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NEW YORK (
Stockpickr) -- Appaloosa Management's David Tepper shot to hedge fund stardom in September 2010 when he predicted that
stocks had nowhere to go but up. The
S&P 500 complied, ending 2010 up about 13%.
Last month, he returned to
CNBC to say that though he's more cautious than he was several months ago, he's still bullish. "The economy is so much better now," he said, but "it's not a free ride in this market." He said equities still made for strong investments, singling out semiconductor stocks such as
Micron(MU - Get Report).