David Tepper Unfazed by Looming Budget Cuts

The Appaloosa Management founder sticks by his predictions of 20-plus percent gains in U.S. stocks this year

Appaloosa Management founder David Tepper

With the markets off to a fast start this year, pundits in some quarters believe there could be a pullback in the coming weeks ahead of the March 1 deadline for the so-called sequester, the next set of automatic budget cuts, as investors wait to see what Congress decides.

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