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David Tepper: Stock Market Not In Bubble; It's Time To Taper
Posted by: BloombergTV (IP Logged)
Date: November 21, 2013 08:33PM

Appaloosa Management’s David Tepper joined Bloomberg Television’s Stephanie Ruhle this afternoon, live from The Robinhood Foundation Investors Conference. Tepper said U.S. equity markets are not in a bubble, “I know there’s talk about bubbles, this is not one.” Tepper went on to say he is short the bond market and it’s time to start tapering. Additionally, Tepper said:

- Sees equities, GDP is going to be higher
- U.S., Europe on firm ground
- “Airlines are a big play”
- Owned big percentages in airlines stocks
- Sees gross numbers for this year “well into 40s”
- Recently put on more of a treasury short
- Not worried about inflation at all
- He no longer owns JC Penney Position; JC Penney (JCP) stake was more of a trade
- He would have bought Twitter (TWTR) for long-term
- Rather work at McDonald’s than Bank but not at grill, because that’s too hard
- He still invests in and owns U.S and European Banks
- Sees upside in Citibank (C), sees stock at $70/SHR
- He’s a democrat but would support Chris Christie
- Taper could affect market negatively in short term




Guru Discussed: David Tepper: Current Portfolio, Stock Picks
Stocks Discussed: JCP, C, TWTR, AAPL,
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Re David Tepper Stock Market Not In Bubble It s Time To Taper
Posted by: nitingoel1974@google (IP Logged)
Date: November 23, 2013 02:26PM

Please check this link: [online.wsj.com] Do you still not spot the bubble ?



Guru Discussed: David Tepper: Current Portfolio, Stock Picks
Stocks Discussed: JCP, C, TWTR, AAPL,
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Rating: 0.0/5 (0 votes)



Re David Tepper Stock Market Not In Bubble It s Time To Taper
Posted by: vgm (IP Logged)
Date: November 24, 2013 11:46AM

Interesting commentary from Stan Druckenmiller, covering several topics including David Tepper, and the markets - "the trend is up" [www.bloomberg.com]

Bloomberg have been killing it with great interviews from the RH conference.



Guru Discussed: David Tepper: Current Portfolio, Stock Picks
Stocks Discussed: JCP, C, TWTR, AAPL,
Rate this post:

Rating: 0.0/5 (0 votes)





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