Goldman Sachs stock has jumped 32.5% since Nov 8th

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sazzy

sazzy

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Basically, what the thread title says.

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The Dow Jones has increased by 8.7% since Nov 8th.

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Rich people became a lot richer overnight with Donald's election win.
 
Watch how excited wall street gets when he starts fucking with NAFTA and China and mistakes Pakistan for India during a speech.
 
This I still don't understand.

The stuff he has suggested (like applying an instant 5% tariff on all imports via executive order, ripping up trade agreements, defaulting on US debt, etc) would plunge markets into chaos and trigger a global recession.
 
BadenBadenLily said:
This I still don't understand.

The stuff he has suggested (like applying an instant 5% tariff on all imports via Executive order, ripping up trade agreements, defaulting on US debt) would plunge markets into chaos and trigger a global recession.
Click to expand...

His monetary policy guys will tell him what to do and they're from.... Goldman Sachs.
 
Don't get all the Goldman Sachs hate . I can get the tax rich more etc . But Sachs and other banks are just good at working the monetary markets .


If you want change it's better to change the laws more etc .

Having said that I don't like the oversize influence in play which stops/allows laws to not help the less privileged. Remove that lobby aspect.


But as a company doing business I have no issue with Goldman Sachs or any of the banks or hedge funds etc . I see nothing wrong with someone smart enough doing say something like high frequency trades or quant analysis to get rich . Tax him yes but he/she is just using smarts to make money .
 
BadenBadenLily said:
This I still don't understand.

The stuff he has suggested (like applying an instant 5% tariff on all imports via Executive order, ripping up trade agreements, defaulting on US debt) would plunge markets into chaos and trigger a global recession.
Click to expand...

The rest of the globe never really recovered from 2008. Only the American stock market has really been on this upward trend, so in a lot of ways we're just seeing capital moving to the US because there isn't anywhere else to put it. So it's really a strange defensive action being made here, money is flowing to the US because in the event of a global recession, the US is expected to fare better than the rest of the world just as it did in 2008.
 
Ishan said:
Don't get all the Goldman Sachs hate . I can get the tax rich more etc . But Sachs and other banks are just good at working the monetary markets .


If you want change it's better to change the laws more etc .

Having said that I don't like the oversize influence in play which stops/allows laws to not help the less privileged. Remove that lobby aspect.


But as a company doing business I have no issue with Goldman Sachs or any of the banks or hedge funds etc . I see nothing wrong with someone smart enough doing say something like high frequency trades or quant analysis to get rich . Tax him yes but he/she is just using smarts to make money .
Click to expand...

It's easy to work the markets when you write the rules by which you play.
 
Stinkles said:
His monetary policy guys will tell him what to do and they're from.... Goldman Sachs.
Click to expand...

Did you miss the Goldman guys calling the shots leading up to the financial crisis? I hope Donald considers other perspectives for the sake of his legacy. They're going to try and fleece him.
 
BadenBadenLily said:
This I still don't understand.

The stuff he has suggested (like applying an instant 5% tariff on all imports via executive order, ripping up trade agreements, defaulting on US debt, etc) would plunge markets into chaos and trigger a global recession.
Click to expand...

I think the assumption is that he won't actually do those things. Basically, that he will be a very "Republican" and pro-business president despite his promises to attempt to tank the global economy.

I guess the bad outcome is that the rich bank executives he's bringing in guide his monetary policy and the rich get richer at the expense of everyone else. Perhaps good for your retirement account in the very short term but not so much beyond that once bubbles burst.

The worse outcome is he doesn't listen to those people, fulfills his promises, and we get a global depression in a year or two instead of a recession in three or four.
 
I kind of feel like there is another recession coming up within the next five years. I don't know what will be the trigger, but historically speaking, we are due for one...
 
chaosblade said:
I think the assumption is that he won't actually do those things. Basically, that he will be a very "Republican" and pro-business president despite his promises to attempt to tank the global economy.

I guess the bad outcome is that the rich bank executives he's bringing in guide his monetary policy and the rich get richer at the expense of everyone else. Perhaps good for your retirement account in the very short term but not so much beyond that once bubbles burst.

The worse outcome is he doesn't listen to those people, fulfills his promises, and we get a global depression in a year or two instead of a recession in three or four.
Click to expand...

But why is that the assumption? He has not toned down his rhetoric at all since the election, and his campaign proved that he basically doesn't listen to anybody except his sons who are just as unhinged as he is.

The 5-10% Tariff is something he has been suggesting as recently as last week. If he was going to pivot he would have done so already. The campaign is over.

I wish I could be as optimistic as Wall Street seems to be, but I'm confident that the idiot is going do something stupid to trigger a massive recession within the next two years, right on time for me to graduate college and enter the work force.
 
TheLaughingStock said:
Did you miss the Goldman guys calling the shots leading up to the financial crisis? I hope Donald considers other perspectives for the sake of his legacy. They're going to try and fleece him.
Click to expand...


I did not miss that. In fact unsustainable irrational growth enabled by Goldman Sachs and Moodys was the fuel for that crisis.
 
BadenBadenLily said:
But why is that the assumption? He has not toned down his rhetoric at all since the election, and his campaign proved that he basically doesn't listen to anybody except his sons who are just as unhinged as he is.

The 5-10% Tariff is something he has been suggesting as recently as last week. If he was going to pivot he would have done so already.
Click to expand...

Who knows. Maybe a lot of the wall street folks are just like voters and care less about the person, what they say, and what they stand for, and only see "D" or "R."

I'm certainly not one of them. Even if I wasn't pulling my non-retirement investments for a house, I'd at least be considering moving to something else. (And as far as retirement goes, I look forward to the discounts assuming I keep my job.)
 
Netherscourge said:
Gotta love it.

Trump is more "Wall Street" than Hillary Clinton EVER was.
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The party not effectively distancing themselves these sorts of institutions created this perception problem regardless of what the facts show.

Going forward, democratic hopefuls should not be playing footsies and taking massive donations from Goldman Sachs if they want to try and present themselves as the ones who will be tough on them and their opposition is the one who will give them free reign.
 
BadenBadenLily said:
But why is that the assumption? He has not toned down his rhetoric at all since the election, and his campaign proved that he basically doesn't listen to anybody except his sons who are just as unhinged as he is.

The 5-10% Tariff is something he has been suggesting as recently as last week. If he was going to pivot he would have done so already. The campaign is over.

I wish I could be as optimistic as Wall Street seems to be, but I'm confident that the idiot is going do something stupid to trigger a massive recession within the next two years, right on time for me to graduate college and enter the work force.
Click to expand...

Hopefully this doesn't happen. I graduated in 2009 and it was the worst it had basically ever been according to the folks at Purdue. It was some of the lowest placement rates they had ever seen. It was a scary time to graduate. Me and many others had job offers rescinded in the last few months of school putting us into fantastic panics! Yay!

Fingers crossed.
 
BadenBadenLily said:
This I still don't understand.

The stuff he has suggested (like applying an instant 5% tariff on all imports via executive order, ripping up trade agreements, defaulting on US debt, etc) would plunge markets into chaos and trigger a global recession.
Click to expand...

Turmoil and disaster are just opportunities in disguise when you're a canny investor and/or have the administration's cabinet in your pocket.
 
what's delicious is that his base is so obtuse he can create very pro wall street pro international trade union busting anti labor policies and then successfully claim that he's finally done something for the werkin man
 
VendettaRed07 said:
The party not effectively distancing themselves these sorts of institutions created this perception problem regardless of what the facts show.

Going forward, democratic hopefuls should not be playing footsies and taking massive donations from Goldman Sachs if they want to try and present themselves as the ones who will be tough on them and their opposition is the one who will give them free reign.
Click to expand...
Or just don't be a horrible candidate that can't even beat a man that boasts about groping women.

Trump's going to be great for the finance industry. Ending Dodd-Frank, lower corporate tax rates, etc.
 
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