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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 - If you can keep a cool head while everyone around you is panicking, perhaps you don’t understand the situation. That’s what they say, anyway. It is exactly what we saw last week when stocks barely shrugged even as the shooting war in the Middle East took another baby step toward nuclear conflagration. The oil markets […]

September 29th, 2024 | Levitating Kamala

Rick's Picks - Expect stocks to continue their heedless waft into outer space until the election. They would not likely do so if investors even remotely imagined Kamala Harris might win. James Kunstler provided the most succinct reason we’ve heard for why this is not going to happen:  “The people in this land are finally sick of a […]

September 22nd, 2024 | Sell the News

Rick's Picks - The stock market went bonkers following the Fed’s first rate-cut since March 2020, but it’s more than a little tempting to sell the news. A return to easing had been rumored for the last couple of years, but with a pitchfork mob threatening to descend on the Eccles Building, Fed Chairman Powell finally gave in […]

HoweStreet.com Radio - Does Gold still have room to go higher?

Rick's Picks - The so-called ‘wealth effect’ is the Tulipmania of this era on steroids, creating untold sums of money from speculative spume. If materializing vast quantities of spendable cash is the goal, a revved-up wealth effect makes the Fed Open Market Committee look like a ladies’ luncheon club. Indeed, it can take long months or even years […]

Rick's Picks - I continue to believe the bull market’s fate can be divined simply by paying close attention to price action in Microsoft shares. The company is not only the second-largest in the world by capitalization, slightly behind Apple; it is also the most important. That’s because its huge stream of revenues is all but impervious to […]

HoweStreet.com Radio - Was Post-Labour Day Market Dip Predictable?

HoweStreet.com Radio - Crude not reacting to world Geo-political events

August 18th, 2024 | Time for a Holiday…

Rick's Picks - [I’m taking a summer break, so this will be my last commentary until after Labor Day. It will be the usual busman’s holiday for me, however, and actionable ‘touts’ for popular symbols will be updated ‘round-the-clock as always. Some recommendations will be accessible to non-paying subscribers, so be sure to check the home page regularly, especially if […]

HoweStreet.com Radio - Interest rate cuts will be too late to prevent recession.  Special Offer!

August 4th, 2024 | Time for a Holiday…

Rick's Picks - [I’m taking a summer break, so this will be my last commentary until after Labor Day. It will be the usual busman’s holiday, however, and actionable ‘touts’ for popular symbols will be updated ‘round-the-clock as always. Some recommendations will be accessible to non-paying subscribers, so be sure to check the home page regularly, especially if stocks go […]

July 28th, 2024 | Time for a Holiday…

Rick's Picks - [I’m taking a summer break, so this will be my last commentary until after Labor Day. It will be the usual busman’s holiday, however, and actionable ‘touts’ for popular symbols will be updated ‘round-the-clock as always. Some recommendations will be accessible to non-paying subscribers, so be sure to check the home page regularly, especially if stocks go […]

HoweStreet.com Radio - Crude’s expected break out peters out

Rick's Picks - Bears shouldn’t get their hopes too high just because the S&P 500 plummeted for three straight days last week. The selloff seemed tightly scripted, given that the Dow Industrials were rising just as sharply at least part of that time. This is shown in the chart above, which captures price action on Thursday. The implication […]

Rick's Picks - The dog days of summer have returned with a vengeance to Florida this year, especially in my home. The air conditioner’s condenser coil sprang a leak, which is hardly unusual considering that it’s eight years old. What is unusual, and causing more than a little inconvenience, is that the broken part will take a month […]

HoweStreet.com Radio - Will AI make you more productive or just take your job?

Rick's Picks - The dog days of summer have returned with a vengeance to Florida this year, especially in my home. The air conditioner’s condenser coil sprang a leak, which is hardly unusual considering that it’s eight years old. What is unusual, and causing more than a little inconvenience, is that the broken part will take a month […]

Rick's Picks - Of all the markets tracked by Rick’s Picks, the dollar arguably has been the most interesting. This might seem paradoxical, given the relatively placid look of the Dollar Index chart above. Although there has been moderate turbulence since early last year, the overall impression is of a transoceanic flight cruising within a vertical range of several […]

HoweStreet.com Radio - Should tariffs replace income taxes? Special Free Trial Offer!

Rick's Picks - The disconnect between tight Fed policy and a U.S. economy on the brink of recession is growing more unsettling every day. A key question is which economy we are talking about, since there are two distinctly different ones that Fed actions can affect. The first is the economy of consumer goods and services. It is […]

Rick's Picks - Last week’s rabid short-squeeze punctured bull-market targets I’ve been drum-rolling for months in Microsoft, Apple and QQQ. Moreover, the bullish look of the S&P 500 chart shown above is so clear and compelling that even the most stubborn permabears will need to make room for more upside to at least 6118, a nearly 13% rally […]

HoweStreet.com Radio - AI reliability questionable

June 9th, 2024 | Soft Landing Fantasies

Rick's Picks - Those who think the wizards at the Fed have engineered a soft landing for the grotesquely pumped U.S. economy are in for a rude awakening. Strip out the “wealth effect” from mega-cap stocks driven mostly by hot air and short covering, and the economy is already in recessionary muck. Although yacht sales reportedly are still […]

Rick's Picks - Speaking of my fellow gurus, our switchboards have lit up to warn that something big is looming.  Even the oddballs who think stocks are headed much higher seem to agree that a punitive correction is long overdue. And although each of us would like to believe that the arrival time of whatever dreadnought is coming […]

HoweStreet.com Radio - Which stock is the bell-weather for the markets?
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