According to Reuters Leon
Cooperman, the CEO of hedge fund Omega Advisors, said on Wednesday he is
optimistic toward stock markets this year, while bonds are poised for a
sell-off. Cooperman, whose hedge fund
had $7 billion in assets as of November, told CNBC television that
"equities are in a zone of fair valuation to modest undervaluation,"
while bonds are in a "bubble."
He cited the slight improvement in the global economy,
improving U.S. home prices and the pickup in China's economy, while
low-yielding government bonds are a "joke" and high-yield corporate
bonds are no longer a bargain given their lower yields....
Find out which stocks at http://www.reuters.com/article/2013/01/02/us-funds-cooperman-cnbc-idUSBRE9010NA20130102
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