1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
CanadianValue
CanadianValue
Articles (4624) 

Hedge Fund Legend Leon Cooperman Thinks the Stock Market Is Fairly Valued

October 26, 2012 | About:

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).







About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 1.9/5 (8 votes)

Comments

AlbertaSunwapta
AlbertaSunwapta - 4 years ago    Report SPAM
Fair value doesn't provide much downside protection against the unforeseen so letting some cash build might be prudent.

Please leave your comment:


More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners


doug.quailConsistent Growth
yukondeltagEV-EBITDA Space
akcapitalSmall Cap - Payout Yield
Funnyman1Cash Flow
brettHigh Quality
kw1123S&P Consistent Growth
musselmantbob
pbarker46Low 3 Hist Values
pbarker46Hist. Low Shiller PE
pbarker46Hist. Low PS
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK