The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on December 21, 2019, 03:51:24 pm
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Billionaires Warn of Stock Market Dip if Democrat Beats Trump in 2020, Expert Agrees
Market strategist Kevin Muir unpacks the predictions, explains the reasoning
By Tom Ozimek
December 21, 2019
A handful of billionaire investors worry that a successful Democrat bid for the White House in 2020 would spark a stock market meltdown, with some saying by as much as 40 percent.
Ray Dalio (worth $18.7 billion), Paul Tudor Jones (worth $5.1 billion), and Stanley Druckenmiller (worth $4.7 billion) are just a few of the market movers fretting about stock indices falling should a Democrat end up in the Oval Office, particularly if it’s one of the far-left candidates.
Dalio estimated a drop of around 22 percent, Jones predicted 26 percent, while Druckenmiller said that a victory by Elizabeth Warren would pull the stock market down between 30 and 40 percent.
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https://www.theepochtimes.com/billionaires-warn-of-stock-market-dip-if-democrat-beats-trump-in-2020-expert-agrees_3167000.html (https://www.theepochtimes.com/billionaires-warn-of-stock-market-dip-if-democrat-beats-trump-in-2020-expert-agrees_3167000.html)