Well, it certainly isn't today anyways.
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-...ahoo&.tsrc=rss
Well, it certainly isn't today anyways.
Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
Past Returns: 2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%
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"
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.
Tom
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