Why making the call to buy financials in 2009 was easy and other market insights, with David Tepper, president & founder of Appaloosa Management.
Airtime: Fri. Sept. 24 2010 | 0:00 DT ET
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries." -Bill Gross
Initial Jobless Claims for the week ended Feb 18th totaled 351k, 4k less than expected but the prior week was revised up by 3k to 351k. The 4 week average did fall to 359k from 366k, the lowest since Mar '08. Continuing Claims fell by 52k to the lowest since Aug '08. Also, Extended Benefits fell a net 69k. Bottom line, the data still points to a labor market that continues to improve however lumpy the process feels for many. ...
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September 26th, 2010 at 12:57 am
This guy is good.
September 26th, 2010 at 11:49 pm
I think I just creamed my pants.
I love this guy.
Put him and Hugh Hendry in a room and it’s true investor porn.
September 27th, 2010 at 9:42 am
[...] The Tepper clip is just one of several bullish memes making its way around. Upbeat stories about the fact that, revisions permitting, we now have 4 straight quarters of GDP growth in the can are becoming more prevalent. People are outwardly picking stocks again as well, discussing sectors as if the hyper-correlation phase may actually have an end in sight- a phase we were downright despondent about just 30 days ago. [...]
October 6th, 2010 at 10:26 am
[...] many things, this cycle its been pretty much all Fed all the time. That was what hedge fund manager David Tepper was referring to when he noted the Fed was pouring fuel on the fire. When the Fed sends their [...]