MarketsInsider/Harry Robertson/6-14-2022
“US stocks have a long way left to fall, according to the hedge-fund veteran Leon Cooperman, who has predicted the economy will tumble into a recession in 2023. Cooperman told CNBC Tuesday he thought the S&P 500would suffer a total drop of 40% as a recession-battered corporate profits. He said equities were unlikely to head back into a bull market anytime soon.”
USAGOLD note: That 40% drop from the top would take the S&P500 to 2900. Some analysts would see the highly-regarded Cooperman as being generous at that number.
