BALTIMORE – Two things. One we understand. The other we don’t. First, you gotta hand it to Wall Street. The financial elite were 1,000% behind Hillary. Then, when Donald Trump won the White House, within minutes, they were in his cabinet.
During the campaign, not only were they loading Hillary up with millions of dollars in funding, but they also regularly predicted doom if ‘The Donald’ were to win. Then, apparently within seconds, in the middle of the night, they saw a great dollar sign in the sky…
‘By this sign will you conquer’ was written upon it. Not since the conversion of Constantine has a turnaround been so abrupt and so complete. Mirabile dictu!
In a flash, the analysts at the nation’s top Wall Street firm suddenly realized something that had eluded them throughout the long and bitter presidential campaign: Tax cuts and spending increases might not be so bad after all!
The great sell-off ended. A buying spree took over… pushing up the price of Goldman Sachs stock by 40% and making its CEO, Lloyd Blankfein, the No. 1 beneficiary of the election (since the election, the value of his Goldman holdings have increased by $163 million).
This post was published at Acting-Man on January 19, 2017.