Investor's Edge with Gary Kaltbaum - Counter Trend Over.

Episode Date: June 28, 2022

More Info At: http://garykaltbaum.comMore

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Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host day. Thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Tuesday. It's June 28, 2000. 22 and we are here emanating from the Porto of Montenegro.

Yes, we're on holiday right now. As we told you, we are traveling. But as you know, we are traveling workers. We do not miss a beat. We bring three screens with us. They travel very easily with us and able to stay on top of markets at all periods of time. The market opens here at three. 330, their time closes at 10 p.m. Currently right now, it's just about 10 p.m. here, while in Florida,

it's 4 p.m. And if you're in California, it is 1 o'clock there. I started out just to give you an idea why I work as hard as I do. On Saturday, I went to see the Rolling Stones in Hyde Park. I think it was about 150,000 people there. Let's see, Adam did the show yesterday. and we thank Adam for doing a great show. I listened back just great information, great education. And while in Hyde Park, six people just went unconscious from drinking too much. They were all three men in their 60s, three feet away from me. They kept bumping into people threatening fights, and they just went away.

I think they probably each had 50 drinks. Nobody stopped them. And the paramedics came. hopefully they were okay. So we went to see the Rolling Stones. Mick Jagger at 78 was running around like a 21-year-old. And it was just a great show on Sunday night. Was it Sunday night?

Yeah. Went to see the Eagles at High Park. And that was, listen, one of my all-time favorites is Glenn Frye who passed away. And he passed away. I'm told of Crohn's disease. in case my whole lot of my family at crone's disease and it can get real bad and I'm told he had complications from it you can go look up Crohn's disease a lot of people don't know about it but Glenn Frye was not there but his son Deacon came on and sang some of this magnificent job of Vince Gill also took Glenn Fry's place in some of Glenn Fry's front songs but that was great but also the of drinking. There was about, let's see.

So I'm at the section near the stage, but I didn't want to go too close. I stayed behind and it was fine with me. And people started beating the crap out of each other. They were just drunk like anything. And then those people ran into other people who got into the fight, who ran into other people got into a fight. And about five feet away from me were a bunch of drunks.

Some of them were women. You know who was beating the crap out of? most of the people? The women. And a lot of blood bottles being cracked and the security got there finally. One of the security guards got beat up and finally they were all taken away. I don't know what happened to them. But man, oh man, dudes, duets out there. Everything in moderation. You got that? That's what I taught my sons. It's okay to drink in moderation. moderation. Never get yourself out of control where you don't know what's going on.

And these people, they were out of control. It's crazy. But I had a blast. Flew to Montenegro. If you've never been to the Bay of Kotar, K-O-T-O-R, Montenegro, just magnificent, beautiful, I can't say enough. Tomorrow we drive to Dubrovna, Croatia. And we end up in London, back in London on Friday, Wimbledon Saturday and Sunday.

So I'm a happy guy, I must say. Hope you don't mind me telling you. Got to live life to his fullest. You got to enjoy whatever experiences you can. Because as I have told you many a time when the day is over, you can never get it back. So just the word to the wise. Enjoy yourself. You got that?

That's our trip. But more importantly, so look, we're very serious about what we do here, especially when you have serious bear markets. When we rip the stuffings out of our central bank, we're serious about it. When we rip the stuffings out of the people running this country on both sides of the aisle, we're serious about this. We think they've done a lot of damage. You don't need me to tell you that, right? I'm not talking about what just happened with abortion. I'm talking about 30 trillion of debt. I'm talking about printing $9 trillion. I'm talking about trying to control the citizenry by giving handout after handout.

Instead of incentivizing success, you incentivize, hang out on the couch, we'll take care of you. And I mean when I say that, when I tell you, I've never been more optimistic about us, but never been more pessimistic about them. I mean that. when I tell you how corrupt they are and how much they lie, I mean that. And I never had to talk about them this way. But they've interfered with us in so many ways that have heard us and continue to this day. So we're dead serious about it. When we tell you for years, they went to zero percent and screwed every saver and distorted all price and yield,

created bubbles beyond the beyond to the acceptance where, get this, a coin made up out of thin air, you got to get in, and it becomes mainstream? We told you two years ago, our quote, 90% of the coins will drop 90% or more with Mosco and a zero. It is exactly what has happened. when we told you marijuana stocks and 3D stocks and SPACs were all bubbles that were going to be destroyed. It all happened. When we told you that somebody paid 18 grand for an invisible sculpture, we worried. When we told you those mean stocks would do a round trip, it happened.

But none of that upside could happen without. the interference of a select few people with ego the size of, I can't even use the word, that played God with markets and continue to this day to think they're God. I'm going to quote what one moron said today. So we worry. They don't leave you or I alone. They interfere with us every day. And these are people that have never waited a table, bust a table, drove a bus, drove a taxi, worked in 90-degree weather putting a roof on, mowed the lawn, worked at a subway.

They've worked in government their whole life. And they think they're God. They're egomaniacs. Some of the quotes out of them today. about how they're going to get inflation down and the economy to do this. We have a $20 trillion economy and you have a select few people thinking they're going to control it. They can't. They're egomaniacs that think they're God.

And that's why we worry. There's no accountability. There's no oversight. Nobody to answer to. Oh, they go on to Capitol Hill to get asked questions by the people that brought us of 30 trillion of debt feel better now? So we worry. Created the greatest wealth inequality in the history of the world. So we worry. Created inflation. When it hit, they said it wasn't. When it made itself felt, they said it was transitory. When it worsened, they said, oops. So we worry.

It's not hard to figure out. We take no joy in this, but we must keep mentioning it because it's your money. And if you have not listened to us, you've lost a hell of a lot. So we'll keep talking. And we'll keep working hard at this. Protecting capital. When the masses say otherwise. Up next today.

Interesting day. I'm Gary. This is the one on the investor's edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed.

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That's 8-8-5-59. That's 888-4-22-55-59. Investment advisory services offered through call-bomb Capital, management. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy. The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections, like Healthy Choice Simply Steamers grilled chicken and broccoli Alfredo. It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy Choice Simply Steamers.

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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 it. better than this. Okay.

What have we said to you on this rally up? Because the Dow just rallied up, what, 1,600 points before today? Wow. What have we told you? The reason why it rallied up 1,600 points is because we drop 3,600 points in a matter of seven days and to be wary of it. What have we told you? 90% of everything we see is doing something that we call

bearish counter-trend wedges. Wedges, what the hell's a wedge, Gary? Come on. It's simple. Everything we do is based on the patterns the market make, the fear and greed. And what bare markets look like, how they act. And we've told you time and time again, whether it's the year 1920 or 2020, now 2022. Fear and greed, those emotions are the same as 100 years ago. Just things are a little bit different now, right?

There's a lot more money out there. It's faster. Social media. Television. But when all is said and done, I'm telling you, I'm seeing the same patterns in this bear market as I saw in the bare market of 100 years ago. How do you know about the bear market 100 years ago? My software goes back to the beginning of the market started. And as we've told you, it's just looking at a photo album of familiar faces.

And man, oh man, what have we said to you? This one's been classic. And we've warned you time and time again. Time and time again that these rallies have been suspect. And these rallies just look like the two steps up from the four steps down. and that bottoms in markets do not happen in a moment. It's a long process, but you first have to go to the low and test that low and test that low and test that low and test that low and hold that low and then finally move off of it and hold and then slowly ascend. And we haven't seen any of that except what area?

We've told you, China stocks, which you're not 100% sure of, but so far so good. but we also have to ask do we really trust the Chinese government to not go after these companies again? But I digress. Bare market rallies are not easy. Why? Belief. Everybody wants to believe the bare market's over. And what bare market rallies do is give belief and give hope.

But you know what else they do? when all said and done, they give the hook. You know what the hook is? The hook is getting as many people as possible to have that belief, that hope. And the market today opened up and rammed right up. Dow up 400, NASDAQ up 100 and something. And then when it was only up 200 and the NASDAQ only up 40 or 50, I had a right.

If this thing reverses fully today, it would be the great what we call suck-in. That's S-U-C-K. Meaning, wow, look at this. Good market open. Yeah, yeah, yeah. Well, after the market was up 400 early, the Dow. Today's market wrap brought to you by Investment-Dashmodels.com. That's Jim Rohraback, one of the great market timers.

No gray areas with the man you're either in or out of the market. is proprietary indicators, go check it out. Investment dash models.com. Doubt finished down. 491. 900 points. 900 points. Reversal to the downside.

What have we taught you about reversals in bare markets? It's not good. It tells you the institutions are big sellers again at a not a good moment. The bare market continues. And now we have to see where the selling abates. You know, when we say maybe we'll get some upside testing, probably get some downside testing here. But we're pretty much above the lows. The Dow finished at 30,000, 946 today. It was just at 29653, so it's still up 1,300 off the lows. Of course, it's still down 2,300 off the highs. They're just recent highs. And we don't have to dive deep. Just 90% of everything we follow

had these bearish wedges. They fell off these wedges today. Now we start have to measure, we have to start measuring now where they want to take this. Does it go into another free for all selling again? No. I have no idea about tomorrow. The main trend, the big picture, remains troublesome. And today showed its face again. And I saw no news that was earth-shaking.

that would account for almost thousand point reversal in the down. Heard nothing new. It's just the process. S&P down 78, NASDAQ down 343 today. I do believe it was up, I think, probably 120 early. Somewhere in there. Let's see, it hit 11635. So we're talking 400.

Yeah, it was up about 110 at one time. and the selling refused to abate all day. NASDAQ 100 down 370, the socks down 71, transports 233, advanced decline were not good, hardly any new highs. What was up today, oils, but they're just bouncing after getting trashed. Some of the commodities were up, but after that, not much to tell you. Mega Cap Tech, yeeks. Up next. What else happened today that worries me?

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 U.S. 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. 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.

For 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. Don't wait. Text iHeart to 50505. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy. The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections.

like Healthy Choice Simply Steamers grilled chicken and broccoli Alfredo. It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy Choice Simply Steamers. What having it all tastes like. With the power and endurance of Toyota trucks, you can go to the most incredible places, like this valley where the echo does different voices. Hello!

We know what we're made of, Toyota Trucks. We're listening to. America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Coltbaum.

It comes highly recommended. You're going to feel better if you talk to him. Okay. So I would like you to listen carefully to what I'm about to say. So the announcement this morning that had financial stocks better, which had the juices flowing early, was that our Federal Reserve, You know those people that are zero for a hundred on their predictions. Cause the inflation. Big cause, not 100%, but big.

And interesting, some of the big muckie mucks are now saying it, agreeing with us that we told you two years ago about. When the inflation started showing itself, idiots like me were yelling about it. They didn't see it. when it showed itself more they told you not to worry about it while we told you you better worry about it

because once it gets going it gets going when it worsened they said it's transitory we told you it wasn't transitory that their butlers

must be buying their food and their drivers of their betleys must be filling up the gas tank. It was intransitory. We urged them, they better start acting. They sat there picking their nose. Not until it got real bad that they finally taken, dragging, kicking and screaming, started to act. But too late. As of today, they're still way behind. These same people are the ones that put together the stress tests for the bank, banking system. Stress tests are supposed to be, what if this happens, are they capitalized enough?

Now, mind you, these are the same central bankers that caused 08 and then had us, the taxpayer, give $800 billion to these same bankers, these crooks, who are still in business making billions off our asses, we're supposed to believe these same central bankers who were in bed with these banks that they passed all the stress tests. Guess what we're telling you? We have been right about everything. Horse crap.

They put together tests that are meaningless. Why? Let me tell you why. One of the Fed heads today, Williams, I don't even know his first name, couldn't give a crap. Just another miserable failure. This is what he says. Markets are functioning well. This is a guy who's putting up a stress test for banks. Markets are functioning well. Markets are functioning well. Let's see. Let's see if they're functioning well. The SPACs and outcome of their easy money. Crushed. The coins. Crushed. 3D stock bubble. Crushed.

When we mean crushed 70, 80, 90%. The meme stocks crushed, 70, 90%. The NASDAQ. A few weeks ago, 6% of the NASDAQ was down 90%, 22% was down 75% and 50% and 50% were down 50%. Markets are functioning well. Junk bonds. Crushed.

Bond funds. Crushed. Crushed. Crushed. A slew of growth stocks. High beta. 50% to 70%. I can continue.

But I'll stop. Crushed. So the guy who's, part of giving stress tests to the bank, things the markets are functioning well, and we're supposed to believe, we're supposed to believe that these stress tests are real? Your handsome and buffed host tells you they're full of crap. That's why the market got juiced early today. Don't know why it's sold off, but these are our worries. You do know what the central bank told us in 07 and 08. If you don't, I'm about to tell you. They told us subprime lending was

fine. That technology has shown that the subprime lending industry knows what they're doing. They said housing never goes down. They said the economy was in great shape. They said the financial system was just fine. They are supposed to oversee the financial system and we find out after the fact that a bunch of these funds were 10, 15, 20 times leverage. Companies like Goldman Sachs, companies like Goldman Sachs created products, mortgage-backed securities that they admitted was pieces of crap, sold them. and then shorted them, betting on them going down. Yet we're supposed to believe these same central bankers have a hold of things.

These people that continue to play God with markets, they said today they're going to get the economy in shape and inflation down. When they didn't know they created inflation in the first place. By the way, not one of them admits that they were part of the cause. we think they're about 80% of the cause and we called it up front our worries and then when you have look at our politicians

we find out today Trump was going to go to the Capitol and was kicking and screaming about going to the Capitol January 6th Joe Biden I don't think Joe Biden

I don't think Joe Biden know what they what they is is we found out today that he lied about what he knew about hunter Biden and getting all kinds of millions of dollars influence peddling with other countries we find that out today one on one side of the aisle the other on the other side my worries under trump seven trillion of debt oh but he's conservative my ass joe Biden my goodness gracious doing the opposite of everything logical. So we worry. And as we've said, we take no joy in any of this.

I'd rather be on here praising the heck out of our leaders and telling you how wonderful they are. What did I read today from here? 40 or 50 migrants dead in the back of a trailer in a hundred and some degree heat? with Joe Biden's ridiculous policy on the border, which I'm not even sure there is one, so I worry for you and for me and my kids. Besides what the market's doing right now, and remember, everything I'm telling you is just straight on fact.

I don't need any opinions. We have 30 trillion of debt. We had $9 trillion of printed money. We had 0% interest rates. They were wrong on everything. trying to play catch up and they don't shut up and they're still trying to control a 20 trillion economy a multi-trillion dollar market and they can't they have found out to be exactly what I told you they were easy money dolts that all they knew what to do all they knew is creating another

credit card with a higher credit limit to pay for the last one that's all they are we'll keep fingers crossed, but we see nobody on horizon that's going to do anything about this. Nobody. Nobody. So the markets, maybe the markets finally said enough. 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 U.S. 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.

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. For 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. Don't wait. Text IHeart to 50505. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy.

The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections, like Healthy Choice Simply Steamers' grilled chicken and broccoli Alfredo. It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy Choice Simply Steamers. What having it all tastes like. Online reviews say I'm steep, rocky, and a difficult trail. Next time I'm going to say, not if you're driving a Toyota truck.

We know what we're doing. we're made of. Toyota trucks. We're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Gester's Edge.

With Gary Culper. So, what I'm going to do is read to you some quotes. I think I've explained everything on the markets already. Just a very rough day. And, you know, we don't really market ourselves. You know that, right? We never talk about our money management. Recently, we've been doing a little bit more on our convictionleaders.com.

We've been begging, almost begging you, get the one month free, check it out. We do these webcasts that show you the roadmap. Keeps you out. We kept everybody out the whole bare market. And the first of the year, the oil's emerging until the recent top. So that's at our website, GaryK.com. And in the bull market, we never mentioned it. But as we've told you, in bare markets, you get no help from Wall Street.

It's at GaryK.com. So let me just read a few things to you to see what the problem is. So imagine this 7, 8, 9 people at the central bank or something like that. Let me read to you what they said. And here's my reaction. One of the Fed heads is named Daily. And I quote, inflation is a serious threat to the economy and the Fed must rein it in. What?

The Fed who's created the inflation must reign it in. Eight people are going to rain in inflation? No, they're not. I'm surprised they can even stand up straight. But they actually believe that, actually said that. He also said things are challenging right now, but they will improve as a result of Fed rate hikes and indications of life and supply chains. Mass layoffs in tech are not only related to slowing the economy.

It's almost like they're wishing for layoffs. It's amazing. Fed's daily. We're tapping on the brakes to slow down to a more sustainable pace. That's a job loss. They're trying to have you lose your jobs. It's amazing. In order to fix things, we have to have less people working.

we will expect weaker growth possibly below 2% but it will not be negative last quarter was negative 1.5% GDP were already this quarter about zero this is what these people god is saying the economy has a lot of momentum he says savings rates have plunged credit card usage has skyrocketed and he's saying this these people are saying this. The Fed can cut demand, which accounts for roughly half of the source of inflation. Demand is bad? They're nuts. These are the most important people on Earth, and they're nuts. They're nuts. A guy named Bullard, the Fed has taken the initial steps towards restoring inflation to target. God has spoken again. To think that they can fix inflation, this gigantic monolith with a few moves and interest rates. They're nuts. I weep.

And by the way, they don't shut up. And then you got this Fed's Williams today. Markets have functioned well. I'm not seeing sign of a taper tantrum. What? I just read to you what stocks have done. I don't even know what to tell you. I don't know what to tell you.

I don't know what to tell you. And of course, his other quote, we are watching effects of tightening financial conditions while the other guy said everything's fine. They're watching tightening financial conditions. You know what that means? If things really get bad, they're going to do something else. But you know what?

You've all had an ex-girlfriend or ex-boyfriend, right? Remember when they broke up with you? There was nothing you can do. They didn't want to hear from you anymore. They didn't listen to you anymore. go away don't call me anymore you remember that right it's happened to all of us the market to the fed is every ex-girlfriend and every ex-boyfriend right now the fed can say anything do anything the market doesn't give a crap don't call me don't send me any more card than presents these are our

worries and they're valid because they don't shut up they've been wrong about everything And somehow, no accountability and no oversight to do whatever they want to do, whatever they want to do it. And of course, the media and the press conferences refuse to get tough on them because they don't want to lose their position in that little room. Remember what I would ask. What do you tell Aunt Mary and Uncle Bob who got zero percent on their money for two and a half years? Why has wealth inequality shot up to record since you guys started printing money? Do you even know about the bubbles that have gone on in the market? Let me list them for you.

Now everybody's telling us that you're printing of ridiculous amounts of money, let the fuse on inflation, what you say. And how is it possible? You are the central bank that get all the stats and everything, and you've been wrong 100% of the time. Nobody's asking that. You know what they're asking? What do you think is going to happen next?

What do you think is going on in Russia, Ukraine, and how is that going to affect things? It's simple. Imagine if any of one of you called me and asked, so, Gary, how do you perform brain surgery? That's the equivalent. So I just want to do this tonight because, and a lot of whining, I'm just giving you the real. I'm giving you the real. We don't screw around here, kids. Every dime count counts.

On that note, hopefully tomorrow, better day. We'll be in Dubrovna, Croatia, doing the show. You'll have a great evening drive carefully, and I'll be on with Charles Payne at 2 p.m. Your Time, Eastern Time on Fox Business. Until tomorrow, when you get home, make sure you hug your children. Be well, all. Thanks for joining us. Peace out. Better days ahead, we hope. Good night all. This has been Investors Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Online reviews say I'm steep, rocky, and a difficult trail. Next time, I'm going to say,

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