Rick Ackerman

Rick Ackerman Articles

GENERAL COMMENTS: Monday's modest 70-point rally in the Dow was enough to tweak a bear's ugliest suspicions about the stock market's underlying health. As few observers outside of CNBC's perennial cattle drive could have failed to notice,...
GENERAL COMMENTS: Although Black Box Forecasts has perhaps been too eager in the past to sound taps for this 17-year bull market, the newsletter has scored nothing but bullseyes in predicting what the Fed would do next. Are they going to...
I made an uncharacteristically bullish prediction here six weeks ago when I wrote that the Dow Industrials would tack on 2,000 points by mid-summer if Asia's economies began to lift from their long dirge. Remarkably, the blue chip average...
CHANNEL SURFING recently, I caught Louis Rukeyser delivering one of those metaphorical gibes (for which he is deservedly beloved) to the groin of his favored patsy, Gloomy Gus. Gus was already having a pretty rough week. A pretty rough...
Just as teenagers are going to find out about sex, adults are going to find out about day trading. Say this for the kids, at least they're using condoms. It's the thrill-seeking grownups we need to worry about. Many were once content to...
Where to now? Better ask your Ouija board, since no one can predict with any certainty whether Dow 10000 will be the bull market's last hurrah or merely a fuel stop on the way to the moon. Not that the pundits and gurus lack the...
Alan Greenspan wants us to believe he's got a boring job, but I'm not buying it. The Fed chairman was on Capitol Hill last week, waxing cautiously optimistic as ever while forecasting moderate growth in the U.S. economy. Millions were...
One of the smartest businessmen I know, a highly successful wine importer, has done well in the stock market over the last five years. He has doubled or tripled his stake in a few issues, and his portfolio overall has produced a higher...
"Creative destruction" is a term economists use to describe the way in which dynamic new industries overtake then replace old industries. It is not intrinsically a benign process, and it can create wrenching social and economic...
Ask the bank, the hospital or the power company about their respective Y2K problems and each will tell you they've got the problem licked. But ask each about the others and doubts begin to thicken like tule fog.

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Minting of gold in the U.S. stopped in 1933, during the Great Depression.