Rick Ackerman

Rick Ackerman Articles

These are surely giddy times for bears. And why not? For most of them the summer's stock market crash came on with a warning that had all the subtlety of a brass band parading down Main Street. For technical analysts in particular the...
I was preparing a column about CNBC last week when the following message arrived via e-mail from my friend and colleague, Michael Belkin: "Belkin on CNBC Bubblevision? Today at 3:40 EST? How'd that happen?" How, indeed?
Exactly sixteen years ago, with the Dow Industrial Average wallowing in the doldrums near 800, Elliott Wave theorist Robert S. Prechter tweaked Wall Street's imagination with his prediction that the most spectacular bull market in history...
A house that would barely qualify as a tool shed in some neighborhoods recently sold for $472,000 in Palo Alto. On the same day, shares of a well-known company listed on the New York Stock Exchange changed hands for 340 times trailing 12-...
The preternatural strength of U.S. stocks these days comes down to one disquieting fact: most investors don't know what else to do with their surplus cash. The ones I've talked with concede that shares are very pricey now and probably...
As the threat of a global computer meltdown in the new millennium bears down on us, one should expect to see growing signs of nervousness in corporate board rooms and on Wall Street. Yet in both places, optimism and cool confidence...
I have greatly enjoyed hearing from readers, especially the combative ones who have argued, in effect, that this bull market will continue forever. Herewith, a response to some of your comments and queries. You predicted the Dow...
When a bull market takes leave of its senses as this one surely has, what's an investor to do? If you're planning to cash out near the top, there's just one answer: toss prudence overboard. Put it in a burlap bag with a cinder block,...
Who'd have guessed that rumors of adultery in the White House would be bullish for stocks? Or so it would seem. The Dow Industrials have gained more than 150 points since January 17, when reports of an affair between Bill Clinton and 21-...
Business couldn't be better, consumers are as confident as they've been inyears, the dollar is king and interest rates are bouncing near multi-year lows. Not much for U.S. investors to worry about, right? Think again. That strong dollar...

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One cubic foot of gold weighs more than half a ton (1,306 pounds).