David Tepper Coming Back To CNBC, To Update Status Of Proximity Between Balls And Wall

Tyler Durden's picture

A few months after David Tepper told everyone that "everything" is going up as a result of the second round of monetary insanity (with the resulting surge in stocks affording him good exit points to dump 20% of his financial investments), the Appaloosa stallion is coming back this Friday, presumably for much more of the same, which likely means he has decided to offload his complete fin holding. As a reminder, as we disclosed in November, Tepper "sold
18% of his BofA holdings (his largest holding both at June 30 and
September 30), 11% of Citi, 19% of Wells Fargo, 19% of Fifth Third, 19%
of Capital One, 75% of his then $157 million Hartford Financial
position, and lighten up on pretty much all of his other financial
positions." That said, we still have to see his holdings for Q4, which will be available by February 15, when we are certain to find much more asset dispositions. The balance of his holdings will likely be liquidated following this most recent appearance.

From StreetInsider:

David Tepper of hedge fund  Appaloosa Management, who triggered a market rally with his comments on CNBC in September 2010 to "buy everything" ahead of QE2 from the Fed, is making an encore appearance on the network this Friday.

His last appearance on the network will go down in Wall Street folklore as the clearest, most concise, and most profitable trade idea ever given out on the network.

In the September CNBC interview, Tepper explained to the thousands watching in simple terms the Fed wants economic growth, and doesn't care about inflation. He said the trade is easy... "Buy."

So, what does the oracle have in store for us this time? Expect much of the same from Tepper, with a likely focus on buying stocks. Tepper's recent trade in Dean Foods (NYSE: DF) suggests he might be looking at value names that could perform well with inflation.

With the market suddenly appearing toppy: read no more endless meltup on good, bad and no news, we were wondering how long before they dragged David back on the show.

And as a reminder below is a recreation of Tepper's position changes as of hus most recently issued 13F. Make your own conclusions.

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goldmiddelfinger's picture

Only now it occurs to the Gov that there isn't one.

Hedgetard55's picture

There never was one, why else would he spend $2 million in court not to have to produce it?


When it is proven there never was one, what happens to the Army LCOL now in jail for refusing Obama's order to go to Afghani?

BigJim's picture

Say - for the sake of argument - that Obama doesn't have a US birth certificate.

What would stop them forging one?

Anyway, let's close our eyes and pretend Obama hadn't run for office. So either McCain or Hilary Clinton would now be president.

There. Feel any better?

Michael's picture

Perhaps Barack H. Obama's birth certificate is NOT in all capitol letters, and that is why they won't show his birth certificate.

Perhaps BO was actually selected to be the President so he can turn the United States over to the one world government, the new world order if you will, on a technicality as being the only sovereign citizen left in America, technically, as indicated by his birth certificate.

Somebody call Jordan Maxwell and ask him what it means if somebodies name is not spelled on their birth certificate in all capitol letters. Perhaps it means it is not a valid birth certificate and therefore, with no valid birth certificate, Obama can't be President.

Capitis deminutio is a term used in Roman trials referring to the extinguishing, either in whole or in part, of a person's former legal capacity.

There were three changes of state or condition attended with different consequences, maxima, media and minima. The greatest, capitis deminutio maxima, involved the loss of liberty, citizenship, and family (e.g. being made a slave or prisoner of war). The next change of state, capitis deminutio media, consisted of a loss of citizenship and family without any forfeiture of personal liberty. The least change of state, capitis deminutio minima, consisted of a person ceasing to belong to a particular family, without loss of liberty or citizenship.[1]

Translation: Capitis means of head (genitive case of caput), deminutio means decrease or withdrawal, and maxima, media, and minima means the greatest, medium, and the least.

This is why your name is always in CAPS on all legal documents, i.e., birth certificate, driver's license, etc.


I made this Youtube video with pieces from part 3 of the BBC documentary, “The Power of Nightmares”. It explains the Precautionary Principal and where it came from, that has caused so much damage to our way of life and the world. This will tell you why the eco-fascists, Neo-Libs, and Neo-Cons use their apocalyptic predictions.

The Precautionary Principle-International Banking Cartel Brainwashing

Salinger's picture

If you go to wnd's source I think wnd may need to rethink its headline.


as for Tepper and CNBS - did you see what Comcast had to agree to win approval of their merger with the BS network

In addition to the $9.95-a-month broadband service, Comcast would help families who qualify purchase user-ready computers for about $150, according to an agreement the company reached with the FCC. The computers would be supplied through a third-party vendor, and Comcast (regular) customers would subsidize the cost to bring it down to $150.


goldmiddelfinger's picture

And the connection to Tepper is....?

Salinger's picture

any mention of CNBS is pretty much open season to expound on just how pathetic they and their ownership are


(Tepper facilitated the mention of CNBS and thus the connection)

DonnieD's picture

We no longer approve mergers on their merit but rather how much of the Administration's agenda you are willing to carry out. So the middle class who is already paying $80/month for internet can expect that to go up as you subsidize Obama's internet expansion. I'm sure whitehouse.gov will be the default homepage and for some reason zerohedge will come up "website can not be found".


Gubbmint Cheese's picture

sounds like Hawaiian birth certificates are all processed and handled via MERS..


civilmanus1's picture

Awesome. Thanks for the laugh.



Hephasteus's picture

Man everybody has created like 100 awesome jokes this week.

I am more equal than others's picture

Been 'junked' twice.  Didn't know barry blowing liberals trolled here. 

goldmiddelfinger's picture

David Tepper back on his stupid horse for another hit on the "hype my postions" bong. Last month's rush is fading and I've milestones to make. That this is not illegal is insane. More importantly, when does Ted David return?

Mercury's picture

Earlier, Erin Burnett/Haines did a top-5 countdown of the biggest holders of U.S. debt. The fact that The Fed (thanks to QE 1-3) is now the single largest U.S. debt holder was spun as good news because, see, it's not true that foreigners own us!  We own ourselves! USA! USA!


Logans_Run's picture

The Fed is a sovereign of its own making with the double bonus of back-up by the American Taxpayer. How we haven't figured out that this isn't much different than our relationship to England when we were colonies I don't know?

Mercury's picture

...and TBTF banks are the new landed gentry/E. India Co.

Cdad's picture

Ms. Erin Burnett is an adorable, sparkly-eyed progressive.  She long ago surrendered her professional objectivity, as well as her journalistic integrity, in exchange for deciding to simply be adorable.  And who could deny just how adorable she is?

It has been suggested here on this site that perhaps the only issue folk really have with E. Burnett is that perhaps she should be working on the Food Network instead of a [supposed] financial news network where [I think] we all could really enjoy her adorable nature.

As for how to deal with her in her current station, I would suggest the mute button is the best defense.  Take heart...the Comcast deal is closing soon, and I cannot imagine how certain folk there currently could survive that event.

Ragnarok's picture

Comcast will probably clean house over at MSNBC before touching CNBC.

gangland's picture

i was going to lay off, see ive said a lot of shit on here, not that i care, but so it was going to take a lot for me to log in again, but i could not resist, i really cannot stand the fuck out of this girl.  she really annoys the living life out of me.  oh god what i would give to someday see haines lose it and just backhand this giggly little shit across that rat face.  comcast needs to look at the fucking ratings with intent and prejudice.

Common_Cents22's picture

The real Mark Jabba the Haines was revealed this morning.   He screwed up his line and Erin corrected him.   As they went to a guest they left his mike open.  He yelled, "Do not interrupt me!"    classic fat bastard.

bob_dabolina's picture

Here is that correction

R2k off almost 3%

I don't usually make public about my investments but my shorts are ball smacking right now thats how hard I'm hitting it (and yes I came on here a couple days to telegraph to the world that I put em on.)

Vegas baby! Vegassssssss!!!!

AccreditedEYE's picture

Who the hell let the Nasdaq drop over a percent today? Is that f-ing allowed?!! Who authorized it??

Mr Lennon Hendrix's picture

Hu's PPT buying the President's Working Group on Financial Markets shares in tech.

China forced the F'n dip, to buy the F'n dip.

That's all I got, other than EVERYTHING EXCEPT PMs ARE OVER VALUED.

AccreditedEYE's picture

I agree that it's nice to see gold catching a bid while risk sells off.I do hope that trend continues into the eventual beatdown. (whenever it comes) PS- your avatar still makes me laugh every time I see it... most reflective of current market participant mindset. lol

pacu44's picture

Someone was looking at porn?

Hephasteus's picture

I like that e-trade move. Lots of commisions on run away run away run away.

goldmiddelfinger's picture

Re Dean Foods DF inflation angle; MOS looks like a trauma case today as Cargill family plans to offload 64%-all they own. If that isn't a case of massive insider get outta Dodge in the hot commod/ag space what is?



andresesp's picture

sorry no bother here, but anyone can help to search zerhedge for old posts? I can t find a search bar or anything...Thx!

goldmiddelfinger's picture

Don't see a gold play in his book. Guess the meltdown continues.

Gloomy's picture


Why European Banks Are Issuing Debt in America Peter Atwater  JAN 19, 2011 9:20 AM     Banks like HSBC, Lloyds, and Rabobank are issuing significant volume in the US for one main reason: because they can.      


During the mortgage market meltdown I joked that “we may have built the swamp and have to live in it, but at least we sold the water” in an effort to explain how it was that we could bring unknowing municipalities in Norway to their knees because they owned defaulting US MBS.

What brought this comment to mind was an article in Tuesday's Wall Street Journal that foreign banks had sold $36.4 billion of investment-grade debt here in the US during the first two weeks of 2011. In fact, year-to-date, these “Yankee” bonds account for than two-thirds of all US investment-grade bond issuance.

So why are banks like HSBC (HBC), Lloyds (LYG), and Rabobank coming here to issue?

Because it’s cheaper than issuing at home in Europe. But, while some of this cost savings may be attributable to the swap market and savings issuers may gain by converting dollars into euros, my concern is that the reason European banks are issuing such significant volume here is because -- to put it bluntly -- they can.

As someone who tracks the financial services sector both here and in Europe closely, I am constantly surprised by what US investors miss regarding the European banks, and vice versa. Even in our 24/7 world of instant global communication, what we appear to know best is that which is physically closest. And as a result, we tend to rely heavily on other organizations like the rating agencies and Wall Street analysts to vouch for those far away.

To these eyes, US investors appear to be ignoring the fact that European banks have very few domestic alternatives left for raising long-term debt -- something regulators are demanding in the aftermath of Ireland’s near-bank run. European banks have exhausted the cover bond market (their version of our MBS market), and local appetite for unsecured debt has all but dried up as both regulators and politicians in Europe have made it clear that non-deposit lenders to banks are at high risk of being “bailed in” in the event of bank failure. As I have written before, the parent-child relationship between European banks and European governments has reversed, and increasingly the banks, or more accurately the stockholders and non-deposit creditors of the banks, are bailing out their home countries -- either through direct “burden sharing” or taxes and levies.

So as a result, European banks, particularly those with strong names and high debt ratings, have come here to issue, hoping that US investors -- particularly retail investors -- are unaware. But having witnessed this phenomena in reverse three years ago, when we were the ones selling swamp water, I can’t help but wonder if we are about to get a taste of our own medicine, so to speak, as US bond funds (not to mention money market funds) buy Yankee debt because it is attractive relative to other domestic alternatives.

Time will tell. But yet again, I would recommend that readers consider the full “interconnectedness” between the US and Europe, particularly as some pundits are now suggesting that we can “decouple."

And where have we heard that before?

AccreditedEYE's picture

Now THAT'S what I call financial warfare. sweet.

Brokenarrow's picture

The DJII is down 32? What? Is the Fed asleep at the switch? It will close green by the close. Dont worry for a second.

NotApplicable's picture

They got to save the stick (save) for the final tick, lest Hu grabs 'em by the balls.

goldmiddelfinger's picture

Commod shares are getting crushed MOS WLT FCX X

Tom DeMark is DeMan

john-zh's picture

Dear Mr. Durden,
your argument on Tepper's selling was (and still is) wrong.

Please read this: