Market Watch: Stocks hit all-time highs but hedge fund giant is bearish

Monday marked a great start to the trading week for all three major U.S. stock indices.  The Dow, S&P 500 & NASDAQ each closed at all-time record highs.  Why and what does it mean?  See more from CNBC’s Bob Pisani below.

Meantime, one giant in the hedge fund industry-David Tepper of the $19 billion dollar in controlled assets company Appaloosa Management is feeling a little guarded recently about the markets. See more below.

Here are the final numbers from Monday August 15th, 2016 on Wall Street:

Dow Jones Industrial Average: 18,636.05  (+59.58 / +0.32%)

NASDAQ: 5,262.02 (+29.12 / +0.56%)

S&P 500: 2,190.15  (+6.10/ +0.28%)