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10-15-2009, 12:17 PM #1
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Icahn: Economy, Stocks in Danger
Icahn: Economy, Stocks in Danger
Thursday, October 15, 2009 9:10 AM
By: Dan Weil
Legendary investor Carl Icahn there is great risk of a double-dip recession, a scenario that wouldn’t be pretty for financial markets.
"If you get a double-dip recession, and they start coming down, it's going to be a bit of a bloodbath," he told CNBC.
"The amateur investor is going to get hit badly again, because they're pouring money into these funds. Some of these funds managers I do not think are experienced enough to handle some of the distressed stuff they're buying, and they're going to get burned."
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