- "I'm not saying go short, I'm just saying don't be too fricking long right now," David Tepper tells hedge fund colleagues at SkyBridge Capital's SALT conference in Vegas.
- Among his concerns are lame growth in the U.S. and an ECB which has sat on its hands too long as deflation takes over in Europe. "The ECB - they better ease in June ... I don't know how far behind the curve, but I think they're really, really far behind the curve."
- "There's times to make money and there's times not to lose money. This is probably (a time when) you're supposed to think about preserving some of your money ... I think it's nervous time."
- ETFs: PRF, VV, SCHX, NY, FEX, JKD, EQL, SPXH, EEH, TRSK, PXLC, ERW, FWDD, ALTL, SYE