Shares in Donald Trump’s social media outlet, Trump Media, have lost about 41% of their value in just three days, based on slowing expectations about the former president’s re-election prospects. The shares, which trade under the ticker “DJT”, have become a barometer of how traders think the presidential election will turn out. The company’s shares, which quadrupled in value between 23 September and Tuesday’s closing bell, from $10.3bn to $5.9bn, have been extraordinarily volatile all year. Despite a relatively tiny user base, at one point Trump Media was briefly worth more than Twitter. George Kailas, CEO of Prospero.ai, explained that this is typical behaviour for a meme stock.
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As I witnessed the recent global stocks rout and subsequent bounce-back on Wall St, I couldn’t help but marvel at the speed at which the market fluctuated. The real reason behind this sudden sell-off, as some sources indicated, was Japan raising their interest rates, leading to margin calls that forced big money players to sell stocks to cover their losses. It’s fascinating to see how interconnected the global financial system truly is.
The fact that the US stock market managed to recover so quickly shouldn’t come as a surprise. It goes to show that perhaps we shouldn’t be quick to panic over a single day’s movement, especially for those of us with long-term investments like 401ks that are decades away from retirement.… Continue reading
I woke up this morning to a barrage of news alerts about Japan’s stock market taking a colossal plunge of 4,451 points, surpassing the infamous Black Monday crash of 1987. The Nikkei Stock Average recorded its worst-ever daily sell-off, closing down 12.4% at 31,458.42. Panic selling ensued, triggered by fears of a looming U.S. recession and the yen’s unexpected surge in strength. As a resident in Japan, it’s concerning to witness such a drastic decline, especially when compared to historical events like Black Monday.
The recent market turmoil has been exacerbated by Japan’s Bank of Japan raising interest rates to 0.25%, a move that caught many investors off guard.… Continue reading
I can’t help but chuckle at the irony of the situation. For years, during Trump’s presidency, Fox News and Trump himself would boast about how great the economy was based on the performance of the stock market. The Dow Jones hitting record highs was seen as a sign of economic prosperity and success under Trump’s leadership. But now, under President Biden, the same Fox News that championed the stock market as the ultimate indicator of a strong economy is singing a different tune.
American stock indexes have soared to record highs, with the Dow Jones closing above 40,000. This achievement goes against the narrative that Fox News and Trump pushed, claiming that such highs were impossible under Biden’s administration.… Continue reading
The Dow Jones Industrial Average has crossed the incredible milestone of 40,000 for the first time. This achievement is certainly impressive, but it raises many questions and concerns about the state of the economy and the well-being of the average American. As I look back on my own investing journey, starting almost a decade ago when the Dow was at 17,000, I remember how people were predicting a crash at that time. It seems that the fear of a market crash is a constant undercurrent in discussions about the stock market.
It’s concerning how the stock market is often used as the sole benchmark for the success of the economy.… Continue reading
It’s mind-boggling to see how the stock market can be manipulated to benefit one individual at the expense of countless others. The recent news of Trump being awarded millions more shares worth billions after hitting price benchmarks raises serious concerns about the integrity of the financial system. The fact that this company is valued at over $5 billion, despite reports showing a mere 600k monthly users on Truth social, is a clear indicator of market manipulation at play.
The SEC needs to step in and investigate this blatant case of market manipulation. The idea of a foreign government funneling money to a presidential candidate raises serious ethical and legal questions that cannot be ignored.… Continue reading
Every time I buy more, the price drops more – a sentiment echoed by many Truth Social backers who are now left scratching their heads at the stock’s dismal performance. The internet is abuzz with mocking comments and cynicism surrounding the failed investment, with some even questioning the sanity of those who believed in the venture in the first place. The Truth Social debacle has become a cautionary tale of blind faith in a brand, a person, or in this case, a stock.
The stock market is a volatile beast, influenced by a multitude of factors ranging from market trends to company performance.… Continue reading
Trump being booted off Bloomberg’s Billionaire list after the Truth Social stock price dive is a clear indication of the fragility of wealth that is merely on paper. The fleeting nature of his supposed billionaire status highlights how easily manipulated and inflated values can be. It’s amusing to witness the rapid downfall of a self-proclaimed “billionaire” whose fortunes were built on shaky ground.
The rollercoaster ride that Truth Social’s stock price has taken, soaring to unrealistic heights only to come crashing down, showcases the dangers of overvaluing companies with questionable financial foundations. It serves as a stark reminder that truth and transparency are crucial in the world of business, and any attempts to deceive investors are inevitably met with consequences.… Continue reading
As I sit back and watch the news unfold, it’s becoming clearer by the day that Trump’s latest venture, Truth Social, is spiraling down a familiar path of failure. The echoes of his past dealings with Trump Hotels and Casino Resorts ring loud and clear, with a track record of losses and bankruptcy. Yet somehow, amidst the chaos of it all, Trump seems to be coming out on top, at least in terms of wealth accumulation. How is it that a company with zero fundamentals can hold any value on the stock market, let alone be considered a legitimate business venture?… Continue reading
The S&P 500 closing above 5,000 for the first time has been met with mixed reactions. While the article frames it as a positive development, the sentiment in the comment sections appears to be more doomy. This divide in perception reflects the deep disparities among the people, creating a sense of dystopia.
First, I couldn’t help but sympathize with the commenter who mentioned their upcoming lease renewal. As someone who struggles with paying rent myself, it’s disheartening to feel detached from the successes of Wall Street. The article may celebrate the achievement, but for many of us who can barely afford groceries or rent, it feels like a distant victory.… Continue reading
John Q. Hosedrinker 
Matt Underwood