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"Explain to me where this market is rich. It's not rich with the tax thing that just changed earnings projections. With earnings forecasts going up and interest rates where they are, how is this market expensive? I don't see the overvaluation. World growth is higher. There is no inflation. The market coming into this year doesn't look rich.  In fact, it looks almost as cheap coming into last year. The market can't go down until the bond market gets hit.  It's amazing where interest rates are." -David Tepper (2018.01.04)- 

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