David Tepper says the 'Fed put is dead' so cash is 'not so bad' as an investment now

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David Tepper says the 'Fed put is dead' and so cash is 'not so bad' as an investment now

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Billionaire David Tepper says stock market tumbled too sharply Monday — so now he’s ‘nibbling’Hedge-fund star David Tepper says that the stock market’s violent Christmas eve selloff has compelled him to nibble at beaten-down stocks. We have mentioned the July 2015 area around 2125 on the S&P as a logical first stop although the August 2016 area around 2193 is another choice. As always there could be good trading bounces from other areas, we will be watching for panic and VIX indicaters.
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David Tepper: Fed is done supporting stock prices, so cash is 'not so bad' as an investment nowFed is done supporting stock prices, so cash is 'not so bad' as an investment now, says hedge fund titan David Tepper. Cash was a far better investment year to date.
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