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Closing Bell Overtime: Billionaire Investor Leon Cooperman on the Markets 1/5/23

Closing Bell

00:00

Is the Market Taking Off?

I'm doing very little in the market. My business generation is down 80 and 90% my last two purchases. I bought a large position in something called Rex Nord where the stock got corrected when they announced an acquisition which we thought make a lot of sense. So you're not taking the opportunity in those names that we just were speaking about these mega cap names too. Well there's a question letting out. But I don't think these stocks are expensive. You know, alphabets probably 15% grower selling at 16 or 17 times earnings. We have Fortress Balanchy. Microsoft is a much higher multiple but they have a very dominant position and so I think they're okay

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