Investor's Edge with Gary Kaltbaum - Big time week in review [01.19.2024]

Episode Date: January 19, 2024

https://garykaltbaum.com/...

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Starting point is 00:00:00 At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at CVS.com or just come by your food. store. We can't wait to meet you. Store hours vary by location. Investors 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,
Starting point is 00:00:49 your host. A thanks for being with us today. Glad you're here, ladies and gentlemen, happy that you are listening. It is Friday. It is January 19, 2024. And as I stand here, I await to see if I'm going to be able to fly out from central Florida to New York tonight as the weather is crazy. The weather is nuts. We'll see how it goes. So far, my flight's delayed a half hour, even though there's been a lot of cancellations and a lot of this, that, the other thing. Anyway, hey, I hope you're having a good day. As always, this is serious talk about you and everything that affects you, the markets.
Starting point is 00:01:29 Oh, and we'll be talking the markets. And ladies and gentlemen, we'll do one of our little lessons today on the show. Not sure it shows up too well on a radio, but I think you'll get it. And every now and then we throw a little comedy into the show, but we really haven't had comedy as of late because there were still many hostages. We just found out 30 of them were found dead. And it's, we're just going to leave it at that. Well, you know where we stand.
Starting point is 00:02:06 If you do not get this radio show in your city, we'll post it at garyk.com. We'll post it on our Twitter feed, which is now X. And of course, if you don't follow us, you really should. And you can email us, just be nice. I want to get right into the markets. We'll do whining and complaining later. So, hmm, we have to harken back. You know, they tell us, they tell us, you can't time the market.
Starting point is 00:02:41 Just think long term. They don't tell you city group is still 95% below the highs of 08. Think long term. Do I need to tell you where Peloton is and beyond meat? Those were very, very faddish. So they tell us you can't time things. how are we able to? Huh, interesting.
Starting point is 00:03:07 So we're going to harken back a little bit, and typically what we do is not exactly on the precise side, but very close to it. But I must tell you, since July, pretty much as precise as can be, as we have come on this show and actually said specifically certain things. So from July to end of October, we had just simply told you every day, 80% of the markets and downtrends, then we listed all the areas that we want you to avoid and all that crap.
Starting point is 00:03:45 And then at the end of October, a couple of days before we said, just letting you know, sentiment is about as bearish as can be. Everybody's bearish. And for good reason, there were 1,000 new yearly lows. Russell 2000 was it bare market lows? And then the day before November 1st, the trading day, we basically said, okay, maybe we're going to need some proof. November 1st, we had a confirmation day. It's basically a day, a characteristic.
Starting point is 00:04:19 We have studied these things that potentially turn markets. Now, these confirmation days, they call them follow-through days. Just because there is one does not mean you have a new bull phase. but every bull phase has started with one. So we rallied up and rallied up insanely in that interest rates crashed. Yields crashed to the downside. They crashed. And we rallied and rallied and then December 20th to the day.
Starting point is 00:04:51 We said to you, we thought we hit a spot where we think we're not going to get much upside from here. and we think there's some things topping out. And it's exactly what happened. Remember that 80% I mentioned? That 80% started coming in. With some things really breaking down, some things pulling back. And when we say pulling back,
Starting point is 00:05:14 that's not necessarily a negative. You know, up eight down four, that's okay. You're keeping your up trends. Yesterday, yesterday, we said to you, we think that woke up. up. We think it woke up. And in between all this was the artificial intelligence and the software stocks. You see, while that 80% was pulling back, breaking down, doing whatever it was doing,
Starting point is 00:05:52 and V-Vita breaks out, and we gave it to you the day before. We were talking NVIDIA for weeks leading up, but the day before, on a Friday, we said to you, a move above 506 and we're just letting you know we don't do this very often. But this is the best looking chart pattern I have seen in ages. It's six months of range bound, hit a lower 400 three times, then rallied up, and then it only pulled back to 450, then it only pulled back to 480, looked like it was going to break out the week before that the market got hit. Monday it breaks out. And we told you the longer something stays in a range, the more potential of a big move. NVIDIA was up another $23.84.84.94.
Starting point is 00:06:40 We're getting a lot of emails from people telling me they want to buy me dinner. One, two, three, four, five, six, seven, eight, nine days, 506 to five-95. That's a big move. But really, the lesson was not about NVIDIA, though we have told you. We've got to print out that chart because when we see that again, boy, oh boy. And coming in today, we had one. We had one chart that kind of sort of looked that way. We'll get into that in a little bit.
Starting point is 00:07:24 What I want to talk about is the cousin stocks. So if Nvidia breaks out arguably, it's probably the number one technology stock in the market, Bellwether. I think it's taken over for Apple right now. though Apple's rallied for a couple of days on a couple of positive comments. What do we mean by cousin stocks? Well, what does Nvidia do? Well, computer chips. For what? Well, they're really big in artificial intelligence. Huh. What other companies are involved in artificial intelligence and, well, broadcom?
Starting point is 00:08:01 Advanced micro devices. Facebook has been announcing a bunch on it. Microsoft. Adobe, which probably woke up today, Super Micro SMCI, Taiwan Semiconductor. And of course, Taiwan Semiconductor yesterday, gapped up big time as a company that the last four-quarter sales were minus 3, minus 14, minus 12, and 0, said, oh, we're headed to 25%.
Starting point is 00:08:36 and due to the fact we know Taiwan and NVIDIA are tied at the hip, guess what else? So Broadcom, guess what Broadcom does today? It breaks out. Stock was up 67 bucks, new high, an ascending base, $67, new yearly high. What else? AMD, well, we picked that one off last week. Last week, 149, it's 175. 5. Up 11.5 today. $26 bucks on 149. It's about 17%. In seven trading days, cousin stock.
Starting point is 00:09:28 Microsoft broke out at 382. Slow boat. That's in seven days, 382 to 398 and changed today. Facebook picked it off at support. About two weeks. 3.49. 383, the cousins. And that's what we always talk about, sectors. What have we been telling you? Avoid what? China. It's a country.
Starting point is 00:10:07 Gold miners. Oils. Sectors. Stocks move schools of fish. And you need to know that. So this move has been incredible. On the back of, on the best, back of a major league guidance upgrade in number by first Taiwan semiconductor.
Starting point is 00:10:36 And it's of import. It's of import. And then SMCI, what did we say to you before? If there's anything that looks like, Nvidia, it's this one. And they don't report earnings for 12 days. but they came out last night and said guidance for the quarter earnings is going to be $5.40. That's my music.
Starting point is 00:11:13 We'll continue with this up next. On this, the one-only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals.
Starting point is 00:12:02 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 complementary portfolio review. The number to call is 888-4-22-559. That's 888-4-2-2-5-5-9. That's 888-4-2-2-5-5-9. 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
Starting point is 00:12:46 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.
Starting point is 00:13:28 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. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop.
Starting point is 00:14:10 You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu. One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low, listen. So we sat there, listening. That was the first time I learned that quiet can feel full.
Starting point is 00:14:46 Hershey's. It's your happy place. 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.
Starting point is 00:15:05 It doesn't get better than this. So super micro, and it's pure artificial intelligence and all that crap, announces that instead, of earning $4.50, excuse me, $4.51, they're going to earn between $540 and $5.55 versus a $326. What is that? 70%. I'm just throwing a number. Could be 75, could be 65, could be 80. I don't have my rusty abacus out. And then they go on to say revenues that were supposed to be $2.8 billion for the quarter going to be,
Starting point is 00:15:57 3.6 to 3.65. That's 100% revenue gain from last year. So guess what? One plus one equals two. The pivot on this one was 358. It broke above it within seconds of the open. Within a couple of minutes was 380. Closed at 423 today up $112.36%. cousin stocks. And of course, software, internet, and all that other crap had moves today. New yearly high list laden with these areas. Simple as that. Yeah, simple.
Starting point is 00:16:47 Got to work at it. So just letting you know. And when you go through the new high list tonight, you'll see software, internet, chips. The Philadelphia Semiconductor Index finished it in a new high list. new all-time high today. Was it an all-time high? I got to make sure. Hold on, hold on, hold on, yep, yep, on the back of these names. And if Taiwan semi says, oh, 25% sales, well, that's the equipment makers. Lamb Research up 40 today, 5%. 22, 23 for KLA 10 Corps, about four, seven to half on a mat, about four and a half, five. And they were up UGS today. I'm a little pissed,
Starting point is 00:17:47 though. They're all reporting next week. I couldn't buy them. I would have bought the crap out of Lamb Research today. That's my favorite one. I would have bought the heck out of it. I would have probably ended up paying 805. It closed at 825. I can't buy it. They report Tuesday. I ain't getting fun of that. The one thing I don't have is Barbara Eaton as Jeannie with next week's newspaper today. She did that for Roger Healy. He went to the horse track.
Starting point is 00:18:22 He was crazy. He should have just done the stock market. Cousin stocks. And then the wake-up call from yesterday, we told you. And by the way, that yesterday's wake-up call that I said, out of nowhere, didn't come out of nowhere. We noticed at 1 o'clock yesterday when things were doing nothing. Out of nowhere, the transports just rallied up 200.
Starting point is 00:18:44 points and then we noticed that it held the all important 50 day move and average and then we went to these other areas that 80% and noticed where they were holding support and said okay this is the the drop is probably over though little more narrow than you want but guess what the market did today Dow up 395 S&P up 58 NASDAQ 255 and the NASDAQ 100 331 the hell's with that I'll tell you what the hell's with that the names I had mentioned to you And now Adobe today, which has been dead money and is AI, breaks back above the 50-day moving average. And it looks like that's going to be in play here.
Starting point is 00:19:26 That's just another one. And Apple, that held the 200-day moving average, like a trooper, gaps up yesterday on some positive comments, a little bit more today. But that's just sitting in seven months of range. And booking holdings, the old price line up 87, Macado Libre, 64. and a bunch of six, sevens, and eights and all that crap. Cousin stocks. The financials, they woke up. You know, the big banks only had minor pullbacks.
Starting point is 00:20:01 Now they're already back to the recent high. The regional banks much worse, but they held the 50-day moving average to the penny two days ago. That's how this crap works. But they tell you you can't time the market. Let me tell you why they say that, because they're a bunch of lazy adults that invest you in 150 stocks and hope and pray the market goes up. And in bare markets, they tell you, don't worry, everything's okay.
Starting point is 00:20:32 It'll come back. We've got 100 years of history. But they forget to tell you a bunch of their stocks are never coming back. And they forget to tell you, you know, in 2008 it was 56% drop. Oh, in 2000, NASDAQ dropped 80% percent. Oh, by the way, Merrill Lynch, Bear Stearns, Lehman Brothers, countrywide financial, Wachovia. We're all out of business. City Group would have gone out of business, but they were saved but still down 95%.
Starting point is 00:21:01 They don't tell you that. So we'll stick to what we do. We'll let them be lazy. We're going to work our arses off on a daily basis and find the leading stocks and the leading groups with the best earnings and revenue growth and know the reasons why. We did a deep dive today on Taiwan Semiconductor. I was up at 6 a.m. this morning. I promised myself I was going to spend 45 minutes on to see exactly what's going on. Make sure they weren't full of caca and they are not.
Starting point is 00:21:36 And the market's rewarding it. I do not own Taiwan Semiconductor, but I can promise you this. I will. Not yet. And that is your cousin stock theory, ladies and gentlemen. Now I got some emails to say, Gary. You know, 10-year yields up to 4.146. Why is the market doing this?
Starting point is 00:22:05 Yields are backed up a little bit. Huh. You know what I think. When you have a chance, I want you to go look at the 10-year yield and what it bumped up against today. The declining 50-day moving average. And you know what I think? I think the market has an inkling that next week, yields are coming back down. We'll see.
Starting point is 00:22:31 Guess what? Don't care. We're in leading stocks and leading groups and they're going Enfuego for a change. And I will tell you this. This is not normal. It is not normal what we are seeing right now some of these moves. But we deal in reality here and we'll see where it decides to take us. I was emailed today also.
Starting point is 00:22:53 Gary, you think we're in the midst of 1999, that big gigantic, climactic move at the end? I have no idea. don't care about that either. I don't predict. I interpret. Interpret. How do you pronounce that? Interpret or interpret?
Starting point is 00:23:16 I'm going to have to look that up. You know, you can go on Google and just put in a word and say pronounce, and it gives you the pronouncement. I had to do that for the new Argentine president, Malay. He's like the second coming of Ronald Reagan.
Starting point is 00:23:33 and Margaret Thatcher, and he's running Argentina. Up next, what else we got for you? We'll figure it out. I'm Gary. This is the one only investor's edge. 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.
Starting point is 00:24:05 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, I have a stomach ache every day. Or I'm constantly feeling like gassy.
Starting point is 00:24:33 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.
Starting point is 00:25:00 Listen now wherever you get your podcasts. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you. gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu.
Starting point is 00:25:35 One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I opened my mouth to say whatever a nine-year-old wants to say. And she replies with a low, listen. So we sat there, listening. That was the first time I learned that quiet can feel full. Hershey's, it's your happy place.
Starting point is 00:26:08 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 Coltbaum. highly recommended. You're going to feel better if you talk to him. And work once again to Investors Edge.
Starting point is 00:26:27 I was mentioning this guy Malay, Javier Malay. He's the new runs the joint in Argentina. He's been giving the middle finger to the Bernie Sanders types like there's no tomorrow. I think he's been listening to this radio show. He keeps talking about exactly what I've been telling you. A bunch of misfits know-it-alls that have never. run businesses are running governments and running us into the ground.
Starting point is 00:26:58 They keep killing us and we keep fighting back and making them look good. You got Joe buying out making like he's big swinging, you know what's going on, the market, like he's got anything to do with it. Yeah, sure.
Starting point is 00:27:14 We're going to run a $2 trillion dollar deficit and hand out. By the way, he handed out more money today. He handed out another few billion dollars today. to students on their student loans. And you know what I was thinking to myself, imagine if this control freak,
Starting point is 00:27:32 instead of forgiving student loans for people that legally signed loans that they're supposed to pay back, imagine if he handed that money over to a bunch of boys and girls clubs around the country that really have a return. on the investment on those bucks. But he can't do that, you know why? Because kids don't vote. Remember, this is all freaking vote buying.
Starting point is 00:28:08 Thomas Jefferson warned us about control freaks like this. And he's not the first. He's not the last. He's just setting track records. Can you tell he nauseates me? and he doubly nauseates me because at least you had the journalists all over Trump's, you know what. But the journalists, the media kiss Biden's butt. Remember they had the 10,000 lies in the Washington Post of Donald Trump?
Starting point is 00:28:47 I think there's 40,000 on Joe Biden. But there's no list. Anyway, I digress. I sent myself the article. and I actually can't find it. If I do, I will gladly let you know. I'm very good at sending these things to me, and for some reason,
Starting point is 00:29:16 but another $6 billion today. Just handpicking people. Now, I must say, this $6 billion is going to, or teachers fire me men and women, public, whatever they, officials. I'm almost okay with that. There's this thought process if you do enough time as a public service person.
Starting point is 00:29:44 I'm almost okay with that. The reason why it's an almost is because they signed loan documents. The colleges got paid. And the reason why the colleges are able to continue. to raise tuition is because they're guaranteed by the government when somebody can't pay. It's the stupidest idea I've heard in a long time from a government with stupid ideas. You sign a loan, you're supposed to pay it back. That's all.
Starting point is 00:30:30 That's the contract. And you are wee-weeing in the face of people. that didn't go to college because they're paying for this. And anybody else out there? And then there are people that are paying back their loans. What about them? Oh, they did not fit into your template? In the news.
Starting point is 00:30:58 Now, I must tell you, New York Post had this article. Has Biden bribed Mexico to control the border and help him win election? I just want to let you know the fact that it's an election year, here is the good news on the border. At the end of December, a border patrol encounter's encounters of illegal immigrants crossing each day was 12 to 14,000.
Starting point is 00:31:30 It's now a crappy number still, but it's down to 4 to 5,000. Mexico now are rounding up immigrants in their countries north and shipping them by bus and airplane to the southern cities of Mexico and then send them home. They've also emptied and bulldozed migrant camps. They're also stopping cargo trains
Starting point is 00:32:11 that have basically supersized the Biden border crisis. And it is the Biden border crisis. Why is Mexico all of a sudden doing this? It's simple. The Biden administration was down in Mexico two weeks ago, and I can bet your bottom dollar. They said, if you want Trump as president, you keep doing what you're doing. We need your help.
Starting point is 00:32:39 So right now, do us a favor, and that's what they're doing. It's an election year. That's what's going on. Good news is the outcome is good news, whichever way you want to look at it. So this president that could have been doing this for the last three years. Now, in election year knowing that his poll numbers are lower than jock itch and root canal, goes to Mexico and pleads, come on, it's 24.
Starting point is 00:33:17 And Mexico at his behest, they're doing it. He could have done it for the last three years. Instead, kids have died. Families have been broken up. Adults have died. Communities have been stretched. Cities have been stretched. Taxpayers have been taken all kinds of money out of their pockets and handed to people.
Starting point is 00:33:42 Homeless aren't getting anything. The migrants are. Imagine that. And of course, you've got a bunch of Marxists wanting them to come in and vote immediately. Vote from me. Come on. We'll show you how to do it. Yeah, right here. Sign right here. Oh, you don't have a Social Security?
Starting point is 00:34:01 No, it's okay. Anyway, that's in the news. By the way, I want to full a lot of news. I also want to mention, we said that we've been covering Sam Fran. San Fran, KPMG is leaving. See you. A ton of office space gone. Now, they're in downtown,
Starting point is 00:34:26 the fifth store in a month going buy-bye-bye. Made web exits. Aldoz 75% empty shop center's value plunging from 1.2 billion to 290 million and 8 years. Must be racism. No, it's these Marxist control freaks that somehow put criminals ahead
Starting point is 00:34:56 of citizenry that don't get it. And now there's Maine. And now there's Maine. What do we tell you about Maine the other day and what they want to take your kids away if you as a parent want to know
Starting point is 00:35:15 if your kid wants to, you know, transition. The state over the parent. Maine's legislature committee on health and human services on Wednesday spent four hours discussing a proposal to decriminalize all drugs. Yes. The bill introduced by a Democrat from Newcastle, Lydia Crafts would also increase funding for health care for addicts like that helps. Oregon in 2020 became the first state to do that. How has that worked out?
Starting point is 00:35:53 Just a question. But the experiment has been three-fold increase in ODs. So why would men follow a place that did the same thing and it ended up bad? Because you got a bunch of nut jobs in power. A bunch of nut jobs in power. Just like we talked about John Hopkins, a woman came out and said, all these races are privileged. We'll give you the outcome.
Starting point is 00:36:37 Up next. This, that, and the other thing, whatever else. This is the one on the investor's edge. 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
Starting point is 00:37:25 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, I have a stomach ache every day.
Starting point is 00:37:47 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.
Starting point is 00:38:08 Flaxenance 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. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, Our programs are designed for people who never stop.
Starting point is 00:38:43 You bring the fire, APU will fuel the journey. Learn more at APU. APU.org. One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low...
Starting point is 00:39:11 Listen. So we sat there. Listening. That was the first time I learned that quiet can feel full. Hershey's. It's your happy place. You're listening to. What are we waiting for?
Starting point is 00:39:26 Well, what are you waiting for? One, two, ready, go. Action! In the Gester's Edge. With Gary Kulp. So Gary, da-da-da-da. By the way,
Starting point is 00:39:52 I'm not so sure Russia's touring anymore. Alex Lifeson came out and basically said he doesn't think so, so I'm kind of depressed. Darn it. Why are we talking about these cities? Because some of these people may be president one day. So they got this chief diversity officer at John Hopkins. John Hopkins. University. Let me read a memo she put out. Privilege is a set of unearned benefits. given to people who are in a specific social group. Privilege operates on personal, interpersonal, cultural, institutional levels, and it provides advantages and favors to members of dominant groups at the expense of members of other groups.
Starting point is 00:40:42 In the United States, privileges granted to people who have membership in one or more of these social identity groups. White people, able-bodied people, heterosexual, cisgender people, males Christians, middle-or-owning class people, middle-aged people, English-speaking people. privileges characteristically invisible to people who have it. People in dominant groups often believe they have earned the privileges they enjoy or that everyone could have access to these privileges, if only they work to earn them. In fact, privileges are unearned
Starting point is 00:41:11 and are granted to people in the dominant groups whether they want those privileges are not, regardless of their state intent. This woman's a yachts. Imagine you're sitting in your bed and you think it to yourself, what can I dream of today? And let's put out a memo to all of our employees that if you're white, you are privileged, and go get in your corner.
Starting point is 00:41:37 What the hell is going on here? And do you think she was fired? No. I'm sorry. I made a mistake. Do you know how much of this is going on right now? A ton. Oh, and the apology.
Starting point is 00:42:07 The newsletter included definition of the word privilege which upon a reflection I deeply regret. The intent of the newsletter is informed and support an inclusive community at Hopkins, but the language of the definition clearly did not meet that goal. You're an idiot. In fact, because it was overly simplistic, no, you're overly simplistic. You're a doofus. And poorly worded it had the opposite effect of being exclusionary and hurtful members are community. This is a moron.
Starting point is 00:42:35 and she runs the joint. I retract and disavow the definition I shared and I am sorry. I will work to ensure that future messages better reflect our organizational values. Holy crap. The utter hypocrisy. I was seeing John Kerry yesterday all pissed off because somebody asked him about all his private jet flying. Oh, I'm doing it for the people. It's amazing to watch.
Starting point is 00:43:06 and there's just so much of it. My favorite one is the carbon credits. Yeah, I can do the private jets because I buy carbon credits. You're still polluting. This is what we're dealing with. This is how you get Donald Trump. This is how you get Donald Trump. If you think about it, just think about the person, Donald Trump.
Starting point is 00:43:37 You wouldn't want him selling your Girl Scout cookies. He's going to be the next president. Probably because of the other side just hands them all the weaponry. Unbelievable. You know what's made this country great? Hard work, earned, meritocracy. Do you know why the Marxist Party is losing blacks and Hispanics now? Hispanics left under Trump?
Starting point is 00:44:13 because they just want to work hard, do better for themselves and family. Greatness doesn't have any gender, religion, bias. Everybody wants to be great at something. Everyone wants to grow into something. Be a leader. Be wealthy. Be philanthropic. Be a mentor.
Starting point is 00:44:41 Race, creed, or color. Who cares? Yet, this march. The Marxist Party, led by Joseph Biden, keeps telling them, oh, you need us. They don't need them. And they're realizing it. They've been sold a bill of crap forever. It's how you get Donald Trump.
Starting point is 00:45:04 Sing it in real time. We teach the kids at the boys and girls clubs. Hey, put your head down. Work hard. Get a mentor. Study leadership skills. learn how to speak in front of an audience, know how to handle a computer, stay off drugs, it's not cool, alcohol is not cool, ask questions if you don't know. Find something you're good at or great at or find something you love and go towards it and earn it.
Starting point is 00:45:41 Nope Joe Biden Them We'll give it to you Just vote for us And that's what's going on This whole diversity What
Starting point is 00:45:52 What? I rest my case Heading into the weekend Dudes The AI Tech Software Semiconductor area Is Enfuego They are stretched
Starting point is 00:46:15 Extended and overbought And that didn't stop them today. We've parked our carcass right neck deep into these areas and we're even surprised by the moves. And let's just hope they continue. Earnings in droves start. Well, they started this week, but next week, a lot more and a lot more after. I can give you a list, but it really doesn't matter. It's just a ton of names. And some of them, as I stated earlier, man, I would have loved to buy today, but I am not buying a stock that's reporting earnings on Tuesday. No thank you very much. Again, I don't have
Starting point is 00:47:02 I dream a genie. So I hope you've been listening. We're going to keep working hard at this. hopefully earn the fruits of our labor. We'll see you Monday. 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.
Starting point is 00:47:23 They will feel better. You will feel better. I promise. Thanks for joining again. Really. Peace out all. Bye, bye. This has been Investor's Edge with Gary Cult Bomb on BizTalk.
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