Menu Close

Wall Street Bureau of Standards Calls Bitcoin One Day Bear Market

Well, it was down 20% at one point today (Saturday). CNBC says that a 20% decline is a bear market. All the other outlets have picked up on that, so that since “everybody” agrees it must be a fact. What CNBC says is the Law of Wall Street, or the LOWS.

Also note that when CNBC brings on the bears for interviews, it’s a bottom. They like to scare the shit out of people at the worst possible time. But when the market is making a top, nary a beary in sight.

Join the conversation and have a little fun at If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Follow by Email