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

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.”