David Tepper Says Stocks are a Sure Bet
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Bullish comments from noted hedge fund manger David Tepper of Appaloosa Management on Bloomberg TV appear to be contributing to a modest uptick in the market mid-day.
Tepper said he is bullish this year and said new money will increasingly go into stocks as equities offer better returns versus credit.
The hedge fund mangers see the U.S. growing 2-3% and said European risk is now largely off the table.
He said if you're long equities you will make money and sees potential upside of 20-25%.
At 11:30AM ET the Dow is up 7, the S&P 500 is down 1.5 and the Nasdaq is down 10.
Tepper said he is bullish this year and said new money will increasingly go into stocks as equities offer better returns versus credit.
The hedge fund mangers see the U.S. growing 2-3% and said European risk is now largely off the table.
He said if you're long equities you will make money and sees potential upside of 20-25%.
At 11:30AM ET the Dow is up 7, the S&P 500 is down 1.5 and the Nasdaq is down 10.
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