Billionaire investor Leon Cooperman rules out an imminent market crash, trumpets ‘big tech’ stocks, and sounds the national-debt alarm in a new interview. Here are the 10 best quotes

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Billionaire investor Leon Cooperman rules out an imminent market crash, trumpets ‘big tech’ stocks, and sounds the national-debt alarm in a new interview. Here are the 10 best quotes

Leon Cooperman ruled out an imminent market crash, warned that stimulus efforts are ballooning the national debt to dangerous levels, and emphasized the appeal of "big tech" stocks in a this week. The billionaire investor, who converted his Omega Advisors hedge fund into a family office in 2018, also dismissed government bonds as virtually worthless and some meme stocks as ridiculously overvalued. 1. "The conditions for a bear market are just not present. Bear markets don't materialize out of immaculate conception." - . 2. "Inflation becomes a problem when the central bank begins to fight inflation, because fighting inflation is tantamount to curbing growth." 3. "We've already injected into the economy $1 trillion of stimulus in excess of wages lost. The central bank and the fiscal authorities are focused exclusively on employment, they're not worried about the debt creation. I worry about it because debt's growing too rapidly, it's not sustainable. We are heading for a fiscal crisis one of these days. " 4. "The most dangerous instrument today is buying a long-term US government bond. Basically you're getting your capital confiscated. I could buy a lot of stocks that have a much better valuation profile than the US government