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The election of blue-collar hero Donald Trump is already paying off:
A Dow 20000 milestone would have Goldman Sachs Group Inc. to thank….Shares of the Wall Street firm are up 31% since Election Day, rising to within striking distance of their all-time closing high of $247.92, which was hit in October 2007. That compares with a 8.6% rise in the Dow industrials.
And it’s not just Goldman Sachs. Bank of America has done even better, and the rest of America’s megabanks are doing pretty nicely too. It’s a wonderful time to be on Wall Street.
