Widely-followed hedge fund manager David Tepper told CNBC Thursday his chief market concerns have “alleviated.”
Last month, the founder of Appaloosa Management said at the SkyBridge Capital’s SALT conference said investors should approach the market with more caution, citing Europe rates, China and U.S. growth as concerns.
source: CNBC
Deep from the bowels of the Short Hills shopping mall, King Tepper speaks and the markets moveth.
As you were citizens.
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Those grade-school soccer trophies on his desk are a nice touch.
demonstrates a sense of maturity that his peers lack.
Ohhhh Not worthy we be. Arrrrr.
Bears have been placed right back into the fag box again. You’d think they’d learn by now its easier to buy the dips rather than to get your testicles removed over and over.
That look on King Tepper’s face says, “Fuck you, I just bulldozed a 40M home because I didn’t like the direction of the sun rays shined in”.
Any updates on his new home? Has he moved in yet?
The construction is ongoing
Like a boss.
hahaha
Market looks great today. The crap is moving higher (FEYE, CSLT, BNFT, GRUB, TWTR, WDAY, DATA, SPLK)) along with some of the larger cap higher quality names as well.
lol, it is funny that wall street has determined that these companies are crap. These are the most innovative companies in the world right now, many of them game changers. Sure they are losing money, but 99% of companies do when they are starting/growing. The last 4 companies you have listed are changing the way people think, market and disseminate information.
Maybe I should rephrase, by crap I meant stocks that were trading at nosebleed valuations that were subsequently taken to the woodshed because the momentum traders that took TWTR from $26 to $73 in less than a month could care less about fundamentals and only care about price trends, positive sentiment, etc. The product/service/management might be changing the way people think, but those same companies equity performance in 2014 has been “crap”. And the “sure they are losing money but who cares” argument works until it doesn’t. No one cares about cash flow or earnings on a highly popular, widely speculated stock as long as it has a good story and the price is going up. But everyone suddenly cares about valuation after the group starts to lose momentum.
Despite the great themes those companies may represent, it doesn’t mean their stock price is infallible. Momentum stocks generally going higher than people expect because those buying at the end don’t care about valuation. But when that hits exhaustion, you’re left with a stock no one wants. The price trend has broken so the momentum guys cut out, and estimates tend to get revised down, and GARP guys won’t own it because its trading at ridiculous multiples (absolute multiples not relative…just because something is trading at 8x sales and the group is trading at 15x doesn’t make it cheap), and obviously value guys wouldn’t even look at this group.
By the way I’m not suggesting the names I listed aren’t good buys here, I’m just pointing out that this group of former high flyers can be considered “crap” stocks even if they are great companies.
@forget, I know what you meant. Didn’t mean that as an attack on you. It was more of a comment on what the street thinks of these names, which I agree that they think they are “crap.” I just find it ironic that they are the most innovative companies out there, sans GOOGL.
What has the worldwide clams so fucking terrified? Why do we need moar and moar and moar printing? The panic printing is super duper boolish?
duh! Give me an example of when money printing wasn’t super bullish.
Japan. It is the timing that makes no sense. Markets are on fire.
Japan’s lack of stimulus has kept them flat-lining for decades.
Nice comedic touch with the “deep from the bowels of the Short Hills shopping mall” phrase. Tep may have a first class mind but he looks a little flabby and soft to me. I would bet on you Dr. in a scuffle.
Under no illusion there is a control beyond Qe
Not that the 3 central banks are in a mutiny to collapse the world through inflating it
Just think the group with that agenda knows the setup is being made for them.
Won’t go down until they are ready or want it to
for the love of god, please tell me those are his childrens trophies??!! what a tool
GIVE US MOAR QE!!!!!!!!!!!!!!!!!!!