Monday, December 17, 2012

David Tepper: Not Much Downside in Markets

"At 12 times next years with these interest rates, with these Fed, yeah, of course [Equities are] cheap. But you still do have the stuff that's going on in Washington that's holding back everybody and everything ... if it does blow up, the market will probably go down 2% or 3% ... but I think there's very limited downside. I think that on the upside a lot. "

"If you do the senate bill, you have no problem for ten years. Your debt to gdp is not going up for ten years. can you do the numbers. it's not going up for ten years. After ten years you have a real problem ... we should really make a down payment on the problem now"

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