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

[laserhaas]

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

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

And everyone wants in on the action

[laserhaas]

1. It is beyond all readonable doubt where Trump's loyalties

are focused.

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

Or is it "beyond all reasonable doubt"?

just sayin.....

[Dustlawyer]

2. That's what controlling most politicians and the Presidency will do for a stock price.

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

It wouldn't do any good!

[laserhaas]

4. Wonder if he owns shares in Goldman Sachs

Could ecplain things

[IronLionZion]

13. His administration is filled with Goldman Sachs executives

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

[mdbl]

3. The Greedy Ole' Party strikes again

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]

5. Yup

It will be a slaughter

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

[jaxind]

6. EO

Can he do this with JUST an executive order??

[laserhaas]

7. He is doing it; and nobody is suingto halt.

Must have the authority

I guess

[BumRushDaShow]

11. EO's are not law

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]

8. We are in the Worker's Paradise of USSR; Jamie Dimon is member of Politburo

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

[Bernardo de La Paz]

9. Ex-Morgan Stanley Financial Adviser Arrested in Fraud Case

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

http://www.democraticunderground.com/10141690421

[laserhaas]

16. You can steal from John & Jane Does ...all you wish

But take 1 frighing dollar from the rich

and be damned!

[C_U_L8R]

10. This may bite them in the ass.

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]

12. That's great until they crash the economy again

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

[louis-t]

14. Of course their stock is up.

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

[Bayard]

15. Time to start hiding money in a jar buried in the backyard again

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

[laserhaas]

17. One day...soon ..a decent reportee will break the story

and then Goldman Sachs will get its comeuppance