Hedge Fund Legend Lee Cooperman Thinks Fed Has Created an Environment Where Stocks Are the Only Option

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Dec 19, 2012
Some of Cooperman's observations:

- His fund is up 30% on the year by being bullish in 2012.

- Doesn't think a recession is probable in 2013 and with current valuations that means stocks won't go down much.

- Thinks federal reserve has created an environment where stocks are the only alternative as a financial asset.

- If a recession were to occur it would be accelerated inflation that forces Fed tightening.

- Trillion dollar deficits and zero interest rates are not sustainable.