(ZEROHEDGE) – Leon Cooperman is a frequent guest on CNBC, probably because since he only manages his own money, he can more or less say what he pleases without the risk of alienating LPs (though that doesn't seem to bother Kyle Bass, Jeff Gundlach, and other industry big shots who appear on the network). And what we heard Thursday was mostly more of the same from Cooperman, who declared himself a "fully invested bear" while lamenting the idiocy of contemporary markets.
Coop says he's keeping an eye out for "a lot of things...for a signal of change," including Fed Speak, inflation, market action, the action at gold or bitcoin, the dollar exchange rate and interest rates overall. "Market structure is broken," Cooperman added. "When there's a real fundamental reason for the market to go down, it's going to go down so fast you're head is going to spin. There's no stabilizing forces in the market right now. When the market goes down, it'll move so fast your head will spin. It's all algorithms."
He acknowledged that his biggest position is a "contrary view", adding that he was long-energy heading into 2021.
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