+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

David Tepper Is Still Super Bullish And Thinks The S&P Could Rise 20% Or More

Mar 13, 2013, 21:53 IST

Billionaire hedge fund manager David Tepper is still extremely bullish and he thinks the S&P could rise 20 percent or more this year, CNBC's Kate Kelly reported on "Halftime Report" citing an unnamed source familiar with his thinking.

Advertisement

Tepper, the founder of $12 billion-distressed-debt hedge fund Appaloosa Management, doesn't see much more than short term volatility, Kelly said.

She added that he's surprised that the year-to-date hasn't been stronger, according to a source familiar with Tepper's thinking.

Tepper also sees real GDP growth of 2.25% and a lot of cash on the sidelines.

Tepper has a track record for being one of the best performing hedge fund managers on the Street. So far this year, he's up more than 10%. February was flat for Tepper, according to Kelly.

Advertisement

Back in January, Tepper told Bloomberg TV's Stephanie Ruhle that he was going to "come out of the closet" as being bullish in 2013.

His reasoning was that there there were no major negatives and basically nothing to really be bearish about.

"This country is on the verge of an explosion of greatness," he told Bloomberg TV, "An explosion of greatness."

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article