It seems that this strawberry milkshake fluid is coming from a broken cable or line that was connected to my carb but somehow got disconnected. The trans is also soaked in this fluid. I am assuming it is trans fluid and water??? I have no idea how this happened and no idea how to fix it. Any help would be appreciated. It happpened right after I installed a new radiator but I don't know if that is connected to this issue or not. Also my car is still running hot even after radiator install.

-SBC 350 turned into 383 stroker
-Torker II Intake manifold
-Holley 750 DP
-Mallory Dist

 

The only connection that I know between the carb and transmission is the TV cable, and I don't see how it could carry transmission fluid. Apparently you have sme other issues, such as a transmission fluid getting into the engine coolant throgh a leaky heat exchanger in the radiator. Check inside the radiator & see if you see the pink stuff in there.