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The Average Joe voted for Trump as a candidate of change, as a middle finger to the "elititists," the one who didn't have Wall Street in his pocket.
I said all along that his supporters were being blind. Trump IS the elite. Trump IS the biggest friend of Wall Street.
The stocks that are skyrocketing now tell the story: Banks, hedge funds, insurance companies.
Billionaire hedge fund owner Carl Icahn is a friend and was a big donor to Trump.
Get ready for deregulation, as the same policies that led to the Great Depression and the recent Great Recession get repeated. It'll take a few years before the greed and criminal activities have their effect on our economy, but it WILL happen. History repeats itself.
These financial guys can't be trusted as far as you can spit. They can't resist taking advantage of a system that doesn't watch what they're doing. So save what money you can, make what money you can, buy that house, then hunker down for the upcoming recession. If it's like the last two times, we have a few years until it hits.
Watch the movie The Big Short to see what these guys are like, when they don't have to answer to anyone.
An initial drop that was likely attributable to uncertainty—something markets don’t typically respond well to. That resulted in overselling, as investors got rid of their shares as they watched markets plummet.
I purchased some stocks after the result. Why?
well, Trump will roll back regulation and cut corporate taxes; another is that investors are bullish about the increased infrastructure spending that Trump promises. Whatever the cause, investors seem to be digesting Trump’s victory faster than expected.
International market, I read a Tokyo Newspaper, the investors see America will have a peaceful transition of power, not a violent one. So the stock market responses positively.
As of now, markets are reacting to promises and policies Trump touted on the campaign trail. How things will really play out after January 20, 2017—and how positively the market responds to them—is anyone’s guess.
Yep. It's rumors and whispers now but it looks like all the old Bush cronies are hustling to get seats at the Trump table. Forgotten America may have made a dreadful miscalculation.
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