Tags: Appaloosa | Tepper | Bubble | Market

Appaloosa's Tepper: No Bubble in Equity Markets

Thursday, 21 Nov 2013 06:39 PM

David Tepper, the billionaire hedge- fund manager who runs Appaloosa Management LP, said stock markets are not inflated, as economies in the U.S., Europe and China are on “firm ground.”

“I know there’s talk about bubbles — this is not one,” Tepper said in an interview with Bloomberg Television’s Stephanie Ruhle at the Robin Hood Investors Conference in New York Thursday.

Tepper said his returns before fees this year are “well into the 40s.” In January, he said investors should own U.S. stocks because they were historically inexpensive, companies had little debt and interest rates were low. The Standard & Poor’s 500 Index rose to a record this month, gaining 26 percent in 2013.

Appaloosa, based in Short Hills, New Jersey, manages about $20 billion.

© Copyright 2017 Bloomberg News. All rights reserved.

 
1Like our page
2Share
InvestingAnalysis
David Tepper, the billionaire hedge-fund manager who runs Appaloosa Management LP, said stock markets are not inflated, as economies in the U.S., Europe and China are on "firm ground."
Appaloosa,Tepper,Bubble,Market
124
2013-39-21
Thursday, 21 Nov 2013 06:39 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved