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January 1, 2019 | Where Are Freaked Out Bears When You Need Them?

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.

AMZN and AAPL were both looking pretty subdued as 2018 ended, implying DaBoyz are not feeling so gutsy even though tax selling is out of the way. Merely bullish buying will always take a back seat to short-covering as a source power behind the rallies, but it remains to be seen whether there will be enough “good” news to panic bears. There were some border-wall stories on the tape that wouldn’t rate a yawn on Wall Street. But if the Dems crank up impeachment talk and their dirty-tricks squad to start the new year, it’s going to take a toll on stocks.

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January 1st, 2019

Posted In: Rick's Picks

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