Screwball

Pretty good and free article from IBD on NVDA; DeepSeek-Driven Crash Makes Nvidia Investors Face 8 'Secrets' Of Selling. No. 2 Is Key.

Willie Mosconi the great player was the billiard/pool consultant, and also had a cameo roll. The boxer (middleweight champion) Jake LaMotta was the bartender. I have read Gleason did many of his own shots as he was a very accomplished player. You can tell he spent quite a bit of time on the table by the way he held the cue stick.

NVDA is down almost 17% as I type this and has went from $140+ last week to $118 right now. Ouch! There is a little resistance around 114, but if it goes through that looking around 101. The next hard resistance is around $97.4 where a gap filled back in August. Gap was from May.

What freaks me out is all this power in the hands of idiots, and we have no shortage of educated idiots.

I want to know who bought tech and MAGS puts last Friday. Someone always knows. Guessing the Deepseek guys were short.

The Color of Money is actually a sequel to the 1961 movie The Hustler with Newman and Jackie Gleason who played Minnasota Fats. Newman played "Fast" Eddie Felson in that movie too. It was a good flick too.

Tech is getting hammered. NVDA down over 12%, MAGS down 2.7%, and the NASDAQ almost 2.5. They are all working their way back up so this doesn't look too serious at this time. Bonds were bid but they are now coming back some as well. Good, I have some bills to buy tomorrow.

I suppose I watched that at some point. Was never a Arnold fan, but I get the point. 1984 fits too. Giggle... They have been working on robot people, dogs, whatever, for quite some time. They are a machine and they are trying to now teach them to think. Once they get good enough, the possibilities are endless. Then all you need is to fit'em up with killing devices. Probably great a crowd control device. Where does it all end. Not 1984 or the terminator, but another warning from a smart dude back in 2000. Bill Gay, founder and chief scientist of Sun Microsystems wrote an article for Wired magazine called Why the Future Doesn't Need Us Very long and interesting read. I was in IT around then and used a Unix Sun station. Even talks about crazy Teddy K the Uni b o m b e r guy. <-- Waves to the spooks. 🙂

I'm old enough to remember the days before computers. I was in IT, engineering, CAD, etc. at a high level through the entire transformation. This AI stuff scares the **** out of me.

Entertainment is the proper word. Trump can jawbone at Powell all he wants and Powell and the FOMC will do whatever the **** they want, like they have done since forever. Including puking out a bunch of BS to keep the keyboard Paul Volcker's busy trying to sound smart, and politicians in general look stupid. Bankers are the smartest people in the room. Someone even wrote a book about it. 🙂 Powell is there until June of 2026 I think. There is no here, here.

**** the banks. **** On the inflation thing. The Fed can't control it, and the government doesn't measure it correctly. The rest is BS.

On the contrary. Dimon the pig (no argument there) worries big time about inflation. Why? Because his bank makes a killing on it. From a week ago from CNBC; He is probably the most powerful banker in the world, and has been for quite some time. He was buds with Barry O. Did Obama give Jamie Dimon presidential cufflinks? JPMorgan Chase boss shows off inscribed set at senate banking committee His bank and the other criminal banks that blew up the financial system in 2008 got bailed out to the tune of trillions (with a T (front door and back door)). Imagine that! These people (Wall Street banks) own DC, including Trump and every President before him, including St. Obama, the biggest bank whore in the history of bank whores.

I've been doing short term stuff with everything. Just did some things the other day. I found some really good corporate bonds, but their ratings were at the bottom end of the safe zone. I'm pretty chicken ****. ON EDIT: I bought the safe stuff.

There are tons of examples of going public with bad business plans. It's part of the game and makes Wall Street rich. The buybacks make the big wheels a bunch more money than the people holding the same stock. More money, and in options (leverage). A giant scam of trickle up. NFLX is a stock near and dear to my heart. True story. March 6th, 2009 (not looking it up but I'll bet I'm close) when the S&P hit 666, which turned out to be the bottom of the market after the bankers blew up the financial system. The next trading day I bought NFLX and BIDU. I rode them for some nice gains and pulled the rip cord. If I would have left the NFLX trade on the table it might be worth millions today. The market is a whore. ON EDIT: I checked this. Yep, millionaire. A two grand grand investment gets you 1.25 million, and that only the last 30 years. Spit

And a $15 billion stock buyback. Holy give the CEO a raise Batman.

NFLX reported earning after close today and killed it. Up over 10% AH. And of course shortly after:

I haven't been at a multi-national for over 7 years and I can only imagine how f'ed up it is now. It was an utter circus back then. Office Space (the movie) and Dilbert (the cartoon) didn't do it justice. We had a saying; the only way this place could get anymore ****ed up is if it got bigger.

How things have changed over the years is nothing less than amazing. When I grew up people made a living making things with their hands. The old world was much more labor intensive and more people needed. Things changed with technology. First the computers which could do math thousands of times faster than we could, which later brought on the internet and the ability to globalize that labor. It started with the blue collar jobs (I lived though NAFTA) and eventually got the white collar jobs too. You mention CAD. I remember the days things were made by paper drawings, drawn by talented engineers and draftsmen. They used a table, mechanical arm, and a calculator (or slide rule). We had cars, appliances, bridges, buildings back then - using paper. Then computers came along and many of those jobs were gone. CAD systems changed the game big time. Where will it go next? I don't know. Where does the human factor get replaced by technology? Maybe the same place the computer people had trouble, and still do - junk in, junk out. AI can (maybe) design a really cool part/assembly/machine - but can it be made - and at what cost? Then again, after 35 years in corporate America, I never understood how they made anything to begin with.

There is no good task for the AI guys to work on.

Yep, that's the place. Tony Stewart has made quite the name for himself.

Isn't the tariff thing about bringing jobs back here? Tariffs are are inflationary for the American people, bottom line. It's about the message. They use Tariffs as an issue to help sell bringing manufacturing back here. Easy sale. I watched (and helped) it go global since 1994 and it will take many years to bring it back, even if that is possible at all. Add robotics and AI to take more jobs and WTF are we going to do?

I forgot the chart porn;

I've been to Fort Wayne many times for various reasons. Are you familiar with the Allen County War Memorial Coliseum? I haven't been there, but they had a dirt track race there last month. That would be cool. I'm about 2 1/2 hrs away.

Markets were closed today but futures opened at 6. Looks pretty tame, but a blip around 7:49. Nothing to see here. The market will not crash tomorrow.

It would take about 2 minutes and you would have it coming. I'm not defending people with vulgar signs. I have a problem with assuming all people are like that, they are not. But then again, I am at fault for arguing with a clueless unhinged 8 year old.