Why Wall Street loves Trump

CNBC ^ | 2015/08/14 | Turney Duff

[TigerLikesRooster]

Why Wall Street loves Trump

Turney Duff

There's a love-fest going on between Wall Street and Donald Trump — but not for the usual political reasons.

The truth is, Wall Street loves a circus — and Trump just brought it to town.

"The guy is hilarious," said one sales trader. "I can't wait to see what he does next."

That's the general consensus of Wall Streeters I spoke with: Trump shoots off his mouth and isn't politically correct, but a lot of folks from the investment community share his views and believe that the government is broken.

"I love the guy!" another sales trader said. "He says what everyone is thinking."

Here are the most common reasons why Wall Streeters are flirting with a Trump nomination:

•He's entertaining. •He's a refreshing non-traditional candidate. •They see him as capable of getting the economy firing on all cylinders again. •They think he would cut the corporate tax rate

Even the Hillary Clinton supporters love him — they see him as a clear path to another Clinton presidency.

One thing a lot of finance professionals said that was intriguing about Trump: They feel like they know him.

Mostly because anyone who has worked at an investment bank, a hedge fund or mutual fund has had a boss similar to Mr. Trump. He's the kind of no-nonsense, results oriented, brash and compassionate (if you catch him on a good day) type of leader who has no problem firing his employees if they don't deliver. He's tough, but fair (usually).

[Catsrus]

The link isn’t working.

[DannyTN]

It's a hit piece calling him a clown (Circus) and a "clear path to the Clinton Presidency". But even they can't help making some valid points:

• They see him as capable of getting the economy firing on all cylinders again.
• They think he would cut the corporate tax rate
• He's the kind of no-nonsense, results oriented, brash and compassionate (if you catch him on a good day) type of leader who has no problem firing his employees if they don't deliver.
• He's tough, but fair (usually).

Meanwhile Trump says he will be up against Biden as the Clinton campaign unravels.

[DannyTN]

It's a hit piece calling him a clown (Circus) and a "clear path to the Clinton Presidency". But even they can't help making some valid points:

• They see him as capable of getting the economy firing on all cylinders again.
• They think he would cut the corporate tax rate
• He's the kind of no-nonsense, results oriented, brash and compassionate (if you catch him on a good day) type of leader who has no problem firing his employees if they don't deliver.
• He's tough, but fair (usually).

Meanwhile Trump says he will be up against Biden as the Clinton campaign unravels.

[refermech]

Trump against Biden? Sounds like an easy win to me.

[DannyTN]

So does Trump against CLinton or Sander’s.

[TigerLikesRooster]

Sorry. Here is a correct link:

http://www.cnbc.com/2015/08/14/why-wall-street-loves-trump-commentary.html

[stephenjohnbanker]

Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street by Charles Gasparino

An interesting book. It shows how and why Wall Street helped put Obama in the White House

1) The Street didn’t trust McCain (loose cannon, and unpredictable)

2) They knew Obama was a slut, and bought him off. Since 2008, Obama has only helped Wall Street)

This time the Republicans will get the money, as all the Dim possibles are “loose cannonms”

[nickcarraway]

This article is a joke. Just because some floor trader’s like Trump, doesn’t mean Wall Street does. Wall Street considers Trump to be a laughing stock. Always has.

[GeronL]

If the Chamber of Cronies and the traders like it, it’s probably bad news