Billionaire Leon Cooperman advised investors on Wednesday to stay away from bonds as they are in a bubble. :
Billionaire Leon Cooperman advised investors on Wednesday to stay away from bonds as they are in a bubble. "My world is cash and stocks. I think bonds are the bubble, not stocks," Cooperman told CNBC's "Halftime Report." He also noted investors should buy stocks they see as "fundamentally cheap" after a recent decline in equities. Cooperman's comments come after the benchmark 10-year note yield rose to 3.261 percent last week, its highest level since 2011.