What I love pointing out to everybody that freaked out that Hillary was paid off by GS because of some stupid speech she gave is that GS plays both sides of the board, like all the other banks. If anybody thinks that a vote for Trump was a vote for anti-establishment and an end to Corporatocracy... Nov 8th is the blue arrow:
Oh man, Im never going to let my friends who hated Hillary because of her Goldman Sachs ties live this down. They simply don't understand the game, it made no difference! I would keep hearing "But Goldman paid her off! She is going to cave in to what ever they want if she is elected!" Good thing Trump is not beholden to any big bankers! Oh wait... Trump Eyes Goldman Sachs President for Economic Post President-elect Donald J. Trump is expected to name Gary D. Cohn, the president of Goldman Sachs, to direct the National Economic Council.
Oh yes, there are many reasons, but the point was that even Trump as going on about how she gave speeches at Goldman Sachs and got paid, implied that she owed them. Then he turns around and hires the CEO of Goldman and everybody quickly forgot their outrage.
Goldman adds 50 points to Dow amid deregulation talk Goldman Sachs in the stock market today was contributing the lion's share of the Dow Jones Industrial Average's rally in early trade. Goldman Sachs Group's shares GS, +4.31% were climbing 3.2%, to add about 50 points to the Dow DJIA, +0.86% representing the biggest contributor to the price-weighted blue-chip gauge, which was up about 135 points, or 0.7%, higher at 20,021. Goldman's rally comes as President Donald Trump's administration begins a rethink of the way big American financial firms are regulated, with a focus on repealing many of the Dodd-Frank bank reform rules implemented in the wake of the 2008-09 financial crisis. Critics say the rule hampers banks' ability to be competitive in international markets. - marketwatch
Today $GS shows BUY signal (TA) for short term. Technical analysis source:https://stockinvest.us/technical-analysis/GS?utm_source=stocktwits-api. UP posted by www.stockinvest.us
$GS All this negative sentiment and probable SEC investigation plus even Cramer calling GS action criminal. Get out quick!! SELL!
$GS gets an upgrade.... now just need a stockbuy back or buffett buys the stock.. posted by StockBookie on stocktwits.com
Buffett still owns those $5B worth of shares that pay a 10% dividend from the 2008 bailout! That was possibly the most amazing deals ever.
GS is most likely going to close bullish tomorrow. Valuation from there may carry it further down, or price may continue to retrace bullish
In a bear market this pattern would instantly be considered bearish but in this market, anything could happen. It's been the norm for bank stocks to sell off after earnings. I wouldn't overthink the process.
