Rick Ackerman

Articles by Rick Ackerman

Are rates on the Ten-Year Note finally bottoming? Quite possibly, according to technical indicators that we monitor closely. T-Notes touched a low last week of 1.47% after plummeting almost relentlessly from 3.49% last November.  GDP...
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A Pittance for Genius

The late John Scarne, one of the world great experts on gambling, once wrote a treatise explaining why you can’t win at three-card monte. That’s the game where a grifter lays...
Traders dumped stocks in the final hour on Friday, hinting that there actually is a threshold at which bad news begins to matter. For one, Black Rock, arguably the smartest money on the planet, reported a 7% drop in profits. If they can’t...
Facebook gets deservedly bad press, and yet the stock is rapidly approaching record highs. The latest headline suggests the company’s planned foray into cryptocurrencies will be stillborn. Trump’s administration has cited national security...
[The following was contributed by Mr. Farmer, a subscriber from Nairobi who is active in the Rick’s Picks chat room.] 

Of all the lies we read reported without question by the news media, one of the most egregious is...
Europe took competition to a new level last week in the global currency-devaluation olympiad. Nominating the politically-minded IMF chief Christine Lagarde rather than a blue-blooded financier to run the ECB is akin to making Trump...
Stocks remained in the grip of a low-grade euphoria Monday, lightened by what is being referred to in the news as a ‘thaw’ in trade relations between the U.S. and China. No one expected much to happen on the trade front, and nothing much...
Although there are a dozen good reasons why the bull market should flame out, like, tomorrow, there’s nothing in the long-term charts to suggest this is likely. A friend and fellow permabear sent me an Elliott Wave theorist’s prediction...
Although the S&P500 and the Dow Industrials have been in explosive rallies for the last five days, traders appear skeptical, if not to say skittish. As the take-no-prisoners short squeeze has unfolded, a widely watched ‘fear indicator...
Stocks took another bold leap Friday, heedless of payroll data that suggest U.S. employers pulled back on hiring in May across all sectors of the economy. Their clear concern is a global slowdown in China and Europe that appears to be...

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During 1500s the Spaniards had taken 16,000,000 kilograms of silver from Peru.