Rick Ackerman

Rick Ackerman Articles

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...
While accounting wizardry may have helped to obscure a vast multitude of corporate sins and weaknesses during the 1990s bull market, the smokescreen is growing patchier each day as a burgeoning list of formerly high-flying stocks flirt...
The stock market is headed moderately lower this summer, but you can expect the worst of it to occur by no later than August. I am projecting a 10 percent drop in the Dow Industrials over that time and a 12 percent decline in the S&P...
The relentless erosion of Europe's new currency is deeply troubling -- the more so because no one seems to understand what is causing the decline, much less why it is all but guaranteed to continue until the euro goes bust. A bottomless...
Crude oil prices climbed the Matterhorn recently -- first with a spike to $25 in late September, then with a precipitous drop to around $20 two weeks later. Even so, the mood in the energy patch remains as upbeat as it has been in years,...
My most recent jeremiad in this space drew such a savage response from some quarters that I am obliged to consider the bullish case, which may be firming, at least for the near-term. "With all due respect," wrote one Examiner reader...
Cisco Systems is one of the world's most successful companies. You may not own it, and I don't suggest you buy it. But you should know what is happening to this company if you really want to understand what the market has in store. Cisco's...
It is only on days like Friday that I can stomach a few minutes’ worth of the drivel that passes for market wisdom on CNBC. Still, during the short span that I tuned to the show, I did pick up one interesting statistic concerning margin...
HERE'S THE standard put-down of gurus who have been saying for years that the bull market is about to end: Even a broken clock is right two times a day. Just so: If the hands of a clock are frozen, it will still show the correct time...
Last week's running of the bulls on Wall Street brought a slew of letters, a few from Examiner readers eager to rub my nose in it. I respond to their questions and gibes below, as well as to queries from those who have found my oft-dour...

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