Tags: Leon Cooperman | Stocks | Valued | Investors

Leon Cooperman: Stocks Are 'Reasonably, Fully Valued'

By    |   Thursday, 06 Apr 2017 08:30 PM

Billionaire investor Leon Cooperman said the stock market is fairly valued at the moment and he doesn’t predict any nasty, unpleasant surprises for investors.

The market is "reasonably, fully valued," the Omega Advisors founder told CNBC.

"The market has had a big move and the conditions for a big decline aren't present — I want to make that very clear,” he said.

“I think the market will end the year modestly higher than it is now," he said.

However, Cooperman, whose hedge fund has $3.6 billion in assets under management, said "rightly or wrongly, ... you're going to have capital losses in bonds over the next couple years."

Cooperman said this will happen slowly because the Federal Reserve is likely to gradually raise its benchmark interest rate, CNBC.com explained. He added that the federal funds rate — which currently has a target range of 0.75 percent to 1 percent — should be at 2 percent.

To be sure, Cooperman isn't the only respected economic voice urging savvy investors to keep faith in the market despite some inevitable turbulence.

Author and financial adviser Christopher Whalen tells Newsmax TV that savvy investors can still find worthwhile investments despite being bombarded with obstacles all over the market.

“We have bubbles all over the place — commercial real estate, the auto sector,” he told Sunday’s “The Income Generation Show.”

“I always tell people to invest in what they know, invest in their own businesses No. 1 but I think in terms of securities markets, there's still a lot of value there,” the chairman of Whalen Global Advisors said.

“It's just a question of doing your homework and finding stocks and bonds that represent a disruption, if you will, in the norm," said the author of "Ford Men: From Inspiration to Enterprise."

Meanwhile, David Horowitz, author of the best-selling book "Big Agenda: President Trump's Plan to Save America," also told Newsmax TV that the market rally since Republican Donald Trump won the election has more room for gains as the president pushes his pro-business agenda.

“There's more upside. Starting from when he was president-elect he started this stock market boom,” he told Sunday's “The Income Generation Show.”

“There will be corrections. There are going to be setbacks along the way like the healthcare which they hurried too fast. If you're looking over the long term of this administration I think the stock market is going to love Trump.”

The S&P 500 has risen 10 percent since the Nov. 8 election after reaching a record high in early March. The rally stalled as Republican lawmakers withdrew proposed changes to the country’s healthcare system, casting serious doubts about the growth agenda pledged by Trump, whose job approval rating keeps falling.

© 2017 Newsmax Finance. All rights reserved.

 
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Leon Cooperman says the bull stock market is not in the early innings but conditions for big pullback are not present.
Leon Cooperman, Stocks, Valued, Investors
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2017-30-06
Thursday, 06 Apr 2017 08:30 PM
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