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Tepper & Birinyi's Hardcore Bullish Calls Signals Impending Market Doom

|Includes: SPDR S&P 500 Trust ETF (SPY)

David Tepper and Laszlo Birinyi graced CNBC with their presence this morning. Both hedge fund titans, these players pumped the airwaves with bullish commentary like there was no tomorrow. Over the years, from the 2009 lows on the market, they have never been quite so bullish. The markets are already up well over 100% from those lows. So why are they so bullish now?

As an average investor or trader, it has to be very concerning. Their overly bullish sentiment wreaks of an attempt to get the small investor to pour more money into the market. This was the same type of hype that was released just before the epic 2007 financial crisis began. The nature of their call gives the impression of a hedge fund that knows the end is near and needs to sell their positions soon to avoid downside. In a light volume environment, these funds cannot unload quickly. Volume is the lowest it has been in years and any attempt to dump quickly would create a big down move in the market. It must be done slowly and carefully. Thus, they need investors to continue to pump the market up, allowing for this slow exit.

Today, the markets are getting a short squeeze, buying frenzy from the Tepper & Birinyi comments. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) are trading at $164.99, +1.45 (0.89%). This is a new all time high on the stock market.

Gareth Soloway