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"It's as good as it gets in the U.S.," a wildly bullish David Tepper tells Bloomberg. "This...

  • Tuesday, January 22, 11:27 AM ET
    "It's as good as it gets in the U.S.," a wildly bullish David Tepper tells Bloomberg. "This country is on the verge of an explosion of greatness." Be long the "risk things," he says, and avoid Treasurys, the Swiss franc, and the yen. He's as blunt as ever: "I'd rather work at McDonald's than the sell side."
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This news story has 30 comments:

  •  
    The "sell side" are the brokers, he'd rather work at McDonald's than the "sell side"? The "sell side" does very well in wildly bullish markets, too.
    22 Jan, 11:34 AM Reply Like
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    Delta is bullish on America!
    22 Jan, 11:37 AM Reply Like
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    I hope this guy didn't try driving a car until after whatever he was smoking wore off.
    22 Jan, 11:40 AM Reply Like
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    Buy US, President Obama was reelected.
    22 Jan, 11:40 AM Reply Like
  •  
    Invest in hopium
    22 Jan, 02:43 PM Reply Like
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    Brokers are having a heck of a time bringing back disgruntled clients, not to mention the new and fresh.

    All that AMB is flowing from the top to asset price inflation...but there is a limit to that game.
    22 Jan, 11:41 AM Reply Like
  •  
    he makes perfect sense. With the US economy clearly improving and the FED behind printing money why would you not invest in high yielding assets? Yes it will creat a new asset bubble (equities) but it wont be bursting anytime soon. Like it or not, US equities are now the most attractive asset class. He does seem a little crazy but he is very smart. Most interestingly his top holdings were:
    1-QQQ
    2-Apple
    3-Citi
    4-AIG
    22 Jan, 11:56 AM Reply Like
  •  
    Yeah david talking up your leveraged long position. Would like to see him flip some burgers.
    We got a crackpot buying in close to $90 BILLION worth of paper a month and deficits over 1 trillion. We are so far along this insane path that there is no turning back. This economy is so addicted to artificial interest rates and monetization of the debts that a rise in rates would explode interest expense. The crackpot bought more time as portions of the financial system REFI-ED. The crackpot will be long gone like greenspammer when the next crisis hits.
    Social security is in DEFICIT! BUT it is great since we have the RIGHT to just mint e-dollars while others cannot.
    22 Jan, 11:56 AM Reply Like
  •  
    What ever happened to profits & P/E? These are not that good. The talking heads state that stocks are cheap. As compared to what. This is getting bizarre. I bought the VIX the other day (now that's cheap), just in case this is your classic pump and dump.
    22 Jan, 12:29 PM Reply Like
  •  
    Where on the curve? Contango?
    22 Jan, 12:41 PM Reply Like
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    Just for insurance against being long Gold Miners and Oil. I bought at the low last week. Cheers!
    22 Jan, 01:05 PM Reply Like
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    Tepper is not a talking head. He could show up daily but he is very private. CNBC, after a rare appearance Tepper, declared the long bull rally that followed the Tepper rally. He said what I like to hear. Nothwithstanding he is one of the few "talking heads" that can make broad and simple predictions that are dead on!
    22 Jan, 12:46 PM Reply Like
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    We are near a top. Gold is the only viable investment. Stocks is a fools game
    22 Jan, 12:46 PM Reply Like
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    This guy can't predict what's going to happen tomorrow, let alone this year. He must have a new book he wants to sell. Be careful. If Apple or Google miss their targets, we are headed lower. Plus the goof balls in Washington will do their best to screw things up. Remember what happened in 2011? The train left in December. Buying at the top is not one what you should be doing. Wait for a pullback. It will happen.
    22 Jan, 01:04 PM Reply Like
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    Now that all of the oil companies implemented Obama's fracking idea, we pretty much solved our oil dependence problem and his corporate productivity boosting program has been wildly successful. Come-on folks, we got rid of the biggest problems in Washington. The next 12 years under Obama and Biden are likely to be peaceful and prosperous.

    Lets enjoy it while we have it.
    22 Jan, 01:15 PM Reply Like
  •  
    He invented the internet, too. With help from Al Gore, of course.
    22 Jan, 01:19 PM Reply Like
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    We all know that government is responsible for everything. If all of the problems are governments fault, then government must be must be doing everything.
    22 Jan, 01:23 PM Reply Like
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    BTW The US government actually did invent the internet.
    22 Jan, 01:24 PM Reply Like
  •  
    Fracking is having an impact on the water table. You will soon be having to ask us In Canada for fresh water. We have more of that than Oil.

    Let's see - 1/2 of America loves Obama. The media and talking heads love him. He spends 1 Trillion plus more than he taxes you. Your $ continues to lose value especially against our buck. Unemployment is bad, your housing market is awful, food stamps have increased 12 million, your taxes just went up, etc. Why is he so loved? In Canada, we would have booted him out.
    22 Jan, 01:36 PM Reply Like
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    I know, it was originally a project from DARPA, but it wasn't Al Gore .. eheh.
    22 Jan, 01:40 PM Reply Like
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    Yeah we will take a all that nice clean water you used up there in the oil sands. You guys in the great white north haven't earned the right to lecture the US on environmental stewardship.
    22 Jan, 01:47 PM Reply Like
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    Yeah, we pretty much suck in the Environmental game. But who cares? Once you approve the Keystone Pipe Line, you will be swimming in Canadian Oil.

    We have ice and snow if you need any of those.
    22 Jan, 01:51 PM Reply Like
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    I visit for the snow frequently. This weekend in Whistler.
    22 Jan, 01:56 PM Reply Like
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    Beautiful resort. I have not been there in a while. Little to far from Ontario. I bet you wish your $ was 60 cents again. Oh well, good for us when we want to travel south. Cheers.
    22 Jan, 02:00 PM Reply Like
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    Yeah it was nice when we had the bigger $. As I recall though, our buck wnet south long before Obama. The currency thing is probably more related to natural resources than anything else. I wonder if fracking will fix that too?
    22 Jan, 02:06 PM Reply Like
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    In March 2009, your $ was worth $1.26. Today it is worth 99 cents. Me thinks it is all that $ Helicopter Ben is dropping.
    22 Jan, 02:35 PM Reply Like
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    You chose the top of the spike during the financial crisis as your starting date. Why don't we start in March of 2008. Me thinks it is you want to believe something so you believe it. Just look at plot, Ben has nothing to do with it.
    22 Jan, 02:40 PM Reply Like
  •  
    If earnings beat expectations we should trend higher. As for the goofballs in Washington they will postpone the debt ceiling issue til April so less uncertainty in the near term. In addition yes VIX is at an all time low but the VIX futures curve is still steep which means the market is not complacent. If you have not benefited from this rally already then wait for a pullback (which will happen mostly end of Q1, beg of Q2). All in all though this market in 2013 will be easier to trade than 2012 (which was already easier to trade than in 2011) no doubt- some ppl here are overly bearish and will be wrong again and again ...
    22 Jan, 01:18 PM Reply Like
  •  
    Nothing is ever as good as the extreme bears say it is, or as bad as the extreme bulls say it is. One of the few things I can say about the market with certainty is that it's not going up as far as the highest estimate, nor down as far as the lowest estimate.
    22 Jan, 02:22 PM Reply Like
  •  
    The SPX is up almost 5% since the start of the year.

    Would not be surprise if it goes up to (and may even pass) 1500 in the short term. However, we are due for a short term pull back soon.
    22 Jan, 02:29 PM Reply Like
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