Tepper says that while he is normally seen as a bullish investor, he currently has a portion of his money in cash.
泰珀表示，尽管人们通常认为他是多头，但他目前仍然持一部分现金。
That's a problem, Tepper says, because stocks on average are trading at 16 times next year's expected earnings. That means investors are expecting relatively strong bottom lines.
泰珀说，这是个问题，因为目前的股价平均水平隐含16倍的远期市盈率，意味着投资者预期企业的盈利会相对强劲。
That's a problem, Tepper says, because stocks on average are trading at 16 times next year's expected earnings. That means investors are expecting relatively strong bottom lines.
泰珀说，这是个问题，因为目前的股价平均水平隐含16倍的远期市盈率，意味着投资者预期企业的盈利会相对强劲。
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