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laserhaas

(7,805 posts)
Sat Feb 4, 2017, 05:23 AM Feb 2017

Goldman Sachs Shares Up 4.5% after Trump's Orders on Dodd-Frank

Source: Razor Forex Trading

Investment bank stocks had one of their best days on Friday after President Trump signed an executive order to start rolling back the 2010 Dodd-Frank bill, which was passed in the aftermath of the 2008 financial crisis.

One of the biggest gainers today was Goldman Sachs Group with a whopping 4.57 percent gain on the day, closing at $240.95. This was one of the biggest one-day spikes in GS shares, second only to the 5.94% surge on November 9, 2016, which was driven by Trumps electoral victory.

As of today, Goldman shares are only about $10 away from taking out the all-time high at $250.70, recorded on October 29, 2007.



Read more: http://www.razor-forex.com/2017/02/goldman-sachs-shares-shoot-up-45.html?m=1



It's about to be a Goldman Sachs Wall Street Robber Barons, feeding frenzy

And everyone wants in on the action
17 replies = new reply since forum marked as read
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Goldman Sachs Shares Up 4.5% after Trump's Orders on Dodd-Frank (Original Post) laserhaas Feb 2017 OP
It is beyond all readonable doubt where Trump's loyalties laserhaas Feb 2017 #1
That's what controlling most politicians and the Presidency will do for a stock price. Dustlawyer Feb 2017 #2
Wonder if he owns shares in Goldman Sachs laserhaas Feb 2017 #4
His administration is filled with Goldman Sachs executives IronLionZion Feb 2017 #13
The Greedy Ole' Party strikes again mdbl Feb 2017 #3
Yup laserhaas Feb 2017 #5
EO jaxind Feb 2017 #6
He is doing it; and nobody is suingto halt. laserhaas Feb 2017 #7
EO's are not law BumRushDaShow Feb 2017 #11
We are in the Worker's Paradise of USSR; Jamie Dimon is member of Politburo delisen Feb 2017 #8
Ex-Morgan Stanley Financial Adviser Arrested in Fraud Case Bernardo de La Paz Feb 2017 #9
You can steal from John & Jane Does ...all you wish laserhaas Feb 2017 #16
This may bite them in the ass. C_U_L8R Feb 2017 #10
That's great until they crash the economy again IronLionZion Feb 2017 #12
Of course their stock is up. louis-t Feb 2017 #14
Time to start hiding money in a jar buried in the backyard again Bayard Feb 2017 #15
One day...soon ..a decent reportee will break the story laserhaas Feb 2017 #17
 

laserhaas

(7,805 posts)
1. It is beyond all readonable doubt where Trump's loyalties
Sat Feb 4, 2017, 05:32 AM
Feb 2017

are focused.

Is the grounds for impeachment the "clear and convincing" standard...

Or is it "beyond all reasonable doubt"?

just sayin.....

Dustlawyer

(10,495 posts)
2. That's what controlling most politicians and the Presidency will do for a stock price.
Sat Feb 4, 2017, 07:20 AM
Feb 2017

Trump needs to consult those of us who they have ripped off!

It wouldn't do any good!

IronLionZion

(45,457 posts)
13. His administration is filled with Goldman Sachs executives
Sat Feb 4, 2017, 10:35 AM
Feb 2017

and he still hasn't released his tax returns. He clearly has something to hide.

mdbl

(4,973 posts)
3. The Greedy Ole' Party strikes again
Sat Feb 4, 2017, 07:56 AM
Feb 2017

Bad enough they have most of the country's wealth, now they have to take what little is left from old people trying to save for retirement. What a bunch of pigs.

 

laserhaas

(7,805 posts)
5. Yup
Sat Feb 4, 2017, 08:25 AM
Feb 2017

It will be a slaughter

Like the movie coming out with Morgan Freeman and buddies getting their Union retirement yanked

BumRushDaShow

(129,112 posts)
11. EO's are not law
Sat Feb 4, 2017, 09:50 AM
Feb 2017

They only instruct agencies how to carry out the law.

In this case, the "roll back" is most likely reducing or eliminating enforcement of the law.

Congress would have to make any changes to the law or repeal it.

delisen

(6,044 posts)
8. We are in the Worker's Paradise of USSR; Jamie Dimon is member of Politburo
Sat Feb 4, 2017, 08:47 AM
Feb 2017

We are all equal in the new workers paradise and as before some are more equal than others.

Bernardo de La Paz

(49,010 posts)
9. Ex-Morgan Stanley Financial Adviser Arrested in Fraud Case
Sat Feb 4, 2017, 08:48 AM
Feb 2017

Expect to see more of that because financial companies won't be blocked earlier in the process.

http://www.democraticunderground.com/10141690421

 

laserhaas

(7,805 posts)
16. You can steal from John & Jane Does ...all you wish
Sat Feb 4, 2017, 12:48 PM
Feb 2017

But take 1 frighing dollar from the rich

and be damned!

C_U_L8R

(45,003 posts)
10. This may bite them in the ass.
Sat Feb 4, 2017, 09:00 AM
Feb 2017

Business is built on trust. Especially the financial business.
And with no protections or assurances that we won't be swindled,
there is absolutely no reason to give them our business.
It may not collapse overnight but drip drip drip people
will instinctively pull away.

IronLionZion

(45,457 posts)
12. That's great until they crash the economy again
Sat Feb 4, 2017, 10:33 AM
Feb 2017

Since we should always ignore recent history and never learn from past mistakes

louis-t

(23,295 posts)
14. Of course their stock is up.
Sat Feb 4, 2017, 12:20 PM
Feb 2017

Gleefully rubbing their little money-stained fingers together in anticipation of Round 2. Grab your wallets and run.

Bayard

(22,100 posts)
15. Time to start hiding money in a jar buried in the backyard again
Sat Feb 4, 2017, 12:21 PM
Feb 2017

The people that bring on the crashes have their money hidden in offshore accounts. They're not affected by the havoc they bring.

 

laserhaas

(7,805 posts)
17. One day...soon ..a decent reportee will break the story
Sat Feb 4, 2017, 03:45 PM
Feb 2017

and then Goldman Sachs will get its comeuppance

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