!