Billions David Tepper says the stock market tumbled too sharply Monday – so now he & # 39; s nibbling & # 39;
Hedge fund star David Tepper says the stock market's violent Christmas Eve has forced him to "sip" with knock-down stocks.
Talking to CNBC's Scott Wapner, the Carpets Dow Jones Industrial Average said
DJIA, -2.30%
S & P 500
SPX, -2.13%
and Nasdaq Composite Index
COMP, -1.47%
who all thumbed in the first few minutes of Monday's trade, "had a pretty good move" lower.
According to the tweet from Wapner, Tepper suggested that he was an opportunistic buy, or "nibbling," in the midst of the fall.
Carpets said the market had a pretty good movement lower earlier in the morning, and
David Tepper tells me he has been" nibbling "on some stocks Today's market "had a pretty good move" lower earlier this morning, considering it was too much of a move ….
– Scott Wapner (@ScottWapnerCNBC) December 24, 2018 [19659009] Stocks came short of time, but S & P 500 and Dow are still trading much lower early Monday, even as the Nasdaq Composite
COMP, -1.47%
stuck into positive territory.
U.S. Stock exchange trading is about Monday at 1 am. East and will be closed on Tuesday for Christmas.
Billionaire Carpets, one of Wall Street's top security funds all timers, has been less than bullish in recent months, and said in the fall that he had cut exposure to shares in Appaloosa Management, where he manages around $ 14 billion.
Read: One of Wall Street's most successful investors says a Fed stock market leader is gone
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