-
Why David Tepper Is Only Half Right
Friday, October 1, 2010 - 12:20pm | 1611Read More...By Michael Pento, Senior Economist of Euro Pacific Capital Billionaire David Tepper, one of the most successful hedge fund managers in the world, attracted much attention in a September 24th CNBC appearance by presenting such unrestrained optimism that even the normally buoyant...
-
The Truth Behind The Rally (SPX, VIX)
Friday, September 24, 2010 - 11:47am | 425Read More...As the overall market rallies to end the week, some traders are left wondering, “What happened to the pessimism that was percolating through markets as recently as yesterday?” Case in point, action from the CBOE Volatility Index (CBOE: VIX) Pit yesterday, which reinforced the notion that traders...
-
David Tepper Drives The Market Higher
Friday, September 24, 2010 - 10:50am | 209Read More...David Tepper appeared on CNBC's "Squawk Box" program this morning, saying he is buying stocks left and right, as the U.S. government has Wall Street's back, and stocks will go up whether the economy gets better or not. Tepper said he was going "balls to the wall" long, and futures started to creep...
-
In Lieu Of Flowers
Friday, September 24, 2010 - 10:13am | 187Read More...The Federal Reserve is intent on destroying the dollar, no matter the cost to American's purchasing power. This morning, hedge fund manager David Tepper said that stocks will go up, no matter what happens. If the economy goes up, stocks will go up on their own. If the economy doesn't get any...
-
Tepper's Worst Trade
Friday, September 24, 2010 - 8:31am | 29Read More...David Tepper said his worst trade was in 1998, as Russia eventually defaulted. He believed that Russia should devalue its currency, but not default, and Russia wound up doing both.
-
Tepper Says 14 Multiple Not Crazy
Friday, September 24, 2010 - 8:25am | 44Read More...David Tepper just said the market could trade at a 14 price/earnings ratio and not be overvalued at all, especially in a 3% rate environment. Currently the market is priced at around a 12 multiple, and he believes that the market is undervalued at this point.
-
David Tepper: Balls To The Wall
Friday, September 24, 2010 - 8:22am | 94Read More...The founder of Appaloosa Management, David Tepper is saying go all in, because the government is on your side. Tepper recently said he's going, "balls to the wall" long because the government is going to backstop the economy if it doesn't get better on its own. He said his portfolio is currently...
-
Hedgie David Tepper Thinks BofA Goes to $27 (BAC)
Wednesday, May 26, 2010 - 4:27pm | 111Read More...Dow Jones is reporting that hedge fund manager David Tepper has a price target of $27 on Bank of America (NYSE: BAC); he was speaking at the 15th annual Ira Sohn Conference today. The unusual conference, at which 12 hedge fund managers present their favorite investment ideas in concise 15-minute...
-
Invest Like $4 Billion Man, David Tepper (BAC, WFC, C, FITB, STI, HIG, UAUA, DAL)
Thursday, April 1, 2010 - 4:05pm | 225Read More...Today, Absolute Return+Alpha magazine released their list of the top earning hedge fund managers for 2009. Headlining 2009's rankings of the world's wealthiest traders was David Tepper who runs Appaloosa Management. He made over $4 billion betting that the U.S. government would not let the nation's...
-
Record Pay For Hedge Fund Managers In 2009 (GLD, AU)
Thursday, April 1, 2010 - 12:20pm | 538Read More...The incredible rally in equity and credit markets in 2009 has translated into some jaw-dropping earnings figures for the world's top hedge fund managers. In fact, it is a record. The top 25 managers brought in a collective $25.3 billion. These figures include both the estimates of each money...
-
Barron’s Take On David Tepper (BAC, C)
Tuesday, December 22, 2009 - 12:08pm | 120Read More...David Alan Tepper’s hedge fund firm Appaloosa Management made a profit of about $7 billion this year when shares of firms like Bank of America (NYSE: BAC) and Citigroup (NYSE: C) were sliding. According to Barron’s, Mr. Tepper was also considered as the hottest investor on the Wall Street. Tepper...
-
Tepper Tipped To Win Billions On Growth Bet
Tuesday, December 22, 2009 - 11:45am | 276Read More...David Tepper’s hedge fund firm, Appaloosa Management, has made about $7 billion in profits this year, with Tepper slated to take home $2.5 billion himself. He’s preparing to collect on a bet that America wouldn’t face a repeat of the Great Depression. In early 2009, Tepper picked up chunks of...
