Cooperman previously warned that stocks could plunge 22% in 2023, and predicted dismal returns for years to come.
following the takeover by UBS announced over the weekend.
"It's kind of like textbook," Cooperman said."We have a self-induced crisis by irresponsible fiscal and monetary policy [over] the last decade. I did not forecast the [SVB] issue, but I did have a view that we were heading into a crisis of some kind, and we're seeing it."
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