A Less Sanguine David Tepper? That's the Rumor

May 13, 2013 3:34 PM UTC
(Updated - May 13, 2013 3:39 PM EDT)

Some are blaming afternoon weakness in stocks on rumors from trader Doug Kass that Appaloosa hedge fund titan David Tepper will be on CNBC's Squawk tomorrow and will be a bit more cautious.

From Douglas Kass @DougKass
"My Gnome, high above Alps, is hearing that the brilliant David Tepper will be on Squawk tomorrow - and that he has turned a bit cautious."

UPDATE: CNBC Managing Editor Nick Dunn confirmed in a tweet that Mr. Tepper will in fact be on Squawk tomorrow at 7:45AM ET.

From Nick Dunn ‏@NickDunnCNBC
"Tomorrow on @squawkcnbc, the return of David Tepper of Appaloosa. Tune in to live interview at 745a ET. #DeliveringAlpha @cnbc"


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