Rick Ackerman
Rick Ackerman Articles
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...
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,...
