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January 9, 2025 | Have Stock Markets and Bitcoin Topped Out?
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.
Could Tesla stock be the best short play ever?
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Rick Ackerman Archives January 9th, 2025
Posted In: HoweStreet.com Radio
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While I love to hear the other side of market views to get a better understanding of what is driving financial markets, I think Rick has got many things wrong here. He talks about disinflation . The fact is that housing (shelter) , raw materials, energy, insurance costs, food costs keep rising. Also rising interest rates makes the debt payments more expensive for Governments. This is inflationary. On Bitcoin saying $100 is a little embarrassing to say the least. More and more Institutional money is buying BTC and putting 1-2% of their funds whether stock or bond funds will become the norm a little like Emerging Markets exposure has become the norm for global funds seeking excess returns. There may come a point when BTC threatens the USD at which time capital controls may hit BTC in some way but until then we have 6-8 years of the bear performing asset class. When it trades over £1m then Rick can buy some cheap out the money puts at 500k to back his view. Lastly Tech valuations are stretched but NVDA , AMD, DELL, AOSL, Palantir etc still have massive upside as they can charge what they like for their products. The demand is so high. As for TSLA I think it will prove to be a screaming buy over the next ten years as self driving taxis mean you can rent your TSLA out all day whilst you are at work. Add on the battery technology and data gathered there is significant value there.