Billionaire investor on Elizabeth Warren as president: The market may not even open

& # 39; They will not open the stock market if Elizabeth Warren is the next president. & # 39;

It's Leon Cooperman, Omega Advisors' billionaire chief, and joked to a crowd at the Delivering Alpha conference in New York this week about what a left-wing victory could ultimately mean for investors.

He did not joke, in his belief that someone like Elizabeth Warren in the White House would be disastrous for the stock market.

"The Democratic Party seems to be leaning toward the left on politics, which is very damaging to the economy. I don't like the shift to the left," he explained to CNBC, adding that the market will open, of course, but it will not be nice.

"It would be a bear market and they will continue for a year and go down 25%," he said. "You don't make the poor people rich by making rich people poor."

Of course , as a member of Financial Twitterati pointed out, the fear of a Democrat controlling the ship can only be excessive:

That's the thing with markets … they are difficult to predict:

Warren, who has proposed wealth tax on assets over $ 50 million, has climbed the polls in the Democratic presidential race, following only former Vice President Joe Biden in recent NBC / WSJ.

"Her policy is counterproductive," Cooperman said. "They are negative for capitalism, and capitalism is what brought America to the position we are in today." See full interview:

Not much fear in the market Thursday with Dow

DJIA, -0.19%

S&P

SPX, + 0.00%

and Nasdaq

COMP, + 0.07%

all moved slightly higher.