Appaloosa Management's David Tepper joined Bloomberg Television's Stephanie Ruhle this afternoon, live from The Robinhood Foundation Investors Conference. Tepper said U.S. equity markets are not in a bubble, "I know there's talk about bubbles, this is not one." Tepper went on to say he is short the bond market and it's time to start tapering. Additionally, Tepper said:

• Sees equities, GDP is going to be higher
• U.S., Europe on firm ground
• "Airlines are a big play"
• Owned big percentages in airlines stocks
• Sees gross numbers for this year "well into 40s"
• Recently put on more of a treasury short
• Not worried about inflation at all
• He no longer owns JC Penney Position; JC Penney stake was more of a trade
• He would have bought Twitter for long-term
• Rather work at McDonald's than Bank but not at grill, because that's too hard
• He still invests in and owns U.S and European Banks
• Sees upside in Citibank, sees stock at $70/SHR
• He's a democrat but would support Chris Christie
• Taper could affect market negatively in short term