Investor's Edge with Gary Kaltbaum - Another Good Day

Episode Date: July 31, 2023

garyK.com or https://garykaltbaum.com/

Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stock up savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up

and go pick up or delivery. Restrictions apply. See website for full terms and conditions. Investor's Edge with Gary Cultbaum. 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 day.

Thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is July 31st. The end of July is here. Two thousand and 23. Hope you're having a good day. Hope you had a good weekend, ladies and gentlemen. Lots to cover, lots to discuss.

And I must tell you, we have these little mantras of markets. One of them is, in bare phases, surprises happen to the downside. In both phases, surprises. Happened to the upside. We'll explain the close of today's market in a couple of minutes. But first, 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, which is now the X feed. Whatever.

You can email us, just be nice. Oh, by the way, to follow us on Twitter or X, go there, put our name in. Or press the button at gary k.com. By the way, we have quite a few. Don't ask me why. We're not that famous. A bunch of people imitating us on Twitter. Be careful.

My Twitter feed is at G-A-R-Y-K-A-L-T-B-A-U-M with two capitalizes, the G and the K. That's it. I don't know if it's the same person doing it with a few of them or a few different people, but that is really weird. What can I tell you? The weekend. So Friday, I flew out to my parents

and my flight was canceled. As decided to stay at the Orlando airport, Marriott, as I got out of the shuttle van, boom, I had a back spasm, a real good one. I had one when I was in New York, and I had one on the airplane. coming back yesterday and that was really no fun. The good news is 90 some odd percent of my time, I do not have back spasms, but I've got so much feedback from you guys with like 2,300 emails now

from your history of back issues. And I just went to see the great doctor surgeon again. and he really explained it much, much better this time what I got going. And it seems like it's from my old tennis touring injury and an imbalance and eventually it'll be better. And I'm doing everything right, everything possible and all that fun stuff. Okay, before we get into the markets, as you know, this is a show about you and everything that affects you. We mix the markets, the economy with the Morlocks, the politicians, the corrupt Morlocks slash politicians.

And you can go look up the word Morlocks. The big news today, and you probably won't hear anything about it if you watch national TV. You probably will not. But we'll give you the idea because we told you up. front, we don't need, you know, to us, anybody to tell us anything. There's no doubt 1,000% in our mind. The president is corrupt with his son and he was a part of all it and the millions moving around. And now it turns out that the best friend of the son got on Capitol Hill today and just dropped dime on Joe Biden saying he was part of 20 different phone calls.

And now the administration's admitting, well, maybe he was, but they talked about the weather and stuff. So it went from, I knew nothing, didn't speak to anybody, had no idea about anything. China was never involved to. Oops, oops, ups and ups. Let me be clear, ladies and gentlemen, he's corrupt as corrupt as can be. They collected millions of dollars to nefarious ways. There's a, the amazing part about the media is that the media, The New York Times didn't even

we're reporting it, and that's a shame because they hurt their good journalists there. There's a text of just an absolute shakedown of a Chinese diplomat or whatever to do this, that, and the other thing,

that the father's there, that's Joe Biden, but we're being, you know what the job of the media is, right? To hold the powerful accountable, like they're doing to Donald Trump 24-7 and rightfully so they don't even investigate

that's the sickness but we'll do it for you I'd say it to his face the president is an influence peddling corrupt should be impeached and you know I say that very seriously I thought Donald Trump's the second one was good the first one wasn't

this will never be found out because the media don't care and the justice department's in the tank. And these are people that are deciding on our future. Just letting you know. These are the people, these Marxists control freak money grubbing. Just remember Marxists and socialists. They're only Marxists and socialists with our money in life. They're quite the corrupt capitalists with their money in their life. And we're singing in droves and just let you know you probably won't read it in the mainstream. I didn't even, the Today Show didn't even carry it this morning.

The first thing was Trump, because Trump's about to get indicted again and again and again. So, anyway, our mantra stands, they all suck. In the end, we're screwed. We're going to trillions of dollars of interest. We're going to 50 trillion of debt. Just remember, this is money they would never supposed to spend, brought to you by both parties. and when it all blows up, we'll be ready. Remember, when it blows up, the market will let us know. Do not forget that. While Wall Street will say, don't worry, everything's okay, the market will let us know.

But I will tell you this flat out today, the market did not let us know. The market still remains in shape. And as we said to you, in bullish phases, surprises happen to the upside. Just so you know, today, pretty much. the high of the day in the Dow, the high of the day in the Dow, was it around, I got to get my bearings right. Let me put it best. With nine minutes to go today, the Dow would hit 35430. It was down 29 points with nine minutes to go. I take that back. Six minutes to go. Dow finished up 100. Seriously. The NASDAQ, with that same amount of time to go, 14297, was down 18, finished up 30.

And the last one-minute bar was gargantuan. The NASDAQ on the last one minute was up 16 points. The Dow in the last one minute and change? No, no, oh, there it is. It was up about 40 points. Surprises happened to the upside. I was looking to see that was there any news at the close today? Did somebody report something that shouldn't have been reported?

You know, this, that, and the other thing, I don't see anything. So just letting you know at the close of the day, very good close of the day for whatever reason. Remember, we got bazillion earnings reports to come out. There's a lot after the close. I got to look it over. But another good close. Were there some warts today? Yeah, a couple.

But when all was said and done, that's what happened at the close today. And just remember, what we deal with here is just characteristics. We're looking for characteristics of bull and bear markets. That's all we're looking for. And one of the characteristics are closes are good. Surprises happen to the upside. bad news doesn't go down and is actually up in good news soars and in some cases bad news stock skyrocket as we've reported to there's been some earnings reports that have been a horror show an absolute

horror show but they beat estimates lamb research four quarters of major deceleration in earnings gaps up on a 30% drop in sales and a 30% drop in earnings Old Dominion, a trucker, 20% drop in earnings. Worst quarter. Guess what? Market didn't care. Thus, the mantras. Up next.

More in these markets, news of the day, movers of the day, whatever else. Today, 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 888-4-22-5-59. That's 888-4-2-5-9. That's 888-4-2-2-5-5-9. Investment Advisory Services offered through call-bomb capital management. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Ambatta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing,

whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before.

Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2020. will build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem.

To learn how IBM is building the future of computing, visit IBM.com slash quantum. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, Oira Ida, Silk, Capri-San, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more.

Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up or delivery. Restrictions apply. See website for full terms and conditions. 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 just remember bull and bear markets are a completely different entity and most people do not recognize this when I try to explain it

the best example I think I did this on Friday but I have to do it again so you understand how this works and I mean this when I say this Roku. I use Roku at home. Terrific.

The stock has been absolutely slaughtered from the high in 2021. Slaughtered. Absolutely slaughtered. Why? Because in bare markets, anything that loses money get slaughtered. It's one of our main rules of bare markets. And we've been telling you this for ages, and it played out perfectly again during the bare market. One of the other rules is past leaders we'll drop on average 70%.

Nobody ever believes us when we say that. And we didn't come up with that. Studies were done that. And we did the studies of the studies. But the main rule is, you better not lose money going into a bare market. And if God forbid you're one of those bubbles and companies that have no sales, forget about it. Well, we're not in a bare market anymore. We're in an uptrend.

We're in a bullish phase of unknown price and time. Roku just announced earnings. They didn't do anything different. They announced another 76 cent loss. Oh, but it was better than expected. The stock has gone from 68 to 96 in two days. On a gap, of course. Oh, they're going to get some more advertising.

Yeah, but you still lost 76 cents a share. That's a lot of cake. There's your difference. Just mentioning one stock. If next week a bare market starts, and I can tell you it's not. Why? Because markets have to go through a topping out process before you enter bare markets. It takes time.

But let's just assume a, bear market starts in a couple of weeks. They'll crush Roku. And a bunch of, just so you know, there's been a bunch of other companies that were absolutely destroyed in the bear because they lose money. Here's one.

Plug power. 75 down to 8. They've rallied up to 13. All they do is lose a crap load of money. but it's rallying up. Why? You're in a different type of market. And it is going to be crucial.

It is going to be imperative to be listening to us the next bare market when it hits. It's going to make the last one look like a walk in the park. How do I know this? Well, it's pretty simple. we can actually measure a value. You know, you pull out a dollar, it's worth a dollar, right? That's the easy part. But with companies and with Wall Street, you can mention values.

Oh, at the peak, it traded at this time's amount of earnings per share. On average, this is what earnings per share is. and I will tell you this one this rally started we're up in the trees still and valuation right now is higher than it was

not for the beta not for the high growth but on the market it's already higher than it was at the top in 21 which takes me to my second point it can be

relieved earnings is going to have to really come on strong. Earnings are going to have to really come on strong. And they could. We're all for it. But all I can tell you is so far the guidance I have seen on earnings reports have not been that good. And if earnings do not re-accelerate in a meaningful fashion,

it is going to leave some sizable valuations. in some things and that's based on the norm another little example I'm looking at Western Digital just a little distrive company they reported earnings dollar 98 loss stocks down a buck in the aftermarket they see revenues light they see losses bigger than expected for this coming quarter do you know what that stock would have done if we were still in the bare phase. Crushed. Crushed.

It's down a dollar. By the way, they see revenues 2.55 billion to 2.75 billion for the coming quarter. That's versus last year's 3.7. That's how bad the numbers are. It's only down a buck. Bullish phase. it better stay a bullish phase.

I can tell you we're already making a pretty sizable list of terrible earnings reports. Why? Oh, all hell is going to break loose for those companies if things don't improve. If we're wide open for things to improve. But so far I have not seen forward guidance in any way, shape, or form be good enough. So just some tidbits. A few other things I just want to mention, then we'll get into market wrap. The gold miners back above the 50-day moving average.

You have to go in below it for a day or two. So your gold bug should be happy right now. Certainly not an up trend, but definitely maybe some defense here. Oil, another good day. Commodities another good day. Not so good at the pump, but for the stocks, yeah. Up next. Full market wrap.

much more. This is the one to only investors at. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Gambata. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators, just go together. It's our DNA to answer the question of what is the future. Isn't it a perfect

problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? Yeah. My cell phone is a mature technology at this point.

How far are we from that point with quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. This message is brought to you by Colagard. If you ever printed out directions and hoped you didn't miss a turn, It may be time for you to screen for colon cancer. Luckily, things are a lot easier these days, even screening for colon cancer.

When caught early, colon cancer is treatable in nine out of ten people. With more options than ever, it's key to start screening at 45 if you are at average risk. The Kologard test is non-invasive, requires no special prep or time off, and it ships right to your door, so you can use it in the privacy of your own home. With just three simple steps, setup, sample, and ship, completing your KolaGard test is easier than finding the right track on your mixtape. If you're 45 or older and at average risk, ask your doctor about the Colagard test available by prescription only. Learn more or request a prescription at colagard.com slash podcast.

Do not use the Colagard products if you have had adenomas, which are a type of colon polyp that can sometimes become cancer, inflammatory bowel disease or other hereditary syndromes, a personal or first-degree family history of colorectal cancer, or a positive result from another colon cancer screening method within that test's recommended screening interval. Colagard results should be interpreted with caution. A positive test result does not confirm the presence of cancer. Patients with a positive test result should be referred for a colonoscopy. A negative test result does not confirm the absence of cancer.

Patients with a negative test result should discuss with their doctor when they need to be tested again. False positives and false negative results can occur. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings.

Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up or delivery. Restrictions apply. See website for full terms and conditions. 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 well, once again to Investors Edge. So it's a pretty good time to just keep pounding away at you to make you understand bull and bear markets. I told you last week I was on a conversation with a financial planner, a friend of a friend, they wanted me to manage their money. But once I knew a financial planner was involved, I knew it was going to be said and I respected it because the financial planner came out.

out and has seen me on Fox, knew me from Fox, but came out and said, you can't time the market. And because I explained just so you know, I may buy something on Monday on selling on Tuesday. You don't want somebody to do that for you, right? Right. And then she went out, came on and said, you can't time the market. And I was very respectful. I didn't get back and forth. Yes, you can, that type of stuff.

but therein lies the point we always try to make with you. Wall Street, 99.9% of it won't even try. They're fully invested. And it's not an indictment of them. They tell you who they are. And they have 100 and some odd years of history of going through bull and bear markets. And we're near, I mean, the S&P what is? How much from the highs?

but you had to go through 56% in 08, 50 to 80 in 2003, this last one. And of course, then there's the other part of the equation about how they tell you to hold long term, but they don't tell you city groups still down 90% from 08. And I can go through a litany of names that are way, way, way, way down off the highs throughout the years. They don't tell you that. But isn't it interesting how in just a couple of minutes explaining to rules of bull and bare markets, not by opinion, but by clear study of every bull and bare markets, that in bare markets, companies that lose money, companies that have no sales,

biggest leaders will get crushed 70%. That's part of the ability to measure markets. and to stay out of the way. Here's a name. SoFi Technologies. S-O-F-I was up a buck 90 today to $11.45. A huge move. They reported another loss.

In fact, I don't think they've ever made money. Stock came out at 10. Maybe it was a SPAC in 2020. Hit 27, went down to 5. Why to go from 27 to 5? Characteristics of bare markets. They lost money. They're still losing money.

It's forgiven right now. Characteristic of a bull phase. Forgiving losses. Which, again, gets me to the point in saying, just remember, if in two weeks, and we don't think that's happening, we turn into a bear market again, these same things that are soaring on losses will crash. How do we know? It's what bare markets do.

In spite of them telling us we cannot measure bare markets. And you can't time them. Well, yes, you can buy the study and focus on the characteristics of both. That's all. And I thought in an opportune time, With the way the market closed today, the market was sinking at 353. And poof. I'm still looking for news, but you know what it was?

Somebody just went and bought, that's all. Institutions just jumped on at the end of the day. Which leads us to another characteristic of bullish phases. Closes are usually strong. Bare phases, closes are usually weak. that's how it goes. How do we know? We've studied it.

Simple as that. We have studied it. And we continue to study and continue to hopefully stay on top of things. Just like on Friday we said, you know, China starting to emerge. It was only up another 1% today. How did we come up with? Well, we saw the picture. And of course we use the next line do we trust China

And just so you know there's only bad news out of China right now in their economy How can their market go up well? The thought processes they're going to have to ease And you know how markets love that So just little bit of lessen time from your handsome and buffed host That had three sets of spasms I'll tell you the best news about back spasms though They go away quick

that's the only good news and I'm doing everything all right today's market wrap brought to you by investment dash models.com that's Jim Rohraback one of the great market timers no gray areas with the man you're either in or out of the market

was proprietary in the cages go check it out investment dash models dot com that was up 100 all of it and more in the last few minutes S&P up 6 NASDAQ 29 NASDAQ 100 was down

only up 6 transports were down 78 today advanced declines weren't so bad they were actually pretty decent uh Japan was strong China was strong oil prices up another stick and change today oil stocks had a pretty decent day they were off the highs but decent day commodities another good day that steel copper aluminum actually a couple of names at new yearly highs um what else do I got for you some software names had a good deal day after getting smacked on Thursday. Netflix up 13 today.

I have to bring that up because that's one of those names that had a bad reaction to earnings. And what did we tell you on Friday right at the 50-day moving average where these things better be defended? Netflix are near crappy 3% earnings growth and 3% revenue growth. But you can't time the market. financials mixed but okay retail not bad you had some weakness in a few areas housing but you know nothing whatever some medical biotech what else do i got for you that was on the week's side yeah just not a lot and i've yet to scan i'll do that in a little bit 10 year yield flattish today just under 4% i get asked often about the energy. I never want to say it's anything's going to last long. We just let you know

it's it's acting fine right now. A little bit on the persistent side. We get always the question also, well, if oil prices keep going up, isn't that going to negatively impact? Yes, it shall. And we told you two weeks ago that oil gas prices will be going up at the pump and that's exactly what happened. That is not genius. If price oil is going up, gas prices are going up eventually. And it's sticky this second.

OPEC's happy. Anything else stick out today? Eh, not really. Just that. Some really crappy earnings reports and losses. Market

doesn't care. Not now. Eventually it will. Is that a week from now or a year from now? Don't know. We'll be ready if that hits. But that's why we always talk quality here. Lots more earnings reports this week.

Apple and Amazon Thursday. But as we move forward, Caterpillar in the morning tomorrow, for starters. And the list really goes on and on and on. many earnings reports there are. So stay tuned. AMD, Uber, Marriott, Norwegian cruise lines. I don't need to go through all of them, but you get Starbucks, I keep them in business. DuPont, Lidau, Ferrari, want to see how the high end's going, even though I think they're sold out forever. Up next, we'll think of something. I'm Gary. This is the one only investor's edge.

with IBM. I recently spoke with IBM's new director of research, Jake Gambata. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM, Because you kind of need to have a legacy of building stuff. Yes. Building actual physical machines.

Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with quantum? By 2029, we'll build the first fault-tolerant quantum computer.

That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. This message is brought to by Colagard. If you ever printed out directions and hoped you didn't miss a turn, it may be time for you to screen for colon cancer. Luckily, things are a lot easier these days, even screening for colon cancer. When caught early, colon cancer is treatable in nine out of ten people. With more options than ever, it's key to start screening at 45 if you are at average risk. The Coligard test is non-invasive, requires no special prep or time off, and it ships right to your door,

so you can use it in the privacy of your own home. With just three simple steps, setup, sample, and ship, completing your Colagard test is easier than finding the right track on your mixtape. If you're 45 or older, and at average risk, ask your doctor about the Colagard test available by prescription only. Learn more or request a prescription at colagard.com slash podcast. Do not use the colagard products if you have had adenomas, which are a type of colon polyp that can sometimes become cancer. Inflammatory bowel disease or other hereditary syndromes, a personal or first-degree family history of colorectal cancer, or a positive result from another colon cancer cancer's screening method within that test's recommended screening interval. Coligard results should be interpreted with caution. A positive test result does not confirm the presence of cancer. Patients with a positive test result does not confirm the absence of cancer. Patients with a negative test result does not confirm the absence of cancer. Patients with a negative test result does not confirm the test results should discuss with their doctor when they need to be tested again. False positives and false negative results can occur. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for storewide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor, or aida, silk,

Capri-sun, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store. or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. You're listening to. What are we waiting for? Well, what are you waiting for?

One, two, ready, go. Action! In the Gester's Edge with Gary Culpa. And as I've explained to you, this is how we treat earnings weeks. A bunch of reported out. after the close. We'll have a good hour tonight going through them. More importantly, the reaction and where the stock may or may not open tomorrow. Just remember, things can change overnight.

And then early morning tomorrow, there are more and more earnings reports. And guess what we do? We're up early. We're going through them one by one by one. And then we're able to, to see the pre-market. The stock closed at 108 and is 113 or a stock closed at 108 and it's 97. And we're able to get a good feel and we can also then add it up. What does that mean? Well, I mentioned to you, Western Digital's numbers sucked. They're terrible. Their guidance was terrible. It's a weaker technology stock. In a bare market, this stock would be down 20% tomorrow. It's down 80 cents, $41 stock, $42 stock. Another huge loss, another big drop in earnings. Terrible guidance going forward. And what happens in bullish phases,

it creates impostors. And what we mean by that is, you know how they say lifts all boats? Well, some of those boats are dinghies, and they have little leaks in them. But the leaks don't hurt. You can stop them up because the market forgives when you're in a bullish phase.

But once that bullish phase is gone, and by the way, that'll be one of the key, characteristics. One of the characteristics that tells you you're coming out of a bullish phase into a bearish phase is the crap starts leaking badly. And when I do my scans, more and more names are breaking down. And then when I go into those scans and see more and more names breaking down, I notice, oh boy, it's the things that should be breaking down if we're getting into a tougher market, but not today. They're in there jumping all over Roku on another 76-cent loss.

But don't worry, everything's a-okay. These are the lessons. These are the explanations on why when somebody says, oh, you can't, we say we can. And it's arduous. The financial planners, they're going to put you in 10, 20 mutual funds. They're not managing the money. Somebody else is, and that's all well and good. We're not indicting them. We're not putting them down. We're trying to differentiate. That's all. That's all. They better pick good funds because even in fun land, you got some great ones, you got some good

ones, and you got some terrible ones. Mui Importante. So a little bit again, less in time. of what we do and that goes to our biggest mantra when wrong we're wrong fast and wrong small and when right we try to hold them for dear life as far as they want to go which is the hardest part because even in bullish phases they don't make it so easy it's a rare occasion when they'll just ride up moving averages and every pullback is contained and a continuation of higher highs and higher lows. We live for that. We know it ain't easy.

When we told you we had Visa, the last one before COVID that we had for years that we sold, we can tell you we live through some drawdowns on there, but only because we were already up 100%, and we can live with it and recognize that it was the market doing it, not just the stock. So another forgiving day And another

I mean I got to tell you at 354 Market was down And they just ramped the living crap out of it For three minutes And Whether somebody pushed a button or not Does not matter to us Outcome is everything

We don't ask why The first thing we did We looked to see if there was any yapping out of the Fed but did not see anything and now soon as we're done with the radio we start scanning and we already know what things look like but we want to see if anything shows up and what are we going to scan the biggest movers and the biggest movers on volume simple as that we already know what things may be setting up what aren't and then we'll look for surprises or something new that shows up. It's a process, but it's a process of no bias. Markets right all the time. Never argue with it or you'll get run over. And just know what market you're in. And again, to repeat, love and hate, Roku would be crashing now on that loss, not skyrocketing. But you're in one of those moments.

And if things change, we'll let you know. When they change, we'll let you know. But we're still now in the midst of gargantuan earning season, and we're going to stay on top. You 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. I promise tomorrow, same time radio. I'm on TV tomorrow. I'm not sure what time. Sorry.

Just check out Fox Business. Have a great night, everybody. Thanks for joining. 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 GaryK.com.

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