{"id":39349,"date":"2018-10-19T05:55:45","date_gmt":"2018-10-19T10:55:45","guid":{"rendered":"http:\/\/olduvai.ca\/?p=39349"},"modified":"2018-10-19T05:55:45","modified_gmt":"2018-10-19T10:55:45","slug":"leon-cooperman-the-whole-structure-of-the-market-is-broken","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=39349","title":{"rendered":"Leon Cooperman: “The Whole Structure Of The Market Is Broken”"},"content":{"rendered":"
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Leon Cooperman: “The Whole Structure Of The Market Is Broken”<\/span><\/a>\u00a0<\/span><\/h3>\n<\/div>\n
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In a wide-ranging interview on CNBC, Leon Cooperman, chairman and CEO of Omega Advisors, explained that he doe snot see the market as ‘cheap’ or ‘expensive’ currently but warns that traditional value-manager-driven strategies face difficulties because ” all these quantitative trading systems are destroying the structure of the market<\/strong>…particularly that group that buy strength and sells weakness.”<\/p>\n

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Cooperman goes on to reflect on last week’s mini-crash as being overdone, because “credit was relatively flat” but warns that “It\u2019s crazy…selling begets selling because of these quantitative trading systems<\/em><\/strong>,” adding that he thinks “all this fixation and fear about interest rates is misplaced.”<\/p>\n

However, he does warn that “the strongest economy in 50 years” could be a problem as “it forces the hand of The Fed.”<\/em><\/strong><\/p>\n

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