Leon Cooperman: The market correction can start very soon

12.09.2017 / 18:57

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Leon Cooperman, the billionaire founder of hedge fund Omega Advisors, says a market correction could start “very soon.”

Cooperman, who’s known for his bullish stock picks, said any number of events could prompt markets to fall. "North Korea, a disappointing earnings report, anything," he said Tuesday at the CNBC Institutional Investor Delivering Alpha Conference in New York. "We can have a 5 to 8 percent correction anytime."

For the most part from 2009 to now, the SP500 has been on an upward trend, with a total return of 328% at the time, and the index has fallen by 18% on average on correction.

Omega Advisors is currently managing only $3.6 billion, after US regulators start investigating the fund for insider trading in 2015. Eventually, Cooperman negotiates with investigators a fine of $4.9million.

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov

Bloomberg: Leon Cooperman Says Market Correction Could Start 'Very Soon'

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Leon Cooperman: The market correction can start very soon

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