Screwball

No. Funny. I talk to a buddy every night who, like me, started out as a mechanic back in the late 60s early 70s. We could fix our own cars. Not now, that ship sailed years ago. Special tools, fuel pumps inside gas tanks, starters under the intake manifold, batteries under the back seat, and every piece on the car that can be saved, cheapened, or made so it's easy going down the assembly line, they will do. You can't work on them and they don't want you to. I'll bet I could still get around in my 1979 souped up Chevy C10 pickup if I didn't break a telephone pole with it. Probably couldn't buy gas for it today.

The "small block" Chevy was arguably the best engine ever produced. It certainly made an impact on racing, and still does today. 900 hp engines in dirt track sprint cars based exactly on the old small block. 18436572 Firing order since day one.

Great article. I remember so many of those cars. When you make a whole bunch of something, you are bound to have some issues. That's part of engineering, manufacturing, and production. You can't **** up too many times when you make gazillions of them. Some might call it Cpk. I still don't know how we made the **** we made because corporate America was a giant cluster **** inhabited by inept ass kissing dreamers who's first goal when walking into a room was to find a mirror. Good thing us foot soldiers who flew under the radar limited the damage best we could. And they breed...

Chart porn needed. 6 month S&P. Yellow horizontal lines are from before this chart, the little yellow arrow way on the left pointing down is the last rate cut. All three main indexes look similar by chart porn standards. Of note, there is a huge gap to be filled down around the 6740 level. As I type this the futures are up a tad.

This might fit here. First: Sunday Socials - from Wyandotte, MI page of some sort. The schedule is in the links, but the June 14: Ultrasonik – Leave Those Kids Alone band is really kick ass. Bunch of young kids.

NASDAQ - high at 9:49 then...as the heat map above shows;

Here is the complete documentary minus the outtakes (which were great) Youtube (runtime 1:17 minutes); Floored

In that documentary they talked about a rule that if you hit someone on the trading floor you were fined like 300 bucks. A guy knocked someone on their ass, threw 300 dollars on his chest and said when he gets up I'm going to hit him again. A wild breed for sure.

Makes sense.

Just for fun. Youtube video. Trailer for a documentary made in 2009 about the floor traders in Chicago. Also how the computers replaced them. Our markets at one time traded in fractions. Chicago and NY had the big trading floors. Hand signals to buy and sell back in the day. Wild stuff. Once the computers took over... Great book by Michael Lewis of Moneyball fame. Flashboys - link to AMZN. Flashboys - AMZN All about how the tech and computers found more advantages to skim money. Probably back when the movie Wall Street came out (87, looked it up) they were trading in fractions and on the floor using hand signals. Flashboys came out in 2014ish. He documents the incredible progress of the tech. And that was a long time ago...

At some point do we have to wonder if AI is running the markets? High frequency trading, access for latency, packet sniffing, dark pools. The smartest guys in the room with 20 year old technology now turned over to our old buddy AI. What could possibly go wrong?

Chart porn from the beginning of the year. INTC went vertical in March it looks like. Have no clue why. There is a HUGE gap that will eventually fill. Giddy up!

I checked the futures not long ago. All good. That could change when the sun starts coming up.

I went to a few horse tracks in Ohio. Buy your tee shirt first. I bought a lottery ticket that paid 20 bucks and that was more than I made off the ponies. 🙂 Fun time though. I worked with a vendor that was a huge race horse fan. He would call to have me help fix stuff and while we did that he would talk about horses. His wife almost divorced him because of it. He was that fanatical. He wanted to bet his house on a race that he knew this horse was going to win. The odds were enough to matter, let's put it that way. She told him if you do that - you are toast. He didn't. The horse won. That still pisses me off he would say. Too funny.

Chart of the day as the market had a sad day - especially the NASDAQ. Down 1121 point by my chart porn. One of the most popular tech/chip ETFs got hammered as well (down 9 percent). SMH. Link below to their info page. SMH VanEck Semiconductor ETF