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David White

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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
    Reply
      • 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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                              • David White
                                You can make a lot of money if you risk heavily on directional bets. But if those bets don't go the right way, you have lost a lot.Risk mgmt
                                Thu, 4:05 PM
                                Reply (8)
                              • View all 8 replies
                                • David White: I did get a little verbose today. But calling it SPAM is unwarranted. Info was good. Are you a QE guy who's been buying on dips?
                                  Thu, 5:28 PM
                                • Josh Krause: All this red is just making me cranky
                                  Thu, 6:26 PM
                                  • David White
                                    That call I made on buying TLT a couple of weeks ago was prescient. Performed better than I expected.
                                    Thu, 4:00 PM
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                                      • David White
                                        For the most part those 598 rigs in the US dedicated to natgas drilling are "ADDING" to the supply. Very little supply is decaying greatly.
                                        Thu, 3:37 PM
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                                          • David White
                                            Much of the US natural gas supply has been developed in unconventional shale fields since 2009. Not going dry anytime soon.
                                            Thu, 3:33 PM
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                                              • David White
                                                NaturalGas.org forecasts that natural gas demand in the US will be essentially flat thru 2020. Lot of propaganda being circulated by momo's.
                                                Thu, 3:21 PM
                                                Reply (1)
                                                • David White: I should note that even I am not as pessimistic about natural gas demand in the US as NaturalGas.org. However, it's a good sanguine view.
                                                  Thu, 3:23 PM
                                                  • David White
                                                    I am getting increasingly annoyed by those saying US will soon export natgas (LNG). Not until 2015 at the earliest. Won't be a huge amount.
                                                    Thu, 3:18 PM
                                                    Reply
                                                      • David White
                                                        As of May 11, 2012 there are still 598 rigs actively drilling for natgas in the US (BHI rig count data). This is plenty to expand supply.
                                                        Thu, 3:15 PM
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                                                          • David White
                                                            Reality is that natgas supply capacity is growing far faster than demand. Need to drill more for HBP leases. Won't stop dead as some say.
                                                            Thu, 3:05 PM
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                                                              • David White
                                                                A lot of people are touting increased natural gas demand due to electricity use. Same folks touting coal. Figure that one out.
                                                                Thu, 3:04 PM
                                                                Reply (1)
                                                                • mun2000: natural gas win the battle with coal very easy but coal stocks are so beaten they will recover from here .natural gas is the future
                                                                  Thu, 3:19 PM
                                                                  • David White
                                                                    Solar has also gotten hit hard. EU used to be the big buyer. Those gov'ts aren't going to spend much on solar in this environment.
                                                                    Thu, 2:40 PM
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                                                                      • David White
                                                                        Betting on US coal and natgas at this point is foolish. The EU economic picture is getting worse, not better. Commodities trend still down.
                                                                        Thu, 2:39 PM
                                                                        Reply (6)
                                                                      • View all 6 replies
                                                                        • David White: I probably should have said nadir.
                                                                          Thu, 2:51 PM
                                                                        • cgodwin: Met coal prices have leveled off. Reg coal is a tough one. WLT is the only one to look at.
                                                                          Thu, 2:55 PM
                                                                          • David White
                                                                            There are a lot of salesmen in the money management business. Better to ignore sales pitch. Look at person, knowledge, and expertise.
                                                                            Thu, 1:59 PM
                                                                            Reply (2)
                                                                            • David White: If you feel good about a money manager, you may do better because he/she will do what you want. Fewer mistakes will be made.
                                                                              Thu, 2:00 PM
                                                                            • David White: It is actually illegal for Investment Advisors to make performance promises. Sales pitches that are illegal show the character of your IA.
                                                                              Thu, 2:04 PM
                                                                              • David White
                                                                                Latest propaganda is that Ireland could vote NO on the May 31 referendum about EU austerity. Then Ireland would become another Greece.
                                                                                Thu, 1:53 PM
                                                                                Reply (2)
                                                                                • jdub2788: Bullish.
                                                                                  Thu, 2:49 PM
                                                                                • David White: jdub: I would have thought you would have begun to learn by this point that there are some serious problems coming down the pike. Guess not.
                                                                                  Thu, 2:52 PM