"If Bernie Sanders became president, I think stock prices should be 30% to 40% lower than they are now," he said Friday. "The good news is we'd all be much more equal because everybody would be poorer but the rich would have lost a lot more wealth than the poor would have."President Donald Trump will lose his re-election bid
thanks to discontent in key swing states, saying the Republican president got lucky in 2016 and may not have the same good fortune this time if the Democrats run a centrist politician. "I personally think it's going to depend on the Democratic candidate, but he drew an inside straight: he won seven out of seven states by less than half a percent," Druckenmiller said. "If you go county by county in Pennsylvania, Michigan and Wisconsin, he is in deep, deep, deep trouble. And that was with the economy growing at 3%."
They would fall 30% if the Fed wasn’t in the business of trying to prop up the market. Economy is slowing down, Wall Steet anticipates rate cut, market skyrockets. Corporate debt balloons. Someone has to tell the king he’s. Not wearing any clothes. Pain ahead .
Ha! That will happen with any of the democratic candidates. Double that for the socialist candidates.
No, they would drop the 30% somewhere around October of the prior year, 2019, if it seemed likely. Just like it did, when McCain picked Palin and suddenly B Hussein Obutthole became likely to win.
I’m sure that every red state dupe who voted for trump is really concerned about Wall Street.
That’s what they said about President Trump, see what happened now?
Sounds about right.
Nice try.
True
Bernie will never be elected. Even AFTER trumps 2 terms.
I love when people say that if the stock market falls only the rich suffer. But those people forget that all the 401Ks are tied to the market. IDIOTS
Good
Lol
80% of the voters have very little invested in the markets. I don’t think they’ll care. Doubt they’ll even notice.
Of course
Predictions are ridiculous. When will these Wall Street egomaniacs learn? Having said that, Comrade Bernie would be will a disaster for the economy.
Ahhh poor guy doesn’t want his kids trust fund to go down.
If taxes are increased back to pre-Trump levels, the math supports what he is saying. If you then add aggressive regulatory expansion, nationalization of healthcare & other big gov't socialist policies, the decline could be much greater than 40%.
WHOSE stocks!!!!!?!!!!! Stock markets are being manipulated anyway. 'They'll' find a way around it.
AND... 401K’s would be the target of confiscation.
Nothing drastic is going to happen under Bernie. He wants for people to have a chance for more wealth equality. The rich are not going to lose a damn thing, they just have to pay their first share of taxes- especially companies who are paying zero.
Bullshit! I am no fan of the Junior Senator from Vermont, but this comment is Bullshit.
Saba_Capital 82.6% of all percentages posted on Twitter are made up to advance the poster's agenda.
I wish he would brush his hair. He looks like Doc Brown if Doc Brown was a moron.
That will be great news for me!!! I vote for Sanders!!!
Many 'experts' said the same thing about Trump being elected. No way in hell I'm ever voting Bernie, but this will likely not happen.
So they would revert to their true value?
He means just in the first month, right?
That bubble is going to pop in 18 months no matter the election. The last gasps of economic canibalism are here. He also said “entitlements” were the economy’s Achilles heel (ignorant dog whistle). That’s where I saw he was a dinosaur.
DRUNKEN IS DRINKING THE COOL AIDE. IF YOU BUY JUNK YOU END UP WITH JUNK
So 1% of the people lose a little discretionary money. Whoop Dee Do, it's just paper anyway. Real value of a company are the underpaid employees doing the work. Not the good old boys at the top. InequalityMustChange!
CNBC won’t talk about Druckenmiller saying Trump can’t win but this opinion on Sanders they’ll run a hundred times today
Stanley and the 1% everytime Bernie speaks
At least
If you watched the interview, he also said he did the numbers and doesn't think Trump can win (but CNBC has to be careful not to upset larry_kudlow). trump
The Stanley Druckenmiller headline should have been Trump is in political trouble not because of tariffs but because of behavior
i need a buying opportunity, so let's elect bernie.
He will not even cross the finish line at the DNC....so no worries
That’s what happens when a Ponzi scheme collapses
Good.
20-30% from the rest of the Dem field...
Yep. Sounds about right. Markets gonna drop double that if AOC ever becomes president. Wait till she announces that she’ll start taxing Roth contributions.
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