David Tepper, who is considered the best among the present lot of hedge fund managers, and that during the financial crisis, is quite optimistic as he believed that the Fed will support the financial markets if the economy deteriorated.
Tepper said in an interview with CNBC that the investment is likely to rise if the government gets involved.
He further explained the Federal Reserve Open Market Committee’s statements and explained that the government will support the financial markets and keep them from the degradation of a certain level.
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