Investor Leon Cooperman Says Stock Market Is 'Fairly Valued'
- But ‘I like the stocks I own better than I like the market’
- Facebook doesn’t look expensive, Cooperman says on CNBC
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Leon Cooperman, the billionaire founder of hedge fund Omega Advisors Inc., said the stock market is “fairly valued” and valuations of technology companies are reasonable.
"I’m kind of neutral to mildly positive about the market,” Cooperman said in an interview with CNBC on Tuesday, adding that he doesn’t see many signs of euphoria. But he said: "I like the stocks that I own better than I like the market."