David Tepper says Wall Street ‘nowhere near an overheated’ stock market

[NewsFeeder]

David Tepper says Wall Street ‘nowhere near an overheated’ stock market

Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is ridiculous.

http://finance.yahoo.com/r/c3f71a7e...3D8AC9DD38&siteid=yhoof2&yptr=yahoo&.tsrc=rss

 

[Cactus]

Well, it certainly isn't today anyways. :cheesy:

 

[Warrenlm]

What David Tepper Bought And Sold In Q2: The Full Breakdown | Zero Hedge
"That triviality aside, what was most notable about Tapper's Q2 holdings is that in addition to boosting several key tech names, as well as opening a new $500+ million position in Alibaba, he took his total long equity holdings to just over $6.7 billion as of June 30, up from $6.1 billion at the end of March, the highest net long exposure since September 2014 "
"Here is a breakdown of the key position changes for Tepper as of March 31:

• Top new positions: Alibaba, QQQ ETF, IBB ETF, Dollar General, Stryker, Energy Transfer Equity, L Brands, Wells Fargo, Cemex,
• Top exits: Regions Financial, Pfizer, Mylan, Teva, Symantec, Charter, ArcelorMittal, United Continental, TerraForm, US Steel
• Boosted stakes: Micron, Google, Western Digital, Facebook, Apple, United Rentals, Thermo Fisher, UnitedHealth Group, Delta Airlines
• Cut stakes: Southwest, General Motors, Allergan, Kinder Morgan, Williams Partners, HCA, Nucor Steel, Boston Scientific, Mohawk Industries, PNC Financial"

 

[tsptalk]

Not that I have any reason to defend Tepper, but the 2nd quarter ended a month and a half ago so he could have started taking profits / selling in the interim. I know I can be in and out of stocks several times in that amount of time.