The founder and president of the Appaloosa Management, the 62nd in the list of Forbes wealthiest, David Tepper, thinks that most investments can only go up. Overseeing a company that looks after client’s assets running into $12.4 billion, he believes the intervention by the government in spheres of financial markets can only get better.

In an interview in CNBC, Tepper explained that he bought stock in 2009 heavily because the game now is two faced, where the economy can improve as the stock rises or the economy could decline as the Fed induces through QE a stock rally. Currently he is upbeat about the Fed put, which translates into the fact that the Fed promises to aid in case the economy becomes weaker, thus he has become really bullish when it comes to stocks. To him the stock market can only improve.

As much as reaction by the market remains tepid, he believes the statement by the Federal Reserve Open Market Committee reflects the fact that the government is ready to make sure capital market is saved from going below a specific designated level.

David Tepper went for financial stocks of such companies as Citigroup and Bank of America in 2009, in a time when the fear was nationalization could be effected and destroy equity holders. This pushed shares to levels many would love to forget. The result was one of the best investments he has immersed himself into.

He is reputed as being one of the fund managers producing the best returns on Wall Street.

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