Tepper Says Stock Market Most Overvalued Ever Outside ‘99
- Investor joins Stan Druckenmiller in being skeptical of rally
- Some individual stock values in the Nasdaq are ‘nuts,’ he says
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Appaloosa Management LP’s David Tepper sounded a strong note of pessimism on the state of the stock market, calling it the most overvalued ever outside of the bubble of 1999.
Valuations on some individual stocks on the Nasdaq are “nuts,” Tepper told CNBC on Wednesday.