Leon Cooperman, a billionaire of American hedge funds, said on Thursday that he still maintained his expectation of the upcoming U.S. economic recession and believed that if the Federal Reserve did not continue to raise interest rates, the U.S. economy would suffer a hard landing.
Cooperman was also cautious about betting on the further rise of the S&P 500 index, believing that the current price of the S&P 500 is too high and its stock risk premium is too low.
Cooperman also commented on Nvidia, which rose 214% this year, but Cooperman compared it with Cisco. "In 2000, everyone on the Internet was in full swing: Cisco, Cisco, Cisco. Cisco was $80 at that time. When the technology stock fell, the market collapsed, and its share price fell by 90% to $6. Today, 23 years later, Cisco's share price is still lower than the level in 2000.”
I am serious. Jianghu people call me the skinhead leader. I am an investor who has been a financial reporter for 20 years and focuses on the medium and long term.
All tips are for reference only and do not constitute investment advice.
There are risks in stock speculation, so you should be cautious when entering the market.
It's hard to make a resumption and share it selflessly. Please comment if you feel useful.
