Leon Cooperman Predicts Years of Stock Struggles, Housing Declines

Leon Cooperman said stocks were overpriced and the S&P 500 won't hit a new high for years.

Cooperman thinks we're in a "rolling correction" not a bubble, and it will take time to fix problems.

He predicts the S&P 500 won't surpass its current record of around 4,800 points for a long time.

Cooperman believes the housing market will see falling prices due to affordability issues.

He has sounded alarms on stocks this year, saying the S&P 500 could fall 35% from its peak.