Uncannily Accurate Forecasts for Stocks & Commodities
Daily Commentary
Rick Ackerman’s daily market commentary — blunt, specific, and free of Wall Street spin. Browse the full archive below.
March 21, 2021
I’ve avoided the pandemic, politics and economic doomsday as topics recently because there’s only so much one can say about them. This is especially true of the coming bear market. Coming exactly when, you might ask? Of course, even the very best of us gurus is unlikely to produce the correct answer, other than in […]
Read the full commentary →March 14, 2021
The rabid mania that has seized the world of investables has gotten so much ink lately that I thought I’d explore an equally curious phenomenon with a far greater impact on our daily lives. Have you noticed how time seems to have taken wing during the pandemic? Each Friday follows the last so quickly that, […]
Read the full commentary →March 7, 2021
No one said it would be easy to get short at the top. This bull market is proving especially challenging to fade because the herd knows how grotesquely overvalued stocks are. With so many traders eager to bet the ‘don’t’ line, the broad averages have started to behave like El Diablo (see photo above). The […]
Read the full commentary →February 28, 2021
The global credit-blowout has stoked fears of a money-printing catastrophe like the one that wrecked Germany’s economy a hundred years ago, planting the seeds of World War II. However, even a cursory look at the Weimar hyperinflation of 1921-23 reveals why it is extremely unlikely to happen again, especially on a global scale. It was […]
Read the full commentary →February 25, 2021
They don’t ring a bell at the top of bull markets, as the saying goes, but perhaps this time it will be different. Indeed, every sentient guru and talking head who is not shilling for Wall Street is properly bearish, and even the chimpanzees who make their living rotating Other People’s Money into flavor-of-the-month investment […]
Read the full commentary →February 21, 2021
[Dear readers, I am taking a desperately needed break from telling you why a stock market crash is long overdue, and why Biden & Friends are finally going to make it happen. Full disclosure: I have not read a newspaper or watched the news since November. RA ] We’ve all grown so weary of spam […]
Read the full commentary →February 14, 2021
Been vaccinated yet? I haven’t, although I’m trying not to give friends the impression that I’m making some sort of political statement. That means not emailing them links to every vaccine horror story that surfaces, or to growing evidence that the vaccine may not be all that it’s cracked up to be. That mRNA vaccines […]
Read the full commentary →February 7, 2021
This is a perfect time to catch up on the best of television, since so many of us are watching more of it these days, particularly on Saturday nights. I’ve been assiduously avoiding all news for the last month or so and am faintly aware of the impeachment proceedings and Biden’s energy pipeline kill-shot only […]
Read the full commentary →January 31, 2021
The news media went all-in over the weekend trying to explain the significance of the Gamestop saga, but because few traders were asked about it, there was little in this torrent of analysis to enlighten. Most of the reporters, talking heads and pundits focused on the obvious, sensationalizing a story about how the little guys […]
Read the full commentary →January 24, 2021
A little more than two decades ago, amidst the wild excesses of the dot-com boom, I wrote what turned out to be an epitaph for those heady times in the The San Francisco Examiner. It bore the headline Monsters from the Id Threaten the System, a metaphorical nightmare that I’ll explain shortly. Then as now, […]
Read the full commentary →January 20, 2021
Those who write about such things have attributed virtually every stock-market rally since March 23 to ‘vaccine hopes’. They have overworked and over-hyped this phrase with no sense of irony or awareness; for it is not so much ‘hope’ that has powered stocks to insane levels, but monetary stimulus pumped liked steroids into a beast […]
Read the full commentary →January 17, 2021
Stocks have turned timid, although it remains to be seen whether the moderate selling that ended the week will gain momentum as Biden’s inauguration approaches. Regardless, the smell of distribution is in the air, and it is not subtle. As the tempo of it picks up, expect DaBoyz to work overtime trying to convince us […]
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