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Billionaire investor David Tepper calls stock market overvalued - Business Insider

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Billionaire investor David Tepper calls stock market overvalued

Billionaire investor David Tepper said the stock market is "maybe the second most overvalued" he's ever seen, just behind the dot-com bubble in 1999.

In a Wednesday interview on CNBC's Halftime Report, the founder of hedge fund Appaloosa Management said, "The market's pretty high and the Fed's put a lot of money in here ... the market is by anybody's standard pretty full." "There's a lot of liquidity there and the Fed's still there. It's too hard to say the market can't go up or something like that, but it's not a very good risk-reward market," Tepper added.

Tepper said he's not short stocks, according to CNBC anchor Scott Wapner, and is "relatively conservative" with his portfolio, positioned to be 10% to 15% long equities.While Tepper acknowledged that the March 23 low in the S&P 500 index may have marked the bottom, "that doesn't mean you can't fall significantly from these levels," he said.

 

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David Tepper says this is the second-most overvalued stock market he's ever seen behind only '99Bitcoin $BTC 🚀🚀🚀 MARA only 8 million float 📈📈 Seems to me Tepper is hedging everything he says. Tepper same as ackman when he told us hell is coming.
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