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David White

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  • David White
    CNBC pundits predicting a big bull market coming. Maybe with high inflation, but we're still in the DEFLATION mode near term.
    1 hour ago
    Reply
      • David White
        GS's Kosting put out his 1275 target on the S&P500 before much of the bad recent news came out. Target may need to be lowered.
        2 hours ago
        Reply (3)
      • View all 3 replies
        • TruffelPig: GS is always promoting the own cause - they are too short it seems.
          2 hours ago
        • neobliviscar: Kostin. Not Kosting. His father was a good man.
          1 hour ago
          • David White
            GS' Kostin's 1275 target on the S&P500 is not a one day thing. It is the value he expects the market to fluctuate around in the near term.
            2 hours ago
            Reply (1)
            • TruffelPig: 1280 is a critical pivot point - was even on Mad Money a while ago
              2 hours ago
              • David White
                People knew FB was available on the second market if for no other reason than FB is a social media stock. IPO was always a loser.
                2 hours ago
                Reply
                  • David White
                    Many people miscalculated on FB. Reason is simply that FB had been trading for years before the IPO. Demand much less than some expected.
                    2 hours ago
                    Reply (2)
                    • mun2000: Hope of fast profit it make it very dangerous .FB have an awfull reviews regarding price of IPO on most of sites.Price target 25-30
                      2 hours ago
                    • mun2000: If in second day when Nasdaq rally 2% you lose 10-12% watch out if we get days with 100-150 minus .FB will cat bounce to 35 then plunge to30
                      2 hours ago
                      • David White
                        If Spain and Italy experience a significant haircut/bailout, can China really be far behind? Lots of loan problems, esp. if economy slows.
                        2 hours ago
                        Reply (2)
                        • jdub2788: Stimulus, stimulus, stimulus. inflation is going to be a huge topic going forward.
                          2 hours ago
                        • TruffelPig: Yep, china will print. They devalue their own currency now for years.
                          2 hours ago
                          • David White
                            If Spain needs a bailout or a haircut, Italy is almost sure to go the same way. This market is teetering on the brink. It's not healthy.
                            2 hours ago
                            Reply (3)
                          • View all 3 replies
                            • David White: That is a point, but I am not sure the ECB etc. have even decided how they will approach this quickly worsening situation.
                              2 hours ago
                            • jdub2788: Been in this game long enough, the harder the fall, the harder the fight via printing. its gonna be interesting and historic.
                              2 hours ago
                              • David White
                                Spain is getting closer to going the way of Greece, Portugal, & Ireland. This is the DISASTER scenario of 2 yrs ago. DISASTER now too.
                                2 hours ago
                                Reply
                                  • David White
                                    Greece is getting closer to pulling out of the Euro -- a possible disaster -- contagion -- scenario.
                                    2 hours ago
                                    Reply
                                      • David White
                                        Some thinking the S&P500 is going right back up. Maybe, but GS' Chief Forecaster, Kostin, has a 1275 near term target.
                                        2 hours ago
                                        Reply (1)
                                        • mun2000: sad to agree with GS but i am in that camp too
                                          2 hours ago
                                          • David White
                                            I recommended shorting PCX (and perhaps coal in general) at the beginning of the year. Coal stocks have been clobbered.
                                            4 hours ago
                                            Reply (4)
                                          • View all 4 replies
                                            • David White: Good humor guys. I was just getting a bit sensitive. Most of my recommendations this year have been good ones, esp. the shorter term ones.
                                              3 hours ago
                                            • David White: For the longer term ones, you cannot say yet. I was just feeling a little wronged, since the advice was overall good.
                                              3 hours ago
                                              • David White
                                                I also recommended that people sell many oil stocks earlier in the year as a slowing economy would tend to depress oil. Thesis is working.
                                                4 hours ago
                                                Reply
                                                  • David White
                                                    Before that I was recommending many dividend plays as long term investments. I still believe most of those will work.
                                                    4 hours ago
                                                    Reply
                                                      • David White
                                                        Some are attacking my record, but my short author rating says I have been shorting lately. Most of those have worked.
                                                        4 hours ago
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                                                          • David White
                                                            If you are good in the money management business, people will want you even if your name is Bruno.
                                                            Fri, 2:05 PM
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                                                              • David White
                                                                Adam Smith said a man will be most successful if he pursues his own enlightened self-interest. Still true today.
                                                                Fri, 2:04 PM
                                                                Reply (1)
                                                                • vireoman: Unfortunately, the norm is for people to pursue their own unenlightened self-interest. I see them on the freeways of southern CA every day.
                                                                  Fri, 8:51 PM
                                                                  • David White
                                                                    Currently I am one of the top rated short authors, but I wasn't in Jan. and Feb. I think that says I am adapting to the market. Good. No?
                                                                    Fri, 11:30 AM
                                                                    Reply
                                                                      • David White
                                                                        People have given me a lot of flak about being so negative lately. I saw only opportunities to make money. Were short opportunities lately.
                                                                        Fri, 11:28 AM
                                                                        Reply
                                                                          • David White
                                                                            If Spanish Banking crashes, DB, which you can buy put options on, may be a way to play it. DB has big exposure to PIIGS.
                                                                            Fri, 10:00 AM
                                                                            Reply (4)
                                                                          • View all 4 replies
                                                                            • TruffelPig: No crash. Too much CNBC BS.
                                                                              Fri, 10:05 AM
                                                                            • realornot: Germany will take over Europe.
                                                                              Fri, 10:06 AM
                                                                              • David White
                                                                                Cramer on CNBC is bringing back the fear of a Spanish banking crash. Wondering what Monday will bring.
                                                                                Fri, 9:59 AM
                                                                                Reply (9)
                                                                              • View all 9 replies
                                                                                • David White: they can sun it up again further. They make more money this way. I confess I actually agreed with Kostin when he made his call at SPY > 1400
                                                                                  Fri, 10:29 AM
                                                                                • TruffelPig: @David: ty for the honest answer. I agree 100% with you. For me the pivot point is around 1280.
                                                                                  Fri, 11:45 AM