He thinks that the stock market today is fairly valued. He thinks at 15 to 16 earnings multiple on the S&P is fair, which is roughly where we are today.
He does not see a recession coming, he expects slow economic growth which should keep the market from falling.
Cooperman thinks plenty of stocks are more attractive than 10-year Treasury yields.
As far as specific stocks he likes today Cooperman mentions Sprint Nextel (S). He has bought shares as low as $2 and as high as $7.