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September 16, 2019 | On Wall Street, It’s ‘Toga! Toga!’

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 one of the world’s major oil facilities in flames, heavily damaged by Iranian cruise missiles, Wall Street barely flinched. Stocks recouped about half of Sunday night’s sharp losses and looked ready  to fly on Tuesday. Only inches separate the Dow and the S&Ps from new record highs that seem very likely to be achieved. We’ll be on our guard no matter what, since it is September after all — one heckuva time for shares to be trading at such lofty heights.

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September 16th, 2019

Posted In: Rick's Picks

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