‘Bonds are the bubble, not stocks,’ says billionaire investor Cooperman
Leon Cooperman, the billionaire hedge fund manager is not buying this sell off as the start of something bigger. According to him, the fundamentals for a collapse are not in place.
His view is actually the opposite. He sees stocks as fundamentally cheap.
The speculation of a stock market bubble is overblown in his opinion. If anything is a bubble, he views bonds as in one.
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According to a lot of indicators, stocks are overvalued. Bonds are most certainly overvalued, as yields hit their floor in 2016. Alternative currencies like crypto and gold are a different story as they don't have any measures to find their value. This is definitely one of the most complicated times to invest.
He’s totally right.
Bonds are the bubble meaning that the bonds money will go into the stock market. Hopefully we will have a vertical market.
The trade of a life time is coming.
It will be like a herd of elephants trying to go true a revolving door.
I’ve got my puts on TLT.
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Bonds are always the bubble, since debt is the largest crisis trigger. This time stocks are incredibly overvalued, trading at their 2023 earnings right now. Even before the emerging market contagion I had a feeling Asia would trigger the depression this time instead of the USA. Looking very unpredictable where it's going to come from now.