Investor's Edge with Gary Kaltbaum - Biggies Trouble

Episode Date: June 26, 2023

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

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Investor's Edge with Gary Kaltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Kaltbaum. And welcome once again to Investors Edge. I'm Gary Kaltbaum, your host day. Thanks for being with us today. Glad you're here, ladies and gentlemen, happy that you are listening. It is June 26, 2003, heading into the end of the quarter.

Hope you had a good weekend. rested, I relaxed, I took it easy, feeling better. Wouldn't wish it on my worst enemy. Backs much better. As I told you, they ruled out disc, they ruled out nerve, they say it spasms from whatever. I'm doing physical therapy. I'm stretching like a madman. I'm going to try and be Gumby.

As I told you, when I used to play college in high school tennis, and I played a little bit on the circuit, went 0 and 8 and then quit. I used to have to stretch an hour before and an hour and after, and I think that's what did it. But I'm just being very careful. And we're over a thousand emails from all of you on your back problems. Little did we know how many back problems there are. I think I should get into the business. By the way, I'm about to do this. So I found on my Instagram, just so you know, I don't post any.

on Instagram, but I follow certain people. And it just so happens that it turns out that somebody who was on my North Miami Beach senior high school tennis team has 1.2 million followers. He's a big time doctor, Kyra, whatever, just go check it out. Motivational Doc. That's his handle at Instagram, and he puts out all these stretches and all kinds of things for nutrition and posture and pain and all that crap. Little did I know, because I was looking for it, and all of a sudden I found him. His name's Alan Mandel. And man, he knows his stuff.

That's all I can tell you. Go check that out. Let me give it again. Motivational doc, DOC. That's his handle at Instagram. He's got 1.2 million followers. I got like eight followers. Anyway, no, this show is not going to turn into, hey, the back pain show.

Though, as I told you, my good friend from college bovie, everybody has a handle here. He used to have a magazine called The Backpane magazine. This is a long time ago. Anyway, newfound respect for anybody with back pain. but I'm working on it. And by the way, my hamstrings, think of a two by four. That's my hamstrings. They're like two by fours.

You stretch them. They're like rocks. I'm doing everything. I got one of those guns. You know, the things, what do they call those things? I don't even know. You know, whatever. All right.

Hope you had a good weekend. You know, we always say these words to everybody. who hangs with us, follows us, listens to us. We want to ride the trends. We want to ride trends. And let's assume we know what a trend looks like. And it's still not easy. And I can tell you in this latest move higher over the last three months,

we sold two stocks that never broke trend, and both of them carried higher because of the NVIDIA news that came out on AI. But when trends break, that's another story. That's another story. Ride trends. And all that simply means, we're talking markets here, we segwayed, you can draw lines diagonally above them and below them. That's what we mean. Or they trend up and then sit for a while, and you draw a line underneath. That's the support level. Ride the trends. That's all we want to do. On top of that, we want to do it without any bias. What do we mean by that? Well, there are certain stocks that are very popular, certain stocks that we're told, nothing could ever go wrong. There's certain stocks,

they tell us, hold them forever. And we know that's a bunch of bull crap. You can't hold anything forever because forever is a long time. And I can tell you, I can sit here for hours and go through the most popular stocks of the late 90s, and mucho many are still below where they were 25 years later, and they were as popular as popular can be back then, but we ride the trends. Just letting you know, and I want to be careful with my words, today was not a good day for what we kind of warned you about.

What have we done over the last month on this show? Just by happenstance, because we basically report to you what we see and based on history. What do we report to you? Well, the week of June 2nd, just two days before, we reported to you how so many were reporting how narrow the market's been, how only a few stocks had lifting up the market, how so many areas of the market that we've been highlighting for months already

were in bad shape. Avoids, we call them. And then we said to you two days before June 2nd, hey, we're just letting you know very often when the masses start reporting what's already happened over the past few months. It's usually late in that game.

And guess what happened? June 2nd, the broad market woke up. Rough week last week. Better day today. But the broad market woke up. What did we tell you in the last week? Oh, the Daily Mail. I get it online.

from the United Kingdom. Great. I love reading it. Love doing it. But when I go to it, just so you have an idea, here are the headlines for the Daily Mail today. They talk about Megan Markle and how a Hollywood talent agency said she had no talent.

Or a brilliant cardiothoracic surgeon dies two weeks after they were knocked toward the ground in a Brooklyn Road rage brawl. And then it goes to the celebrity part and they go through celebrity this and of course a hundred times the Kardashians. They never talk stocks. And what did they do just recently? Whoa.

The Daily Mail. The Daily Mail, they do an article. An article. The Daily Mail on June 16th. Meet the Magnificent Seven. Experts claim these high-flying tech stocks are the ones to watch in 2023. And they're almost all betting on the rise of AI. And what have we said to you about these?

They've been going up for months. So the Daily Mail reports it. What else do I get sent to me? Fidelity, great company. Fantastic company. Wonderful company. They sent out these viewpoints. You know what they sent out in the last couple of weeks?

Big tech reclaims dominance. Where were they a few months ago? And then, and we're not telling you this to indict anybody. We make fun of nobody. We use what we see. How about this one? From a certain someone who's considered the most famous financial guy on TV, his magnificent seven stocks, June 1st.

Now the magnificent. seven. So all of a sudden, the things we've been talking about here for months are now being reported. Guess what they're coming after? And viciously today, most of the big seven and a couple others. So in a minute, we'll do the market wrap and the news of the day and stuff today, and we're going to talk about these mega cap texts that have had their way because have we told you, we have told you we want to ride the trend for as long as the trend goes. That's the goal. We told you the last long, real long we had before COVID. Just remember after COVID, we've been back and forth. We had the COVID crash. We had the COVID rally off of printing

$9 trillion, then a brutal bear market, especially for growth stocks and a bunch of other things. And now we rallied up. But before 19, last thing we had was Visa, three years, two and a half years. Maybe three. Up next, we'll explain more. And the news, 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, 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 complementary portfolio review. The number to call is 888-4-22-559. That's 8-8-5-59. That's 888422-5-5-9. Investment Advisory Services offered through call-bomb capital management. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM.

I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes.

Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building, hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? My cell phone is a mature technology at this point.

How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter.

In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating. chronic stomach aches. Like, I get a 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.

And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation plus some fascinating. facts about how gut health affects so much more than just your stomach on Beyond the script,

a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. 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 what once again to Investors Edge. You know, we've gotten emails about how can you tell they're reporting it after the fact? You'll just have to trust us when we say to you, we just watch things. We have our Twitter feed set up that things get pushed to us from certain people.

And then there's the market. And we have certain entities that get us things push. to us at all times and one of those things is the masses and the reporting of things and then it's a matter of and it's not that easy it's a matter of feel what I mean by feel well as we just said to you the Daily Mail they never talk about stocks and all of a sudden I'm rummaging through and boom, the Magnificent Seven. And I gather they got that from

the person I just mentioned on financial TV. But they never report that. Fidelity sends out. Basically what they have is somebody reporting what's already gone on. So that's a feel. But when it happens and continues to happen and continues to happen, you just have an understanding that maybe just maybe you can be close to a change of complexion.

And due to the fact, those seven of the NASDAQ 100, I believe is 50 some odd percent of the NASDAQ 100. I believe that 20-something percent, as I do the show, I am going to sit here because I'm ambidextrous. I'm going to go and just Google S&P 500 makeup. I know that makes noise in the background. And just so you know, Apple and Microsoft, get this. Apple and Microsoft, two names, makeup. 14.47 of the S&P 500. Wow.

The top seven of the S&P 500 make up, let's see, 14-4, 17-5, 25, 22, 5, 24-5, 24-5, 26, about 27.8%. You think they matter? they make up 27.8% of the S&P 500, seven names. That means the other 493 make up 72%. And that leads me to the other part. You know what I saw?

Reported? The three-month performance spread between the S&P 500 and the S&P 500 equal weight is the widest it has been since 99. Do you know what that means? They're reporting to you now how wide the spread is between the few and the broad. Another reporting of the news after it already happened.

Google down 4%. Facebook down 4%. Nvidia down almost 4%. Microsoft down 2%. Catch my dream. But Gary, what about longer term? Do you know what's going on longer term? Do you?

I don't. We can have an idea. We know what we're being told. But remember what we tell you about markets. They're forward-looking. Remember what we tell you about markets. Valuations matter. I'm still amazed.

I'm still amazed that Apple is trying to, trading it 30 times earnings with no growth. In fact, sales down the last two quarters year over year. But it's Apple, dependable. I'm amazed that Apple for like a couple of decades, average price earnings multiple for a decade was like 15. It's now double that. Could the stock get cut in half?

We're not saying that, by the way. But just remember, the market considers all kinds of factors. So we're just letting you know, broad market better. And now they're coming after the big guys. To what extent we don't know. But Gary, how can they do that? They can't come after it's artificial intelligence. Oh, they can't?

Really? Without mentioning a name, do you know one of the names that are involved with artificial intelligence has gone from 120 hit a higher at 270 with earnings up for. 5% revenues down 5%. By the way, it's back to 216 now from 270. So I don't want to mention the name because I don't want to, you get my point. So just letting you know they came after the biggies today. And they were kind of relentless.

They had one little bit of the day where it was kind of acting better. And what do we tell you about the close of the day? It's the close that counts. Why? The big institutions, they do their bidding at the close. And just letting you know the NASDAQ today, right at the close, the last 45 minutes went down about 80 points. And they were hitting it good into the close. We'll see what tomorrow brings. We're just letting you know.

And what else do we want to mention about these seven? And there's a little more than seven. There's really like nine or ten. They're very over-owned. That's how you get a stock going higher. They're very over-loved. Everybody's talking about them. People that never talked about them on TV have been talking about them.

People that never reported about them are reported about them. They're very over-leveraged. What does that mean? people borrow money to buy them. So just a little warning shot. They've had a good move. They've had a good move. By the way, that will include Tesla,

and I know what you were hearing. It's up 13 days in a row. What did we tell you on this show? I think we told you this on Friday or Thursday. It wasn't Thursday. Adam did the show. I think it was Friday. We told you that their retail numbers have not been great.

and they've been still lowering prices. That's not good news. The last move had a lot to do with batteries. Well, guess what? It's gone from 277 to 241 in three days. Up next, full market wrap, news of the day. Russia. I'm Gary.

This is the one only investors edge. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Gambata. We discussed his vision for the future of course. quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question

of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature, right? My cell phone is a mature technology at this point. How far are we from that point with Kondo? By 2029, we'll build the first fault-tolerant-computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Hi, I'm Dr. 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. except as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach ache every day.

Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify. something that we can change.

Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. 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. 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 service. 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 Vital Farms.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 Colbubon. Welcome highly recommended. You're going to feel better if you talk to him. Welcome once again to Investors Edge. Let's do a little news. News of the day. Did you see what's happened in Russia?

All I'm thinking to myself, in case you don't know, did you not know? They have this splinter group of military men that were on Putin's side, led by some dude. and they just decided we're taken over. And the thought process, we're going to have civil war in nuclear Russia. Holy crap. Uncertainty. What's going to happen? Oh, my goodness, gracious.

Holy smokes. And then out of nowhere over the weekend, they cut a deal. Whatever. They back away. They give all, it was like 25,000 of these soldiers immunity. They send the guy, the dude that was running the show, to Belarus. Turns out the Belarus, what is he, the president or whatever his title is,

cut the deal. And all I'm thinking to myself, that dude, you know, Russia's famous for poisoning, had better not eat any food, that he better not have his face out of a window. it's really an unbelievable story. And it's not too biggie here because it's over there. But wow. Wow. Anyway, the beat goes on.

They're still in the Ukraine. You know, we really haven't covered too much. You know, we talk debt and deficits. We haven't really talked too much about how much we are sending to Ukraine. Our tax dollars, remember, we. give our leaders, I use that term very lightly, the responsibility of spending our tax dollars, which includes debt, they've given a lot of money to Ukraine. And there's a lot of people out there that are saying, we're nuts.

We shouldn't be given this much. They're saying that Zelensky is head of Ukraine is crooked and who knows where the money's going. That's a tough call, ma'am. Here's what I have to say. Let's account for the dimes. That's what I'd like to see. Where is the money going? You know our own Pentagon?

They did an audit and they can't come up with like a bazillion dollars of artillery and they're just missing things. So if it's happening in the Pentagon, what do you think's happening over there? Anyway, I thought I'd bring that up. Quite the interesting. Putin's still in power. The talk of him dying of cancer looks like whoever said that is an idiot. And unfortunately, the beat goes on. That was in the news.

How about that for some news? Amazing. Amazing what's going on in this world. We'll leave everything else alone at this juncture. Today's, well, the Mets. I'm so depressed. The market wrap is brought to by Investment-Dashmodels.com. That's Jim Rohrbach, one of the great market timers.

No great areas of the man. You're either in or out of the market with his proprietary indicators. Go check it out. Investment-mottles.com. This is exactly what we mean by change of complexion, exactly what we mean by the chair is moving, The Dow is only down 12. The NASDAQ down a whopping 156 and the NASDAQ 100 down a whopping 202.

And you may say, wait a minute, it's only 1% change. Okay, I give you that. It's still a big, big divergence the other way. And as I mentioned to you, Tesla 15, Nvidia 15, Facebook 10, Microsoft 6, Google 4, Netflix, eight. These are the things that have been reported as the Big Seven or the Big Eight or the Big Ten. So definitely, definitely something's amiss here. And due to the fact that I want you to listen carefully, those names are about as over-owned, over-loved, and over-leveraged as I can be. forget if there's a reason or not a reason.

What we do here is we absolutely positively follow the bouncing ball. Try to head to where the puck is headed. Ride the trends until they stop trending, knowing that always eventually that occurs. If we can catch things that last, just a year, that means we're making some good coin. Because as you know, we do not tolerate the opposite. We don't fool with the opposite. It keeps us out of big, big trouble.

The opposite. So just letting you know, just letting you know today was icky. tomorrow's another day. And also letting you know, this is end of quarter window dressing, which is illegal so it does not happen. Wink, wink, wink. End of quarter window dressing usually means they position themselves to look as better as possible, but sometimes the window dressing goes the other way,

meaning what do we have too much of? And, uh-oh, it's starting to go down and then it starts feeding on itself. you may be seeing that now again not a hundred percent you may be seeing that now can one day mean a lot sure money flows you ready to get excited construction industrials industrials machinery transports energy that's where money flowed today and I keep thinking to myself that is on the government and the gargantuan increase in spending that they just signed off on. I really do believe. Oh, and cement. That's where money's flowing. It's been going on now for a couple of weeks, June 2nd, so I guess three weeks. And again,

we'll see if they can last. Names like, by the way, way we're not telling you to buy sell shorter cover martin marietta materials we don't own any w w granger we don't own any eaten we don't own any parker hanifin we don't own any that's where the money's flowing and it's coming out of somewhere and we just mentioned it to you and now we have to see if support levels are taken out and trends are broken We'll be on it. We'll let you know. With no agenda, no bias, no ulterior motive. We are price conscious, first and foremost. We don't care what is doing the bidding. We want to ride uptrends. We want to be out of downtrends. We want to be out of downtrends. We want to be able to see the changes in the complexion of the market. And that's why we work so darn hard at this.

And it ain't easy. All the noise, all the interference. One last thing, note, you know what the most emails we got this weekend? Bitcoin. Do you know why? Because Bitcoin had a good three or four days off the back that BlackRock may have an ETF. What's my answer to that? Speak careful.

Ask yourself appropriate questions. Know that they try to come out with 23,000 of these coins, and most of them are zero. Yes, but Kathy Woodgary says it's going to a million. Okay, fine. Up next, this, that, and the other thing. And whatever else. This is the one only investors edge. Hello, hello, I'm Malcolm Gladwell, host.

to the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna, and I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side. For example. If anybody has more than 10% of what they had for customer service, 10 years ago, they're already five years behind.

If anybody is not using AI to make their developers who write software 30% more productive today, with the goal of being 70% more productive, so we are not asking our clients to be the first experiment on it. We say, you can leverage what we did. We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology. is getting people to accept that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks. Hi, I'm Dr. Jake Goodman, host of Beyond the Script,

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

ache 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 prove.

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. 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.

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.

Action! In the Gester's Edge. with Gary Culper. This Friday, as you know, I was headed to London for my annual Wimbledon trip. I had such a great week planned. Get into London Saturday morning. Go to the WWE Money in the Bank pay-per-view, whatever they call it now. It's in London at the O2 Arena on Saturday.

Saturday night. I was staying at the intercontent. continental right next to the arena. Sunday it's going to do the borough market, hide park, relax, take it easy. Monday, the market's closed at one. It's going to be at Wimbledon. Tuesday, July 4th, Wimbledon. Wednesday and Thursday. By the way, I work there also. The market opens, I guess, 2.30 or 3.30. I was going to visit some friends, mosey around, maybe take a trip outside. Friday and Saturday night. Hyde Park, they have these concerts every year. Billy Joel, Bruce Springsteen, night after night. Now, of course, I just saw Billy Joel and Bruce Springsteen this year.

I've seen Billy Joel, I think, 18 times. That was my week. Oh, and that Saturday I would have gone to Wimbledon first, then ended up at Hyde Park. I had to cancel the whole thing because of the back. How's that for depression? So what I am doing is I really don't want to get on an airplane, but I'm going to. And I'm going to New York on Friday, because I think I can.

And I'm going to sit in the back so I can sit up and if I, so I can stand up and not bother anybody. And hopefully it works out. Because my biggest problem, I can stand, no problem. I can lay down, no problem. I can sit no prom. But if I sit too far down, getting up. Oh, forget about it. Anyway, I traded in that week.

I'm heading to New York. And I'm going to go see my parents. Almost 92 and 90. Amazing. I hope I got that in me. My father's going to be 92 in October. My mom is going to be 90 tomorrow. Yep, 90 tomorrow.

90 tomorrow. Anyway, they had me when I was 60. I'm going to go and come back on July 4th and then watch the Disney fireworks. That's what we usually do. If we can, of course. Got to have the back hold up. All right. Back on point and back on the market.

We want you to remember the number one rule of the market. number one, the number two rule of the market, the number three rule of the market, the number four rule of the market, and the number five rule of the market. It doesn't care about you, it doesn't care about me. The best stuff can turn into the worst stuff. The worst stuff can turn into the best stuff. if you don't know great rules, one of the greatest rules we told you in advance to the bear market that I didn't come up with. O'Neill did after studying it, Bill O'Neill, the late Bill O'Neill, the icon.

In bare markets, the previous leaders on average will drop 70% and when we used to tell you that nobody believed us. And yet, a ton of stuff dropped 70% or more in the bare market. We want you to remember that. The most popular names, the most talked about names, the ones they tell you have to own forever, you'd better stay on top of everything. Because over-owned, over-loved, and over-leveraged, when things go awry, there's only one thing being done after that. and that's sales. Just want you to understand how markets work. We are not making a commentary here on what happens.

It is just a heads up just in case. Because I repeat, the markets just don't care about us. And the best stuff can become the worst stuff. And that is why we watch like a hawk. That is why we always err on the side of protection of capital, because there's always another day if you keep your capital. And we never, ever take big drawnouts. These are the rules that have been taught to us, tested on, and nothing's ever 100%. We just told you early in the show.

We sold two names a little too early. we broke a rule. They didn't break trends. There's a psychology of this business. But just in case, we'll keep in touch on them. But very rough day for the glamour, the popular, the ones nothing can go wrong, tomorrow be another day.

A TV tomorrow? Not sure. Maybe at noon, Fox business. Watch it anyhow. That's Cavuto, the best in the business. You have a great evening drive carefully. I'm headed to physical therapy. When you get home, do like we do. It's quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise. Stay well, everybody. Same time tomorrow.

Have a great evening. Good night. Bye-bye. This has been Investor's Edge with Gary Coltbaum on BizTalk. listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryKK.com. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John

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