Do you think the S&P 500 is a sell at its current record high, particularly with the upcoming election?

No, Leon Cooperman doesn't believe the S&P 500 is a sell at its current level. He notes that conditions typically preceding market downturns (recession, accelerating inflation, hostile Fed, geopolitical events) are not present. The market appears stable with consumer confidence high, strong retail sales and employment, and decent corporate profits. Cooperman does express concern about two factors: the alarming rate of debt buildup in the country and the political shift to the left. He's also worried about market structure changes, including the elimination of the uptick rule and reduced stabilizing forces. Despite these concerns, he believes the market is 'okay' for the near future.