Investor's Edge with Gary Kaltbaum - Bounce! [06.08.2026]

Episode Date: June 8, 2026

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Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Coltbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host day. Thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Monday the 8th June, 2006.

Hope you had a good day. Hope you have a good weekend. In case you don't know, this is serious talk on everything that affects you. We'll do the markets, the economy, your job, your industry. How about war or not war? I think I'm going to be nice today. How about scams and shams and corruption and debt and deficits? And you name it, we'll cover it.

And if you don't get this radio show in your city, we'll post it at garyk.com. We'll also post on our X feed. And if you don't follow us on X, you should. you go to X, put our name in. If you'd like to email us, you just got to be nice, got to be respectful. You can disagree with us 100%. We can disagree with you 100%, but we'll be respectful to you. But you know what else we want to talk about today?

Earthquakes. So I don't know exactly what time it was, but I felt something here in Central Florida. It was like a do-da-da-da-da. It was like things moved. And I didn't really think about it. It was an earthquake. They reported it.

It came off the southwest coast. And we felt it here in central Florida. I've been in earthquakes before. I was in San Diego, California, where we had a really good one. I guess there's no good ones. Anyway, just letting you know, we experience an earthquake. here in Florida. I don't think that happens too much. Moving on. So unfortunately, there are some conniving, cheating, thieving people. I think in a lot of industries, not necessarily every industry,

but there are those that take advantage of things. But in Wall Street, street, we have found that people have taken advantage. We know that. Insider trading. People have gone to jail for that. We have no respect for anybody in D.C. from the president on down for their insider trading that is going on. Not necessarily the president doing himself, but there were a lot of trades there, but no investigations whatsoever. If I'm the president, I'm investigating for all these trades being done before major news announcements coming from the president that's what I'm doing and then you have the insider trading people running their companies and then you have what the CEO of Nvidia did this weekend we are not accusing him

of anything except we're going to tell you what happened and what he said and for the record pisses me off in my industry there is a term i think it's talking your book it would be like as you know i'm on radio and as you know i'm on tv last week i did the fox weather channel Yes, the Fox Weather Channel, they like me. And I'm on like every other week and we'll talk business. I really don't do weather. But for instance, we did a segment on, what do we do, a segment on, hurricanes and insurance, things like that.

So we mix it up. I also did Liz Clayman show on Thursday. and on Friday I did a whole hour on the big money show on Fox business. Now let me tell you what it would mean by talking your book. If I had a huge position in a stock and I went, I'm going to use the word overboard in talking my buck. Gotta own it, got to do it, got to own it, got to own it, got to. to do it, got to own it, got to do it.

But you know, I'm just Gary Kaye, and I don't have that much influence, right? It's not like I'm that guy on the other financial channel that's been on there for decades who has his own show. So we're just letting you know that on Friday, on Friday, and this is a fact, and Vitiya stock was down $13 and change, the semiconductor, the site, the side, went down 1,400 points, I believe. Was it 1,400? I'm about to tell you, I want to get my number right because we're going to explain what it means

by talking your book and doing something I don't like. So let's see, the socks closed the day before at 12, no, excuse me, at 13617 and closed Friday at 3rd, Friday at 12.2. So let's call it 1,400 points. Let's call it 1,400 points. It was a big drop. It's like 10%. Very big drop. And of course, Nvidia dropped also $13 in change. There was a social media post. I don't know if they put out anything more than that from a very respected Fidelity portfolio manager from the past and he put out this note that invidia created an entity that they funded one point nine billion dollars with and also got a company called apollo you should know them to add 3.5 billion of

debt and of that that 5.4 billion dollars of that entity bought invidia chips and he went on to say he thinks that's crookery. That's what the portfolio manager said. He took him to the mat. Well, the NVIDIA CEO goes out and makes announcement after announcement about how big this is going to be, how big that is going to be, how big this is, how big that is. And you should buy the pullback, buy the drop. So the semiconductor index has had a monstrous run, has a 10% pullback, and he's already out there telling everybody to buy. You see something wrong with that?

Well, I do. He's the most influential person on this earth on the industry. If things are so fabulous, he wouldn't have to tell people to buy. I've always amazed that somebody getting mad at a short seller. Short sellers are great if your company's doing great. Why? If your company's doing great and your stock keeps going up and performs, guess what? They got a cover, creating short squeezes, fueling the stock even more.

So if I had a question of the CEO, what do you so worry about? Why do you have to go out to the world and yell and scream how everything's fabulous, fabulous, fabulous, fabulous, and tell the world to go buy semiconductor stocks the day after it had a 10% drop? You know that line doth protest too much? Well, we're not accusing him everything. We're stating what he did. And as always, we'll let you decide. Now, we will state our opinion.

It's wrong. He's wrong. It's bad form. It looks bad. And could call into question, what's up? That's all. What's up? I noticed

that he did not answer in all the talk he did this weekend, what this portfolio manager of Fidelity had to say. Because frankly, if there's nothing there there, it's the first thing I would have answered. So just letting you know what I would be asking of this man. And as I said last week, If you want to see what this man had to say, his Twitter handle or X, we'll do that up next. We got music going.

I'm Gary. This is the one only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investor's 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. 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 888-4-22-5-559. 888422-5-5-9. That's 888-4-22-5-5-9. Investment Advisory Services offered through Coltbaum Capital Management.

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. Welcome once again to Investors Edge.

So the gentleman, George Noble, the Twitter handle is at. It's the at sign G-N-O-B-L-E-79. That's all. Fidelity Overseas Fund was the number one mutual fund USA, former Peter Lynch assistant. If anything else comes out on this, we'll let you know. But I got a problem with it. The fact that it was not answered tells me there's something to it. Tells me there's something to it.

And tells me that it's factual. And if anything changes, we'll let you know. But he put out the post and that's that. Imagine funding an entity, funding an entity that buys your product. and then booking it as a revenue? Huh? What? Is that possible?

Could that be? Anyway, that is all. Anyway, off of that, at one time today, the socks, which dropped 1,400 points, was up 900 today, finished up 685. So, had a very good day.

but how do I want to put this? I have very little edge on telling you what I think about today versus Friday and what may or may happen tomorrow or in the next few days. I have very little edge. What I can tell you

is it is not atypical. When you see such big moves up and down, listen carefully, that a change in trend may be occurring. Let me explain a little bit on the market and how that works. So you have an entity in the market that's going bazonkas and is just strong to the upside or very weak to the downside and then all of a sudden you start to see wild swings. If it was going to the upside, you have a big down day or two and then a big bounce and then, well, it's just two days, but we're letting you know it may just be that. The same goes, you're dropping like a rock. your stock has gone from 200 to 130 in a matter of five weeks.

No let up. And then all of a sudden you go from 130 to 145 one day, but then you drop to 135 the next day. And then you're up to 140. That means buyers may be getting the upper hand versus when something's rallying it happens. It means sellers are finally showing up. We had not seen anything that resembled selling in the semiconductors. Nothing resembling. So we are not telling you that's what it is. We're letting you know it is not atypical when you see after a big move wild swings will change direction for the near term. We're going to be watching that closely, especially in the semis,

because that has been the driving force in the market, in the NASDAQ, especially. And the Nvidia CEO? Well, if I got to sit him down, I would tell him respectfully. You're wrong to do that. But anyway, think about this. the semiconductors were up 685 today, the Dow was down 80. And of course, if the Sox is up 685, the NASDAQ was up 220. But also, the NASDAQ today at one time hit 26-179.

So that's 250 higher. So the NASDAQ was up 470 at one time today, finished only up. 220. The Sox, as we said, was up over 900, finished 685. The Dow today never was up big, but I do believe it hit. I do believe I'm about to tell you the exact number, if I can get my bearing straight. 51, 277, I take it back. 51, that's 277 and 214. That's 477 and 214. That's 491. It was 400. 991 higher. So at one time today, the Dow was up 411 and finished down 80. That's a little bit of distribution. Let me make sure I got that right. 51-270. Yeah, I got it right. So just letting you know was much stronger early, didn't finish great, but the semiconductors were it. But I again want to

state, put it in your file manager that your Hansman buffed host said to you that it is not atypical after something has a huge move when it starts to get real crazy days down and up. It very often changes the trend for the near term. We'll let you know. So that was the story today, Dowdown 80. I do want to add Apple. Apple held their big worldwide thing of a bob today and I will tell you Apple hit a high today of 31740

at one time today no really was 31740 up like 10 bucks I believe am I getting that right yeah when they started the event it hit 31740 yeah whoa

that's a lot 16 4 was up 10 bucks finished down six dollars in change so up next we'll do a little bit more on that and lots more going on in this world

this is the one only investors edge 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 sugar out of boy With Gary Colbomb

Comes highly recommended You're going to feel better if you talk to him And welcome once again to Investors Edge So I guess the market did not like That they are going With AI And it's going to be later than expected Who knows

But Apple lost like Two to 250 billion of market cap today Is that? Yeah I got to tell you For me to say something lost 250 billion market cap in a couple of hours. Just so you know, that's more than probably 470, 480 stocks market cap in the S&P.

And I'm not kidding. And I'm not kidding. It's amazing to talk these numbers. The numbers are just so darn gargantuan for some of these companies. it really is that amazing for me to talk about this. Four, five trillion. I remember when we had the first stock go above a trillion, I was like, there's no way it can go that much higher.

And boy, wrong, wrong, wrong. So I just wanted to repeat again, something of import. And we'll know soon. It is not atypical. It's not atypical when you have a big move and stocks have that big move or a sector has that big move. And all of a sudden, you have real wide days both up and down. And that's what you had in the socks the last two days. let's keep it in the file manager

you got that in the file manager because we remember everything in the market and if in fact the semiconductor index decides to correct a bunch more it is these two days

and it's the second day that it's up big amount today that defines it not the first day down 10% but the next day up, what about 5%, that defines it. So let's just keep that in mind. Again, does not have to be. We're just big believers, characteristics, bull markets, bear markets, tops, bottoms,

up trends, downtrends, and all that crap. Just keep that in big time mind, ladies and gentlemen. It'll be interesting to see. A lot went on this weekend with Iran and Israel. And let me state it the way I'm nice. Israel's been attacked for decades from bad people. they just went through the October 7th terrorist attack. They are constantly being bombarded with missiles and drones.

The people who did October 7th continue to say they want to do it a thousand times over and wipe them off the face of the earth. Jews are being attacked randomly in different cities not only here but around the globe. Synagogues have all kinds of miscreant showing up and threatening people walking into synagogues. Some people have walked in with guns and shoot people up. You know where we stand on any of this? And that goes for any race, creed, or color being threatened. The number one job of a country's leader is to defend the country.

against these things. Our president told their leader to stand down, and I'm calling the shots. I think you have a good understanding what I think of that. The leader of Israel respected it and actually has stood down for the moment. That's not going to last. because murderers and terrorists do not change their spots.

They just calculate that was this weekend as rockets and drones rained down on Israel from southern Lebanon, which is Hezbollah, the terrorists. Those are the same people that rained down missiles on me when I was in Israel, taken out by the Iron Dome. Our president injected politics in the decision-making because he wants this to be over because of oil prices. We'll see how it plays out. Expect the bad guys to continue being bad. And then expect Israel to put the hammer down, regardless of who's calling the shots, supposedly, who, by the way,

is still saying things like January 6th was an inside job and they were forced to do it, and is still saying all the elections are rigged. This weekend, we'll move on. Anyway, if the semiconductors, which are so important to this market, further the downside. You get some more weakness in a bunch of things. And I can tell you, looking at my screens today, it wasn't one note, but it was semiconductors,

and then everything else. And that's how you get your Dow down 80. The S&P only up 21. But the semiconductors up, what is that, 5% today? Which is a huge move. but after dropping 10%. 5.61% today on the semis.

Again, Apple was newsy. I explained to you the Nvidia. By the way, those two stocks are one-two in influence. Software did nothing today. Semiconductors did that. The software did nothing today. In fact, a few things were down. A lot of software stocks were down today.

You had a bad reaction to earnings to crowd strike down another 13 today, things like that. Bad reaction to Sienna. That was a leading telcom equipment, whatever, gap down further today, down 21 bucks. And what my job to do is right now is disqualify. That's my job. In other words, if things weaken, what breaks support and or moving average is? And if they break the 50 day, they're disqualified from any consideration to play because we don't touch anything below the 50 day.

On occasion, personally, I'll do some things that are below the 50 day, but we think have gone through the bottoming process, but not all. often. Up next. This, that, and the other thing. And whatever else. This is the one only Investor's Edge. You're listening to

What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! Investors Edge. With Gary Culper. And welcome once again to Investor's Edge.

All right, let's talk other things. Software did nothing today. In fact, a bunch of software stocks were down. Crowdstrike, which had a bad reaction to earnings, down another 13, Palo Alto, down six. And one of the stronger ones, a stock that I was actually upset that I didn't buy when it moved above a flag at 204 was Twilio. When is high last week at 238? It's already back down to 212, so I'm feeling a little bit better. Also of note, and I'm just going to go through one after the other. Google alphabet, down another five and change today.

The stock's been hit pretty hard because they are doing an $80 billion stock in bond offering and the market don't like that. On Friday, meta dropped 30 something, and they have not disavowed it. that they're going to do tens of billions of dollars of a stock offering also was down another $6 today. We're now here and maybe Amazon. Now keep in mind, these are cash generating machines with tons of cash, and they're willing to dilute their own stock and also go into more debt in order to fund this whole artificial

intelligence thing it's it's very weird to watch ladies and gentlemen but these mega cap companies their stocks are getting hit on this news just want to let you know Bitcoin that it finally bounced and when I say finally bounced I can tell you that the last move down one two three one two three four five six seven eight day six Seven out of eight days down, and there was some big downs. So finally bounce, but I can promise you this, it does not change the trajectory. It's an oversold bounce. The I-B-I-T, which is an ETF for this, went from 44 to 34 in those days.

It's a big freaking drop. So just letting you know on the crypto. And again, whew. I'm just wondering if we've had the cryptoites fed up, seeing the AI stuff and making the moves. That's what I think. Plus also you got the guy running strategy, used to be called micro strategy, selling, but I heard he's been doing some buying, but I don't give a crap what he does. I think the whole thing is nuts

What kind of strategy is oh I'm just going to take everything in leverage and buy one asset And by the way the last bare market had it drop 75% It's an insane asylum ladies and gentlemen What goes on out there It's an absolute insane asylum I had to bring this up Hershey's

Stock was down almost nine bucks today And I didn't see anything any news, which has me wondering about my complaints. Not at Hershey's. It's not their fault. If Coco prices skyrocket, I don't know, three years ago. One of those bags, the little, when Hershey's in the bag for Halloween and stuff was going for like $9.99, it's now $14.99. I'm seeing 50% increases in a pack of six Hershey bars. 50%. 50%. Anybody who says prices are down is full of crap.

There's some things down. I know eggs have dropped. Yay. But I got news for your paper products, chocolate, chips. Go look the mid-sized bags of the size of the small. bags now just about. And the prices are the same. And the list goes on.

And, oh, beef! Do you know in the restaurants in New York City? What used to be 50 bucks is now 75? Beef prices in restaurants, let alone go into the store. A lot of that going on. I got to tell you, when I hear about people worried, I get why. And I do the shopping.

Prices just stick. Now, the good news is I had a little drop in gas prices. Still elevated, though. Hasn't changed must. And I just wonder, and I'm not sure this, but I'm going to make the statement, I'm not so sure

oil prices are going to drop as quick as people think once all that crap gets fixed up. I'm not so sure. It's going to be that easy. But it's still, I guess, closed off to a certain extent. Some getting through, but nothing like it used to. I do believe the good news, listen carefully, because of this, what's happened,

pretty damn sure you're going to see countries look to move oil to them different ways, not depending on one area. And I'm already seeing that from Saudi and some of these others. I think that's going to go on. Housing. Inventory is still at a record versus days to buy. Just letting you know.

The amount of houses in inventory were record. amounts. And I can tell you a lot of areas in Florida, ground zero right now for prices coming down. I told you about that. I warned you. It's a buyer's market. The good news is I do not believe it's 08 and we called that. I believe this is the normalization of Powlitis that caused the dislocations. If that changes, we will certainly let you know. That all said, You have a great evening drive carefully. When you get home, do like we do. Quite simple.

Make sure you hug your family. Hug your children. They will feel better. You will feel better. I promise they will be well. And most importantly, go Nix. Don't rest on 2 and 0. Make it 3.

Good night, all. Bye-bye. This has been Investor's Edge with Gary Cultbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK. That's GaryK.com. Thank you.