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October 31, 2018 | Why the Party Is Over

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.

Another brutal day for bears. Be sure to check out my latest tout for AAPL, since, more than any other stock on the planet, it will determine whether the bull market is in fact dead. I find it extremely difficult to imagine why this would not be the case, considering that the Wall of Worry has grown lately to surpass Mt. Everest in height. Read this insightful columnfrom the Wall Street Journal‘s Walter Russell Mead if you want a big-picture perspective on why the party is over. Mead isn’t concerned so much with earnings that have peaked, a strong dollar, rising interest rates or even an incipient real estate collapse as he is with a tectonic shift in geopolitics. “The world has entered a new, complicated and dangerous era of nationalist competition,” he notes — one that trumps market forces that have been ascendant over the last 30 years. This column is a must-read.

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October 31st, 2018

Posted In: Rick's Picks

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