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ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

September 19, 2017 | Braced for…Nothing

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.

Everyone knows the Fed will not be announcing any imminent tightening, but that won’t stop traders from going wacky in the minutes after the widely anticipated FOMC “news” comes at 2:00 p.m. As always, the central bank will leave enough room for the nitwads who presume to read Fed tea leaves to infer that there’s room for tightening later this year if necessary.  At that point, tightening will be about as necessary as mustard gas at a PTA bake sale

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September 19th, 2017

Posted In: Rick's Picks

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