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September 12, 2018 | Eerie Calm Before the Storm

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.

With a potentially devastating hurricane bearing down on the Carolinas, it is eerie to watch a newsman do his evening report from the beach in Wilmington, NC. Winds are at about 8 knots and the ocean is calm, providing no evidence whatsoever of the tempest that has been predicted for the coastal Southeast. It’s tempting to hope that this developing story, like so many others, will not live up to the media hype that has preceded it. Whatever the case, denizens appear well prepared, many having evacuated into the hills. Westbound roads are jammed, according to a source who lives in Saluda, NC, and nearby Hendersonville has run out of bottled water and gasoline. We’ll likely know by tomorrow evening how bad it will be, but our prayers are with those who live in the beach towns that will take the brunt of the storm.

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September 12th, 2018

Posted In: Rick's Picks

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