Leon Cooperman warns that a stock rally higher here could be the 'close out move'

told CNBC on Thursday that he believes the stock market is in a "zone of fair value" at current levels.

The Omega Advisors chairman and CEO warned that a really big move higher in stocks from here could signal what he calls "the close out move," meaning the end of the recent bullish run. Cooperman, who now only runs his own money, questioned why Wall Street is looking for an interest rate cut by the Federal Reserve when the market is near record highs. He said the Fed has been too easy thus far, describing monetary policy as "inappropriate."closed Wednesday at 2,926 — less than 1% away from its all-time record high on May 1, and U.S. stock futures were pointing to a strong Thursday open.

If the S&P 500 were to increase to 3,100 in the near term — nearly 6% above Wednesday's close — would be "knocking on the door of euphoria," Cooperman said in a

Yeah....let’s encourage people to try to time stocks. Always works great. Good stuff

Trumps plan pull forward demand. Keep the ball in the air as long as he can before election. If economy falters he’s got nothing left and his loss all but guaranteed. He still won’t leave though even in landslide. Will claim rigged election by angry dems, China/Russia. Be ready

Omega

Did Cooperman really just say old ppl go to the doctor because they don't have anyone to hang out with? wow

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