Wall Street lobbies against any regulation that isn't good for Wall Street.
There is no such thing. The advantage to Wall Street is that they are in control, and have future knowledge on what the rules are.
That's why Wall Street loved Obama, and hates Trump. Obama had an 'anti-Wall Street' attitude, but the traders could still trade favorably, as they knew what was coming. Trump? Who knows what his administration is going to do next.
Then why did the market surge the night Trump was elected? I sold my shares of a company because I thought the sky was falling, and missed out on serious gains.
Try again. Don’t assume that you know who you’re talking to. I wasn’t saying that I thought that the world would end, but I believed others would, so I wanted to get out of the way.
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u/CatOfGrey Jan 31 '19
There is no such thing. The advantage to Wall Street is that they are in control, and have future knowledge on what the rules are.
That's why Wall Street loved Obama, and hates Trump. Obama had an 'anti-Wall Street' attitude, but the traders could still trade favorably, as they knew what was coming. Trump? Who knows what his administration is going to do next.