Billionaire investor Leon Cooperman took aim at democratic frontrunner Elizabeth Warren on Wednesday.
"If Elizabeth Warren is elected president, in my opinion, the market drops 25%," Cooperman told CNBC's "Squawk Box" on Wednesday. "Bernie Sanders, same thing." Cooperman called on former British Prime Minster Winston Churchill's famous saying "you don't make poor people rich by making rich people poor."
"The main vice of capitalism is the unequal distribution of prosperity, the main vice of socialism is the equal distribution of misery," quoted Cooperman.
Even if true, still not good enough to keep a traitor in the WH.
50-70% is my guess if that happens
If any democrat gets elected - the economy will CRASH. Just like Cuba, Venezuela and the USSR.
Good foresight
You mean like republicans do evrytime they have any power
Short the health care stocks
Bottom line is there will be volatility regardless of who fills the office come Election Day. Have some cash on the sidelines to take advantage of it.
Remember when guys like this said Bush was a god send for the markets...
It's because you guys are scared shitless that big corporation tax breaks will end! Amazon, Delta, etc paid zero tax due to tax break, really?
Oh no, poor rich people on Wall Street. Meanwhile, average folks on MAIN Street might get some representation for once. God forbid!
From a 99 year old white man you said that about Obama and look what happened
Is it overvalued?
Baaaaaa. Fool
It is over valued anyway.
Huelfox2 Seeing as I won’t retire for another 20 years, I’m ok to purchase undervalued stocks.
The tax rate was 70-80% for 40 years. We saw the largest boom of infrastructure during this time. Wages were strong. Now we call it “radical socialism”? 😆
he right u know! just what cnbc wants. she gonna get ceos n banksters! hopefully she gets the thugs n the nba like king james
Absolutely true. The markets would drop 4-5% the day after the election and 20% thereafter. Even a moderate like Biden, to say nothing about Warren, will be pulled so far left, on the GND, coal/shale production, immigration, 'CHINA' ('not a problem'), the economy will tank.
LOL, try 50%
Funny, Wall Street execs also thought George W Bush would be a great asset to them 🤔. How did that work out for you?
5% lower then the start of the year....bubbles are illogical. Debt and money printing rule the markets with no repercussions. sad
Sounds like a good opportunity to position himself well since he is so prophetic
Bring on the buying opportunity!
fantastic. communism is on...Jim Cramer is financial adviser to E. Warren...
Not who I pictured being the first Native American President.. -50%
If I think she can win I will sell everything and go short..
Trump Right Again..
Try 75%
Rich people problems! Lol
At least. None of these loser Dems have an economic plan. All they have is spending and tax plans
This is the mirror image of paulkrugman declaring a global recession was imminent on election night 2016. Avoid financial advice from partisan hacks, it will ruin you. finance investing
Yes because people will rush into cash for those sweet .5% returns.
Ok
Good.. Then is a buy, buy... 😏
Dumbo won't be elected
We know for sure it won’t rise with Can’t Make A Deal Of His Life Depended On It realDonaldTrump
Hmmm. Maybe he should position for that. That's what he is paid millions to do. But I suppose whining helps investors on TV. Too bad econ-pundits have no spine or talent to push back for substantial facts.
Scare tactics
Maybe ask him if there is anything more important than the stock market? 🤷♂️
You mean your money! Tax the rich!!! They are not Gods!!!!
Pfft, only 25%?...rose colored glasses
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Here we go again. More political rants and raves. Wtf. How about stock talk. Your line mtv that doesn’t show video’s anymore.
So what?
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