David Tepper, hot shot hedge fund manager from the back of the Short Hills shopping mall in New Jersey, just made the case for higher stock prices, based upon a low interest rate environment. As we speak, congress is meeting to delay default until February. I am sure the Tea Party is strictly opposed to not defaulting, always opting for the ‘Santelli sanitization’ of ‘taking the band aid’ off now, as opposed to later.
I think the market is a straight shot higher, after we get past the debt ceiling issue. Naturally, there will be minor pullbacks and some stocks will underperform, based on bad earnings and such. But, generally speaking, we should trade up.
All you have to do is not screw up. Diversify your holdings. Do not overweight in low brow gambling stocks and try to look at the bigger picture. I am talking macro, not micro. Where is the money going and why?
Going into the final months of the year, the consumer will be in focus. There is real opportunity for gains in retail, being that they’ve underperformed for so long. Also, heading into Thanksgiving, WFM and FWM look interesting. The point is, focus on a thesis and not just ticker symbols, like some sort of vagrant jackass whore.
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The mere thought of a “Santelli sanitization” makes me throw up in my mouth.
all money manager is buying up FB
I am long from $32
Tepper seemed to miss Fly’s Clean up in Aisle 3, or doesn’t know that there are no soup lines this time because of EBT cards.
That’s a good point. But, needless to say, NO SOUP FOR YOU.
I don’t have $16 Billion under management, I have 19.
19 dollars?
That interview was ‘bullshit’ hahaha
good to know no delay, lol
S&P futures dropping as headlines cross that Paul Ryan has indicated that Senate provision in Senate plan is not enough
That shit-eating grin on his face needs to be smacked off, pronto.
Mr. Harper, while you’re at it, get that shit eating grin off of Reid and Pelosi in a non-partisan way of course because they all suck.
From 0bama down to McConnell- all vermin who want to protect their jobs and power.
Free stuff and handouts and F*** the middle class.
I personally would like to see a complete shutdown and massive disobedience vs our Federal Government. Instead of: “Hey Hey LBJ How many babies did you kill today” it should be: Hey Hey Obama (and DC) how much lying and stealing did you do today.
Next OVERSOLD reading on PPT is a definite buy point to ride into the end of the year.