Investor's Edge with Gary Kaltbaum - Bitcoin bye bye for now! [02.26.2025]

Episode Date: February 26, 2025

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Starting point is 00:00:26 That's Tommyjohn.com, Code Comfort. Tommy John. Comfort perfected. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. A thanks for being with us today.
Starting point is 00:00:47 Glad you here, ladies and gentlemen, happy that you are listening. It is, what the heck day is it? I wish I even know. It's February 26th. How's that? Hope you're having a good day. have a lot to cover. In case you don't know, it just turned 4 o'clock. Oh, by the way, it is Wednesday. You know how I know that? Because yesterday was Tuesday and tomorrow's Thursday,
Starting point is 00:01:12 and I'm flying up to New York tomorrow night. We're waiting for the Nvidia earnings. I'll just say that. But I have to tell you, also after the close is Salesforce.com, which is also in the Dow, and often mentioned snowflake and eBay after the close. So I think we'll have that before we get off the air. But ladies and gentlemen, this is serious talk on everything that affects you. We do the markets, the economy, your job, your industry, the Morlocks and D.C., Doge, debt deficits, corruption. And by the way, there is now an investigation on Stacey Abrams and all that bull crap. And of course, we do the Doge moment now every minute where we tell you what they are doing.
Starting point is 00:02:00 And just so you know, when you hear those, and I hate using the words the other side, but they really are the other side. They are arguing against you, the taxpayer, in one side trying to save you a crap load of money, get off of the massive debt and deficits, and the other side saying, oh, they're going to get rid of your Medicare, Medicaid, and Social Security, which is just a bald face lie. We know that. You know that, right? Right? You do know that, right? You know, they've been telling you for ages that they were going to get rid of your Medicare, Medicaid, and Social Security, and has that ever happened? Right?
Starting point is 00:02:43 You know, they told us that Florida would be covered by water by now. You know, they told us that. Just making sure. And if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it at our Twitter feed, which is now X. You know, don't follow us on X. You should. And if you'd like to email us, just be nice.
Starting point is 00:03:07 So we're going to start right out of the box. We're going to do the Doge moment. That would be number one. And number two, the most asked question of the last, I'd say about the last week. And I wonder why the most asked question. And as I do that, the hint is, I'm putting up Bitcoin price, which closed at 84,217 down 4,516 today. But first, it's time for the Doge moment.
Starting point is 00:03:45 And this is what I love about what they are doing. You ready? So you know, there's something called the Department of Veteran Affairs. What it is supposed to do is take care of veterans. I believe health care and benefits. My father is a veteran. and he gets veterans benefits. He also gets veterans' health care when need be.
Starting point is 00:04:14 They, the VA secretary, Doug Collins, who I think used to be, I don't know if he was a center, maybe he was a congressman, whatever he was. He's now the VA secretary. They found $2 billion in contracts that they can easily cancel. And they are redirecting those funds to just plain old, health care and benefits. Let me tell you what they're finding. I'm going to use my word bazillion.
Starting point is 00:04:46 They are finding bazillions of dollars going to consultants. They're finding bazillions of dollars going towards consultants for PowerPoint slides and meeting minutes. By the way, we're not making this up. they're finding bazillions of dollars on coaching and training and billions of dollars on executive support. So what they are doing is say, screw this, we have to take care of the veterans. We're going to direct these funds directly to their benefits and their health care. Yay, that's what I love about Doge, not necessarily having to save money, get rid of waste, which is great.
Starting point is 00:05:34 but directing money to where it needs to go, and at better use. That's for starters. The federal government is now going to have annual rent savings through cancellations of 250 plus. Get this. vacant or underutilized leases that they are paying on totaling 3 million square feet. They already have 7,250 current leases. They think this is going to save 100 million of our tax dollars. Yay!
Starting point is 00:06:25 Think about that. 3 million square feet not being used or underutilized. You know why this happens? because they don't give a crap. It's not their money. They're not accountable to a balance sheet. They just run up more debt and more debt and more debt and more debt. We're also finding out licenses.
Starting point is 00:06:51 380 Microsoft 365 licenses with zero users. 128 Microsoft Teams Conference Roos licenses only installed in 30 rooms. 250 VS code licenses only using 33. 129 Photoshop licenses only using 22. That's just little stuff. But the little stuff counts. Just remember what we have told you about these people. They have created a situation where they have marketed to you.
Starting point is 00:07:21 Oh, it's only a million. What did I tell you about the woman of USAID? Samantha Power goes on CNN and says, we're not even 1% of the budget. It was $50 billion. The nerve of her, $50 billion, but don't worry, this is what we're talking about. So that is a little bit, ladies and gentlemen, of today's Doge moment, they are at work, working for you the taxpayer, while the other side is out there in a microphone saying, oh, they're going to get rid of your Social Security.
Starting point is 00:08:03 They're not. There's your Doge moment today. Okay, Bitcoin. It is the most asked about email I have been getting. Gary, what's going on with Bitcoin? So I guess that kind of tells me that a lot of people have Bitcoin, which should worry the president in that if a lot of people, a lot of people bought Bitcoin because of the president and they lose their you know what's,
Starting point is 00:08:37 will that affect midterm election? Just remember, people do vote with their wallets. Well, I can tell you, Bitcoin finished down 5% today to 842. But what was the higher? $107,000. So it is what considered a bare market. And what I do is I look at the I BIT and the GBT. These basically are charts of it.
Starting point is 00:09:03 And as I look at the IBIT, here is what's happened. it is broken November, December, January and February's low. It traded at a low, went to a high, traded a low, went to high, broke the low.
Starting point is 00:09:19 You are now heading towards, don't know if you get there, the move on election day, which was November 6th, the I-B-I-T closed the day before, at 39-51, closed the next day, at 434. You're closed at 4790 today. The GBTC closed the election day at 6060. It's now 6669.
Starting point is 00:09:50 And below that low of the last few months. What's happening? I don't know. I don't know when it goes up. I don't know when it goes down. We've just handled it on a technical basis. What you do have to record. is the one thing that we told you that stands out for us, that it seems to really mimic the NASDAQ, NASDAQ 100 to a certain extent. Remember, the last NASDAQ bare market, Bitcoin drops 75%. And we are not saying the same thing's going to happen. We're just saying you have to understand, regardless of who's saying what, who's touting what, this, that and the other thing, and microstrattian, this guy's saying it's going to a million. This guy's saying it's going to $13 million. There was a The lady on TV said $49 million. It's going to go where it wants to go based on fear and greed.
Starting point is 00:10:40 And right now, the fear has picked up. And we know that because of the emails I'm getting. But it's not just Bitcoin. What you need to know is Ethereum. I'm going to use the symbol E-T-H-E. Since December has gone from 34.53 to 19.49. Boom. Problematic.
Starting point is 00:11:04 Up next. What else do we want to complain about with the coins? That's up next. I'm 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. Understanding not all individuals have the same needs, we'll carefully evaluate your
Starting point is 00:12:04 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 888-4-2-2-5-9. That's 888422-5-5-9. Investment Advisory Services offered through Colbomb Capital Management. Guys, it's no use putting it off.
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Starting point is 00:13:36 This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, Sorry, I can't talk right now. I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple.
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Starting point is 00:14:36 Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. So, you got the Ethereum being crushed. That's another coin. And then, and this is not. a political statement.
Starting point is 00:15:00 These are just facts. Well, there's something called a doge coin. It's now down 60% from December. And then it's something I really didn't follow, but the president and his wife came out with what they call a meme
Starting point is 00:15:16 coin. And if I was in the ear, you know what I'd be saying to them. Don't do that. Don't do that. The first First Lady's meme coin is down 90% from when it came out all hot. The president's meme coin is way, way down.
Starting point is 00:15:50 The DJT stock has gone from 54 right near the election to 24. And it all goes back, and again, this is not political, to basics. either you have meat or you don't. Either you have a business or you don't. Either you have earnings and sales or you don't. Either you have product and services or you don't. And these memes and these coins, we have told you can go to these websites. I have this one website that has 32,000 coins were brought out through the years
Starting point is 00:16:31 trying to make riches for themselves, these little pipsqueak people, and most of them are at zero. And if they're not at zero, they're all way down and nobody gives a crap about them anymore. And what it did, it left Bitcoin, Ethereum,
Starting point is 00:16:49 and a few others that I hear about every now and then. But without a doubt, the one talked about most is Bitcoin. But I just want to repeat, and we're not telling you what to do. We're not telling you to buy, sell, short, or cover. Just remember, it's just something that is based on buyers and sellers, traders and investors, at a certain time, at a certain price, at a certain size.
Starting point is 00:17:21 And the words fear and greed are emotions that are involved in everything, in everything we do. You know, yesterday, I'm driving on I-4, and I'm a cautious driver, and there's two guys flying past me probably 120 miles an hour. They didn't get into an accident, but about five miles down the road, oh, they were stopped by the cops, and it looked like one was getting arrested. They didn't have risk controls. I went to the airport about a month ago. This is a little morbid. And I was stuck in traffic for about 90 minutes because I passed a car and another car that had blown up. And the next day, the story was both were going.
Starting point is 00:18:12 They were like drag racing and they were dead. Risk management. You do that in your cars. Right? So just letting you know with Bitcoin, technically it is now under pressure. It has broken some near-term support. As always, I have no idea what happens tomorrow.
Starting point is 00:18:35 Just remember, we're dealing with this inanimate object that trades overnight. I will tell you, in order to at least have a bit of what the IBIT needs to get back above $52. It's close 4796. Before I can even think about it. about okay better and if it starts heading towards the 40 and if it breaks 40 that's real troublesome and that may be trouble for the NASDAQ also so just let you know we're not telling you what to do we're not trying to be boo birds we're giving you facts of what they are doing that's all we are doing we are doing we are predicting nothing we are telling you the technical condition which we've been
Starting point is 00:19:23 pretty good at on them. With Ethereum beats the hell on me, I still remember like a year ago, somebody put out an article that has said, Ethereum's going to be the main this and main that because it's going to be this and blockchain that and this that and the other thing. And frankly, I don't think Einstein could understand what was in that article. All I can tell you again, E-T-H-33 down to 1949 since Medea. December. And I got Newsfea. That ain't no hill for a climber. And now that we pissed you off, hopefully we didn't actually. We're just in recognition of reality here. And while all heck breaks
Starting point is 00:20:14 loose and there's been a lot of froth lately, we just want you to recognize how not to lose money. That's all. How not to lose money. On the day, it was one. of those wicked days. I can tell you, well, frankly, you had a nice little bump in the NASDAQ at the end, but still way off the highs. The NASDAQ at one time today was 21-350. Got to make sure that's correct. That's definitely not correct. That's pretty funny. The NASDAQ today was 19286. That's right, my bad. at one time today closed at 19075 so it dropped 211 points from the high that means it was up 260 at one time today finished up 49 but i must tell you at one point today it was down 50 and you had a bump right into the close the nasdaq 100 was 21 350 at the high finished at 21132 so 2118 it was up 263 3 3 3 3rd
Starting point is 00:21:26 finished up only 45. The S&P was flat today at 5956. It was up 54 points at one time today. The Dow finished down 188 at 43-433, dropped 433 points from the high today. So it was up 433 minus 188. That's 245 that was up today and then sold off. And that's after.
Starting point is 00:21:58 we had recent weakness. So we'll see. The good news is at the end of the day, they did bounce the NASDAQ, and we do have some aftermarket that'll come in. I don't see Nvidia just yet, but I do see Salesforce.com, which is important software and is in the Dow. I got it down 17 bucks in the aftermarket, so that's not that good news so far.
Starting point is 00:22:26 Maybe something else will save it. Anyway, just letting you know of little things that are going on. Hey, snowflakes up 14 bucks in the aftermarket to 180. Look how we're reporting the news as it goes. One other note, before we move forward, the president had like a one-hour cabinet meeting on TV today. I disagreed with a few things he said. I thought he'd be-assed on a couple of things today.
Starting point is 00:22:54 I loved the whole thing as a whole. transparency from our government. Wow. And he did say a lot of great things. Up next, we'll expound. And then whatever else. I'm Gary. This is the one only investor's edge.
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Starting point is 00:23:55 That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card.
Starting point is 00:24:24 What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confuse. used relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes
Starting point is 00:24:52 the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show. show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. We're listening to.
Starting point is 00:25:24 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.
Starting point is 00:25:52 And welcome once again to Investors Edge. Okay. So the first thing, Nvidia closed up today, $4.76. The first thing I saw was it was down $3 in the aftermarket.
Starting point is 00:26:17 I now have it up about $3.50 in the aftermarket. Make that $1.5.5 in the aftermarket. So it's all over the map. And before we leave, there's going to be all kinds of stuff. They beat by $0.4.4.
Starting point is 00:26:34 Revenues were better than expected, not by much. They'll have this, that, and the other thing. By the way, Nvidia is now down three bucks in the aftermarket. Make that too. Anyway, it's going to trade like, it's lighten up like a pinball machine right now, depending on what they say. The biggest issue is that everybody's bullish on it on Wall Street. Nothing can go wrong. You combine that It's had a monstrous move already. We're not saying it's not going higher, but it's had that monstrous move already. So we'll see what happens.
Starting point is 00:27:14 It'll be a long evening, and believe me, the CEO talks up the company. He is the greatest talker-up, and by the way, that's a compliment. I'm not putting them down. By the way, it's now even in the aftermarket. That'd be funny because the options players were betting on an 8% move one way or the other. If it doesn't do anything in the aftermarket, they all lose their. butts. They came in it, now I might as well do a little deep dive. They came in at 89 cents a share versus 52. That means that's the first time in a long while earnings were not double.
Starting point is 00:27:53 Revenue, revenue, I know I have it somewhere, they did 39.33 versus 22. I mean, they're good numbers. It's strong numbers. The question is, is it going to move it forward? I don't know. I don't know. I'm just watching it trade like crazy. It's up a buck in the aftermarket right now. That'd be funny if it doesn't do much in the aftermarket.
Starting point is 00:28:25 That's all I can tell you. They'll talk CAPEX and we'll see whether that helps the semiconductors. We'll see. I don't know. But so far, Salesforce.com, that is gagging. snowflake that's up a little bit that's not a strong stock and invidia right now is pretty much flat look at that how boring can that be imagine if it ends up flat i'm looking to see if there's any others a mba is up ten dollars that's nice to 85 bucks that's another one i follow a little bit of
Starting point is 00:29:02 eBay let's see if i find something on that eBay oh down five bucks in the aftermarket that's not I will never use eBay again. I told you my story here, didn't I? I got ripped off and they wouldn't help me out any way shape. I couldn't even reach them, let's put it that way. And when I did, they couldn't give a crap that somebody on eBay screwed me and one of my partners out of some bucks. It was a travel agent that was a big scam.
Starting point is 00:29:36 What can I tell you? All right, so that's a little bit of that. What else? China, another good day. overnight. China, without a doubt, has gone vertical, had one bad down day and has almost recovered that. That's still in play. Gold, no issues there. Just as I have told you, the market is mushy. Half the market is still ick. I will say they bounce some of the ick today, but I wouldn't go further than that. In the Dow today, let me see what caused the down 188. Amgen down 10. Amgen was
Starting point is 00:30:22 rallying. I didn't see any news, but the market didn't like it today. Down 9. That's about 60 Dow points. Boeing down 5. I will tell you Boeing broke a little bit of support today. I will tell you, Johnson and Johnson down 3. Home Depot pulls back a little bit down 3. Apple. What happened there? Down seven? Huh. That's about 45 Dow points. Apple, just so you know, has done nothing since July.
Starting point is 00:30:55 It's up half percent since July. But I did buy the new iPhone, and I do like it. It has some, not a lot of new things, but, you know, they did the usual. My last iPhone wasn't working as well. really do believe they do something like that. And I think they were sued and paid off people on that. But I got my eye watch also. My son bought me an eye watch and it's pretty cool. No complaint. Tesla, that's the second most I get asked about. Tesla was down another $13 today. It has gone from $4.89 to $290 since the high in December. And I pretty much know when people,
Starting point is 00:31:43 People own a lot of stock that is getting in trouble because I get a lot of email. So Tesla, it's pretty simple. All the bullish talk is about what the shape of things to come. Robotaxies and driverless vehicles and all kinds of stuff. Terrific. The problem is the amount of cars they are selling are heading south in China. They have lots of competition. They are in Europe.
Starting point is 00:32:10 numbers were just down big time. What was it, Germany I reported to you, 49%. And that just ain't no hill for a climber. I was asked, do I think that there's a component of Elon Musk paying too much attention to Doge? No, I think the numbers matter. I think if they reported monstrous sales numbers, stock would be going up. But no. And just under pressure on a daily basis right now.
Starting point is 00:32:39 and you know us we don't own bare market stocks it is in a bearish phase bare market downtrend whatever the heck you want to call it the next one i've been asked about most is palanteer the stock just went from 12540 it closed today at 89 30 in six days it was up a little bit today well it's simple our worry has been ridiculous valuations and i was watching some people on TV, oh, don't worry about the valuations. What? You're paying a hundred times sales. You are paying at the highs. Well, it's still $200 billion market cap with less than $3 billion in sales. You're still paying up. So that's number one. Number two, well, there was talk about the government, and we're finding out now who gets a lot of business from the government and Palantir got squashed when
Starting point is 00:33:39 the president said something, Palantir's 50-day moving average is at 85.86. It's already come down a long way from, it was very extended to the upside. A break below the 50-day moving average will not look good on a resume for Palantir. Simple as that. And just so you know, we do this little exercise. If we don't own something and something happens to, we always try to go back. even though psychologically you didn't own it, so it really means nothing, but we still try. Where would I have sold Palantir if I owned it?
Starting point is 00:34:20 We did a little thing like that, me and my buddies today. We would have sold on February 19th. The high that day was 25-41. The low was 108-56. So there would have been a pretty good, I don't know what number we would have sold, but that was a real sell signal for us.
Starting point is 00:34:41 that day. Anyway, so just another stock, and just so you know, there's just been a lot of ick. A lot of important stocks have gotten trashed as of recent. Welcome to a very tough market that is
Starting point is 00:34:57 not making it easy. You know the areas we think that just avoid the managed care, defense stocks, most of the oils, a ton of the retail, definitively the home building, slash housing, the rails and truckers, hospitals, a lot of the commodities.
Starting point is 00:35:21 I will say that the staples have been coming on, but I'm not so sure that's going to last. And you've also had some weakness in the big banks, though. Goldman and J.P. Morgan's sitting right on the 50 day at the close today. Hold good, break below bad. How's that for an answer? Aren't I a genius? If it drops bad, if it goes up good. Yes, we're such geniuses here.
Starting point is 00:35:48 So that's a little bit of just the things we think you guys are interested in. I will tell you Google we get asked about. That was hit again today. They're getting rid of people in their cloud business. That doesn't sound good. Up next. What else? I'm Gary.
Starting point is 00:36:05 This is the one only investor's edge. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less.
Starting point is 00:36:47 Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One
Starting point is 00:37:19 Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One com for details. This episode is brought to you by Spreaker, the platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere where people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for,
Starting point is 00:38:05 well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Investors Edge with Gary Culpa And welcome once again to Investors Edge They bounced up some of the AI stuff
Starting point is 00:38:50 The you know those energy things The C-EGGG-EV-V-ST They bounced them up today Because one of the other ones Symbol NRG Had a good reaction to their 25% drop in earnings And zero percent revenue growth
Starting point is 00:39:08 It's called NRG Energy Energy, They say supplies electricity in Texas, generates wholesale power. I think it's one of those names that's part of that contingent of data center and all that crap. But I don't know. So you had a little bounce there, but I wouldn't call them uptrends. You had a little bounce in some of the data center. Wouldn't call those uptrends.
Starting point is 00:39:34 Had a little bounce today in some of the construction. They wouldn't call them up trends. Remember, we are looking for stairssteps heading north, not south. We are looking for great earnings and revenue growth, not the opposite. We are certainly have no interest in the no-sale stuff. Why? Well, they've been cramming those bad boys down to the ground. Boy, oh, boy.
Starting point is 00:40:06 there's some 70, 80% drops in the quantum. Remember, they were telling us you got to own quantum? And I'm on here saying they have no sales. What's so good about that? They have no sales. The nuclear. I saw a nuclear guy on TV from one of these nuclear stocks today. They have no sales.
Starting point is 00:40:36 They have portable nuclear energy stuff. I'm going on their website tonight to look it up more. The guy was interesting, the CEO, but they have no sales. That's how I look at it. It's got a $1.1 billion market cap with no sales. Show me a sale. You know my old line. If your young son or daughter opened up a lemonade stand on the
Starting point is 00:41:08 quarter and sold the glass of lemonade. They'd have more sales than this company. Simple's N&E. And we're not ripping on it. We're just telling you how we feel about markets. Stock just came down from 48 to 29, but after going from 4, God bless if you owned it. We just are cowards here. We're cowards. We're cowards. We've told you we'll never own a bio-tebrose. tech with no sales because we're worried that the next day the placebo is going to be doing better than the drug in phase two trials and it drops 50%. I've seen one drop 90. To be fair, I've seen a few bought out for billions of dollars with no sales. Cash rich pharmaceutical companies. Cool. I ain't going to own those either. So there has been a lot of froth. By the way,
Starting point is 00:42:09 this is almost funny. NVIDIA the update right now. Okay, it's down a dollar and a quarter in the aftermarket. But that is pretty funny because everybody's waiting for bated breath for the big move and supposedly it's going to be 8%. But they're going to have a conference call and we'll see what happens and maybe that changes it. I don't know. As I said, the CEO is quite the quite. Anyway, back on, there's just a lot of areas to avoid.
Starting point is 00:42:39 Gold's still in shape. But the gold miner is not so sure. There's a few that got clonked. as we said China is strong. And if you have a chance, Google the words China money supply chart and see if the one comes up. It's gone vertical.
Starting point is 00:43:06 And that's usually pretty decent for a market. Until it's not. And it's very extended there. I'm not sure I would go to. further on that. I'd wait for pullbacks. I don't know if you're going to get them. So that's the story of the day. Could have been a lot better. Could have been a little worse, but this is coming after a lot of nausea recently, and I mean nausea. It has been halacious for the growth arena. They have blasted. Well, we mentioned Palantir,
Starting point is 00:43:47 but that's nothing. Palantir dropping 30-some-odd percent. Excuse me, I've seen some 50 percenters. I do need to get a dump button so you don't hear me cough, you know. So stay tuned. We'll be on it. We're now past the last big name in Nvidia with a pedestrian reaction as of this second can change overnight. You have weakness in some big names. Leave no doubt Tesla.
Starting point is 00:44:25 Google. is now I think, if I look, Google's trading under the 200-day Microsoft under everything. Salesforce.com is going to gap down, it's down 15 bucks in the aftermarket, but that's still not good. Amazon has been weak. Broadcom has been weak, though it did bounce a little bit today. Don't know what's going to happen with it tomorrow. We don't want to see Nvidia gag. The two that are holding up well, Facebook, meta, Netflix, and SAP, which is from Germany, the European markets are stronger than ours right now, ladies and gentlemen.
Starting point is 00:45:07 Even though I keep here and they're in recession. So beats the heck out of me what's going on there. Lastly, circling back, if they can really, really, really, I know the Republicans signed off on some deal last night on the budget. that's just so you know it's going to go through the washer in the dryer 42 times in the next couple of months so we don't know what's going to come of it but man oh man if they can really get the job done and just shrivel the government by just a trillion the economy will pick up and cover the other trillion of debt just remember we keep growing and they keep growing more And that's what's been the problem.
Starting point is 00:46:00 You all have a great evening drive carefully. I think Adam's doing the show tomorrow because I'm on a jet. And when you get home, do like we do. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better to those pilots in Southwest Airlines that pulled up without hitting that private jet going on to the run way in Chicago. Good on them.
Starting point is 00:46:21 Have a great one, everybody. Serenity now. Peace out. Bye, bye. This has been Investors' Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryKK.com. That's GaryKK.com. Guys, it's no use putting it off.
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