Stocks have 'at least 10% to 15%' further to fall: Scaramucci

The U.S. is in a "protracted bear market" and stock prices could fall further, according to Anthony Scaramucci, an investor and former White House communications director.

In the short term, however, he said he is optimistic because of the expectation that Congress will approve economic stimulus for the country. He also said U.S. President Donald Trump could emerge from this crisis "very strong" if he executes on the stimulus. "I think it's still a toss-up, going into November," he added.

Anthony Scaramucci, former director of communications for the White House and founder of SkyBridge Capital LLC, speaks during the Skybridge Alternatives conference in Las Vegas, Nevada, U.S., on Wednesday, May 8, 2019.

realDonaldTrump 2021!!!

I am reporting this tweet. I am done seeing negative news used by some to get richer. They place short bets and move market to their favor using fear and panic. CNBC should be banned from news reporting as all they report is negativity.

Scaramucci is just one of a kind fomo blower. Comes to surfaces every time when things go “bad” and always gives wrong predictions.

NOBODY. KNOWS. ANYTHING.

CNBC = verbal diarrhea 🤮🤮

Nobody cares what he thinks

Tell him close your short position and keep quiet!

30%

Seriously why quote this idiot

I agree! The Fed is the only thing holding up the market right now!

Why the heck are we quoting him

Why because you have short positions? No one cares about your selfish opinions.

15,000 is the bottom

The Mucc should open a Deli!

“Scare”mucci

Who cares what he thinks? Good grief.

This guys a loser.

So you think I’m listening to him ?

It will go to 12,000 before goes back up, Muchi ! Recall 2008, it was 6,000 ! But it will back up to 20,000 by the end of the year. You watch

Since when did Anthony become an investor expert?

Then he'll buy more

CNBC—quick question—-any chance we can get an update from Eunice Yoon. I may have missed it but I am not seeing daily reports since situation in China appeared to be getting better? Hope she is okay.

What the he’ll does this guy know about finance? Who cares what the muc says, thinks or does.

And the rest 😂😂😂

Like he knows!

It is nothing more than a guess as everything right now is policy and most importantly virus driven. Basically waiting for medical breakthrough as staying inside to avoid it isnt a solution, its fear

I can believe that

I am bullish now if this media whore is negative

We're in a depression my friend.

LOL, I guess scarface and ackman both have their short positions in...

1929 all over again.

Schools better prepare for more BIG budget cuts. Teachers pension funds are invested in stocks. Pensions are not unbreakable promises.

Someone woke up irrationally optimistic today. With 30% unemployment and 30% contraction, its at least another...30%, not that that's the correlation. 1929 will look like a cakewalk.

No but another 25% dipped!

How about 30-40%?

You should close the markets, any valuation now doesnt reflect reality, just fear and panic!

HE IS WRONG IT IS MORE LIKE 50-75%

Not telco, internet, supermarkets, pharma, some medical which will be announcing record profits.

How many Scaramucci's will it take to recover?

If he was such an oracle where was he 30 days ago ? Sorry CNBC el arian nouriel roubini might get my attention this idiot is a monday morning quarterback looking for his 10 minutes

Such the finance expert 😂

If CNBC tells us to expect a further fall, it's time to think about being long.

50% x 30000

Oh no

That's literally 1 day if trading. Ok

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