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David Tepper: Stock Market Not In Bubble; It's Time To Taper

November 21, 2013 | About:


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

Rating: 3.5/5 (15 votes)


Nitingoel1974 - 4 months ago
Please check this link: Do you still not spot the bubble ?
Vgm - 4 months ago
Interesting commentary from Stan Druckenmiller, covering several topics including David Tepper, and the markets - "the trend is up"

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

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