04 Jan 2018 David Tepper: Market is as 'cheap’ as a year ago, bullish on Trump’s tax cuts ( Portfolio )

"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's no inflation. The market coming into this year doesn't look rich, in fact, it looks almost as cheap as coming into last year."