As the European Central Bank announced a new bond-buying program, the S&P 500 is poised to hit 1,430, Leon Cooperman of Omega Advisors told CNBC on Thursday.
“We think the market’s in a zone of fair valuation. I would not be banging the table at this level. I think you’ve got a lot of issues. We’re looking for 12-month forward earnings, about $108 in the S&P,” he said on “Fast Money.”
(Read More: Cooperman Sees ‘Bubble’ in U.S. Bond Yields)