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- David Tepper: The stock market may collapse by 5% to 20%
David Tepper: The stock market may collapse by 5% to 20%
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Loading..."Shares on a global scale may fall very sharply if trade relations between the US and China continue to worsen," said hedge fund David Tepper,
Tepper argues that shares may drop by 5% to 20% if the tension between the two sides worsens. "We may have to understand that these tariffs will simply have them and will increase, then there will be a stock market correction and you do not have to be a genius to understand it," says Tepper.
"I am a very patriotic state citizen and I think it is good to protect our national interests, our technologies and jewelry, and this is a very serious issue and a matter waiting for a solution!" Sometimes when you have a serious problem, you may have to suffer and little pain, "said co-founder of Appaloosa Management.
As for the positions of Appaloosa Management, Tepper argues that the current bullish market is coming to an end and has therefore taken a close of some of the long positions.
Source: CNBC
Trader Petar Milanov Read more:
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