Investor's Edge with Gary Kaltbaum - Bear Holiday PART1_ 11.28.2024 THANKSGIVING Thursday

Episode Date: November 28, 2024

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Ms. Talk Radio is proud to bring you. Investors Edge with Gary Colpom. Straight talk about you and your money. You can reach Gary now at 877-747 Edge. That's 877-7-47-37-37-37-33. 43. Here is your host, Gary Kaltbaum. And welcome once again to Investors' Edge. I'm Gary Kaltbaum, your host. A thanks for being with us today. Always glad you're here. Happy with your presence. Normally, when we do a holiday show like today or an educational show, we do not give you a date. But since we're being specific on the type of show, and it may be or may get quite timely in the next year, we're giving you the date. We are taping this show on Saturday, August 17th, 2019, and we are going to talk about the markets for the whole show.

We are going to talk specifically on this show. Conditioning of markets. Markets conditioning your psyche. and condition you to not act in kind. And what we mean by that is, if you have listened to this show forever, we care about one little thing, staying lockstep or one step ahead of the markets. You always hear me say things like markets setting up to do this, markets are setting up to do that. That sentence is not happenstance.

in the study of 100 years of markets, markets set up to go bullish, markets set up to go bearish, sectors set up to go bullish, sectors set up to go bearish, stocks do the same. Now, since we've had 10 years, not uninterrupted,

but where we've never had what we call a decent amount of bare market pain. The classic bare markets. Today's show is about bare markets.

And it's simple. Simple reason why we're doing this today. Because everybody is conditioned that we will never, ever, ever go through another serious bear market again because nobody can

even remember one, even though just 10 years ago, we had a monstrous global bear market. Everybody's conditioned for the central banks around the globe to save the day. And till this day, they're still at it. Just this week, our president jawboning our Fed to lower rates, which they're going to do. We've had 750 rate cuts since Lehman Brothers. We have negative rates in Europe, and they are coming out in September to lower them even more, even though, let me repeat, rates are negative. There will be more printing of money, and there's been about 20 trillion of that around the globe.

So we worry. The last two bare markets were gargantuan. Why? Because we believe central banks intervenes. with easy money for too long, causing bubbles, and you know what happens to bubbles? They do pop. And now this one, we have never seen in our history

what our central banks have done. Create money out of thin air. Europe is now talking about using money out of thin air to buy up the stock market. Where is the logic in any of this? I don't know. but that's not our point today our main point today is on how to prepare for it what you will see at the outset of it and will wind your way through how bare markets work knowing when we ever we go into one again

we will not know at the outset how long it lasts or how far it goes But we do know by precedent certain things will occur. So first off, let me state the worry is everybody's condition that the central banks will be there to stop any problems. And they happen. We get it. We had a 20% three-month drop in the fourth quarter of 18. Central Bank came in, changed their stance, market bottom immediately. We had a 10% correction just about three months ago,

came in, changed their stance again, market bottomed again. The real question is how long it's going to last, where markets listen to these people. So number one on the hit parade, bull markets conditioned people into believing nothing bad will ever happen. The longer the bull market, the more conditioning there is. the more the bull market and longer the bull market the thought processes no worries

that's what markets do so to start off how will we ever know if we are reverting from a bull market to a bear market well it's pretty simple back last year before the market dumped 20% and then the central bank saved it every day we and we don't expect you to but there are places to find these numbers but every day we scan 1500 stocks 200 sectors just about every country and every day we're able to keep lists of things that are in uptrends things that are in downtrends things that are not trending. And we keep numbers on this, not just on how many, but where. You've heard me for the last year talk about avoid energy, and energy remains in a bare market. Avoid most foreign markets. Most foreign markets remain bearish. Avoid most commodities. Remain bearish.

We had bearish in gold and silver, but in the last few months, we reverted to a new bull, that'll be for the next time. So we watch all these stocks and all these sectors and we have a list and we add them up and we see what sectors are leading, what are already bearish. And it's pretty simple at that point. The more names that break support and turn into downtrends, the fewer and fewer names that hold pulled up tells us something's amiss. Could be just a correction. As we stated earlier, we don't know.

We don't know how long something lasts or how far it goes. Just want to stay in lock, step, or a step ahead. There's no way of knowing six months out, 12 months out, regardless what Wall Street and all the pundits tell you. So what you will see and what you will hear from us, There goes another 30 stocks. Broke support. Support.

What do you mean by support, Gary? Well, the 50-day moving averages, for starters. And without having to be too technical, all the 50-day moving averages is price. Add up the last 50 days, the closes, and divide by 50. And you have a smoothed outline. Throughout 100 years of history, that was the first important point. Why? Because nothing good could happen if you're trading below this line.

Impossible to have an up trend when you're trading below. Impossible. Now, it doesn't mean you're going to crash. It does not mean the world's going to end. It may just stay below the line and turn back up eventually. But for starters, trading below the 50 day, that's your first line. Because your up trend for that second is over. For that second.

We've seen plenty of time. Stocks go up 50%, break the 50 days, sit around for three months, and then resume. But that's number one. And may I state about as important a point we will make to you as we go through these educational series. Up next. What next? I'll have that and more. This is the one only Investors Edge.

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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. Here 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. Cash flow crunch. OnDex's small business line of credit gives your business immediate access to funds up to $200,000, right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow.

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It doesn't get better than this. And what once again to Investors Edge. Thanks for being with us today. Educational show today. Bull markets turning into bare markets. So the first things first, the more names break the 50 day, the tougher the market's going to be. And every day we have these legal pads and we write them up and we can really tell the market by where the major indices are in relation to the 50 day and average stock.

Now here's a very important point. the major indices will hold up while so many stocks break below this very important area and break support. Why would that be? Because when the market turns defensive, it buys up defensive.

And you know what defensive is? The biggest of big names. The most liquid names, the Dow names. So those major indices stay up. But as more and more stocks and more sectors start breaking, eventually under the weight of all those stocks breaking, the major indices come down. Now, right now, there's some issues. All the major indices are below the 50 day. But guess what happened before that?

We've been talking to you about how the Russell 2000, the mid-cap 400, transports foreign markets were all very bare so a lot of things underneath the surface at this juncture not working that's how markets top but again we don't know how much so if 80% of the market's trading above the 50 day and then it turns into 70 it's a sign 60 a bigger sign 50 a bit you get the point so it is that point in time where it's the uh-oh moment again does not have to turn into the end of the world but we know by precedent that's how tops occur and it just so happened in the fourth quarter which we nailed for you of 2018 because it was a classic top central banks came in to save the day towards late

December. But what happens when markets get in trouble like this? More and more names. More and more leading names. Currently, as we get towards late August 2019 right now, there's about 50 maybe even more names, leading growth names that have broken support and even worse. So fewer and fewer the leading growth names, another sign of trouble, are occurring. right now. That's another part of the equation. But how do people feel? Market, the major indices are down 6%. Small caps down about 10, transport's 11. How do people feel right now? How do people feel when markets do top from the get-go off of a bull market that's lasted a long time? How do they feel? They're cool.

know why conditioning they are conditioned into believing it's a correction no worries we're good it's just a correction but mind you those that are heavy into energy stocks we're saying that 12 months ago and a lot of energy names are down 50 60% if not more just remember that There are a whole host of names. U.S. Steel is down 70-80% in the last year, as I speak in late August 2019. U.S. Steel! An owner of U.S. Steel a year ago, I bet you they thought it was just a correction. Guess what?

And that's why we always say when something breaks the 50-day, it's at that point. You must have it up on review and watch it more closely. because it's a potential start of a top of consequence. So it's at this point where most people are cool. That's a correction. We've had a good bull market. It's normal. Everything's fine.

And what are the pundits saying on TV? It's just the correction. Don't worry. Everything's okay. Market's cheap. It's a value. We're good. And I get it and we get it.

It is just a correction at that point in time. But we measure underneath the surface. And again, as we speak to you now in August 2019, we can tell you that the major indices is down 5, 6% from the highs. Small and midcaps are down 10, transports, but there are some things down 20, 30 and 40, and there's some foreign markets down in the 30s. So we know underneath the surface not as healthy.

as some would believe when they just see the bigger indices down 5 or 6%. But that's how we go into bear markets. Again, it doesn't mean we will, but that's the start of the bear. Nobody believing it's a bear. Everybody telling you it's just a correction. And the reality is at that point in time, that's all it is. But just for the sake of this show, we're going into a bear market. and we want to describe for you the things that happen next because everybody think in a correction

uh-oh see part of bull markets of the conditioning is a margin people are borrowing money to buy stocks so you have a lot of leverage in the system b i'm not selling it's just a correction get where i'm going with this and then c happens c another leg down. The major indices are down 10, 11%, the big guys. The small and mid-cap indices are down 15%. A bunch of leading stocks are in the 20s. How do the masses feel then?

The same way. Why? Well, for the past 10 years, we've had a bunch of 15% corrections. So they're good. And the pundits and the people on Wall Street are out telling you the same thing. We're good. Up next.

The next leg down. And some facts to consider. 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 Mbata. We discussed his vision for the future of quantum computing.

At IBM research, what we all... 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 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. 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. On Deck is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, On Deck's loans up to $400,000 help make it happen fast.

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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 welcome once again to Investors Edge.

So we are doing educational shows. This is a two-part, two days of bull markets turning into bare markets and all the characteristics. And we're not calling, we're doing this show in August of 2019, these two days. We're not calling for anything. We're just letting you know we've had 10. 10 years without a real bare market, and we do believe it's the central banks that have prevented it, and we do worry of the next bear market that they can't control is going to be much bigger because our study of asset bubbles and what happened in 07 and 08 in 2000, but we'll

keep our fingers crossed. So we've been telling you, we just got to the point where, well, now the major indices, the big guys are now down 10%. they finally got to the areas that are more defensive. As we said earlier, when the market goes defensive, you know where the money flows? Out of risk areas, and it buys up Procter & Gamble. Procter & Gamble's in the Dow.

Holds up the Dow better. So one of the main characteristics is, if you have to be invested, you get as defensive as defensive can be. typically, but not 100%, food, beverage, utilities, household products, those type of things, very liquid stuff. Drugs, so we're down 10%, major indices, but we've seen it plenty of times before in the past 10 years. as we do this show in August of 2019. So we're good.

And people are on TV. The pundits, not talking about the fact at that point the Russell 2000s in the 20s or the midcaps or the foreign markets in the 30s and so many stocks that have been hit so hard. They're talking to Dow S&P and they're down 1011. But we know at that point the average stock is 50s. 18. So when you see 10 or 11 and you look at your account and it's down 18, you now know why. Of course, unless you own Duke Energy or a Procter & Gamble type. Or a Hershey's, though Hershey's had their bare markets in the past. But everybody's cool. But then something happens.

remember how we discussed the 50-day moving average that nothing good can happen with an asset price if it's below the 50-day but not necessarily bad all bull markets ride above an ascending 50-day well there's something called the 200-day average and for us that is what is known as a long-term moving average you add up the last 200 days

and their closes and you divide by 200 and you have an even more smooth outline. For us, that's the major league point. Because not only are you below the 50 day where nothing good can happen, but not necessarily bad will happen, because so many times we've seen a break of the 50 day and you drop down to the 200 and you rally up, as we speak on this date this past week, and we're doing the this on August 17th this past week. A bunch of things held the 200-day moving average. But when you break the 200-day and you can't get back above it,

not only can nothing good happen, but only bad could happen. And what do we mean by that? Well, if you're trading below, you're in bare territory. That's what we call it. not necessarily the 20% that they tell you about. And if you stay below it, here's how it works. And I want you to listen carefully. It's recognized.

It's recognized by the big institutional, big money crowd. And it's at that point in time where you get more institutions selling. and then it's this point in time with a 50-day moving average that has been ascending, this line been ascending, rolls over and starts heading down. Remember, the 50-day mover, the shorter the moving average, the quicker it can move.

And turn, the longer a moving average takes a while. But once you break that 200-day, Not only nothing good, but normally only bad. And the longer you stay below, the worse. So we're at the point where a ton of names have broken the 200-day. But the major indices have not. They're holding up. But the Russell's down 15 below the 200-day, all kinds of stocks.

And you know what you're hearing from Wall Street right then and there? Well, we've seen 10 to 15% corrections forever. Don't worry. In fact, markets are so much cheaper right now. You got to buy. Buying opportunity. It's of value. But again, for our purposes here, as we are given you the characteristics of bare markets on how they move and how the masses react.

Bear with it. So things have worsened, and there's worry. There is a little good news at this point. A lot of people are turning bearish. A lot of people are worried. But since you're coming off of a bull market and you're no longer at a bull market, sentiments different.

In a bull market, remember, corrections get everybody worried, and all they do is pull back the market and they go on their merry way again. In bear market, sentiment changes. It does not work as well, so you must recognize that bare market. All the rules have changed. In the bare market, all the rules have changed. All your rules of bull markets are gone.

No longer will an upgrade from an analyst turn your stock back up. In bull markets, bad news is good news, and good news is great. news but in bear markets good news is bad news and bad news crumbles you'll see a company announce magnificent earnings and still go down in other words the rules have changed and you're gonna have to recognize them or you will incur some serious losses will go over those rules in a bit, in the second show covering this, which you will hear on another day. So you now have the big indices, let's call it, down 12%.

You got the Russell 2000 and some of the more risky ones down 18 to 20. My goodness. But we had that last year. and we had it in 16. We've had it during the 10 years. We have not had to worry about going through a real bare market, the one where we'll bring up to you

the real bare market characteristics in a few. So what happens next? Some more, uh-oh. All the usual things that move markets to the upside are no longer doing it. All of a sudden the reason why markets topped out and got bearish, we're starting to get some of that news. When the market topped, you didn't hear any bad news. But deeper into this bare market, you're now starting to get some issues.

Economic reports not as good, earnings reports not as good. More importantly, reactions not as good. Up next. I will continue. Don't be depressed. This is all good stuff. Up next on Investors' ads. 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 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. 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 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 stomachache every time that I eat and it just becomes like a lifestyle where oh yeah you know I just have a stomachache 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.

Cashflow crunch. OnDak's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly. and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by on deck or Celtic Bank. On deck does not lend in North Dakota, all loans and amounts subject to lender approval. You're listening to.

What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! Investors Edge with Gary Culpa. And welcome once again to Investors Edge. Thanks for being with us today. We are doing a two-part special. educational show on how bull markets turn into bear markets, characteristics of, reactions

too. We've already discussed how price will break below the 50-day moving average, but everybody's cool. Don't worry, it's happened before, how more and more stocks break down, where 70% are in uptrends, then it turns into 60, 50, 40, 30, 20. Sector by sector, stock by stock goes by the wayside. Reactions, no big deal. Wall Street, no big deal. We've seen it before. You just got to buy. What a value here. It's cheap. But we're talking bare markets here. Real ones. Not like we've seen over the last 10 years because of central banks. Not the ones that last three months and come right back up. We're talking about the ones that go through phases, legs, price, time.

So get your seatbelts on as we move through the bear market. And remember, don't be depressed that we're talking about bear markets. Use this as a weapon for the next time we have real bear markets. Which, by the way, we're doing this show in mid-August. We're seeing in many areas around the globe as well as in our markets, as mentioned earlier, energy stocks. Classic bear market. So, major indices down 12%, small and mid-cap indices near 20. The talk on TV is starting to turn a little bit negative, though you have the Wall Street

never turns negative ever. And then we have some characteristics show up what we call on a technical basis. And those are those moving averages. What you will see is that. 50-day moving average roll over top turn down remember in bull markets the 50-day moving average which is just price ascends all pullbacks are contained price of a stock in a bull market will pull back into the 50 day and rally right off it sometimes to the penny it's so uncanny but as we move through the weakness the 50-day-merectly the 50-day

moving average rolls over. The 200 day, you're accounting for 200 days. It does not roll over very easy. It takes time. So it's the 50 day we watch first and foremost, where price is now below, and now the 50 day starts heading south. From, let's say, 1030 on a watch down to 430. Well, since we have a 50-day moving average and a 200-day moving average, and the 200-day doesn't move, but the 50-day does and is coming down, what's the next thing we look for? The 50-day crossing below the 200-day moving average, a sign of bearish action.

And it's at this point in time you should have taken some action weeks ago, but of course we've seen this before and central banks save us don't worry everything's okay it's just the correction

markets have a hundred years of history don't be stupid and sell now it's already down 18% but we're talking to real bare market kids amuse us

so the market market drifts lower it's now major indices are below the 200 day important sectors are two most important sectors the semiconductors and financials below so many things below the 50-day break in below what happens well bear markets are not very nice one of the main characteristics of bare markets is that the bounces and the rallies in bear markets are a lot stronger than in bull markets. Why? Because of short covering. Because once you get into bear, short sellers get enamored with themselves.

They get emboldened, and they have very quick trigger fingers. So you get really vicious rallies. And what do these rallies do to the masses? and to Wall Street. It gives them hope. Bear market rallies are stronger than bull market rallies, and they're vicious. We coined the phrase.

They're sharp. They're quick. They make you feel good. They get everybody talking about them. They then suck you in and then screw you. soon after one of the main characteristics of a real bear market we cannot say that loud enough we cannot begin to tell you how many people will get sucked in on bear market rallies because everybody on wall street is going to tell you bear market's over but

Little do they know. It's just a bear market rally. Up next, on the next show, we'll wind your way through the rest of the bear and the bottom of the bear. Thanks for being here. This has been the one and only Investors Edge. Thanks for joining us for another edition of Investors Edge on the Biz Talk Radio Network. If you missed any of today's show or to get in touch with Gary. cult bomb, please go to Gary K.com. That's Gary Kottom.com. To reach Gary Koltbaum at his office,

call 1-8-4-2-2-5-55-9. That's one, triple-8, 422-55559. Edge with Gary CultBomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Success starts with your drive. 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.

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