It’s part of the jargon that was introduced as the new math wended its way through the high schools of the 60s. These words basically describe the behavior of mathematical functions that show a zero slope (flat) to negative (decreasing), and never a positive slope (increasing). Think of Trump’s Truth Social stock ticker DJT value over the last week or two.
I use the standard iPhone stock market tracking app to keep an eye on the major domestic and international markets as well as a few stocks that are in my 401-K portfolio. It’s mostly for fun because I don’t often trade stocks. Nonetheless, I decided to add the stock ticker DJT (Truth Social) to my stock watch list.
Now, let me say that I do not own any DJT nor do I intend to acquire it. In fact, people who do, other than DJT himself, need to have their heads examined. I added Trump’s stock to my watch list so that no matter how poorly my own holdings were performing, I could find some solace, if not delight, in the monotonically non-increasing price of DJT shares – schadenfreude, as it were.
We Americans are a curious lot. We love to create superstars – media sensations that we venerate, and the only thing that exceeds our adoration of these celebrities is our delight in their falls from grace – infidelity, divorce, addiction, and disgrace. Ah, the misery of the mighty is such a soothing balm for the masses.
Of course, the reality of DJT stock is that the people who will suffer from its ignominious end are the retail investors who have put their money into Trump’s worthless stock. Trump himself has invested nothing but his celebrity and rabid posts in DJT. He will lose nothing. He may even walk away with a few million for having let his investors use his name.
It’s a Trumpian tour de force; “heads I win, tails you lose.”