Watch for dead cats

Trump Media (ticker: DJT) closed at $26 yesterday, up 16% from its previous close. That might be an inflection from its precipitous decline. Or, it might be the start of a dead cat bounce. The future will tell.

My prediction is that this venture, too, will end up in court.

If a stock declines 69% from its top, then rises 16% from that point, what is its percent decline from its top? If you answer 53%, return your passing grade in high school algebra, and let someone else handle your investments. (The correct answer is 64%.)