From CNBC here:
“I think interest rates are going to go up. Inflation is going to go up. Corporate profits are going to go up. And price/earnings ratios are likely to decline,” the chairman and CEO of Omega Advisors said on “Halftime Report.”
Cooperman said a surge of confidence has entered into the system, since Trump’s Nov. 8 victory. He said he is fairly neutral to mildly positive on the market, but said the markets could benefit if the president-elect delivers on his policy goals, like slashing taxes and regulations.
This old school hedge funder is super toxic. A surge of confidence has entered the system — just for you hedge fund pricks.
So we’ve seen this show where you slash taxes and regulations — ah that would be the financial crisis of 2008 in the aftermath of Wall Street deregulation. But the assholes got bailed out and here we are again, ready to slash taxes and regulations so they can drive the shit over the cliff again.