Wednesday, April 13, 2011

The Tepper-QE2 Rally

Just quick confirmation of something that occurred last September. In that post, I wrote of David Tepper's bullish equity market call on CNBC. On the prior day, the S&P500 closed near 1125.

Even with the recent backsliding of the index, as I write this, it's at 1310.

That's a 16.5% gross return in just over six months.

I still wonder, though, whether it was a good call by Tepper, or simply self-fulfilling prophecy because a well-regarded fund manager talked up his book?

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