Investor's Edge with Gary Kaltbaum - Avoids [11.12.2024]

Episode Date: November 12, 2024

https://garykaltbaum.com/

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Investor's Edge with Gary Kaltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Kaltbaum. And welcome once again to Investors Edge. I'm Gary Kaltbaum, your host day. Thanks for being with us today. Glad you're here, ladies and gentlemen, happy that you are listening. It is the 12th of November, 24.

I believe it's Tuesday, right? Yeah, right. 2024 hope you having a good day in case you don't know this is serious talk about everything that affects you the markets the economy jobs unemployment your job your industry the election the morlocks in dc and the change that's going on in dc right now because of the election quite the interesting people that are going to be put in to replace that of those that are there But first, if you do not get this radio show in your city, we'll post at garyk.com. We'll also post on the podcast apps. And we'll also post it on Twitter. And if you don't follow us on Twitter, which is now X, you should. And if you want to email us, just be nice.

Ladies and gentlemen, we've been starting with the election and the aftermath for the last few days. But today we're going to start with the markets. Why? Because on a daylight today, we find it imperative every now and then. to accentuate the avoids. There's nobody better on this earth than us on what to avoid in the market. What's in bearish phases, what's in downtrends, what's in big bearish phases, kind of like the dollar stores like Dollar General and Dollar Tree, or in the oils BP and Occidental Petroleum.

or in the retail Lululemon, which may or may not have stopped going down, or in the Dow, Boeing. So, hold on to your hats. A lot of this is going to be repetition, but there's something that's sticking out like a sore thumb right now that we need you to know about in all the exuberance of the reaction to the election for the election for the bottom. markets. The 10-year yield. Don't ask me why. Don't care. Well, I do care, but for all intents of purposes, don't care right now. It was up 1.24 today to 4.432, the 10-year yield. It bottomed out at 3.6 mid-September. The Fed, which was at 5.432, the 10-year yield. The Fed, which was at 5.4.5, the 10-year yield. The Fed, the and a quarter five and a half for their fed funds is now four and a half four and three quarters just above the ten year yield and there's a lot of querying going on what does it

mean that the ten year yield is going up do we have a bout of inflation coming on again or is it the debt or is it Trump and the potential for stronger economy Don't know. The only thing I care about is outcome, and the 10-year yield going up means the cost of your mortgages are going up. The cost of a lot of loans going up. The cost of capital for businesses going up. If they want to float some bonds, they've got to float them a little bit higher. It could be meaningful. It has been meaningful in the past to markets and the economy. We shall see. We just want to alert you to it because there's some, what we call for every action, there's an equal and opposite reaction when it comes to the markets. If yields go down, what happens? If yields go up, what happens? If oil prices come down, who benefits? If oil prices go up, who does it hurt?

All kinds of potential repercussions. So first I want to start out with China. Weeks ago, China, made an announcement that they are going all in. They're going to throw the kitchen sink at the markets and the economy, and their real estate troubles. And in case you don't know, oh, they've got some real estate troubles. and they took all kinds of yuan, it's their currency,

and started throwing them left and right at the wall hoping it sticks. And I will tell you China on, if I get the date right, yes, September 24th, gapped up like crazy. One of the biggest gaps to the upside. And then two days later, another big gap. And then David Teper, one of the, the renowned hedge fund managers came out and said, All In.

This is the same man that many moons ago when Bernanke started printing money, just buy everything. And he was completely right based on the printing of money and government getting involved. And so the FXI, even after those two gaps, went from 32 to 37 and a half and matter six, seven days, showing a little bit of what we call an Eiffel Tower look. And we had said to you on this show, Hey, just let me know, we're going to look for the pullbacks. Hopefully we can get some pullbacks.

It would be nice to get some pullbacks. And we got a big gap to the downside, which is kind of normal. But then it pulled back more. and we were actually surprised and then it finally found an area a lot farther lower than we thought that it found support for about three or four weeks and then four days ago

it gapped up that would be Thursday and with thinking to ourselves maybe it has put in a low maybe it has put in a low it's crumbled from that day to the point where some very important names

have just completely broken down Alibaba, Baidu, and the like. We've been avoiding on this pullback, on the way down, and it's been worsening. We are told by so-called geniuses A lot of this drop has to do with some people, Trump, that he has some hardline China people that are now going to be front and center. I'll buy that. I think there's a component.

Move that aside. Just letting you know until we say otherwise, that will be an avoid. because of the higher rates we've been telling you about housing stocks and housing related stocks, we would avoid. They broke first initial support, tried to rally off of the election, but look like they're already failing and kind of failing. I'm not going to call it miserably, but it's certainly starting to get icky. So housing related and housing, and we're talking home builders, and we're talking things like William Sonoma and the like, Home Depot gaped up $6 today on their earnings report, finished down five. Housing related. I'd be wary of that.

Gold and silver. Number one, when gold is in a little correction now, the medal, but why? While it was going higher, I will flatly tell you gold miners weren't really going along for the ride. And as soon as gold started correct, they started crumbling until we say otherwise. The mainline semiconductors, we've been telling you this for a while. They look terrible. They act terrible. applied materials

KLA Lamb Research Micron Terradine and many others there's a couple that stick out that are strong Marvel NVIDIA

and then there's Qualcomm that acts like crap and ASML holdings the list goes on and on a lot of the semiconductor stocks oils did I mention that man oh man not all

there's some pipelines that are strong outliers when you have a chance go look at a chart of BP go look at BP go look at

Oxy OXY tell me what you see classic bare market patterns up next What else?

We got more of voids. 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 888-4-2-2-2-8-4-2. 5-5-59. Investment advisory services offered through call-bomb capital management. Hi, I'm Dr. Jake Goodman,

host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist, Victoria Motola, who explains why so many of us

live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut,

you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. All right, quick quiz for the hiring managers out there.

What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for indeed. sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes.

Less stress, less time, more results. When you need the right person to cut through the chaos, This is a job for Indeed sponsored jobs. And listeners of this show will get a $75 sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply.

Need to hire? This is a job for Indeed sponsored jobs. Success starts with your drive. An 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. 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 called bomb. It doesn't get better than this.

And walk once again to Investors Edge. Mortgage Related. Why would mortgage-related do worse when interest rates go up? Because there's less mortgages. So mortgage-related. A bunch of utilities, not all, getting in trouble. Not all. retail

well not all but a lot whether it's American Eagle outfitters Abacromby and Fitch Best Buy that just topped Boot Barn Birkenstock

and some of these are appareals Walgreens and CVS in the drugstores that's retail right there are voids and there's a bunch there's a lot big time a lot I mentioned Dollar General Dollar Tree, right? Yeah, I did. Not all, but a lot. There are voids. They're downtrends.

You know what the good news is. There's still plenty working, as you know, the market's been strong, notwithstanding kind of a crummy day-to-day because of the 10-year yield. Consumer staples, food, beverage, household products, drugs, and now even tobacco. that was strong has topped out. If you go through charts of General Mills, Coke, Pepsi, Kimberly Clark, Kraft Heinz, Dr. Pepper,

which is curing Dr. Pepper. Mondalez, Hershey's. How about Campbell's Soup? They're all. in downtrends, bearish phases of differing levels, differing problems. I have no clue why. I just know there avoids. Manage care, HMOs, not United Health. United Health's in the Dow, and that's an outlier. But if you look at Humana, go take a look. Elevance, simple ELV.

Centine CNC, bare markets, bearish phases of unknown time and unknown price, but they're on their way and there are voids. Interesting. A bunch of names. There's some, not all, a lot of what we call metals and mining. If you look at Rio Tinto, and BHP. They are involved in iron ore. Go look, they're metals. What can I tell you? Big Bear markets in these industrial metal names. They've been crushed.

They've been squashed. Freeport McMoran, copper and gold, copper's been rolling over pretty darn good. And again, we're doing this while the market's been strong. Why? If we're able to put aside bare markets, bearish phases, things that would only lose you money, and get away from them, and stay away until they change. Drug stocks, drug stocks, go take a look at Merck in the Dow. classic bear market. Even Eli Lilly topped.

How about that other one with the drugs for the obesity? Novo Norddisk has been crushed. AstraZeneca, crushed. Ab V. Just topped out on a gap. Pfizer crushed. I do believe one sticks out is okay. Bristol Myers. That's actually near.

their highs. So drug stocks, you know why we're doing this so you can avoid them. And we're not telling you to buy sell short a cover. We know it's your money. We're letting you know we're avoiding them. Of course, then there's the solars that have just been a brutal, gargantuan. God almighty, god awful bare market. Solars stay the hell away. Highly touted. Toast solars. And if you have a chance, go look what they did to ENPH in the last six days off of their horrible earning report. How about marijuana? Bare Market. Gapped them down recently.

I don't know if it was just Florida, but Florida just knocked down recreational marijuana. They voted it down in spite of. a very big lobby to have Florida streets turn into bong hits just like Manhattan, which is just one big gigantic bong hit as you walk out the door of your apartment. Boy, oh boy, it be stinky in Manhattan, big time. So marijuana stocks, and we've been telling you to avoid that crap anyhow, right? There's some other sub areas I can tell you about some other medicals. but we'll leave it at that.

The good news is financials fine. Gapped up? Fine. Bitcoin Gapped up higher again today. Fine. You catch in my drift? Regional banks? Fine. Economically sensitive names, though they pull back today.

Fine. New highs and highs and Anything? Fine. Anything that reacts well. Software. Fine. And by the way, software, very, very nice action in the last couple of days. Actually, since the election. Fine. The Dow, S&P, NASDAQ, NASDAQ, 100, though down today, and some worse than others, normal to pull back a little bit here. Small and midcaps Gapped up on the election Okay Those small caps Tucked its head in like a frightened turtle today

So that's a little bit of markets for you We'll give you out the numbers Of today And then we'll whine and complain about something I'm Gary, this is the one that only investor's edge Hi, I'm Dr. Jay Goodman Host of Beyond the Script The podcast where I sit down with pharmacist

to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. or I'm constantly feeling like gassy. And all of those things are not something that generally,

if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio.

Listen now wherever you get your podcasts. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for indeed sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction.

Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs. And listeners of this show will get a $75 sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast.

Terms and conditions apply. Need to hire? This is a job for Indeed's sponsored jobs. Success starts with your drive. An 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. We're listening to. America is talking.

Investors Edge. He's got to be pleased with that. The crowd is just on its feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. And welcome once again to Investors Edge.

Boy, I tell you, getting a lot. lot of questions on Bitcoin now I'm getting. Interesting. But it has had another good day today. Open down, finished near the highs of the day. Of course, it trades overnight. The pylon is going on right now. To what extent we don't know? How much we don't know. We'll see. On a daylight today, the Dow is down 382, but we'll give you a little but with that 382 is Amgen out of nowhere. $23 today, middle of the day, some drug news. That'll account for about $2,000, 160 Dow points approximately. But the Dow was down 382. And in the Dow today, well, Home Depot was down five, was up six early on the United Health, down 10. That didn't help. They just added Sherwin Williams to the Dow. It was down five today. American Express gave

four in change, Boeing 3 in change. Goldman Sachs gave back 10 today. But that was after going up, 60 bucks on the gap to the upside on the election. So I don't sweat that. I wouldn't yet. S&P was only down 17. NASDAQ only down 17. There was strength in the mega caps.

Netflix up 16 bucks today. subscribership or something and Vitya's up to almost three Amazon's up two Microsoft up five software stocks were pretty damn good today Adobe up 21

that's been weak so some of the big cap stuff doing their thing and that helped there transport's down 182 what we don't love too much

is advance the client's on the New York 918 up 31 77 down on the NASDAQ 1200 up 1200 up 2,900 down don't want to see too much of that but I think most of the things that were weaker today just with normal pullbacks except those main semiconductors just act like crap and we'll watch every day for you to see if there are any big changes not so sure I see any and then we got some aftermarket there's not much in the much earnings reports but But I got a couple for you in the aftermarket here. You know, we have had some, well, let's see, Kava Group. Restaurant closed at 146. Excuse me, 145. I got a 164 in the aftermarket. How about Spotify?

I got that closed at 419. 460 in the aftermarket. Boy, oh boy, pretty nice. As far as reactions. If there's any others, I'll let you know. But those are two that have been strong and stand out and very good reaction in the aftermarket. But something else I'm watching. As we started the show with the voids, I mentioned the merging markets.

I mentioned China. I got to tell you, France, big bearish phase going on right now, the United Kingdom had topped out a while ago and is starting to worsen. Germany's been holding up like Iraq. That was down 400 overnight. To be watched. To be watched. With all the excitement of the election and the market gaping up, to be watched.

Remember, we have no bias. We let the market dictate. And we add up the weight of the evidence. And we're letting you know Europe. Having some problems right now. not very good less than thrilled we'll keep you up on it

just letting you know now tomorrow it depends on my schedule but as you know it is the coltbaum family either 20th or 21st I don't think it's the 22nd

Thanksgiving dinner we will be serving and waitering and helping and probably about 300 young men and women from the Boys and Girls Clubs of Central Florida who may or may not had a Thanksgiving dinner. We've been doing it now for a long time. It's my favorite night of the year.

So I'm not sure if I'm doing show tomorrow. Thursday I'm flying out west. I think I'll be able to do the show Thursday because I'll do it a little bit early. I'll pre-tape it. and I'll be out west for all next week, but we'll be around for most of the days for the show. Got a little few things got to do, and I'm on call for my parents just in case, and that'll be for the next week as we head into the Thanksgiving holidays, and as we always say to you, if you have the ability and you so choose,

consider doing something for somebody you need absolutely nothing from that's all doesn't have to be big can be small just bringing it up anyway so good reactions in the aftermarket cart that what is that insta cart

that one's down in the after market but not much that would be a no biggie So just a little bit of ick today. I will state also for the record of that 10-year yield, that has got to be watched. I do think that is of import to what extent we'll find out soon enough. Tesla pulled back $21 today. A blip. As from the gap, it went up.

of 49, 59, $70.00. Pulled back 20. Still up 50. From the gap of the election, the Elon Musk thing, and that's that. We got asked about the Trump stock.

I don't know what drives it or moves it. All I can tell you is on the election day, it opened up at 45. Right now it's 30. And as we've told you, if they don't grow the business, It's worth a buck. But now that he's present, it's probably worth 10.

And I say that because there's 176 million shares. At 10 bucks, that's 1.7 billion market cap. They hardly have any sales. And they lose money. That's all. Nothing political about that statement. Just stating a fact. We do it all the time for speculative stuff out there.

We think that's of import. As always, it's your money you decide. And that's a little bit of that. In the news, well, well, the left still can't get over themselves. They're blaming racism, sexism, misogyny, and everything else. They're calling their own peeps, racist and misogynist. Al Sharpton's calling black men misogynist. They're calling Hispanics, bad peep.

Everybody's bad who voted the way they didn't want to, which means they are not learning any lessons to generalize a whole group of people on their votes is disgusting. And the shame of it is these people have their own shows on freaking cable TV. It's amazing that any president of a network would have anybody hosting a show and calling swaths of. of people in generalizing them as racist. What the hell's the matter with the presidents of these networks? Should fire their asses before you say boo. We have one mantra on everybody. We're all equal.

And if you start calling out everybody is racist, you know who's the happiest about that? The racist. Eh, you're including everybody in our racism. Yay. It's just so weird. It's so, don't vote my way, you're now a racist. Oh, you didn't vote for the woman, you're now misogynist. Very weird.

And they have their own shows. Very weird. Very weird. Other things I'd like to discuss with you. I put down a whole thing here. I got asked about Super Micro. And as we've told you, market's tough enough. You don't invest in companies where they got accounting problems up next.

What else I got for you? I got a few. I'm Gary. This is the one only investor's edge. Hi, I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CBS pharmacist, Victoria Motola.

who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive.

We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos.

Either way, just say to yourself, this is a job for Indeed's sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs.

And listeners of this show will get a $75-sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed Sponsored jobs. Success starts with your drive. An 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. You're listening to. What are we waiting for?

Well, what are you waiting for? One, two, ready, go. In the Gester's Edge with Gary Culpa. All right. More in the news. We're finding out the Harris campaign paid Beyonce 10 million bucks just to get on stage. She didn't sing. I went sore Beyonce with Jay-Z at a Super Bowl party.

She was fantastic. What a performer. I didn't have to pay her $10 million. Harris paid her $10 million. Beyonce is so smart. She's probably being driven home after getting up on stage saying, Suckers! Paid somebody called, let me make sure I got this name right.

Megan the Stallion? Is this somebody with the name? Megan the Stallion? Yeah, there is. Five million bucks. And there's a video of her. There's a video on stage doing the, you know, what do they call it, twerking? Yeah, that'll get votes. Paid Oprah a million bucks and Oprah was interviewed and said, I didn't get paid a million, I didn't get paid anything, yet it's now been found out and it's on the record because you got to report this. Harpo, that's Oprah's company, got a million bucks. Oprah lied.

Oprah! What a nightmarish campaign that we didn't know about, and they were just telling us everything was great. They're broke. They're still sending out emails. Send us money. We're here to help. There's still some campaigns out there.

It was over a billion dollars. Some are saying $1.6 billion. In the news, have you seen the video 45 minutes of graphic footage of, of Israelis torturing Palestinians. Yeah, there is. No, we're kidding. It's Hamas.

There's footage of Hamas torturing Palestinians in Gaza if they didn't do what they wanted. Interesting, I saw protests at Columbia University yesterday and today

for, huh, the head of Hamas, who was taken out by Israel. Hamas is torturing. Did see any protests against Hamas? Interesting. And I really didn't see anybody in the media reporting this, but I bet you if Israel was doing the torturing. Anyway, you get the point on that. Speaking of the Harris-Waltz campaign,

unemployed people for the staffers are reporting they have not received their last two weeks of pay. It was supposed to be a direct deposit, just letting you know. In the news, I reported to you that the World Bank has misplaced a staggering $41 billion in climate change funds. They have still not reported. who got the money. Just letting you know, it's only $41 billion. What do we tell you about the climate scam?

It's all about the money. Who's getting it? And how much? Only $41 billion missing. I believe that's tax dollars. How to report that? Interesting, huh? How we find things out.

Berkshire Hathaway, I just want to let you know that is now holding over 28% of the assets in cash, the highest since 04. Usually it's 14, and they've been selling and selling and selling. Just wanted to let you know. Also, the U.S. national debt, it was up $850 billion in the last three months. Just wanted to let you know. I also want to let you know, NVIDIA is now in the Dow.

It is up 2770% over the last five years, but now added to the Dow. Intel was down 48% over the last five years, now taking out of the Dow. Just wanted to let you know. Apple, just want to let you know, it's PE. Price earnings multiple now is 37. It's 10-year average is 22, but mostly it was in the teens. Its sales, price-to-sales ratio is nine times, 10-year average is five times. Just wanted to let you know.

We're not telling you what to do with it. We're just letting you know. And by the way, the cash pile for Berkshire Hathaway is over $300 billion. Interesting. In a stupid statement, Wilbur Ross, I don't know if he's going to be with Trump again, said the only way to get the deficit down is to grow rapidly. That is a lie. I can get the deficit down very easily. if they just give me a call, I'll sit down with Elon Musk.

I'd have a trillion knocked down overnight. And it would be simple. A new Michigan law would permit employees to miss work without calling in for three consecutive days without facing any consequences. That's a new Michigan law, which begs the question, what the hell is the matter with the people running Michigan? do they not give a crap about business? Oh, that's right, they don't. Want me to repeat that? A new Michigan law would permit employees to miswork

without calling in for three consecutive days without facing any consequences. So if you are a business and people on purpose do not come in for three days and do not call you, there is nothing you can do as an owner of a business. 43% of the S&P 500 market cap is now under FTC DOJ antitrust investigation.

That's your Biden administration. The good news is that will go by the wayside, at least a lot of it. By the way, let me repeat that. 43% of the S&P 500 is under investigation by these maniacs in this administration. Did you know that? I'm telling you. just some tidbits and I also want to mention in Norway there was a recent wealth tax increase in Norway was expected to bring in a hundred and fifty-fourty-six million in yearly tax revenue instead individuals worth 54 billion left the country leading to lost 549 million in yearly tax revenue just wanted to let you know how it works and that's your show for the day you have a great evening drive carefully I'll be on the one PM show tomorrow, Fox Business Network, check it out.

And until the radio show tomorrow, 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.

I'm not sure if I'm doing the radio show tomorrow. But if not, you'll have Adam. Have a great one, everybody. 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 Gary K. That's GaryK.com. Struggling to see up close, make it visible with Viz.

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