"They are just doing stupid things, and in my opinion, this will end in tears," Cooperman said on Monday on CNBC's "Halftime Report," referring to a flood of new retail investors into brokers especially the millennial-favored Robinhood.
"The notion that American Airlines has an enterprise value today higher than pre-Covid because of the debt they've issued ... doesn't make any sense," Cooperman added.
The big banks are mad that people have access to this big beautiful market without having to pay them
Can we go back to where he said the Fed was going to take care of me for the next two years?
That's so they can usher in Sharia law. QAnon WWG1WGA TheStormIsHere ObamaGate DarkToLight QSentMe
I disagree...Carl Icahn is not as smart as they come...as corrupt as they come, maybe.
A billionaire angry that free brokerage firm/app exists lololol
I believe the SEC said something similar to him.
He's still mad that President Obama didn't name his teenage granddaughter as poet laureate.
Leon Cooperman sounds like a smug sack of shit here.
We in here
He doesn’t like it when everyone can make money. Tough shit. RH traders working as a unit could give hedge funds some second thoughts on open short positions. What are the funds gonna do, spend clients money for a pissing contest with RH?
He’s a dinosaur. DDTG
Fake news
I fly Delta
He is pissed off because probably robinhooders are beating omega family office.
Who in hell is promoting this?
Awwww. somebody is upset that people are figuring out the market without needed rich old guys to steal a chunk. wahhhhhh
he cried on live TV at the thought of a wealth tax.
Got it. Only billionaires are entitled to make money in the market. 👌
there won't be another crash below the line at the end of march. simply because the stock markets will be closed for a few weeks. the market has to be expensive. that's how it seems
True
Sounds like Leon is not very familiar with the Federal Reserves polices in 2020. They are now buying everything with an unlimited amount of money they print up from thin air to purchase everything from bankrupt zombie companies to classic cars and memorabilia.
Such an old timer. Chase the bulls, get your spread and get TF out lol
We live in an age of Mass corruption and structural breakdown.
He stole Scott Minerd's line. The market is a 'bubble that will end in tears'. But with the Fed's balance sheet over $5 trillion and growing it won't end. No more debt or corporate socialism! Enough! We now have 'zombie' corporations! This is our money!
Last I checked , it wasn’t “Robinhooders” that crashed the financial system through greed and speculation and saw financial institutions go out of business back in 2007
Let’s take a chance lmao Markstevenclark ZackOSully
Old Wall Street haters can’t stand that others are prospering off their game. They liked it better when they had it all to themesleves
95% of traders lost money before Robinhood.
Peep the status
Wait....the fed is giving me free money for the next 2 years?
He acts like he's never heard the adage 'the market can stay irrational longer than you can stay solvent.'
But right now the FED loves RH. How much more would they have needed to print to pump markets without it. So it's either suckers on RH or a convenient cover story.
He can suck a ****
He seems so afraid.
😂😂 The only tears that are coming from my eyes are laughter
So “Robinhooder’s” are the financially dumb now? I’ll keep enjoying my $0 commission fees thank you very much.
One can only hope.
For him
Not as long as the Fed is backing them up.
He is speaking about the debt after all this is over
Hopefully for men like Leon but I doubt it.
We know. Can’t. Can not convince everyone that history often repeats instead of rhymes.
True. But they are so angry because younger generation is smarter and dont give money to fraud hedge funds to invest instead of them. Its not like 10 years ago that trading was rocket science. I hope these investment hedge funds end in tears too.
Dude's generation crashed the entire economy after treating securities markets like slot machines for decades and now has the audacity to criticize people for recognizing this absurdity and trying to profit from the same game. Paternalistic hypocrisy at its finest.
Also when I click the article it says page not found so I didn't see or already the interview.
I just went with the JETS etf...gives me broader exposure to airlines industry, but I don't want to bet on one single airline but the entire industry. Some will fail however most will survive and airline industry will bounce back.
Robinhood stuff will be the headlines but made lots of other good points in the interview
YOLO
it's a FAIR WARNING!!! Even CNBC’s Jim Cramer said Friday that professionals on Wall Street are taking advantage of amateur investors by bidding up beat-up but popular stocks like airlines in premarket trading... I call it FRAUD - plain & simple...
These kids don’t care about fundamentals. They’re like, ok boomer.
Billionaires have been wrong about markets 100% so far
Lmao 🤣 Think it already has after Thursday.
Again the OLD TIRED OUTDATED INVESTORS feel this way..... so upset the young investors don’t think like them & we are making more money these last two months than they did all year.....
Does Robinhood have enough volume to create these trading ‘anomalies’?
NASDAQ 100 now green. Zoom leading stocks higher.
lie and lie , CNBC with rich , and fake news , BULLISH . GO UP
Depends on which airline. ALK will be here in the end
Whose tears exactly? People like Leon cooperman don't want Robin Hood traders because they tend to keep their wealth close to their waistline. Instead of relying on groups of individuals to make stock purchases and decisions for them
Unless they sell before they tank
Cry like a baby. These 10 and 12 years old traders are babies.
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