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Transcripts For CNBC The Kudlow Report 20121025

The fiscal cliff, we call on leon cooperman, chairman and ceo of omega advisers, one of the 40 businessmen behind the open letter, a critical choice for america advertisement that ran earlier this week in usa today. Lee, thank you for coming on. I appreciate it very much. I have to ask you, youve had a fabulously successful career. This has to be a tricky moment. You have an election in 12 days. You have an unsteady market with earnings dropping and so forth and so on. What is your advice to investors . How do we get through this between now and year end . Thank you, by the way, for having me on the show. I think the stock market presently is in a zone of fair valuation. So i wouldnt call myself aggressively bullish or bearish. We have been quite optimistic for the last three years. But the rise in the market from the lows of 09 has put the market now in a zone of fair value. Having said that, to your viewers i would say that i dont think theres a better alternative amongst Financial A

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