Hedge fund guru David Tepper on tapering Fed's QE and burying short sellers

There better be a true [Fed] taper or else you might be back into the last half of 1999.  So like guys that are short, they better have a shovel to get themselves out of the grave.

If the Fed doesn't taper back, we're going to get into this hyper-drive market.  It's a backwards argument. To keep the markets going up at a steady pace the Fed has to taper back.

~ David Tepper, as appeared on CNBC's Squawk Box, May 14, 2013