iBankCoin

WALL STREET CONCLUDES: THE RESIGNATION OF GARY COHN IS A NET POSITIVE FOR STOCKS

Follow the timeline. Gary Cohn is great for Goldman and Gary Cohn — but literally has zero effect on the fate of American commerce and the stock market. Any political based sell off should be bought with both hands and has been hitherto.

The Nasdaq closed +24, SPY flat.

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23 comments

  1. stockslueth

    That was great!

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  2. it is showtime

    False headline

    many more of these and this site becomes a shill for establishment wall st
    For any rational people reading this, The stock market is -masking- many problems underneath, It’s movement is not an indication of the negative or positive prospects of headlines, It has control mechanisms on it, And it moves monolithicly and internally in a much different way than normal-conventional reactions would have it

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    • moonshot

      When was Wall St. ever normal or conventional? The Great Depression?

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    • fryguy15

      This guy….

      You are a cheerleader, no stake in the game other than flashing your vagina. Be a man and play the game.

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  3. Dr. Fly

    Your theories are not relevant. All that matters is actual outcomes.

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  4. infinitezuul

    -Passed over for Treasury Secretary
    -Passed over for Fed Chair
    -Ignored on Trade

    What a loser. Losers have no place in Trump’s White House. Eliminating a loser is a de facto win, hence stocks.

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    • it is showtime

      That is really Animal Farm-like verbiage

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      • infinitezuul

        Just the facts, my dear man. Cohn is a loser with very fake teeth.

        You want to see Animal Farm verbiage? Check this out: http://www.breitbart.com/london/2018/03/02/judges-told-equality-favouring-minorities/

        “True equal treatment may not … always mean treating everyone in the same way.”

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        • sarcrilege

          black is white, up is down, marxist tyranny is tolerance

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        • numbersgame

          Breitbart? Maybe I should respond with an article from Huffington?

          “Fair treatment does not mean treating everyone in the same way: it means treating people equally in comparable situations.”
          Equal Treatment Bench Book – February 2018

          Note how Breitbart couldn’t even get the name of the document right. They called it the “Equal Treatment Guide” in their article. That’s some quality editorial work.

          For those that prefer to form an opinion rather than have someone else tell them what it should be, here’s the source: http://tinyurl.com/y7uh5csk

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          • sarcrilege

            422 pages of words. It does not matter what the written law is. It’s the interpretation of the law and precedents. A ruling of a marxist judge will oppose rulings of laissez-faire libertarian judges. Case in point -> constitution. There is no right to free speech if it offends a gender confused snowflake.

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          • numbersgame

            “It’s the interpretation of the law and precedents. ”
            I concur. And look at the way laws are applied to minorities and the poor (in the US).

            There IS a right to free speech, even if it offends anyone. You use that right every day on this blog.

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          • sarcrilege

            I really would like to know how that right to free speech would held up in California court of law presided by a politburo jewish bolshevik judge and the plaintiff being a mentally retarded jewish tranny sporting tits and small dick with empty scrotum where the accusation was that the very first tranny in the world was a Baphomet, the Lord of the Jews.
            https://tinyurl.com/y8obw4bt

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  5. jonnybegood2

    well obviously if the WH now exempts Mexico and Canada and ‘other countries’ (e.g. the EU) that is a lot different than what the Admin said a day ago, ergo the strong finish. And what will prolly be said tomorrow. I’m sure this will go back and forth. Lot’s of money for Admin insiders privy to the latest flips to come.

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  6. soupbone

    I suppose Cohn was going in anycase, and this curfuffal plays into that well enough. The tariffs are clearly negotiating tactics: nafta and china.

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  7. numbersgame

    Trump has been treated somewhat unfairly on the Steel Tariff. In particular, the press is reporting that he thought it up all of a sudden and just blurted it out. In reality, the Commerce Dept. has been working on a report for months. On Feb 16, they made the recommendations for tariffs.

    What’s more, here is what the DoD had to say (signed by SecDef Mattis):
    “DoD concurs with the Department of Commerce’s conclusion that imports of foreign steel and aluminum based on unfair trading practices impair the national security. ”

    If Trump follows the recommendations, then the celebration may be short-lived. The 25% was meant as a **global** recomendation. In lieu of that, an alternative recomendation is a tariff of at least **53%** on selected countries in Asia, South America, and Africa only. However, if Trump goes that route, I anticiapte that it will be harder to defenbd to the WTO and may be overturned (just liek Bush’s tariif)

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    • jonnybegood2

      the timing was ridiculous- of course he’s been ‘thinking’ (as that is possible for him)about the tariffs, but he caught his own administration of guard not to mention the markets. that’s like saying he is treated unfairly for his ranting treats because the ideas have been festering in his head for some time.

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    • the_wolf

      awww fuck off, trump talks out of one side of his idiot mouth, and then something different from the other side, back and forth, here and there, black is white, bullshit politics, its a fucking chaotic political circus of mentally retarded children running about spouting thoughtless bullshit, the only good politician is a dead one

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  8. moosh

    Ha, that fuck off Gary chart made me chuckle. Did twtr relax the suspension they put on Le Fly?

    So, coinbase is launching an index fund from what I hear? Gary quits and cryptos tank again…from all time highs since Goldman set up crypto desk, aroundabouts.

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  9. ferd

    Saw this on the IBC Twitter feed https://www.youtube.com/watch?v=rEJEzbmXztc&feature=youtu.be&a=

    ..the most important thing happening now is the always-wrong American neocons selling more war and showing their fealty to AIPAC as we speak.

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  10. nemesis

    Did Cohn and GS put out a hit on Le Fly?

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