CNBC, 09/24/10, Hedge Fund Great, David Tepper, stocks will go up (4 of 4)

(Part 4 of 4.) CNBC, 09/24/10, Hedge Fund Great, David Tepper, President of Appaloosa, expects stocks to go up over the short-term, that is, over the next few months.

His fund made $7.2 billion last year.

Tepper's fund is up nearly 42% through July after fees.

His fund made 132% last year betting on financials.

CNBC, 09/24/10, Squawk Box with Joe Kernen, Becky Quick and Carl Quintanilla.

Category:

Education

Tags:

• stocks
• bonds
• Dow
• S&P
• Nasdaq
• Gold
• Silver
• stock
• market
• equities
• futures
• commodities

[financialclips]

@tyronebiggums3 All he's saying is if the economy gets better on its own, everything will go up. If the economy does not get better on its own, the Fed will provide more stimulus which will cause stocks to go up. So according to Tepper, either way, stocks are likely to go up.

[financialclips]

@tyronebiggums3 He notes that this is his short-term view over the next several months only, not necessarily is long-term view.

[tyronebiggums3]

This guy seems to know how to turn money into more money. His big picture view seems clouded, however. His view seems to bring things back to the credit expansion boom-time.