At least 3 ways to see the effects of the Financial Reform and the Wall Street Response:

[ithinkmyliverhurts]

1) Obama and Congress done real good; see how Wall Street has responded. They have their finger on the pulse of the economy and have done what's needed to give it what it needs. They are helping America. Look at how Wall Street has responded (Wall Street, I guess, equals America).

2) Ahhh, if Obama and Congress would just get out of the way, Wall Street would triple/quadruple the rally. Don't praise Washington; boo them. They've limited the explosive growth potential.

3) Grab ankles. Got it. Yay, 401K?

[Nite Owl]

1. Wall St is happy

C up 4.97% (Citi)
BAC up 2.8% (Bank of America)
GS up 3.61% (Goldman)
UYG up 4.78% (ultra financial ETF)

[dccrossman]

2. This argument doesn't make sense

All 4 of those companies are down significantly since mid-April.

So, overall, they must be sad.

See?

That doesn't make sense either.


The bill has issues because of the policies, not because of how the Wall St giants' stocks react to it.

[Nite Owl]

3. I've been listening to the

news on Bloomberg this afternoon during the market session and they are indeed happy about this bill. It was even said how they could get around the devivatives section, they weren't expecting this good of a bill.