Rick Ackerman
Articles by Rick Ackerman
Bitcoin mania looks likely to blow itself out at somewhat higher levels. The bitcoin ETF chart above suggests buyers will encounter significant resistance at 64.95, a Hidden Pivot target that lies 5% above Friday’s closing price. If this...
AI hubris has become America’s chief source of good news. Over the past year, artificial intelligence surpassed bitcoin as mankind’s most easily imaginable pathway to quick riches, shortened work weeks, ingenious solutions to every problem...
[This week’s commentary was written by David J. Isham a longtime subscriber to Rick’s Picks. A real estate investor and trader, David lives with his family in Marin County.]For Americans eager to embrace socialism, China’s...
Economics, the "dismal science," has taken quite a beating in the current election cycle. Last week, Joy Reid, MSNBC’s rising-star bimbo, tried to convince viewers that the word "inflation" has no meaning outside the academy and the...
[Louis Piro, my barber when I lived in Mountain View CA shortly before Google arrived, became a multimillionaire with a simple investment strategy. I thought of him the other day when a Rick's Picks subscriber wondered aloud in...
The way stocks plummeted on Friday, one could almost believe that Fed blatherer-in-chief Jerome Powell made it happen. We know better; for in fact, the selloff was caused by mysterious cyclical forces that were set in motion billions...
[The following went out last month to clients of my friend Doug Behnfield, a wealth management advisor and senior vice president at Morgan Stanley in Boulder CO. Like your editor, he is skeptical that consumer inflation can...
Bullish seasonality was at gale force last week, but just look at the tired chart! Is this the best that Wall Street's quasi-criminal masterminds can do? Have the evil wizards grown so despairing that they can't even trigger off a 100-...
As if the thimble-riggers at the Fed didn't have enough to worry about, the dollar turned rabid last week, threatening to transform America's still-undeclared recession into a downturn for the history books. The greenback's rally pushed...
The same geniuses who recently handicapped a recession that likely began several months ago as a 20% possibility are now reassuring us that the bear market has already run its course. If so, it would be the mildest, shortest bear market in...
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