Way Back Wednesday – 60 Years of Life on Earth

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Phil LightedI’m 60 today!  

Sadly it’s the end of my 60th year and not the beginning of it – but that’s how birthday’s work, they are anniversaries that celebrate the fact that you made it through another year.  My daughters are 23 and 21 and I want to impress upon them, and you, how much has changed in such a short portion of human history.   

It is only by looking back that we can clearly see what lies ahead:  

1963:

1964:

1965: 

1966:  (I apologize but Bing seems to output random formats each time): 

  • Social: The year 1966 saw the rise of various social movements and protests in the United States and around the world. Some of the notable events include the Black Panther Party’s founding in Oakland, California; the National Organization for Women’s formation in Washington, D.C.; the anti-Vietnam War demonstrations at the University of California, Berkeley; and the Cultural Revolution in China. The year also marked the debut of popular television shows such as Star Trek, Batman, and The Monkees.
  • Technology: The year 1966 witnessed several technological innovations and achievements in various fields. Some of the examples are the launch of Luna 9, the first spacecraft to soft-land on the moon; the introduction of the first handheld calculator by Texas Instruments; the development of ARPANET, the precursor to the Internet; and the invention of Kevlar, a synthetic fiber with high strength and heat resistance.
  • Political: The year 1966 was a turbulent one for politics in many countries. Some of the major events include the resignation of British Prime Minister Harold Wilson and his replacement by Edward Heath; the coup d’etat in Ghana that ousted President Kwame Nkrumah; the outbreak of the Nigerian Civil War between the federal government and the secessionist state of Biafra; and the escalation of the Vietnam War with increased U.S. military involvement and casualties.
  • Consumer goods: The year 1966 saw the emergence and popularity of various consumer goods and trends. Some of them are the release of Barbie’s boyfriend Ken doll by Mattel; the introduction of Gatorade, a sports drink invented by University of Florida researchers; the debut of Twister, a game that became a sensation among young people; and the popularity of miniskirts, a fashion item that symbolized youth culture and sexual liberation.

1967: 

  • Social: The year 1967 was marked by social unrest and cultural change in many parts of the world. Some of the notable events include the Summer of Love, a countercultural phenomenon that celebrated peace, love, and music in San Francisco; the Six-Day War, a conflict between Israel and its Arab neighbors that reshaped the Middle East; the Detroit Riot, one of the deadliest and most destructive urban riots in U.S. history; and the Thurgood Marshall’s confirmation as the first African American Supreme Court justice.
  • Technology: The year 1967 saw several technological breakthroughs and achievements in various fields. Some of the examples are the first human heart transplant performed by Dr. Christiaan Barnard in South Africa; the launch of ATS-3, the first satellite to transmit color television signals; the development of the first handheld electronic game by Mattel; and the invention of the first ATM by John Shepherd-Barron in London.
  • Political: The year 1967 was a turbulent one for politics in many countries. Some of the major events include the assassination of Che Guevara, a revolutionary leader and icon, by Bolivian forces; the devaluation of the British pound sterling and the resignation of Chancellor of the Exchequer James Callaghan; the referendum on Quebec’s sovereignty that resulted in a majority vote for staying in Canada; and the adoption of UN Resolution 242, calling for a peaceful settlement of the Arab-Israeli conflict.
  • Consumer goods: The year 1967 saw the emergence and popularity of various consumer goods and trends. Some of them are the release of The Beatles’ album Sgt. Pepper’s Lonely Hearts Club Band, widely regarded as one of the greatest albums of all time; the introduction of Pringles, a brand of potato crisps with a distinctive shape and packaging; the debut of The Jungle Book, an animated film by Walt Disney based on Rudyard Kipling’s stories; and the popularity of mood rings, a novelty item that changed color according to body temperature.

1968: 

  • Social: A year of turmoil and change in the United States, marked by the assassinations of Martin Luther King Jr. and Robert F. Kennedy, the Vietnam War’s Tet Offensive, the Civil Rights Act of 1968, and widespread social unrest. The civil rights movement gave rise to combative and angry black power advocates, while the feminist movement and the sexual revolution challenged traditional gender roles and norms. A generation gap emerged between young people and their parents over values, lifestyles, and politics123.
  • Technology: A year of scientific and technological achievements, such as NASA’s Apollo 8 orbiting the moon and Boeing’s 747 jumbo jet’s first flight. Television became the dominant medium of communication and entertainment, with color TV sets becoming more affordable and popular. The birth control pill enabled new sexual freedom for women. ARPANET, the precursor of the internet, was developed by the Department of Defense123.
  • Political: A year of political upheaval and uncertainty, as President Lyndon B. Johnson announced he would not seek reelection amid growing opposition to his Vietnam War policy. The Democratic Party was divided between anti-war and pro-war factions, while the Republican Party nominated Richard Nixon as its presidential candidate. Nixon campaigned on a platform of restoring law and order and appealing to the silent majority of Americans who felt alienated by the social and cultural changes of the decade. Nixon narrowly defeated Democrat Hubert Humphrey and independent George Wallace in a close election123.
  • Consumer goods: A year of consumerism and innovation, as Americans enjoyed a high standard of living and a variety of new products and services. Some consumer goods that became popular or were introduced in 1968 include smoke detectors for home use, Kentucky Fried Chicken, Barbie dolls, color television sets, microwave ovens, cassette tapes, video games, and personal computers.

1969 (Mets!): 

Microwave ovens?  (I have decided to comment at the end of each decade)  I don’t remember them until the late 70s.  I guess there’s a gap between inventing and in your kitchen.  I had to check on Computers and yes, Honeywell released the H316 “Kitchen Computer” for $10,600 – apparently it was more like a concept car – never happened.  

So I’m 7.  We had a black and white TV in the living room and that was it.  Nobody really watched it but me anyway.  I loved the Partridge Family, Columbo, Pink Panther, Spider Man, Speed Racer (who was also Kimba!) Sesame Street (not Mr Rogers, NEVER the Electric Company or Zoom), Laugh In, Dragnet, the Brady Bunch, the Odd Couple, Twilight Zone, I Love Lucy and the Honeymooners.  

I know I had lots of Hot Wheels with tracks and everything.  I had Lite-Brite and Etch-A-Sketch which I would endlessly play with.  Mostly I read books (can’t see how I had time with all those TV shows) and I wasn’t into sports yet but climbed every climbable tree in the neighborhood.  

We saw every movie (my Parents’ friend owned a theater) – even ones I was probably too young for.  I loved science fiction.  My prize possession was a Close & Play and my first records (thanks Mom) were “Sugar Sugar”, “Down on the Corner”, “Proud Mary”,  “Crocodile Rock”, “Rocket Man”, “Coconut”, “The Night Chicago Died”, “Ruby Tuesday”, “Jumpin Jack Flask” “Joy to the World”, “Bad Moon Rising”, “I Can See for Miles”, “I’m a Believer”, “Hey Jude”, “Lady Madonna”, “Mrs Robinson”, “Bridge over Troubled Water”, “Born to be Wild”, “Magic Carpet Ride”, “Aquarius”…  Very eclectic.  My brother liked kids songs but I never did – too much repetition – though I sang this song to my kids well over 1,000 times:  

Remember hiss?  That and skips and scratches.  This is why I ran out to get the first Sony Discman for $500 (my car was $800) – music was always a huge part of my life (I had a Nakamichi tape player too!).  Then I joined Columbia House about 20 times to build up my disc collection – but that’s a story for the next decade… 

1970:  I Think I Love You (these are my favorites at the time)  

  • Social: The first Earth Day was celebrated on April 22, 1970, raising awareness of environmental issues. Source Women’s liberation groups staged protests and strikes for equal rights and opportunities. Source The Kent State shootings on May 4, 1970, sparked nationwide outrage and demonstrations against the Vietnam War. Source
  • Technology: The first video game console, the Magnavox Odyssey, was released in 1972. Source The first microprocessor, the Intel 4004, was invented in 1970 and paved the way for personal computers. Source The first email was sent in 1971 by Ray Tomlinson. Source
  • Political: President Richard Nixon announced the withdrawal of U.S. troops from Vietnam and the expansion of the war into Cambodia in 1970. Source He also visited China in 1972 and signed the SALT I treaty with the Soviet Union. Source The Watergate scandal began in 1972 with the break-in at the Democratic National Committee headquarters. Source
  • Consumer goods: Color TVs, video games, microwave ovens and cassette tapes were some of the popular consumer goods of 1970. Source Franchising also increased and offered standardized products and services across locations. Some examples of successful franchises in the 1970s were McDonald’s, Kentucky Fried Chicken, Holiday Inn and Hertz. Source

1971: Gypsys, Tramps & Thieves

  • Social: The 26th Amendment was ratified in 1971, lowering the voting age from 21 to 18. Source The National Women’s Political Caucus was founded in 1971 to increase women’s participation in politics and government. Source The Attica prison riot in 1971 exposed the brutal conditions and racial discrimination in the U.S. prison system. Source
  • Technology: Intel introduced the first microprocessor chip, the 4004, in 1971, which enabled the development of personal computers and other electronic devices. Source Ray Tomlinson sent the first email in 1971, using the @ symbol to separate the user name from the host name. Source The first floppy disk was invented by IBM in 1971, allowing data to be stored and transferred between computers. Source
  • Political: President Richard Nixon announced his new policy of détente with the Soviet Union and China in 1971, easing Cold War tensions and opening diplomatic relations. Source The Pentagon Papers were leaked to the press in 1971, revealing the secret history of U.S. involvement in Vietnam and undermining public trust in the government. Source The War Powers Act was passed by Congress in 1971, limiting the president’s ability to wage war without congressional approval. Source
  • Consumer goods: The first Starbucks coffee shop opened in Seattle in 1971, offering high-quality coffee beans and equipment. Source The first pocket calculator, the Busicom LE-120A Handy-LE, was introduced in Japan in 1971, making calculations easier and more portable. Source The first VCR, the Philips N1500, was launched in Europe in 1971, allowing consumers to record and play back television programs. Source

1972:  Crocodile Rock

  • Social: The Equal Rights Amendment was passed by Congress in 1972, proposing to guarantee equal rights for women under the Constitution. Source The Title IX of the Education Amendments Act of 1972 was signed into law, prohibiting sex discrimination in federally funded education programs and activities. Source The first gay pride parades were held in several U.S. cities in 1972, commemorating the anniversary of the Stonewall riots of 1969. Source
  • Technology: The first handheld scientific calculator, the HP-35, was introduced by Hewlett-Packard in 1972, revolutionizing engineering and mathematics. Source The first video game console with interchangeable cartridges, the Atari 2600, was released in 1972, allowing users to play a variety of games on their TVs. Source The first email program with the ability to send messages to multiple recipients, SNDMSG, was developed by Ray Tomlinson in 1972. Source
  • Political: President Richard Nixon visited China in 1972, ending 25 years of diplomatic isolation and opening the door for trade and cultural exchanges. Source The Watergate scandal escalated in 1972, when five men were arrested for breaking into the Democratic National Committee headquarters and it was revealed that they had ties to Nixon’s reelection campaign. Source The Strategic Arms Limitation Talks (SALT I) resulted in two agreements signed by Nixon and Soviet leader Leonid Brezhnev in 1972, limiting the number and deployment of nuclear weapons by both sides. Source
  • Consumer goods: The first digital watch, the Hamilton Pulsar P1, was launched in 1972, featuring a red LED display and a futuristic design. Source The first home video game system with realistic graphics, the Magnavox Odyssey 100, was released in 1972, offering two games: tennis and hockey. Source The first mass-produced frozen yogurt, called Frogurt, was introduced by Dannon in 1972, offering a low-fat alternative to ice cream. Source

1973:  Little Willy / Heartbreaker / Do you Feel Like We Do

Yes, I know, Bing insanely switches presentation styles – I could not get him to stay consistent.  

1974:  Hooked on a Feeling  / The Night Chicago Died (I cannot decide, but Hooked is my ring-tone)

1975:  Lucy in the Sky With Diamonds (my Grandma’s name was Lucy, she wore diamonds) / Slip Kid (I’m a soldier at 13!) / Fame 

1976 (Bar-Mitzvoh):  Afternoon Delight / Take the Money and Run 

1977: Blue Bayou / The Stranger / Gold Dust Woman / Bat out of Hell / Songs from the Wood

1978 (Car!): Who Are You (Recorded at my Uncle’s studio!)/ You Really Got Me / Because the Night

1979 (16! / High School):  Tusk! / London Calling / My Sharona / Discovering Japan / Is She Really Going Out With Him /Hell is for Children

I never thought I’d say this but Tipper Gore was kind of right.  She was all kooky about banning “bad music” but when I consider the songs we grew up with (and there were way less choices) to the songs my kids grow up with – I can’t imagine that doesn’t have a profound affect on your childhood development.  All the songs of my generation were about Love and Peace and everyday life.  Songs today are Greed and Lust and generally devoid of story.  

It’s the same with TV and movies.  If you are my age, you remember Dirty Harry as a violent movie but watch it now and it’s only a notch over Bambi compared to what we have now…  Maybe I’m just getting old?  

I went from reading the comics to Doonesbury to reading the papers for Watergate coverage (and I had a paper route in 1973 so I always got the news first!) to reading “Fear and Loathing on the Campaign Trail” to reading Rolling Stone and Playboy (I actually did read the article – too).  My brother worked at a magazine store and brought me home piles of stuff and I read and read and read.  I also cut out the pictures and, by the time I was in High School, every inch of my room was covered in mostly rock and roll pictures but also other people and things I found interesting over the year – I guess that’s why I am a reflective person…  

Franchising! (1970) – How much did that change out lives?  Not really for the better I think.  My Dad was a Systems Analyst and he had a computer the size of a refrigerator in the house with one of those phone-coupler modems.  It got so hot your could fry an egg on it but we could call NASA and play Pong and Lunar Lander and it only got better from there – whatever new came out – my Dad got it.   By the end of the 70s I was selling computers – one of the go-to geeks, in fact!  

18 year-olds could be drafted but couldn’t vote, women were second-class citizens (but at least they couldn’t be drafted), racism was still endemic… funny how you forget those things were “normal” back then.  Nixon went to China but we still hated Russia.  Abortion used to be illegal (oops!).  Income was $12,900 in 1973 and a house was $32,500 – not even 3x income.  That right there is the worst thing that’s changed in the past 50 years. 

Baseball!  My parents divorced in 1970 and my Dad first lived in the Village (fantastic!) and then Queens, where there was the Science Museum and Shea Stadium, so we went to a lot of Mets games (I liked the Science Museum too) – and we did lots of stuff in NYC.  The Mets won in ’69 and won the NLCS in ’73 but in 1977 they traded Tom Seaver and I was pissed at them for many years after.  

 

 

 

IN PROGRESS  

 

 

 

 

 

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Happy birthday Phil!

Happy, happy birthday Phil!

Happy Birthday Phil !

Happy Birthday Phil!!!

Last edited 2 months ago by yogananda_t

I trust we all get older Phil, wishing you a happy birthday and many more to come. Dieter

Happy Birthday Phil!

Yes, you made it though another year, and you did it well!  👏 
Wishing you best, and to do that many times again and again!
Thanks for sharing your wisdom and prowess! 👑 

Peter

All the best for a great birthday with many more to come !

Good Morning.

Happy Birthday Phil – Enjoy your walk!

Happy Birthday and congrats on another trip around the sun!
Thanks for the great walk through the past .. fun to see that!

Happy birthday Maestro & great illustration!!!

Happy Birthday!
Fun to review history. We are about the same age so many shared memories. Have a great day.

Happy Birthday, Phil! 60-year “young” and your wisdom continues to build like fine wine.
Have a great one!

Thank you for the reflection – the world we are in doesn’t encourage people to pause, reflect and gain perspective, and that’s before we have to play a game with AI against our attention (e.g. social media). If we can all zoom out and look at the slower-moving picture, we can all be calmer and make better decisions

Happy Birthday Phil

Happy Birthday Phil! I have 2 years more time experience than you, my life anniversary will be a week from this Friday. We have some similar interests. I did go skiing this weekend. I spent more time raking 4 feet of snow of the roof and clearing a path for the propane truck to deliver needed fuel, a sign of maturity and responsibilities . Montana has a ton of snow, like much of the West! We talked with a real estate agent who said things have cooled about 10-15% in prices from a year or two ago. He said that he a Client that bought a $10mm house unseen other than the short facetime video the real estate agent sent to him. The wealthy are different!

We mourn the # 60 with you but celebrate 61 and many more happy birthday!!

Phil – HAPPY BIRTHDAY !!!!!

hope you enjoy your day and wish you a healthy prosperous year ahead.

Happy 61 Phil!

Phil / Micron ( MU ) analyst below – I thought they would mark down inventory ( again) but I’m not sure they are done…. no impressed – but analyst seem happy. thoughts?

Barclays analyst Tom O’Malley, who has an overweight rating and $70 per-share price target on Micron , noted the “persistent” weakness in several end markets has pushed the recovery out and resulted in lower book value for Micron , but it is “well positioned,” especially as the data center improves. 
“We think the stock works despite the reset number and the name plays into the AI theme that is a real driver for the [data center] business into the next [fiscal year],” O’Malley wrote in an investor note.

Bank of America analyst Vivek Arya, who rates Micron shares neutral, also said there is “no quick fix,” but it looks like the weakness in the memory market is starting to subside, even if Micron ships less product and loses “modest share” to Samsung .
“[The fiscal second-quarter] should mark the bottom of this cycle as PC/smartphone inventories improve and new data center/AI product cycles help drive memory demand,” Arya wrote.
In conjunction with its fiscal second-quarter results, Micron wrote down $1.43B worth of inventory, resulting in a negative impact of $1.34 per diluted share.
Arya also noted that that while the near-term environment for DRAM and NAND are “challenging,” the company may get a benefit from reshoring and the 
chips act , given it is the only U.S.-based leading edge memory producer. 
Arya lowered his estimated 2024 and 2025 earnings per estimates after the report.

J.P. Morgan analyst Harlan Sur reiterated the firm’s overweight rating and raised the per-share price target to $75 from $65, noting the company has made “good progress” on excess inventory, but still has more work to do. 
“As the company manages through one of the worst memory downturns, the team is starting to see some light at the end of the tunnel with inventory levels continually improving across a broad set of end markets with a sight towards bit demand growth in the [second-half],” Sur wrote in an investor note. 
Sur added Micron’s stock is likely to keep moving in a “positive direction” as the year goes on and investors start to discount the revenue and pricing recovery in the second-half, following “aggressive” supply cuts, inventory write downs and a better demand environment.

Citi analyst Christopher Danely reiterated the firm’s buy rating and $75 per-share price target after the results, noting the DRAM industry and Micron’s margins look to be bottoming. 
“We believe this quarter marks the bottom for Micron EPS and the stock given DRAM production is below demand, which should result in an upturn,” Danely wrote. “We would note the last time Micron had negative gross margins, it marked the bottom in the stock.”

Seeking Alpha contributor SL Investments  Micron’s results send a “strong buy signal” as the memory cycle looks to be bottoming and the company should benefit from the U.S. government’s harsh stance against China.

60 years you walked the earth. Happy Birthday, Phil.

Congrats, Phil – One of those divisible by 10 birthdays, always a bit intimidating. I remember turning 10, and then 30 was a big one. 20 was an odd kind of limbo. My birthday this year was lucky double-7.

Happy Birthday Phil.

HZNP supposed to be acquired for $116. today a trader sold 2000 November $100 puts for $3.50

Happy Birthday Phil

Happy Birthday, Phil and enjoy walking the beach. In the couple of years that I have been reading your articles and comments, you have made a difference to me. Warren will make a difference in the world too. But, Warren is not going to replace your wisdom.  🍾 

Congrats on 6 decades! Can hardly believe the amount of folks in their mid 90’s.
Savour the day Phil!
DT

If this is Shel-bot / Bing AI, I notice some of the same problems I have with ChatGPT — the same watch-outs that you’ve pointed out repeatedly about our boy Warren.

Under “Some examples of how the market has reacted to the Fed’s decisions in the past” Shel cites (and references!) 3 instances:

First one: this is last week’s rate hike: Shel claims the S&P went up 0.8% on the day

  • except it didn’t; it was a down day
  • the ref cited is a NYTimes article from the day after the Fed. The article actually says the S&P was down 1.6% that day
  • i’m not up in arms over this but… it’s not right

Instances 2 and 3: Shel writes that these occurred in the future—May and December ’23

  • which OK, awesome if true
  • the references cited for those claims about the future are a homepage for Fed-focused content at fxstreet.com(2), and a CNBC article(3) about Cramer’s advice that the market’s reaction post-Fed is often a head fake

This matches my experience with the AI tools so far. They’re fun to interact with, but not reliable. Even when pointing you to support for the things it’s telling you.

as we’ve said, I’d expect more accuracy from the tool that’s part of an internet search engine

Happy Birthday Phil! Been with you a long time now, just over 12 yrs. All the best for another healthy year!

Yep, me too!

HBD Phil– right on cue SPWR blasts up. Love me some Nilsson-have you watched the documentary (Who Is Harry Nilsson (And Why Is Everybody Talkin’ About Him)? – one of the best I have ever seen on an artist.

Happy Birthday Phil , many more

Happy Birthday Phil!
God Bless You.

Happy Birthday Phil! Just celebrated my wife’s birthday dinner last night. Had to chuckle, we were commenting last night how many birthdays there are on this date and yours popped up this morning too. Definitely the spring affect.

HAPPY BIRTHDAY PHIL!! “The Punk and the Godfather”!! CLASSIC!!! What a Great B-day tune 🙂

Happy birthday Phil, Wish you a long enjoyable life ahead.  🙂 

I learnt a lot from you, initially through your youtube channel, then weekly webinars/newsletter, now I read your post every day! I probably would have quit trading if not for your video about “Be the house and not the gambler”.

Happy birthday Phil, Wish you a long enjoyable life ahead.  🙂 

I learnt a lot from you, initially through your youtube channel, then weekly webinars/newsletter, now I read your post every day! I probably would have quit trading if not for your video about “Be the house and not the gambler”.

Wish you a long enjoyable life ahead.  🙂 

I learnt a lot from you, initially through your youtube channel, then weekly webinars/newsletter, now I read your post every day! I probably would have quit trading if not for your video about “Be the house and not the gambler”.

Wish you a long enjoyable life ahead.
I learnt a lot from you, initially through your youtube channel, then weekly webinars/newsletter, now I read your post every day! I probably would have quit trading if not for your video about “Be the house and not the gambler”.