Investor's Edge with Gary Kaltbaum - A VERY GOOD WEEK IN REVIEW

Episode Date: January 27, 2023

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

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 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 Colbom, your host day.

Thanks of being with us today. Glad you here, ladies and gentlemen. Happy that you are listening. It's Friday, January 27, 2020, 23. And before we even get going, I feel even better about the Eagles. beating the 49ers at home this week minus the two and a half. Just letting you know. I say that because, man, a lot of people like Sam Fran.

When a lot of people like one way, I go the other. But the other thing is, just so you know, the home field is huge, especially in Philly. I don't know if you know that. Though they're all professionals, man, they just look. And look, it's just a football game, just so you know. I have absolutely no feel for Cincinnati against KC, though my edges toward Cincinnati. You know, they did win the Super Bowl last year. They were scammed by a bad ref call at the end of the game.

Anyway, that's my football thoughts going into this weekend. But, you know, my football season ended when the Giants lost the Philly. And maybe I like Philly because they kicked my Giants. You know what. Anyway. Hey, thanks for being with us today. In case you didn't know, this is a show that mixes them with us, the politics, the interlopers, the interferers, the bad people, the Morlocks with us. Investors, traders, speculators, workers, them against us and the markets, as they have destroyed.

free markets. They've destroyed the future with 31 trillion of debt and their lies and they're cheating, they're stealing and their corruption. The latest that you see Pelosi, they sold like three million bucks of Google stock. You know, the DOJ just sued Google. That's inside of trading. They knew. But nobody does anything about it because they're Teflon. So we'll keep talking about it. whatever matters that affects you all right it's like a good news and bad news but the bad news is dependent on where you sit the good news is another good day another good day though off the highs the bad news is and it's all dependent on how you take it we have told you time and time again under no uncertain terms that usually the ends of bare markets

wipe out wash out major league froth major league speculation to the point where nobody has any interest in it for a long long time now there are some people that think the lows were put in in October, even though, well, the Dow put the low in in October. The S&P 500 put the low in in October. The NASDAQ retested a bunch. There are those, though, that think the average stock bottomed out in June, which is not true. Some did, some didn't. And you undercut to lows in October. Nevertheless, today, massive froth, massive speculation. Short squeezes in what we call the hunks of junk appeared.

And of course, a little bit of lying also. What do I mean by lying? Oh, somebody floated a rumor about one of these speculative pieces of crap about a buyout. there's not going to be any buyout, and the stock got a moving. And we always tell you with these stocks, just don't be the last one in. We don't know how far they go out. We don't know how long they last. Just when it's over, don't be the last one in.

And we mean that. We have no idea how long it lasts. So before we even get going, we just want to let you know something called lucid. the stock is only gone from 60 down to six electric vehicles now mind you they sell electric vehicles they have a business today out of nowhere uh 210 million 202 million shares traded there's only 500 million in the flow uh short on it let me give you the shorts six days oh about 140 million shares short today opened at nine hit 18 it's up 100% closed at 1280 so hopefully you weren't in at 18 but it wasn't

just that it was others in the group and then of course when short squeeze happens here goes GameStop up 14% today so we just wanted to be up front by saying we don't want to see that it worries us do you know the last time we had this big short squeeze was Bed Bath and Beyond in August do you know what happened in August the market got trashed by the way Bed Bath and Beyond cannot pay off their creditors just letting you know and it got short squeezed just two weeks ago. So let's just put that in our file manager.

Why? Market's still acting. Well, notwithstanding some bearish areas, which we will continue to go over. Remember, if you can just wash out and wipe out the bearish areas from your portfolios, you're so way ahead of the game. And you do know in bull markets,

there's still plenty of areas. stocks that are not making the great. So if you can just eliminate those, that's huge. So we'll keep on that. But overall, market, bad earnings bought up, the software, tech, internet, technology again, type names. Very, very, very, very good. relative strength in here a lot of the stuff that was bombed out we did this whole dissertation for you yesterday on how things bottom with the stair steps more names today with the stair steps the other little worry I'll add some of the worst of the worst are actually coming off their lows now again we don't want to see excessive

speculation it tends to stop rallies Monday will be another day and may I state for the record next week. My estimate, based on my rusty abacus from 1979. I think we got about 35% of the NASDAQ 100 reporting and Thursday after the close just three names. 26%. Do you know Apple, Amazon, and Google are reporting after the closed Thursday the same day?

I hate that. You know what else is reporting that same day after the close? Qualcomm. That's another one. You know it's the day before? Facebook, which is actually acting better. And that's a few percent. Amgen's on Tuesday.

eBay's Wednesday also. So big week next week, we'll stay on top of it. But all we can tell you, notwithstanding the froth and speculation, the areas ain't working. Just it doesn't show us. in the Dow today, even though the Dow was up 200 late in the day, the final number not as good, just good action in the

tech arena. By the way, at 315, the Dow was up 210. Finished only up 28. We'll explain that too. Okay. 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. You want to join us on Twitter? You want to follow us? Just go to Twitter put our name in or press the button at gary k.com you can email us just be nice and everybody it's great everybody's nice every now and then i get something but you know what i kill him with charm and then i get into nice discussions up next full market wrap moves of the day news of the day whatever else today i'm gary this is the one only investors edge hi i'm gary colpom 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 888-4-2-5-59. That's 888-5-5-9.

That's 888-4-2-2-5-9. Investment Advisory Services offered through call-bomb capital management. 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. I earned my degree online at Arizona State University. I chose to get my degree at ASU because I knew that I'd get a quality education, they were recognized for excellence, and that I would be prepared for the workforce upon graduating. To be associated with ASU, both as a student and alum,

it makes me extremely proud and having experienced the program, I know now that I'm set up for success. Learn more at ASUonline.asu.edu. 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. Hey, thanks for bringing us today. Hope you're having a good day. Hope you have a good weekend ahead of you. Let's see. What's my weekend looking like?

You ready for my weekend, just so you know? A, I'm going to work out like a maniac. B, tonight is Smackdown. Tomorrow night is the Royal Rumble, WWE, and Sunday is football. That's my weekend. And we'll take my dog to the dog park where all the dogs will run into the water. He won't.

Winston doesn't like going into the water. But we'll have a blast. And otherwise, major, major league working out this weekend. I added that medicine ball type crap where you throw it on the ground and that type of stuff. I got news for you. It works. It works. And as I've said to every one of you, as you get older dudes, you better get working out because I'm telling you, it doesn't get any easier.

And you can just tell. Recovery's tougher. Little aches and pains here and there. joints here and there, nothing you can do. Age. One thing you can't stop, you can put off. You can't stop. All right.

So, number one, bearish, we would continue to avoid, manage care. Go look at United Health and the Dow. it's now an anchor go look at you manna down another 17 today elevants down 10 we've been warning you about that we called the top on that defense stocks

yes defense stocks even though L3 Harris was up 15 today on their minus 1% earnings a bunch of the consumer staples food drug beverage household products

Colgate was down 4 bucks today, 5% on their numbers. Proctrine Gamble acts bad. That's another area. But I have to reach now for real bad areas. There's still a bunch of retail stocks that are weak as all heck. I mentioned drugs, right? How about the drug store change?

You ever see a... Go look at CVS and what that stock looks like. There's a bunch of oils that are in bad shape, though, fewer in good shape, but a lot of things the floor has lifted up. Simple as that. Even the worst stuff has come off the floor with a little stair step to the upside. Of course, there's also earnings. I can tell you, KLAC, one of the very strong semiconductors down 29 bucks today on volume on their earnings. Bad, bad. And of course, that took down. names like lamb research applied materials and the like not a great day for the semiconductors so you've got

to constantly watch out intel trashmatic was down three i think who finished down two and a quarter by the way it's a 30 dollar stock just so you know earnings were only down 91 percent revenues down 32 percent which means why didn't the stock go up remember netflix stock has been strong on a 91 percent drop in earnings. There's a difference, though. Netflix announced better subs, which maybe things will be better next quarter. Intel sucks. Terrible. Terrible.

And we've been saying that they should be... I will tell you, Intel and Verizon should be out of the Dow. And Walgreens, by the way. That stock's been trashed also. Walgreens, last three quarters earnings, 30, 30, 30. That ain't looking good. And there's a smattering of

other things, but overall, much, much better out there. Coal stocks look to be in trouble, but airlines have come off the floor, cruise lines have come off the floor. Oh, solars are in trouble, too, except for first solar. And then there's these bombed out software names that are still down 50, 60, 70% from the highs, but they're bottoming out process. As we've told you, go read Weinstein's book, The Secrets for Profiting in Bull and Bear Markets, and he talks about stage analysis. It's a must book, must read book. And a lot of these bombed out names have gone from stage four the downtrends,

stage one, they stop going down, and into stage two, starting an uptrend. And this 2A, which means good uptrend, 2B late in the uptrend, you all should get that book. And I mean that. I think I've read it eight times. And of course I've studied it. That's on top of the O'Neill books, which I've read 100 times also. And all they do is teach you about the roadmap of the markets.

That's what we talk to about here, the roadmap. Remember, on January 6th, we said the complexion changed. Lowes being put in. Guess what? Low was put in. And you never know if that's going to be. We've called lows during the whole bare market. There have been lows and a bunch of them worked.

A couple of them lasted a day. This one, much better than the others. And you have that added addition. Yeah, added addition. That's a double up. Stocks are going up on crappy earnings. And we don't care about the reasons why. We'll know why, but we're just letting you know.

That's what's happening in here. Notwithstanding, we were up $270170 on the NASDAQ at around 315. Came in pretty good towards the close. I think it was just getting a little frothy in there today, a little too umpfy. And then again, the little bit of a worry, we don't want to see this froth and speculation into the crap. And I mean crap. nothing personal. We measure companies on how many sales and how many earnings they have, how bigger earnings they have. Simple as that. So that's a little bit of the story today. End of note. And this is why you have to be careful about earnings. Chevron was up six in change yesterday because they announced a big buyback. They reported earnings today down eight in change, which means Chevron's who runs the show there are a bunch of doof

they should announce the buyback the same day as earnings. That way people didn't buy the crap out of the stock yesterday and lose a bunch today. Mistake. Silly. On the other end, American Express. Earnings were down a whopping. Let me just say earnings were down 5%. That's not good. Stock was up 16 today to 171. At one time, I think, was up 19 or 20. and that's come up the right side. Also, we'll do some other names. We'll whine and complain about something else.

I thank you for being here. I'm Gary. This is the one only investors, Ed. 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. nation. 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. 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. Spreaker, 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. 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 Coltbaum.

It's highly recommended. You're going to feel better if you talk to him. And well, once again, to Investors Edge. You know, we talked about the other day about these conspiracy theorists out there and stuff like that. We always beg you to just be careful. There are just so many out there. agenda, so much stupidity, so many duffuses, I can't begin to tell you. One of the all-timers, and you know I can't stand Nancy Pelosi, right? I think she's corrupt. I think she's sleazy.

I think she's a lying sack. She has been one of the culprits of taking us to $32 trillion of debt. Her husband was attacked and got hit in the head with a hammer and he's been, you know, pretty bad shape. It looks much better now. And all the political idiots were out saying the guy who attacked them was his lover, and there's more to it than meets the eye and blah, blah, blah. And I mean, it went on for days, these idiots. And they're idiots.

I mean, they spend their days looking for what's next, the conspiracy. They just came out with all the footage from the police. It was what it was, this stupid, piece of crap was looking to take out Nancy Pelosi. She wasn't home. He held the husband. And when the police showed up finally, he went and attacked the guy. It's all that happened. Duh. And of course, the idiots that were calling for all kinds of crazy stuff, they didn't know where to be found now. And some of the things they talk about, it gets to be dangerous. The new one is everybody's dying because of the vaccines.

That's the new one. Oh, everybody's dying. Everybody's killing. They said DeMarne Hamlin from the bills. Oh, how to be the vaccine. People are morons. You think they wake up and have something better to think about. Everything.

And you know me, I can't stand the government. I don't trust them as far as I can throw them, but dudes. You know, I know somebody who's sane, I consider sane, they don't think an airplane went into the Pentagon. They think it was us. They think, you know, Rosie O'Donnell said 9-11 was an inside job. How she's even able to get on TV is beyond the beyond. And the sane person, I actually asked the question back, well, where's Barbara Olson? They say who?

Well, Barbara Olson. She used to be somebody used to go on TV, this, that. her husband was Ted Olson, the solicitor general. Where is she? If an airplane didn't hit, where's all the people? And of course, they can't answer that question. Anyway, I bring this up because, man, there's some weird people out there. Yeah, people are dying because of the vaccine. And there's no doubt people could have reactions to the vaccine and even bad reactions, but stop. I mean, if vaccine's a vaccine, you never know. I get that. And the latest one is these drug companies knew this, that, and the other thing, and they're trying to kill us. What was the other one? Oh, I know somebody who thinks they were injecting a chip into us, and they wouldn't get the vaccine. Not kidding. Not kidding.

The vaccine is injecting a chip into us, and we're being followed. That said, in Davos, Switzerland, the head of the whatever they do over there, I call it the Schmuckfest, says that. everybody should have an ID and have to count up how much carbon they used. That man should be kicked into grapefruits until he sings soprano the rest of his life. By the way, he had the nerve to say that. 1,000 private jets flew into Davos. 1,000 of them. And he had the nerve to say that.

And doesn't even think twice about what a moron he is. the schmuckfest John Kerry was there stating we're doing God's work we're saving the planet up yours he's getting on his private jet to go on his yacht that he inherited

or married into so yeah there is some real creepy little slime bags I get that but man oh man there's some weird stuff out there A man on the moon. There are people that don't believe there is ever a man on the moon.

No wonder they sell a lot of Xanax and Valium. And by the way, I'm the guy who don't trust the government. Anyway, just a little food for thought. I had to just mention that because I get a lot of emails and I got a few today. Gary, you were right. Because we had mentioned at the time because people were going nuts that day. Of course we were right.

And we could have been wrong. Because Pelosi's, psh. And as I stated, they sold up $3 million of Google right before the Department of Justice sued them. I don't make that up. Anyway, the market wrap brought to you by Investment-Models.com. That's Jim Roerbach, one of the great market timers. No gray areas with the man you're either in or out of the market with his proprietary indicators. Go check it out.

Investment-dashmottles.com. Dow was up 210, finished up only 28, and American Express accounted for 110 Dow points. So what was down today? As we mentioned, Chevron down 8. United Health down six and trains. Travelers down three in change. McDonald's down two in change. Intel down to these are all down names. Up on the Dow was Visa. The strength though, NASDAQ up 109, was up 180 at 315. Nasdaq 100 up 115. Sox was down 21 because of KLAC and Intel. But it was much better. But another decent, Software. I think it just got a little bit too short-term overheated today. I get that little feeling in my veins. It's where I want to be 200% invested. That's when you know we're going to pull back.

And just some things were up nicely today, 3, 4, 5%. Tesla was up 17 bucks today. That was up 10 to 11% today. Earnings yesterday, the gap to the upside, back above the 50-day moving average. They couldn't stop it today. and of course short covering also does help I got 100 emails on Tesla today

and rightfully so because we mentioned it yesterday we never give targets here ever we think they're useless we wouldn't be surprised Tesla going higher how's that 200 is the next resistance 199 after that 237

of course the market will have to cooperate. And volume was even heavier today than yesterday. And just so you know, the stock was doing nothing after earnings. Wasn't doing a thing until Musk said, ooh, demand's good. The market believes him. It better be right. Because we see otherwise, we can be wrong.

We see them lowering prices. Companies don't lower prices because they're generous. They're lowering prices to get people to buy. Now he says the lowering of prices really help demand. Okay. We'll see how it goes. Saw some people today telling us where things are going to be at the end of the year. Don't believe a word.

You got that? Don't believe the perma bears. Don't believe the permabbles. You've got to remember who they are. You've got to figure out who they are. They are of no use. Permabills will kill you in a bear market. Permibers will hurt you in a bull market.

And just remember, they never change their stripes so they don't count. And unfortunately, there's a lot of permables on Wall Street and a lot of analysts that lowered their ratings after stocks were down 75%. That's where you've got to come in and take over. And that goes for who's ever managing your money. We see what's out there. We see what's going on. We see the accounts. And we're stunned.

I don't know how anybody in my industry could have a conversation with you and answer the question, why do you own this stock that's gone from 100 down to 25? But there's a ton of that. Why? Because the leading stocks of the past bulb, as we told you, on average, will drop 70% from the highs. And guess what they did? A ton of them. Not all, but a ton.

Up next. This, that, and the other thing, and whatever else. I'm Gary. This is the one to only investors. 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 VentureX 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.

Spreaker, 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.

In The Wester's Edge with Gary Culper. All right. I've never met Benjamin Hall. He is a foreign correspondent for Fox. He got blown up during the rush Ukraine war. He was he lived. He was saved. And he was on Fox and Friends.

I believe yesterday, and I posted the video on my Twitter. Go check it out if you want to be inspired. He says, I've got one leg, I've got no feet, I see through one eye. But the man talked about as positive about life as positive can be. Two of his colleagues died right next to him. So one of them, his last breath. a photographer. He now is a book out called Saved a War Reporter's Mission to Make It Home by Benjamin Hall.

I have not gotten it yet. I am going to get it. Just a big wow. Puts himself in harm's way to report. And Irish cameraman Pierre Zekruski died along with producing. producer Alexandra Kirschnova in the attack. They were all working together. Unreal. Unreal.

I whine when I have a cold. Next week, Monday, after the closed, Whirlpool, NXP Semiconductor. You ready? Tuesday before the open Caterpillar in the Dow. Exxon. They took Exxon out of the Dow and put in sale. the Dow input in Salesforce.com and Exxon's at new all-time highs and Salesforce.com has been

trashed. GM McDonald's in the Dow. Pfizer. People are pissed off at Pfizer. They want to charge too much. Pulte Home, Spotify, UPS. After the closed Tuesday, advanced microdevices, Amgen and the Dow, Chubb, Canadian Pacific, Juniper, Match.com, Snapchat, that stock's been destroyed. Western Digital. Going to report a loss. Seagate earnings, same business, down 91% stock flu.

Wednesday after the close, Altria Group, they kill people. Well, they're cigarettes. Brinker International, that's Chili's. They have good burritos. You matter. That whole group's getting trashed. Old Dominion Freight. I have to stop on that one.

Just so you know, symbol O.D.FL, I would have bought the stock today. Breakout. Beautiful. One of the strong transport names. Can't. They report in three days. We'll see what happens there. Peloton is going to report a 65-cent loss. T-Mobile, waste management, after the close Wednesday, Facebook, I'll never call a matter. Landstar, eBay, C.H. Robinson worldwide, Allegiant Travel, before the Open Thursday, Alibaba. Cardinal Health, Eli Lilly, Estee Lauder, Ferrari, stocks acting well, Harley Davidson, Honeywell in the Dow, Hershey's, Merck in the Dow, Quest Diagnostics, I get all my blood taken there.

Snap on, after the close Thursday, Google Amazon Apple, 26% of the NASDAQ 100, Decker's Outdoor, Ford, LPL financial, microchip, Qualcomm, which is up there too. been acting well Starbucks would been acting well I've been keeping them in business though I've you know I haven't had an espresso in four months I went cold turkey I was having two triple espressoes a day four months ago I quit done out of here save a lot of money US steeled the WWE next Thursday after the close and Friday before the open regener on pharmaceuticals so you think it's an important week and I think is there a Fed

meeting next week? If it's not next week it's the week after Fed meetings let's take a look yeah February 1st so big week

and we got to deal with that yutz oh god you know when they use the word quack for a bad doctor this guy's the triple quack it's unbelievable that these people are at the central banks

and I can't find one who has a clue I take no joy in saying that and I heard somebody on TV today you think the Fed can engineer a soft landing you think they can get the job they don't do anything it's the 200 and some on million people that go to work every day working their butts off to do better for themselves

and families that do everything This guy sits behind his desk. They probably sit there playing paper airplane, Galaga and Ms. Pac-Man, eat Cheetos and get all that orange crap all over their mouth. And then they come out and say, well, we're going to raise rates a corner of a point because, you know, so we get them on Wednesday also. Yay, I forgot about that. I'm now depressed.

That all said, market acting better, notwithstanding a little cheese at the end. of the day and notwithstanding we don't like froth and speculation we don't like hunks of junk we've never seen new bull markets in the in the initial stages have this type now lastly we're asking this could be like 2003 during that time we had some real major rallies and then topped and rolled over badly anything's possible the good news is we don't even need to answer that question if the market tops again, we'll know it. It'll show them characteristics. But right now, except for a few areas that remain really bearish, not happening just yet.

Could it be next week? Sure. Could it be because something the doofus is at the Fed say, sure. Could the three biggies gap down on bad things? Sure. So stay tuned. We'll be ready. Without espresso.

You'll have a great evening drive carefully. 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. Monday, I'll be on with Charles Payne. Fox Businesses. Oh, tomorrow, 10 o'clock hour, Fox News, I'll be on with Neil Cavuto. Don't miss that. And until Monday, have a great weekend. Make sure you hug them, children. They'll be happy about it. Good night, all. Take care. Bye, bye. This has been Investor's Edge with Gary Coltbaum 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.