[Peace-discuss] Exuberance on Wall St. & @ Goldman Sachs

[Szoke, Ron]

Goldman’s No. 1 is so bullish on Wall Street, he coined his own term for it
By MARK DECAMBRE<http://www.marketwatch.com/topics/journalists/mark-decambre>
WSJ, Feb 9, 2017 3:33 p.m. ET
Goldman’s shares have gained by about a third since the Nov. 8 presidential election

 . . .
   Blankfein & Co., have been big beneficiaries of Trump’s policy agenda, including those aimed at peeling back aspects of the Dodd-Frank bank reform act that were written into law in the wake of the 2008-09 financial crisis. Also, a number of Goldman alum are among Trump’s confidants and cabinet members, including the bank’s former No. 2, Gary Cohn<http://www.marketwatch.com/story/trump-asks-goldmans-gary-cohn-to-head-national-economic-council-2016-12-12>, who is now director of the president’s National Economic Council; Steven Mnuchin<http://www.marketwatch.com/story/senate-democrats-take-aim-at-mnuchins-treasury-nomination-2016-12-21>, nominee for Treasury secretary; and chief strategist to the president, Steve Bannon<http://www.marketwatch.com/story/time-magazines-latest-cover-features-menacing-portrait-of-steve-bannon-2017-02-02>.
   And Goldman, along with the rest of the banking sector, has rallied sharply<http://www.marketwatch.com/story/heres-the-best-of-trumps-stock-trading-tweets-2017-01-28>, gaining 33% since the Nov. 8 election win by Trump, compared with a 7.3% gain for the S&P 500 index SPX, +0.60%<http://www.marketwatch.com/investing/index/spx?mod=MW_story_quote> and roughly 10% rises for the Dow Jones Industrial Average DJIA, +0.60%<http://www.marketwatch.com/investing/index/djia?mod=MW_story_quote> and the Nasdaq Composite Index COMP, +0.59%<http://www.marketwatch.com/investing/index/comp?mod=MW_story_quote> over the same period. Those three stock-market benchmarks all hit intraday records on Thursday<http://www.marketwatch.com/story/wall-street-stocks-mark-time-ahead-of-twitter-results-2017-02-09>.
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[cid:C780B2F5-265D-41EE-BB22-733F3A0BA4F1]

Karl, taking a dim view of it all . . .


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