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

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 5 January 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

After an ugly day for stocks, legendary investor Leon Cooperman exclusively breaks down his forecast for stocks in 2023. Plus, Cooperman reveals his top stock picks for the year. And, Mike Santoli’s last word as we head into the final trading day of the week. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	All right, Sarah, thank you very much and welcome everybody to overtime.
0:04.0	I'm Scott Wachner. You just heard the bells. We are just getting started from Post-9 here at the New York Stock Exchange
0:11.0	in just a little bit. Canders, Eric Johnston is back with us.
0:15.0	With his outlook for stocks in the weeks ahead,
0:16.8	is he still super negative on where your money is heading?
0:20.4	You know we'll ask him.
0:21.3	We'll debate that too. We'll begin though with our talk of the tape the view of the markets from Wall Street legend Leon Cooperman.
0:27.2	He is the chairman and CEO of the Omega Family Office back with us now in a CNBC exclusive.
0:34.0	His first interview of 2023.
0:36.0	Lee, welcome back.
0:37.0	Happy New Year.
0:38.0	Happy to you and everybody else to the program.
0:41.0	Appreciate that.
0:42.0	It's good to catch up with you especially now.
0:44.7	And I remember, boy, it feels like at least a year ago where you described yourself as a fully
0:50.0	invested bear.
0:51.9	And you've been cautious for a while that's been pretty clear I think
0:55.0	we've heard you on the network a couple times express your cautious views but as
0:59.2	we begin a new year how would you describe yourself today? It being very boring because my views
1:06.0	are largely unchanged when I was on your program last time and by the way I think
1:11.4	coming on the show and being negative now is like
1:13.8	yelling fire in a crowded theater. I think the major plus I see out there is most people
	...

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