Leon Cooperman on where market's headed next

Inside Leon Cooperman's portfolio

While the U.S. economy appears to be on "decent footing," Leon Cooperman of Omega Advisors said on Monday that he sees a couple of drags to a real recovery.

"To me, the biggest issue—more of a philosophical issue—is that income disparity is reaching extremes. Monetary policies that we've pursued have really benefited myself, and I guess you guys like to call them the 1 percent people," he said on CNBC's "Halftime Report."

"But, you know, (former Federal Reserve Chairman Ben) Bernanke figured out that he wanted to get the economy up and the best way to get the economy up. And the best way to get the economy up was to create more wealth. And he created more wealth by creating a higher stock market.

"The trouble is that 80 percent of securities, or the vast bulk securities, are owned by a few people. And so, the benefit of the monetary policy has not been broadly based, other than, I think, everyone's house values up to a degree."

(Read more: Dick Bove sees recession, 7% rate...in a few years)