Tepper Bullish On Stocks In Playful Interview

Jan 23 2013 | 10:35am 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

Prominent Hedgie Renee Haugerud Embroiled in Ugly Child Custody Battle

Sep 10 2014 | 2:43pm ET

A high-profile hedge fund manager is caught up in a nasty child custody battle in...

Lifestyle

Full House’s Stamos To Play TV Hedge-Fund Manager

Sep 5 2014 | 4:43am ET

The life of a Connecticut hedge-fund billionaire is coming to the small screen.

Guest Contributor

The Cult of Loss Aversion: A Call to Rethink Risk in Global Macro Investing

Sep 4 2014 | 5:45am ET

In the wake of a traumatic loss, whether it is financial or personal, it is just...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.