(Business Insider) Investors thinking about pulling out of the market before the election should stay long, according to billionaire investor Marc Lasry.
The Avenue Capital Group co-founder and CEO told Fox Business on Wednesday: "Trillions of dollars are going to be spent on this economy, because of this you want to be an investor and you want to be long."
Regardless of the party that wins the election, Lasry said he believes both parties will be spending money and that will be beneficial for the market. However, Congress has been deadlocked on passing the next stimulus bill that could provide more money to businesses and consumers.
House Democrats are putting their $2.2 trillion stimulus package to a vote on Wednesday evening and the chamber is expected to approve it. But it likely faces staunch opposition in the GOP-controlled Senate.
