Longtime financial expert Leon Cooperman remains optimistic on the U.S. market, he said Monday.
Cooperman, chairman and CEO of Omega Advisors, told CNBC's "Fast Money: Halftime Report" that there is much to be optimistic about in the U.S. stock market.
"We feel pretty comfortable," Cooperman said, adding that "I've been far too cautious on bonds, but believe me they make no sense at this level of return."
Cooperman said he expects the market to end the year higher than it is today—with only major economic downturn or geopolitical eruption potentially hurting that prediction.
"Bear markets don't materialize out of immaculate conception," Cooperman said, explaining that the only excess he can find in the U.S. market is the Federal Reserve's monetary policy.
Even the deflation fears that have some mark-watchers worried could end up being a positive for the economy, Cooperman said, calling it "high quality deflation" when consumers find products like gasoline cheaper.
And, compared to other advanced economies, the U.S. is attracting "a lot of money," Cooperman said.
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