Hedge fund manager Cooperman says the stock market would drop 25% if Elizabeth Warren is elected

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Hedge fund manager Cooperman says the stock market would drop 25% if Elizabeth Warren is elected
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Billionaire investor Leon Cooperman spoke with CNBC's 'Squawk Box' on Wednesday.

Billionaire investor Leon Cooperman took aim at democratic frontrunner Elizabeth Warren on Wednesday.

"If Elizabeth Warren is elected president, in my opinion, the market drops 25%," Cooperman told CNBC's "Squawk Box" on Wednesday. "Bernie Sanders, same thing." Cooperman called on former British Prime Minster Winston Churchill's famous saying "you don't make poor people rich by making rich people poor."

"The main vice of capitalism is the unequal distribution of prosperity, the main vice of socialism is the equal distribution of misery," quoted Cooperman.

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