Cooperman warned that he sees signs of euphoria creeping into the market citing the SPAC and IPO boom as well as the “craziness in many of the stocks that the Robinhood crowd has latched onto.”
Although many on Wall Street have cheered low interest rates from the Federal Reserve, Cooperman reiterated that the central bank is only pursuing a policy of zero-interest rates because “things are bad in the economy.”
skleb1234 Ok folks, who’s listening ?
skleb1234 “Everybody understands that splits don’t create value,” Cooperman said. Lmao well it created a whole lot of value for anyone who bought the stocks blindly
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