Investor's Edge with Gary Kaltbaum - At Least Weed Was Up.

Episode Date: October 6, 2022

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

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Visit the prodesk or Lose.com slash terms for more details. Subject to change. 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 day. Thanks for being with us today.

Glad you here, ladies and gentlemen, happy that you are listening. It is Thursday, October 6, 2022. And ladies and gentlemen, it's a banner day for the stoners. So here with me, is my stoner alter ego to tell you the news. Hey man, I'm so happy. I'm so happy I'm going to break out all three of my bongs. Get out some Fritos, Cheetos, and Doritos, and a big, gigantic bowl of macaroni and cheese,

because I'm going to have the big munchies. I have news for you. I don't care why he did it. I don't care about anything. Maybe he's buying votes. Maybe he's not. Okay. The president's buying votes.

Let me repeat. Or let me start by saying, thank you, Mr. President. Here's what he tweeted. From the president of the United States. As I've said before, man, no one should be in jail just for using a possessing marijuana man today I'm taking steps to end our failed approach allow me to lay them out

I'd also like to note that as federal and state regulations change will still need important limitations on trafficking, marketing and underage sales of marijuana but sending people to jail for possessing marijuana has upended too many lives for conduct that is legal in many states. That's before you address the clear racial disparities around prosecution and conviction. Today we begin to right these wrongs.

America's going to lead the way in setting the stoners free. Okay, he did not say that at the end. But we just want to let you know that this president, my president, we're just waiting for what's next. who else is he going to buy votes from? Who else is he going to do something for right before the election? What else he's going to do? Remember what we've told you here, ladies and gentlemen,

and now we're getting serious. By the way, the marijuana stocks are up nicely today. By the way, we told you in February 21, they have topped out badly. They've dropped about 90, 95%. Hope you listened. Let's get serious. You have a government that has taken. taken us to $31 trillion of debt that has been telling us for years and years and years,

cigarettes are bad for you. And those cigarette companies, a bunch of sleaze bag MFers, that should be arrested and put in jail for causing all kinds of cancer. And in fact, we're going to put massive taxes onto those cigarettes to make sure it's tough for you to buy. Know those jewels also? What do they call those? Those are bad for you also. Your health.

That's what we care about most. Your health. Oh, by the way, we're going to legalize marijuana because that's good for you. Being serious, ladies and gentlemen, these people suck. They don't give a crap about your health, not a lick. The only thing they are pissed off about is the guy down your street who's been selling you the dime bags forever doesn't charge you taxes. And they want to get in on the taxes. They don't care whether marijuana hurts you or helps you.

Medicinally or not. Screw you, cigarettes are bad marijuana good. Well, let me just tell you something, ladies and gentlemen. They're a bunch of ass clowns because it's not good for you. It impairs you. Anything you inhale into your lungs is bad for you. Case closed. And yes, it is addictive.

Now, that said, there are studies that medicinally, it helps a bunch of things. I heard about glaucoma, I believe, amongst other things. I'm all for what they come to us and say, hey, this does help. but I walk through New York City now and let me just tell you they should just change the name to the city of Bongs it is one big giant joint

any street you walk on any place you go it's Stonerville New York City and now there are big studies out how kids 10 years 12 years smoke in the sleaf like there's no tomorrow because it's being legalized.

Hey, we approve. The government approves. Go right ahead. And in case you do not know, there are some schmucks out there that want to legalize heroin and everything else that goes along with it. Ain't that great?

I put them in the category of the defund the police. You know what I say to these people? people, you wanted to fund the police? Here's what you do. Here's the rule. We'll start defunding the police. We're going to start with three square blocks around your house. And you cannot hire any private security. Let's see how many days that person stays at that house. And the legalize the heroin. I got an idea. Let's put a sign up within a mile of your neighborhood and say, heroin-free zone. Come one, come all, shoot up. Have a great time. Let's see what happens. Anyway, just letting you know the president is buying the stoner vote today.

And may I say for the record also, if somebody went to jail for selling a dime bag, while the mudhounds of these big financial companies back in 2008 committed all kinds of fraud and not one was indicted, I get it. But I trust these people as far as I can throw them on their decision making. They prove me right on a daily basis. Next up, we're talking the president. You know, I complimented him yesterday, and I got one email pissed off at me because I complimented the president. Obviously, a Trump voter.

I compliment the president for coming to Florida, and one person could not stand it and said, they're not listening to my show anymore. Don't you love people? Well, for that person, let me blast the president on something else. So as you know, these morons in the Marxist Party thinks you can just get rid of petroleum. Let's get the windmill.

out, green energy, get rid of every gas powered car. They're doing it in California, New York. Yeah, let's see how that works. By the year, so-and-so. Interesting. The president refuses to increase production here, but they're kissing the royal butts of the Saudis. You know, the guy that murdered somebody? Not with his own hands, had his henchmen. And the guy in Venezuela. That scumbag in Venezuela that is the his country, his people, his economy, fraudulent elections, you want fake elections, you got him there in Venezuela, and we're going to him to produce more oil. But they won't do it here. And guess what happened? OPEC gave him the big gigantic double middle finger. I say double because they're now going to cut production by two million barrels a day. Guess what oil prices are now doing. You know what the strongest stocks this week in the market are? Oil stocks. There's 264 billion barrels of untapped oil. Do you know that in this country? I may have to run for president just on that. By the way, I'm not kidding. I may have to run for president just on that. They're going to

destroy the country. Just on that. Permian Basin in Texas, 70 billion barrels that sell. Up next, full market wrap, movers of the day, all that stuff 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 complimentary portfolio review. The number to call is 888-4-22-559. That's 8-8-5-59. That's 888-4-2-2-8-4-2-2. 5-5-59. 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 Mbata.

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? 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. 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. 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. By the way, part of this, just so you know, President Biden is going to pardon all prior federal convictions for simple marijuana possession. I don't know what the definition of simple marijuana possession is. but I'm just letting you know what the... So if you got arrested for holding a certain... I guess they're going to come up with a certain amount or something like that.

He is pardoning you. So vote for that party. Anyway, you know where we stand on logic. Remember, I'm Mr. Logic, the most logical person on Earth. Cigarettes bad. Marijuana Good. Logic. brought to you by the wonderful people in D.C.

That have taken us to $31 trillion of debt. On that note, since we're on the news a little bit, I got some emails making excuses for people that brought us the debt. Oh, well, Bush had 9-11, and Trump had the Defense Department, and horse crap, horse crap. Let me repeat. since the year 2000 just our tax dollars federally forget state and local and city and anything else we've sent them 60 trillion bucks 60 trillion that's not enough to protect us bull crap do you know what

60 trillion is i don't think i don't even think i know how much that is it's a lot another one emailed me and said hey lay off obama he needed to spend that money Because people don't have health care. Great. Everybody is on sides. No logic. No facts. No bottom line.

It's my guy so tough. Anyway, we're $31 trillion brought to you by both parties. Ain't that grand. Have that it. Okay. What else? I made a little... Let's see.

No, no, no. Peloton. They fired 500 more people. Fourth time they're firing people this year. The CEO came out six months to prove they survive on its own. What did we tell you here? They will be bought out. They're not going to go by the wayside. I'm 100% certain they're going to be bought out at a very low price. And remember what we told you when the stock topped. I came out and I didn't even even. I didn't even. know, but I just asked the question. So what happens when COVID goes away and we don't need to stay at home? And people like getting out and going to gyms, don't they? So there'll still be a market for the Peloton. Hey, I have a treadmill that has the eye fit, and I love it. I'm on, you know, let's see, last night I was walking East London last night. Last week I was going up Mount Fuji. I love it. But there's only going to be a certain market for it, and that's the story.

Same with Beyond Meat. They'll be bought because there's a certain segment that likes it, and they'll do plenty of sales, but it's not going to grow. Who the hell wants to eat a plant? Well, some people. How do you know the plants are good for you? Anyway, so we pose that question. So I think Peloton, and I don't talk buyouts here, I don't believe in rumors. I'm just giving you some logic. They can't grow. They're going to try, you know what they're doing? They cut a deal with Hilton.

They're going to put a Peloton in the Hilton's. So what? There's only a certain amount of hotels. It's a limited amount, even though there's a lot of Hylons. So they'll be bought out by somebody. I have no idea by who. But it's going to be at a very low price, and I don't think you can make money. I think Beyond Meat gets a buyout.

I don't think that you can really make money. I think there's probably going to be mergers into delivery business, you know, like the Instacart, DoorDash, all this other stuff. What's the other ones? Grubhub. Is Grubhub still trading? I mean, no. By the way, I tried it. Grubhub was bought out, maybe.

I tried it once. It came 45 minutes late and it was cold. That was the last time I got a delivery. Anyway, just logic. I think Grubhub was bought out. I don't remember because I know the stock went down a bunch. Grubhub bought out. Let me put it up.

Just Eat Takeaway CompleteSack was just in a Grubhub in June of 21. Look at that. Whatever the heck that is. Anyway, these are the things you've got to ask yourself as you invest, as you go forward, what can be hot now, can be not hot tomorrow, and all that. Like Doc, you sign.

Great business. But you need less of it coming out of course. COVID. Teledoc coming out of COVID. And of course, the vaccine company stocks have been absolutely trashed. Not because anything's wrong. It's just, you know, less people getting vaccines. By the way, I was told I need the shingles vaccine. I'm thinking of getting it. They swear by it. I'm probably going to go do it. Because I heard if you get shingles, it's not fun. Maybe I'll do that. There were 31 Fed speeches in the last two days. Just want to let you know these morons.

And one of the Fed heads came out. Her name's Mary Daly, San Francisco. She said if the job numbers come out soft tomorrow, that's good news. What an ass. So if people lose their jobs, that's good news. She should lose her job. How does she have a job? These people are miserable failures.

Miserable failures. of epic proportions. She's happy if people lose their jobs. Neil Cash Carrey, as of recent, the Dow dropped a thousand points on a Friday because of a speech. He stated it, and he was not ashamed of it. I'm happy about this. So you guys losing money in your 401ks,

and one of your central bankers is happy. This is what we got going now. They did 31 speeches in the last two days, just want to let you know. And everybody is wrong about the Fed now. Remember, we've been 100% right about them and we think we're going to remain right. Everybody's saying they got to ease up. No, no, stop the tightening. We disagree. What have we told you? The 10-year yield, that's your mortgages, is 3.826. They're at three. They don't

really matter. Yeah, they affect a few things here and there, but it's the real market that's been speaking loudly and clearly that the Fed is still just behind them. We think if the Fed announced that they're not going to raise rates anymore tomorrow. We think all of Wall Street thinks, oh, the market's going to soar forever. Well, we think it can get a good short-covering rally for a couple of days and then sink. Because there's a very good chance,

not a prediction, that yields, would go much higher because then they wouldn't be fighting the inflation that they created. That's our take. Up next, market wrap, movies of the day, news of the day, and whatever else today. As the stoners win today, I'm Gary. This is the one only investors' edge.

Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta. 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 time? 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. 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. Today, we're exploring deep in the North American wilderness

among nature's wildest, plants, animals, and cows? Uh, you're actually on an Organic Valley dairy farm, where nutritious, delicious organic food gets at start. But there's so much nature. Exactly. Organic Valley's small family farms protect the land and the plants and animals that call it home. Extraordinary. Sure is.

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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. I'm hearing advanced micro devices is lowering numbers 15 to 20% below consensus. Stock is only down. It closed at 6785.

I got it only 6644 in the aftermarket, only down a little. And that's going to move around. And I see people happy, oh, it's not down that much. These are the asses on Wall Street. Oh, but it's not down that much. The stock is down 59% since December. They're celebrating because it's only down a little in the aftermarket. Man, Wall Street's so stupid.

Seriously. Anyway, but this is expected. There's going to be more cuts, and we'll see how markets react. You know, the semiconductors in the last three days actually have a little relative strength. The semiconductors have been absolutely trashed in the last year. We'll see how it plays out. Today's market wrap brought to you by Investment-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 with as proprietary indicators go check it out investment dash models.com not a good day by the way i make a bet with myself every night about what the market's going to do on the open the next day i thought we'd have another gap to the upside today didn't happen and did not finish too well i will say that the only throughout the day the tech sector was holding up better than most but when the Dow drops 346 points, not good. But again, the market wrap is brought you by Investment-Models.com. That's Jim Roarback, one of the great market timers.

No gray areas with the man you're either in or out of the market. What is proprietary indicators? Go check it out. Investment-dash-models.com. Dow down 346. Let's see. Oils are up. So Chevron up 289.

But pretty much a lot down. How's that? S&P 386. NASDAQ 75. It took 300, almost 350 Dow points to get the NASDAQ down 75, but the semiconductor is only down 14. Nasdaq 100 down 87. Transports only down 14, but they have been blasted also. Advanced declines 12 to 29 on New York, 17 to 26 on the NASDAQ. New highs, you can count on a hand. But new lows is definitely off the lows because we came off the lows on Monday and Tuesday. Tomorrow's another, just so you know, the most important jobs number in the history of the world. And all we're hearing about is people saying, well, if the number's not so good, that means the Fed could not tighten as much and that'll be good for the market and blah, blah, blah, and this, that, and the other thing. We'll see. They came out with the claims today.

They have this measurement of how many people claim unemployment insurance. and it went up a little bit, but not that much, not a big deal. And as I always say about these jobs numbers, I have no clue what they come in at, and we'll see what happens. I am worried about the jobs economy. Simple as that. if the economy turns down in a meaningful fashion, there is no doubt in my mind that the unemployment is going to suffer. And you know how we simplify things about housing and how it works, supply and demand? Let me simplify employment. You're a company.

Let's talk about a sizable company. You have 2,000 employees around, let's say, the United States. Let's say you do, let's go 5 billion in business. I'm just making up numbers. You know for a fact that business is off already 7%. Because of this, that, and the other thing. But you're so loyal to your people, you don't want to get rid of anybody. So you keep all 20,000 people.

But you put out a note to all your people just letting you know, we love you, we're behind you, but this is the situation. Let's see how it goes. What if that 7% turns into 12? What happens in the board meetings? They will go department through department through departments. How many are in the finance department? Well, Bob, we have 976 people.

Well, the next question, where is the overlap? Well, we found about 120 that have overlap, and we promise you that others would take in that no matter what. And then what happens? That's how it works. We've already seen some serious canning of people in the crypto business. for obvious reasons. In like the Robin Hood Company and the Coinbase company, in the mortgage business. Why?

Well, mortgage applications have fallen off a cliff because the housing business. Hey, we got all these mortgage applications and guess what? We have a thousand people taking in those mortgage applications because people are calling in from all over the country. Oops. Nobody's calling in anymore. How many people are taking an application? cut them in half and we'll worry about it if they turn back up that's how it works that's how the vicious cycle starts supply and demand companies acting in their best interest if that company that

does five billion in sales is now doing four billion and they have two thousand employees they may only need 1,500, 500, 500 go by-bye. All companies have to look at employment based on where they're at any point in time and where they think they're going to be. And I can tell you, the rhetoric out of many a company and many of an industry right now is all the talk of softness. Softness. Softness. So stay tuned. We'll cover it. We'll be on top of it. We told you about the crypto, we told you about the mortgage business. We're not sure what else. You already know about FedEx and UPS, and I guarantee you, all the analysts out there are looking at, okay, so at FedEx, what is not moving? That used to move. What is not moving as well? There is a deep dive going on, kids. And by the way,

in case you don't know, you know what AMD does. Advance micro devices. You know what they do, right? microprocessors, media graphics processors, chipsets for computers and consumer devices. What does that possibly mean? Well, they said lower than expected PC demand. And the significant inventory correction in PC supply chain. Well, we knew that.

It's now six months since we said to you, we found out that the three biggest PC makers inventory had skyrocketed over 40%. 1 plus 1 equals 2. And that's what we're saying. Levi Strauss just reported. Misses on revenues. Lowers fiscal year 22 earnings per share and revenue guidance.

What does Levi Strauss do? Close. Oh, instead of those two pairs of jeans, we're just going to buy one. That's how it works. That's supply and demand. And we're in one of those moments. And we do not think the central bankers

know what they created and have no idea what's going on right now. And now we worry about earnings which come out in droves starting next week. Up next, this, that, and the other thing and whatever else, I'm Gary. this is the one only investor's edge. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM.

I recently spoke with IBM's new director of research, Jake Mbata. 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. 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. So what do this animal... And this animal? and this animal have in common

they all live on an organic valley farm organic valley dairy comes from small organic family farms that protect the land and the plants and animals that live on it from toxic pesticides which leads to a thriving ecosystem and delicious, nutritious milk and cheese learn more at ovi.coop

and taste the difference you're listening to what are we waiting for well what are you waiting for one two red Ready, go. In The Wester's Edge with Gary Kaltba. All right.

We really hope you are listening to our explanations on how the economy works. Supply and demand. We try to simplify things as much as possible for ourselves. Everything we have explained to you from months. months and months and months on why we're so worried about the economy is now coming to fruition in droves. Whether six months ago we told you, wait a minute, PCs, the three biggest. And now you're hearing from AMD after it's down 60% from its highs. Oh, there's a PC problem.

And what was the logic? Everybody bought a laptop during COVID because it's a stand. home cannibalized my big question is going to be Apple you know Apple's expensive I don't know if you know that you know years ago I thought there was no way anybody would ever pay the amounts we're paying for phones Apple phones now I would have laughed at you years ago I remember saying that if Disney ever charged over a hundred bucks a day, that'd be big trouble for them. Boy, was I wrong.

But there comes a point in time with that rubber band, you know, goes a little bit too far. And guess where are you seeing it? Housing. As I have told you, every day I go on Zillow, Realtor.com, and a couple others, and I plug in different cities across the country. and I put in newest for sale. Every day, more and more and more and more. Then I look to see if the pending sales closing, less and less and lesser closing.

And then I look for the arrow, you know, that bad arrow, which says, oh, the house was up for sale for 800, it's now 720 with the arrow saying down 80,000. Supply and demand. as supply picks up because demand drops, price drops, in order to move product. Simple as that. And that's what's going on with a lot of stuff now. The only area this second oil prices are going back up.

Why? Because OPEC is putting out less product to $2 million a day. That's a lot. It's a decent amount. And the other party equation, I don't know if you know this, but there's something called the Strategic Petroleum Reserve. That's us. And the president has been releasing a ton of that. You know what the problem is?

You've got to replenish it, and he has not. Which means that's going lower, which means the potential for more and more because they refuse to do anything logical. So guess what? we're back to $89. Guess what's going to happen at the pump if this sticks? It's going to be ticking back up. Guess what's going to happen to products that use petroleum? They're going to tick back up.

So there's so many moving parts that we have to watch right now. But AMD, and by the way, they only do in 20 billion in revenues. Just lowered numbers pretty bigly. And I suspect there'll be more to follow. NVIDIA did the same thing. And there'll be more to come. So we really hope, really hope you're paying attention. We got this logically with no bias, no ulterior motive.

While the fully invested Wall Street, and don't worry, everything's okay. if you sell today you'll miss the move nobody could call the bottom it's a great company it'll come back AMD's down 60% that means it has to more than double to get you back to the high you got me on that you got me I don't need to do any others right but the marijuana stocks are up today stoner's vote right but I will say I would be very happy for people that were put in jail for selling a bag of weed when a bunch of these Wall Streeters who committed massive fraud, not even an indictment. I believe in equal justice. And I'm of the opinion,

there is not equal justice out there. That needs to be addressed. On many fronts, by the way, but that's a big one to address. That's a real big one to address. Because, it's in so many shape, sizes, and forms, and differs from city to city and state to state. Next week, just letting you know. Thursday, Black Rock, Delta Airlines, Domino's Pizza, Fasenel, Taiwan Semiconductor, Walgreens, I get all my drugs there, Friday, Citigroup, J.P. Morgan, Morgan Stanley, PNC Bank, U.S. Bank, United Health, and the Dow, Wells Fargo. So we get a bunch of financials next week.

And then the week after, boom, a ton. and we will be on and stay on it. By the way, AMD's falling off a little bit now. We'll see how that affects the semis, which, by the way, we're holding up pretty good today, even though they're also in a big bear market. And that's our news of the day. Tomorrow, the Mets started two out of three with San Diego for the wild card. That's what I'm concentrating on.

101 wins this year. They got a chance to win it all. Think the Dodgers are the best team, though. That's my big thing right now. As always, if you have any questions, any thoughts, any suggestions, you email, gawobam at callbom at callbom.net. I'll be on with Neil Cavuto tomorrow between 12 and 2 on Fox Business Network. Check it out. And until tomorrow, same time with this show, have a great evening drive carefully.

When you get home, do like I 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. And regardless of what they're doing with marijuana, it sucks and it's overrated. and it's not good for you. Have a great evening, everybody.

Thanks to joining us. Bye-bye. This has been Investors' Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com.

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