David Tepper's Nervousness 'Alleviated'

Hedge fund kingpin David Tepper is making headlines again today. This time for reversing on comments he made a few short weeks ago.

On May 15th markets buckled after David Tepper, at the SALT conference, warned that "the market is dangerous right now" and it is "nervous time." Today, he is reversing course, saying his concerns have been 'alleviated'.

In the recent past, Tepper was nervous about Europe, China, US, and the Ukraine, among other things. Now Tepper is telling CNBC's Kate Kelly "all of those things alleviated, one by one...to a certain extent."

Tepper's comments are noteworthy as he has successfully navigated the post credit-crisis market. His fund made returns of more than 100% in 2009. He then solidified his name in Wall Street folk lore after appearing on CNBC in September 2010 telling the investing public to "buy everything" ahead of more Federal Reserve easing. In May 2013, Tepper commented that a Fed "taper" would be good for the market . "To keep the markets going up at a steady pace the Fed has to taper back," he explained. Again he was proved correct.

Stocks are moving to the highs of the day amid the comments.

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