– on Tuesday, arguing policy implementation may be more difficult than current optimism is pricing in."This is 100% a play on the election," Tepper told CNBC'son Tuesday. "But, I think investors would be wise at this point to take some chips off the table."
Tepper said, after this year's moves, the group will pull back regardless of who wins the White House. "If Biden wins, I think these stocks eventually sell off anyways because there's not a level of a Democrats' plan that's going to be perfect enough to justify these ridiculous valuations where they're at right now. The Green New Deal would literally have to be $100 trillion to justify these valuations. And if [President Donald Trump], the underdog, wins, these stocks sell off pretty quickly.
As a risk mitigation rule, Tepper is staying away from the group altogether. However, in the case that the Democrats take the White House and the Senate, Tepper sees a sliver of hope. "More important than who wins the presidential election is whether or not there's a Democratic sweep, because that would be the cleanest path to implementing a lot of these policies. But these stocks have just moved way too much to the point where the valuations are ludicrous," said Tepper. "I would wait for a pullback which I think is going to happen regardless of the outcome of the election.""The solar companies, they're some of the strongest charts out there.
Lets not forget Biden under Obama did nothing for energy. Nothing.
Biden will loose and CNBC will regret big time its decision to support him. There will be no going back like for CNN. There will be an alternative created soon after election to CNBC and in two years people will forget if there were a channel called CNBC
Any update on the Biden corruption story? Big news
America can become a leader in renewable energy, creating millions of jobs.
JoeBiden will be bobulinsky'd
Yeah, let's listen to one chumbalone. Great work, CNBC.
while the rich DEMOCRATS have lights nice cars houses POWER
they pumping it like Obama did Solyndra then DUMP 500 MILLION bankrupt look around gas cars look around cheap gas look around not every state got sunshine they kill fracking oil goes 100 solar is no where cause not enough sun penetration so you have black outs California
Biden not going to win!!
The trouble ahead for solar stocks is that Biden will not be President. Biden is losing badly. MAGA2020LandslideVictory
Don't Blame Me if stodgy curmudgeons don't see it I gave Big Oil a perfectly good B-School reason to invest in solar 25 March 2015 Telly Phone? I ain't getting no tellyphones. If'n I do, my workers will waste all day talking on the telly phone Experts!
Many people don't know solar energy also pollutes environment: solving one problem by creating another. Use developed energy such as fossil and nuclear to buy time to reduce pollution of renewable and to train workers for new job market.
How bout the oil stocks?
Birds will die
I remember looking at Jim Biden and saying how are you guys getting away with this? Like, aren’t you concerned? And he looked at me, and he laughed a little bit, and said ‘PLAUSIBLE DENIABILITY.' The media is protecting China Joe Biden!
Laughing in solyndra
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