Hedge fund titan David Tepper, founder and president of Appaloosa Management, told CNBC he's still bullish on stocks and investors shouldn't worry about the Fed tapering its massive bond-buying program.
"There better be a true [Fed] taper or else you might be back into the last half of 1999," Tepper said in a "Squawk Box" interview. "So like guys that are short, they better have a shovel to get themselves out of the grave."
"If the Fed doesn't taper back, we're going to get into this hyper-drive market," he explained. "It's a backwards argument. To keep the markets going up at a steady pace the Fed has to taper back."
