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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 -   Friday felt like a Pearl Harbor attack on Wall Street. Since when did a Thanksgiving Friday fill investors with dread and fear? The day was supposed to have passed quietly, with second-string prop desks locked on a glide path toward what remained of the four-day holiday. Instead, the Dow plunged by 900 points, closing […]

HoweStreet.com Radio - Supply chain problems could last decades

Rick's Picks -   Did you notice last week’s tone change? The whole, eternally benighted world of pundits, economists, Bloomberg news producers, forecasters et al. has been disbelieving the bond rally as the Fed’s ultimately unredeemable portfolio of Treasury debt has grown from merely massive to intergalactic in size. Now the talking heads are having to change their […]

Rick's Picks -   John Doerr, the venture capital zillionaire, thinks America should go all-in on measures to control the weather. Although Doerr fears it may be too late to save Earth and its inhabitants from the ravages of global warming, he says a massive investment program would still be better than doing nothing. His role model is […]

Rick's Picks -   So much for seasonality. Bears were counting on the cyclical fury of autumn to rebuke revelers, but instead it is they who got rebuked, and badly. The stock market’s strong rally during the traditionally difficult month of October has left many wondering what it will take to pop the bubble. It is almost invariably […]

HoweStreet.com Radio - How to protect yourself from a market crash

Rick's Picks - The performance of Apple shares has been a reliable harbinger of where greed and hubris would take this seemingly invincible bull market next. Apple is the biggest-cap stock of them all, worth $2.5 trillion, and it has increasingly become a sure thing for institutional investors since bottoming a generation ago below $5. With its broad […]

Rick's Picks - Inflation fears are at a generational peak, pushing our stubbornly unfearful Fed chairman against a wall. He may yet prove right in saying inflation will be transitory, but for reasons that should comfort no one. In the meantime, the U.S. dollar seems resistant to the nervous chatter while Treasury bonds, although struggling for altitude, continue […]

HoweStreet.com Radio - Just how long will product shortages last?

October 11th, 2021 | Has the Fat Lady Sung?

Rick's Picks - If I had to pick one chart that shows why the bull market is probably not over, it would be the one above. To be sure, the 157.26 peak recorded by Apple shares a month ago was a great place for an important top to have occurred; this chart shows why. But THE top? I have my […]

Rick's Picks - The chart above shows how bull-market tops are made when nearly everyone is expecting one. That’s the case now — for so many good reasons that I won’t bore you with a checklist. Just take my word for it: the bull is dying. Most of the reasons the pundits are giving would have us believe […]

HoweStreet.com Radio - Evergrande crisis could be a deliberate move by China

Rick's Picks - [Recently I wrote here that the world’s biggest financial institutions are in Evergrande muck up to their eyeballs, even if they claim that their exposure is small in relation to their respective assets. The trouble is, the supposed assets are as ethereal as Evergrande’s grotesquely inflated real estate holdings. In the guest commentary below, Shawn […]

Rick's Picks -   Bears had a rare chance to get short with impunity last week — arguably the first such free-money opportunity since the bull market began more than 12 years ago. With the Evergrande saga unfolding in real time, shares appeared to be doing a Wile E. Coyote ahead of Friday’s opening. Their gravity-defying behavior reflected […]

HoweStreet.com Radio - Gold, Silver, Small Business

HoweStreet.com Radio - Supply shortages plague world economy

Rick's Picks - Jackson Hole hubris was operating at full strength last week as investors around the world anxiously awaited the announcement on Friday that would send the markets into hyperdrive. The broad averages had in fact churned impassively for several days ahead of whatever lame twaddle concerning The Tapeworm lay in store. The question of when the […]

August 22nd, 2021 | From Doug Behnfield…

Rick's Picks - [Editor’s note: The following was sent out to clients in mid-July by my friend Doug Behnfield, a financial advisor and senior vice president at Morgan Stanley Wealth Management in Boulder, CO.  Long-time followers of Rick’s Picks will be familiar with Doug’s work, since his thoughts have appeared here many times. I have always referred to him not […]

HoweStreet.com Radio - Derivatives could lose quadrillions if markets dive

Rick's Picks - There is increasing confusion in America about how to handle the rapid spread of Covid’s delta variant. The stock market can usually tell us how much fear is out there, but this time Wall Street seems, if not quite clueless, then certainly heedless. The broad averages have moved steadily higher in recent weeks, caused more […]

Rick's Picks -   Bloomberg missed the real news in its flippant headline, “Return to the Office Five Days a Week? How About Never Again”. The article was just family-page pap about how work-from-home employees aren’t complaining about the indefinite postponement of a back-to-the-office mandate. With the delta variant on a headline rampage, exile in suburbia seems to […]

HoweStreet.com Radio - Does China’s crack down on certain industries make sense?

Rick's Picks -   If you’re worried that interest rates are about to explode because of inflation, the graph above would seem to offer comfort. From a visual standpoint, the gentle rollover that has occurred over the last several months has sapped the vigor from a menacing spike that had pushed yields on the 10-Year Note from 0.40% […]

Rick's Picks -   My friend Greg Hunter at USA Watchdog weighed in recently with such a despairing outlook for the dollar that it’s probably a good time to determine whether the charts support this view. Here’s the post from his site, which over the years has featured my own thoughts on deflation, the global economy and other topics: The […]

HoweStreet.com Radio - Debate still on about inflation vs deflation
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