Appaloosa Management’s David Tepper is bullish on Stocks

September 24th, 2010
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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.

Typically David Tepper ‘s Appaloosa hedge fund holds mostly bonds, but they are currently moving more and more into stocks. While Tepper has made the decision to go into stocks now, he cautioned investors by saying that he is not “going balls to the wall.”

David Tepper founded Appaloosa Management with Jack Walton in 1993.
For Detailed Investor Profiles on these Investors, click below:
Appaloosa Management
Related People: David Tepper; Jack Walton
Related Entities: Palomino Funds.
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Spotlight Reports

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