Appaloosa Management 's Portfolio
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Since its inception in 1993, Tepper's Appaloosa Management has been a successful hedge fund, but big returns of more than 100% in 2009 made him a household name on Wall Street. Tepper solidified his name in Wall Street folk lore after appearing on financial network CNBC in September 2010 telling the investing public to "buy everything" ahead of more Federal Reserve easing, or QE2 as it has become known. The comments jolted the market higher that day and proved accurate as markets rallied to finish out 2010.
Top 10 News Items 6/6-6/10: Stocks Fall for Sixth Straight Week; Fed Says 'Accommodative Policies Still Needed' But Won't Discuss QE3; Bernanke/Jamie Dimon Stand-Off