# There Is Blood In The Streets Across The Stock Market

Page: https://stenobird.com/podcast/the-pomp-letter-3932923/there-is-blood-in-the-streets-across-the-stock-market
Text version: https://stenobird.com/podcast/the-pomp-letter-3932923/there-is-blood-in-the-streets-across-the-stock-market.md
Podcast: [The Pomp Letter](https://stenobird.com/podcast/the-pomp-letter-3932923)
Published: 2025-11-21T14:27:52+00:00
Episode link: https://pomp.substack.com/p/there-is-blood-in-the-streets-across
Audio file: https://api.substack.com/feed/podcast/179396092/6e7e5fa7501b9076ca1390ca49b8fcc9.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-pomp-letter-3932923/episodes/there-is-blood-in-the-streets-across-the-stock-market
Duration seconds: 229

## Resource

Today’s Letter is brought to you by Bitizenship ! You can now access Italy’s Investor Visa with a €250K equity investment into Bitizenship Italia, a Milan-based Bitcoin startup. Visa approval arrives first, investment happens only after authorization. The company operates with a Bitcoin-aligned treasury, non-custodial L2 staking, and clear redemption windows every 24 months. To date, Bitizenship has facilitated €25M+ in Bitcoin-aligned residency investments. A compliant, Bitcoin-native pathway into one of Europe’s strongest economies. Private placements now open. To investors, Baron Rothschild once said “the time to buy is when there’s blood in the streets.” And we saw nothing but blood yesterday across financial markets. The S&P was down 1.5%, Nasdaq fell almost 2.5%, and bitcoin was down about 5% over the last 24 hours. Those are big numbers for these assets to fall in a single trading period. Interestingly, the S&P 500 actually displayed some very rare price action yesterday. The Market Stats writes “S&P gapped up more than +1.5% today, then closed down more than -1.5%. Before today, this only happened in October 2008 and April 2025.” As I recently heard Chris Burniske say, this roller coaster goes both ways. And the index showed us that yesterday, but now we are left to wonder why we are experiencing such abnormal volatility? Alex Kruger explains that we had “Extreme price action [yesterday], equities selling off on extraordinary volume and no news. VIX up to 28.” You don’t see that often. No specific catalyst, especially not an obvious, catastrophic one, yet stocks are falling materially in a single day. But this volatility makes sense when you realize the Fear and Greed Index was sitting at 6 last night. I don’t know if I have ever seen the index that…

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