“I think the market’s in a zone of fair valuation,” billionaire investor Leon Cooperman says. His advice for investors? “Know what you own, stick with quality and don’t borrow money.”
told CNBC on Friday that he's optimistic that the stock market has bottomed on coronavirus fears.
"If I'm right on the virus call, if I'm right and that's the big if ... I think the market at the recent low of 2,187 [on S&P 500] was close enough to the bottom to be called the bottom," Cooperman said on "Cooperman, chairman and CEO of Omega Family Office, said earlier this month that investors who are trying to manage the stock market's coronavirus-driven volatility needed to be patient.
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