S

I love my wife, airplanes, the ocean, and motorcycles in no particular order. Work in tech, so I trade elsewhere.

[S @flynavy99]

Miraculous…I call and after 30 mins and a call to the skymiles desk they say “he’s on the list what’s your problem” and I appeared. Miraculous. Also; I have called about this half a dozen times over two years…no record until today…half a dozen IT tickets. No change….

[S @flynavy99]

@Delta I've been a Diamond for two years and already have it for next year. I spend six figures on the card and buy 2-3 tickets a month for me and several per year for family..and my profile is SO broken. I have been working on this problem for years and I am out of patience 🧵

[S @flynavy99]

I’m checked in and didn’t pay for first in this leg. There were 6 open seats, now 1…never considered and still not even on the list.

[Matt Grimm @mttgrmm]

Most founder and VC types love to publicly celebrate the wins, the product launches, the major milestones... And fair enough! Building new hard tech is indeed incredibly rewarding when things work. Anduril does plenty of celebrating!

But what doesn't get talked about nearly enough is how often things *don't* work. Every company building rockets, aircraft, engines, missiles, drones, or any other difficult tech has LOTS of days where something doesn’t work, when a test goes badly, when you thought you got it juuuuust right but womp, not so much. Those days suck, but they are also inevitable on the path to success.

Well, Friday was one of those days for Anduril.

A solid rocket motor exploded during a test fire at our factory in Mississippi. Most importantly, no one was hurt. The safety systems worked exactly as designed. The team responded exactly the way they've trained to, and damages to our test stand were minimal. By the end of the day everyone was already focused on understanding what went wrong and getting ready for the next test. There's a reason for the cliché "not rocket science" -- because rocket science is actually quite difficult! Friday's test failure is just one example of why.

Development testing exists to answer difficult questions before the design goes into production. Obviously we aim and hope for successful tests, but just as obvious, every test failure gives us data. Every anomaly improves the next design. Every test, in the long run, makes the program stronger. Even if Friday sucked (and it did), we take a deep breath and move onto the next one. We'll be back to test firing rockets within weeks.

Anduril is continuing to build and test rocket motors weekly, and the production facility remains on schedule. Disciplined iteration begets steady progress, and we're already putting the pieces of our test stand back together for the next test.

Onwards.

[S @flynavy99]

@HashemiNoosheen that's not a pic of a corsair, that's a GARC

[S @flynavy99]

@GrindeOptions It’s been in a recession almost depression for seveeal years and the AI bubble and Oil along with inflation isn’t sustainable anymore? Maybe it’s me

[S @flynavy99]

@dividendology

[S @flynavy99]

@financedystop @grok what is the whole list?

[The Great Martis @great_martis]

Ladies and gentlemens, dignitaries, celestial and extraterrestrial beings… Behold the double whammy now staring us down.

The majestic Shiller PE Ratio now sits at 41.8 locked at the same lethal stratosphere the Dot-Com bubble hit right before its 2000 apocalypse. That brief spike to 44 was the final blow-off top.

We are already entrenched there.And that’s only half the horror.

The Buffett Indicator has completely obliterated 2000 valuations, exploding to over 230% of GDP the highest reading in history, dwarfing the Dot-Com peak.

This isn’t elevated. This isn’t rich.
This is full-blown, lights-flashing, sirens-blaring bubble territory on steroids the kind that ends in financial carnage.

The charts don’t lie. We’ve seen this horror movie before.

The last time these twin monsters aligned at these extremes, the market didn’t correct… it face-planted from orbit in spectacular, soul-crushing fashion.

While the bulls keep dancing like it’s 1999, both indicators are howling the same terminal warning from 2000 only this time amplified by raging inflation and 1,000 times more debt suffocating the system.

This party has a hard expiration date.

And the hangover will be epic, brutal, and legendary.

Stay vigilant.

Schiller PE. Ratio

[Peter Mallouk @PeterMallouk]

By almost every metric, U.S. stocks are expensive. Chart from Charles Schwab.

[S @flynavy99]

She knew and believed the whole race. So good.

[Breaking911 @Breaking911]

WATCH: Video of Cherie DeVaux, trainer of Golden Tempo, shows her reaction to winning the Kentucky Derby

[S @flynavy99]

Legit. Nice work SWA. Congrats Captain.

[Turbine Traveller @Turbinetraveler]

There is still good left in humanity.

Captain Jon Jackson was supposed to take his final retirement flight with Spirit Airlines today. But after Spirit's shutdown, he instead found himself as a passenger on a Southwest Airlines flight into Baltimore.

What happened next was truly special. Capt. Jackson was honored with a traditional water cannon salute and a surprise welcome celebration at the gate.

This is a powerful reminder that the aviation community is built on respect, compassion, and solidarity—especially when it matters most. Above all, this moment was about honoring a fellow aviator.

Congratulations, Capt. Jackson, and thank you for your years of service in the skies.
Well done Southwest Airlines 💙

[S @flynavy99]

@washghost1 https://t.co/E4ymbbIwKl

[S @flynavy99]

@StealthQE4 Bearish but sick of being disappointed

[S @flynavy99]

@StealthQE4 There were thousand Point drops on the regular during the 2020 crash. This drop gets us back to Friday…

[Patient Investor @patientinvestor]

Howard Marks:
"When you buy the S&P 500 at a 23x P/E, your 10-yr annualized return has always fallen between +2% and –2%, IN EVERY CASE, EVERY CASE!"

[S @flynavy99]

@miami_rick I can't figure a usage for heading up to save my life...