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David Tepper Dumps 40% Of US Equity Exposure Despite Claiming "Stocks Inexpensive"
At the start of Q4 2014, Appaloosa's David Tepper made a series of statements - dismissing Bill Gross as irrelevant (nope - turmoil caused by PIMCO unwinds roiled credit markets), calling the end of the bond bull market (nope - yields went on make lower and lower lows), and finally proclaiming that stocks were inexpensive and multiples not high. So, one wonders, if stocks were inexpensive and multiples not high, why did Appaloosa dump 40% of its US equity exposure in that quarter (only to end the quarter with even more exuberance proclaiming that stocks could rise another 10% in 2015)? It appears that when David Tepper says "buy", he means "buy... from me."
From Facebook to Apple to Alibaba, it appears Tepper has pulled the plug on the tech beta surge...
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So - to summarize - after telling the American people that stocks were inexpensive, Tepper's fund enacted a 40% reduction in dollar value in Q4:
With full liquidations in: Alibaba, Apple, Broadcom, CBS, Citigroup, Disney, Facebook, Ford, Halliburton, MGM Resorts, Mohawk Industries, Powershares QQQ ETF, Schlumberger, Shire, and Weatherford
Reduction in positions in virtually all existing holdings
And adding only 1 new position: American Realty
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SELL SELL SELL!!!!!!
must be bullish for the SPOOs
He is aiming to be a politician. Do as I say, not as I do.
WWGD? [What would Gartman Do]?
This guy even looks like an Asswipe. How can so many ClownAssSniffers populate this Ponzi?
i understand you want to sell - although i dont agree because where are you going to invest?
However, what i am most suprised WHY would he take pride on declaring it? why say it?
i dumped 40 percent of what i ate in the last 48 hours. down market with a flush and swirl.
multiples too high, thanks einstein.
Good morning ladies, miss me mucho?
how could we miss you, when we've never heard of you?
Yeah, we were about to shut the place down if we didn't hear from you in the next few days.
Yeah....was about 1/2" off your forehead, didn't allow for windage.
He could be the 25th GOP candidate, or the Democratic 2nd one.
Tepper is scum. Kramer is a clown. Yellen looks like Yoda but takes like someone in kindergarten.
To paraphrase George Bush The Dumber: Fool me once, do as I say; fool me twice...say what?!
ya, and like Barack Obama, I've been to 57 states, and only have two more to go..
They are all baffoons, and asshats, my friend...
left right and center...carnival barkers all
If you believe that Obama is as dumb as GWB, then you're as clueless as the latter.
bwahahahahahaha, on a fools errand I see...take another blue pill twinky!
Bush is a Great Statesman compared to Obama. Who says I fool you once shame on you , I fool you twice shame on you I fool you a third time....and now the rich have all your money and you have all their debt.
He sounds like another Kenyan we know
Asshole
He's like a bad magician that uses slight of hand but we can all see he has a rabbit in his pants.
At the very least, he's not stupid
Exited first, off the top ... or close enough ... perfect.
Pump and dump.
Like Arsene Wenger's trenchcoat, one wonders just what he's hiding within that big ol' forehead.
My opinion he is on the government payroll
This is how the game is supposed to be played. Personally, I'd think he'd be a real dolt if he didn't use his airtime to pump and dump.
Anybody who listens to the "words of wisdom" of these "professional investors" on TV, and invests on their advice, needs to have their heads examined.
& yet, there was all this 'man love' for Hugh Hendry around here for many years.
"This is how the game is supposed to be played."
Okay, as long as you agree that pogroms are also how the game is supposed to be played...
That's what it always comes down to. I've spent a lot of time researching this and it seems they never learn. Century after century it goes on. They keep pushing and pushing until the goyim can't take it any more and explode into violent reaction. Why can't such a gifted and intelligent people see what they're doing to themselves?
LOL, these oligarchs are priceless, telling us stawks are inexpensive, dive right in, while they sell their stake...that is because they need suckers to sell them to!
When the lights go off, EBT stops working, and the musical chairs party is over, I sure hope you have your preps at hand.
It's like a bad novel really, I can't believe this is happening, but it is unfolding right under our noses!
fucking lying JEW
http://en.wikipedia.org/wiki/David_Tepper
evil pig-face dickhead
http://www.forbes.com/profile/david-tepper/
fucking synagogue frontrunner
Fourth quarter window dressing. You have to learn to stand on your own tow feet in this game. Do you really need Tepper to tell you when to buy and sell? Lame.
"You have to learn to stand on your own tow feet in this game."
Then why were so many Wall Streeters whining after 9/11? I guess they only like the fun parts of the game...LOL...
You're referring to David (it's not important what I said or say but how I say it) Tepper?
Yea, that's the one.
Get real, this goes on all the time in various forms, from Goldman Sucks putting out a sell recommendation so they can load up to others saying buy so they can sell. One needs to do something that has become a lost art these days - think for themselves. Maybe I should say just "think"...
You get mugged on the Street if you're not careful.
Tepper, is a dick.
Cheap he says, sell he does.
Pretty much sums up financial news.
He got corrupted like everyone else. He was honest back years ago, remember when he said his firm was the lead wolf pack and out ahead of everyone on CNBC. "If the economy goes up the market will go up. If the marked goes down the Fed QE will support it" BAM done deal, the start of the market boom." He was the reason. His appreances so niceey timed with Buffet at times of real uncertainty/ EVERYTHING is a game and life for most people is all about what is in THEIR best interest.
I've seen Q balls that had more hair than he has.
He should listen to his brother Robert, cause there aint no easy way out......
https://www.youtube.com/watch?v=rOXaPE6gklI
Bill Gross would squash this little pissant.
Yup
.And when Henry Kaufman said interest rates were going higher in 1982, TWO MONTHS before the Fed cut rates, he meant "sell your bonds" to ... Solomon Brothers.
In financial markets "Dishonesty is the only policy."
He will be ALL IN on the Snapchat IPO.