Rick Ackerman
Rick Ackerman Articles
The Fed’s main job supposedly is to manage our expectations, but have Powell & Co. painted themselves into a corner? At the moment, it would appear that investors have no clue what to expect.
For nearly a year, I’ve promoted the idea that the post-covid bull rampage would end when Microsoft shares hit $430. They effectively achieved that benchmark on Friday with a pre-dawn print at 428.95 that gave way to a $16 plunge.
The endgame inched closer to singularity last week with rigged rallies in stocks that had rightfully been given up for dead. There was the more than doubling in the price of Beyond Meat, for example. Until last week, shares of the veggie...
So much for the wall of worry! Optimists and visionaries supposedly climb it while ignoring troublesome signs that leave most investors on the sidelines, paralyzed with fear.
“It’s not enough to be against globalism or the WEF, we have to also be for something better.” — Tom Luongo, Gold, Goats ‘n Guns
However high stocks climb, there will always be an earnest, bespectacled egghead on Wall Street ready to tell us why shares are likely to keep on rising. Here’s Yung-Yu Ma, chief Investment officer for a firm called BMO Wealth Management...
Here are a couple of headlines concerning the economy that appeared atop Bloomberg’s front page on the same day last week. Taken together, they could make one’s head spin.
Although gold appears to have broken out of a triple top and recently hit fresh all-time highs at $2152, the gold miners are trading at the same prices they were 20 years ago. I believe this strange disconnect is going to change this year...
When forecasting stock prices, it helps to view the market as a crazed creature driven by fear, greed, and most of all, stupidity. Of course, everyone but the “theme”-obsessed chimpanzees who purport to manage your money understands that...
Reader Scott Baker took issue last week with my unsettling prediction of a deflationary bust. The mountain of debts that I believe will cause this is really no big deal, says Baker. He quotes economist Michael Hudson to back him up: “Debts...
