Stocks closed at fresh all-time highs on Tuesday, led by big gains in financials, after widely followed hedge fund manager David Tepper said he is "definitely bullish" on stocks. The Dow rose for a record 18th consecutive Tuesday.
The head of Appaloosa Management often has been credited with sparking the "Tepper Rally" in September 2010, when he told CNBC then that the Federal Reserve would support equity prices.
He again stated a position that liquidity would guide the markets, whether in the U.S. or other global markets where central banks are easing conditions. He also cited an improving economy, particularly housing and autos as reason to be bullish.