Leon Cooperman on Wall Street Week: "I’ve Been Living The American Dream"

Leon Cooperman likes Chimera, thinks the market is okay, and is confident active management is effective.

The Omega Advisors founder appeared on the latest episode of Wall Street Week, aired Sunday, and spoke candidly about a number of topics. He also reiterated a message he’s been sending all year: the equity bull market looks just fine. “I think the market’s okay,” he said. “It’s not cheap, but it’s not priced to perfection.”

Leon Cooperman pointed to four factors that cause a bear market – anticipation of recession, a frothy, euphoric market, a geopolitical event, and the Federal Reserve taking “the punch out of the punch bowl.”

And while a Fed...