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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cramer: Get ready to buy these stocks as the market awaits a rate cutYour job is to sit tight and find high-quality stocks to stick with for as long as the underlying business stays strong, Jim Cramer says. THIS is what bullshit faux markets look like. If the U.S economy is “BOOMING” as they portend, there would be no need for the fed to have been continuously spoon feeding them money since 2007 !!! Jus’ sayin’
Source: CNBC - 🏆 12. / 72 Read more »
BANK OF AMERICA: Buy these 10 stocks to stay safe as economic growth inevitably slows downBAML views defensive firms as those most insulated from cyclical downturn, and lists stocks that have a 28% average upside from current levels. Ping: GerberKawasaki Isn't this real manipulation to buy the stocks they suggested, instead of, buying the stocks best suited for 'you?' I got curious why they wrote it like that.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Here are the best Dow stocks to buy on the day Fed cuts ratesThe Federal Reserve is expected to cut rates this week for the first time since 2008, potentially giving investors the green light to play offense. Here are the stocks that tend to pop on the day the central bank pulls the trigger. It’s too late if you haven’t already, you guys. Gotta stay ahead of CNBC. Awesome No worries folks just another day of computerized organized crime on WS, any day now June & July will be wiped out in milliseconds, past 2 weeks you can really see what a rigged racket the markets really are, same daily BS micromanaged by the financial media carnival barkers lol
Source: CNBC - 🏆 12. / 72 Read more »