Leon Cooperman says his biggest position in the market is contrarian

Leon Cooperman on CNBC’s “Halftime Report.”

Scott Mlyn | CNBC

Billionaire investor Leon Cooperman stated Thursday the inventory market is just not inclined to an imminent correction, and buyers can nonetheless discover loads of bargains.

“The cyclical situations will not be ripe for an enormous decline,” he advised CNBC’s “Squawk Box.” “I am discovering a variety of issues to do out there which is encouraging. … By and huge most corporations will not be overvalued.”

He stated steep sell-offs are unlikely to happen popping out of a recession amid simple financial coverage and big fiscal stimulus.

To that impact, the chairman and CEO of the Omega Household Workplace has set his sights on a counterintuitive play out there.

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