Cooperman Says Bear Market Is Not Imminent

On CNBC’s Halftime Report last week, Omega Advisors CEO Leon Cooperman shared his views on the market and its direction. “The market’s not cheap,” Cooperman said, “but it’s not expensive…it’s approaching normalization.” He shared that his fair value is approximately 17 times forward earnings and that, if President Trump can get tax reform through Congress, he forecasts $150 in S&P 500 earnings per share in 2018. Cooperman argued that “we have another 10 to 15 percent to go” for the bull market to end, adding that the market isn’t showing signs that typically point to a major decline, such as: […]

Omega’s Cooperman Says Investors in for a Strong 2017

According to a 51-page letter to investors penned by Leon Cooperman and Steve Einhorn of hedge fund Omega Advisors, “things are looking good for stock investors,” says a recent article in Business Insider. The article outlines some takeaways: Solid S&P 500 growth: The index, say Cooperman and Einhorn, can deliver an 8% to 10% return in the coming year, “consisting of earnings-per-share growth of approximately 8% (aided by a lower corporate tax rate and added share repurchase funded from repatriated cash), a dividend yield of 2% and a slightly lower than current market P/E.” Low yields: Omega expects U.S. shares […]

No Bear Market says Cooperman

Leon Cooperman of Omega Advisors doesn’t think a bear market is coming. He quoted Sir John Templeton: “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria,” and explained that he doesn’t see euphoria now. He also offered the following four reasons not to expect a bear market: He sees no signs of U.S. recession; He doesn’t think stocks are overvalued; He cannot foresee any geopolitical event that will upend markets; He believes the Fed has been accommodative even as it raises rates.

Cooperman Reiterates Positive Market Outlook. Says Oil in "Bottoming Zone"

Leon Cooperman of Omega Advisors lists a host of reasons why he remains optimistic about the market, telling CNBC that this bull market is not yet over. First on this list is that if a bear market were to begin today, it would be the first bull market to end without the Federal Reserve actually tightening interest rates. In the eight market cycles since the mid-1950s, stocks, on average, have gone on to produce gains for the 30 months after the first rate hike. The second point he makes is that bear markets take place in advance of a recession, and […]

Cooperman Reiterates Positive Market Outlook. Says Oil in “Bottoming Zone”

Leon Cooperman of Omega Advisors lists a host of reasons why he remains optimistic about the market, telling CNBC that this bull market is not yet over. First on this list is that if a bear market were to begin today, it would be the first bull market to end without the Federal Reserve actually tightening interest rates. In the eight market cycles since the mid-1950s, stocks, on average, have gone on to produce gains for the 30 months after the first rate hike. The second point he makes is that bear markets take place in advance of a recession, and […]