Anticipate The New Nifty Fifty

I am old enough to remember the bear market of the 1970s. As a matter of fact I was right in the middle of it working for Merrill Lynch as a retail broker. After the bear market began in January of 1973, there were about fifty stock that had been institutional favorites for the previous decade. These select few stocks initially held their value for an incredible length of time. Some remained in uptrends, The rest of the market seriously tanked. Going into 1974 the Nifty Fifth had joined the bear market and by the end had lost a lot of value.

In previous articles I have made the case that stock averages are being managed by a wealthy consortium which has the intention of centralizing and consolidating equities into the strongest and most cooperative hands.possible. This will greatly facilitate moving the averages higher independently of earnings. They probably justify this by reasoning that the market will create economic activity. The stock market has been managed successfully most recently since fall of 2011. There is more to rigging the markets than just easy money by virtue of central banks. Enhancing asset values of the wealthy is the political agenda that drives central bank policy. No honest person would claim that easy money is good for the economy. Honesty is not part of politics or Federal Reserve policy,

Over the past few weeks the supply of stock hitting the market has been enormous.  It has actually been more than the central banks can handle. It is a very sophisticated system. Rigging the stock market is a whole lot easier when not that many want out. There is no chance the central banks or the controlling consortium will quit trying to turn the market up. However, chances are they will consolidate their support to a group of anointed stocks and let the rest of the market fall. Which stocks will get support? Which stocks are the strongest now? Those will remain strong if and until the consortium disbands or until the political system falls apart.  The stocks below are the biggest holdings of the Swiss National Bank. These stocks are representative of all central bank holdings including those of our Federal Reserve.  Our Federal Reserve may use surrogates but they are instrumental in the ongoing rigging of the market. Until it is announced that central banks must buy the falling stock market in order to “save the world”, every attempt will be made to keep these anointed stocks in uptrends.  Stocks are continuing to be under pressure. This will only increase.   APPLE, MICROSOFT, AMAZON, FACEBOOK, JOHNSON & JOHNSON, EXXON MOBIL, ALPHABET, VISA, INTEL These are only the largest holdings. The list is pretty long. You can expect these and other anointed stocks will get enormous support any time the market sells off. You can count on it. You have already seen it. Just expect it to continue until it is stopped by a yet to be known coercive means. Who knows when that will be? The public is still unaware they are being fleeced.

The truth is a hard sell. Fantasy Free Economics gains readers one at a time. Major search engines simply do not list blogs which disagree with their political agenda. As long as folks share the link to this blog and others speaking out against the grain, the truth will at least trickle into the public consciousness.

Fantasy Free Economics recommends the following blogs.

Of Two Minds Liberty Blitzkrieg Mises Institute

 

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About Fantasy Free Economics

James Quillian is an independent scholar,free market economist, teacher of natural law, teacher and originator of the Fantasy Free approach to economics. James Quillian does not believe lies. Contact: news@quillian.net
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