Rick Is Back! Comments on US Markets, Yields and Gold
Happy to report that Rick is back and will be joining me on a regular basis. To get back up to date with Rick we talk US equity markets, yields and gold.
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Ditto. DT
Double-Ditto.
Good to hear Rick A. back on the KER.
Thanks. I really enjoyed my interview with Cory today and am looking forward to getting back in the swing.
RICK IS BACK !!!!!
Repeat………….I Q s are falling…………
https://www.zerohedge.com/news/2018-06-19/idiocracy-looms-study-finds-iq-scores-are-falling-due-social-media-central-banks
Something I’ve been noticing for years, Jerry. It ramped up with three decades of un-funny SNL skits. Now, the Millennial IQ deficit reaches into all realms of our lives: skyscrapers that lean (San Francisco); bridges that are corroding beneath 12 feet of concrete (Bay Bridge); supposed ‘artificial intelligence’ that can’t even get autotext right; Lena Dunham; the death of good films, live theater and the many arts. Etcetera.
Agree…….I am 70…..and the fall is very noticeable……..thanks for the reply
BTW……..Welcome back, and hope all is well….or at least as well as can be expected…
what rick is saying about the stock mkt today contradicts what he said in a previous podcast
previously, he said the bull market in stocks will not end until the Dow hits 40k or possibly higher. that’s what he said.
So, once I put out a forecast, I must hold fast to it no matter how circumstances change? The headwinds against stocks have increased significantly: Fed taper of dollars simultaneous with rate hikes; a trade war-of-words that is looking more and more like a real war; a rising dollar; rising oil prices; a peak in housing and, probably, corporate earnings.
Incidentally, for the same well-intentioned reasons I would tell you if your fly was unzipped, I’ll mention that using ‘Vladimir Putin’ as a handle in this forum marks you as a wiseguy and a coward.
Incidentally, I was never a Dow 40,000 bull. The highest Dow target I’ve aired publicly lies just 3500 points above current levels.
Rick, you WROTE it and it was just 6 weeks ago May 6th 2018. The economic situation has not changed that much in 6 wks.
“This bull market will not end until DOW 40k and possibly higher”
I was wrong about the podcast. You actually wrote it in your blog.
https://www.rickackerman.com/2018/05/prepare-consolidation-confusion/
So who’s lying now?
The thing you don’t get is that it’s meaningless that his comments contradict earlier comments. His hp method generates the targets. Common sense should tell you that a target can become less likely or even very UNlikely based on the action following it.
For example, gold still has a valid hp target below $900 but it is no longer the most likely target. When gold exceeds a certain level, it will go from unlikely to invalid.
Rick’s system is not about guessing gurus, crystal balls, and personalities. It is for realistic people who want to make money.
This is my last exchange with you, anonymous troll. The Dow 40,000 projection was made, as was clearly indicated, by David Isham. He filled in for me on an occasional basis while I was in Houston for medical treatment..
Here is what I wrote in regard to David’s Dow 40,000 prediction:
With surgery and an indeterminate recovery period just ahead, I’ve given my colleague David Isham (EYE-sham) free rein to speak his mind here in my absence (which I hope will be brief). I was somewhat startled to see that, in his first Morning Line at-bat here yesterday, he boldly predicted that the Dow Industrials would hit 40,000 before the bull market ends. Considering how skeptical I am toward a stock market that has been pumped full of steroids by the Fed, readers might ask whether Rick’s Picks is sending out mixed messages. My suggestion is to keep an open mind toward any and all possibilities. Although I could (and often do) give you a dozen good reasons why the Dow should be trading at half its current price, I cannot offer any guarantees that it won’t hit 40,000 first. As unlikely as this seems to me, it’s a scenario that neither I nor any of my fellow permabears can afford to ignore.
David will also be putting out some actionable trading touts in the week ahead. He has been a Rick’s Picks subscriber since the beginning — which is to say, for long enough to develop a distinctive style of his own. I hope you enjoy his work as much as I do. He brings a level of sophistication and imagination to chart-reading that could change the way you play the game.
Or….Just …one of…..RICK’S PRICKS…… 🙂
Everyone have a great day……great to be alive and well………Best to All….
Some people just leave me speechless. It’s no wonder that so many people are net losers with their investing.
I have to add that Rick’s hidden pivot method is fantastic.
Thanks, Matt, for your generous praise and for helping me fed off the troll.
It’s great to hear Rick’s perspective again. Glad to hear he is back in the saddle and feeling better.
Rick….I certainly have missed you….hope all is well on the medical front.
Thanks for putting out the welcome mat, Dave.
Thanks, Charles. Looking forward to contributing to the dialogue at KER.
Rick puts the ‘ack’ in back–nice to hear from you Rick 🙂
Welcome back Rick! DT