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September 29, 2020 | Keep It Clean, Guys! Yeah, Sure….

Rick Ackerman

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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.

Investors took no discernible position ahead of the debate, allowing stocks to slosh around the whole day and to close near the middle of their range. Even if you could be sure of the outcome, how would you have bet it?  The pundits seem to think Biden could benefit from low expectations if he gets through the evening with no serious mental lapses. But would that be good for stocks’ For America? Trump could surprise merely by being tactful if his opponent stumbles badly: “Senator, if you need a moment to compose yourself, there’s no hurry.” If Biden unexpectedly runs steady as a Dodge Dart on 84 octane, it could knock Trump off-balance. Anything more than a glancing blow might send the incumbent reeling. As entertainment, the best the audience can hope for is a lot of low blows and eye gouging. Moderator Chris Wallace, the Fox News personality least despised by his counterparts at CNN and MSNBC, has a chance to keep it clean. If he succeeds too well, perhaps Jerry Springer will have a turn at the next debate? Isn’t that what America has wanted all along?

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September 29th, 2020

Posted In: Rick's Picks

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