Posted on 09/19/2019 11:49:56 AM PDT by rightwingintelligentsia
NEW YORK — Hedge fund titan Leon Cooperman said he’s concerned about a move to the left in the political landscape, which could harm the economy and the stock market.
“There’s unquestionably a shift to the left in this country,” Cooperman said at the Delivering Alpha conference presented by CNBC and Institutional Investor. “They won’t open the stock market if Elizabeth Warren is the next president,” he joked.
“You don’t make the poor people rich by making rich people poor,” Cooperman said. “The Democratic Party seems to be leaning towards the left on policies, which is very harmful for the economy. I don’t like the shift to the left.”
They’ll open the market if Warren wins, it will just be “a hell of a lot lower,” Cooperman later said on CNBC. “It would be a bear market and they go on for a year and go down 25%,” Cooperman said.
Warren, a Massachusetts senator, has been moving up in the crowded Democratic presidential field, polling only second to former Vice President Joe Biden in a new NBC/WSJ poll. She has been a champion of the left wing for her bank bashing and wealth tax proposals.
(Excerpt) Read more at cnbc.com ...
Warren just might be Fed.gov’s Gorbachev
Yes, it’s true: Communism/socialism/Marxism/Fascism is proven to have negative impacts on stock markets.
Duh.
If that happens, it will still be “Trump’s fault.”
Only 25% down? What an optimist!
They better get their buds over at GOldman to open their checkbooks.
Duh. Goes for all the others in the clown car.
This speaks to why I believe Trump will be the last US president to complete a term, at least in the normal fashion. This is assuming he is still in office on election day (i.e. assuming he doesn’t die). That is, no matter who wins in 2020, I don’t expect their term to end in the normal way.
We’re about done. Even if Trump wins. Of course, the catalyst will depend on whether or not he wins. I honestly don’t know what the left will do if he wins. They may be a “paper tiger”, or we may experience my tag line. I just don’t know.
But if he loses, well, welcome to Atlas Shrugged - the end of the book.
If Warren is elected look for a mass exodus of the wealthy to other countries. I would expect to see business closures stati g rigjt after tbe election
No, she will be Lenin. She will be the beginning of our descent into Hell.
Under "The United Socialist States of Amerika" that Feauxcohontas would usher in, we wouldn't need markets - the government will just set the price of stocks.
So Leon, how much have you given to the Dems over the years?
Lenin had Lizzie skinned a mile in smarts; he organized then led a revolution which overthrew the provisional Russian government and then went on to win a civil war. Murderous evil genius, but he did it.
Warren couldn’t organize an egg on toast. Harvard law professors don’t lead armies. All she has done is warm the Senate seat of Teddy the Swimmer and flip houses into hypocritical millionaire status.
Listening right now to that screechy nails on chalkboard voice. Makes Hillabitch sound almost pleasant. Can’t wait til PDJT faces her on the debate stage and sends her into an apoplectic ear-toasting rage.
I won’t spend a penny. I sat on my money for 8 years with Obozo in office
Ok Leon then why are you your industry and your kinsmen
not backing Trump?
Not sure you’re right about that.
There are around 60 million American voters who will vote to drive the nail that will break America’s coffin. I think the typical American voter is just plain retarded to our founding. How many new minds of mush will vote for the first time in 2020? They get their news from Yahoo,are indoctrinated by DNC schools and their hero is Greta the Eco-Nazi.
Worked on his team.
Libtard.
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