The public only wants revenge on big shot wrongdoers when times are bad. Here are the signs that we might be entering such a period.
A few charts of gun related stocks.
The fabled “Doc Copper” is supposed to be a harbinger of economic direction.
Now a broken AXL.
You can see how the big news earlier this week sucked in the sheep and led them to slaughter. This is a massive failure.
This is the break that Tim has been anticipating. Financials have broken the trendline established by the criminal intervention in the market Steve Mnuchin executed on December 26th.
Last week Tim promised that this week would be a doozy.
So here’s how it went down.
In spite of the Mnuchin-driven PPT rally this morning, Tim is doing just fine with his shorts.
After the selloff yesterday, we should all have expected Mnuchin to phone in the PPT and start the buying again. But Tim is totally ok with it.