Wall Street, Cynical as Ever, Thinks Equifax Will Get Off Easy

Today's updates from Rick's Picks. You are receiving this email because you signed up for daily updates at www.rickackerman.com Is this email not displaying correctly? [View it in your browser](. [Follow on Twitter]( [Forward to a Friend]( The Hidden Pivot Seminar "Trading success is only six hours away." Learn Rick Ackerman's risk-averse Hidden Pivot Method and never trade the old way again. -------------------------------- “...I am pinching myself to be sure I am not dreaming. I am more confident every day with the HP approach. I am making money... I am able to escape the screen if I so wish. I do not end the day stressed and hyperactive. Impressed? I am absolutely knocked out - just wish I had found the site years ago. Best wishes, long may you continue.”- David Ivory --------------------------------------------------------------- - [North Korea Is on Investors’ Radar]( - [How Long Can Mr. Market Waffle?]( - [One-Decision]( Are Too Enticing to Shun for Long]( - [Over-Under Bet for a Holiday-Shortened Week]( - [‘Seasonality’ Takes a Licking]( - [Pre-Holiday Hijinx]( - [Is ‘Matt’s Curse’ About to Doom Stocks?]( - [Nasdaq Produces a Rare Profit for Shorts]( - [AMZN Glowers at Bears]( Rick's Pick for Monday [EFX – Equifax (Last:123.23)]( Published Sunday, September 10, 6:30 p.m. EDT Equifax joined the pantheon of corporate douche bags last week with the admission that detailed consumer information for more than half of adult Americans had been stolen from its data bank. That’s right: full names, Social Security numbers, birth dates, addresses and even driver’s license numbers. Enough information to keep the hacker community in clover for a hundred years. The potential consequences were not lost on traders, who buried EFX shares on Friday, sending them down $25, or 17%, in the blink of an eye. However, the interesting thing about this from a technical standpoint is that the pummeling the stock received did not breach a single ‘external’ low on the weekly chart (see inset). Chalk it up to Wall Street’s cynical calculation that Equifax will merely have its wrist slapped for allowing the biggest cyberbreach in the history of civilization. In the past, fines levied on the likes of Target and Adobe for similar malfeasance, albeit on a far lesser scale, have been ridiculously small. If you’re hopping-assed mad and inclined to write your Congressman to demand that Equifax be dealt with harshly, don’t waste your breath. When white collar crime and corruption are endemic, as they are now in the U.S., and the bad guys have overwhelmed the rule of law, there are no criminals, only victims. Equifax will no more be “made to pay” than a thousand corporate criminals who have evaded justice since the days of Enron. Realize that, in the end, it was Martha Stewart who went to prison, a victim of prosecutors whose laziness and ineptitude will continue to limit them to only the easiest targets. If you don’t subscribe, [click here]( for a free two-week trial that will allow you to enter the Rick’s Picks chat room, where great traders from around the world swap ideas 24/7. [follow on Twitter]( || [forward to a friend]( Copyright © 2017 Hidden Pivot Enterprises, All rights reserved. You're receiving this email because you requested that our Daily Commentary be emailed to you. If you don't wish to receive further mailings, please use the unsubscribe link at the bottom of this message. Our mailing address is: Hidden Pivot Enterprises PO Box 270646Louisville, CO 80027 [Add us to your address book]( [unsubscribe from this list]( | [update subscription preferences](