- the source for market opinions


August 20, 2017 | Trump as Caligula

Rick Ackerman

Rick Ackerman is the editor of Rick’s Picks, an online service geared to traders of stocks, options, index futures and commodities. His detailed trading strategies have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders. Barron’s once labeled him an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case. He received a $200,000 reward when a conviction resulted, and the story was retold on TV’s FBI: The Untold Story. His professional background includes 12 years as a market maker in the pits of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barron’s to The Antiquarian Bookman to Fleet Street Letter and Utne Reader.

Trump’s days seem numbered, raising the possibility that the bull market’s last hurrah will be in short-lived celebration of Mike Pence’s ascent to the presidency.  When Congress’ summer recess ends, Trump will face bipartisan hostility, possibly with enough Republican votes to end his tenure in office.  Is impeachment possible?  Presumably yes, since the details of his financial life, never publicly disclosed, are likely to be sufficiently sordid and complex to raise serious questions about propriety. He could also be hounded into resigning, like Nixon, by a news media so obsessed with that goal that only one outcome is possible. In the meantime, expect Trump’s administration to increasingly resemble that of Caligula as members of the Senate and his Praetorian Guard maneuver to do him in.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the Weekly Recap.

August 20th, 2017

Posted In: Rick's Picks

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site


This site uses Akismet to reduce spam. Learn how your comment data is processed.