Investor's Edge with Gary Kaltbaum - Amateur! [10.08.2024]

Episode Date: October 8, 2024

https://garykaltbaum.com/

At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at CVS.com or just come by your food. store. We can't wait to meet you. Store hours vary by location. 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 of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Tuesday, October, 2024. And in case you don't know, this is serious talk on everything it affects you. We do the markets, the election, taxes, debt, deficits, scams, shams, corruptions, the Morlocks in D.C. And hurricanes, unfortunately. And if you do not get this radio show in your city, we will post it at GaryK.com. We'll also post it on our Twitter feed, which is now X. And if you don't follow us on X, you should follow us on X. And if you'd like to email us, just be nice. So, we'll start off with Hurricane Milton is arriving in the net well first through the west coast of Florida and it's going to be really rough on the west coast of Florida I can only imagine

it's going to hit as a category three it looks like and you know what we said yesterday it has no bias it is a killer. I am about 150 miles northeast of where it's landfall. I expect a category one, between a one and a two, I guess, when it hits here. We have moved the family as of tomorrow morning into a real sturdy hotel, just in case. And we have a sturdy house, but I don't around with these things. I've seen what they can do. And we'll see how it goes. I hate the fact that it is slowed down a little bit. I like it going 15 miles an hour. It was going about 10 to 12. And right now, I think it's about 8 to 9. On our end, the good news is they're telling us that highest wins will be 80 and there'll be Gus, but we'll be getting

whatever, whatever, whatever. We'll, yeah, what, what does that mean? Whatever, whatever. Tomorrow, we'll see whether we'll do the show or not, if not Adam, is at the ready. I'm pretty sure I'll be able to do the show. And frankly, it'll be gone on Thursday, and it'll just be a matter of what came of it. But we wish everybody well, especially the West Coast of Florida. A lot of the damage is done by water.

And in case you don't know, there's a lot of water there. So, fingers crossed. I went to college in Tampa, University of South Florida. I basically played on the tennis team and went to the beach. It's one of my big regrets in life is I didn't do anything with my college. If I had to do it all over again, I would have done a bit a lot serious about it. A lot more serious about it, but that's on me. All right.

So there's the hurricane. And of course, you can follow it and watch it and all that fun stuff. Milton, we segue. A few things I wanted to cover off the get-go as far as the hurricane. And we do this without bias. We say this without bias. We don't see R or D. I give a Stanley ovation to the governor DeSantis here.

I think he does a magnificent job. I measure government by their, what I call leadership skills. And what I mean by that is, do they have command of the situation? are they on top of things? And he is big time on top of it. You can tell that he is... Let me just say it again. He's on top of it.

And he's out there. Unfortunately, Miss Harris tried to play politics today. And she was basically kicked in the head right back trying to play politics. Anyway, that's number one. Number two, we'll stick with that side. Hey, I don't really know who Bill Whitaker is, but he is an interview or reporter, an anchor on 60 minutes,

and he interviewed Kamala Harris. And I have not watched the whole interview yet. I'll do that tonight, but he did his job. You know how I have told you I have offered a quarter million dollars to Harris to a favorite charity so I can interview her? Well, I don't need to anymore. Bill Whitaker did a great job. If you have a chance to watch it, he did a great job. He held the powerful to account. And all I can tell you, stumbling, mumbling, fumbling, bubbling, bubbling.

There's only one thing I think Whitaker did not do, which I've, I've done. would have definitely done, I wouldn't have been as nice. You know, we're dealing with the leader of the free world and I wouldn't have been as nice. But good job on what I've seen and I will check it out. But then I find out they edited out some of the things she said and replaced it with other things. That's 60 Minutes editorial people. So that sucked. Welcome to our world. I didn't see anything of Trump today. but my tweet, my pin tweet stands, the Ebola virus versus the bubonic plague. The things we find out about Trump on a daily basis pretty much want to throw up.

But we do have a binary choice here. And as I have said to you under no uncertain terms, we cannot continue the trajectory of Biden Harris, which means, you know what the alternative is. can't with go with this trajectory. It's just a con game. Massive government growth, reach, control, debt and deficits, and then come after you. Their favorite line is fair share. Go screw your fair share. We're talking fair share. If they took every dime from every billionaire, Every dime, it would fund five, six months of the government. Just remember the con.

Spend us into oblivion, then come tax us into oblivion saying, well, we just can't afford these very important things that we're doing. The one thing I love with Trump, if he follows through with it, and you never know with this guy, Elon Musk wants to run the government efficiency program meaning they're going to root out all the crap. Oh, music to my ears. I would quit everything I do right now for that job. You give me the government and watch what I do. The second year, there would be no debt, no deficits. I'd be able to cut it to the bone and not miss a beat.

You do realize they're scamming the hell out of you. They're spending so much waste that's not even funny. But Trump ain't going to give me that job if he wins. Anyway, my pin tweet stands. The Ebola virus versus

the bubonic plague. And we move on. Next, the New York Times had an article on debt. The New York Times is worried about debt? Huh. Huh. They've been watching the debt skyrocket forever. And now all of a sudden they're worried about our debt. I love these people. And of course, the rest of the media has drowned that out. Unfortunately, our number one crisis is our government. No, really. They're good parts

of the government, but a number one crisis is our government and what they're doing. Any of you ever asked the question? They spent $4.4 trillion the year before COVID. It's now seven. Where's that other $2.6 trillion going? You ever asked that? You should. We move on.

That's enough of Washington, D.C. I'm sick of them, too. And we'll keep cover them as we move forward. Hopefully we'll be on air tomorrow during the hurricane. And we'll actually be getting some decent wins tomorrow at four or five o'clock. I think just like 40 mile an hour winds or something like that. China. Notice the big segue.

China. Wait to you hear what happened overnight. I'm Gary. 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 888-4-22-5-5-9. That's 888-4-2-2-2-5-9. Investment Advisory Services offered through call-bomb capital management.

Economic headlines keep shifting, but the uncertainty remains. Market volatility, rising debt, and global tensions are affecting retirement accounts in long-term savings. Many Americans are turning to physical gold and silver. as tangible assets to help diversify their portfolios. Preserve gold provides educational guidance, including how metals can be held in an IRA. Get your free wealth protection guide when you text IHeart to 50505. That's IHeart to 505.05. Success starts with your drive, and American Public University is here to fuel it.

With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu.edu. At llegar to the 50, I've learned some things,

like the value of the family, the importance of the job, and that the 99% of the people of more of 50 have the virus that causes the Culebrilla. Although not all the people in risk will be I see

the eruption dolorousa with ampollos with the times making that even the things are

a lot of a lot not learn you know, about the little bit of the Culebrilla to the question to be fun.

Investors Edge. The last bastion of quality grabbing with Gary called bomb it doesn't get better than this and welcome once again to Investors Edge uh we segue China so as you know we take on nobody in the industry we put down nobody uh we we have no interest in it the only person we have taken on is Kathy Wood and not because we want to uh we don't enjoy how much money she has lost for people that have invested with her.

We hate that. What we dislike is how the young lady goes on TV and acts like, I'm up 300%. Her fund down 70-some-odd percent since 21. I'm not making this up. And she'll go on TV. I don't know if the word's arrogant. but she'll go on the TV and like she's having great years.

And the reason we bring that up because she's also predicted Bitcoin to go to a million a half. I think she has a Tesla number also out, whatever. And we don't mind predictions. We don't pay attention to predictions. But we bring her up because we've received, I'm going to guess 500 to 1,000 emails. What do you think? What do you think? So we figure we do it here and we take no joy.

We don't mention any names here. Only when we only when we name names, it's with compliments. We have no interest in putting down because the business is tough. This is a tough freaking business I'm in. Without naming names though, yesterday, a major investment bank puts out the note that they are now bullish on China and we expect another 20% move. Another one upgrades. Upgrades it.

China. And what have I said to you about China? The move it just had is like a redwood tree with the Eiffel Tower on top of it, with the Seattle Space Needle on top of it and after a move like that they're now telling you to buy it we're in the thought process we're sellers if we had any and we didn't

of course and this is why we love you all to become technicians because there are certain moments in time you don't buy things and that's after something does a moon shot. I was stunned and I was asked about it on Charles Payne show yesterday on Fox Business and there was no, he had mentioned who it was, and I'm not going to mention it was. There was no way I was going to put them down. So I kind of shrugged it and just said, well, we think the better is pullbacks. And we mentioned Ali Baba near $100 and I think it closed yesterday at $117. and $100 would still have it up pretty nicely off of this move.

Well, in case you don't know, they came back from vacation, China and all that crap, and they had this another announcement, and I have to tell you, I didn't even pay attention to the announcement. All I know is today, they remove some of the space needle. And as we had said to you, part of this move in China was commodity prices going up with it.

The casinos, because they make a lot of their profits over there. Oils. Well, they got squashed today. And when I say squashed in the relation to the move up, it really isn't a squashing. If you bought it yesterday, it's a squashing. And some things are more high octane than others like. CWEP, which is the Internet Index ETF, down 19%. By the way, on a gap to the downside.

The FXI, not as high beta, still down 9% today. One of the strongest names symbol FUTU down 13%. And to tell you how crazy it is, hit a low today at 102, closed at 112, still down 17 and change. So I didn't own it on the way up. I certainly didn't own it overnight. And what I do believe is there's a chance this thing can go much higher. A chance. I don't know. What we'll do as a technician is we're going to start looking. to see where's the area that's showing defense?

Where is that area? And you don't know in a day. You don't know usually in days. It's usually weeks. But in this case, who the heck knows? Because these things have been trading like penny stocks. But we'll advise. We'll let you know.

Rough day today, just everything down between 6 and 20%, 5 and 20%, depending what it is. On gaps, in other words, you can't sell overnight. You got to wait. And of course, we watched how many gaps to the upside. And to be clear, I don't know if they're going to gap them up tomorrow. Or they gap them down again tomorrow. I don't know. it's a lot of

freaking guesswork ladies and gentlemen a lot of guess work that's China for you fundamentally I still worry about China as I have said to you they built cities not buildings

not blocks but cities and I hear they're taking some of them down the property business they're troublesome And too much of that darn government. They were going towards market forces, and this guy, Xi, decided, I'm a communist. There's no market forces. So just letting you know, we'll see how it plays out.

First real ugly day. Oil prices down three bucks good because they were going up. Oil stocks were trash today. Commodity stocks were trashed. today. And up next, the rest of thine market. As we wait for Milton, this is the one only Investor's Edge. With record U.S. debt, ongoing geopolitical tensions, and constant market swings, many people are rethinking how to protect their savings. Physical gold and silver have been used for generations during uncertain times to diversify, not replace, traditional

investments. Preserve gold helps Americans understand these options. Text IHeart to 50505 to get your free wealth protection guide and explore how precious metals may fit into your retirement planning. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who are designed for people who are. never stop. You bring the fire, APU will fuel the journey. Learn more at APU. APUS.edu. At the age of the 50, I've learned some of the family, the importance of the job, and that the 99% of the people of more of 50, yet have the virus that causes the

Culebrilla. Although not all the persons in risk, the I will do you see the eruption dolorous with the opiress during

that even the tasks more simple are all a real not learn about the question

about the talk about your doctor or pharmaceutical patrocino for GSK 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 comes highly recommended you're going to feel better

talk to him. And welcome once again to Investors Edge. So nice day today in the market. The opposite of yesterday. What was the NASDAQ down 200 and something yesterday? It was up 259 today. A percent and a half. Usual suspects. Our number one stock meta up eight bucks. Went to 600 yesterday. Got hit back down. We'll see if it gets through. Just remember we're in the big, we're big believers of the big number theory. You get through that big number. and Viti up another five, a little bit above another range. Things like Spotify 7 service now. It was up 16.

CrowdStrike 6. Oracle, foreign change. Netflix 19. It's a good day. Salesforce.com in the Dow up 7. Home Depot up 6, but I think that is the hurricane. and I learned something new by the way on generators I've never had a generator even though I've lived in Florida a long time

I had no idea you're not supposed to put your generator in your house you're supposed to have one of those extension cords you put it outside because a carbon monoxide I wouldn't have known that I mean I would have checked if I got a generator learned something new every day I had no idea about that but just a good day while China was smacked, while the commodities were down, while oil oils are down. And to be clear, there are some areas that have topped out recently.

I can tell you the hospitals have topped out for now. You already know about the commodities. Insurance stocks were whacked yesterday. Some of them bounced today. Some of them were down. And that's going to be what we call all depends on what happens with another hurricane. Dow up 126, and in the Dow Day, Home Depot 6. Apple bounce 3 and change, almost 4.

Salesforce.com is set up 7. Microsoft, still below the 200-day moving average, was up 4. Travelers bounce 4 after getting trashed yesterday with the rest of the insurance stocks. S&P up a juicy 55, NASDAQ 259, NASDAQ 100307. and just usual suspects in NASDAQ, and let's hope that continues because you know what I love. I love the NASDAQ. A lot of stocks have created a lot of wealth on the NASDAQ through the years

because a lot of technology goes through there. And in case you don't know, the productivity gains that we have had over the last 20 years, it's ill. And by the way, that's a compliment when I say ill. Amazing, huh? Amazing. I still remember when Margo Voisich, the head of HR, my old firm, I think it was 1990, I don't know what year, let's call it 93, 94, walks into my office, hey, we're going to set you up with inter-office email. And I said, what's that? Well, you can mail people inside the office. What do I need that for? I can just go in there, walk. in their office, just letting you know. I remember that day. You know how you remember little things? That was one of those things. Think about where we've come. And I try to tell my sons how lucky they

have it. And I am my goddaughter's tuna. I try to explain to them when I was a kid, my Google was the Encyclopedia Britannica and it was one year old. And if you wanted to find out the history of Abraham Lincoln, you go to L, and you open it up in this probably, I don't know, a few pages at most. And now, Google Abraham Lincoln in his history. Oh my God, what's there? That's why it pisses me off so bad to see these ass clowns praising Hamas and blasting Israel as apartheid. Because if they just Google, well, right now in Google there's some crap on there if you put in Israel. but if they really got the truth, they know, but they don't care. They're all boring anyhow at this point. Anyway, that's why we love tech, and in case you don't know,

the greatest growth rates have been out of tech and some retail and things like that. I mean, Nvidia, the growth rate in this sucker? Wow. And it's not just that. There's plenty of names. And we've, as I said, we've had it in restaurants, Chipotle. I mean, holy crap. You know, I've made money on Chipotle, but for such an easy business to understand, I'm so pissed at myself. Do you know the stock it came public in 06 and it was 79 cents? You know, they just did a big split. It was 79 cents that week. It's 58 bucks today. And I've never really made big money on it. And it's so, easy to understand. It's a freaking little restaurant that serves the same thing and they plastered it

everywhere. Boom. I did have Outback Steakhouse for a decent move. I did have JetBlue for a good move when it first came public. I still remember. My buddy Kevin said, you got to own this. I'm going, I don't like airlines. Just get it. And boom, it worked for a while. Sometimes, oftentimes, just look around you and experience it. Spirit Airlines is, I think about to go bankrupt. Have you overflown them? Kmart just shut their last big store. Were you ever in one? Just the little things, kids. And there's some companies now that are up against it. Up against it. And sometimes it's pricing. I think Starbucks could be in big trouble. They're not going bankrupt.

The World Aid ending, I don't mean it that way. There's no way they can keep charging. There are some coffees in there for seven, eight bucks. There's no way. People walking out with a coffee and a breakfast sandwich with 13 bucks. Ain't going to happen. And guess what? Storewide sales down 6% year over year.

And they bring in a new CEO. What is he going to do? people are now price conscious this is this is how it's going to work going forward so just give you an idea how we think what we look at and sometimes they are sore thumbs they just stick out not all the time but sometimes and you see it in the stores or restaurants or what's the hot product and who puts the chips in there. But also remember, the greatest stocks will top out on their greatest numbers. Because growth go the other way.

And when you go to Costco and you see how busy they are? I don't know how Costco is going to stay at these prices of 55 times earnings, but that's what the market believes right now. And Walmart, where it is. Just amazing stories. amazing stories and too often people are pessimistic end of the world is at hand and these companies keep delivering year after year and all I can tell you is we're looking for the next big one what's that next big application that next unbelievable retailer or restaurant don't know just remember the greatest names of

next 10 years, there's going to be a bunch you've never heard of. That's how it works. And that's why we keep an eye on the IPO market big time. Up next, probably some other news of the day. This is the one only investors edge. Volatility is hitting retirement accounts and savings across the country. More Americans are exploring physical gold and silver for added diversification during unpredictable economic periods. Preserve gold offers. straightforward education on how precious metals can be included in an IRA. Text IHeart to 50505 for your free wealth protection guide, and with a qualified purchase, you could receive up to $15,000 in free gold or silver.

Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting friends, or pursuing a lifelong passion. Our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu.

At the age-a-pressed.orgia, I've learned some things, like the value of the family, the importance of the job, and that the 99% of the people of more of 50 yet have the virus that causes the Culebrilla. Although not all the persons in risk

that will developer, I si la suffer. The eruption dolorous with ampollosures Duraughes, making that even the tasks more

simple are a lot of a real realtor to the way of difficult. Talked on your doctor or pharmaceutical

Patrocinoed for GSC You're listening to What are we waiting for? Well, what are you waiting for? One, two,

Ready, Go. Action! In Investors Edge With Gary Kulp Welcome once again to Investors Edge. So,

I don't think Rush is ever going to tour again. Very depressed. One group I have to see, and I thought they weren't going to be torn again in the U.S., but they announced one just now. Cold play. You ever see them in concert? I saw them once. They played this I heart music festival in Vegas, and I just happened to be out there, and they played a set. And I still remember this guy, Chris Martin. It was one of the coolest thing I've ever heard from a musician. He starts out by saying,

four years ago, we played at the so-and-so bar two miles from here off the strip in Vegas. We had six people watching us, and by the time we were done, there were two people left. That's what he said. that night he was in the MGM Grand Garden Arena I was 17,000 and now they fill stadiums like there's no tomorrow they're going to be doing a stadium tour here I believe they're going to be in Miami

whatever got to see it these they put on a very good show but all my favorite music is Genesis toast yes they're broken up and they toured separately into into I don't know what Weirdness Steely Dan one passed away. Rush doesn't look like they're going to tour again. I just saw the stones and the Eagles. I will see the Eagles at the sphere in the next few months in Vegas. I will be doing that.

But Glenn Fry passed away. The guy used to sing for Journey. We'll never sing for them again. So it's now fake Journey and I've never seen Fake Journey. Just saw Springsteen a few months ago. Incredible. and Billy Joel I just saw again for like the 18th time but most of them that's it darn it I don't think there's enough money to pay Getty Lee to the tour again uh in the news uh the jets fired

their head coach I can think of some other teams that should be doing the same just let you know um the Mets play at 5 o'clock what a great game two great games, they lost the last game. Man, it would have been great if they beat Philly and go to New York up to O. That's going to be a very tough series. And that's your sports of the day. I read only one other story. Thieves surrounded a Los Angeles Dodgers starting pitcher Walker Bueller last month outside a horse racing track and ripped a $100,000 Rolex off his wrist. And there's a lot of that going on I hear in LA. I wear no jewelry. No thank you. The Buffett Indicator. I had somebody asked me about the Buffett Indicator. Well, Google the words the Buffett Indicator, and we just want to

let you know it is two times higher than it should be the market according to the Buffett indicator. Go look it up. That way you learn it. And we bring it up because the guy's pretty I'm good at timing. He's got 300 million in cash where usually he'd be deploying it. So we're watching that. The Buffett indicator. 300 billion in cash.

And he sold a ton of Apple, though I just think it was a matter of being overweight. I don't take that as a negative. But there are certain things we watch and that's one of them. The problem with it is, it's been in the levels you'd be scared out of your

for a long while, and the market was at lower prices. And that's why we follow the market first, everything else secondary. But we keep it in our file manager because the guy's pretty damn good. I don't think I've ever seen somebody that has a feel for not only good, but for the valuing of good business and business as a whole. And he thinks the market, well, his indicator says the market is ridiculously valued. Time, yeah, what a dumb statement. Time will tell.

I just wanted to mention that just because it's something I'm watching closely. Bond market, 4.033 on the 10-year ticked up a little bit today, a big deal but something to watch NASDAQ didn't care about it today and that's good to see. I'm also being asked about seasonality in October, not the crash but a better market. I'm all for it. And let me give you a couple of numbers here. NASDAQ, you listening? if the NASDAQ can get above 1837 and the NASDAQ 100 can get above 20,273.

That would be a nice looking, taking out of important resistance and get us back to the old highs, which was in July. And that would mean more points on the scoreboard. Two numbers I am watching closely. The semiconductors, a little different story. I can give you some resistance numbers, but I have to tell you. There's like five or six stocks in shape, the rest look like crap. And it tells you how those five or six stocks are quite overweight of the semiconductor index. Broadcom, Nvidia, for starters.

and it just so happens. Broadcom on the strong side, and Viti is coming on. Let's hope it continues. That all said, you have a great evening drive carefully. If you're near Tampa, get the hell out of there.

Hopefully we'll be on the air tomorrow. And when you get home, do 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 us. Good night. This has been Investors Edge with Gary Cultbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Success starts with your drive, and American Public University is here to fuel it.

With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You're Bring the fire, APU will fuel the journey. Learn more at APU.apus.edu. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day.

Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected.