‘Bonds are the bubble, not stocks,’ says billionaire investor Cooperman

[Altavest_Erik]

While market bears argued that the rise in yields and stock-market reaction belied investor fears that a growth slowdown is around the corner, Cooperman, the founder of Omega Advisors, argued that the economy, “if anything, is too strong” and that the conditions “that normally lead to a big decline just aren’t present.” https://www.marketwatch.com/story/b...-stocks-says-billionaire-cooperman-2018-10-17

 

[Overnight]

Is that guy putting his money where his mouth is?

 

[HeSaidSheSaid]

•no alarm on the bond yet.
•not many people wanted to sell today

 

[srinir]

I don't get the bubble talk in bonds. They still pay positive returns (nominal), if one holds till maturity. There may be better opportunity else where, but certainly not a bubble.

 

[destriero]

Cooperman is out of his mind. He’s a Trump cheerleader and will never say anything against the Trumo economy... he’ll soon parrot the anti-Fed line.

 

[Altavest_Erik]

Since Cooperman formed Omega in 1991, he has beaten the SP by about 3% each year. He's definitely out of his mind.

 

[Edith.M]

If you mention a bubble my mind goes back to shanghai composite dilema when one japaneese made 40 billions dollars overnight owing to absence of all market variable in play living a bubble to burst against many in favovour of few with the first hand info.