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May 6, 2020 | Which Side Are You On?

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.

The stock market has settled into a tedious rhythm that could almost make one think there’s nothing interesting going on in the world. Dull nights have been setting the tone for dull days, as occurred on Wednesday. Traders are waiting for news to move the markets, but perhaps all the news that matters, at least for the time being, is already out. So we are left with squabbling along the political fault lines of the pandemic. A Texas hairdresser was jailed for defying the quarantine, and the nation as always is divided roughly in half over the question of whether the state overstepped its bounds. All such convictions and fines are certain to be overturned if these cases ever get heard in an appellate court. If you watch Fox News, you’ve had enough; if CNN/MSNBC, anyone who defies the lockdown is a potential killer. A reasonable assumption is that the truth lies somewhere in the middle. The fact that this question is unlikely to be answered, even broadly, promises to gnaw on the American psyche for years to come.

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May 6th, 2020

Posted In: Rick's Picks

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