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Tepper on taper: "No way"

  • There's "no way" the Fed can taper right now, says David Tepper, appearing on Squawk Box (and bringing the R-rated language of the trading desk along with him). He generally expects markets to move higher, but his unbridled bullishness of the past is tempered, and stock futures - usually good for a pop when Tepper makes an appearance - remain marginally lower, the S&P 500 (SPY-0.1%.
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Comments (6)
  • Financehulligan
    , contributor
    Comments (1079) | Send Message
     
    President Obama told us already in 2006 that:

     

    "The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is ‘‘trillion’’ with a ‘‘T.’’ That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.

     

    Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘‘the buck stops here.’’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.

     

    I therefore intend to oppose the effort to increase America’s debt limit."

     

    I do agree, US and future generation deserve a better leader!

     

    Then we got the NSA shit! China might be right! ‘de-Americanized’ World would make the World better.

     

    http://wapo.st/1fzBuPE
    15 Oct 2013, 08:50 AM Reply Like
  • Deja Vu
    , contributor
    Comments (1148) | Send Message
     
    Translation

     

    Tepper: I am long a lot of stocks right now that I bought at the very top. I need the market to go higher so that I can dump it all on greater fools. So I got up early this morning and rushed to CNBC so that I can deliver a premarket pump. Muppets. are you listening?
    15 Oct 2013, 09:09 AM Reply Like
  • sreimer77
    , contributor
    Comments (227) | Send Message
     
    Buy the rumor, sell the news. Any debt deal does not address any of the issues, it just kicks the can down the road again.
    15 Oct 2013, 09:24 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8133) | Send Message
     
    Google "Tepper interviewed by Stephanie Ruhle" watch the interview and tell me that money isn't power...
    15 Oct 2013, 09:30 AM Reply Like
  • Ray - Kitchener
    , contributor
    Comments (74) | Send Message
     
    Tepper is right. If the Fed tapers, interest rates increase which will cost the US government more in interest payments. Deficit goes higher along with overall debt. Catch 22. No tapering, in fact we will most likely see more QE. Then one day in the not too distant future, Humpty Dumpty will fall and will be broken.
    15 Oct 2013, 09:56 AM Reply Like
  • mooserocky
    , contributor
    Comments (7) | Send Message
     
    The longer this charade continues the worse the outcome will be.
    15 Oct 2013, 12:19 PM Reply Like
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