We suspect this will be the last time billionaire investor Carl Icahn is invited on CNBC. Having sold CNBC darling NFLX, he crushed the two main memes of CNBC's raison d'etre - buy stocks, because where else are you going to put your money - "what's better - making 2% or losing 30% as people did in 2008...right now it's an extremely dangerous time;" and the next leg of this bull market will come from an improving real economy - "the economy is not picking up, it is artificial due to low interest rates." The market has way over-estmated how long this will last, Icahn concludes, "keep your powder dry - why do have to own anything risky? It's just nonsensical."
"The longer [The Fed] waits to take the patient off the medicine, the more difficult it's going to be"
Enjoy... (a very quiet CNBC crowd)
