told CNBC on Wednesday that he's not purchasing any new stocks right now because the bull market is so advanced.
"We have not really added anything new to a lot of things we have," the Omega Advisors chairman and CEO said on"We're having a decent year. We're up double digits, and it's only on about 65% exposure" to risk assets with the rest in cash. "I'm reluctant to open new positions because I think we're in an advanced part of the cycle," added Cooperman, whose firm is now closed to outside investors.
No one that knows markets or money buys in a Bull Market. That’s not rocket science.
HalftimeReport Coop is very wise& nice. Weiss could learn something from him but he won't cuse he is so miserable. Pete should kick his ass.
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