"On Obama’s watch, the economy generated 8.6 million net new jobs — or about three Carrier deals every day" https://t.co/fbducrH83S
— MarketWatch (@MarketWatch) December 3, 2016
…[W]hat’s the best-performing stock in the Dow Jones Industrial Average DJIA, +0.18% since the election?
Goldman Sachs. GS, -0.12%
Yes, really. Shares are up 24%, to $225 from $182 when the market closed on November 8. The next biggest gainer: Wall Street powerhouse JP Morgan Chase JPM, +0.52%
Half of the Dow’s gain since the election, in fact, is due to just those two Wall Street stocks. By contrast, shares of “Main Street” companies Johnson & Johnson JNJ, +0.11% Procter & Gamble PG, -0.10% and Coca-Cola KO, -0.12% are down.
According to company documents, the partners at Goldman own 30.65 million shares. Which means that the partners at Goldman Sachs, in total, are $1.3 billion richer than they were on November 8, thanks to Trump’s election…
Trumpkins are learning the hard way what happens when you buy an investment scheme from a con-artist. I’ve been writing about scam artists for more than 20 years. They always promise you the moon — that is, until your check clears.
When will these voters get it? Maybe never. Author Maria Konnivoka notes in her book The Confidence Game that many victims refuse to admit they’ve been scammed — no matter what the evidence. Indeed, she says, many just keep coming back for more…
Apart from checking out Wall Street history during the Calvin Coolidge era, what’s on the agenda for the evening?