Screwball

Maybe don't have recalls to begin with. These are the people who decided putting an automotive fuel pump submerged in the vehicle gas tank was a good idea. And many other documented design cluster ****s in the highest order as well - not only in the automotive industry - all in the quest for profit. That's how it works - every day - all day. Office Space and Dilbert doesn't do it justice.

Some speculate the money out of the cryptos rotated into the IPOs, or some of it. I'm still amazed at the amount of money floating around in today's world, for lack of a better term. I don't think all this money is coming from things you can drop on your foot, so it must be created somehow. Debt would be my first guess. Debt is money - till it ain't.

Yes. IIRR, his pitch count wasn't bad up till that inning. Threw a bunch. He needed a breather and the could use it to make sure all were on the same page going forward. But I don't know the rules today, maybe you can only make so many visits. ADDING: best I could tell Skoob grooved the ones they hit hard. That's on him. But he did throw a bunch of high 90s and even one at 100 from the tv feed I had. That seems like a good thing as far as the wing goes. Not sure for who.

Like I said, interesting to watch. As noted above the semi's got whacked today. Chart porn of the NASDAQ. 3 month chart by day. Been on a rocket shot since the end of March, hitting a high of 27190.21 on June 1. Took a dip and back up not long after. Kind of volatile in the last week or so trading days. The yellow leftward arrow points at today and the big gap down. There is some support at 24980.38, and a very small gap at 24156.18. Two levels to watch if this continues to the downside. There is also a huge gap around the 22500 level noted by the yellow ellipse. Gaps always fill. BUT, this prick just printed (today) what the technical wizards over in Japan years ago call when they invented this stuff, an "inverted hammer." A bullish reversal candle signaling the market is going to change directions - and in this case - upwards. Fun stuff.

I didn't see this when I posted the above.

Today's chart porn, just for fun. SPCX or Space X. They IPOed on June 12. That would now give them 6 trading days in the market. This is a 1 hour chart which shows their entire trading history even though it says 30 days at the top. They opened around $150 on day one; first candle on far left. Dark is daytime, and the shaded area shows after hours. Notice after day two of trading, after closing at $192.43 that day, after hours trading shows the price shot to $229, while most are locked out of the market. That's a quick what, 20%. Giggle. Then it took a **** after the 9 pm euphoria, went goofy the next retail trading day sending it back up to $225 on day three. Since, it looks like a ball bouncing down the steps. Now $154 as I type this, close to the initial IPO price that nobody in retail or your 401k account paid. Everyone got front run on the jump at open and really paid around $161. So you got ****ed out of around %4.5 right off the get go, and are now underwater as they say. The Pigmen win again - imagine that. I think we should capitalize Pigmen. 🙂 And they no doubt charged you a fee. No kiss either. I don't know where this is going, but this is fun to watch. I'm bonding right now, this is all nuts.

Mr. Andrea Mitchell Notice the company as he was sworn in as Fed Chair;

He did a show after Cheers about how things are made (as I mentioned above) that got syndicated. I loved that show. I thought it proved he was not just a goofball when needed, but someone who understood the business and how to use it. Very talented guy it seems. The rest of the cast were also great in their own way. I got a kick out of Woody. He was a hoot. His dad was a hitman in real life. No wonder he was goofy. 🙂

I thought Cheers was a great show but I never liked Sam. The rest of the cast made the show. The mailman guy then did a show on how things are made after Cheers was done, FWIW. Him and Norm were a hoot. I think they even had a episode where Cliff was on Jeopardy. He was also famous for this hoot for beer drinkers;

For those of us who grew up watching cartoons - old cartoons... I remember the Wile E. Coyote and the Roadrunner war. Beep beep. Then there was Elmer Fudd. ""Be vewy, vewy quiet, I'm hunting wabbits" and "Why, you wascally wabbit!" as he tried to blow him away. Giggle. The sheepdog and the Wolf. I remember one episode where those two quit at the end of the day and punched a time clock. "See you tomorrow Ralph, see you tomorrow Sam." Too funny. That was long ago when that was normal punching a clock.

And Green Onions was in the soundtrack of another classic - American Graffiti. Another great movie soundtrack. Great movie too. Probably have to pay to rent that too.

I think they messed that car drop scene up too. I just read the other day how many cars they destroyed in the movie - 103. Too funny. As funny as it was, the talent in the soundtrack was off the charts cool. Who couldn't like Cab Calloway and arguably the greatest women singer in Aretha. I can only imagine what set was like everyday they made that movie.

Why would anyone believe these Fed ****s? They've been full of **** since Moby **** was a minnow. We have reached the point we follow dots (not aimed at you Del) so come the **** on. We all know what they are going to do. All the horse**** about Warsh. He's been in the system since 2006, nominated by Bush, worked under Bernanke. They are all the same bunch of BS spewing pawns of the system. Controlled by the banks, big money, and blackmail. They spew **** - we eat it up. Anyone who thinks the Fed ****s, the congress ****s, or the corporate America ****s gives one good **** about us - we the people - has their heads firmly planted up their ass. It's gonna be a bunch of fun when this whole **** house blows up. Tick, tick, tick...

Depending on what you go by, the Blues Brothers premiered in Chicago yesterday in 1980 and hit the box office on the 20th. One of the classics of all time. A buddy featured the soundtrack at his wedding. So many funny scenes. I'll bet if I wanted to watch it, even though it's 46 years old, I would have to pay. Spit!

Fox to buy streaming device maker Roku for $22 billion Don't know if this will be good or bad. I have a few Roku's and like them for what I use them for. I stream everything and use the Roku or a hacked Firestick. If they try to charge me I'm done.

The numbers are staggering. Trillions. That's a lot of zeros. Just for fun I asked Grok The math probably maths. One has to wonder where it all ends.

Boxcar Willie at the Hollow Inn, Cornhole, Ohio, circa 1980s. The hobo singer. Little dive bar in the middle of nowhere and a good place to get beat up. Place was packed. Entertaining inside and out. He put on a great show. Had a nice career as it turned out. We survived. Only one I ever been to.

Driving in Boston? Who would want to? I've driven in a lot of big cities and I think Boston was the worst of the worst. Got stuck in the loop (if you call it that) downtown and couldn't get over to exit and was stuck doing about 10 laps until I could. Of course that was the wrong road, but I got out. I was trying to find a truck dealership on Beacon St. I was lost so I gave up. Came up to a toll booth and paid the guy a buck or two and asked where was Beacon St. was. He said, you just got off of it. Really, how do I get back on? Do a u-turn he says. Right, a u-turn across 3 or 4 lanes of traffic? Everybody else does he says. So I did. Of course I had to go through the toll both on the other side. Guy wanted two bucks and I said I just paid over there. That's over there, and this is here, give me the two bucks. OK. What a mess the traffic was. That was years ago during the "big dig" so that probably didn't help. The taxi ride to the airport was a hoot too. I think the guy ripped me off big time. I didn't care since it wasn't my money and a neat way to see the city without having to drive.

I'm sure everyone is on pins and needles to see Space X IPO debut today. Trading on the NASDAQ under ticker symbol SPCX it finally hit the tape at 11:46 am today. Price started at $135.00 but quickly the market took over. The broader market is trading at +299 on the Dow, +27 on the S&P, and +40 on the NASDAQ. Space X at $166 as I type this.

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;