Rick Ackerman
Articles by Rick Ackerman
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...
Flush with stimulus, the states are in a spending mood that can be summed up in a single word: TOGA!!!!! Take Oklahoma. Their latest budget reflects an annual increase of nearly 18%, according to report from the Associated...
If we'd known the pandemic would trigger the most reckless monetary blowout in history, could anyone have imagined that the U.S. dollar a year later would have fallen by just 14%? That doesn't even qualify as a bear market, just a middling...
Investors who feared muni-bond defaults when the pandemic first hit created unusual opportunity for those willing to buck the tide. One of the winners was Doug Behnfield, a Boulder-based financial adviser at Morgan Stanley whose ideas have...
With home prices pumped to record levels, we are hearing more and more about Uncle Sam's plan to avoid sticking it to taxpayers when the next crash hits. Although it's always wise to have a plan to deal with catastrophe, especially one...
We went out on a limb here last week with speculation that, just maybe, the bull market was topping. Alas, Friday ended with a short-covering orgy that bloodied bears and left the boldest of them festooned on the ropes. My hunch had been...
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