Trump’s Truth Social’s multi-million-dollar valuation defies logic, some analysts say. 

“No shit,” says Garrett Baldwin in his March 26 issue of Postcards from the Florida Republic.

He goes on…

“Is Truth Social ‘expensive,’ ‘overvalued,’ and ‘divorced from fundamentals?’

“Damn right it is, but this isn’t a ‘Trump’ thing. It’s the truth for a huge number of public companies, particularly in Wall Street’s darling tech sector.

“What you say about Truth Social, you could also say about Nvidia (NVDA), Tesla (TSLA), or pretty much any of the so-called ‘Magnificent Seven.’

“There’s a huge problem with valuation issues in this market…”

I think Garrett is right. There is a frenzy of exuberance among stock investors about certain sectors of the stock market, including cryptocurrencies and anything related to AI. At the same time, there is a massively growing interest in trading – even day trading – that is making me and other conservative investors nervous.

You can read the rest of what he says here