Rick Ackerman

Articles by Rick Ackerman

Friday felt like a Pearl Harbor attack on Wall Street. Since when did a Thanksgiving Friday fill investors with dread and fear? The day was supposed to have passed quietly, with second-string prop desks locked on a glide path toward what...
Did you notice last week's tone change? The whole, eternally benighted world of pundits, economists, Bloomberg news producers, forecasters et al. had been disbelieving the bond rally as the Fed's ultimately unredeemable portfolio of...
John Doerr, the venture capital zillionaire, thinks America should go all-in on measures to control the weather. Although Doerr fears it may be too late to save Earth and its inhabitants from the ravages of global warming, he says a...
Who could have predicted that a microchip shortage would threaten to seriously impair the global auto industry? And yet, here we are: assembly plants are unable to ship enough cars to dealers to meet demand, and buyers are facing six-month...
So much for seasonality. Permabears were counting on the cyclical fury of autumn to rebuke revelers, but instead it is they who got rebuked, and badly. The stock market's strong rally during the traditionally difficult month of October has...
The performance of Apple shares has been a reliable harbinger of where greed and hubris would take this seemingly invincible bull market next. Apple is the biggest-cap stock of them all, worth $2.5 trillion, and it has increasingly become...
If I had to pick one chart that shows why the bull market is probably not over, it would be the one above. To be sure, the 157.26 peak recorded by Apple shares a month ago was a great place for an important top to have occurred; this...
The chart above shows how bull-market tops are made when nearly everyone is expecting one. That's the case now -- for so many good reasons that I won't bore you with a checklist. Just take my word for it: the bull is dying. Most of the...
[Recently I wrote here that the world's biggest financial institutions are in Evergrande muck up to their eyeballs, even if they claim that their exposure is small in relation to their respective assets. The trouble is, the supposed assets...
There is increasing confusion in America about how to handle the rapid spread of Covid’s delta variant. The stock market can usually tell us how much fear is out there, but this time Wall Street seems, if not quite clueless, then certainly...

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