Cooperman thinks that the stock market is fairly valued, but still thinks it is the place to be. Cash returns zero, and bonds are very risky at these yields, so Cooperman thinks stocks are the choice by default.
To support his point Cooperman compares the average yield on 10-year Treasuries for the past 50 years which is over 6.6% (a quarter of this today) against the 50-year average for stocks which is an S&P P/E of 15 (today is 14).
To support his point Cooperman compares the average yield on 10-year Treasuries for the past 50 years which is over 6.6% (a quarter of this today) against the 50-year average for stocks which is an S&P P/E of 15 (today is 14).
