Updated, by 6 am EDT — the stonk futures quote is already trimming its sails. Now below $46. End update.

In the grand scheme of things, it is only the rubes getting fleeced here, but even so — I’ll note it for the record.

Some outlets are implying that this is NASDAQ pre-market trading (speculative, in its own right) — when in fact these are Asian futures changing hands.

And to be certain, that is a “meme on meme” price. [Simply casino gambling — but rigged for the house.] One such rag puts it thus:

…It might also mean looser regulation for hot-button topics ranging from higher tariffs to climate change to cryptocurrency, and regressive taxation — especially if a so-called “Red Wave” materializes….

Trump Media & Technology (NASDAQ:DJT), which is known for its meme qualities and can follow Trump-related developments, also soared 71.5% to $50.95/share….

It may take a week or so for the dust (and ketchup) to settle, but DJT will continue to post vast losses — when it discloses Q2 in a few weeks, and it will fall back well below $20.

You’ve been warned: in our opinion, this is… a classic pump and dump scheme — (Tangerine backer-engineered!) of the most despicably cynical sort. On second thought, maybe we should call it a Pump & Drumpf. Onward.

नमस्ते