Billionaire fund manager Jeffrey Gundlach doesn’t think much of any of the Democratic hopefuls running for president.
“I say short them all,” Gundlach said Monday at the Sohn Conference in New York, CNBC reported. Gundlach was referring to the investment technique of when one will "short" a stock, betting that its price will go down in value.
Gundlach accurately predicted Donald Trump’s presidency at the same conference in May 2016.
“Even as the Democratic Party has descended into vilifying success and even rags-to-riches hard-earned wealth unbeknownst to most people, there are no fewer than a dozen Democratic hopefuls who want to hide the fact they are one-percenters themselves,” Gundlach said.
“But we're not talking about income here, one-percenters, we're talking about polling,” he added.
The chief executive officer of DoubleLine Capital blasted former Vice President Joe Biden, who last month announced his presidential bid amid accusations by several women that he touched them in ways that made them feel uncomfortable.
“Now, Joe is grabbing the spotlight,” Gundlach says about Biden.
“But, no, Joe, I don't want you grabbing my shoulders and giving me an Eskimo kiss.”
Gundlach also attacked former Texas Congressman and Democratic presidential contender Beto O'Rourke.
“Then you got this snowflake posing with a skateboard in front of a bounce house. How perfect is that? Other than he’s 46 years old,” Gundlach told the audience.
“Actually, that’s too old to be a snowflake. If he were to win the White House, they would be mailing his AARP card to the Oval Office during his first term,” he added.
Gundlach called Senator Elizabeth Warren a “tornado of anger and insincerity” who comes up with “one crazy giveaway and soak the rich scheme.”
Gundlach asked: “I mean who wants four years of this? Who wants even four hours of this? It's like being trapped with the mother in law from hell.”
Gundlach criticized entrepreneur Andrew Yang’s proposal to give Americans a check of $1,000 every month, saying the recipients would also include one of the richest people in the world, Amazon CEO Jeff Bezos.
Meanwhile, America’s money managers reportedly are pretty pleased with Trump.
So much so, they predicted him to win re-election next year in Barron’s spring 2018 Big Money poll of professional investors.
Sixty-seven percent of managers in the poll said they believe Trump will be re-elected in 2020, against 28% who expect a Democrat to win and 5% who picked neither party, Barron's reported.
Fifty-six percent expect former Vice President Joe Biden to be the Democrats’ nominee. Seven percent see Vermont Sen. Bernie Sanders getting the Democrats’ nod, Barron's said.
"The managers’ had a somewhat different view about who should become president: 40% think Trump ought to win; 31% picked the yet-to-be-named Democratic candidate, and 13% favored Starbucks former CEO Howard Schultz, who is mulling an independent run, for the job," Barron's explained.
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