Investor's Edge with Gary Kaltbaum - 4%

Episode Date: March 1, 2023

Follow Gary on GaryK.com or http://garykaltbaum.com

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Terms apply. Lounge access is subject to change. See Capital One.com for detail. 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 Kaltbaum, your host.

A thanks for being with us today. Glad you here, ladies and gentlemen. Happy that you are listening. It's March 1st, 2003. And I have only one thing to say. And then we'll do a radio show. If they find this murder guy innocent, I am going to lose it. Just so you know, I work very hard for a living.

But it's not really worked for me. Just so you know, if you ever find a job where it's not a job, you're set. My job is not really a job. I absolutely love what I do. But I've kept the murder trial on while I do. do my job. Man, this guy's guilty of sin. They're in the final arguments now. We'll see what happens. Hey, ladies and gentlemen, this without a doubt, without patting on the back, just dealing with reality, just dealing in facts. Since February of 21, there has not been any more important

media show in any medium than this show. We say that because we listen back to our shows. We take notes on the things we say to our shows. We go backwards to the notes that we say on the shows. And all you had to do was follow the lead. February of 21. Bubbles are popping. Mid-21.

Uh-oh. A bunch of leading stocks that have had big runs are topping. November of 21, the rest are going by-bye, and the ones that top beforehand are already down big. Mid-21, the warning on bonds. Who was the one telling you that inflation was coming? It would be the outcome of massive, massive, massive, massive money, by central banks here and around the globe.

Who used the word inflation before anybody else? And we get no credit, but we don't care. We just want to protect and make, protect and make. If you want to give us credit, terrific. But we're the ones who told you that. We yelled and screamed it. And months and months and months later did everybody come to that fruition because all the inflation was here.

And of course, it was months later before the miscreants, the dolts. And we mean dolts at the central bank and at this administration. And I don't blame the administration as much because they're just going with what the central bank is saying and what Janet Yellen was saying. But they're dolts. Look up the word dalt. That's who they are. and then came 22 when we said the rest of the market was coming in. And by the way, at the beginning of 22, we told you, oils looked like they were bottoming. Guess what happened for a few months? And it hasn't been easy.

And the counter-trend rallies have not been easy. And then the drops have not been easy. It's not that easy. And then we've been telling you all along, we know everybody's talking about the Fed. We yap about it. but we've been telling you put them aside for now. Just watch the real market. Just remember, the central bank rigged and manipulated the real markets.

It was the worst thing anybody can ever do. Out of thin air, create to $9 trillion, get your counterparts in Europe to do the same. And buy the hell out of all these bonds, in order to keep interest rates down and screwing every saver with 0% interest rates, we told you there was going to be a bad outcome. That wasn't hard.

So the bubbles popped. The market went through whatever, and I must admit one thing. I have to admit it. I would have thought by now we would have had a 25 and a 50. S&P 25 to 30 and the NASDAQ 50. NASDAQ got to about 37. I think the S&P got to 21. The question remains, are we going to eventually go there?

Well, I can tell you from here, and we deal with interpreting here, we don't inject what's going to happen six months from now. We'll let everybody else do that. A lot would have to happen for that to happen. And you don't mean by a lot. You've got to break support levels, and then the next support levels, and you've got to break the lows of the bare market. And we just don't see that just yet.

Without a doubt, there's been deterioration in the last three weeks. We noted for you, first off in China three weeks ago, more than three weeks ago, and then the rest. And now we sit at very important, very vital support levels. We'll see what comes of it. But all you had to do is listen. But also on that front, while the market's been rallying up,

what have we been doing for you? What not to own? We have highlighted for you the managed care stocks, the waste management stocks, so many other areas, and we use the word just avoid. We're not going to tell you to sell if you own them.

You get to decide. We tell you what we think. We're very careful with our words. And right now we have one word for this market. Mush. Today you had some things that have been weakening, bounce up. You had other areas weakening.

Mush. A lot of leadership, nope. Mush. And we'll see what comes of it as we move forward. And we'll just keep trying to decipher by hard work, a keen eye, tremendous focus. and an unbiased thought process based on what we see and not what we think because I got news for you. If we would look at all the things that are coming down the pike with debt and deficits and all kinds of crap,

hell, I would have thought we'd be a 25,000 Dow right now. But that's not what we do. We let the market decide. The market is the final arbiter. not my opinion, not anybody else's opinion. And when all is said and done, we do know one thing and one very important thing. The cream will eventually rise to the top. There has been some cream to the top here recently, a few names,

nothing in the way of big bull markets, but a few names that are what we call outliers compared to a lot of things. We continue to believe there's no more important medium. on the markets and the economy than this and we've proven it out time and time again and if we're wrong we'll be wrong fast and we'll be wrong small wrong is okay it's part of the business being wrong for a long time and being wrong big is not okay and that we're really dead serious about in a sea of massive losses since February of 21. So we're now in March, we're being told March is going to be good because the third year of a presidential cycle,

March is usually good. We couldn't care less about that noise. We're going to let the market decide. And as we walk into March, it's mushy. And if anything changes to the good to the bad. We'll let you know. But right now, mushy. We got a few more big movers on earnings today, but we've had a bunch of those the last few weeks, and all of them tuck their head in like frightened turtles. So up next, full market wrap, movers of the day. Lots of news today. I'm Gary. This is the one only Investor's Edge. Hi, I'm Gary Kallbaum, 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. 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 complimentary portfolio review. The number to call is 888-4-22-5-59. That's 8-8-8-5-59. That's 8-8-5-9. That's 888, 4-2-2-5-59. Investment Advisory Services offered through call-bomb capital management. This message is brought to you by the Capital One VentureX card. VentureX 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. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. Agents who are real tours do more than open doors. They have the ethical expertise, market data, and tools to bring you home. So when looking for a home, look for the R and work with a member of the National Association of Realtors. They're right by you. 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. And what once again to Investor's Edge? Dead serious talk on everything that's going on around us. Big time serious. And that seriousness comes from everything we've been telling you. And we'll do a little bit more of that when we do our news of the day a little bit later on this show. And as we also said recently, we're going to get it done soon. we're going to have this show on video live.

Well, not live because we tape it 4 p.m. but once it goes out, we got to keep it in concert with what time it is put out. And that's 6 p.m. Eastern Time. And we're probably going to do a weekly podcast. It's the new thing. on everything else because I am Mr. Logic Most logical man on earth

because we don't have any bias we can't stand any of them none of them we're waiting for a hero to show up we're waiting for some logic to show up we're still waiting hey the market rap is brought to you by investment

dash models.com That's Jim Roarback, one of the great market timers. No great areas with the man you're either in or out of the market with the proprietary indicators. Go check it out. Investment dash models.com. Dow up 5, NASDAQ down 76, NASDAQ 100, down 103. What have we taught you? What have we been teaching you?

What have we been explaining to you about risk on and risk risk? off in the markets, we would rather see the opposite. We'd rather see the NASDAQ types up, the Dow down. We'd rather see the risk on areas up, the risk off areas down. Just letting you know. Dow P-NP-5, S&P down 18, the NASDAQ down 76, NASDAQ 100 down 103, transports up 42. advanced decline 1722 on the New York 1923 on the NASDAQ there were more new yearly lows on the NASDAQ than new yearly highs a little more new yearly highs than New York but I can just look at the New York right now in real time and know a bunch of those new highs or a bunch of crap so there's probably more new lows than new highs yeah the beard energy transition acts acquisition corp, the Black Spade Acquisition Corp, the Spree acquisition, those are all SPACs that just sit there at 10 bucks and go up the 10-01 of New Yearly Highs. So there's really not a lot of New Yearly highs in the market. That is what is clear lack of

leadership. And the one thing we know about great bull markets, we're able to do a radio show and say this one broke out this one broke out 40 more broke out this group that group this group that group that group volume heavy

earnings up 80% earnings up 50% earnings up 60% revenues up 35% revenues up 40% and we can't do that right now in fact how many times have we been on here

hey seegates up big on earnings they were down 93% by the way since that happens Seagate is the nothing but come down. And we didn't predict the stock would come down. We just reported that earnings were down 93%. We were scratching our head. Who wants to buy a company that has earnings down 93%. And by the way, if they had good guidance, I would tell you, I didn't see any good guidance. So a lot we're dealing with here as we move into March, March madness. And as always,

we will take it day by day. Where's the strength today? Commodities. Why? The dollar is weak. dollar weak commodities go up strong day for the metals slash mining oils bounce today gold even bounced today and that's been really weak you had a oh caterpillar was up nine in the Dow today helping the Dow that's about 57 Dow points why would Caterpill metals mining has that component in it and Caterpillar broke back above the 50 day moving average, which is potentially good news. And in the aftermarket, get this, Salesforce.com, a down-and-out stock, been blasted in the last year or so. In fact, a high of 311, it closed at 167, and that's off the lows. It's 191 in the aftermarket. Nice. Beat estimates. Handily.

and of course a $20 billion buyback, which is like 8% of the float. Excuse me, 8% of the market cap. That will goose the stock. Just remember when anybody announces buybacks, it doesn't mean they have to, and it's usually from time to time. But very good day tomorrow morning for salesforce.com, and that's 23 points. So that'll be about 130 Dow points.

if nothing changes tomorrow. And guess what? Dow futures are up about 130 points in the aftermarket on Salesforce.com. One of the companies that have fired a lot of people and have controlled expenses. So we're getting a little bit of that. I do like the fact that revenues were up 14% year over year. We'll take that. Now, most of these gaps have been filled to a certain extent, some to a large extent.

we'll see what tomorrow brings for this and this has been a bull market big stock when we had a bull market symbol CRM on the N Y S E otherwise just a lot of mush what's mush nondescript best way I can put it hey that was nondescript breakdowns haven't done my scans yet but we had a bunch in recent recent days and you don't want to see the QQQQQ drop below 290 that would not be good news and maybe the Salesforce.com is going to help with tech tomorrow let me see what the interesting the QQ in the aftermarket's only up 40 cents I would have thought a big move in Salesforce.com would have done better we'll see what the overnight brings up next

on the edge this, that, and the other thing, and whatever else. I'm Gary. This is the one only investor's edge. This message is brought to you by the Capital One VentureX 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. 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. 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 swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for well, more microphones. Start your show today at spreeker.com.

Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. 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. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details.

You're listening to America is talking Investors Edge He's got to be pleased with that The crowd is just on his feet here He's a Cinderella boy With Gary Coltbaum It comes highly recommended

You're going to feel better if you talk to him And well once again to To Investors Edge I'm Gary Colbaum, your host Give me one second I'm typing something in Friday is open I am open

Hey we've got to do some things in real time that's how we roll here. Okay. In the news, I want to do in the news now, if you don't mind. In case you don't know, one of my big complaints have been in some of these mayors of cities. Lori Lightfoot of Chicago is out. She was third, and that means she doesn't go into the runoff. I want you to understand what we're dealing with here with some of these people.

In case you don't know, light on crime. When you light on crime, criminals think they can get away with more. And guess what crime did in Chicago? Anyway, she's saying she lost because she's a black woman. Interesting, she won being a black woman. And seven out of eight that were running in Chicago for mayor, black. A crime soared in Chicago by 52% in the last year. the person who's leading is strong on crime

you would have thought you would have been smart enough to do something about crime by the way they did some defunding of police in Chicago ladies and gentlemen I would be a great mayor of any city because the number one job of a mayor a governor a senator a congressperson a president is to protect the citizenry.

That's the number one job. It's a number two job. Defend and protect the citizenry. Without bias. As the mayor of a city, and we're dealing with a city, all the criminals will know. You do the crime, you're doing the time.

The DA's I hire would be real big asses. And what do we mean by that? You do the crime, expect to do the time. And guess what happens to crime when you do that? What do you think? What do you think happens? She did not heed that simple.

What's the word? Logic. And now she's out. And of course, blaming the race card. Yay. FTX. When we called for the bubbles to pop, one of the things we said in the bubbles,

when they pop that the criminals will rise, we'll find out who they are. And unfortunately, you know, some people were indicted with the SPACs. There should be others. We don't know, but FTX is one of them. Is now three people in the inner circle of this Sam Bankman-Fried have pled guilty and are cooperating with feds.

And in case you don't know, let me explain what bank and free did he stole clients money that's what he did simple is that he stole it clients money to give to politicians and have you noticed the media has not really talked a lot about that why do you think that is it's called the tank he simply stole the money for his own whatever needs and wants You can't steal people's money. You know, I manage money for a living. I'm not like Madoff. Madoff had Madoff security, so he had access to people's money.

But let's say it was Kaltbom securities, and I have access to people's money. I can't take that money and buy a boat. Simple as that. I cannot take that money and go to Vegas. I cannot take that money and give it to politicians. That's jail time. And that's what's going on here. Simple as that.

In the news, interesting. What did we complain about with crime, New York City? All they had to do was simple to make things better, especially on the subways. Have police in uniform. That's what you just needed to do. The criminals need to know that there are police there. and have more out there.

And once they know they're out there, they're going to do what? Not do a crime. Adams' year-old subway safety plan started working after the New York Police Department overtime surge. That's what's going on in New York City right now, much better in the subway. Even though when I was just in the subway recently, I'm telling you, I saw 20 people just jump in the, what did he call that, the turnstiles? which is not, you know, as long as not beating the crap out of somebody. In the news, interesting, what do you think about this? An Oregon bill will give homeless $1,000 a month to spend with no restrictions.

Now, in case you don't know, the way it's worded is the Oregon government is going to give $1,000 a month to spend the homeless with no restrictions. Well, that's not true. it's the taxpayer governments have no money they're funded by the other people here's my problem with that

and by the way I'm going to be careful with my words because you know I make it a point to speak to homeless I want to find out how they got to that position and some of these people

no fault of theirs though one you get my point but a lot of them what do you think they're going to do with that thousand dollars you think that's going to help a thousand a month really huge mistake

it's going to go towards things that a lot of it that's not going to help now if it was directed towards rent to keep them in some shelter, childcare, emergency expenses,

okay, I'm still not happy with it. I don't like giveaways, but no restrictions is the stupidest thing I've ever heard in my life. Welcome to the Oregon government, ladies and gentlemen, and I've got a lot of emails from my Portland peeps.

A lot of them pretty much agree what I've been saying there. Amazing. Amazing. In the news, can somebody check this out for me? Somebody that I follow, auto loan rates have just hit new records at 8.67% for new cars. Is that correct? On average, use cars 13.65. Can that be right? Or is that a misprint? Because when I Google it, I don't get those numbers. So if any of you in the know, I'd like to hear from you, that sounds too high. In the news, what did I tell you? What was it, a week ago about Starbucks? It's now 200 reward points to get a breakfast sandwich when it used to be 150.

Hey, New York Times in Wall Street Journal article today. Restaurant chains making it costs more to be loyal. They're all doing it. And they're all blaming inflation. And you know what? I can understand it. Breakfast sandwiches at Starbucks are eggs. Have you seen egg prices?

There is a consequence. In the news, there's an interesting one. Anybody ever seen TikTok? I've never been on TikTok. I know anything about it. TikTok will limit screen time for users under 18 to 60 minutes a day. Do you know what? kids under

kids under 18 have been spending their days on TikTok their whole day how are they going to be able to be able to track that I guess they can what if a kid can go on a different phone right

or a different application and lastly in the news the Supreme Court right now is meeting on student debt we'll finish that up up next we'll finish off with the markets and whatever else. This is the one only investors ed. This message is brought to you by the Capital One VentureX 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, 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. 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 swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it.

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. What's in your wallet? Terms apply. Lounge access is subject to change.

See Capital One.com for details. You're listening to What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In The Bester's Edge. With Gary Kaltbaugh.

So, just so you know, the Supreme Court's meeting on Biden wants to forgive up to, what is it, $10,000 of student debt. And if you made less than $125,000, I think that was last year. And that's what they're still working on. They're trying to win this. a judge knocked it down and 20,000 I believe if you're Pell, Pell Grant. Again, a government program that sucks run amok. You can't give loans to students of a quarter million bucks that want to be teachers. If they want to be doctors, you know, because doctors make more.

There's got to be, when you get a mortgage loan, a car loan, they look at what you make, your ability to pay off. With the government student loans, you don't have to have any ability to do anything. So now Biden wants to buy votes to help, you know, here, 10,000. And again, it's not government forgiving the loan. It's you and I for giving the loan. Now, I'm the most generous guy on earth. I'm the biggest tipper on earth. but I don't want government deciding where my tax dollars go

and also there should be some responsibility from somebody who takes out the student loan you take out a quarter million dollars you know you're not going to pay it back ever now something they've already done they've changed the rules to where after a certain amount of years the loan goes by-bye so that's already out there and I want to make another point on it by the way the Supreme Court I think is going to knock it down I've read some of the things they've been saying anybody know Robert Reich is he's an American professor I don't know at school now he used to be labor secretary for Clinton he's a control freak he's a government guy socialist Marxist control freak

I just want to read to you what he said it and where the problem lies with all this and what my issues are he says this if we can cancel trillions in taxes for a handful of billionaires, we can cancel student loan debt for over 40 million Americans. This is the utter stupidity of a professor at a college that used to be labor secretary. Government doesn't cancel trillions in taxes. It's not their money. Do you know what taxes are? It's what earners pay into the government.

It's not what government cancels, these control-freak dummies. There's a complete separation in what. people earn versus what people owe. But these government control freaks, you know what they really believe? They believe it's we the government, not we the people. They don't recognize or want to recognize it. We fund the government.

The government works for us. We're not supposed to be working for them. Just that one statement shows the other stupidity of socialism, Marxism, and control freakism, making no sense whatsoever. Nothing personal. We're dealing with you and your money, kids. We're just dealing with you and your money,

and they're trying to come get a lot of it. They've already stole a ton of it. 32 trillion worth. Just remember that. They were never supposed to do that. And if it was illegal to do it and they'd go to jail, they wouldn't have done it. All right, so tomorrow, good news. Salesforce.com, I don't own any.

Closed at 167. I got a 192. It's a Dow stock. That's 25 Dow points. That's going to be 165 Dow points just off that tomorrow. By the way, Dow futures are up 150 right now off of that. And this has been a dead stock, a bad stock and is still, even with this move, what, about 40% off the highs. And a $20 billion buyback doesn't hurt. On the other end, just letting you know what I'm seeing now, which we'll call it under the wow. A lot of secondary offerings. You know what secondary offering is?

That's company selling stock to you. A lot of secondary offerings. A hell of a lot of secondary offerings. Did you hear me? why do I say that a second time and a third time usually a hell of a lot of secondary offerings come near highs just today I've got one two three four five six seven eight nine ten eleven twelve thirteen announced and pricing that pre announced that price today 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12.

And some of them are convertibles, bonds that convert into stock, and some are just shares of stock. And one of them is Nvidia. NVIDIA. Important name. Why don't you write that down and put in your file manager? Gary's saying, wow, there's a lot of secondary offerings already. Could be of import. Remember, signs of tops, a lot of secondary offerings, a lot of froth, a lot of speculation, a lot of stupid.

Of course, we don't react until things actually break support levels. On the other end, on a good note, buybacks. In spite of what the administration say, buybacks are great. It creates wealth. And guess what? Government should not stick their greasy, grimy hands in what companies decide to do. do as long as they are within the rule of law so that's a little bit of stuff we are seeing big movers today first solar on another loss scratch in my head a duo lingo d uo l on a big loss

scratching sr pt on a loss scratching my head we'll be watching it put them down until tomorrow you have a great evening drive carefully and when you get home do like we do. It's quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. Work out, exercise, do the good things. Alcohol stinks. Marijuana is overrated. Have a great night, everybody. Always appreciate you listening. Take care. Bye-bye. This has been Investor's Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to Garyk.com. That's GaryKK.com.

This message is brought to you by the Capital One VentureX card. VentureX 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. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital1.com for details.