Billionaire Investor Leon Cooperman Sees Stock Market Correction Ahead, Recommends Energy Transfer and Arbor Realty Trust for Yield

Billionaire investor Leon Cooperman urges caution in the stock market, says S&P 500 is overvalued and facing a downturn.

He believes we're in a "rolling correction" that will take a long time to recover from.

For protection, Cooperman is using high-yield dividend stocks like Energy Transfer (ET) and Arbor Realty Trust (ABR).

ET is a major midstream company poised to generate significant cash flow as demand for US energy rises.

ABR provides commercial mortgages and has an attractive dividend yield of 12.5%.