Billionaire investor Leon Cooperman said in an interview with CNBC today that Senator Bernie Sanders is a “bigger threat” to the stock market than the coronavirus by skleb1234
Billionaire investor Leon Cooperman said in an interview with CNBC on Tuesday that Senator Bernie Sanders is a “bigger threat” to the stock market than the coronavirus, while also accusing the Vermont senator of “misrepresenting himself” as a socialist rather than a communist.
When asked about what he sees as the biggest risks to markets right now, Cooperman said, “I'm not a big long term optimist, I think things out there are very troubling to me. No. 1 is Bernie Sanders.”addingWhile he views a Sanders presidency as a big headwind to markets in the long-term, Cooperman sees coronavirus getting resolved in the next quarter or so, much like the past SARS and Ebola outbreaks: “Odds are by June, this will become less of an issue.
“The fact that he's doing so well in the polls is troublesome,” Cooperman said. “I just hope the country is not prepared to elect a communist or socialist—if we do, I think the market is in store for big problems.”
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