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Leon Cooperman: “There is a bubble in bonds, not in stocks”

“My world is cash and shares, I think bonds are a bubble, not shares,” says Leon Cooperman, Omega Advisors.

The billionaire boldly affirms his position and support for the stock, especially after last-day sell-offs. The rise in 10-year securities led them to a seven-year high, which put a heavy pressure on Dow Jones Industrials and the other indices.

Bears have argued that rising bond prices and declining stocks will only incite extra fears for investors that the risk of slowing global economic growth is approaching. Cooperman, the founder of Omega Advisors, on the contrary argues for the economy, saying anything else could happen, but the factors and conditions for slowing economic growth leading to bigger sales are just not yet available.


 Trader Martin Nikolov

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