David Tepper on CNBC: “It’s a little bit different risk/reward. The market’s pretty high and the Fed’s put a lot of money in here. The market is by anybody’s standards pretty full. But then again there’s a lot of liquidity there and the Fed’s still there...

Tepper: "...It’s hard to say the market can’t go up. But it’s not a good risk/reward market."

Tepper: “Some of the tech stocks like $AMZN might be not that overvalued; I’m not saying the Nasdaq’s cheap by any stretch… but it’s not 1999. There’s definitely some misvalued companies out there.”

Tepper: “If you’re just talking about figuring out the virus and how things get better, how slow it recovers afterwards, yeah in that respect there might have been a bottom put in. That doesn’t mean you can’t fall significantly from these levels."

Tepper: “Airlines as long as the middle seat is open which it should be, are difficult stocks. I don’t think you can count on more pure giveaways from the government in that sector. I’m not saying they shouldn’t have supported them. That’s a tough sector right now.”

Tepper: “I want to be invested in the banks at some point, my problem is if you think there’s a long period of low interest rates coming up, forget about loan losses coming up … you would not be looking so fast at those banks. I’m not saying they’re tremendously overvalued

Tepper: “The logistics of the doses (vaccine) when people have to do the numbers and analysis to have enough doses to make a difference, it’s going to take a bit of time, so people have to be realistic."