Tepper: Fed Intervention Will Make Everything Go Up
Government intervention in the financial markets virtually guarantees that most investment choices will go up, hedge fund manager David Tepper told CNBC. "What, I'm going to say, 'No Fed, I disagree with you, I don't want to be long equities?'" said Tepper, president of Appaloosa Management which oversees $12.4B in client assets. "We're a bond place, but we changed up to a little bit more equities recently."
Posted on September 24, 2010
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