David Tepper Says the Case for Being Long Equities Is "Overwhelming"
Today, Tepper is still very bullish.
He thinks the case to be long equities is overwhelming. Housing is better, the automotive sector is better. Korea is easing, Japan is easing, Australia is easing and of course the U.S. is easing. The Governments around the world make being bullish easy.
Tepper thinks there is going to be $400 billion that is looking for a new home (he provides his explanation in the video below) in the coming months. If that money goes into equities the stock market goes into hyperdrive.
He thinks that the Fed needs to "taper off" or we could have a bubble stock market similar to 1999. Tepper warns that that guys who are short had better get a shovel to dig themselves out of the mess they would be in.
See part 2 of the interview here.