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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 - Bitcoin mania hit an air pocket on Sunday with a so-far $11,500 plunge from last week’s record-high $64,858. Groping for an explanation, Bloomberg and other mainstream sources attributed the drop to speculation that the U.S. Treasury might crack down on digital-money laundering. Yeah, sure. This tired story has been marking time for a decade, ever […]

Rick's Picks - The inflation trade is struggling for loft, a potential victim of its own, wild popularity. “We don’t have strong reflation-trade momentum at the moment because people are waiting for more data,” said Daniel Tenengauzer, markets strategy chief at Bank of New York Mellon. By his logic, all that it would take to stoke inflation would […]

HoweStreet.com Radio - Gold your friend if hedge funds get wiped out

Rick's Picks - Biden’s $2.2 trillion ‘infrastructure’ plan is quite ambitious as far as Government boondoggles go. But what if it’s just the Democrats’ opening bid? “We can do $10 trillion!” exhorted Alexandria Octavio-Cortez in a remark that is unlikely to be challenged by fellow Democrats or the New York Times.  Even $10 trillion would be chump change, however, […]

Rick's Picks - The technological wizardry that has given us smart phones, desktop computers, electric cars and flat-screen TVs has masked a pernicious decline in America’s standard of living since the 1950s. One area where this is painfully obvious is the deterioration of customer service. Recall the scene in Back to the Future when a car pulls into a filling […]

HoweStreet.com Radio - Would one year income tax holiday cure recession? Watch Rick’s Deflation Crisis Webinar.

Rick's Picks - I’ve avoided the pandemic, politics and economic doomsday as topics recently because there’s only so much one can say about them. This is especially true of the coming bear market.  Coming exactly when, you might ask? Of course, even the very best of us gurus is unlikely to produce the correct answer, other than in […]

March 14th, 2021 | Making Up for Lost Time

Rick's Picks - The rabid mania that has seized the world of investables has gotten so much ink lately that I thought I’d explore an equally curious phenomenon with a far greater impact on our daily lives. Have you noticed how time seems to have taken wing during the pandemic?  One Friday follows the last so quickly that, […]

HoweStreet.com Radio - What is Powering the Dow Higher? Sign up for Rick’s Deflation Crisis Webinar.

Rick's Picks -   No one said it would be easy to get short at the top. This bull market is proving especially challenging to fade because the herd knows how grotesquely overvalued stocks are. With so many traders eager to bet the ‘don’t’ line, the broad averages have started to behave like El Diablo (see photo above). […]

Rick's Picks - The global credit-blowout has stoked fears of a money-printing catastrophe like the one that wrecked Germany’s economy a hundred years ago, planting the seeds of World War II.  However, even a cursory look at the Weimar hyperinflation of 1921-23 reveals why it is extremely unlikely to happen again, especially on a global scale.  It was […]

Rick's Picks - They don’t ring a bell at the top of bull markets, as the saying goes, but perhaps this time it will be different.  Indeed, everysentient guru and talking head who is not shilling for Wall Street is properly bearish, and even the chimpanzees who make their living rotating Other People’s Money into flavor-of-the-month investment themes […]

February 23rd, 2021 | Bitcoin vs. Gold and Silver

HoweStreet.com Radio - Are Stock Markets ready to top out?

Rick's Picks -   [Dear readers, I am taking a desperately needed break from telling you why a stock market crash is long overdue, and why Biden & Friends are finally going to make it happen.  Full disclosure: I have not read a newspaper or watched the news since November. RA ] We’ve all grown so weary of spam callers […]

Rick's Picks -     Been vaccinated yet?  I haven’t, although I’m trying not to give friends the impression that I’m making some sort of political statement. That means not emailing them links to every vaccine horror story that surfaces, or to growing evidence that the vaccine may not be all that it’s cracked up to be.  That […]

HoweStreet.com Radio - Bitcoin Siphoning Money Away From Everything Else

February 7th, 2021 | Tuning Out the News

Rick's Picks -   This is a perfect time to catch up on the best of television, since so many of us are watching more of it these days, particularly on Saturday nights. I’ve been assiduously avoiding  all news for the last month or so and am faintly aware of the impeachment proceedings and Biden’s energy pipeline kill-shot […]

Rick's Picks -   The news media went all-in over the weekend trying to explain the significance of the Gamestop saga, but because few traders were asked about it, there was little in this torrent of analysis to enlighten. Most of the reporters, talking heads and pundits focused on the obvious, sensationalizing a story about how the little […]

Rick's Picks -   A little more than two decades ago, amidst the wild excesses of the dot-com boom, I wrote what turned out to be an epitaph for those heady times in the The San Francisco Examiner. It bore the headline Monsters from the Id Threaten the System, a metaphorical nightmare that I’ll explain shortly. Then as now, vast […]

Rick's Picks - Those who write about such things have attributed virtually every stock-market rally since March 23 to ‘vaccine hopes’.  They have overworked and over-hyped this phrase with no sense of irony or awareness; for it is not so much ‘hope’ that has powered stocks to insane levels, but stimulus steroids pumped into a beast that was […]

Rick's Picks -   Stocks have turned timid, although it remains to be seen whether the moderate selling that ended the week will gain momentum as Biden’s inauguration approaches.  Regardless, the smell of distribution is in the air, and it is not subtle.  As the tempo of it picks up, expect DaBoyz to work overtime trying to convince […]

Rick's Picks -   With gold’s gratuitous, 4% plunge on Friday, bullion has once again affirmed its reputation as one of the nastiest, most frustrating assets an investor can own. Its chief enemy is a global network of shamans, thimble-riggers and feather merchants who make their living borrowing bullion from the central banks for practically nothing, then lending […]

Rick's Picks -   [Note: This essay ran earlier in the week but I am re-running it because Copper broke out today on the long-term chart, hitting a so-far high of $3.71. RA]  Copper prices are up 75% since cratering in March at $1.97 a pound. Since ‘doctor’ copper, with a supposed PhD. in economics, has a reputation […]

Rick's Picks - Interesting times, for sure, but apparently not quite interesting enough to dampen the ardor of wildly exuberant buyers on Wall Street.  With patriots storming the doors of the Capitol and a reported shooting inside the building, the Dow Industrials still managed to finish the day with an immoderate gain of 438 points. Do the institutional […]

HoweStreet.com Radio - Gold, Inflation, Robinhooders
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