Wall Street Billionaire Leon Cooperman Warns Market Is ‘Not Going To End Well’—But He Still Likes These 5 Investments

“Now is the time to be conservative—just look at Tesla stock, Bitcoin, options trading volumes and the frenzy in IPO activity—these are all signs of speculative excess on Wall Street,” warns hedge fund billionaire Leon Cooperman.Cooperman thinks there is “too much bullishness” in the market today, arguing that the S&P 500 is fully valued and he expects little return going forward.

The billionaire hedge fund titan is particularly skeptical of the SPAC boom, calling it “another sign of excess” taking place on Wall Street. “Everyone is going into the SPAC business these days,” he cautions, adding that he turned down the chance to sponsor a blank-check company in late 2020. “People should be very careful.”

skleb1234 Some say that on red days, if you listen closely, you can hear Leon Cooperman whining about “the algos”

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street frenzy over shell companies draws attention of SECThe shell companies that many private firms use to go public have been all the rage on Wall Street for more than a year. Now, just as their explosive growth shows signs of waning, they are coming under scrutiny from lawmakers and regulators. Like it's news that people hiding behind shell companies for decades
Source: politico - 🏆 381. / 59 Read more »