“Her policies are counter-productive, they’re negative for capitalism…you don’t make the poor people rich by making the rich people poor,” Cooperman said.
And warning that…
“Right now, the market is assuming Donald Trump is reelected. If it looks like Elizabeth Warren or Bernie Sanders are credible opponents, the market will go down. They won’t open the stock market if Elizabeth Warren is the next president.”
Well, Mr. Cooperman has stepped up his rhetoric, echoing many on Wall Street (and even Main Street).
As Politico reports, when CNBC host Jim Cramer did a piece on money managers freaking out about Warren, the candidate grabbed the clip and tweeted above it: “I’m Elizabeth Warren and I approve this message.”
It’s led to fairly widespread frustration that Warren’s rise seems unstoppable.
“There’s really not a damn thing you can do about Warren. There is nothing,” said one prominent Wall Street hedge fund manager and Democratic bundler who is raising money for a Warren rival. “It’s the same thing Republicans went through with Trump. You look at her and think what she is going to do is going to be horrible for the country. But if you say anything about it you just make her stronger.”