Appaloosa Management’s David Tepper is bullish on Stocks
|September 24th, 2010||
|An interview this morning on CNBC’s Squawk Box with Appaloosa Management’s David Tepper reportedly helped move the US stock market higher. The respected hedge fund guru is moving into stocks, saying that if the economy does well over the next few months, stocks are going to do well, while bonds and gold will not do as well. He thinks that the Federal Reserve is serving as an effective “put” for his strategy, believing that if the economy doesn’t do so well that the FED will have to come in and help with quantitative easing (QE), which will likely cause “everything” to do well. |
David Tepper founded Appaloosa Management with Jack Walton in 1993.
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