Posted on 11/30/2016 9:27:51 AM PST by RummyChick
http://www.bloomberg.com/news/articles/2016-11-30/goldman-says-trump-s-presidency-will-benefit-stocks-in-almost-every-sector
It must have killed them to write this...and Obama ..and the Dems.
HA HA
Dunno.
With Mnuchin at Treasury, Goldman-Sachs has reason to rejoice.
Some thought the markets would favor the status quo (Hillary) but I always thought Trump would be good for stocks over the longer term recognizing that a change agent introduces more volatility. We shall see.
I think Cramer said it first.
Because Wall Street all thought that Hillary would win, they were all spouting the party line of why Hillary would be better for business than Trump, when they all knew better. Now that the threat of a Clinton regime is gone, they can all express their true feelings, and go whole hog on a Trump Admin with regard to fiscal matters without having to fear any Dem repercussions in the future. The Dems have lost everything, the Presidency, both Houses of Congress, most State Governorships and legislatures, and soon hopefully, the SCOTUS too. Wall Street can now breath easy and go whole hog.
“It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.
Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.”
— Paul Krugman, November 9, 2016
I agree on all items.
cnn interviewed farage recently. he was asked to explain the stock market. he said that the market feared a hillary election and that is why it was depressed before the election. after the election, the market surged due to trump.
if i look back at the stock indices, the market dips to a low around the friday before the election when it begins to rise. i think that it is when the people in the know had the common sense realization that hillary and company have shot their load at trump and failed to bring him down, and combining that with the common sense realization that the MSM is biased in its reporting favoring the prediction of a Hillary win. Small investors could follow the same logic. Thus, buying picked up a couple of days before the election and continued on during the election week, reaching highs not seen since 2008.
ping
Goldman Sachs is not an enemy
Yes it is.
Remember Trumps final ad?
It featured GS as an villanious force.
Now these appointments... bah!
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