Investor's Edge with Gary Kaltbaum - A Mess [03.19.2026]

Episode Date: March 19, 2026

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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 Thursday, the 19th, 2006. And it's April. No, it's March. No, it's March. You know what I was thinking of April? I had to change flights a little while ago because we've got a lot of family business going on. As I told you, my father-in-law passed away at 92.

It's been one hell of a year in change. Mom at 91, dad at 93, father-in-law at 92. They lived great lives. As we said, heartbroken, but relieved because it got really tough at the end. And, you know, when we said this, we didn't know how the response was going to be. Everybody emailed us and said, yeah, we know. We went through the same thing.

So just so you know, today we are pre-taping the show. It's almost 1 o'clock. So we will not have the final numbers on this crappy market for you, but we'll go through what we are seeing and mostly not pretty for obvious reasons. In case you don't know, this is serious talk, very serious on everything that affects you. We'll do the markets, the economy, your job, your industry, war, oil, tariffs,

miscalculations, the TSA at the airports, the NCAA tournament. As we told you, we will have games for you. And you know when I said that on radio, boy, I got a ton of emails saying, yes, great! Because as you know, we were 10 and 1 in football

in the NCAA final and the rest of the playoffs and the Super Bowl of course which by the way we I believe we missed the score by one point or was it two points anyway

I'm traveling down to South Florida this afternoon tomorrow is the service and the funeral and that's why I have I'm doing this right down and I'm actually taking a train they got this thing

called the Bright Line from Orlando I'm going to get off at Boca Raton. I believe it's two hours and 40 minutes. You got Wi-Fi, the whole works. Better than going to the airports, right? By the way, if you don't get this show in your city, we'll post it at garyk.com.

We'll post it on the YouTube channel of BizTV and on Twitter. And if you don't follow us on Twitter, you should. And of course, if you'd like to email us, just be nice. We had one that was kind of, I'm not going to. I'm not going to use the word. People are weird. I posted just on Twitter what the gas prices were. I went to the gas station.

And I was called something weird. All I did was post the gas prices. That's it. There's so many people, I don't know how many. They're just so into the tank. You know what I mean by the tank, right? If it affects their person,

It's amazing to watch. Speaking of that, you know, many years ago, this show, we did the market and we did the economy. And we did the market and we did the economy. The market and the economy, market economy, market economy. And then we noticed something. Starting with Bush, the debt and deficit started. to really ramp up and kept going and going. So we started to add that in a little bit. What are these people thinking? How can they be doing this, this, that? And then we get into 07 and we had the financial meltdown, which by the way was brought to you by the mucky mucks that are now billionaires. Nobody got indicted. Nobody got their hand slapped. Nobody went to jail. Nobody went to jail, nobody. They committed massive fraud from the rating services. Goldman put a trunch together of mortgage-backed securities and sold them and shorted them. So they sold something they know sucked. Nothing happened to them. City Group took bad loans off their books before

earnings and put it back on. And it was reported. This was in the Wall Street Journal, and guess what happened to Citigroup? They were told not to do it again. I'm not making this up. So we realized that, and during that time all the way 2007-08 and everything melting down, what happens next, they just drummed up $800 billion, I think it was $800 of our tax dollars. and gave it to the people who committed the crimes. And we never got a dime back.

You remember that, right? Did any of you ever get a check saying return on investment for loaning the crooks who committed fraud that created the meltdown? Any of you get a check? Oh, that's right. You didn't. So all of a sudden we realized there was something up. And you know what we realized? that the people in Washington, D.C. went to Wall Street.

The people in Wall Street went to Washington, D.C. They were all best buddies, and they all gave us the middle finger. And since then, they just continue to give us the middle finger. So we had to talk more about them. And, you know, we get emails every now. Talk stocks, markets, markets. The markets are them. You had the head of the central bank,

to $9 trillion and take all that money and interfere with the bond market screwing every saver. Remember you got 0% on your money markets? That was one man in government. They allowed one man, we allowed, we had no say, one man in government to do that. So we had to talk about it. And all we have gotten is a crap load of lies from all of them. all of them all of them

Bush Obama Obamacare oh we're going to put millions of people on and get rid of pre-existing conditions but your premiums are going to go down let me ask all you out there have your premiums gone down

simple question no instead they have skyrocketed Barack Obama lied his ass off to you and there's a video of this guy named Jonathan Gruber, one of his architects of Obamacare, saying, yeah, we lied to the American people, and you know why we were able to lie? Because American people is stupid. Go look. It's there. You think Obama was ever questioned about it? No. Why? Because the media colluded. They weren't collusion. Obama can't do any wrong. And then we get Donald Trump. Oh, I'm the greatest deal maker on earth, greatest financial guy on earth. I'm going to cut the deficits. We're not going to have any debt.

And he just ramped him up in his first term. He ramped him up, right? And don't get me started on other things with Trump. And then we get Joe Biden. What was the name of that thing he put out? The first of the $1.8 trillion, the inflation reduction, Act and then he actually, I don't even think he remembered. He actually came out and said, yeah, the Inflation Reduction Act does not reduce inflation. He actually said that he's such a

doofus. And he had some other act. I forgot the name about debt and deficits that was a complete lie. Biden. Oh, and he also told us that the border was secure a hundred times. And his guy Mayorkas, a hundred times. Joe Biden should have been impeached for that. Totally impeached. For putting us in harm's way. And then we get Trump again. A lie a day.

Tariffs are paid by other countries. Yeah, sure. I'm going to handle the debt and deficits. Yeah, sure. 2.8 trillion deficit in the last year. Great. But I digress to what I'm. My point is, I want you to think about something.

There are four and five and six hour waits at some airports. Brought to you by the government. Up next, we'll put a bow tie on it, get into the markets, and whatever else. 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. 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. The number to call is 888-4-22-55-9. That's 8-8-5-5-9. That's 888-4-2-2-5-9.

Investment Advisory Services offered through call-bomb capital management. 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 welcome once again to Investors Edge. So what am I alluding to by prefaceing all this going back to Bush? They're trying to tell us now, we cannot pay the people at TSA. So a bunch of them are already retiring. Go screw yourself. And a bunch not showing up. to where there are certain airports that have hours and hours awaits. People are missing their flights.

People are missing their connections. I'm seeing frontier screwing people, making them pay up for the next flight because they can't get paid. I want you to think about that. They're government workers, by the way. Our government federally is going to spend $7.5 trillion. this year and TSA can't get paid. Our government ran a $2.8 trillion deficit in the last year and TSA can't get paid. They're calling for a trillion bucks for the war, but TSA can't be

paid. They suck. And I know what you're saying. Oh, it's the Democrats fault. And you know what on this it is but aren't you sick and tired of the democrats saying it's the republicans fault when it is the republicans fault and the democrats saying it and the republicans saying it's the democrats fault when it's the democrat aren't you sick and tired of it haven't you had enough think about that they're saying they can't pay think about that their job is to oversee this country

protect the citizenry make sure the things they run are running well and where is Donald Trump in this the king of executive actions why not be the hero and come out with the because he loves naming his names the Donald Trump

executive action to pay the TSA people with all their back pay immediately executive order. Where is that? Do we not think he can do that? Seriously. You're telling me he can't do that? Anyway, you see where I was going with this? They suck.

All of them. And you all want, oh, you like this one, you love that one, you hate this. this one, you hate that one. How do you think we got here? It was Bush, Republican, Obama Democrat, Trump, Republican, supposedly. Biden Democrat, Trump, Republican. And all the miscreants in between.

They can't get TSA paid in this day and age. With 7.5 trillion being spent federally this year. And people missing their flights in Biden. the way some of those flights are not what we would call not necessary. I bet you there's some flights of moms, grandmoms wanting to visit mothers that are about to have a baby or funerals. I'm taking a train down to South Florida. The only flight tonight is Southwest Airlines to Lauderdale.

I'm not even going to try. I'm taking the train. Let's get tomorrow. You get my point. Aren't it tired of it? Oh, by the way, I forgot the campaign finance reform. You remember that? Taking money out of elections.

They freaking lied out their asses. And we just sit here and take it. Because this side is ours and that side is ours. Why do you think I blew them all off? We should come up with the screw them, all party. We really should. Hmm. Maybe that's an idea. Anyway, it's 1-11, Dow's down 460, S&P 55, NASDAQ 218, NASDAQ 242. It's tried to rally a few times today. It has. But each time, and oil prices are down a little bit today, but nothing special. Each time it's tried to rally and just kind of has petered out. It's not at the low of the day right now,

but it's starting to aim towards it. And what we do want to do is decipher a little bit and be repetitive as usual. Avoid housing and housing related. Stay as far away as possible as it. It's worsening. And by the way, they came out with a housing start number today. Let me see if I can find it somewhere.

it's what I would call holy crap even worse than anybody would think I'm just going through it right now I know I saw it somewhere come on little guy if I find it I'll tell you but I think it was like 200,000 lower than expected on housing and we kind of already knew right right I'm looking for it as I speak. So just stay away. And when we mean related, we mean related. Home Depot, Lowe's, restoration hardware, Sherwin Williams, things like that. It's miserable now. It's quite miserable. But interesting enough, they come out with this Philadelphia Fed Index, was better than expected today. Who the heck knows? All I know is we had 0.7% GDP, and that's not good news. I do believe William Sonoma, though, had a good reaction to earnings yesterday, sold right back off.

Housing-housing-related. Avoid all the financials. I don't have a financial stock in shape now. some of the Canadian banks were holding up, they're starting to get them now. And some of the financials have blown up. Absolutely

blown up. 30s, 40s, 50s. And that's of note. That's just for starters. For now, you have to avoid anything that uses a lot of gas. Up next,

we'll keep going sector by sector now. to give you an idea, and there's some good pockets of strength. We'll get to that, too. This is the one only Investor's Edge. We'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 Colbomb. It comes highly recommended. You're going to feel better if you talk to him. And welcome once again to Investor's Edge. So, we mentioned financials.

and housing. Not good. Insurance stocks. Not good. Big breakdowns. Go look at I.A.K. It's the insurance ETF.

Big breakdown in insurance. And I gather you can say that's financial. But it's an absolute avoid. We mentioned the travel related. using a lot of oil, right? Airlines, cruise lines, truckers, rails. And as you know, it's been hit pretty damn good. And I must tell you, the rails and truckers were acting damn well before this episode, for lack of a better word. We just avoid them right now. And we get asked every day, but Gary, isn't this going to end? Aren't they a good value? The problem is, I don't know

where it ends. Yeah, you're right. 100%. When this ends and if oil really tanks and one would think one plus one equals two, it will, that the beneficiaries will be the airlines, cruise lines and all that. And by the way, a lesser extent is the hotels

they're under pressure. The casinos have been barished for a long time anyhow. Avoid. And as since we mentioned all those, we're talking transports. And then there's the medicals. We've mentioned to you the research and the medical products, just bare markets, medtronic, things like that. But what also has happened now is the drug stocks have completely topped.

Topped. They're in a bearish phase right now of unknown time and price. The PPH is the ETF for pharmaceuticals. go look it's topped and you already know about the managed care holy crap that's united health and the rest but i get i think they finally topped out the hospitals which by the way have been strong because they can charge you anything they want right i told you my wife's $26,000 story my $4,500 my excuse me my 26,000 dollar story my wife had a story for many years ago she was in the hospital for ulcer of chrylitis many years ago and we get the bill we found Tylenols, two of them for 26 bucks. They called it cost sharing. I had a $26,000 bill for 10 hours. No, really. And then they try to charge $5,000 for outpatient. I said I wasn't an outpatient.

Oh, we'll change that. We'll take it off. Well, they didn't take it off. They just changed it to observation. I go, observation. What's the rest of it? Not observing? Anyway, I went back to them and all of it got wiped out. They're really good. Yeah, just charge them this, charge them that. 26,000 for eight hours. And by the way, they really didn't do any tests. I think they did a couple of things.

26,000 bucks. And I don't know how it works. Do they get paid? Do they don't get paid? This gets a write off. This gets a charge off. The insurance company pays. this, this pays that, who knows?

You know what I do know? The hospitals are getting bigger and bigger here in central Florida. That's what I do know. And they're buying everybody out. What a business. I'm in the wrong business.

The consumer staples, some of them were acting well, not anymore. It's topped out. Most of the commodity stocks, the copper, aluminum, all that crap. topped out. Remember we told you about gold miners as soon as they broke the 50-day avoid? They're crumbling. And guess what gold did today? It's the number one question I got today is gold.

It's down 22 bucks to GLD, 5% to 422. And you know what? Everybody's smart. Everybody asked the same question. How is gold going down when we're at war? What a valid question. You know what my answer to every one of them was? I have no idea. But now gold, and we already told you silver is much worse than gold. These are avoids. Most retail are avoids.

Not five below, which is up 23 bucks today to a new high on earnings. Not raw stores, which is almost at a new high, had good numbers. Believe it or not, Burlington is okay. But tons of things, big bear markets in retail. Autos, auto dealers, payroll avoids. China avoid really the weakest area right now. And then there's some other things that have topped out recently, just pure, unadulterated. avoids. Anything below the 50-day moving average. And there's a lot of those restaurants.

Ew. Oh, did I mention economically sensitive? You know those names. Otis elevator, carrier air conditioners, Borg Warner, Sherwin Williams, Stanley Works, Snap-on tools, whirlpool, all in bad shape. So a lot of avoids. Wish I had better things to tell you. Oh, biotech and the medical is topped out too. But strength, obviously, oil stocks. What's the problem with even thinking about them now? They've had a big move because of the movement in oil. And one has to think, wait a minute.

What if tonight the president, we've done enough? Well, we don't know if that's going to open the straits to what point it does, but I got to believe. You get a $10 drop in nanosecond of oil prices. And that means oil stocks are coming down, don't you think? And the same for fertilizers, which is also, there's a bottleneck too. Those are strong. And today, coal, just letting you know good moving coal today. If you look at charts of BTU, how about CNR, the kind of

breaking out. Coal. So there's a commodity that's making a move. But besides that, the only other area is that same area I've been telling you about. Semiconductors, not all, but the benefactors of the AI. And then that AI trade. Now, some of the building slash construction have gone by the wayside.

But I got to tell you in a crappy market, most are all green today and some strong green. Unbelievable. Sienna. Coherent. Symbol Light. L-I-T-E. Insane. Seagate Tech.

Western Digital. Vertive, V-R-T. Just strong. Corning. Strong. How about that GE Vanova? Electric power. Strong. That area. Unbelievable. Another crappy day. And they're just ignoring it. That area. Which has me thinking, are we going to get a climactic move in these names?

And then in the semis, the equipment guys, ASML, AMAT, K LAC, LRC, LR, though under some pressure around here and in and around the 50-day moving average and are going to need to pop off of that, which hasn't happened yet. But on a relative basis, a tiptoe through the tulips. And then some others that I call lesser in the AI realm. Symbols, B-E, F-N, Jable opens up down 20 yesterday on earnings. You think, oh, what happened there? finished down maybe a couple I think and it's up another four bucks today in a crappy market a P-O-W-L K-E-Y-S

them too but it's now much narrower I keep lists and I on my list is a lot of strikes through the symbol meaning they went bye-bye up next we'll update up to date on the market and whatever else. This is the one to only Investor's Edge. You're listening to

What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! Investors Edge with Gary Culper. And welcome once again

to Investor's Edge. Again, we are taping this show very early. It's only 130. I will tell you in the last few minutes oil prices drop two bucks it looks like and is way off the highs of this morning

but the market can't get traction it has tried a few times today the Dow's down 357 as I speak nothing really down big today in the Dow just everything is Dow down except Chevron and oil and Johnson and Johnson which has been one of the stronger stocks in the Dow and And yet Johnson and Johnson's a medical. It is a port in the storm of the medicals. And their numbers have improved immensely over the last couple years. And actually, Cisco Systems is up. But everything else is down.

Caterpillar's 11. Goldman's only down two bucks. It was down like 12. I'm watching that. You hope things get better. But I need to see finance. I'll know if I see a bunch of financials turn green. And it's been trying all day.

As I said, Goldman Down 12. City groups up now a little bit. Want to see that. As I said to you, the oils we know, some other commodity areas, the fertilizers, we mentioned coal, but that AI optical storage memory data and some of the, semis just remain an unbelievable wow of holding up versus the rest number one but other there's some names that are just strong and refuse to break they've tested Seagate tested the 50-day average and working out for example L-I-T-E do you know L-I-T-E on Tuesday gap down well

Let me give you a Monday. Opened at 673, closed at 624, because there was worry about, and Viddeus said something, maybe they're not going to be used. And then the next day, gaps down 50 bucks to 573 and closes at 650. Yesterday, gaps up, hits 743, closes at 700. Today, it gaps down at 670, it's 750. 80 bucks. This thing's moving 80 bucks a day. But it's up 50 bucks today. That is strength, kids. So that area pretty darn strong. I mentioned the discounters. Not all. But by the way, even Target has some relative strength. And you know how weak they've been. But I'm not the biggest of fans just yet of that stock.

but raw stores five below I will tell you T.J. Max but is below the 50 day a little bit right now and needs to get worked out. This tapestry not so bad

and that's in comparison to a lot of the retailers that have been bombed. Absolutely bombed. So just let you know what's working, what's not working. You know, the big,

there are questions to be answered from up high on the war and what's going to happen. You know, there are people that think even if the war ends, that oil is not going nearly back to where it came from, even though the administration says it will. Of course they're going to say that. So I'm kind of doing a... On the train today, I'm going to be going through that

and trying to... I don't know if I'll be able to figure out, but what would be the reason if we end... the war, open the straits, what would be the reason why oil would not go back all the way where it came from before the war? I'm going to try and do a little deep dive on that. I'm not sure I'll get the answer, but we'll try and figure it out. Anyway, so oil's down today, but the market, not happy, which gets me to the other part of the equation. Is there more that meets the eye? And just remember, we've got.

just got an 0.7% GDP. That is not a golden age. We just got a job number, loss of 85,000 or 86 or 87. I'm close. Jobs in a month. That's not a golden age. And we just got to pick up an inflation yesterday. That's not a golden age. And the 10-year yield is moving higher. By the way, it hit 4-326 today. 4.4.5.4.5.4.4.5.4.4. 326, which was a breakout above the January 20th, but it's kind of tucked its head in like a frightened turtle today. So hopefully it stays down. We'll see. All I can tell you, there's not a lot of great news to tell you. And of course, there's still tariffs out there, which are insane. And remember what we told you early on.

Eventually the tariffs are going to bite. We told you that. It doesn't happen a week or month, but in months, because tariffs are a tax on us. And as I told you, I have a buddy that I had some lunch, old college buddy, doing very well in his business. He paid $900,000 tariff recently. That's right out of his bottom line. And now they're doing their thing to get it back. and they're supposed to get it back

but he thinks like he actually there are brokers now that do that for them there are people that go out to get your tariff money back and get a piece of it that's going on and I can promise you

900,000 for him Apple paid 1.2 billion but they got exemptions so who the hell knows I just know I'm a big believer in higher taxes are bad. There are repercussions.

And speaking of that, do you know that the state of Washington just passed a 9.9% tax on personal income above a million. It's to take effect 28. It's expected to impact, oh, 21,000 households. No big deal, right? There's going to be a fight because I guess there's some law in Washington. there's a state prohibition on income taxes, I think. Imagine those 21,000 households and what they're going to do. Anyway, wish I had better news.

Crappy Market Day, down 400 as we're out of here. You have a great day, drive carefully. Adam will be doing the show tomorrow. We'll give notes if anything happens. Great day, drive carefully. When you get home, do like we do. Make sure you hug your family, hug your children. They will feel better.

You will feel better. hopefully by the close today it gets better stay well be well have a great day bye bye 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 gary k dot com that's gary k dot com