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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.

Rick's Picks - The news media have gone off the deep end once again with their tone-deaf misjudgment of America’s mood prior to a national election. Tune to MSNBC or CNN and you might think we are all clamoring to see the Central American ‘caravan’ double in size every few days until it reaches the Rio Grande; to […]

Rick's Picks - Existing-home sales continue to fall, increasing the odds that the aging stock-market bull has finally breathed its last. If so, the selloffs we’ve seen on Wall Street over the last few weeks have not been merely corrective, but the beginning of a bear market that promises to be as nasty as the bull has been […]

Rick's Picks - Stocks fell hard Thursday, supposedly because of  growing US-Saudi tensions over the gruesome murder of  Jamal Khashoggi, a journalist who has been tough on the monarchy and easy on the Muslim Brotherhood. If such tensions did in fact push stocks lower, as a headline in the Wall Street Journal tried to suggest, then why didn’t oil prices […]

Rick's Picks - The spectacular orgy of greed surrounding Uber’s impending IPO shows how out-of-whack valuations have gotten. Wall Street thinks the ride-hailing company could fetch as much as $120 billion when it is retailed to the rubes early next year. That’s nearly double the valuation of Uber’s last fundraising round just two months ago, according to the Wall […] Radio - Uber, Facebook, Apple, Netflix

Rick's Picks - The burlesque over Sen. Elizabeth’s Warren’s supposed Cherokee ancestry is helping Republicans build a head of steam ahead of the November elections. On the increasingly indefensible side of the political divide are those who evidently believe that a slapdash DNA test showing Warren has perhaps 1/1064th Indian blood “proves” she is a Native American. Believers […]

Rick's Picks - Last week’s avalanche on Wall Street provided some opportunities for Rick’s Picks subscribers to make easy profits, always with risk tightly under control. Although there was fear in the headlines, the 24/7 chat room was cool, calm and even jocular at times.  Click here to join in the fun for two free weeks. One reason some subscribers were feeling […]

Rick's Picks - Trump’s wholehearted embrace of rapper Kanye West is one of the smartest political moves he has ever made. West is a hugely important defector from the leftist stronghold of showbiz. CNN, CNBC et al. are dissing him with all of the nastiness they can summon,  but only because they know how much influence he wields over tens […]

Rick's Picks - Trump says behind-the-scenes efforts to entice North Korea into the community of nations have shown slow but steady progress. He allows that his personal relationship with Kim Jong Un has warmed, and that with the right incentives the dictator could conceivably come around.  This would be a tremendous coup for the President — an accomplishment […]

Rick's Picks - Before Saturday’s confirmation vote, I’d raised concerns here that a rejection of Kavanaugh might unsettle the nation politically and economically, ultimately reversing Trump’s undeniably positive effect on the economy and the stock market. With Kavanaugh confirmed, perhaps it’s time to flip the argument around with the observation that things looks just a little too rosy […]

Rick's Picks - With the Dow down 357 points late in the session, bears couldn’t finish the job.  Unwilling to trust their good fortune, they scrambled to cover short positions in the final two hours, helping DaBoyz recoup more than 40% of the ground they’d lost earlier in the day. This was the second straight day of weakness, […]

Rick's Picks - Yields on Treasury debt took a big leap on Wednesday toward some longstanding targets (see TYX and TNX touts below), adding yet another dark cloud to the Fed’s preternaturally sunny picture. The central bank’s narrative is that the economy is strong enough to weather more rate hikes, but the banksters seem not to realize that […] Radio - No sign US Tariffs are having desired affect on China

Rick's Picks - I’d expected the looming decision concerning Kavanaugh’s Supreme Court appointment to weigh on stocks in the days ahead, but Wall Street evidently couldn’t care less. The Dow was up nearly 200 points, taking its inspiration from headlines concerning Tesla (Musk has been ousted as CEO by regulators but will continue to run the company);  GE […]

Rick's Picks - So much is riding on the outcome of this week’s FBI investigation that stocks are likely to remain unusually subdued until Kavanaugh’s appointment is decided. If the Senate does not confirm him for a seat on the Supreme Court, this could brew a perfect storm for investors in October that would feature the following: 1) […]

Rick's Picks - Sen. Lindsey Graham stole the show Thursday with a scathing indictment of his Democrat colleagues that succinctly stated the issue that will determine the outcome of November’s Congressional elections. “I hope the American people can see through this sham!” an impassioned Graham declared to a vast TV audience. Many if not most Americans will have […]

September 26th, 2018 | A Nation Transfixed

Rick's Picks - If the Kavanaugh hearings are held Thursday morning as scheduled, expect the markets to be relatively subdued, since the nation, even Wall Street, will be transfixed by the proceedings. No one except perhaps Dianne Feinstein would have predicted just a few weeks ago that the hearings would turn as crazy as they have. Brett Kavanaugh […]

Rick's Picks - Can a Pulitzer prize be rescinded? Journalism has disgraced itself beyond redemption, shamelessly complicit in an increasingly bizarre smear campaign against Supreme Court nominee Brett Kavanaugh. On Monday, a second accuser surfaced in a fact-free hit-piece by New Yorker magazine’s erstwhile Pulitzer winner Ronan Farrow and Jane Mayer. One Deborah Ramirez claimed in the article that at […]

Rick's Picks - My two top bull market bellwethers, AAPL and AMZN, turned lower last week without having achieved their respective Hidden Pivot rally targets. (See the related ‘touts’ below for technical details.) The targets were moderately important ones based on bullish patterns begun more than a month ago. Although the targets remain viable, the corrective moves are […] Radio - Little rational thought behind Bull Market

Rick's Picks - Volatility has taken a pounding this week and looks poised to head even lower. That implies that the nearly relentless rally of the broad averages is likely to continue at least for a little while before buyers take a breather. The good news, if you believe stocks need a reality check now and then, is […]

Rick's Picks - The stock market proved once again that it is not so much cool, calm and collected as it is, out of its frigging mind, tacking on yet more price gains in the face of mounting crises on two fronts. The tariff war with China has escalated to the point where its effects have surpassed those […]

Rick's Picks - It is an extemely delicate moment for America as it tries to reckon with the scary excesses of feminism’s #MeToo phase coupled with the growing political hatred between red- and blue-state voters. Half the country is at war with the other, and it seems increasingly likely the battle is going to turn bloody at some […]

Rick's Picks - So much for summer doldrums. The broad averages have tacked on nearly 10 percent since June, with no hint that the torrid pace will cool with the official start of autumn later in the week. But isn’t that always the case before a new market paradigm surfaces, often with the subtlety of electroshock therapy?  Indeed, […]

September 14th, 2018 | Friday Deceptions

Rick's Picks - A mixed opening this morning seems to be struggling for loft. Although Friday ‘jackpot’ bets have found little success in the first hour, put options could turn out to be late bloomers.  Out-of-the-money calls in VXX are a good way to straddle the bet, especially because this vehicle has bounced today from a moderately attractive […]
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