Leon Cooperman Says Market Correction Could Start ‘Very Soon’
- Hedge fund manager says market fully valued, not overvalued
- Cooperman says inflows to his firm have been ‘very minor’
Cooperman Thought iPhone Would Be a Commodity Item
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Leon Cooperman, the billionaire founder of hedge fund Omega Advisors, says a market correction could start “very soon.”
Cooperman, who’s known for his bullish stock picks, said any number of events could prompt markets to fall. “North Korea, a disappointing earnings report, anything,” he said Tuesday at the CNBC Institutional Investor Delivering Alpha Conference in New York. “We can have a 5 to 8 percent correction anytime.”