Billionaire Leon Cooperman on Monday said that the emergence of individual investors eagerly scooping up stocks that have been rocked amid the coronavirus-induced downturn will ultimately not end well for those individual investors.
A number of recent reports attribute the market’s rally since its March 23 low, and its subsequent choppy trading, to an era of zero-commission discount brokerage trades, ushered in by Charles Schwab SCHW, +0.24%, and platforms like Robinhood that cater to younger investors. On Monday, Cooperman pointed to purchases of bankrupt car-rental company Hertz Global Holdings Inc. HTZ, -33.56%, which has drawn feverish buying interest from bargain-hunting investors, even though the company’s bankruptcy means that there is little if any equity value in the enterprise.
Meanwhile, the Dow Jones Industrial Average DJIA, +0.61%, the S&P 500 index SPX, +0.83% and the Nasdaq Composite Index COMP, +1.43% were resuming a rally on Monday after opening sharply lower on the day.
And of WebullGlobal and the others? Will they end in tears? As we continue to decentralize banking and democratize access to capital/exchange, I think not.
Nichieescoban 🤔
Robinhood steals from morons to give to imbeciles.
Time will tell but again cheaper trading rules over management of funds for profits. But the tax bill will be enormous for some
Sounds like u better get In and Get Out! Or the Big Dogs are gonna chew you up! timothysykes
To Robinhood family - Think and invest like Buffet, not Barstool sports
Not if the fed keeps pumping the market
Who is listening to you. Robinhood mostly day trade. Daily gains
Stocks only go up grampa.
So mad others besides the super rich are making $, go cry in your retirement home
BuggyWhipper
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10 Billionaires Who Are Now Broke.
Clown
Remember all those houses that were purchased with no jobs or no ck on salary?
you have the short button !!
Older rich stockholders are just afraid and threatened because new technology is changing the way stock market is accessed.
Bless ya boy and sign up using my link.
“Get out of my casino you punks.”
Just do your research into a company before you buy stock. If you see something that you thinks gonna end bad - short it.
Listen to the man. If you do not protect your stocks by derivatives you will be caught short. ETF's have no place in an honest world. The big five stocks will be fine for the long term. Everything else will capitulate when unemployment hits worlds greatest high by every measure.
The top trading platforms get you better results then Robinhood. lol
DDTG stoolpresidente
Reality: Leon is the one who is really in tears. He has been doing this stupid stuff until now everyone in Robinhood is doing it now.
Fuck Leon Cooperman
It probably will. But then those people will learn a lesson and get educated making the investment structure more balanced in the future.
90-90-90. 90% of ‘mom and pop’ traders lose 90% of their $$$ within 90 days. 90-90-90.
My stocks are already up 30% and still about 50% from their all time highs so I'd say that buying cheap coronavirus stocks was a pretty good strategy.....
Yeah right. The typical billionaire really cares whether poor people get poorer. lol One thing is sure. If he really believed what in he said, he will probably shut up and laughed at it happening.
Many of them will because they invest into complete sh*t companies. I won’t go belly up and I use the platform so I’ll see y’all in ten years. 🤭
RobinhoodApp set up ? billionaire Leon Cooperman said markets are going to end individual traders in tears, Let them buy & trade. From my experience, this kind of stuff will end in tears as media say buy AMZN 126 PE losing$ & customers jimcramer SquawkCNBC
You never know. It's always a good thing to have market participation though.
Someone seems to be opposed to democratization of information and free trading....okboomer
Billionaire investor suggests platforms allowing normal, middle-class people to participate in stock trading are dangerous. Forgive me if I don’t trust his opinion
Let me see walkmans, landline phones, hedge fund managers...feel free to add few more things we don't need anymore.
Feeling nervous you aren’t needed anymore?
Says the millionaire who knows how to profit by manipulating investors.
How about being happy that more people are in the market. For those of you who are so smart, help those who are not...
Long-term investors who index won't lose. It's the option traders and speculative buyers that will ultimately suffer.
EAT SHIT LEON! It’s unbelievable these “suits” go this far to try and hold the middle class down. At least people are trying to be financially sound, unlike you Leon who was more than likely born with a silver spoon! Those kind of people make me sick.
I love Robinhood and I’m doing just fine thanks
Move out of the way old man
Lol, I guarantee robinhood makes up like 1% at most of all market volume on the biggest days. These dudes just wanna cover the casinos ass.
ya bet it will
Meanwhile, many retail investors continue to outperform professional fund managers cycles after cycles. Statistics don't lie.
so your saying use Robinhood then
Fuck this guy! Buy Bitcoin !
Risk management is all it is. Buying and holding is fine just depends on what’s being bought.
Why should it end in tears? Just let them lose money hand over fist and then bail them out with trillions of dollars. Where’s the prob 🤷♂️
Silly boomer, stocks only go up(and down sometimes)
Should be good for active management.
Agree, for most it will not end well.
Long Term Capital Management. Need more be said?
Most hedge fund managers are enjoying scaring people off the market. So these individuals will knock on their doors and give them the money instead. Safe & solid individual investments for the long term are not dangerous.
Ok grandpa
Simply put just buy the entire market and take the guess work out of it. It's literally that simple.
The stock market is a graph of rich people’s feelings. Don’t believe everything you read. God bless America.
He missed the rally, now he is blaming it on the common people. When he and Buffet were selling, we were buying! The only ones I hear crying are the billionaires!
How many times is this going to be posted?
The global equity markets will end in tears.
Yet if the fed didn’t bail his ass out he would be the one crying w a tin can on the st corner. $spy
I totally agree with him. People will realize soon. 'Not your keys not your money'. Than they will look for wallet like GuardaWallet. Where no one can freeze assets or stop users to withdraw/sent their money.
Discouraging gen z from dabbling in the market with a 35 year retirement horizon will not end in tears. The only tears that will be shed is if they DON’T buy stocks in 2020 when they are looking back in the year 2055.
My question for 1 percent traders is what would be the outcome if you didn’t have the Fed’s magic helicopter money? Would there be tears? Why do these brilliant, rich investors need so much Fed support every time they get in trouble ?
Buffett said the best thing regular individual investors can do is to buy low cost etfs that track the broader market, s&p, total market funds etc. Zero cost funds by fidelity, low cost funds with vanguard, and no cost trading with Robinhood & M1 finance seem smart to me.
We The Robinhood are now in control. Kneel before yours masters!
Buying low and selling high ends in tears of joy. Hertz was an ATM not an investment. Nearly every stock since March has 2x to 3x or more.
Barnes_Law I’ve been a seller of this rally and will continue
Shares in Kleenex..
I think he's the one that's crying. Salty af
I hate to agree with him, but it's hard not to reading through all the comments here. Most people dismissing him as 'jealous' and overall bullish sentiment among the retail crowd. Nothing is guaranteed, but history shows this excess optimism usually gets washed out. Be careful.
The dotcom bubble ended in tears too. History repeats itself ad infinitum.
Barnes_Law Aw the suit is all pissy and whiny because he locked in his losses in March while we all made a shit ton of money, total lightweight!!!!!!!
So if seniors bet and make money on the markets, it’s skill. If retail guys do the same, it’s speculation. Hum....
We should support the access to trading that apps like Robinhood has afforded. Much easier to learn about the market with a couple hundred dollars at risk. Money management and market basics should be taught in high school. Replace art
We The Average People are investing in our economy no matter what, while billionaires like LEON will bet on economy to fail....FU Leon Cooperman 🖕
Pump and dump ....
Don’t show the finger. The market is hard to predict. Be humble and admit it.
Salty old man .
That's not what my RobinHood account says. Could anybody let Mr. LeonCooperman know? Couldn't find him on Twitter. Maybe he still uses mail correspondence while we RobinhoodTraders trade like the world’s gonna end, or is it? WallStreet folks chill out! NewMarketRules
Leon: you’re just mad that everyday people have the info and access to outperform “pros” like you.. I myself have outperformed Omega 5 years running. Yes you have lots more money but if I was given one billion I would make it two way quicker than you would. RobinhoodTraders
Completely agree. I read, some day traders are ridiculing Mr. Buffett of the ease of making money in the markets. Very dangerous game they are playing
I heard the fix is in... if youre a millennial better tighten up and get familiar with a squeegee cause your gonna be stemming for change if you dont have a broker.
WeekendInvestng When, is the question.
How to end in tears if the FED is always involve
How They/We are young' and need to start somewhere right Covid gave an opportunity to many that had NO CHOICE but to invest!! They say 'A hard head makes a soft ass'.. Everyone likes a soft ass right? 😏🤦🏽♀️
As long as they all bank their profits now and get the hell out . Q2 and 3 and 4 ain’t looking good
I am a boomer but HBI and KDP have been good to me. Underwear and Coffee - that's how I start my day. I don't rent a car or fly everyday.
Don’t spoil our fun go back to your life of bonds🤡🤡🤡
No wonder they did Free Commission Trading ok all brokerages - let all the dummies get in and push the market with BTFD mentality and dumped on them! Wall Street is LOL Street Now
You are out of touch gramps. The world is ours.
put a time on it. will it end in 3 days? 3 months? 3 years? robinhood/sports/gambling people will not be in the market after this year when there will be other things to bet on.
At least someone tells the truth. Look at the economy, unemployment, restrictions, fears, lost businesses. The market is trading about 10% below the Year highs. If anyone thinks they will make a profit buying at current level then they need a mental checkup. Wiped out by Sep 2020
ROBINHOOD FTW!
KerrySzymanski Doesnt this man know that for every buyer there is a seller....
Sounds like he's mad I'm at 450% for the year.
Wouldn’t trust that haircut with 1 of my dollars.
I don't see any losers in Wall Street. You will either gain money or knowledge. If you happen to lose money take it as a learning experience and if you make money consider it the payment for the work you put into investing
🤣🤣🤣 doom and gloom Mehn
The problem is that isn’t ending in tears, in many cases it’s ending in suicide. memestocks hertz htz you know this because you reported on it previously.
Bull crap
Everyone should buy more Hertz stonks. Powell has you back.
It’s a trader’s market- not an investor’s. Doesn’t cost a dime to trade - can cost you a decade if you are long in today’s outlook.
They want to eat the entire cake.
And this guy that’s always on TV crying talking about tears
BOOOMER
Y’all butt hurt that as millennials we aren’t playing by your rules, where the greedy corps want to see others go bankrupt so they can swoop in and get market share. revolution 🙌
For once I agree with Lee Permabull
It took me probably 5 years and 10s of thousands of dollars to learn what he's saying but he's absolutely right. Everyone thinks they're a genius stockpicker when the market is going up.
A lot of people fail at investing because they gamble hoping to hit that big lick of 50% in one day. So they make shifty trades. Invest in companies that are making money and are stable.
RobinHood sells your trade data to the HFT hedge funds who are front running the trades. Good luck with that. And good luck with bankrupt companies.
Buy some stock in ProcterGamble you might as well make money off all those tissues you’re buying to wipe your tears
O now he hates the fed? LMAO.
Yeah they want people to leave their money in the bank making no interest so they can get money in huge blocks and manipulate the market how they want.
I agree. Never seen such volatile like this ever. That includes the young vulnerable being seduced by others.
He’s 100% right.
ETFs
'Thus far, mom-and-pop investors have outperformed pros like Cooperman and mutual funds, according to a research report from Goldman Sachs.' ....Im doing well
Getting young people interested in investing is a good thing. They may get burned, but that’s all part of learning.
No shit, most people will fail at investing! Nothing to be surprised about!
If this is true, how will new entrants to the market view the innovation economy post-correction? If the public is really going to get unprecedented access to private placements, will POCs be disproportionately left out... again?
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