Investor's Edge with Gary Kaltbaum - Coast to coast [11.24.2025]

Episode Date: November 24, 2025

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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 Investor's Edge. I'm Gary Kaltbaum, your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's Monday. It's November 24th. It's 2025. Hope you had a good weekend. I did not because my Giants lose another game that they should have won. Even the interim coach sucks, does not know how to coach an end of a game after winning.

They should hire me. I would have done a lot better. I think they're two and nine. I would have been seven and four if I was the coach. If you just give me the last ten minutes of the game. Actually, the last five minutes. They would have been seven and four. Instead, they're two and nine.

Very depressing. That was the sports section of Investors' Edge. Ladies and gentlemen, so as you know, we do the markets. We guide you through markets. What we try to do here is guide you into avoid bare phases, bare markets, leadership, potentially bottoming, potentially topping. That's what we do. And then we're in moments that we're really sure of ourselves. But you know what we learned through the years that these markets, especially when they're topping until they are fully topped, and I mean gone, you better be careful.

I say this because Thursday, by the we'll introduce us a little while, on Thursday, in years past, normally, I would have come out and said to you, this market has topped. That's what I would have normally, think about this market has topped. That's what I would have normally did. Because on that day, think about this, the market. The most, the market has topped. The most of, I would have normally did. because on that day, think about this, the most important stock in the market as far as influence, that's how much it is to the indices, as well as to the whole technology arena, and Viti reported earnings, and the stock was smoked to the downside. On that day, the NASDAQ went from,

23147 at the high to 22043, an 1100 point reversal to the downside. You're up at the tree and you get sold down to the bottom. Volume was heavy indicating institutional selling on the most important areas of the market and the most important name. By the way, this is the cold and flu edition, also Investors Edge, if you can't tell. I had it all weekend, and I don't have COVID. I don't have fever.

I don't think it's the flu. But you know what I tell you? When I get sick, I get sick. That's what I think's going on. Anyway, on Thursday, normally in the past, I would have said this thing has topped. 100%. Instead, on Thursday, we described for you everything and said to you, I have no clue what tomorrow brings.

We could bounce or keep dropping. Because until we are fully topped, this market has had its way of grabbing victory from the jaws of the feet. and when I look back to Thursday and I can back my charts up to Thursday, it looks like one of the great tops I have ever seen. For several reasons. Number one, 60 to 70% of the market was already in a void, already in bare phases. You know which ones. The restaurants, the housing, the housing related, the waste management, the travel, the payroll, the managed care. The consumer staples, the insurance, a lot of the financials.

And on Thursday, they got, and excuse me, but this is how it's described on Wall Street, they got the pretty girls. And they tanked them and on volume. Normally, a gigantic signal. And I must tell you, we had to hold our breath. We had to hold our words. because as I went to sleep that night, I'm thinking, holy crap. And we came in Friday and gapped up, but didn't finish that great, but it was still a good day.

And what happened on Friday, the broad market out of nowhere woke up. What's with that? But as I scanned the broad market over the weekend, it was just stocks that are just way down in their bearish phases bouncing. so we walk into today and I'm thinking we'll bounce some more and there's a couple of reasons why and simple reasons number one it is a shortened holiday week usually you have seasonal strength that's just number one number two quite oversold our little fear and greed measurements a lot of fear and we walk into today and right at the open, NASDAX up 390.

The strongest names before they were crumbling, like symbol L-I-T-E, closed on Friday at 2. Let's call it 256. It was 289 in the third bar of the morning, and then drifted higher the rest of the day. finished up 17%.

I described it to my peeps that L-I-T-E went from 274 to 215 to 282 to 229 back to 300 in a few days. Strongest name. Along that is Google, the other strongest. are the two strongest names in the market. The NASDAQ finished up 598 points today. The NASDAQ, which reversed

miserably from 23147, is only 270 points below the high of that reversal on Thursday. After a nauseating high volume reversal drop, we've gone coast to coast. in sentiment on the stuff that was leading. They went from crumbling them. I'm not going to use crash. But 20 to 30% drops. By the way, I saw a couple down 35 in days. Has you wondering, what's with that?

Things like Broadcom. On Thursday, went from 376 to 345. Hit a low of 332 on Friday before reversing. a little bit back up to 377 I'd like to say this is abnormal and yeah I would say coast to coast is but I've seen this before and I'm gonna be careful with my verbiage going forward until things are really dead so the NASDAQ big move today versus the Dow today What was the Dow up today?

0.4%. The NASDAQ was more than six times percentage-wise. I'm not going to say today was a one-note move, but the big moves were saved for the one-note.

Am I surprised? Yeah. I expected bounces this week. I did not expect 600 points on the NASDAQ today completely forgetting Thursday

now was there news to drive this oh there was the usual yapping from the president oh I spoke to China we're having a meeting we're going to drop this tariff we expect an explosion in the economy don't care outcomes everything up next

the rest of the market this is the one only investment 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 complimentary portfolio review. The number to call is 888-4-2-5-59. That's 8-8-4-2-5-9. That's 888-4-22-55-9. Investment Advisory Services offered through Call Bomb Capital Management

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Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreker. 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 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 today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it.

It's time to switch on the integrator units and get the brainwereens. sales 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. So,

the pundits that are constantly bullish, that we're having fits, big sigh of relief today. What else happened today? Bitcoin bounced from

very, very extended and stretched conditions to the downside. When you look at a chart of price way, way down, so that bounced, and probably going to bounce some more

to what extent we don't know. If you're going to move the Dow a little bit, Goldman Sachs, up 16, 100 and something Dow points. The Dow is up 200. usual weakness today in most retail except ralph loren which is a leading apparel weakness in housing insurance restaurants economically sensitive names that are not artificial intelligence a bunch of financials

adp and paychecks same stuff remember we told you though a lot of stocks went by the wayside what do we mean by that broke the 50-day moving average and only until they get back above are they in any consideration? A bunch of them bounced today, did not get back above. Tomorrow's another day. Again, we didn't see much today that would drive this. Normally, we would see some artificial intelligence announcement. We know we had something on Google, which again is the number one mega-cap stock by far now.

You had the president chime in as usual, blah, blah, blah. we're the greatest. My favorite one is the tariffs have brought in so much money from other countries. And I'm just thinking to myself, stop. We're not idiots. And he's got everybody out saying,

oh, the economy is going to be monstrous next year. I got news of you. If it is, it's because of us. We're good. Introductions. This is Investor's Edge. Serious talk on something that affects you.

We will do markets, the economy. Your job, your industry, and everything and anything else that comes to mind. Like, do you know we're averaging about $6 billion a day of debt? No, $6 billion a day of debt. No, really. $6 billion a day. You want to add that up times 365? They hate us.

We're just marks for their con, both parties, including this one. They told us they were going to do something about it. Nah. You know what else? They shut down Doge. Remember how excited I was about Doge? You know what they realized? If we cut government spending, it hurts GDP.

And since we spend so much, we can't do that. Screw it. Let's run the debt and deficits and we'll just BS everybody. And of course, they never bring up the debt and deficits anymore. though they were running that bad boy every day before the election. So just the usual. Unfortunate. The good news is bond market's still cooperating.

Yield, 10-year yield, 4.038. You got some minions out who want to be the next Fed heads yelling. Got to cut rates. And I'm pretty sure J-Powell's probably going to cut rates in December, a quarter point. It's not going to create a job. It's not going to do anything for the economy. But that's what they want. But the big story today, right back into that stuff.

Right back in? The semiconductors. You ready for this one? This is a ETF, a high of 6882 Thursday. A low of 6160 Friday. Closed at 6733. up 296 today. 6160 to 6733.

What is that 10% in two days, approximate? 9. And you're still about 9% below the highs of late October, early November. I'm already getting emails. What drives moves like this? Answer. Don't know. Gary, you always talk about institutions and positions.

and doing this and doing that. And they're getting out and they're meeting with the portfolio managing saying you own too many shares, da-da-da-da-da-da-da-da. But now they're in their buying today. How does that happen? Don't know. You know what we do know. The NASDAQ on the latest tariff nonsense from Trump on October 10th

close at 22193. You undercut that on a close by 100 points. And now rally back up. So we're drawing a line. Oh, and by the way, the low of September 25th was 22-185. The low on September 17th, 220-5-8. We're drawing a line. 22,000 and a little bit more.

There's your support. And I'm pretty sure that's what's going on here. I'm pretty sure. Fundamental side, whoa, Gary, they're telling me the AI bubble is burst. We'll see. People all over social media are saying it's a con. The accounting's bad. We'll find out.

Gary, you've actually read some things on air about that. Yeah. And by the way, when we read something on air, they're facts, not opinion. The facts are massive amount of debt to pay for all this. It's why an Oracle stock goes from 345 to 200. By the way, that's not bouncing. Core weave. It's why a stock goes from 187 to 73.

Debt. We'll find out. It's why we bring up micro-strategy and why micro-strategy stock has just been pummeled. while Bitcoin's only down what, 25%. Micro Strategy 457 to 179. That was up $8 today. Because Bitcoin was up. And that's a bit of the story today. I have no clue what happens tomorrow.

I am wildly surprised by today. Massively surprised by today. Not how much. Up next. Miss that and the other. thing. This is the one to only investors edge. 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. Go to Tommyjohn.com today for 25% off your first order with code comfort. 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. What's in your first?

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 one, once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousins 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 today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it.

please with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. And welcome once again to Investors Edge. The Divide. The Divide. By the way, did I say if you don't get this show in your city, we'll post it at

at garygay.com. We'll also post it on our X-feet. If you don't follow us, I next, you should. And if you'd like to email us, just be nice. We'll also be on the YouTube channel of BizTV. Okay, if I didn't say it, there you go. The divide. Through the years, I have told everyone here, if you work for others, make yourself indispensable. Make yourself the go-to person at your firm without kissing butt. And how do you do that?

Passion, intensity, hard work, educating yourself without having to wait for them to educate you. knowing your crap, be an idea person, be a solution person, make yourself indispensable, because you never know. I am seeing craplodes of layoffs at different firms now. Some are suggesting, they're just too many people, others suggesting artificial intelligence, whatever make yourself indispensable and why do I bring up that and the divide I really do believe we have a problem and that is the separation of when we read how many people and it's kind of a poll but it's decently sized how many people will live in paycheck to

paycheck. Don't have savings or don't have much at savings versus wealth. And I think that's a big issue going forward. And I'm a big believer in individual responsibility. Hey, it's up to you. Not anybody else. Don't blame anybody else if you don't put the time and the effort in. But there is a divide out there. And the other part of the blame is our government. How many in our government keep telling our citizens will take care of you? When I heard over 40 million people are on food stamps, they call it snap now. They didn't like the marketing of the words food stamps.

Now, some of those people are working, but it also tells you there's such a need. And that's where, as I tell you, if I was president, it's the first thing I'd be working on. First thing. From the Oval Office, I would do a primetime speech. Looking into the camera and talking about upward mobility and success and hard work and make yourself indispensable. Find something you love and become great at it. know that there's other parts to the economy there are people

I was in a restaurant with my family a great restaurant in New York City called the grill and next sitting next to me was this couple that I had no idea who they were people were walking over to them and buying them bottles of champagne and I was told

her name was Pookie and I looked up on Instagram Pookie and whatever the husband's name is they're making bundles putting up videos on Instagram of them hugging and kissing and showing off what they're wearing and they become this gargantuan hit

by just posting videos I'm just letting you know that's out there people are making bazillions of dollars I think I mentioned to you this like this late eight year old kid years ago that was making 10 million a year just playing with toys

there was a porn star from South America just using her voice playing with toys and making millions we're not saying to do that but there are people on social media and Instagram and YouTube doing workouts

health stuff all kinds of different travel and have millions of followers and making bazillions the new one I follow is this guy yes chef I don't even know the guy's name

he goes around and eats food and has got so big that he does his own whole thing in New York City now where thousands of people showed up he's got to be making a ton and you know how he got there doing what he loves so I'm bringing this up because

I think there's a divide out there and I think a lot of people don't know what's out there and what the potential is out there for the things I just mentioned pokey and they're famous as all hell they get invited to everything and they get paid to show things

I'm in the wrong business Anyway, I just wanted to bring this up Because our politicians suck Both sides of the aisle They should be talking upward mobility Hard work Sweat toil Greatness

Education And without a doubt Biden was the worst ever At least we're getting a little bit out of Trump on that Not enough and as you know I'm P-Oed with him picking and choosing winners based on who he likes or doesn't

not a fan and if I was that way with Biden and the other side I'm going to be that way with him also anyway I thought it worth mentioning because I have to tell you there's a big divide

and when I did the Boys and Girls Clubs of Central Florida Thanksgiving dinner last week I bent down at every table and talked to the kids. Ask them. Tell me about your life, your family. A lot of not great circumstances. A lot of one-parent families.

It's got to start there. There's a divide. And I worry about the culture war. and I worry about this guy, mayor of New York City, who is the antithesis of what should be done. He's going to give, give, give from others, people are going to take, take, take, and gain nothing. That's it.

That's why communists and Marxists and socialists, they're control freaks. and they use other people's money, certainly not theirs, to do their bidding. The divide. Somebody in D.C. needs to jump on this,

and they're not. I keep hearing Trump is now the working man's Watchman-Madugie. Meanwhile, he's firing everybody across the globe, across the country. The working man. Up next,

this, that, and the other thing. We're off the divide. I'm Gary. This is the one only investors at. 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. Go to Tommyjohn.com today for 25% off your first order with code comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One VentureX 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. What's in your one? 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 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, well, more microphones. Start your show today at spreeker.com.

Sprinker, 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. In the Wester's Edge. With Gary Culpa.

So, I think the problem is that the economy is so based on the wealth effect and the markets and not the working man. And you know what I mean when I say that. And I don't like using the term average Joe, but something's got to give.

and something's got to get better. Notice I'm not like Bernie who says, shouldn't be billionaires, no billionaires. Or Mondami. Billionaires, smooth-talking communist. Everybody should become whatever they want to become. I don't care what the number is. But somebody's got to start setting

the tone for the middle class and below because 40 some odd million people getting food stamps this 350 million people I believe take away the kids that's a lot of people

and then the dependence on social security that stupid Ponzi scheme worst thing the government's ever done social security Second worst thing, lottery, even though I play when it gets big. And what have they market Social Security to you? The end-all be-all. They don't tell you that instead of Social Security,

if it was your account in your name, and you didn't need the Social Security Administration, A, we'd have saved tens of billions of dollars throughout the years just on that. And your money was just put into 10th of $1.2 million. 10-year bonds and rolled over every 10 years. And at the age of retirement, you only get to take out a certain amount every month on less emergencies. You know how much more money you'd be taken out right now every month versus what they're giving you? Just remember, what they're giving you, they're giving you anything. It's your money. And you have to remember the other part.

They forgot. Demographics. People living longer. Life expectancy keeps going up because of medical breakthroughs. And imagine back then if you could just put 5% into the market. They didn't even trust our own stock market. And as I told you in 2004, when George Bush beat Al Gore, was it Al Gore the second go-round? Who did he beat the second time? Whatever, the second time.

I was invited to the White House to talk about Social Security. And I interviewed the Secretary of Treasury John Snow. People like Carl Rove got to meet Rumsfeld and Condoleezza Rice and the rest of them. Within a week, my contact at the White House said they had dropped it because they were catching crap from the other side, throwing Grandma off the cliff. You know what your idea was? Just take 2 to 5% and put it in the market. Just the S&P.

This is in 04. Go look what the S&P has done since 2004. Imagine. You know what return on investment you got? And just remember, it's your money. You get none. You think you're getting any interest on all that money? Nope.

Our government. And you can never change Social Security now. Why? because there's people today that are getting Social Security being paid by the workers of today. All the money's gone. Did you know that? You're not getting your money out. Do you realize that if the economy went into the crapper for a couple years and less people are working, forget it.

And they're already telling us Social Security has problems in a bunch of years. yet they do nothing. And back on point, to get to the point where you're depending on it at that age, you should not get to that point. The divide. I was just thinking about this this weekend

because meeting with those kids, talking to them, and just seeing the world, the wealth versus the not. Seeing Mandami trying to con the ones that are not. not, that their life will be better if, just remember, socialist, Marxist, communists, don't do squat for anyone. They hate success because they cannot control success. That said, we've got to get

cracking. I don't know if we're going to find someone that inspires, because if we don't, the divide just gets wider. It gets wider. In economy that lives off of, half the country needs to be worked on. But I digress, it's Thanksgiving week. We will be on Tuesday and Wednesday off Thursday and Friday. That all said, you have a great evening, drive carefully 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. You know what I'm doing right now? I'm going to sleep. I'm drained. Peace out all. Until tomorrow. Have a very good night.

Bye-bye. been Investors' Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryKK.com. 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.

Go to Tommyjohn.com today for 25% off your first order with Code Comfort. 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. What's in your wallet? Terms apply, lounge access is subject to change. See Capital1.com for details.