Today was the Ira Sohn Conference, where some of the biggest hedge fund managers get together to pitch their best ideas and help raise money to fight pediatric cancer.

Leon Cooperman said “I think the bond market is overvalued, but the stock market is about 16 times earnings and [it] seems about right ” This echoed comments by Warren Buffet who said earlier in the day that he would short the bond market if he could. David Tepper also said there is a chance that treasury’s could fall hard.

David Einhorn went after Pioneer Natural Resources (PXD) laying out a strong argument that PXD simply does not make economic sense.

Jeffrey Gundlach says that the low in bond yields has already happened.