Bullish Billionaire David Tepper Dumps Stocks

As reported on his recently released 13F for Q4 2013, David Tepper liquidated the following stocks:

• US Airways ($178 million, 9.4MM shares)
• Dow Jones DIA ETF ($151 million, 1MM shares)
• Hertz ($33 million, 1.5MM shraes)
• Bank of America ($31 million, 2.2K shares)
• Sandisk ($25 million, 425K shares)

David Tepper: Bullish on the Fed, Bullish on the Market, Bullish on Everything

David Tepper: 

"Fed Won't Taper For A Long Time" "Generally Speaking Market Will Go Up"

David Tepper is bullish on 2013 and America!

David Tepper, who runs $12 billion hedge fund Appaloosa Management, was on Bloomberg TV today going all in on equities, America and 2013.


"This country is on the verge of an explosion of greatness. An explosion of greatness. [The] "main thing right now is to be long equities." --- David Tepper

David Tepper out of BAC and WFC

David Tepper, billionaire hedge fund manager of Appaloosa Management LP; aka David "Balls to the Wall" Tepper; aka Mr. "Tepper School of Business" at Carnegie Mellon University, where he achieved his MBA has zeroed out his stock positions in Bank of America (BAC) and Wells Fargo (WFC) according to CNBC.

New Zealand names its "Billionaire of the year"

Billionaire of the year

David Tepper made bucketloads of cash by betting that banks had been oversold early in 2009.

According to the story, Tepper has pocketed about US$2.5 billion of his hedge fund firm's profit this year. I suppose that explains the cheesy grin (but not the squint, the cheap PC in the background, the rumpled tieless shirt or the rolled up trousers - why is he dressed like a journalist?).

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