"Short the S&P (SPY) at (your) peril," David Tepper tells CNBC, remaining bullish on U.S....

"Short the S&P (SPY) at (your) peril," David Tepper tells CNBC, remaining bullish on U.S. equities thanks to a worldwide search for yield and safety. Bank depositor haircuts in Europe and devaluation in Japan (he's bullish on Tokyo stocks as well) will drive even more money into both U.S. stocks and fixed income (TLT).
From other sites
Comments (3)
  • David White
    , contributor
    Comments (5135) | Send Message
    The -496,000 people moving out of the workforce in March 2013 say that QE is not working as well as Tepper thinks it is. There is probably some truth to the thought that European money is moving into US equities. However, as Europeans exit European banks, stocks, and bonds, they will want safety first. That's growing, big dividend paying US stocks and some US bonds. They're going to be selective though. It won't be a case of all boats floating this time. As the economy cools, more people will cash out to look for even greater safety.


    The more than 50% crash in the last recession is still fresh in people's minds.
    8 Apr 2013, 03:34 PM Reply Like
  • David White
    , contributor
    Comments (5135) | Send Message
    Tech stocks could get hit by a double whammy of a slowing US economy and a deep recession in Europe -- their second biggest market.
    8 Apr 2013, 03:38 PM Reply Like
  • BudMcClure
    , contributor
    Comments (35) | Send Message
    There is going to be a most epic crash in US equities and $SPY. The tsunami will scare the living daylights out of us when the crash comes without warning. This rally is NOTHING but funny money, endless QE. If irresponsible debt was the magic panacea, then the PIG countries would have smoking hot economies. All Americans should be outraged.
    8 Apr 2013, 04:51 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs