Ron Insana of CNBC:
With all the market's recent ups and downs, we thought we'd get the perspective of one of Wall Street's biggest stars. Leon Cooperman is a founder and principal of Omega Advisors, an investment partnership managing $2 1/2 billion. And, previously--and this goes some years back--Leon headed investment research at Goldman Sachs. Good to see you. Thanks for coming in tonight. First off, tell us a little bit about today. From your perspective, as having managed money for quite a number of years now, does today represent a real turnaround in the market?
Leon Cooperman (Omega Advisors):
I think it's much too early to tell. I think all we've learned is what we already knew, is that stocks have become like commodities, regrettably, and they go up to limit and they go down to limit. And we've also known over the years that when they go down, they go down faster than they go up.
Leon Cooperman Biography
Leon G. Cooperman founded Omega Advisors, Inc., a $3.5 billion hedge fund based in New York City. Prior to starting Omega, Mr. Cooperman spent 25 years at Goldman, Sachs & Co., where he was a General Partner, and Chairman & Chief Executive Officer of Goldman's Asset Management division. Mr. Cooperman received his MBA from Columbia University and his undergraduate degree from Hunter College.
NOTE: If you want to learn trend following techniques and systems through advanced home study and or seminars for all traders click here. If you want to learn about trend following trading in general there is one definitive text the bestselling classic "Trend Following: Learn to Make Millions in Up or Down Markets" by Michael Covel. If you want to learn about the most famous group of trained trend following traders, the Turtles and their teacher Richard Dennis, "The Complete TurtleTrader" by Michael Covel is the only complete biography (with all of the Turtle rules) available. If you have any questions you can reach us immediately via phone or email.
