Investor's Edge with Gary Kaltbaum - Continued Bounce!

Episode Date: March 21, 2023

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

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Visit turbotax.com. Only available with TurboTax full service experts, real-time updates only on iOS mobile app. Investor's Edge with Gary Cultbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. Well, no banks went out of business today. the market was up with some warts we're still here

we're still alive but you know me I'm going to have some buts because if you have been following us by the way we haven't introduced ourselves yet we'll do that in a second there is nobody on this earth

we know people are getting paraded in front of you to tell you how they called this or called that or did this or did that. There is nobody on earth that was more in front of all this than us. And part of what our worries were are starting to happen, at the end of the road starting to happen. Are you ready? The banks. There is now a move afoot, which will make you happy,

but maybe you have to think about it twice. In case you did not know, at the banks, $250,000 are insured by the Federal Deposit Insurance Corporation. Yay. And it would be, if it was you and your wife, a half million, I think, yeah. If it's a joint account, you know, I have to double check that. I'm an expert on a lot of things, but on the, in bank, I think it's a half million. I'll look it up in a minute.

There's a move of foot to insure every dime. Now, depending on which rusty abacus somebody is using, we're being told there are $18 trillion of uninsured deposits. 18 trillion. That's what we're being told. If you Google it, you get a few different numbers, but let's use the low number that I am seeing. 10 trillion. The problem is the Federal Deposit Insurance Corporation has only $180 billion in their little bank account. If you call it a bank account, how would you be able to cover?

Let's say $10 trillion. Well, you can't. And of course, let me be operational. There's no way we're ever going to get to the point where all these banks go out of business and this, that, and the other thing. Right? Right. There's no way. There's no way, shape, or form we will ever get into that position, ever. But do we want our government to ensure every dime we have? You know, what do we worry about? as you know I'm not a conspiracy theorist but you know what the conspiracy theorists believe that all this is going on so they can get more control of us

I don't know if you know this but a few years ago a couple of communists in the Democratic Party by the way I don't use that as a bad word I mean it and I don't mean the communist type that murders zillions of people just communists economically and basically what that is is control freakism control every part of your life there was a move of foot it died in two days by the Bernie Sanders and the like they wanted to take over your 401ks and your retirement accounts just like they did with social security and stole all the money and they dropped it in two days because they know it would happen to them if they even uttered the words now this talk about our central bank not making this up.

A digital currency? These ass clowns don't even know how to control our currency and stabilize markets. Because, of course, they are control frings. But a digital currency now, what the hell does that mean? I'm not so sure the conspiracy theorists on all of this are wrong. because every day we're getting more evidence from these control freaks call them what you want socialist Marxist doesn't matter control freaks every day it seems like we're taking more and more steps towards there and from the people that caused all these problems leading some to believe are they doing this on purpose am I wrong to even bring it up that way because I've never been a conspiracy theorist but 32 trillion bucks of debt later and all the things we are dealing with do you know the bag of little Hershey's chocolates that used to go for 1099 a year and a half ago now go for 1499 have you seen eggs though that's a little bit of the bird flu I just wonder I'm trying to keep a positive spin on all this trying to keep a positive spin on all this but man oh man

not sure one can but the good news no banks went out today the bank stocks were up today on the news they're talking about ensuring every deposit with money they don't have do you know our central bank lost the trillion bucks

last year on the securities that they bought with printed money you know they don't have any risk think about that do you think jay power would be doing any of this if it was his money hell no

you know there's all this talk that you know in certain cities they're giving out money now you know that universal you know giveaways do you think if these politicians were taking the money out of their pocket they'd be doing this insanity is ruling ladies and gentlemen I'm really worried

certain cities school districts are lowering the bar on education so your young children can reach for the mediocrity instead of the stars. They're insane. Do they not know the kids are in competition with so many others when they go into the real world? And if they're not educated as well as others, they're behind. Yet the people that are doing the educating want to give their students the big middle finger also. So I had to start this show with, hey, the market was up today, but man, oh man, underneath the surface of the people running the joint, them getting more nauseating by the day.

All of them. Screw the two-party system. They all suck. I am so looking for somebody that comes out and says, no, it's we the people. We're going to get the hell out of your way. and we're not going to spend more money than we take in ever ever and we'll adjust on the fly if we have to and deal with it but gary what about social security and medicare those are government programs that are bankrupt going forward they even admit it and they still do nothing about it these imbeciles

but i just want to let you know the market was up today and the banks are up today and nothing went out of business today. But on the back of our government that is 32 trillion of debt, backstopping with money they don't have. Welcome to my world, ladies and gentlemen. That said, in case you don't know, we scan 1,500 to 2,000 stocks every evening. We scan 200 sectors, every commodity, every country, and we're very good at isolating the big strength and the reasons why. And we'll talk about them again today because some of them shined again today. If we knew the market wasn't going to crap out again, we know exactly what stocks to own right now.

The problem is that the markets crap out again, they usually take them all down. But right now, in spite of, for lack of a better word, they just crashed a bunch of the banks and other areas. There's some standouts. namely, and a big wow, ladies and gentlemen, a bunch of the NASDAQ doesn't even know some banks went out of business, and they crashed the regional banks

and some of the big banks. A bunch of the NASDAQ doesn't even know it. They're like in another zip code. There are another, not too close, another planet. We'll see if it continues. Up next, a full market wrap. News of the day, movers of the day, whatever else. Today, 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 888-4-5-59. That's 888-5-5-9. That's 888-4-2-2-5-9. Investment advisory services offered through call bomb capital management. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola,

who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with.

So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. 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. Success starts with your drive, and American Public University is here to fuel it.

With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.apus.edu. 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 he. And look once again to Investors Edge. The most important radio show slash it because it's now podcast to on Earth. The most important. We nailed the bare markets field.

We warned you about the bubbles. We begged you to stay away from them. Each and every one. Those that followed had no drawdowns while so many have been crushed. And let's hope going forward, we can talk nothing about, hey, look what this one's doing, look what that one's doing, this one's doing, that one's doing. And just remember, I've never been more optimistic on most of us, never been more pessimistic on them. And the problem is they rule. There's no more we the people.

Don't you agree? It's we the government. How do we know this? Do you know the last year Bill Clinton, our whole federal spending was $1.8 trillion, and now the Marxist Joe Biden proposed $6.8 trillion federal spending? Do you realize that it's an extra $5 trillion of federal spending and would only talk in 23 years? It's sheer insanity. The corruption run amok.

$380 billion is going to John Podesta to give out for climate. A complete hoax. a complete giveaway, it's a scam. From Joe Biden, the big guy. Leave no doubt just another corrupt politician, just another one. He's been caught, and of course the media protects him, they all know. Influence peddling with his son. No different than the last, than the last and the last.

All getting rich, led by the Clintons. What'd they do? Compared to Jimmy Carter, you know what he did after the presidency? He built homes for Habitat Humanity. What did the Clintons do? Influence peddling to a foundation. Worth hundreds of millions of bucks. Given speeches to, of course, Wall Street,

who's thinking she's going to come president, let's kiss her ass and give her big money. That's influence peddling. Legal, though, of course. This is what we're dealing with. This is what we're dealing with. You see what they did with Silicon Valley Bank? Backstopping?

You know who that was? Billionaires. Technology billionaires. They give tons of money to a certain party. They were saved when they're not really supposed to. You know, normalcy is 250. See you? The little people didn't have to worry.

It was the big people. Gotta save them. You see the connections? And remember, I'm the least conspiracy theorist. But man, oh man, connect the dots. We deal in facts and numbers here, kids. The facts are getting quite onerous, if you ask me. Anyway, the market wrap brought you by Investment-Models.com.

That's Jim Roarback, one of the great market timers, no gray areas with the man you're either in or out of the market was proprietary indicators. Go check it. out investment dash models.com doubt 316 s and p 51 nasdaq 184 nasdaq 100 178 and they were selling in the early parts of the day came on strong uh semis were not very strong though only up two so the nasdaq would have been a hell of a lot better if not for the semis uh advanced declines were pretty good up down volume pretty good i will tell you no yearly highs in the market i already

did that about a half hour ago. You ready? New Yearly Highs. Let's see. SMCI, New Yearly High. Duolingo, D-U-O-L. Churchill Downs, New Yearly High. And we're still more than a month away from the Kentucky Derby. Darden Restaurants, Thompson Reuters, Arreston Networks, A&E-N-E-T, Novo Norddisc, a drug company, NVO. It's about it. And the whole new New York and NASDAQ, which I think is 10,000, 12,000 stocks. But let me just state for the record, much better tone, especially the NASDAQ. Let me give you a little tidbits. And we are not advocating buying, selling, shorting, or covering.

We're just letting you know facts. Booking holdings, the old price line, really popped off the 50 day yesterday and had another strong day today. Apple moved above a little resistance today. So did Tesla move above a little resistance. It's not leadership stocks, but definitely on the recovery from. Google announced more AI, and Google's coming up the right side off of bare market lows, but it is a definite help. Adobe just gapped up on earnings going through a big bare market, and guess what, since earnings report on that gap,

nothing but blue to the upside and up another 11 bucks today, 3% and change. That's all good news. Good news. in the Dow today let's see Goldman Sachs bounce three and three quarters keep in mind

had a drift down JP Morgan up three and a half the two big financials Nike up four Travelers up three United Health up three Visa up almost four the greatest bookie in history

Disney up two bounces Caterpillar up foreign change Chevron the oils bounced today up four and change Salesforce.com up three American Express another that's another big financial up almost six

in Apple? Oh, it must too. That did the trick for the Dow. And in case you don't know, every point in the Dow is about 6.78 Dow points. That's how it goes. So let's say the Dow 30 today moved up a total of 45 points, which made the 316 Dow points. I'm close. Close enough. A better day for the smaller midcaps. They had been in trouble. Transport's up 229. Do I have any complaints today? Not really.

Yields backed up pretty good. But I think that's okay. Just bouncing, they came down as a flight to safety, now sell. And guess what we have to deal with next. Mr. Bubble is tomorrow. We have no idea what he's going to say or what he's going to do. I'm more worried about what he's going to say, not what he's going to do. because whether he raises a quarter point,

stands padder, low as a quarter point, doesn't matter. Move the market for a day or two. I worry about what he's going to say. Most important man on earth. Doesn't know what the hell he's doing. I wouldn't let him run my goddaughters, and I have four of them, beautiful girls.

I wouldn't let them run if they put out a lemonade stand. Both he and yelling, I can't believe these are the people running the show. I don't know how to hell we got here. unbelievable. And they're treated as gurus. Experts. Up next.

We ain't even close to Dunn. And we'll have some news. I'm Gary. This is the one of only investors' edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacist 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 CBS pharmacist, Victoria,

Matola, 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 stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. 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 IHeartRadio. Listen now wherever you get your podcasts. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible flexible, online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop.

You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu. Cash flow crunch? On-deck's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restocking. inventory or tackle unexpected expenses without missing a beat with flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow. Depending on certain

loan attributes, your business loan may be issued by On Deck or Celtic Bank. On Deck does not lend in North Dakota. All loans and amount subject to lender approval. 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. 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.

One of my sports idols passed away. Willis Reed of the New York Knickerbockers. He passed away at 80, he had some heart problems, 80 years old. When I was a young and my sports idols were Willis Reed, Joe Namath Dusty Roads in wrestling Willie Mays

those were my sports idols Willie Mays was pretty much number one and Willie Mays pretty much stands out for me to this day

the greatest baseball player of all time I believe number two is Ken Griffey Jr. And I know we can argue back and forth. I don't think I've ever seen two greater baseball players than Willie Mays won Ken Griffey Jr. number two. And I'm talking about hitting for average, power, defense, the arm in the outfield, speed, and overall pitchers are very scared of them. And they did not juice.

And I'm sure you know in baseball years ago, this is just, I think, a ton of them juiced. And we know that is fact. Why? As we always say, go look at the numbers and go look at the foreheads of some of these people that juiced. Foreheads get bigger. when you do steroids.

And go look at the bodies of some of them. Anyway, Willie Mays and there was documentary on Willie Mays. That's out. I'm not sure how many years. I watched it again on an airplane a couple of weeks ago. Go into Mexico. And just loved every minute of it. The whole backstory, Willie Mays, we should all read it.

Just so you know, back then, blacks? You kidding? Seriously, back then. We've only a few decades past that. And I told you when I was a kid, one of my tennis buddies when I was playing juniors down in South Miami was not led into a restaurant. Unbelievable, huh? And we actually laughed at the person.

We laughed. You know, this is money. They didn't care. Anyway, off the sports hero thing. I think Willie May has got to be high 80s now maybe. He's up there. Okay. Back on point.

Again, the big news of the day, the banks are up. They bounced. I'm not so sure we're out of the woods yet. I hope so. If we're out of the woods, I will hate the fact that it's because of a government backstop. But we'll see. I think there's other fish to fry as we move forward in the markets. I do believe in valuations.

They're up in the trees. I do believe in earnings growth or earnings or earnings deceleration and earnings are not very good. And of course, interest rates that have come down some from the highs are still up there, way up there from where we were a year and a half ago so we'll see but again as of this second that can change tomorrow

NASDAQ man doesn't even notice some banking problems and if we did our webcast last night in the last couple of days we showed NASDAQ names and then we showed the banks NASDAQ and then showed the oils NASDAQ and then showed

economically sensitive and just went back you know go back and forth and what a what's the a tale of two cities what was the first line that was the best of times it was the worst of times

tale of two cities if you're in the wrong areas of this market it crushed in the last three weeks absolutely crushed tomorrow's another day now the Fed

let me repeat a couple of things and it's of course it's important even though I don't want to be important. He can move markets a day or two now. He has no effect on the economy. They never do. They just have an effect on markets depending on liquidity.

If he raises rates a quarter point and the market doesn't want it, guess what? If I were him, I would just stand pat. Hey, interest rates have come down. Things are moderating a little bit. We're just letting you know we are going to be vigilant on inflation and we will raise rates if need be very quickly, that's what I would do. I don't think I wouldn't be lowering rates just yet. You know what?

I wouldn't mind if he lowered a quarter point and just said, you know, we're just going to tinker a little bit here. We're not saying we're going to keep doing it. The fact that we have to talk about them nauseates us. Now let's talk about all the bombed out areas in the last two, three weeks. As of this second, I want you to listen carefully. It's just a bounce. And I know the Dow's up 600 and so points in the last two days, but it dropped 2,000 and something.

We know they're bouncing up some of the banks and stuff, but they drop them on there, you know what's. And dropping something 40 points and rallying up 10 remains a downtrend. You got that? Up trends as you rally up 40 points and you pull them back 10. So just be a little bit careful with these areas that are bouncing. We are big believers in the leading stocks, in the leading groups that are showing magnificent relative strength and not the areas that are the caboose. Gold dropped on its head today. And that's normal because gold has been the safer haven.

Mark it up, gold gets hit. my biggest issue with gold right now is typically in big gold bull markets bull markets the stocks will lead the metal and the stocks are woefully underperforming the metal right now and when i mean woefully in a huge way so i'm not so sure about the gold as far as longevity and normally i would say own the stocks but as of right now if you had to own the gold it's the metal. And I'm just noticing, and if you want to get an idea what I mean by that, let's see. I'm looking at Symbol.

First majestic, well, there's a silver. Yeah, they drop one 23% today. That's an outlier. But I'm just noticing some gold stocks dropping a good 5% today. Side B on the careful side there. And the areas, again, that are bouncing here, the energy, the finance. that was getting hit, which was most everything. And as I have said to you, I think it may be a sell-up affair.

You sell them bounces, knowing that we're very news-driven. Unfortunately, webcast tonight will be very narrow. But I must tell you, the narrow had a pretty darn good day today. Some names moved up markedly. Sometimes narrow markets can be fruitful. you just got to be on your toes because it's the broader based good markets that have stang power.

Remember what we tell you about narrow? They're too easy to take down if markets want to be taken down. Broadbase takes a hell of a lot of selling. One day does not make broad base, but we'll take it. Also want to mention, we're in the end of quarter,

window dressing here. We're cognizant of that. Of course, it is illegal to window dress by Wall Street, so it does not happen. Sure. Right. Does not happen. Up next, any other news of the day? We'll think of something. I'm Gary. This is the one only investors edge. 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 accept as normal. A lot of what I see is just like chronic bloating, chronic

stomach aches. Like I get a stomach ache every time that I eat and it just becomes like a lifestyle. where, oh, yeah, you know, I just have a stomach kick 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 IHeartRadio. Listen now wherever you get your podcasts. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh,

or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU. APUS.edu.edu. OnDEC is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 help make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust-pilot reviews.

On-Dec delivers funding you can count on. Apply in minutes at on-deck.com. Depending on certain loan attributes, your business loan may be issued by On-Dec or Celtic Bank. On Deck does not lend in North Dakota. All loans and amount subject to lender approval. You're listening to What are we waiting for? Well, what are you waiting for?

One, two, ready, go. Investors Edge With Gary Culper. And welcome once again to Investors Edge. Thanks for being with us today. I mean it when I say. And we'll be going forward. There's no more important show.

on radio or podcast, there's no more important show. We're amazed when we hear, oh, 8 million people listen to this show. Oh, they're talking about whether they should smoke weed or not. Really? How about your life savings? How about your hard work? How about your job? How about the miseries running the country?

And how about being unbiased about all of it? We take more gruff than most on both sides of the aisle because we rip them both. It's deserved. It's absolutely deserved. In other news today, well, Trump was not indicted today. It looks like it's not going to be for a few more days. I don't know if you notice, but Governor DeSanthrus gave him a zing today. So he'll be announcing he's running for president in the weeks ahead.

And that should be interesting. Of course, Trump is acting like Eddie Haskell from Leave it the Beaver as usual, calling him names. I mean, I don't know what the hell. How is it possible that somebody sane cannot get to Trump and say, would you stop it? And just talk about your policies and what you did? Nope. He's got to call him names. And he's intimating that DeSantis is a pedophile and a sex.

I don't even know what to say. It's like dealing with a nine-year-old. And I want him to change. Ain't going to happen. I know some people that are in the inner circle. They've tried. So it should be fun TV going forward. And I got news for you.

I think odds favorite is going to be Trump against Biden. The flu versus pneumonia. Trump's $6 trillion of debt. lied every day. Biden is going to outdo Trump on debt, lies every day. And boy, Biden's good at lying. The difference is the Washington Post

under Trump and his lies would post his lies every day. They used to do whole pages on it. Biden is the end-all be-all. He's Joe Biden. He doesn't lie. Come on. We love Joe. Yes.

That's your media, by the way, who I believe root canal polls better than our national media these days. So anyway, that's what's going to happen over the next few months. I'm not sure when DeSantis will announce. What are we in March? I think he's got to announce in the next couple of months, right? And I can't wait for debate for Trump. Ron DeSantis, Ron this, Ron that. Yutz.

And by the way, I think he's a very good governor, DeSantis, but he's got to work on a few things also. Leave no doubt. Not looking for perfection, but he's got a few things he's got to work on. What else is going on in this wonderful world of ours these days? Oh, yeah, since I've been asked about it a lot, China, Russia, their meeting. Let me be clear. Be careful about everything you hear on all that. First off, they should arrest Putin for war crimes.

That's number one. They should string his ass up, war crimes, any way, shape, or form. As far as China, the dictator commune is there. Nothing you can do. They can probably get him on. You know, there's a million Uyghurs that are, You know, in internment camps right now, I would suggest that's not good, right? They have jailed people that just had dissent against the government in Hong Kong.

That's not good. The problem is how do you negotiate with these people? Control-free dictators. Murderous pieces of crap. They're meeting with each other and kissing each other's communist butts. How do you negotiate with them? Don't know. There's a good question today about, I saw Neil Cavuto asked about trade.

You know, we're big trading partners with China while the politicians are screaming bloody murder on China. How many people in China, 1.5 billion or something like that? What do you do about that? You can't cut it off, right? And that's the issue. China knows that. They know it from their end and we know it from our end. Right? I must tell you, I always say to you on this show, if I was president, this is what I would do. I still would have to formulate what I would do about China going forward. What's the line, darned if you do, darned if you don't? We're dealing with that right now. The mortgage debt market, let me bore you a little bit. There's some fear in it. Eight trillion dollar mortgage debt market. There's worry about it.

after the Silicon Valley Bank collapse. Guess what I'm watching for your kids? Mortgages, mortgage-backed securities. Remember, that's what killed the Golden Goose back in 2008. When they decided to leverage a bunch of it saying that housing prices never go down, you remember, that's what, oh, that's right, that's what Janet Yellen and Ben Bernanke said.

And Hank Paulson, our Treasury Secretary back then. So we're just letting you know, I'm watching that for you. And I can promise you. I'm pretty sure if all hell breaks loose, we can be in front of it for you because we'll be watching one thing more than anybody else will be watching.

They'll be listening to pundits. We'll watch stock price. That First Republic is down at 15 bucks. It's down 50% from when they announced the save of First Republic. More that? Well, again, to be watched. Tomorrow, TV, I'm not sure.

But we will be back same time for radio. So you have a great evening drive carefully. When you get home, do like we do. Quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better.

I promise. We'll have another big webcast tonight. You want to join Convictionleaders.com. One month free because we're so benevolent. Have a good night, everybody. Thanks for joining. Peace out. Bye-bye. This has been Investor's 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 GaryK.com. The world isn't getting any calmer. Economic instability, global conflicts, and record national debt have created an environment where financial uncertainty is a part of everyday life. And while none of us can control those forces, We can control how prepared we are for them. Market swings are hitting retirement accounts and savings harder than ever,

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