Carl Icahn Believes That A Correction Is Coming

In an interview with Scott Wapner on CNBC, Carl Icahn said that he is worried about the economy and that he believes that a correction is definitely coming.

Icahn has been concerned about the economy for a year or so because he thinks that it is not possible to keep the economy up just with the Fed. Icahn added that he had a lot of stocks that had more room on the upside and he kept them in his portfolio, but he decided to short the S&P 500 as a hedge.

When it comes to the timing of the correction, he is not sure when it is going to come, but when you hear that everybody is bullish and that everything is all right it is time to be concerned, thinks Carl Icahn.