Elites Run Systemic Stress Tests Ahead Of More Global Chaos

Sunday, February 2, 2014
By Paul Martin

February 2, 2014

On the heels of unprecedented actions being taken across the globe, today a 40-year market veteran sent King World News a fascinating piece which discusses aggressive moves by the Fed and central planners as the financial system comes under increasing pressure. Robert Fitzwilson, who is founder of The Portola Group, put together the following tremendous piece below exclusively for King World News.

By Robert Fitzwilson of The Portola Group
February 2 (King World News) – Elites Run Systemic Stress Tests Ahead Of More Global Chaos

In the early 1970s, a concept was coined called the “Nifty Fifties.” These were a subset of the U.S. equity universe that were considered “no brainers.” Investors could buy these issues and ignore the rest. During the ‘90s, we saw something very similar with the dot.com darlings such as Microsoft, Cisco and Intel. As more people and institutions focused on a relatively small group of issues, we witnessed a self-fulfilling prophecy: Prices rose, and more money flowed into the same issues….

The Rest…HERE

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