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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...