Leon Cooperman on CNBC part 2

Leon Cooperman was on CNBC today. He was talking about his thoughts on the market. He thinks the fair multiple on the market is 16x which is fair valuation. He thinks David Tepper has changed his view on the markets due to concerns with the ECB. Leon thinks the market is fairly valued today so there is not a huge risk of a correction. Omega does not have a lot of excess cash as they are pretty fully invested. He doesnt see any signs of recession.