. Tepper also said he's buying some health-care stocks. "Things look really interesting for the long term."
"If you're levered, I wouldn't be levered," Tepper said. "The market could go down more. On the other hand, we could be near a bottom once they [Congress] get this package done." The major averages trimmed some of Monday's declines after Schumer's comments. Still, the Dow Jones Industrial Average and S&P 500 were off more than 3%. Both averages were also more than 30% below record highs set just last month.
Tepper said that — for stocks to reach a bottom — he needs to see the number of new cases in Italy "peaking or flattening" in the next few days. He also said "it would be interesting" if cases in New York City peaked in the next few weeks.
We have to do this til the virus is gone or it will come back with a vengeance we are lucky we can watch Italy and China .
Says the billionaire.
What’s dangerous is you greed
They are all 'nibbling'. It seems they can't make up their mind. It will be interesting to see what Berkshire Hathaway has shot with their 130B elephant gun.
Because HE'LL lose lots of money.
Too add: Iv now heard more then 3 people say “ everyone will get the virus , they just are trying to slow it down so the hospitals can keep up “.
He said he is Nibbling on high yield bonds .....
It will be of no use to 'nibble' at any corporation that doesn't exist after the economy tailspins into a DEPRESSION from the INSANE approach of SCORCHED EARTH being promoted by certain traitor elements that have infiltrated govt and are sponsored by foreign interests.
Well .. You mean it’s less dangerous with dead ppl ?
While Tepper suggestions have merits the solution is also for American business leaders to use their capabilities to assist Fed govt and governors in managing medical supplies and services needed to combat the spread of the coronavirus so Americans could get back to normal life.
Dying is also dangerous
He means its very dangerous for his shop
Let it crash. No more robber barons. No more one percenters. I don’t give a damn about their portfolios. Do you?
The economy will recover. Dead family members won't recover.
He's right.
uhuh
TechQn No shit captain obvious
Why do you guys keep on having these sanctimonious billionaires using your network to monetize their net worth? CNBC is gutter financial journalism.
How dangerous would it be if we loose half of the American population?
It's more dangerous for him to be out and about while the virus is just getting started. Older folks like him are at greater risk.
David go back to your routines. We'll stay home. Thanks.
This guy should be in prison, if you took the advice of the CNBC GS pump & dump boiler room operation disguised as business news just 3-6 months ago, you would be down 50-60% on your $ in 3 weeks, run folks, how the FBI allows these cnbc criminals to stay on air is beyond me
Hmm. If most of the people are dead they aren't going to stimulate the economy too much.
Being self-absorbed, impatient and undisciplined are three ways easy ways for this to stretch out and f*ck up our country. This guy seems to be leading that charge.
You don’t have to find a billionaire to tell us that.
Duh
Completely agree!!
Cbs in NYC has several with Coronavirus today in bldg nyc. This stock crashed 70%
Open businesses
You know what's ven more dangerous? Dying
Slew19508857 No Shit!
Fuck him
Yepp but it is necessary.
Probably not as dangerous as dead
Dangerous for who? Him?
Having millions of people in the hospital and having a terrified populace is not good for the economy, either. Do they know this?
Was awesome when he mentioned Cuomo and Murphy and couldn’t remember who the governor of Ct was. Most Connecticut residents can’t either.
Billionaires can have sick help. He knows that right?