Investor's Edge with Gary Kaltbaum - 2 Good Days [03.17.2025]
Episode Date: March 17, 2025https://garykaltbaum.com__________Disclaimer:The opinions you hear on BizTalkRadio, BizTV, or BizTalkPodcasts are those of the hosts, callers, and guests and do not necessarily reflect those of BizTal...kRadio, BizTV, or BizTalkPodcasts, its management or advertisers. The information on BizTalkRadio et al does not constitute a recommendation, offer, or solicitation to buy or sell any product or securities. Please consult a professional before investing.
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Investor's Edge with Gary Coltbaum.
Straight talk about you and your money.
Now from the BizTalk Studios, here is Gary Cultbaum.
And welcome once again to Investors Edge.
I'm Gary Coltbaum, your host.
A thanks for being with us today.
Glad you here, ladies and gentlemen, happy that you are listening.
It is Monday.
It is the 17th of March, 25.
Hope you're having a good day.
Hope you had a good weekend.
I relaxed.
I took it easy.
It was one of those weekends.
And we had to watch out for tornadoes also
because, boy, there was some weather coming around in Florida.
But fortunately, nothing happened in here.
And always be aware of the weather, ladies and gentlemen.
Hurricanes you can prepare for big time
because you see them coming.
tornadoes. And I don't know if you know this, but when I moved to Florida, when I was a
young in, I lived in Concord Plaza in North Miami Beach, Florida, 169th Street, right down the
block from John F. Kennedy Jr. High School. And the first week we moved down from Brooklyn,
a tornado went through our apartment. And we're like, what the hell are we doing here in Florida?
That was my first week in Florida.
Yay.
Okay.
I was laughing because I'm getting emails from people.
Did you know Monday Night Raw is on at 3 p.m.?
People know me pretty darn well.
Anyway, thanks for being here.
In case you don't know, this is serious talk on everything that affects you.
The markets, the economy, your job, your industry, doge, this administration, the past administration,
scams and shams and corruption and what Doge is uncovering on a daily basis.
And let me tell you the Morlocks are lucky I'm not running the Department of Justice right now.
And if you do not get this radio show in your city, we'll post it at garyk.com.
We'll also post it on our Twitter feed.
We'll also post it on podcast apps.
Yeah, that's about right.
And if you do not, if you do not get Twitter, which is now X,
You should follow us if you do not follow us.
And if you'd like to email us, just be nice.
It's pretty simple, just be nice.
You know, we do markets here first.
And I have to tell you, I'm going to give you final numbers.
But disappointing day, disappointing finish, will go through the whole thing.
I'm in the midst of scanning.
My favorite names have come back first.
The question is, is the moment.
market going to stick. The main question I have got in the recent past is, believe not,
I got it from a bunch of people, is what is my real opinion of what's happening out of the
White House right now? And as you know, I am not all in with everything they are doing or how
they are doing it, but I am hoping coming out of this, great things are going to happen.
So I'm going to give you now a little
How does Gary feel overall
and in depth of economic policy?
Well, before we do that
and before we do the markets,
we have to go backwards
and may state for the record.
I must state for the record.
And I say this very loudly
and quite clearly
we could not continue the corrupt trajectory of Joe Biden and Kamala Harris.
If the media really wanted to do their job,
they would be calling Joe Biden the most corrupt president of all time
the using of the taxpayer to funnel oodles and oodles of money,
debt into the coffers of the few.
We have highlighted the Stacey Abrams of the world and other things as of recent.
And I'm amazed they have not got her and pedestrian the rest up on Capitol Hill already
to be questioned.
We could not continue the growth of government.
The greatest bull market in history is the growth of our government.
the size, the scope, the reach, the spending, the debt and the deficits, and the waste of our government.
And the young lady who would be president wanted to raise taxes on everything that moved.
So here is what I love, like, dislike of what we are seeing now.
Number one, they want to extend the tax cuts.
from the past. Yay. Yes. Definitely. That's a definite. That's number one. Number two, they're calling for
other tax cuts. Now, I'm in complete disagreement. The Commerce Secretary came and said, came out and said,
oh, we want to go to where people making up to $150,000 don't pay taxes. That's bull crap. That's
Republicans have yelled and screamed for ages that everybody needs to have their hand in paying taxes.
Now all of a sudden, that's crazy, completely 1,000 against.
No taxes on Social Security.
Well, in case you don't know, it used to be that way.
Did you know that?
I believe it was in the mid-90s to late 90s when all of a sudden we're paying taxes on Social Security.
I'm for that.
And let me tell you the reason why.
Because Social Security is thievery.
It's thievery.
Social security is thievery.
What?
Huh?
What do you mean it's thievery, Gary?
Well, it's pretty simple.
If instead of Social Security,
which, by the way, to run Social Security,
costs a ton of money anyhow,
if instead the money came out of your check
but into your account in your name
and had it automatically go into just 10-year government bonds,
it'd be all in your name right now,
and instead of getting $3,000 a month, $3,500,
you'd be able to get $7,000 or $9,000 a month.
if they took just 5% and put it into the stock market, oh my goodness gracious.
But instead, they put it all together and they forgot something.
Demographics.
And that is we're living longer, so people are taking out for much longer.
And they've been loath to change it.
And anybody who try to change it, they cursed out.
You're throwing grandma off the cliff.
And as I have told you, when George,
Bush won the election. He invited me and other radio shows to the White House because they wanted to do radio shows on Social Security. They wanted to address it. We went there. We interviewed Carl Rove, John Snow, Secretary, Treasury, got to meet all the mucky mucks. It was the second time we were at the White House. We were there one other time for radio days. Within a week, my contact at the White House called me up. They dropped it. What happened? They were getting rammed.
They were getting reamed over just talking about Social Security.
So now they tell us, oh, it's going to be bankrupt in 10 years if we don't do something about it.
And the same for Medicare and Medicaid.
So this president wants to get rid of taxes.
Yeah, good.
They're also talking about waiters and waitresses.
No tips.
No taxes on tips.
I don't know how that's going to work, though.
My problem with that is, aren't they going to just how they get paid to get more tips?
and less salary.
There's very easy to play with that.
We'll see.
They were talking about taxes, less taxes or no taxes for firemen and policemen and women.
Interesting.
They want to cut corporate taxes even more.
Interesting.
I'm good for that.
I love Doge.
I'm not thrilled how they're doing it.
I think, unfortunately, Mr. Musk is taking out the human part of this.
These people that are working in government, they're not bad people.
They went to get a job with government.
And they're just throwing everything out.
Here, you're all out.
You're all gone.
You're all history.
You're all out of here.
I got a problem with that.
I'm a people person.
I'm not so sure they are.
Oh, they're getting severance.
People without a job and having to look for a job.
have rough days.
And just remember, I'm one of those people that said there's too many people working in government.
There's too many people, and this has to be done.
But I think they've just, I would be doing it differently.
Up next, what else?
Then the markets, the good and the disappointing.
This is the one only Investor's Edge.
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Hey, this promises
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Coltbaum. It doesn't get better than this.
So,
I'm thrilled with the idea of Doge
and I'm happy
the president has basically
told Elon to use
a scalpel and not whatever they were using, you get the metaphor.
And we'll see how it plays out.
I was watching a 60 minutes piece where they said the inspector generals, here's what I love
about government.
So they have these inspector generals for all these different departments.
And they had them on 60 minutes complaining, I'm getting fired, and there's nobody to
oversee anything.
one of the inspector generals is the one that oversaw USAID and here's the shame of it.
USAID has done very good things.
USAID also gave us the middle finger as taxpayers and just spent wildly on the weirdest, stupidest moronic things,
and we're still trying to find out how the CEO of USA got paid so much money,
which has me asking the question.
And in the inspector general, were you even doing your job or were you just checkmarking everything they did?
Because as an inspector general, you're supposed to be asking questions that matter.
And it looks like they didn't.
Therein lies the problem.
But overall, need to cut government, need to cut the size, the scope.
And here's a great example of stupid.
so Joe Biden lets in anybody through the border, including criminals and bad guys.
And I'm not saying all of them, but if there's one bad guy and we know there's a bunch because they committed murder and rape.
So Joe Biden lets him in and the media doesn't say a word.
Donald Trump is sending him out and the media is all pissed off.
How can you do that?
And then a judge, one judge comes in and says, no, you can't.
What?
The worst of the worst criminals we are sending out of here.
Part of the worst of the worst gangs.
And a judge says you can't.
You can let them in, but you can't let them out.
Our government's gone haywire.
It's arse backwards.
Think about that logic.
It's okay to let them in.
You try getting rid of them.
So we love that he's tough on the border and he's pissed off on crime.
And he's really going after these colleges who refused to really apologize.
Columbia came out with some statement.
But there are other things I'm worried about.
And you know what it is?
What was the complaint about the last administration?
What was the biggest complaint from Trump and the right on the last administration?
about the Department of Justice and what they...
We'll see how it plays out.
I am hoping it does not get to their head here.
We'll keep you informed,
but I have to finish with the tariffs.
I'm just completely against them.
Doesn't make me a bad person.
They just, to this day, do not make any sense to me.
What about reciprocal tariffs?
Yeah, okay.
But what about the rest that he's doing?
I have an issue.
And stop telling us that they pay for it.
No, we do.
We'll see how it plays out.
If we can get over the hump,
have a government that is more efficient and more effective,
and not running $2 trillion deficits,
and more of a private economy and less of a government economy,
boy, oh boy, we can soar.
We can soar. Let's hope that happens. All right, segue. So we had a very good day Friday in the market.
On light volume, though. Very good day. And today started off a little bit weird, a little bit quiet.
and at the highs of the day today, the Dow was at 42,013, 172 was up 525 points.
Terrific.
But into the close, we dropped a good 150 points in 25 minutes.
Finished up 353.
We'll call it a good day, though.
353, ran right into the 200 day.
Just remember how far down things were.
The NASDAQ today, disappointing.
At one time today was 17925, 170, 171, and finished only up 54.
And they really sold it down in the last 15 minutes, about 90 points.
disappointing. I was more hopeful. I'm not so sure now. Not a good finish. Tomorrow be another day.
The S&P today hit a high of 5703, closed at 5675. It was up 64, finished only up 36.
So disappointed.
Call me disappointed, but they certainly did better with stocks today.
The advanced declines were strong.
The up-down volume was strong.
I hated the fact they distributed into the close.
But I'm thinking that the low on Friday,
probably going to be a good low for this second,
and we'll see how much juice we have going forward.
Simple as that.
And of course, we have the Fed.
yay on Wednesday.
Of note also,
when the market's correcting,
we tell you our favorite names,
Spotify, Netflix,
symbol S.E., DoorDash,
and there are a few others,
but there have not been many in the growth arena.
You know how we know they remain the strength versus the market?
They were popping them today.
simple as that
Spotify
up another 23
today
Netflix
up 32
though at one time
today was up 50
got an upgrade
something like a door dash
back above the 50 day
up six and change
so our job now
very simple
is to isolate
in just two days
off of a low
which ones are feverishly coming back.
And I'm not talking about a utility stock.
I'm looking for those growth names.
Those fit the bill.
Checkpoint software's in there also.
But plenty are not.
Up next.
But what other areas?
And the Doge moment.
This is the one only investor's edge.
It's no use putting it off.
The best time.
and underwear refreshes now.
Tommy John underwear is designed for a perfect fit that stays put all day.
Their zero-chafe thanks to four times more stretch than competing brands.
And their innovative horizontal quick-draw fly is a game changer.
With over 30 million pairs sold, there are thousands of men out there more comfortable than you.
Don't settle for less.
Go to Tommyjohn.com today for 25% off your first order with Code Comfort.
That's Tommyjohn.com code comfort.
Tommy John.
Comfort perfected.
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America is talking.
Investors Edge.
He's got to be pleased with that.
The crowd is just done.
speed here he's a sooner out of boy with gary coltbaum comes highly recommended you're going to feel better if you talk to
him and welcome once again to investors edge the doge moment yay late breaking the department of justice
is investigating the greenhouse gas reduction fund a 27 billion dollar program that was part of joe
Biden's $740 billion inflation reduction act created in the spring of 2003 and managed by the EPA.
It was supposed to be a first of its kind program to address the climate crisis.
I'll stop you there for a second.
Do you remember when they did this?
What did I tell you what's going to happen?
The donors and the friends are going to be rushing to Delaware, starting these nonprofits and asking for grants and getting
them. Little did we know
how sick
in the mind these people are.
Wait to hear what they took.
So it appears that
little of the 27 billion revitalized
anything except the coffers of a range of
environmental non-profits associated
with former Obama and
Biden administration officials.
They use
so-called climate equity to
justify handouts of billions
of dollars to their far-left friends.
Holy crap.
A free press investigation reveals that of the $27 billion, $20 billion was rushed out the door to eight nonprofit groups after Biden lost the election, but before Donald Trump took office.
So he already lost the election.
As one EPA official said, it was like tossing gold bars off the Titanic.
The eight groups, get this, this is sick, were allocated sums ranging from 400 million to 6.9 billion, even though several them were formed in August of 2023.
Just one month after the giant applications, the grant applications went live.
Did I nail that or what?
The boards and staff of these eight groups include Democratic donors, people with connections to Obama and Biden.
administrations and prominent Democrats like Stacey Abrams. They love mentioning her.
Quote, these are some of the biggest grants to individual organizations in American history.
I'm not sure what words I can use on radio. So since I'm not sure, I'm not going to use the words
I am thinking to describe what I'm thinking of these people. They hate you. They hate you, Americans.
They hate you tax-paying Americans.
They took out the big middle fingers stuck it right in your face
and told you to drop dead and your tax dollars.
And had no problem with starting out of nowhere climate companies,
nonprofits that never had any business having to anything do with climate.
Just friends of Biden and would take billions.
They laughed at you.
Every single one, they laughed at me.
Joe Bine, this sleazy, slimy, scummy, corrupt, imbecilic.
Holy crap.
That whole family.
And they complain about democracy?
There are a bunch of miscreants.
And I'd say it to every one of their faces.
And I hope the Department of Justice rams it right up there.
You know what?
gets them all up on Capitol Hill.
And the first question is, how much money do you have in your bank account from these
nonprofits that you started out of thin air?
Second question, what's your background and experience with climate?
You're meteorologist?
No?
You scientists?
No?
What's your background?
Oh, well, I watch the Big Bang theory.
That's your Doge moment.
You think I'm pissed?
Let me tell you why I'm pissed.
Because they did it in plain sight.
The media did nothing about it, and the media is still not doing anything about it.
The 60 minutes right now could be having a field day with these crooks.
Nope.
We segue back.
By the way, stuff really pisses me off.
What am I watching now?
Few things. Listen carefully.
Goldman Sachs finished up 10 today. I think it was up 15.
Broke above the long-term 200-day moving average and held, and that's going to be important.
Black Rock did the same today. Goldman Sachs BlackRock. Blackstone had a good day today.
It ain't there yet, but it looks like that may be trying to turn up.
You know how important to my work these big financials are because they were,
leading before him.
J.P. Morgan.
Now, remember, this is not the 50-day moving average.
This is the 200.
This is the end-all be-all.
J.P. Morgan bounces off fit today.
So just letting you know, front and center, I am watching this.
One of the main reasons why I was able to get out of the market before this latest deluge
is because I saw the financials cracking badly.
I sought.
I own Goldman Sachs.
And it just so happens.
Dang.
What else am I watching?
Well, I mentioned some of these leading names, but now they've come up pretty quickly in just a couple of days and we'll see how they play out.
What I'm hoping to see more of is stair steps.
In other words, if we get some pulling in, we don't go back to the lows.
we start stair stepping up.
But what else?
China, another good day.
Baidu that was lagging.
Said something about an AI chip in Baidu,
and that was up eight today, like 9%.
Alibaba ticked up to a new high today out of a little flag.
And most other China names had a good day.
Gold had another up day.
New high ground.
And the gold miners,
The GDX just edged above new high ground from October.
So just letting you know as far as the leadership,
China, gold, silver's coming on, insurance, European banks,
some Japan banks also, and just foreign markets right now are stronger than us.
And I don't think because we're just so darn weak.
I just think we've been so darn strong versus them for so long that they're now having their moment.
And we'll see how far and how long it goes.
I don't like communism, but the communism is working right now.
The dude G who runs China is turned into J. Powell and Ben Bernanke.
They're printing yuan like there's no tomorrow, and it's helping the market.
What else?
semis bounce today
but
you know
you drop from 5366 to
4300
you're going to rally up to
4600 and change
it's bounced
so I'm not so excited with that
as of yet and there were some upgrades
today and all that funky stuff
we'll see
Nvidia
since I'm asked about it
74,000 times a day
was down two bucks today
even though we had a good market, why would that be?
Well, Bidu says they have a chip.
That's actually cheaper than the Deep Seek chip, which caused the last drop.
So a big hum, HMMMM on Nvidia, which was up to, and it's bounced in the last few days like a few other things.
But by no means is Nvidia leading stock right now in the market?
even though everybody that is paraded in front of you says you got to own invidia you got to own invidio okay sure enough so that's the strength insurance gold china europe other foreign markets not all of them everything else coming on to a certain extent today very good advance decline day
but a crappy finish
always hate seeing
weak closes
always hate seeing that
want strength
we'll keep you informed
start mining
the new yearly high list I can tell you right now
there are some but just a lot
I'm finding dollar gold stocks
also now
a bunch of names out of China
and you get to decide if you trust
here's one
Yum China
you know you got Yum brands here
the Yum China broke out today
not big volume though
up next
what else we got for you
hey thanks for being here
I'm Gary this is the one only investors edge
guys it's no use putting it off
the best time for an underwear refresh is now
Tommy John underwear is designed for a perfect fit
that stays put all day.
Their zero-chafe thanks to four times more stretch
than competing brands,
and their innovative horizontal quick-draw fly
is a game-changer.
With over 30 million pairs sold,
there are thousands of men out there
more comfortable than you.
Don't settle for less.
Go to Tommyjohn.com today
for 25% off your first order with Code Comfort.
That's Tommyjohn.com, code comfort.
Tommy John, comfort perfected.
This message is brought to you
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you expect, like a $300 annual Capital One travel credit for less than you expect.
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In the Gester's Edge.
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By the way, so.
I'm just reading other things.
Biden administration spending a staggering $1.1 trillion on DEI.
Nearly 10 times what's spent on public schools in the American Rescue Plan.
Just the worst of the worst.
The worst of the worst.
Unbelievable the things I am reading.
If this was a Republican, the media would be going nuts.
nuts. They've left it alone. They're not even bothering with it. It's so right there. They have all the
evidence, all the information. And they don't care because it's their guy. What a bunch of sorry.
I'll withhold the word. It's so depressing. We're never, ever going to get the straight from the media because they're so
damn bias. Oh, well, we'll keep reporting with no bias, no agenda, no ulterior motive.
We don't care about ours or D's or I's or the Whig party. We just want good policy.
And people that work for us, people that work for us, not we work for them.
And there are plenty out there that believe that.
and there's some weirdos there
and amazingly stupid things and stupid people
who's this guy Kelly from Arizona
don't know him personally
his wife is the one I think got shot right
he says he's getting rid of his Tesla
an electric vehicle
because of a musk
so for a party that's all into climate
it, get rid of the electric vehicle and get a big gas-guzzling SUV, and then promote it.
They're so weird some of these people.
They really are.
They're just plain weird.
I would call that hypocritical, don't you think?
Back on the markets, I just did a big scan.
Two days do not change the playing field for a ton of stocks, but we'll hope that a good
low is in.
It lasts for a while.
more things will show up. I'm sure of that. What's my big worry on the markets? Well, it comes from
outside the markets, and that is, if the president starts with the tariffs up the wazoo,
and we know they're still out there in the April 2nd and this and that, I believe that's market
worrisome. That's my big worry. In a market that this year, the Russell 2000, even with the last
two days is down 7.3%
the NASDAQ's down 7.8%.
The S&P's down 3.5%.
And as you know,
the average stock is much,
much, much worse than the indices.
Every time I'm on TV and asked,
I say, if the president
had my ear, this is what I would tell him.
Stop with the tariffs.
He's not going to listen to me.
What else am I watching?
Well, as the Dow moves up, we go look at the Dow 30.
And I can tell you, Apple, Amazon, American Express, Boeing, Salesforce.com, Caterpillar, Disney, Goldman Sachs Honeywell Home Depot, Merck, Microsoft, NVIDIA, Nike, Sherwin Williams, United Health, Walmart are not in bullish phases.
in the drift Walmart's not bad but it just topped out I'd throw visa is a little bit below the 50
day if we're gonna keep going higher I would love to see a little backing and filling
give me a few days of nothingness and set things up for the better do I think we have more
to go to the upside I actually do but trust is low we can only
hope. Yields, cooperating, Fed Wednesday. We expect nothing from him except a bunch of gibberish
and not say much. And frankly, we like a Jay Powell that doesn't say much. I'm cool with that.
Less is more when we come to the central banks. I do want to let you know big oils acting better.
Nothing is in an up trend. Nothing is broken out yet, but better tone.
Most other oils look like caca.
I mentioned to you last week, the consumer.
They're bouncing the consumer stocks after a miserable drop.
And we're talking retail, airlines, autos, home builders, and financials, I think, are consumer-related.
All are bouncing now.
We'll see where they bounce them too.
All indications I have been getting, the consumer is under some pressure right now.
Every company that's spoken up, consumers under some pressure.
And we're not talking flyby now, we're talking monster companies that have their ear to the ground and a great eye.
Costco, Amazon, Walmart, airlines, many others.
Let's hope it gets better.
that all said you have a great evening drive carefully when you get home to like we do quite simple
make sure you hug your family make sure you hug your children they will feel better you will feel
better i promise stay well be well thanks for joining good night all this has been investors edge with
gary cult bomb on biz talk to listen to past episodes or to get in contact with gary go to garyk
That's GaryK
dot com
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