He's joking... but his assessment is still pretty grim.
‘They won’t open the stock market if Elizabeth Warren is the next president.’ That’s Leon Cooperman, the billionaire boss at Omega Advisors, joking to a crowd at the Delivering Alpha conference in New York this week about what a win for the left could ultimately mean for investors.
“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,” he explained to CNBC, adding that the market, of course, will open, but it won’t be pretty. Of course, as one member of the Financial Twitterati pointed out, fears of a Democrat steering the ship just might be overblown:
“Her policies are counterproductive,” Cooperman said. “They’re negative for capitalism, and capitalism is what brought America into the position we’re in today.” Watch the full interview:
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