Cooperman -- "So the condition that normally lead to a big decline are simply not present."

destriero said:
I have evidence that the top (notional) RE markets are going to shit. SF for one. Manhattan as well. My family sold a large residential property in Dogpatch and the buyer asked us to take it back at a $400K discount.
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Both known for being overpriced+ overpriced; @ least in NY, could be close to NYSE.LOL:D:D
 
destriero said:
I have evidence that the top (notional) RE markets are going to shit. SF for one. Manhattan as well. My family sold a large residential property in Dogpatch and the buyer asked us to take it back at a $400K discount.
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High end in Chicago has also topped. A lot of price reductions in many of the top tier buildings. Own to rent ratios have gotten absurd. For example, carrying costs on a 2000sqft 2bed in trump tower are 10-11k per month, rents sitting at 6-7k for the same units. Only one way to go, IMO. The new tax law has only exacerbated the disparity.
 
Since Cooperman formed Omega in 1991, he has beaten the SP by about 3% each year. Average annual returns were 14.6 percent net of fees versus the S&P 500’s 9.3 percent between January 1992 through June 2014. Res ipsa loquitur.
 
Altavest_Erik said:
Since Cooperman formed Omega in 1991, he has beaten the SP by about 3% each year. Average annual returns were 14.6 percent net of fees versus the S&P 500’s 9.3 percent between January 1992 through June 2014. Res ipsa loquitur.
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Thanks ;that sounds like the truth+ good net; i dont blame him for being long. Its still early with so much stuff below 200dma. But bought some more small caps ETF today + its still below 200dma.:cool::cool:
 
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Altavest_Erik said:
Since Cooperman formed Omega in 1991, he has beaten the SP by about 3% each year. Average annual returns were 14.6 percent net of fees versus the S&P 500’s 9.3 percent between January 1992 through June 2014. Res ipsa loquitur.
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Also matters how he got the results. Like the funds who pretend to do algos that in reality are just insider trading. Besides, I don't go all-in TSLA just because Elon says that it's going to the moon. Same with Cooperman, he's long and talking his book, his results are irrelevant as you don't know his real motives behind the call. Neither do I but assume the worst.
 
d08 said:
Also matters how he got the results. Like the funds who pretend to do algos that in reality are just insider trading. Besides, I don't go all-in TSLA just because Elon says that it's going to the moon. Same with Cooperman, he's long and talking his book, his results are irrelevant as you don't know his real motives behind the call. Neither do I but assume the worst.
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Couldn't agree more. Not to mention the fact that anytime a fund manager goes public with a statement they are NOT doing it for the public's best interest, it's always self serving.
 
d08 said:
Also matters how he got the results. Like the funds who pretend to do algos that in reality are just insider trading......Same with Cooperman, he's long and talking his book, his results are irrelevant as you don't know his real motives behind the call. Neither do I but assume the worst.
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Well since he is known for value investing+ better than average [decades]; actually that confirms my 200dma.LOL I would also exspect it also to be self serving.I dont have an opinion on Mr Musk+ $40 million fine:cool::cool:; i pay even less attention to CEOs + such
 
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