Carl Icahn says 'time to be cautious' on US stocks

Billionaire activist investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid

REUTERS: Billionaire activist investor Carl Icahn said on Thursday that it is time for US stock market investors to tread carefully after the run-up on Wall Street.

"In my mind, it is time to be cautious about the US stock markets," Icahn said in a telephone interview. "While we are having a great year, I am being very selective about the companies I purchase."