Although we used to feature edgy market commentaries in this space, the time and effort spent crafting them is now devoted to making the Rick’s Picks Trading Room an absolutely unbeatable source of timely, profitable ideas for novices and professionals. I must also confess that your editor was deeply tired of having to write regularly about a stock market energized by clueless money managers whose only “skill” is recklessly throwing Other People’s Money at some moronic investment-theme-of-the-week. Truth to tell, having to take the stock market seriously every week wore me down. You know it and I know it: It’s just an epic con-job, created to enable The Elect to make vast sums of money without having to lift a finger or get their hands dirty.
You should make a habit of checking here weekly, since I will continue to post links to my latest interviews and to offer visual enticements designed to entertain, enlighten and even warn you. Much of it will come from YouTube, since their video catalog is vast and endlessly fascinating. Submissions, including home videos, are welcome and should be sent to this address.
To view this week’s electrifying offering, click here for what I consider to be the high point of the 1960s rock era. This is Santana’s rendition of Soul Sacrifice, and it features a drum solo by 20-year-old Michael Shrieve that may remind you of the Buddy Rich clip on display here a few weeks ago. I wasn’t at this Tanglewood show in 1970, but I saw Santana perform Soul Sacrifice later that summer at the Holland Pop Festival. It was one of the most exciting live performances I’ve ever witnessed, and although there was no extended drum solo, Gregg Rolie’s soaring, percussive keyboard solo drives the beat so ferociously that it has become iconic among rock fans.
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The analytical ‘touts’ listed below, overhauled each Sunday and updated 24/7 during the week, will continue as always, as will their barbed emphasis on the striking similarities between Wall Street and a sleazy carnival midway. The ridiculous accuracy of our trend calls and price targets is well known and a matter of daily record, but it must be observed up-close, and leveraged with actual trades, to be believed. On a recent Friday, for instance, we recommended buying QQQ 720 put options that were trading at the time for 1.67 if and when they came down 0.27. They did, bottoming at 0.25 exactly on schedule before rocketing to $3.55 in under 30 minutes, and then to 5.05 shortly thereafter. Just four options purchased initially at the recommended price for a total of $108 could have been cashed out an hour later for a little for than $2000. And there was more. Separately, December Wheat took a powerful leap precisely to a $7.83-per-bushel target that we’d “guaranteed” would be reached the day before.
You can get in on the action by clicking here for a free trial (and no credit card is necessary). It will give you instant access to one of the best chat rooms in the trading world and other amenities on the site. Then click here for my most recent interview with Howe Street’s Jim Goddard on This Week in Money. We talk about the coming collapse of the AI bubble, and how stocks are currently being distributed ahead of a bear market that will begin with the MAGA era’s Waterloo in November.