Billionaire Investor Thinks a President Warren Would Harm the Stock Market, Warren Responds

Billionaire investor Leon Cooperman worries that a President Elizabeth Warren would harm the stock market.

Jokingly, Cooperman said during a CNBC interview “They won’t open the stock market if Elizabeth Warren is the next president.”

He also warned “the main vice of socialism is the equal distribution of misery.”

WATCH:

CNBC reports Hedge fund titan Leon Cooperman said he’s concerned about a shift 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.”

“You don’t make the poor people rich by making rich people poor,” Cooperman said. “The Democratic party seems to be leaning toward the left to the policy, which is very harmful for the economy. I don’t like the shift to the left.”

Senator Warren has risen to one of the top spots from the crowded Democratic presidential field, polling only second to former Vice President Joe Biden in a new NBC/WSJ poll. She is a champion for the left wing for her bank-bashing and wealth-taxing proposals.

Cooperman is the CEO of Omega Advisors.

UPDATE:

Warren has responded to the story, tweeting:

Our economy works great for people who can use their money and power to become even richer and more powerful. But I’ve got a plan to ensure it works for everyone else too. If that scares hedge fund billionaires like this guy, fine by me.

This article was written by the staff of TheConservativeOpinion.com 

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