Leon Cooperman Calls for Reinstating the Uptick Rule

Feb.18 -- Billionaire Leon Cooperman, chairman and chief executive officer of Omega Family Office, says Wall Street ethics are in decline and the recent market turmoil is not a battle of rich against poor. He speaks on "Bloomberg Surveillance."

[teresajones]

It is the masses who can change the world with their investment choices. It is the old guard investors that want us to keep investing in oil and coal.

[matthewwheeler]

Let that man speak stop interrupting him. Your not being interviewed. Mr. Cooperman was

[larrylewis]

The uptick rule should return, and naked short selling should be eliminated. The distortions of the last month would not have occurred.

[riskislive]

How dare the retail rabble think they can get away with taking from the rich!

[bertotti]

This guy has been ripping off the peasants for years. Now he’s crying 😢. Pound sand

[Tbob]

As a market observer, the totality of all market dysfunction comes from the control large banks and hedge funds have over policy makers...never once has the retail investor created any cause for market volatility....the banks are getting, and should get more worried that the common investor is finally fed up with one sided policy...

[techsupport]

There’s hundreds of thousands who still haven’t recovered from 2008, and won’t, but why would he know that. Out of touch

[autoworkout]

They said the same thing "not going to end well" doing the same thing, during the '08 financial crisis. It was working out until the pandemic.

[peterscherling]

I disagree with the uptick rule! Leave it free and free up the young traders!

[tonemeister]

The answer is old Leon paying more in taxes. Get the Kleenex!

[sebastiandonickler.]

Ligado Networks (is a private company)

[efanjohnson]

There is nothing wrong with market volatility! What's wrong is market manipulation which we see from many different professionals. Sue DFV and youve lost the trust of retail investors. There was about to be a huge transfer of wealth from bankers to wsb users and guess what? Suddenly the rules changed. Brokers restricting stocks being purchased. If the short squeeze continued, its likely the stock market would have crashed and so we see yet ANOTHER case of too big to fail, let Melvin capital burn survival of the fittest and they were caught gasping for breath and saved by Vlad. F them both they don't deserve the money.

[paulsommerhalder]

Leon's really into grainy wood in his home office. I really like his little Globe on the left. Went alittle Doomsday in his rhetoric at the end of the interview.

[pauldusa]

The whole system is a big long time scam, I don't have a dime invested presently