{"id":1191,"date":"2023-10-15T00:42:15","date_gmt":"2023-10-15T00:42:15","guid":{"rendered":"https:\/\/connectwithfund.com\/news\/leon-cooperman-expects-very-little-from-the-market-and-is-only-interested-in-individual-stocks\/"},"modified":"2023-10-15T00:42:16","modified_gmt":"2023-10-15T00:42:16","slug":"leon-cooperman-expects-very-little-from-the-market-and-is-only-interested-in-individual-stocks","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=1191","title":{"rendered":"Leon Cooperman expects very little from the market and is only interested in individual stocks"},"content":{"rendered":"
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Billionaire investor\u00a0Leon Cooperman\u00a0said he remains a bear with little interest in the broader stock market, partly because it’s underestimating the risk of a fiscal crisis.<\/p>\n

“I’m of the view that we borrow from the future with very profligate fiscal policy,” Cooperman said at CNBC’s\u00a0Financial Advisor Summit. “Ultimately, we will have a crisis in public sector finance, and the market is not discounting a crisis. Overall, I expect very little from the market.”<\/p>\n

The chair and CEO of the Omega Family Office said the\u00a0unprecedented stimulus has pulled demand forward and created an artificial\u00a0situation in the economy. The national debt of the U.S. recently reached a historic milestone by passing $33 trillion for the first time.<\/p>\n

Given his long-term pessimism, Cooperman isn’t buying the stock market benchmarks. Instead, he’s hunting for bargains in individual names.<\/p>\n<\/div>\n

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