DWAC! The Penny Drops For MAGA
As someone whose brain still works, I continually marvel at how anyone, much less tens of millions of Americans can have a positive opinion of Donald Trump. I do understand why someone might vote for a Hitler, but not why anyone would think that Trump is the Second Coming of Der Fuhrer. Hitler was committed to his awful agenda. Trump is committed only to Trump.
I keep thinking “Can’t you people see that he is lying?” Well, now they can. The Washington Post is not the only one who assigns numbers to falsehoods. The stock market does, too. As legendary investor Benjamin Graham said, all too presciently, the market is like a voting machine. One can only hope so, because Trump’s actual stock is sinking like a stone. His Media SPAC with the ticker symbol DJT (formerly DWAC) is falling daily. With any luck the price will soon be in single djts.
Most important, DJT is failing in plain view and in real time. Everyone on Wall Street knows that Truth Social, the only alleged “asset” of the company, is actually a money-losing liability, a presidential campaign masquerading as a corporation. People undoubtedly bought shares to help Trump, but every quarter the company will be obliged to publish its pathetic financials. Of course, only time will tell whether DJT actually complies with the time and…