Tepper Bullish On Stocks In Playful Interview

Jan 23 2013 | 11:35am ET

The always-colorful David Tepper did not disappoint in a television interview yesterday.

The Appaloosa Management chief proclaimed the U.S. "on the verge of an explosion of greatness" during an appearance on Bloomberg TV's "Market Makers." The formerly hirsute Tepper said his failure to begin a Rogaine regimen earlier was his biggest regret in life. He gave host Stephanie Ruhle a Pittsburgh Steelers cap—Tepper is a Pittsburgh native and minority owner of the team. He threatened to disrobe. He discussed his career as a high-school actor and sang a few bars from his star turn, Bye, Bye Birdie. And he said he'd "rather work at McDonald's than the sell-side."

He also dealt with some matters of substance. On the U.S.'s pending "explosion of greatness," Tepper said that, in spite of the continuing economic malaise and political gridlock in Washington, there's not much to be bearish about. The "main thing right now is to be long equities," Tepper said, adding that he's "going to come out of the closet" as a market bull this year. His comment about stocks may be that coming out.

In particular, Tepper praised Citigroup, which he said has a 50% upside.

Tepper also told Ruhle that Appaloosa was up 30% last year.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...