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Leon Cooperman
Leon Cooperman

Reuters/ Rick Wilking

  • The US is going through a "textbook" financial crisis, according to billionaire Leon Cooperman.
  • That means poor returns for stocks, he added, warning the S&P 500 wouldn't hit a high again for a long time.
  • Cooperman has warned markets of an coming recession, and said stocks could plunge 20% this year.

The US is going through a "textbook" financial crisis – and that means investors should expect sluggish returns for in the S&P 500 for a long time, according to billionaire investor Leon Cooperman.

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Markets, MI Exclusive, Leon Cooperman, Leon Cooperman market forecast, Financial Crisis, economy, S&P 500 prediction, SVB, SVB collapse, bank crisis, Stock Market Outlook, Bear Market, fed tightening, fed inflation, Fed monetary policy
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Billionaire investor Leon Cooperman says the US is going through a 'textbook' f…