If I didn't know better I would have thought I was watching an infomercial with Billy Mays. I was sold on the market and I wondered if I bought one SPY, could I get a second free if I called now? Until I actually thought about the argument he made.
Stated simply David Tepper made the Bernanke/Greenspan Put argument. That same argument could have been made the entire way down in both of the meltdowns of the past decade. It also sounds very similar to the "liquidity" argument that was being made in April right before the market fell by 17%.
A year ago everybody was following John Paulson into the financials because he made "The Greatest Trade Ever
Please note: I am not saying that the bull case is necessarily wrong, just that I don't agree with this particular argument.
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