Investor's Edge with Gary Kaltbaum - Big Rebound

Episode Date: April 27, 2023

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

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Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. Thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is April 27th, 2003.

What is it, Thursday? Yes, it's Thursday. And thanks for joining. us today. We are pre-tapping this show in the final 15 minutes of today's market. And as always, I got to tell you, no, it's not the wildest market I've ever seen. And it's not the most dumbfounding market I've ever seen. But I must tell you, it is one of the most, even the word divergent markets I have ever seen. We have explained to you that in the past, we have had markets. You can go read up about the nifty 50 in the 70s. We've been talking to you lately,

ad nauseum, notice that big phrase, ad nauseum, or is that a word, how a select few stocks are so much of the indices. It's actually stunning. And the good news is working seven stocks, 51% of the NASDAQ 100. Those seven stocks are 23% of the S&P 500. And right now they're working. and also reacting to earnings reports that are not so great.

And in big ways. Today it was Facebook. Yesterday, Microsoft, Microsoft 12% of the NASDAQ 100. I'm pretty short 6% of the S&P 500. And I look at their numbers and I'm like, wait a minute. These numbers are not that great. And then I remember, yeah, Microsoft 6.5% of the S&P 500, Apple 7.18%. And then I remember it's not the news.

It's how they react. And Microsoft big reaction and another good day today. Facebook good reaction. Finishing up near the high. Well, it actually opened today and just finishing. Google, which was dead on its earnings, actually moving today. And why is that? Because when they move them all, move the biggies, they move them all.

Chipotle, Big Gap yesterday, was down 10 early today, up 27 as I speak. And Amazon reports after the close. Isn't stopping it from going up 5% today? Make that 4%. Foreign change. Apple doesn't report till next week. That's up 2.5%. Tesla, not a good report.

acted poorly. They got that bouncing today, 4%. Though that stock is the only one of the seven in what we call downtrends. Everything else, well, Google's not in an uptrend, but certainly is held support. Amazon's not an uptrend, but trying. Apple's been drifting higher and drifting higher and drifting higher and drifting higher, and Facebook has been an up trend and gaps up. Microsoft has been in a less of an uptrend and gaps up. Those are the seven.

And Viti is the other. And some of them have crappy earnings, but amazing. The other part of the equation is coming into today on the markets. Coming into today, there's been a ton of breakdowns. There's been a ton of poor action. The last two days had the Dow did. down 600. The last two days had the transports down a thousand points. Not to mention stock after stock after stock after stock breaking moving averages and support levels.

Some of import, some may be not so important. Also today, you ready for this? Crocs, that's been a strong name. Oh, down 24 bucks, 18% on earnings. Domino's Pizza down 20. Symbol P.I. Impidge, that was a semiconductor. That was at the highs. Down $53 to $81. What is that? 30-some-odd percent. United Rentals, down 18 bucks, an important economically sensitive stock. Aspen Tech, you ready for this? Down 56 to 174. Align Tech down 36 bucks.

I can continue. Other semiconductors hit pretty hard. Lattice semiconductor, analog devices, and go on and on. The bigness of the market today ignored it. To the point where I think the S&P and Dow were back to east, even this week. And the NASDAQ. Maybe the Dow not back to even. And we're back in that range again. Dow is up six points on the week. But very good day. And the market will close in nine minutes. We'll give you out the final numbers. And then we'll await earnings after the close as man, oh man,

the jello is moving on the plate. If I can find my earning sheet, there it is, after the close. Oh, we got Amazon Amgen and the Dow Intel in the Dow, first solar You got the point And my job is simple Gage

Scan And look for range bound moves Out of the range On the way Microsoft Gapped up Almost out of range yesterday Doing it today

Facebook gapped up out of range Today Chipotle gaped out of range today. But of course a second ago, I mentioned the ones that did the other thing. The opposite crashed. And that's why we tell you, we ain't touching anything before earnings. We always love when we hear somebody on Tube say, yeah, we think you should buy before earnings.

Do you know what the most favorite stock in the market has been over the last couple of months talked about every day? is Crocs. Every day, Crocs. Crocs this, crox that. Article two days ago and how great they're doing. No, there was an article two days ago. How great Crox is doing.

Down 16% today. Boom, bye-bye. So we'll see how we finish. I did a one o'clock scan today, and you know what I found? Six to one, maybe seven to one. Maybe, yeah, bad stocks versus good. What's a bad stock? In a downtrend.

And you'll have to trust me, I know what a downtrend is versus an uptrend. Versus good. And as I look at the good, mega caps, for the most part, some things joining in today. Can't wait a scan after the close. So I'd give you the market wrap, but I can't because the market isn't wrapped. It's six minutes to go. I will tell you this. Whatever the market is right now is brought to you by,

Investment-Dashmodels.com. That's Jim Roerbach, one of the great market timers. No gray areas with the man you're either in or out of the market. With his proprietary indicators, go check it out. Investment-dash-models.com. The Dow was down 600 plus the last two days. It's up 520 today. And until 1123 today, it was laboring.

And at 1123 to 1125, it went up like 120 points. Boom! And since then, just boom higher. institutions woke up on what I don't know because the GDP number is less than expected and the bond market was down pretty big today yields are up almost the stick you would think wait a minute

market shouldn't rally that's why it's not the news is how the market reacts to the news of course we have the Fed next week and we're not conspiracy theorists but we wonder did they leak what they're doing next week to Wall Street but that doesn't happen right right there's no leaks

in Washington is there no never all right so I'll take the conspiracy theory away SMP up 78 NASDAQ 285 NASDAQ 100

353 Semiconductor's lag but came back towards the end up next we'll get the market wrap everything else 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, 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,

will carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-2-5-59. That's 8-8-5-59. That's 888-4-22-55-59. 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 stomach cake 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 IHeart Radio. Listen now wherever you get your podcasts. This is Sarah Spain from Good Game with Sarah Spain, brought to you in part by Vital Farms. Let's talk eggs. Vital Farms pasture raised eggs, to be exact. My favorites, the only kind I've got in my fridge. No joke. And here's why. These aren't your average eggs. The hens live on open pastures with fresh air and sunshine all year long. They forage on local grasses and stretch their wings. They're living their best life. That care really shows in the taste. I love mine scrambled

with a little butter or whipped up into a fancy frittata. And here's something most people don't know. You can trace your eggs back to the farm they came from. Seriously, side of the carton, you'll find the farm name. Type it in at vitalfarms.com slash farm, and you'll get a 360-degree peak at the pasture. Plus, Vital Farms is a certified B corporation, which means they're committed to improving the lives of people, animals, and the planet through food. Eggs you could feel good about. So next time you're in the store, look for the black carton in the egg aisle and visit VitalFarms.com to learn more. Vital Farms. Good eggs. No shortcuts. It's time to switch on the integrator units and get the brain cells working. You're listening to

Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. So the doubt gets back a bunch of the last two days. What hasn't really? Well, the transports have had a good day today, up 350 as I speak. They were down over a thousand the last two days.

Just had to mention that. The advance declines were laboring early, but pretty decent. You know, it's not decent? New Yearly highs still less than New Yearly lows on the New York and the NASDAQ. four times as bad on the NASDAQ. And when I go to my New Yearly High list and I already wrote a bunch of names down, if I tell you there may be 20, but there are a couple impressive ones at New Yearly.

Listen, Microsoft and Facebook and Chipotle at New Yearly highs. Starbucks hasn't reported yet, New Yearly High. Mondalese, Food, New Yearly High. Churchill Downs, New Yearly High. Interesting. Guess what's in the next week? The Kentucky Derby. That hit a New Yearly.

Good reaction to earnings. That broke out a couple of weeks ago and I didn't buy it. My bias against food stocks, I didn't buy it. I should have bought it. It was a good looking breakout. Up 11 today on pretty good numbers. SAP, I've been mentioning that to you, a software company out of journey me, new yearly high. So there's some good stocks. I got about 20. Out of all the NASDAQ in the New York, just 20. 20. That's it. Just 20. But very good day today. I'm impressed. And you know I don't get impressed easy. We're back in range with the NASDAQ 100 in the upper end of range. Are we going to bust out of that range? If anything does, it would be the bigger NASDAQ 100s. If anything does. Laboring still, Russell 2000. Can't find a friend. Not even close.

I mean, the divergences between small and mid and big and mega is the widest I have seen. I don't think I've seen them this wide. But who cares? Just want to know what's working and what's not. In the Dow today, Caterpillar was down two bucks, but was down, I think, 10 at one time today, and that was on earnings. So I'd be careful about Caterpillar. Actually, Caterpillate at 204. It was down 12 at one time. The market brought it back up.

Weak. Everything else up on the day. With some pretty decent moves on the day. And then the mega-cap tech. Which, by the way, just based on history. Up in the trees valuation-wise, just based on history. earnings Pedestrian

earnings aren't good better but earnings not good the best one so far Microsoft earnings are up 10 revenues up 7 is AI a part of this well let's see

I am told Microsoft mentioned AI 60 times I was told Google mentioned it 76 times, I was told Facebook mentioned it 65 times during the press conference. Now, as I have told you, I am in the midst of studying artificial intelligence. I'm not even close to knowing, understanding, but I'm on it.

And all I know is everybody keeps saying it's Muay and portante. I won't argue with them. How's that? I won't argue with them. And now, in real time, as the market closed, I got Amazon closed at 109.82. I got at 117. Make it 119.

So now Amazon's on the move in the aftermarket, which will help even more. So the only stock right now, well, Google did not react to earnings. Google did not, but is up for today. Apple reports next week. Facebook up 29 today, Microsoft, in two days. Let's take a look.

Closed two days ago at 275, it's 305, up 30. NVIDIA reports in a month. Tesla, only one. closed at 180, it's 160 from the earnings report. And now Amazon, on top, well, it's up $10 in the aftermarket. Make that 11. And as I said to you, and listen carefully, and this is the important part of the equation, Amazon is almost 3% of the S&P 500.

equal weighted S&P would only be one, so it's three times the norm. NASDAQ 100, it's 6.5%. So we got another one on the move. The Big 7, and we'll see how Amazon opens tomorrow, but right now, got it up 10% in the aftermarket. Almost 11. And just so you know, and this is an important part, they came in at 31 cents. for the quarter. So they made money.

That's what everybody's happy about. And they beat revenues by about... They expected 124 and change. They did 127 and change. Not a big beat, but the market is loving mega cap stocks this second.

That's all. And now, another name with the reaction. Stunning. Stunning. Stunning. The names with the most influence in the market, by far, 51% of the NASDAQ 100 on the move. And we'll see what the overnight does. Next up will be Apple next week, Nvidia's in another end of May. And there's your story.

In a nutshell. And methinks brought up a bunch of things today, though underneath the surface, kids, the NASDAQ advanced decline. Was it bare market lows going into today? Not kidding. The NASDAQ advanced decline. Was it bare market lows coming into today? Up next.

More of this. That and the other thing. 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 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 stomach kick 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. Allergy season always has a way of sneaking up on you when you least expect it. One minute you're listening to your favorite podcast. You're locked in, hanging on every word when bam! A surprise bonus episode drops.

Brought to you by allergies. The itchy, watery eyes hit, non-stop sneezing kicks in and a runny nose force. you to hit pause. Suddenly everything is a trigger, the flowers, the breeze. It feels like even the trees are out to get you. Luckily, Kleenex ultrsoft tissues have you covered. They're allergist approved and silky soft to help prevent skin irritation so you can stay comfortable all season long. Don't let allergies put your life on pause, especially not when you finally got your cue

exactly where you want it. Be prepared with Kleenex Ultrasoft tissues. For whatever happens next, grab Kleenex. Add them to your cart today. This is Sarah Spain from Good Game with Sarah Spain, brought to you in part by Vital Farms. Let's talk eggs. Vital Farm's pasture-raised eggs, to be exact. My favorites, the only kind I've got in my fridge. No joke. And here's why. These aren't your average eggs. The hens live on open pastures with fresh air and sunshine all year long. They forage on local grasses and stretch their wings. They're living their best life. That care really shows in the taste. I love mine scrambled with a little butter or whipped up into a fancy frittata. And here's something most

people don't know. You could trace your eggs back to the farm they came from. Seriously, side of the carton, you'll find the farm name. Type it in at vitalfarms.com slash farm, and you'll get a 360-degree peak at the pasture. Plus, Vital Farms is a certified bee corporation, which means they're committed to improving the lives of people, animals, and the planet through food. Eggs you could feel good about. So next time you're in the store, look for the black carton in the egg aisle, and visit VitalFarms.com to learn more. Vital Farms. Good eggs. No shortcuts. We're listening to America is talking. Investors Edge.

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

Hmm. Just off the beaten path. Jerry Springer passed away. and I don't know if you know he was the mayor of Cincinnati at one time and, you know, I don't know him personally. But his shows were the lowest of the lows. You ever watch them? You want to talk about abusing people and their frailties in life? That's what is his shows.

Let him rest in peace. but I got a bunch of emails and some of them were praising them. Again, I don't know them personally. I felt this shows did nothing more than take advantage of the frailties of people. Certain people.

Certain, you know, you go watch a couple of the shows. The Mori Popovich, same crap. But you know why they have those shows? They sell! I mean, holy moly. Jerry Springers, I believe, bodyguard started an offshoot and did well.

Anyway, I'm just, you know, with this show, you know, I rip the politicians. I rip a bunch in the media. I rip my sports owners that are doing poorly, except the Knicks are doing great. They just, but overall with people, you want to just lift them up, not kick them in the great fruits. Anyway, let them rest in peace. I heard he had pancreatic cancer, and I've got to tell you, that is one hell of a sh- Oops, I almost said that word, crappy cancer.

It's like I heard one, it's like a death sentence. Hopefully one day they find something for it. And anyway, that was off the beaten path. Amazon right now, it was up at 123. It's 118 right now in the aftermarket. Still up about 7.5% on their earnings. And of course, that's going to change overnight. And of course, they'll do a press conference in,

mentioned artificial intelligence 67 times. And as I have told you, I have spent now, I'm going to say 10 hours on artificial intelligence. The one thing I haven't seen that, I heard there was a good 60 minutes on it, and I'm going to be watching that tonight. I taped it. I'm getting in front of this thing. I have not been on, I have Microsoft being on my computers, my newer laptops, and I'm going to start testing it out in the next, I have to go to New York City to see my parents this weekend for a couple of days. But in the weeks ahead, I'll keep reporting back to you. All we're hearing from people that I think they know what the hell they're talking about, gargantuan game changer.

And one of them said it's like the Internet all over again. And I don't know if that's true or not. All I know is I'm going to investigate the living heck out of it. All I know is Nvidia stock has made a move. on that. Microsoft, he mentioned it 60 times. Google mentioned it 76 times. And we're always got to be careful about that. Symbol AI was at 34 bucks. It's now 17. GFAI was 32 bucks. It's now 16. So there's going to be a bunch of these froth speculation type stuff on it. Be careful. Remember in 1999, companies were changing their name, adding dot com. Mutual funds were changing the

name from the technology fund to the internet fund. There's a lot of shenanigans going on. Be very, very careful. Every company in the world is going to start, mention artificial intelligence to goose their stocks. You do know that, right? Even if they don't have artificial intelligence, that's how it works, unfortunately, Wall Street.

Your job is to really start to gauge that and know who's full of it and who's not. And it's not easy. But that's coming, I can promise you. So Amgen, also in the aftermarket, down six bucks. I got first solar. One of the stronger solar stocks down $12. Intel, which was trying and now croaked with a bunch of semi, that's down about 3% in the aftermarket.

I really don't have anything else. Capital One's down four bucks in the aftermarket. That's of note, that's an important name. Let's see if I got anything else real quick. Gilead is down two bucks in the aftermarket. U.S. Steel. That's about flat. Snap report in the aftermarket.

Oh, crap. Close at 10.5. It's at $8.40. What a disaster. Just so you know and get an idea of me. I own Snap. I'm going to tell you exactly when. And I'm going to go to that date as I speak to give you an idea how I work.

I bought Snap in the August 21 period. I'm even going to give you the exact day. I bought it on September 24th. Actually, I'll take that back. I bought it on September 22nd. It did a beautiful gamutiful. in July and then it was completing this flat base after the gap and then it actually broke out on September 24th and I'm thinking man I got a good one it

failed September 28th I got out I think I'm gonna get don't quote me on this I think I lost 3% on it and guess what happened in the weeks ahead all the growth names top down and several weeks later on the next earnings report, the stock closed at 75 the next day opened at 61. I wouldn't have owned it before earnings if I had no cushion anyhow. But that gives you an understanding of me. And we always tell anybody that comes in and wants us to manage, you know what I ask each one of them, would you be comfortable if I bought something on Monday and sold it a Tuesday with a 1% loss?

if they can't answer that question, we turn them down. I turned down a $4 million account about five months ago. You know how tough it is for anybody to turn down a $4 million account in my business? And they were coming in. But I have to do my due diligence the other way, just like people do their due diligence of me. And I just have no tolerance for downside. And if I buy something on Monday and on Tuesday, I think something's changed. Goodbye.

Remember, you know, we're dealing with here, ladies and gentlemen, an ever-changing environment. That's what the market is. That's why I have so much respect for Warren Buffett. Because he picks out companies that he's able to figure out come heck or high water, they're going to stand the test of time. And I think there's been a rare few that he got busted on, a rare few. a rare few so much respect for that but for me tomorrow's another day that's always my thought process tomorrow's another day and I can't stick in bare markets Warren Buffett will I don't know how you do it but he does he has rode down stocks 50 60% in bare markets

but they've come back because he understands his businesses so damn well God bless that guy And there are other people out there like that. There's not many, though. He is a stud. And I've always been amazed when anybody makes fun of him. Do you know in times of bubbles, you know, the bubble-licious people would make fun of him? Ah, Buffett's not in tech. Buffett's not in this.

Buffett's not in that. You think he gives a crap? He's got his Burlington Northern. He's got his Coke from 30 years ago. I can't imagine the amount of dividends he gets on his stocks. Man, oh man. He is one cool dude. You know, there was a year I was going to bid on having lunch with him.

And it went for like three and a half million bucks. Somebody paid three and a half million bucks to have lunch with him. It's charity, so I guess you get the right off. Up next, what else is going on today? 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 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 IHeartRadio. Listen now wherever you get your podcasts. always has a way of sneaking up on you when you least expect it. One minute you're listening to your favorite podcast. You're locked in, hanging on every word when, bam, a surprise bonus episode drops, brought to you by allergies. The itchy, watery eyes hit nonstop sneezing kicks in, and a runny nose forces you to hit paws. Suddenly everything is a trigger, the flowers, the breeze, it feels like even the trees are out to get you. Luckily, Kleenex Ultrasoft tissues have be covered. They're allergist approved and silky soft to help prevent skin irritation so you can

stay comfortable all season long. Don't let allergies put your life on pause, especially not when you finally got your cue exactly where you wanted. Be prepared with Kleenex ultra soft tissues. For whatever happens next, grab Kleenex. Add them to your cart today. This is Sarah Spain from Good Game with Sarah Spain, brought you in part by Vital Farms. Let's talk eggs. Vital Farms pasture-raised eggs, to be exact. My favorites, the only kind I've got in my fridge. No joke. And here's why. These aren't your average eggs. The hens live on open pastures with fresh air and sunshine all year long. They forage on local grasses and stretch their wings. They're living their best life. That care really shows in the taste. I love mine scrambled with a little butter or whipped up into a fancy frittata. And here's

something most people don't know. You can trace your eggs back to the farm they came from. Seriously, side of the carton, you'll find the farm name. Type it in at vital farms.com. farm and you'll get a 360-degree peak at the pasture. Plus, Vital Farms is a certified B Corporation, which means they're committed to improving the lives of people, animals, and the planet through food. Eggs you could feel good about. So next time you're in the store, look for the black carton in the egg aisle and visit VitalFarms.com to learn more. Vital Farms. Good eggs. No shortcuts. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go.

Investors Edge with Gary Colpaw. And welcome once again to Investors Edge. Amazon up nine bucks in the aftermarket in the news. I just want to cover one little thing. And this is everything to do with you and your money and all that. Rules, regulations, fees, fines, mandates, taxes, executive orders, oversight. As you know, this administration is not the first. but they hate success.

Just remember, socialists and Marxists hate success. Why do you think they rip on people of wealth every day? Why do you think they say you don't pay your fair share, which is one of the biggest lies in history, that the wealthy don't pay their fair share? Any one of you can just go on the web right now and Google the words. How much do the top 1% pay? How much do the top 10% pay?

It's gargantuan. It's gargantuan. And if you live in a state like California and you're in the highest bracket, you're pretty much paying, hmm, 37, 50, you're probably around 55% somewhere in there. You know, give or take. You got local and stuff and some of these things. You got to work into the month of July to get your first dime. and they're sneaky.

So they put out another rule here and get this. Here's the rule. If you have a strong credit score, it's going to cost you more for your mortgage, going forward in fees and monthly. And we're going to lower the fees on people with the crappy credit scores. Redistributing money with another mandate.

They tried doing it with the college loans. You know that. But here's how stupid these people are, and I just said it on Fox News a few minutes ago. This is how stupid they are. Just remember, Marxists and socialists are also very stupid, on top of being corrupt. And I'll leave it at that. I almost expletive, but I promise no more expletives. I've been much better.

They think they're taking money out of the well-to-do and giving it to less well-to-do. But you know how many people that are not of wealth have good credit scores? A ton of them. You don't have to have a good credit score. You don't have to be wealthy to have a good credit score. You just got to pay your bills. So imagine you don't have the big buck. But you're paying off your credit card.

You're paying off your auto loan. You're doing the right thing. And now the government just came in and is telling you, oh, we're going to charge you more now. Oh, you want to get that house? Yeah, screw you. We're going to be charging you more. In fact, over the life of your mortgage,

we're taking 14 grand away from you more and giving it to the next person that has the not so good credit score. Stupid. Imbecilic, moronic. On top of the fact, the people with less of a credit score now have an easier ability to get mortgages, what happened in 07? And I'm not saying the same thing is going to happen, but when you incentivize people to get loans

that they may not be able to pay off, remember what they did in 07, they dropped the keys on the doorsteps. So just Marxists and Socialists are stupid. And Joe Biden is one of the biggest Marxists I have ever seen in history. marketed to you as a moderate for the last, God knows how many years. By the way, Joe Biden is on video from years ago that we shouldn't raise the debt ceiling

and we need to control spending. Just so you know. So baby moderates turn into Marxists once they get too much power. Anyway, just another rule regulation, fees, fines, mandates, taxes, oversight, kicking the groin from Washington, D.C. Oh, Gary, it's small.

Oh, but it adds up. You don't think it adds up? Go Google the word social security taxes and see where they started. About how much you had to pay in based on how much you make Social Security taxes or payroll taxes or any of those other taxes and watch how through the years they slowly.

They slowly took it higher and higher and higher and higher to the point now. They want it unlimited on the wealthy. Instead of a maximum that you have to pay in for Social Security, they want it unlimited. Even though you don't get your money. Social Security was supposed to be you put your money in, you get it out at retirement over time. Not for the wealthy. They never get it out. They'll get a proportion out, but never get most.

close. They want to make the pay-in unlimited now. You know why? Because they're Marxists, they're socialist, and their control freaks. And they hate success and they hate wealth. Why do they hate success and wealth? Because success and wealth do not need Marxists and socialists. And Marxists and socialists are Marxists just with our money in our life. They're quite the capitalist with their money in their life. You do know that, right? It's pretty simple. It's pretty simplistic rules for these people. And by the way, I'm not telling you anything. I would not look at Joe Biden and say straight to his face.

With the provisor at the beginning or the, with all due respect, sir. Who are you trying to kid? Just remember, I don't see these people as president, vice president, celebrities. I don't see any of these. They're human beings. I don't see these opinion people on TV, left the right, as anything, but just people. with opinions. They got red blood like I do.

They breathe the same air. They just have a little more influence. And my job is to critique the live in hell out of them. And when wrong, critique them a little more. When right, compliment the hell out of them. I think I've complimented Joe Biden on two things since he's been president. And that is all. Have a great evening.

Drive carefully. When you get home, do like I do. quite simple. No, really. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise. Have a great evening, everybody. Always an honor and a privilege and a pleasure that you would even listen to anything I have to say. Good night, all. Bye bye. This has been Investor's Edge with Gary Cult Bomb on Biz Talk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. 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.

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