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."

As for financial markets, "I think that you have to be cautious,â€