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Closing Bell

Closing Bell Overtime: Exclusive with Leon Cooperman 5/10/22

Closing Bell

CNBC

News, Business

4.4140 Ratings

🗓️ 10 May 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Legendary investor Leon Cooperman from Omega Family Office joins Scott Wapner in an exclusive interview. Cooperman explains why he doesn’t see evidence of a market bottom yet. He also says the high is already in for 2022. 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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0:14.5

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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