Several prominent money managers have warned that a victory by Mr. Sanders or his ideological ally, Senator Elizabeth Warren, would bring a decline of between 25% and 40% in the value of American stocks. That would destroy trillions of dollars in wealth of American households.
The resulting negative effect on everything from tax revenues to employment would affect even families without much saved in the stock market, and, ironically, could make Mr. Sanders’ agenda of government expansion much harder to achieve.
“If Bernie Sanders becomes president, I think stock prices should be 30% to 40% lower than they are now,” Stanley Druckenmiller told CNBC last year. Forbes says Druckenmiller has about $4.7 billion accumulated through a lifetime of managing money. It’s worth paying attention to his warning.
“The biggest risk for 2020 is the presidential election,” the New York Times quotes a JPMorgan researcher, Nikolaos Panigirtzoglou, as saying.
Another billionaire hedge fund manager, Paul Tudor Jones, said his firm’s employees think the value of the large stocks in the Standard and Poor’s 500 Index would decline by 25% were Senator Warren elected. “Her policies would — assuming they were implemented — probably give you something like that,” he said, according to CNBC. “As an investor, you have to have a view on the election because the outcomes are so extreme.”
https://www.nysun.com/national/surge-by-sanders-could-destroy-trillions-in-equity/90974/
The resulting negative effect on everything from tax revenues to employment would affect even families without much saved in the stock market, and, ironically, could make Mr. Sanders’ agenda of government expansion much harder to achieve.
“If Bernie Sanders becomes president, I think stock prices should be 30% to 40% lower than they are now,” Stanley Druckenmiller told CNBC last year. Forbes says Druckenmiller has about $4.7 billion accumulated through a lifetime of managing money. It’s worth paying attention to his warning.
“The biggest risk for 2020 is the presidential election,” the New York Times quotes a JPMorgan researcher, Nikolaos Panigirtzoglou, as saying.
Another billionaire hedge fund manager, Paul Tudor Jones, said his firm’s employees think the value of the large stocks in the Standard and Poor’s 500 Index would decline by 25% were Senator Warren elected. “Her policies would — assuming they were implemented — probably give you something like that,” he said, according to CNBC. “As an investor, you have to have a view on the election because the outcomes are so extreme.”
https://www.nysun.com/national/surge-by-sanders-could-destroy-trillions-in-equity/90974/
