There are times to make money. This is a time to not lose money. I think it is a nervous time. I’m not saying go short. But don’t be super long either.”– David Tepper, who runs Appaloosa Management (a hedge fund) and made $3.5 billion last year via Fortune Magazine.
I am often skeptical of people who have vested interest in the market movements and this time is no different. But I do buy it when he says that investors are too optimistic in expecting 2015 to be robust for companies when economy is crawling.