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September 26, 2018 | A Nation Transfixed

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.

If the Kavanaugh hearings are held Thursday morning as scheduled, expect the markets to be relatively subdued, since the nation, even Wall Street, will be transfixed by the proceedings. No one except perhaps Dianne Feinstein would have predicted just a few weeks ago that the hearings would turn as crazy as they have. Brett Kavanaugh seemingly had a lock on a Supreme Court seat when the Senate Judiciary committee concluded its questioning of him on September 7.  Now, with the outcome uncertain, there is speculation concerning who would replace him if the nomination fails. On the other hand, some observers are saying he could be confirmed by the Senate as early as Tuesday with more than the minimum 51 votes that are required. For what it’s worth, Las Vegas bookies say Kavanaugh is no longer an odds-on bet to prevail.

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September 26th, 2018

Posted In: Rick's Picks

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