Close

David "Buy Everything" Tepper Will Make An Encore Appearance on CNBC Friday

January 19, 2011 2:00 PM EST
David Tepper of hedge fund Appaloosa Management, who triggered a market rally with his comments on CNBC in September 2010 to "buy everything" ahead of QE2 from the Fed, is making an encore appearance on the network this Friday.

His last appearance on the network will go down in Wall Street folklore as the clearest, most concise, and most profitable trade idea ever given out on the network.

In the September CNBC interview, Tepper explained to the thousands watching in simple terms the Fed wants economic growth, and doesn't care about inflation. He said the trade is easy... "Buy."

In the interview, Tepper said one of two things is going to happen, either the economy is going to improve by itself and stocks are going to go higher; or the economy is not going to pick up, which would trigger quantitative easing from the Fed, which would send everything higher. "I can't take the chance of not being a little bit longer now," Tepper said. I'm not going "balls to the walls" but "it's that easy."

Tepper's prediction was dead on.

So, what does the oracle have in store for us this time? Expect much of the same from Tepper, with a likely focus on buying stocks. Tepper's recent trade in Dean Foods (NYSE: DF) suggests he might be looking at value names that could perform well with inflation.

Below is the video of his Sept, 2010 CNBC appearance:













Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Hedge Funds, Insiders' Blog, Trader Talk

Related Entities

Appaloosa, Hedge Funds