ECB Decision Good for Stocks, Bad for Bonds - Tepper

(Updated - September 4, 2014 12:40 PM EDT)

Appaloosa Management's David Tepper, maybe the most important bull in the current market run, told Bloomberg TV anchor Stephanie Ruhl that the rally in the bond market is ending after the ECB unexpectedly cut interest rates to spur economic growth and stave off the threat of deflation.

Tepper said, "What the ECB did today was very important. They want growth, an increase in the money supply and inflation. Basically what it all means for the markets is higher equity prices and a beginning of the end of the world bond market bubble…We are done."

He went on to say, "Draghi wants inflation in the Euro zone. He will not stop."

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