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December 27, 2017 | Slogging Through a Holiday Week

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.

It was predictable that the stock market would try to bore us to death this week, presumably by wafting moderately higher on each successive day. Instead, we’ve seen the broad averages go nowhere, head-butting the record highs set ten days ago without showing enough pluck to impale them.  Are DaBoyz saving their short-squeeze ammo for 2018? Seems like a safe bet, since it’s hard to imagine the smart money starting the new year with a thud — especially considering how revved up Wall Street and the financial news media have been in recent weeks. All systems are go, it would seem, and what could possibly go wrong?

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December 27th, 2017

Posted In: Rick's Picks

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