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Daily Commentary

The Morning Line

Rick Ackerman’s daily market commentary — blunt, specific, and free of Wall Street spin. Browse the full archive below.

June 8, 2025

Summer Topping Process Could Get Messy

The stock market is in a topping process, brazenly manipulated by white-collar carnies who cut their teeth at Sloan, Wharton and Stanford. These newly trained ass-bandits have been working Microsoft shares to hold the broad averages aloft while they offload inventory to widows, pensioners and assorted other bag holders. I described in detail how this […]

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June 1, 2025

Watch this Latest Bitcoin Crime Start a Wave!

The internet has evolved into the perfect medium for spreading crime into every household and every age group, and now Bitcoin is fast becoming the perfect medium for pushing a more violent kind of crime out into the streets. There was a time when one could avoid getting mugged simply by not wearing Italian shoes, […]

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May 25, 2025

Why the ‘Wealth Effect’ Is a Giant Crock of Shit

Of all the nutty ideas in investors’ heads these days, none is crazier or more pernicious than the mass delusion that grotesquely inflated asset prices have made tens of millions of us rich.  As equity shares and residential real estate prices have risen higher and higher due to Fed stimulus with money conjured from nowhere, […]

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May 18, 2025

Time for a Little Skepticism

I’ve supported Trump since his first term, but my hopes for his success peaked a month ago when a panic-induced plunge in the S&P 500 reversed almost precisely from a 4820 target I’d sent out to subscribers. I saw this as the surprisingly quick end to a bear market that had only just begun in […]

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May 11, 2025

Trump Magic Losing Its Hold on Investors

[The S&Ps are losing steam after recouping two-thirds of their 1400-point loss in March/April. The stall near 5700 has left them hovering in the danger zone, just like the U.S. economy. Will it skirt recession? I have my doubts, even if price action on the S&P chart on April 7 led me to speculate that […]

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May 4, 2025

Four Weeks Off Bottom, Stocks Enter ‘Danger Zone’

[We are coming up on a month since I blew ‘Taps’ for a bear market that supposedly was just starting. There was panic in the air that Sunday because America’s enemies in Brussels were dumping T-Bonds in an attempt to crash the market. They were intent on forcing Powell to ease, but their plan failed […]

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April 27, 2025

Insanely Bullish Forecast Survives Yet Another Week

[My prediction three weeks ago that the bear market had seen its worst seemed crazy at the time — particularly to me, because I’m an inveterate permabear.  However, last week, bulls distanced themselves further from the low of the mini-crash that occurred when tariff  panic was in the air.  I’d said the selling would take […]

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April 20, 2025

Outrageously Bullish Forecast Survives Another Week

[Two weeks ago, I made the seemingly outrageous prediction that Trump’s tariff offensive would not cause a recession and that the stock market bear would soon be over.  Shares were in a steep plunge at the time, and investors around the world seemed ready to hit the panic button that Sunday night. The S&Ps had […]

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April 13, 2025

Round One vs. The Bear Goes to Trump

[Just ahead of last Monday’s steep plunge, I predicted here that an S&P reversal from 4820 would mark the end of the bear market. So far, SPX has rallied 646 points off an actual low at 4835. Bulls are not yet out of the woods, however, since a relapse could occur at any time. The stock market […]

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April 13, 2025

Round One vs. The Bear Goes to Trump

[Just ahead of last Monday’s steep plunge, I predicted here that an S&P reversal from 4820 would mark the end of the bear market. So far, SPX has rallied 646 points off an actual low at 4835. Bulls are not yet out of the woods, however, since a relapse could occur at any time. The […]

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April 13, 2025

Round One vs. The Bear Goes to Trump

[Just ahead of last Monday’s plunge, Rick’s Picks predicted that an S&P reversal at 4820 would mark the end of the bear market. Here’s a chart that shows the 661-point rally that occurred off an actual low at 4835. Bulls are not yet out of the woods, however, since a relapse could occur at any time. The stock […]

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April 6, 2025

Trump About to Kick the Bear Market’s Ass

A word of advice if you’re looking for bankable information on the direction of the economy:  tune out the mainstream media’s cavalcade of Trump-deranged bozos and focus on the 4820 target in the SPX chart above. Think of it as Trump’s lucky number, but also a very good place for these all-too-interesting times to find […]

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