David Tepper: It's a 'My Cousin Vinny' Market for Equities; Budget Deficits to Fall Sharply

CNBC's Squawk Box, Tuesday, May 14, 2013

Hedge fund titan David Tepper, founder and president of Appaloosa Management, told CNBC on Tuesday he's still bullish on stocks and investors shouldn't worry about the Federal Reserve tapering its massive bond-buying program.

"There better be a true [Fed] taper or else you might be back into the last half of 1999," Tepper said in a "Squawk Box" interview. "So like guys that are short, they better have a shovel to get themselves out of the grave."

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