1993 GMC Jimmy running rough

I have a 1993 GMC Jimmy that has been running sluggish the past week or two. Today I took it out for a drive and I noticed a strange burning odor. Looked underneath the vehicle and noticed fluid blown from around the transmission bellhousing towards the back of the vehicle. It doesn't seem to smell like oil, and it appears to be reddish in color. I don't notice any leaks anywhere. Does anyone have any suggestions as to what this might be?

I have the same car, currently experiencing the same problem. They have replace the transmission, the fuel injection, and just last week the water pump. If anyone has any ideas about what to do for this I would really appreciate it, my mechanic isn't finding any problems with it.

help! i have a 94 jimmy,replaced cpi,no codes.runs rough after driving.what have i missed?

Stuck egr if w motor or T nut lines leaking going to cpi, since u replaced cpi already. Look at Ltblazer post with pits. Left side cpi leak, right side lines leaking. Check the egr first. Talk to Ltblazer.

Above post was for vunmb5