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Economy

progree

(12,593 posts)

18. Me neither, until it broke the 20% down threshold to becoming a bear market

Reply to Hugin (Reply #17)

Sat Nov 15, 2025, 01:13 AM

Nov 15

I'm seeing that proclaimed in a couple of articles in the yahoo.finance.com page today.

It's all-time high in October was over $126,000. Right now as I post this, it's 96,277, down 23.6%

I've been reporting Bitcoin near the top of my OP each time I update anything, along with the 10-year Treasury yield. I'm not sure why, but a lot of people are interested in it. Actually, it's kind of against my "religion", given the amount of electricity and water that bitcoin "miners" consume. I read recently that just ONE Bitcoin transaction uses as much electricity as does the average U.S. household over 38 days (more than a month!)

I might buy the Bitcoin evangelists' argument that bitcoin's high value (still) is that they keep the bitcoin supply very limited. But there are all kinds of new cryptocurrencies being created and eventually the amount of money available from people willing to support this ever-expanding ocean of speculative crypto-investments will reach a peak. (And besides, rarity doesn't guarantee high value).

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Hugin

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Highlight:

S&P 500 closed Tuesday 11/25 at 6766, up 0.9%. ADP payrolls, retail sales, wholesale prices, consumer confidence [View all] progree Mar 2025 OP

Kicking for the milestone update - S&P 500's first close below the election day close. How major indexes fared: progree Mar 2025 #1

Kicking: update for Thurs. March 6 close. The "Trump Trade" is back underwater after losing 1.8% for the day (S&P 500) progree Mar 2025 #2

Kicking: Update: S&P 500 closed Friday at 5770, up 0.5% for the day but still below the election day close progree Mar 2025 #3

Update: S&P 500 closed Monday 3/10 at 5615, down 2.7% for the day and 2.9% below the election day close progree Mar 2025 #4

Update: S&P 500 closed Tuesday 3/11 at 5572, down 0.8% for the day, briefly fell into correction territory progree Mar 2025 #5

S&P 500 closed Wednesday 3/12 at 5599, up 0.5% for the day, but down 3.2% since election day progree Mar 2025 #6

Update: S&P 500 closed Thursday at 5522, down 1.4% for the day, and MORE THAN 10% down from the all-time high progree Mar 2025 #7

Update: S&P 500 closed Friday at 5639, up 2.1% for the day, and down 2.5% since election day progree Mar 2025 #8

Update: S&P 500 closed Monday at 5675, up 0.6% for the day, and down 1.9% since election day progree Mar 2025 #9

Update: S&P 500 closed Tuesday at 5615, down 1.1% for the day, and down 2.9% since election day progree Mar 2025 #10

S&P 500 closed Tuesday 3/25 at 5777, up 0.2% for the day, down 0.1% since election day, down 6.0% from ATH progree Mar 2025 #11

S&P 500 closed Wednesday 4/02 at 5671, up 0.7% for the day, down 1.9% since election day, down 7.7% from ATH progree Apr 2025 #12

We're nearing the top. Arizona78 Jul 2025 #13

Krugman Arizona78 Jul 2025 #14

Thanks for your updates in this thread, progree. Hugin Nov 6 #15

And thanks, I appreciate that 😊 And thanks for pinning /nt progree Nov 6 #16

I'm not seeing much financial ink out there on the dump... Hugin Nov 14 #17

Me neither, until it broke the 20% down threshold to becoming a bear market progree Nov 15 #18

"rarity doesn't guarantee high value"... Hugin Nov 15 #19