Investor's Edge with Gary Kaltbaum - Correction over? [01.08.2024]

Episode Date: January 8, 2024

https://garykaltbaum.com/...

Transcript
Discussion (0)
Starting point is 00:00:00 At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at CVS.com or just come by your food. store. We can't wait to meet you. Store hours vary by location. 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 Colbom,
Starting point is 00:00:49 your host. A thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's January, I know it's a Monday. It's January 8th. Thank you. 2024, hey, hope you had a good weekend. As you know, there are shows about making your money, you know, there are shows about markets, there shows where pundits come on and tell you where things are going to be a year from now, even though we all know they have no clue because we have no clue. there's no way of knowing there's too many variables all we want to do is be able to get the trends right we've been able to show you time and time again if you just stay with the up
Starting point is 00:01:41 trends ignore the downtrends you're going to be in great great shape if you're able to avoid the bare markets you are way ahead of the world on and on and on we've talked about it disgust it, which leads me to my next point, and we're getting right into it, and we'll do the pleasantries in a little bit. We're very, very careful of our words. We're very, very careful how we go about things here. We are in recognition that people don't necessarily listen to the show every day. So if we say something on Monday and something changes Tuesday, and believe me, you do have to understand things change. When we interview clients or prospective clients, it's not just them interviewing us, we interview them. And one of the things we always say and ask,
Starting point is 00:03:11 if we bought something on Monday and sold it on Tuesday with a 10 cent loss or gain, are you okay with it. And that goes against what most of my industry does. And we're not indicting them. We're not putting them down. Most of my industry will be fully invested come hell or high water. We don't do that. We work hard enough to the point where we think if we just stay in gear with markets and be ahead with markets will be okay. But every now and then things show up. Every now and then some specific things really show up. Every now and then we can be so darn specific with you because we're so sure of things that we put quite the more emphasis. From July to end of October, 80% of the market in downtrends. November 1st, the potential confirmation that the market's
Starting point is 00:04:39 turning, and it turned out that way. In the last week, little tops in place, nothing long-term. We use the term short-term. We'll see how it plays out with, and January is a pain in the rear. And then we can go back to 21. everything topping out. But I want to bring up Friday. And I'm bringing it up because every now and then, every now and then, something sets up so well that I have to do a little bit more
Starting point is 00:05:28 here on this radio show for people I've never met across the world. I remember in 2013, at the end of the year, I was in Hawaii, took my family to Hawaii. Been there like 12 times. And we were on Oahu, Waikiki Beach. We were staying at the Hilton into the new year. And I remember coming on the show. and stating, this is one of the best-looking market breakouts I have seen in a very long time. It does not happen often.
Starting point is 00:06:18 And what did we mean by that at the time? The indices were setting up so perfectly. They were going to this range-bound action, and all they needed to do is make a move on the first day of the new year. Boom, big breakout for a few months, and we were off to the races. does not happen so often. When we called the November 1st confirmation low, we didn't know. We weren't really sure.
Starting point is 00:06:50 We knew the characteristic of that day, but we always use the word, oh, we need some cards coming out of the deck. And it just so happened, and I can promise you, there have been confirmation days that have not worked. Thus, when we tell you, confirmation days. Every bullish phase has started with one, but not every one led to one,
Starting point is 00:07:14 which takes me to Friday. I did something I don't often do because it does not often happen. And that is the most important stock in the market. I believe, used to be Apple. I think and Vidia has taken over to a certain extent. And on Friday, we came on the show, and my peeps already knew this because it's been going on for a while. We came on to the show and said to you, we're just letting you know, this is the best freaking looking setup I've seen.
Starting point is 00:07:55 And a move above 506 would be a six to seven-month breakout. And the longer the range-bound action, the better the move, and that if it does break out, it could help the rest of the market, and that it had tightened up near the highs, meaning if you go look at a chart of NVIDIA, symbol NVDA, you'll notice that it hit 403 times in August, September, and end of October, early November. That's when it bottomed. You will also notice it went to 502 in August. It went to 505 in November. It went to 505 in November went to 504 in early December and could not get through. But after the lows of 400, the recent low was only 450. So a higher low. The pullback of the last few days was into the 50-day
Starting point is 00:08:59 moving average. The setup was there. And we told you under no certain terms, a move above. And we'd like to see some volume. It was up $31.00. 56 today to $522. $53 up 6.43% on
Starting point is 00:09:26 54% better volume. Now let me give you one heck of a disclaimer. I have no idea if tonight Netflix preannounces a bad earnings number.
Starting point is 00:09:42 I have no idea if we wake up in the morning and one of of their chips don't work. I have no idea if bad news comes out. But when we see an outlier setup, they usually work and work well. And video was a classic six to seven month range bound breakout on volume of what probably is the number one stock in tech these days. And I got asked, why didn't do anything for six to seven months? Well, because it had a big move for six to seven months off of the bare market low.
Starting point is 00:10:27 And all we've seen over the last few months, it was just digesting it. So let me repeat, I have no idea about tomorrow. I'm just letting you know your handsome and buffed host eyes. so far working very well once again and guess what the market did today the technology market that had a nascent pullback tops in place in the last week or two couple of weeks what do you think it did when the number one stock in tech broke out a range on volume NASDAQ up 319 NASDAQ 100 up 343. Semiconductor index up 129. There's your answer. Up next, we'll do more of this. I'm Gary. This is the one only Investor's Edge. Hi, I'm Gary Kallbaum, hosted a nationally syndicated radio show
Starting point is 00:11:40 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. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-22.
Starting point is 00:12:21 5559. That's 888, 422, 52559. That's 888, 422 5559. Investment advisory services offered through call bomb capital management. Every day, the headlines shift, but the uncertainty never seems to fade. From rising geopolitical tensions to record U.S. debt and ongoing debates about inflation and money printing, Americans are watching economic forces that feel far beyond their control, and for many, that instability is showing up in retirement accounts, personal savings, and long-term financial plans. More people are taking a closer look at options that don't depend on Wall Street. Physical gold and silver have been used for generations as real, tangible assets during unpredictable moments like these.
Starting point is 00:13:07 They're not about replacing existing investments, they're about adding a layer of diversification that has historically helped provide balance during volatile periods. Preserve gold focuses on education, giving everyday American straightforward information about how precious metals can fit into a retirement strategy, including options to hold them inside an IRA. To get your free wealth protection guide, text IHeart to 50505. And with a qualified purchase, you could receive up to $15,000 in free gold or silver. Text IHeart to 50505 today. 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.
Starting point is 00:13:53 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. One sweet, melty bite of a Hershey's bar and suddenly I'm right back sitting on the front porch with my grandmother on a slow. Summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece.
Starting point is 00:14:21 I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low... Listen. So we sat there. Listening. That was the first time I learned that quiet can feel full.
Starting point is 00:14:36 Hershey's. It's your happy place. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this is a good. promises to be fun. Investors Edge.
Starting point is 00:14:51 The last bastion of quality programming. With Gary called Bomb. It doesn't get better than this. And welcome once again to Investors Edge. And as we said on Friday, and we'll say it again, we're not telling you to buy it, sell it, short it, or cover it. What we do here is just try to tell you the characteristics of bull and bear markets, uptrends and downtrends,
Starting point is 00:15:34 and I think I should add something to that, launching pads. What we look for are launching pads that turn into good uptrends. And launching pads come in different shapes and sizes. Sometimes there are pain in the rear, and then sometimes like and very, video so far. And remember, we don't pat ourselves on the back. We do not take our eyes off the ball. We keep focus because you never know. You don't know if it's going to work.
Starting point is 00:16:20 You just go by what we tell you, photo album for familiar faces. And this one fit that darn good photo album. We're very careful of not really getting into what we're buying. We get. We're We give you an idea what we love or what we like. This one was just an outlier. And we repeat, the market followed. Today, the socks, if I can, was up 3.28%. The software was up 2.76%. That's the IGV.
Starting point is 00:17:07 And our favorite names, software and the like, that helped let me give you another little tidbit we also had a few names that held up best in what was kind of sort of near-term carnage for a lot of technology names software names things like that what do you think names did the best today the ones that held up best when we tell you moving averages it's not for our health, it's because they're Muay Importante. And the stocks that held the 21-day moving average, which is a stronger area than all the way down to the 50, they really pop today. Interesting enough, there weren't many.
Starting point is 00:18:00 Most of them broke below and in between, but the names that held up best, and I really don't want to, but. you with all those names we want you to do the work but one's up 13 to 260 one's up 15 to 246 just looking at a few names one's up seven to a half to 146 and then there's some names that broke below and got back above immediately today all of those are going to be in our eyesight and we'll see how it goes the market was struggling most of the day-to-day. The Dow was down. I think it was down 100 at one time today.
Starting point is 00:18:46 But when tech gets going. Yeah, the Dow today hit 37-249. It was down 200 early. It finished up 217. Oh, and by the way, the Dow, when you have a chance, go look. Hit a load today of 37-249. the 21 day was 37241 do I need the same more it's amazing how this works just pattern recognition and then in software you had good moves in AI you had good AI is going to move if
Starting point is 00:19:32 NVIDE is moving so SMCI was up 27 AVGO up 21 and then in software land I'm just looking at a a bunch of five, sixes and sevens that were down 20 in the last couple of weeks. And then you had some other news like Crocs and sometimes I don't understand things. Crocs was up 17 today to 104.
Starting point is 00:19:59 It had dropped from 110 to 85 in three weeks. And all they did was announced that sales will be up on the year a little bit. What be freaking due? Gee, sales are going to be up a little bit.
Starting point is 00:20:16 But great reaction. Great reaction. Still got a lot of work to do. But sometimes I scratch my head and say, really? You're going up on that? But welcome to our world. The correction, the nascent correction, looks to be over. With probably the number one important stock breaking out of range.
Starting point is 00:20:41 And we'll see what happens tomorrow. I have no idea what happens tomorrow, as we say every day. By the way, on Crocs, we expect fourth quarter, 2,023 revenues to grow over 1% from last year. Our guidance was a decline of 1%. Whoopi do. Whopi do. And revenue growth in 24 of 3 to 5%.
Starting point is 00:21:11 That's a major deceleration. of a companies that revenues that used to grow 20 and 30. But market liked it. And with that, Decker's outdoor went up 32. After it just dropped 70 points in the last three weeks, they are the ugg boots. By the way, I found my ugg boots. They still fit. And you know what they say?
Starting point is 00:21:39 Don't wear socks. They're very furry inside and they say you don't need to wear socks. I'm like, wow. Decker's. And interesting, when I went to visit my goddaughters in North Carolina over Christmas, what do you think they all got? They all got Ugs. So something going on there with the Ugs.
Starting point is 00:22:02 We're not recommending anything. In Big Cap Land, I'm just going to describe for you, Facebook, which started moving off the 21 day on Thursday, up seven today. Amazon, which has been very weak recently, right down to the 50 day, up $3.86, up 2.66%. Google is still rangebound. Microsoft was up six today. Needs to break above 377 and change.
Starting point is 00:22:38 It closed at 374. Apple, very weak, all the way down to long-term moving averages. News has not been good, up 2.4% today. And I don't want to get in the weeds too much. Apple's relative strength hit numbers where it's usually bounced in the past. Saw that over the weekend. I don't want to get too in the weeds. You'll drive you up a wall.
Starting point is 00:23:12 There's this thing called stochastics that I follow every now and then. And Apple's stochastics were way down in the gutter. and it bounces. But that longer term, though, it's going to need to do a lot better going forward. Up next, we'll keep going with some of this. And then we'll wind and complain about other things. I'm Gary. This is the one only investors edge. Volatility is hitting retirement accounts and savings across the country. More Americans are exploring physical gold and silver for added diversification during unpredictable economic periods. Preserve gold offers straightforward education on how precious metals can be included in an IRA.
Starting point is 00:24:01 Text iHeart to 50505 for your free wealth protection guide, and with a qualified purchase, you could receive up to $15,000 in free gold or silver. 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.
Starting point is 00:24:38 Learn more at APU.APUS.edu. One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I opened my mouth to say whatever a nine-year-old wants to say. And she replies with a low, listen. So we sat there, listening. That was the first time I learned that quiet can feel full.
Starting point is 00:25:11 Hershey's, it's your happy place. You're listening to. America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Coltobobob.
Starting point is 00:25:29 It becomes highly recommended. You're going to feel better if you talk to him. Advanced micro devices bounces off the 21-day moving average. Broadcom gets back above it. Booking holdings, the old price line bounces off right around the 21-day moving average. Dell computer gets upgraded. That's a new high. Salesforce.com and the Dow, symbol CRM, gets back above the 21st.1. day moving average and holds the gap supported around 250 from its last earnings report. Crowd strike bounces off the 21 day moving average and goes above it. Arristen Networks bounces off the 21 day. It was up 15 bucks new yearly high on an upgrade today.
Starting point is 00:26:23 Notice how I'm describing things. Just letting you know. And what I do tonight, and I did midday, but I'm sure there's a few more. additions is very simply I go to my little thing that I press on markets, then I press on equity movers, I press on market pulse, I press on HI for high, I go to first the NYS, the NASDAQ, and notice the first thing is Nvidia at a new yearly high on the NASDAQ. And then amazingly, and I saw this earlier. Just a bunch of small biotechs. But then I see, get this, I see host hotels and Marriott, two hotel stocks at New Yearly Highs. And by the way, they trade on the NASDAQ. And then I see
Starting point is 00:27:25 Amgen. I mentioned Amgen last week as a Dow stock at New Highs. Numbers not that great, but some of the big biotech's been acting well. Then I see Vertex Pharmaceuticals, VRTX. And then I'm going down the list and I'm seeing, believe it or not, nothing else on the NASDAQ. I see a Pilgrim's Pride. That's food. Trades on the NASDAQ. That's it.
Starting point is 00:27:55 There's probably about 60 or 70 stocks on the NASDAQ, New Yearly highs. but I've got symbol CLRB. It's a new yearly high biotech with no sales. Couldn't give a crap about it. So we know that the NASDAX had some trouble. And you know what we're going to be doing now. If today was the real low, guess what we're going to be doing? We're going to be paying attention to everything coming through highs.
Starting point is 00:28:29 Why? Because strength begets strength. This is what we know. And we're actually stunned. We can't find anything else on the NASDAQ at New Yearly Highs. But then again, we scanned 2,000 stocks early in the day. 1,500 to 2,000. Oh, Casey's General Store is also at New Yearly High.
Starting point is 00:28:50 And, yeah, it's just a bunch of recovery. I mean, some stocks got hitting the teeth a little bit. So then I go over to the New York Stock Exchange, and I know I'm going to find more. I definitely know. Dell's on the New York There you go The Bank of New York There's New Yearly
Starting point is 00:29:11 Highs Deutsche Bank Jeffries There's three Financial names There's that Arristen Networks I don't even know that
Starting point is 00:29:23 traded on the New York I have the XLF which is the ETF for big banks Duh I've got American Eagle Outfitters I have Teelea
Starting point is 00:29:33 pharmaceuticals. I have synchrony financial, another financial stock. This is how we roll. And we'll go through it, and we'll go through it, and we'll go through it, and we'll go through it. And we're going to own leadership. Abercrombie and Fitch, another new
Starting point is 00:29:49 yearly high. Stocks are amazing. The XLV, which is the medical ETF, Glaxo, GSC, you know, we had better action in the drug stocks. That's new yearly high. But you know what? I'm
Starting point is 00:30:03 already running out of names, which is quite amazing. You know what it tells us? It thrills me, because it tells me if we get going again, I'm going to be ready on all these new highs. And just remember, don't be afraid of new highs. They're there for a reason. Buy high and sell higher. And by the way, we're buying things that are emerging. We're not buying things that are already up 30%. Launching pads. ladies and gentlemen. Now, where was trouble today, the oils? We have been telling you to avoid the oils.
Starting point is 00:30:42 They remain in their bearish phase, except pipelines, even they came in. Shippers have been strong, but they came in, and guess what the story was? As we explained, the worry is if you own shippers, if they have a resolution in the Red Sea with these hooty rebels, then the shipping lanes open again,
Starting point is 00:31:04 and prices come down. Guess what? They're signing some deal and everything's going to be better. So the shippers came down. We just to avoid that whole complex. But bottom line today, semiconductors. Financials were very weak early, came on at the end of the day. The Dow was down almost 200, finishes up 200, holds the 21 day moving average. And then you had the big matzo ball and we hope it sticks. We want you to remember. When something launches, it's not guaranteed to work. We just hope, but we know by the hard work that we do and the recognition of markets. And we had no idea. We had no idea that it would break out today the day after we yapped to you about it. We thought there was an eventuality.
Starting point is 00:32:16 It sure was. And we'll see what Tamara brings. And may I repeat again? There's no guarantees. And we're not telling you to buy it, sell it shorter to cover it. We're just letting you know what we're seeing. It is your money. It is your job to decide on what you want to do with what you do.
Starting point is 00:32:42 And that is all. Quite the day today. I got lots of work to do tonight. I can tell you that. And man, oh man, I sure hope we can find more that look like that. but there really isn't any at this juncture. No flatness and then breakouts, ascending and then kind of moving forward.
Starting point is 00:33:08 That's what was mostly seeing. And that is all. Wicked, baby. That's all I can tell you, wickedness. And remember, we've been telling you market near term. It changed today as the number one. stock. We believe in tech. Did the trick.
Starting point is 00:33:32 We would love now some backing and filling. Some sitting around, some hanging out. But again, we have no clue what's going to happen tomorrow. Wish we did. Wish we had
Starting point is 00:33:47 next week's newspaper today like Barbara Eden gave to Roger Healy and I Dream a Jeannie. And he went to the horse track. Heck, I just play. the market if you have any questions. You may email me at garyk.com. And as we've been offering, we're going to offer, we're going to mention a couple more times. We have this great webcast that defines up trends and down trends, tops and bottoms, bull and bear markets with moving averages
Starting point is 00:34:18 and exactly what they look like. The only way to get is you've got to donate to the boys and girls clubs of central Florida and we were very nice. We should have made it 50 bucks minimum. We made it 20. but if you want to give 50 go ahead if you want to give a lot go ahead it's a great organization you go to bccf org donate email me that you donated and we'll send you to webcast it's about an hour long and may i state for the record there's no more important webcast than that by the way i mean that because they tell us it doesn't work. We love those people. It doesn't work.
Starting point is 00:35:14 You know what my favorite people are? The ones that blast the billionaires. They're my favorites. I still remember when Warren Buffett had a couple of bad years. The guy's worth $50 billion, and I'm watching people putting them down. What a bunch of jackasses. Unbelievable.
Starting point is 00:35:37 I see people putting down. Elon Musk because, and let me be clear, the dude's a little out there. Reminds me a Kramer from Seinfeld. How do you put down a guy that's been so successful? And sends rockets up. Up next, news of the day. I'm Gary. This is the one only investor's edge. If you've been following the news, you know the world is dealing with a level of uncertainty that isn't going away anytime soon. Inflation pressures, global tensions, and the highest US debt levels on record continue to influence markets day after day, and the result is familiar to anyone checking their retirement balances or savings accounts. Volatility has become the norm.
Starting point is 00:36:37 In times like these, people often look for ways to strengthen their financial foundation. Physical gold and silver have served that purpose throughout history. They're real assets that exist outside the digital and financial systems that tend to fluctuate during economic stress. They're not a guarantee and they're not a shortcut to wealth, but they can offer diversification when things feel unpredictable. Preserve gold is committed to helping Americans understand their options with simple educational information, including how precious metals can be held in an IRA.
Starting point is 00:37:05 For your free wealth protection guide, text IHeart to 505.05. And with a qualified purchase, you could receive up to $15,000 in free gold or silver. Don't wait. Text IHeart to 50505. Success starts with your drive, and American Public University is here to fuel it.
Starting point is 00:37:24 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. One sweet, melty bite of a Hershey's bar and suddenly I'm right back sitting on the front porch with my grandmother on a slow. Summer afternoon. She doesn't say much, just breaks the bar in half
Starting point is 00:38:00 and hands me a piece. I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low... Listen. So we sat there. Listening. That was the first time I learned
Starting point is 00:38:14 that quiet can feel full. Hershey's. It's your happy place. You're listening to... What are we waiting for? Well, what are you waiting for? One, two, ready, go.
Starting point is 00:38:28 Action In The Gester's Edge With Gary Kaltba Well, whining complaining time The Iowa caucuses, I think's in a week That's number one Joe Biden is now on the campaign trail That's number two
Starting point is 00:39:13 Donald Trump Making fun of John McCain again And his injuries again And of course his defenders say, no, he wasn't making fun. Yeah, just because he was talking about he can't move his arm. Remember, Trump was the guy that said John McCain wasn't a hero because he was caught. I will guarantee you if what happened to John McCain, Trump wouldn't have lasted three minutes.
Starting point is 00:39:46 I know a wimp when I see one. But I don't want to talk more about Trump today. ripping him enough. Let's do Joe Biden today because he is the president and just nauseates the hell out of me. And the reason is he's been given a pass. See, Trump nauseates me, but he's not given a pass. Joe Biden is in that, you know, that certain party that the media kisses the butt of so nobody can do anything wrong. Right? Joe Biden is in that, you know, that certain party that the media kisses the butt of. Joe Biden today on the campaign again was making Trump look like a truth teller with his lies
Starting point is 00:40:29 and I can't we're going to get one of them for another four years the hope is either one will be kaput day one you know what they call they call that lame duck just remember Trump will only have four more years if he wins same with Biden and the hope is whoever wins the other party can stop them from their nut jobness oh but Gary Trump this Trump yeah eight trillion of debt later oh but Gary but he had to spend on
Starting point is 00:41:07 COVID no no I'm talking about the debt before COVID but I can go on and on so Biden's out today the lie again I cut child poverty in half I can't tell tell you how much that pisses me off. And let me explain why. I am not staff of the boys and girls clubs of Central Florida that serve about 13,000 kids. I believe that's about the number. In 35 different clubs, something like that, you can correct, I'm off a little bit on the on the amounts, but pretty damn bit. And a lot of these kids, not all, are in tough situations. one parent, financially not great. Yet Joe Biden has the grapefruits to say he cut child poverty in half.
Starting point is 00:42:10 Do you know why he says it? Because he gave a tax credit. He gave a tax credit. That's why he said it. I gave a tax credit. And I guess in government, their BS stats say, oh, that tax credit took certain things above the poverty line. Joe Biden's an ass clown, and I would say it to his face for saying that.
Starting point is 00:42:38 Children do not come out of their poverty because of a check. And I can't begin to tell you how the head wins. He provides when he says that. I'm not staff of the Boys and Girls Club of Central Florida. I'm not there every day working with these kids. I go on occasion to the clubs, and I'm there just visiting for 15. minutes or a half hour, just saying hi. I'm a nothing compared to the staff of these clubs that work their tails off, mentoring, teaching, helping, talking to in order to make these kids
Starting point is 00:43:18 feel important, in order to have these kids work hard, educate, find good mentors, and become great, and get themselves out of the downward spiral of family poverty. poverty to the point where our statistics are magnificent, not because of a tax credit, but the hard work of the staff of these clubs. And this is all around the nation. And the stats are amazing of how many kids the percentages are that graduate, go to college, become something, get out of poverty, not because of a tax credit. And that's why a pisses is. me off so much when he says that. And nobody calls him on it. I don't need to talk about all the other lies he said today. On inflation. Remember, when there was inflation, it was the Putin price hike.
Starting point is 00:44:22 When inflation comes down, oh, it's because of me. And I know he's a politician, but aren't you sick and tired of it? Aren't you just so sick and tired of bull crap? aren't you so sick and tired of what they continue to throw at us while with 34 trillion of debt one trillion dollars of our taxpayer dollars each year going towards interest when it's supposed to go towards the elderly the infirmed the children the streets the roads the bridges the grid and he's trying to tell us he'd cut child poverty in half he's so lucky i'm not interviewing him he's so lucky I didn't run
Starting point is 00:45:05 I'd be cutting him off at his knees on all his BS and I would turn him into a stumbling, mumbling, bumbling fool trying to answer my facts so as I said to you one of these two will be president we will compliment
Starting point is 00:45:33 when they do well we will royally rip them when they don't if they're corrupt we will blast them it's just so demoralizing ladies and gentlemen that these we have 350 million people in this country right take away the kids what is it 200 million adults 250 this is what we're down to i don't even know what to say on that happy note you'll have a great evening drive carefully when you get home do like we do make sure you hug your children they will feel better you will feel better i promise
Starting point is 00:46:16 Don't forget if you want to get that webcast, BGCCF.org, email me at garykate.com. We'll rifle it off to you. Until tomorrow, peace out, all. Thanks for joining. Appreciate your time. Bye, 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 garyk.com.
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