Sep 24, 2010

David Tepper forecasts the S&P500 heading into Q4 2010

It's not as easy in the near-term, because, what we talked about before is, you know, the economy, I'm not sure which way it is right now. I think it's getting better. I'm not absolutely sure. And if it's not getting better, the market can go down a little bit.

What does that mean, can it go down to 1100? Sure it can. Can it go down to 1000? No. I don't believe that. I mean, it can but if it does we're going to be 100% equities. Well, 90% equities, I do like to have some cash around.

~ David Tepper, president and founder, Appaloosa Management, CNBC's Squawk Box, September 24th, 2010

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