Hedge Fund Billionaire David Tepper’s Stock Market Advice in 2010 Worked All Decade (CNBC) Two years after the collapse of Lehman Brothers in the 2008 financial crisis, hedge fund billionaire David Tepper made a bold market call on CNBC about the power of the Federal Reserve that made investors money all decade. Central banks here and around the world have kept interest rates very low — and in some places, Europe and Japan, rates have gone negative. U.S. stocks have been the beneficiaries, propelling equities from their March 2009 lows to their longest and best-performing bull market ever.
%% Im glad he bought BAC @$3.00 area= better him than me. A state official in NJ warned , of''a risk to the budget'' when he moved to FLA. Good move.,