Hey, how about a post that has nothing to do with Tesla?

We supposedly live in a trading world in which milliseconds matter, but it seems to me that plenty of major events take eons to flow through the system until people actually do something. Take Adani, for example, the zillionaire from India with massive business interests. Hindenburg Research – – personal heroes of mine – – issued a scathing report which I reported on the day it came out here. Only now is his world completely blowing up. Good.

Surely you’ve read by now that Google is going to can 12,000 people. Incredibly, that is a mere 6% of its worldwide workforce. I have no idea what these people do. Honest to God, Google to trim down to 500 people total, and virtually no one would be able to tell the difference. Sure, new product development would slow to almost nothing, but I’m sure we could all live without Google Wave or anything else they dreamed up.

Looking at the chart below, Alphabet’s wipeout was stopped hard at its life-long ascending trendline. On the other hand, those red circles show the steady beat-down of lower highs. I suspect this rally is over as of just about………….now.

It’s always amusing to me when a stock skyrockets on word that the company’s CEO is departing. It must be bittersweet for the guy, because he sees his wealth roaring higher while at the same time the planet is celebrating his departure. In any case, NFLX earnings are out, and the market doesn’t seem to know quite what to do with the information yet. I have no position, so I’m just an amused bystander.