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David White

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  • 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.
    7 minutes ago
    Reply
      • 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.
        9 minutes ago
        Reply
          • 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.
            12 minutes ago
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              • 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.
                15 minutes 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
                  12 minutes 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
                  11 minutes 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.
                    17 minutes ago
                    Reply (2)
                    • jdub2788: Stimulus, stimulus, stimulus. inflation is going to be a huge topic going forward.
                      8 minutes ago
                    • TruffelPig: Yep, china will print. They devalue their own currency now for years.
                      7 minutes 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.
                        18 minutes ago
                        Reply (2)
                        • jdub2788: Every time it teeters, the printing presses show up.
                          9 minutes ago
                        • 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.
                          4 minutes 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.
                            20 minutes ago
                            Reply
                              • David White
                                Greece is getting closer to pulling out of the Euro -- a possible disaster -- contagion -- scenario.
                                21 minutes 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.
                                    22 minutes ago
                                    Reply (1)
                                    • mun2000: sad to agree with GS but i am in that camp too
                                      10 minutes ago
                                      • David White
                                        I recommended shorting PCX (and perhaps coal in general) at the beginning of the year. Coal stocks have been clobbered.
                                        1 hour 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.
                                          1 hour 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.
                                          1 hour 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.
                                            1 hour ago
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                                              • David White
                                                Before that I was recommending many dividend plays as long term investments. I still believe most of those will work.
                                                1 hour ago
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                                                  • David White
                                                    Some are attacking my record, but my short author rating says I have been shorting lately. Most of those have worked.
                                                    1 hour 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
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                                                                  • 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
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                                                                      • 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
                                                                              • David White
                                                                                Moody's downgraded 16 Spanish banks today. Spain also offically said it was back in recession after shrinking -0.3% in Q1.
                                                                                Thu, 8:32 PM
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