Quote:
Originally Posted by StefanG
so for 8 years the DOW was growing but it had nothing to do with Obama - but now it's Trumps achievement - funny
i can tell you one reason for example: because the new powers at work propose lowering restricions for banks, bank shares go up. this is awesome because exactly those restrictions were introduced after 2008 to prevent this from happening again and now we're going to be set up for the next Lehman Bros. adventure. Maybe Goldman Sachs this time?
Enjoy!
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I didn't claim it was Trump's achievement... I'm just pointing out there is a problem with the whole "Trump is an idiot that will ruin US economy" story... if Trump is an idiot and is about to ruin US economy, then sp500 shouldn't be going up, but it is...
your theory about banking regulation sounds reasonable on the surface, but why is it then that stock prices of companies in most industries are going up, not just banking?