Investor's Edge with Gary Kaltbaum - 2 Good Days [03.17.2025]

Episode Date: March 17, 2025

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Starting point is 00:00:26 That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. 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.
Starting point is 00:00:47 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.
Starting point is 00:01:10 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
Starting point is 00:01:46 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.
Starting point is 00:02:14 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.
Starting point is 00:02:52 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.
Starting point is 00:03:22 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
Starting point is 00:04:04 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
Starting point is 00:04:27 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
Starting point is 00:05:24 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
Starting point is 00:06:19 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.
Starting point is 00:07:07 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?
Starting point is 00:07:31 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,
Starting point is 00:08:03 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.
Starting point is 00:08:35 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.
Starting point is 00:09:40 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.
Starting point is 00:09:59 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.
Starting point is 00:10:26 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.
Starting point is 00:10:40 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.
Starting point is 00:11:07 Up next, what else? Then the markets, the good and the disappointing. This is the one only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed.
Starting point is 00:11:49 We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review.
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Starting point is 00:14:09 It's time to switch on the integrator units and get the brain cells working. You're listening to Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this.
Starting point is 00:14:28 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
Starting point is 00:14:54 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,
Starting point is 00:15:44 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.
Starting point is 00:16:27 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.
Starting point is 00:16:57 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.
Starting point is 00:17:31 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.
Starting point is 00:18:07 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.
Starting point is 00:18:31 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,
Starting point is 00:18:57 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.
Starting point is 00:19:50 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.
Starting point is 00:20:51 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.
Starting point is 00:21:20 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,
Starting point is 00:21:40 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
Starting point is 00:21:59 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
Starting point is 00:22:15 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.
Starting point is 00:22:37 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.
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Starting point is 00:23:37 That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card.
Starting point is 00:24:06 What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio.
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Starting point is 00:25:05 You're listening to. 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
Starting point is 00:25:51 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
Starting point is 00:26:25 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.
Starting point is 00:26:42 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.
Starting point is 00:27:20 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.
Starting point is 00:28:23 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.
Starting point is 00:29:00 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?
Starting point is 00:29:28 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?
Starting point is 00:29:52 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.
Starting point is 00:30:22 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.
Starting point is 00:30:55 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.
Starting point is 00:31:17 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?
Starting point is 00:31:50 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,
Starting point is 00:32:18 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,
Starting point is 00:32:46 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.
Starting point is 00:33:33 What else? semis bounce today but you know you drop from 5366 to 4300 you're going to rally up to 4600 and change
Starting point is 00:33:47 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
Starting point is 00:34:01 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
Starting point is 00:35:06 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
Starting point is 00:35:29 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
Starting point is 00:35:47 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
Starting point is 00:36:13 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.
Starting point is 00:36:27 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 by the Capital One Venture X card. Venture X offers the premium benefit
Starting point is 00:36:43 you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply lounge access is subject to change. See Capital1.com for details.
Starting point is 00:37:08 This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as Polly. podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Spreaker helps you monetize your show with ads.
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Starting point is 00:38:07 In the Gester's Edge. With Gary Culpa. 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.
Starting point is 00:39:04 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.
Starting point is 00:40:41 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
Starting point is 00:41:04 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.
Starting point is 00:41:44 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%
Starting point is 00:42:26 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.
Starting point is 00:42:51 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
Starting point is 00:44:08 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.
Starting point is 00:45:04 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.
Starting point is 00:45:52 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 Guys, it's no use putting it off The best time for an underwear refresh is now
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