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January 3, 2018 | Girl, We Couldn’t Get Much Higher

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.

Stocks have entered the new year with their wonted ability to waft effortlessly higher on thermals of giddiness and so-so volume evidently still intact. In decades past there have been instances where the mere flipping of the calendar to January was enough to evince a sea change in Wall Street’s mood. Not this year, apparently — at least not so far. The headlines have been so felicitous lately — even Trump has been getting good press — that it’s almost scary.  One could imagine that all that’s needed to send stocks tumbling is for some high-profile economist to say — and really mean it — something to the effect that the stock market seems to have reached a permanently high plateau.

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January 3rd, 2018

Posted In: Rick's Picks

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