Billionaire investor David Tepper says he’s buying some tech stocks, but the market may have 10% to 15% more to fall.

“I’m nibbling right now, for what it’s worth,” Tepper, founder of Appaloosa Management, told CNBC.

Tepper noted he is adding to his positions in tech giants such as Amazon, Google parent Alphabet and Alibaba as well as chipmaker Micron Technology. Tepper also said he’s buying some healthcare stocks. “Things look really interesting for the long term.”

“The market could go down more. On the other hand, we could be near a bottom once they [Congress] get this package done.”

https://www.cnbc.com/video/2020/03/23/david-tepper-says-hes-buying-some-tech-stocks-but-market-may-have-10percent-to-15percent-more-to-fall.html

For his part, President Trump began talking privately late last week about reopening the nation, despite the swiftly rising number of coronavirus cases and against the advice of health professionals, because he’s worried about the economic damage from an extended shutdown, according to people familiar with his thinking who talked to Bloomberg.

He earlier retweeted several posts calling for healthy people to return to work after 15 days of precautions. “The fear of the virus cannot collapse our economy that President Trump has built up,” says a post retweeted by Trump. “Flatten the curve NOT the Economy,” another says.

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