An election win for Sanders, Warren, or Buttigieg could tank the stock market by 50%, hedge-fund boss says | Markets Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

The stock market could tank 50% if Sanders, Warren, or Buttigieg win the presidency, hedge-fund boss says

An election win for Sanders, Warren, or Buttigieg could tank the stock market by 50%, hedge-fund boss saysThe stock market could plunge by 30% to 50% if Bernie Sanders, Elizabeth Warren, or Pete Buttigieg are elected president next year, Virtus Capital boss Steven Gidumal warned this week,"If a Socialist is Elected, the Market will sell off BIG," the hedge-fund manager said in a conference presentation."Pick a Socialist - Bernie, Liz, Pete. etc. and the Market would sell off.

Gidumal added that President Donald Trump is"absolutely right to bash the Fed and to do it publicly because a lot of what they do is irrational and has been for the past century.

Gidumal's comments echo those of another hedge-fund manager, Leon Cooperman. The Omega Advisors boss warned in October that

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And that’s ur parent’s 401ks folks.

...Sux to be you. Go Bernie, from an Ozzy.

We expect this since the corporations are buying up their own stock to keep the market up for him.

Alternative headline “Really rich people will pull all their assets and hide them so their government can’t take what they SHOULD RIGHTFULLY GIVE IN THE FUCKING FIRST PLACE creating an economic recession” Ok boomer headline for you.

Of course he did 😂😂😂

Repeating trumps talking points and creating a false flag is unconscionable

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What The Failure Of Warren Buffett’s Latest Deal Says About The Stock MarketThe Oracle of Omaha recently lost a big takeover battle. Buffett will buy value but he is really waiting for the market to come down and then he can spend some of that money. That is like insanity to me - spending your whole life trying to make as much money as you can? Why?
Source: Forbes - 🏆 394. / 53 Read more »