Down goes the Dow

Yet:

Silver drops 28%+ in one single day.

No market manipulation going on there

You're so right.

Just heard this, minutes ago, on the news via NPR (radio).

npr.org

Measles is spreading fast in S.C. Here's what it says about vaccine exemptions

More than 550 people have contracted measles in Spartanburg County, S.C., in a fast-growing outbreak. Like a majority of U.S. counties, nonmedical exemptions to school vaccination are also rising.

Open link

Bill Gates, sans condom, unlikely to comments.

Bitcoin $78,400

"Mister Softee"

I usually take the price swings with a grain of salt, but.... that's appreciable.

My overall opinion on all of these fringe investment vehicles (if you can call them that) almost always boils down to not get involved with them if you can't handle unhinged swings of these magnitudes.

That's the take I keep seeing about things like this - people partaking, getting caught on the downside, and acting surprised.

Unexpected? Probably.

Surprising? Not really.

Crypto Bros taking it in the proverbial shorts.

That as well as everything else

I couldn’t disagree more on most things, especially the previous Administration run by a bunch of unelected bureaucrats imposing their socialist agenda.

You are ususally good at sniffing out scams and scammers but you sure missed with your support of this administration... regardless of how bad the previous one was.

Well in my view, allowing a senile Biden to be manipulated by unelected bureaucrats is a far bigger scam than supporting crypto bros. That said, I have called out Trump on this, and other things. Maybe you are similar to others here. Always posting along party lines.

In regard to sniffing out scams, the current Administration has exposed and stopped $Billions in fraud.

By the way, Bitcoin hits $70,700.

STIFEL WARNS BITCOIN COULD DROP TO $38K

Stifel says Bitcoin could fall to $38,000 based on past cycles, citing tighter Fed policy, slowing U.S. crypto regulation, shrinking liquidity, and heavy ETF outflows. Sentiment has sunk into “extreme fear,” showing waning institutional and retail interest.

Sure it could, maybe worse.

It is fresh in my memory, just a few years ago, bitcoin dropped from the then ATH of about $19k to a depth of $3.5k.

That is a loss of 80%.

A similar drop now would bring it to $24k.

So, yeah.

Really, the only questionable thing about all this is the credence of the FTC allowing ETFs and Trusts to facilitate the trading of crypto backed investment vehicles in the stock market. And yes, I have traded them, fwiw.

And the current administrations efforts to normalize it, of course.