What to expect by the end of the year, according to David Tepper

03.02.2015 / 01:03

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Manager of Appaloosa, David Tepper shared his views on 2015, saying that it would be "something like 1999, except for the events of the Swiss bank"

"Well, this year will follow the rhythm of 1998. Russia is in economic crisis, Europe and Japan exercise program stimulus. It will be 1999 I think ... oops 2015 "said Tepper. He added that what made the Swiss bank "is unexpected, but also normal for a country that wants to maintain the level of its currency" He also highlighted some major events that took place in 1999

S & P 500 rose 19% in 1999, reaching its peak in 2000, then hit bottom in 2002.

"Nasdaq Composite is as shoot a rocket, due to the good performance of technology stocks and collapsed in early 2000."

Last year, David Tepper to 42% return, beating 30% growth in S & P 500. For 2013 Tepper is the most highly paid hedge fund Manager with, earning $ 3.5 billion.

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What to expect by the end of the year, according to David Tepper

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