Tag Archives: bonds

Tepper: Stocks Cheap Compared to ‘Rich’ Bonds

U.S. stocks look cheap relative to the “rich” bond market, but the cost of no “fiscal cliff” deal in Washington could send equities down three percent, Appaloosa Management Founder David Tepper told CNBC in an exclusive interview on Monday.

But putting things in perspective, the hedge fund titan Tepper said on “Squawk Box” that he doesn’t see “very much downside” in the stock market.

“This market is a very good market. And once we can get over this hump, we could have Prince,” he said, making reference to the Prince song “Party Like It’s 1999.” The Dow rose about 25 percent that year.