Cooperman: Stocks the Place to Be

Hedge fund guru Leon Cooperman says stocks “generally speaking are the place to be”, and thinks government bonds are in a bubble. Cooperman tells CNBC that “there’s a very pessimistic price structure built into many equities, and the bond yields, in my opinion, are being subsidized by the government, so I want to be out of U.S. government bonds. I think they’re a mispriced asset class.” He says cash and high-yield bonds are also both unattractive, leaving equities as the place to be by default. He says he’s finding plenty of attractive stocks right now.