Closing Bell Overtime: Exclusive with Leon Cooperman 5/10/22
Closing Bell
CNBC
4.4 • 140 Ratings
🗓️ 10 May 2022
⏱️ 44 minutes
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| 0:14.5 | Welcome everybody to overtime. I'm Scott Waffney. You just heard the bells. We're just getting started right here at post nine at the New York Stock Exchange and in just a few moments I'll speak exclusively to legendary investor Leon Cooperman on the state of stocks and whether a bottom is in fact getting closer. We begin though with our talk of the tape and it is all about |
| 0:18.4 | these markets and the search for something anything positive to build on. |
| 0:23.2 | Did we do it today? |
| 0:23.8 | We didn't go down a lot. |
| 0:25.2 | Maybe that's a plus. |
| 0:26.0 | Let's ask BMOs, Brian Belzky. |
| 0:27.8 | He does have the highest S&P target on Wall Street. |
| 0:30.9 | He's here with me on set at the New York Stock Exchange. |
| 0:32.6 | Welcome, it's good to see you in person. |
| 0:34.0 | Amazing to be here. |
| 0:34.8 | It's remarkable to me that you haven't cut your target. |
| 0:37.6 | I mean, straight up remarkable. |
| 0:39.4 | Why? I mean, you either have incredible intestinal fortitude you're the most stubborn person on |
| 0:44.2 | earth or there's another reason what is it? I'm not stubborn I have faith I heard |
| 0:48.7 | earlier today that faith is not an investment strategy but But I'm bullish, I believe, in our companies |
| 0:55.0 | here in the US. |
| 0:56.2 | I also think too, I've been doing this for a long time, |
| 0:58.6 | and one of my pet peeves were stock would go down |
| 1:01.2 | and then the analyst so drop the target. |
| 1:03.5 | The market's gone down, I'm not going to drop my target. |
| 1:05.4 | We're going to see how this thing settles out. |
| 1:08.3 | And I think tomorrow is a very important day. |
... |
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