Rick Ackerman
Rick Ackerman Articles
The stock market has looked positively serene recently -- but so, too, at times did Hollywood's patron saint of schizophrenia, Norman Bates. Now that investors have gotten what they wished for in the form of an irrationally lugubrious...
The one word that I have assiduously avoided using in my daily newsletter, Black Box Forecasts is "hope." When we hold a stock, futures or options position that is going against us, I might say that it will take some luck to get us out of...
No question, yesterday's broad decline was a mean body blow to millions of investors. However, the suspicion lingers that it failed to deliver the haymaker that alone can check Wall Street's potentially tragically misplaced faith in Fed...
What is the sensible contrarian to do? A tough question, to be sure. Unfortunately, there is no intellectualizing the contrarian point of view, since it's an instinct that comes right from the gut. Real contrarians do not try to second-...
Sometimes we should cast aside our charts and listen closely to what Wall Street is saying. Then leap to do the opposite. Yesterday, for instance, there came such a potential telltale from The Street, Circe-like, in the form of a stunning...
Investors should never bet against the Fed, of course, but this time it's mighty tempting.
Until last week, the Fed's great and remarkable contribution to America's prosperity lay in the ability of its chairman, Alan Greenspan, to charm...
To: Al Gore
From: Bob Rubin
Subject: For your consideration
Dear Al,
The strain of the last two weeks has exhausted you, I am sure. But at the risk of adding to the load, I want to broach some troubling thoughts of mine concerning the...
It could take years to reach a consensus, but one thing investors already know for certain is that we're not in Oz any more. IPO shares are not instantly doubling in price the day they go on sale, equity averages are not rampaging to new...
During the last few years, unyielding bears have squandered much of their credibility vainly trying to explain why the finale of the most spectacular bull market in U.S. history was supposedly just around the corner.
Now comes yet another...
The late John Scarne, legendary card manipulator and gaming wizard, used to tell a story about how he and his pal, heavyweight boxer Jim Braddock, walked into a crooked card game and won a pile of money.
Knowing that they were being...
