Investor's Edge with Gary Kaltbaum - Better better [04.24.2025]

Episode Date: April 24, 2025

https://garykaltbaum.com/THE BIG 5 APRIL 24 By Gary Kaltbaum April 24, 2025Excellent market day. Broad based. Technology leading.Very good reaction to earnings.Got back the 4 day drop into Monday.It�...�s not the de deals. It is the tariffs.Higher low getting confirmed. Don’t blink!  

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Starting point is 00:00:26 That's Tommyjohn.com, CodeCompert. Tommy John. Comfort perfected. 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 Colbom, your host. Hey, thanks for being with us today.
Starting point is 00:00:47 Glad you here, ladies and gentlemen. Happy that you are listening. Last I looked, it is Thursday. It is the 24th of April, 2005, hope you're having a good day. As always, lots to cover, lots to talk about without any a gender alternative motive or bias. Serious talk. We'll do the markets. We'll do tariffs. We'll do trade deals. We put off Doge for right now because I'm not getting a lot of Doge right now, so not much to say. And anything else that comes to mind, your job, your industry, taxes, definitely.
Starting point is 00:01:28 deficits, scams, shams, corruption, you name it, we will gladly cover it. And if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it on our Twitter feed, which is now X. And if you don't follow us on X, you should. And if you'd like to email us, all you got to do is be nice. It should be pretty simple for you to be nice, right? One would think. Ladies and gentlemen, there are simple.
Starting point is 00:01:59 moments in time in the market going up or down that we try to cover get you in front of and you never know what the next day is going to be especially with a very noisy goings-on right now but I must tell you I have a few thoughts before I get into the market oh you know let me just state for the market it had another good confirming day-to-day remember we told you you had a confirming follow-through day on Tuesday and we have seen nothing but up upside, though yesterday really sucked as the Dow gave back 800 points from the highs. The NASDAQ gave back, what about 300 points from the highs? But today, excellent day. And we'll get into it in one second. A few seconds. A lot of emails we have been getting about trade and tariffs and all that. let me tell you how I absolutely positively feel. Whatever's going to happen going forward has nothing to do with trade deals.
Starting point is 00:03:12 What? That's all they're talking about. Let me explain. Not to give them short shrift any trade deal we may get. What you need to know, number one, is they're going to oversell it. You know, President Trump, everything's the greatest. most fantastic, the best in the world. We get that a lot from him.
Starting point is 00:03:34 And that is not a rub. He's a positive guy. But what you need to know, just because some country is going to buy a few more things from us or a billion here or two billion there, it's not going to move any needle. It's not going to add any big GDP. to this country?
Starting point is 00:04:02 Create jobs? Will it create jobs? Not so sure about that. We're almost fully employed right now. Do we want to have more manufacturing here? Sure, but there is no way we're going to replace the people, 98% of our sneakers and shoes made in Asia. That's not going to change.
Starting point is 00:04:24 Do we want to make more cars here? That's going to happen. It's going to take time. And there's going to be more of that, and that's good. it'll create some jobs, but you have to remember, we're a $30 trillion economy. To add, I have no complaints, adding a couple of hundred billion, terrific. It's a fly on an elephant's butt. So I think we're going to get trade deals.
Starting point is 00:04:49 I have no idea with who and how much and when. We're hearing differing things. And again, I don't know how much and when, but that doesn't matter in the big picture, though it's going to be oversold. The most important part of the equation you need to know. And since we've been 100% right on all of this since day one, we warned you about the tariffs. We're the ones who warned about the tariffs.
Starting point is 00:05:16 Everybody, we warned everybody on TV, on radio, about the tariffs that it's a horrible economic policy. And what did the tariffs cause? Oh, a crash in the dollar, a crash in the stock market, a real drop in the bond market. got a real drop in the bond market. Duh. Commerce stopping. Duh.
Starting point is 00:05:37 So the fact that they did the pause, which I think is going to stay forever, I got to believe that because that's what started the crash. I got to believe the talk now about coming down off of these real high tariffs, even though they kind of came off of that too. Don't get me started.
Starting point is 00:05:59 I got to believe they have smartened up. That's going to be the big story. Getting rid of those. We'll get some trade deals great. They're going to oversell it. They're going to tell you they're the greatest. The big story is getting rid of that crappy, scummy, sleazy tariffs that make absolutely no sense.
Starting point is 00:06:19 We were 100% right about it. And little did we know in case you did not know. Home Depot and Walmart and Target told the president in two weeks we'd have shortages and would force up prices. Little did we know the port of Los Angeles, imports have dropped like 40, 50%. That's business, that's commerce. Little did we know that Amazon stopped some shipping. Carp company stop shipping.
Starting point is 00:06:44 Why? Because they don't know what the hell's going on and what they're going to pay for things. That's the big story. And I'm pretty sure. I hope I'm right in saying this. I think he has to get it by now, don't you think? Because every time he comes off the tariffs, the markets go up. Yields have been coming down.
Starting point is 00:07:18 More belief and trust in us. I've got to believe he's seen the writing on the wall. And I have to tell you, if he goes backwards again, then he's got to be considered. one of the biggest economic jackasses of all time based on the market screaming at him. Now I know, and this is the biggest problem I have, people that love him, he did the tariffs, tariffs are great. People that love him, he takes off the tariffs, tariffs are not great. You guys got to get real and just think about policy and not who you love. Remember what we do here. And we got to that point years ago,
Starting point is 00:08:06 when we realize they all suck. These politicians suck. They're working for themselves, and a lot of them think that we're working for them. AOC and Bernie Sanders have been yelling and screaming us about climate change. They're taking private jets to speak to people. You know the two words, right?
Starting point is 00:08:27 Up yours, private jets. Do you know, like one trip on a private jet? That's like two years of you driving your car. I read that somewhere. Anyway, back on the president. The markets are getting stronger now as he has backed away from the stupid. And man, it was stupid. And we will keep our fingers crossed.
Starting point is 00:08:56 He gets it. Because I got to believe he likes the markets going the right way. And I got to believe he has seen his poll. his poll numbers on the economy and tariffs have crashed. Did you know that? His poll numbers on immigration are fantastic on the economy and tariffs. They've crashed. So we're going to assume, and I know what you're going to say about assume,
Starting point is 00:09:25 that he gets it, which takes us to the market. So yesterday, at the high, we lost 800 points from the high. Horrible. finished up almost 500 today. The NASDAQ yesterday, I think like 300 points off the highs. I'm guessing, maybe 250, up 457 today. Advanced declines today strong. Reaction to earnings.
Starting point is 00:09:58 Not all, there was some blowups, but reaction to earnings terrific. What do we always tell you what the market needs to lead? technology and financials slash banks. Very good day. What did I tell you the number one stock was? Netflix broke out of range and into new high ground. By the way, one of only seven stocks and new highs, even though we had such a strong day.
Starting point is 00:10:24 I'll name a couple of them, and I'll tell you what else is starting to come on. Because all we do right now is we measure. Netflix, we're in. we have to be by rule another name take two interactive edged out a range today numbers but guidance is pretty good going forward we'll probably look to get that crowd strike getting close mercado librae getting close the names that move out of range first ones as long as they reported earnings already we're going in why because that's how markets work strength begets strength up next What else on the markets? Lots to cover. I'm Gary. This is the one only Investors 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,
Starting point is 00:11:42 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 888-4-5-59.
Starting point is 00:12:19 That's 8-8-5-5-9. That's 888-4-22-55-9. Investment Advisory Services offered through Colbaum Capital Management. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw-fly is a game-changer.
Starting point is 00:12:50 With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One VentureX card. VentureX offers the premium benefits you expect,
Starting point is 00:13:12 like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000, airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives,
Starting point is 00:13:48 and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is, Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones.
Starting point is 00:14:16 Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. 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.
Starting point is 00:14:40 With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. And do not forget, we are President Trump's best friend. We're his best friend. one who critiques and provides solutions are his best friends. The ones that kisses butt, even when he's wrong, and killing markets, are the enemy. Just remember that.
Starting point is 00:15:23 Muay Importante. Still haven't met him. I bumped into him at the Trump Taj Mahal. many years ago, I went to WrestleMania there and I bumped into him. I actually bumped into his shoulder. That's the only time I've ever met him. He didn't say a word, I didn't say a word. Because he was already on his way.
Starting point is 00:15:46 That's my claim to fame with President Trump. And we are wishing him well. We are wishing him nothing but greatness. We are wishing that the economy soars, the market soar. That's what we want. that's what we want. What we don't want is BS. No more.
Starting point is 00:16:11 We don't want that. Okay. Back on the market. Oh, interject something here. You know how we tell you we feel like we have a real good nose for what's going on out there? And this is just a buildup of years. When I start in the business, I used to visit the Home Depot parking lots to see how many cars were there. That's how insane I am.
Starting point is 00:16:41 You know how we tell you that we just feel like we have a good feel? And, you know, we fly up to the northeast just about every week. And we visit some places that we think are meaningful. A couple of malls around here in central Florida. Some of the important restaurant chains. we told you weeks ago something's up with the airlines because we spoke to TSA at Newark, LaGuardia and JFK
Starting point is 00:17:19 three pretty important places and of course Orlando International Airport and we don't act like we're anybody so we just clear is it busy how is it versus like a month ago little things like that and they are glad to answer. And of course, when we're on the airplanes, we can obviously see. And we can also see as we go to the gates.
Starting point is 00:17:49 How many people are waiting to get on? Southwest Air CEO Bob Jordan in an interview says airline industry is in a recession. How is it we knew that was about six, seven weeks ago and now they're just reporting? it. So just letting you know, sometimes you can see what's going on and you don't have to wait. And just in case you don't know, we call the top here on this show in the airlines back in, I'll give you the exact day. I believe was February, the week between February 13th and February 21st. And since then, the airline stocks that drop about 25%. And we'll see what happens from here. We don't know. But we saw it with our own eyes. Just let you know. And now they're reporting it. I believe American
Starting point is 00:19:01 Airlines also came out with their numbers and they talked everything down also. By the way, they lost money on no growth. And if I had a message to these Airways, airlines last week I had an emergency to go to New York within a day and Delta's one of the excuse me the cheapest flight was four hundred eighty dollars one way in economy maybe you want to treat your clients a little bit better than that and not piss them off some of them had nine hundred dollars one way for economy you know why they do that they have you buy the you know what's when you have to book the day before.
Starting point is 00:19:44 But I would think there would be an airline out there that would be smart enough to say, you know, we're going to treat people a little bit better, and then we're going to advertise it. Hey, by the way, look what they charge and look what we did. Nah. Why would they do that? Anyway, that's the airline story. And if we pick up on anything else, we'll let you know.
Starting point is 00:20:08 We told you about Starbucks, new CEO, we don't understand. understand what he's doing. But I must tell you, they have something called the Cortada. What a great drink. It's like an espresso with some foam and some, I don't know what's the spice that they put on it. Boy, is that really good. Anyway, the stock's gone from 117 down to 83 since March. We warned you about it. The stock was rallying, and it was like, I don't understand why it's rallying. and of course they finally got to it. I don't understand what he's doing. Oh, no, we're just going to keep prices high.
Starting point is 00:20:50 Yeah, sure. Nobody's going to care about that. Anyway, just little tidbits. Okay. So, the market. We had said to you that we thought the crash low, and that was April 7th. And then you could call April 8th and April 9th,
Starting point is 00:21:12 because the lows got close. We had said we thought, there's no way that's being taken out right now. Notice the words right now. We're not saying down the line, we don't know, and maybe it is the low. But we had said to you that, and we were hoping that we would get something called a higher low.
Starting point is 00:21:33 And that simply means you rally up, and the next time you pull back, it holds above those lows. That's what happened Monday. and I'm just letting you know I'm kind of comfortable in saying right now that the lows of Monday which is higher than the lows of
Starting point is 00:21:52 the crash lows I'm pretty sure they're going to hold for now and when I use the words for now it simply means for a while I really've never put weeks or months on that because you don't know with one proviso
Starting point is 00:22:11 And unfortunately, we have to give a proviso, notice the big word. If President Trump wakes up tomorrow and says, you know, that pause for 90 days, we're going right back to it, screw it, we'll crash. We'll crash. Just letting you know. So we're working under that. We will crash if the president goes back to that. And I mean that. The market won't be able to take it.
Starting point is 00:22:42 your industry won't be able to take it. Industries will not be able to take it. It was one of the worst economic policies I have seen in forever. But I give him the credit. He's finally backing away. But great day, happy about it. What's next? That's up next.
Starting point is 00:23:03 On this, the one only investor's edge. It's no use putting it off. The best time for an underwear refresh is now. Tommy John Underwear is designed for a purpose. perfect fit that stays put all day. Their zero-chafe thanks to four times more stretched than competing brands and their innovative horizontal quick-draw-fly is a game-changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code
Starting point is 00:23:55 Comfort. That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply lounge access is subject to change.
Starting point is 00:24:29 See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster.
Starting point is 00:24:51 The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Sprinker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to. America is talking. Investors Edge. He's got to be pleased with that. The crowd is just
Starting point is 00:25:31 on his feet here. He's a Cinderella boy. With Gary Coltbaum. recommended you're gonna feel better if you talk to you know when we use the language here about the markets overbought oversold and what that simply means is that a move has been done uh it's been a big move in a very short period of time both up and down amazingly i can tell you that the market going into Monday was still on the very oversold side, it is extremely overbought right now on a near-term basis. But in order to get very overbought, you need to go up nicely.
Starting point is 00:26:41 So, cool. I really like what the market's doing now near term. It has afforded me things to do in a market that didn't allow. me to do anything, which is very good news, which means I bypassed all the nausea, and we're still going to take it day by day. We're not going to let our headlights go farther. Then they can actually go. And we'll see what tomorrow brings. Simple as that.
Starting point is 00:27:19 I can tell you, we had mentioned Netflix. We had mentioned Palantir. We had mentioned crowd strike broke above a little range. Not new highs though yet. And we're just looking for more and more things. I take that back. We're not looking for it. They show up.
Starting point is 00:27:40 And of course, now we're in the midst of big time earning season. And we'll look for strong earnings, strong revenue growth. We'll also look for BS because ladies and gentlemen, gentlemen, sometimes reporting has a lot of BS in it. We'll see. Of note, today, not after the close, but today, Service Now, NOWW, a software stock that had been trashed, up $125 on their numbers, which are decelerating a little bit, but not bad, has a lot of work to do, but a very, very, strong day. I will tell you some semiconductor stocks. Texas instruments up about 10 today was up about 14. And just remember, these are all recovering from bare markets and it remains to be seen how
Starting point is 00:28:39 much they can go. Lamb Research was up for today to 70 and change about 6%. Here's another little semi-impinge. It's called symbol PI. Stock had gone from 239. to 60. I heard somebody talk today about holding long term. Would you want to hold something long term that went from 239 to 60? Hmm? I'm going to let that sit for about 10 seconds. Would you like to have something go from 240 to 60?
Starting point is 00:29:16 Oh, by the way, in about seven months? Would you want somebody to say to you, don't worry? Think long term and it went down 75%. Just letting you know. Anyway, that was up 16% today. RestMed, RMD, up 10% today. And you know, one of my favorite economically sensitive names, United Rentals, was up $58, almost 10% to $647, as probably puts in a low.
Starting point is 00:29:51 The market's better, of course. but deceleration in sales and earnings were down 3%. That's not great news. But the market. And after the market, Google reported and beat handily closed at 159. It's 166. Still down from 207 in February has a lot of work to do, but really good numbers. I'm surprised it's not even higher, but I'll have to look through those numbers.
Starting point is 00:30:20 a symbol fix it's one I watch because it was a leading stock until it topped out on the AI crap and has gone from 553 down to 300 at the low a couple of weeks ago well that's going to be up 10% tomorrow on their numbers I'm going to have to go through that and then there's some blowups I'm not going to go through
Starting point is 00:30:46 I want to keep this on a positive for a chain because the market is suck so bad. So it's good to see service now a mega cap, but a sizable one. Netflix, a mega cap, breaking out a range. Google is going to be up, if nothing, changes tomorrow on that. And of course, if Google's up, Facebook is going to be up, it's up 12 bucks in the aftermarket.
Starting point is 00:31:17 And by the way, Facebook meta, 740. down to 480. Would you want to hold that from 741 down to 480? Just asking. Because there's a awful lot of people that have been in this bare market and lost their arses
Starting point is 00:31:41 that are out there already patting themselves on the back. I will never name names. Told you so. I saw once say told you so. And I'm thinking to myself, hmm, I know what that person owns. and I got to believe he's down about 25% in the last two months. Still, but they don't care.
Starting point is 00:32:04 Just be careful, ladies and gentlemen. So Netflix, Palantir, but that's still not a high. Crowdstrikes getting close. I mentioned Take 2 interactive, but as far as new highs, I don't think I want to even mention any others. I'm going to mention KT. I'm humble, Korean telecom services, but I can't figure out their numbers. After that, there are really no new highs.
Starting point is 00:32:41 And you know what? I'm thrilled. It has been such a brutal drop that there's so many things so way away from those highs. But you know what? Every bull market has? New highs that show up. So we are gauging the things that are moving up the fastest, and we'll see what comes of it. We don't know yet.
Starting point is 00:33:05 And the fact that the matter is, we have, I don't know, a couple thousand earnings reports in the next couple of weeks, and we'll see what goes on. And we'll report to you. And by the way, we're going to tell you to buy, sell, short, or cover. We're just telling you what we're seeing. It's not hard to say to you, oh, it's a new high list. you decide but very good day and unless he changes his stance and goes back to the nut house crash lows look very good and monday's lows look good and any pullbacks constructively towards monday's lows i'm gonna like that's the thought process
Starting point is 00:34:04 and as more things show up the better what else did I like today the banks they still need plenty of work and they're still way down example Goldman Sachs was up 16 today to 545
Starting point is 00:34:23 it was 672 about eight weeks ago that's what we mean and we don't need to go through the rest of that's just one example but we can kind of tell when I don't know if I want to use the words the bottom kind of tell when they got a little juice and if anything changes we'll let you know and we're seeing it in others and as you know our screens are set up separated by sectors and importance and
Starting point is 00:35:00 we'll see how it goes do not forget Procter & Gamble gagged today. IBM was down 100 Dow points today, even though the Dow is up 486. Tells you how good some of the things are. Things like Microsoft up 12. Dang, that's good to see. The stock is down from 10 months ago from 468. It's 387. That's how tough that's been. Salesforce.com in the Dow was up 14 today. That's, let's see, 26 Dow points. That would have been about 160 Dow points between the two. That was up 14, but closed at 264. It was 367 10 weeks ago. Lots of damage, kids. We'll be on it every day. Up next, this, that, the other thing. Whatever else, I'm Gary. This is the one only Investor's Edge. It's no use putting it off.
Starting point is 00:36:27 The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com, code comfort.
Starting point is 00:36:54 Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide.
Starting point is 00:37:19 The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need,
Starting point is 00:37:36 explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing.
Starting point is 00:37:59 Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go.
Starting point is 00:38:25 Action! I did. With Gary Culpa. I did not receive any phone calls today. That means my father had a good day. Yay. I mentioned American Airlines before.
Starting point is 00:39:01 American Airlines reports a first quarter loss and pulls the whole outlook for 2025. And as we mentioned to you, an outcome of this whole immigration thing is that number one travel from Europe, especially Western Europe, way down to the United States, Eastern Europe, which is more right-leaning, leaning, by the way, this is true, that's picked up. From Canada, way down, airlines have pulled flights from Canada because they can't fill them. so a little bit of that going on and I think that's part of it but I'm pretty sure domestically
Starting point is 00:39:47 it's a little bit on the soft side they may want to think about how much they are continuing to charge and by the way I was looking at flights to London Memorial Day the week of business class which is usually four to five grand round trip 12 What, I think I'm going to do that? Not saying I was, but I'm just saying, I always look around to see what's going on. Wow, huh? Which takes me back to something I said earlier because I haven't, I don't think I've done it enough. Bernie Sanders and AOC flying private jets.
Starting point is 00:40:39 Interesting. I just want you to remember a few rules of socialist. and Marxists. The one big rule is they are only socialists and Marxists with your money and your lives. With their own lives, they're shooting the middle finger at us and doing whatever they want to do. So they'll look into the camera and talk about the climate a thousand times and then get on a private jet to make themselves happy. It is the height of hypocrisy. We just want you to remember that. They will tax your arse off until you're in the poor house, all for the greater good. Catch in the Drift. Bernie Sanders in the past was calling for a hundred percent tax rate on every
Starting point is 00:41:35 dollar above a million. He has praised the Cuban economic system and health care. By the way, in case you don't know and haven't read about it, Cuba is imploding right now. Their whole economic system is imploding. It is amazing. What is it? 90 miles south at Key West, I believe, is it 90? And they see the growth of the United States
Starting point is 00:41:59 and they can't get their act together. They're still driving cars from the 50s. They're still repressing people. And I'm just thinking to myself, what the hell's the matter with the people? how have there not been an uprising there between the castros who were I think gone I don't even know who's running the joint now
Starting point is 00:42:20 and I had friends that actually went to Cuba a couple of weeks ago and they said the place is beautiful with beautiful beaches do you know there can be Shangri-La there it is amazing to see and it's amazing to see Venezuela that yachts that punk Maduro, he lost the election by Miles, but he runs the military.
Starting point is 00:42:47 And I think they jailed the guy who beat him. I think that's what happened. Don't quote me on that last part, but I'm pretty sure they're jailing people that are against them. And the people are desperate. They've lost all hope. And I'm amazed it's 2025 when we still have pieces of crap like that able to take over countries. it's amazing to watch these socialist Marxist dictators. I know I'm going to get some Trump haters saying, well, Trump's a dictator also.
Starting point is 00:43:26 I get that. Anyway, I just want to bring that up because I heard that Bernie and Alexandria, they had like 30,000 people go to see them and applaud them. And I'm thinking to myself, do these 30,000 people know that these. two want to control their lives, take out a machete and cut them off at the knees, take over their wallets, and if they had their druthers, the government would get paid and then that money will be doled out on money they made? Do they not know that? Have they not spent five minutes looking up Marxism and socialism and what it's done to every country that it's ever been put upon the people?
Starting point is 00:44:20 Are there 36,000 that showed up that stupid? This day and age where information is so at hand? Are they not pissed off that they're flying private jets while telling people they have to conserve and it's the climate? Have they not figured out that the climate thing is a hoax in order to make people rich? I saw Al Gore was out this week talking. I could never meet Al Gore in an airport.
Starting point is 00:44:54 You know why? He takes private jets. He's in that little private jet area away from the airlines. Because I got to tell you, if I ever saw him in an airport, he'd be getting a few words out of my mouth. So we just want you to remember this, how bad these people are. They are such the enemy. By the way, I say that telling you how bad Trump's been on tariffs. but Trump is a tiptoe through the tulips
Starting point is 00:45:20 compared what these people and their proposals and their thought processes have done to great countries Venezuela used to be this oil-rich country and now because the Marxists took over and they don't know how to run anything they've destroyed it if I took over Venezuela tomorrow within a year they'd be back to being oil-relipped
Starting point is 00:45:47 rich. That's how easy it would be, but you have a scumbag running the joint. So we just want you to remember all this. These are not good people. They are out to rob, destroy, and control. Definition of Marxism and socialism. That all said, you have a great evening drive carefully. And when you get home, do like we do. Quite simple. Make sure you hug your family. Make sure you hug your children, they will feel better, you will feel better, I promise, and do not forget. We're here for us, not them. Peace out all. Hopefully the markets continue on the way. Good night. This has been Investor's 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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