Investor's Edge with Gary Kaltbaum - Counter-Trend Time?

Episode Date: May 25, 2022

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Terms apply. Lounge access is subject to change. See Capital One.com for detail. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the Biz Talk 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 May 25th, 2022. I think it's a Wednesday. I hope you're having a good day. yesterday was a very bad day as it's now 19 little kids

just young little kids and two teachers were murdered by a cowardly prick that hopefully from that movie ghost where they took the bad guys away he's being tortured and

whatever unfortunately my predictions come true again the next day as sides are being taken 19 kids and two teachers are already being forgotten and everybody trying to make points Robert Francis O'Rourke Interrupts The Governor of Texas Hey, look at me I'm the story

Let me blast the Governor In front of everybody So the media loves me Oh by the way I'm running against him For Governor The left is ripping the right

The right is ripping the left And you know who we are here, right? We're the most important show on earth that nobody knows about, very little people know about because we're done with all of them. The numbers demand that, speak for themselves. We're done with every single one of them. We carry no favor with any.

We just deal in logic here in a world where people have no logic because it's my side. So let me explain to you in numbers what both sides have done or not done. And numbers you will not hear anywhere else. And in facts, you will not hear anywhere else. And then we'll get into the markets, which matter a little bit less today. As you know, the Columbine tragedy, which happened in 1999, April 20th, 1999, 23 years ago, in the following 23 years, our federal government, not state, local, county, federal government. has spent between the money we spend and the deficits that they created.

75 trillion with a T plus dollars. Let me repeat that. $75 trillion. And I always ask, with all this money spent, how the hell do they say they need money for infrastructure and our grid. Why? Because there are a bunch of corrupt thieves. And I use that term in the fact that they just so much waste, so many giveaways, so much glad-handing, which takes me the next part of the equation. $75 trillion, not including state, local, and County. After Columbine, how does a school on the border in Texas have a three-foot fence? How are

there not protections? How come money hasn't been spent on every freaking school out there just in case? Of course, one side's trying to turn this into what happens every day. Fine. Say what you want. We don't care about that side or the other side. We just don't. We just, want to ask the simple question you mean you could not prioritize some money in the 75 plus trillion dollars that you have spent to make sure something like this that does not happen every day but never happens again 75 trillion plus just want to let you know while they're yelling and screaming at each other today just want to let you know just want to let you know while they're ripping each other apart today.

Just want to let you know. This is how it works. It's the greatest con game of all time. They rip each other apart. They go into the back rooms and kiss each other's asses. And then come out again and rip each other apart. And then spend all kinds of ungodly amounts of money on things that don't matter. How is it possible with 75,000?

trillion bucks that we have homeless, that we have poverty, that any child goes without food. Anybody? It's the greatest con. Watchers yell and scream at each other. And now that's all they're doing today. It's their fault. It's his fault. It's our fault. It's them fault. That's all they're doing. And for you on the left, because I was watching some people, Oh, it's all the Republicans' fault. Remember, we're in no party. We can't stand any of them. But for those you think this is a Republican problem,

and oh, oh, you're bad you are, and you're part of this, that, and the other group, and all you care about is this, that, and the other thing. It's called flapping of gums. Barack Obama had two years of unfettered power minus some weeks where they lost the senator here and there to illness. interesting What did they do

on guns? You know, they want gun control so bad. What did they do? Bueller? Anybody? In fact, Obama had eight years of presidency, the bully pulpit, popularity like you wouldn't believe. What did he do?

Oh, I couldn't do it because of the bad Republicans. I couldn't do this. Really? You got my point? You see, your lefties know a big voting block are gun owners. Second Amendment people. You see what I'm talking about? The whining and complaining about everything, yet everything, nothing. Infrastructure we need. How all these decades of infrastructure, nothing done, we need more money. How is it? Biden's been in Washington, D.C. for 50 years. So he's a failure on infrastructure. Oh, he was vice president for eight years of Obama. Oh, he was a failure. This is what we're dealing with. It's the greatest con of all time. And it's both. And now they're at it again. And let me tell you what's going to

happen because guess what? Remember when Parkland happened? You know what I said after Parkland? While they were yelling and screaming each other again, nothing will come of it. That prick who shot up Las Vegas when people were at a concert? You're catching my drift yet? All you in one party or the other? Up next. A little bit more than markets. I'm Gary. This is the one and only Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge.

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meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming.

With Gary Coltbaum. It doesn't get better than this. So, thanks for being here. This is the one and only Investor's Edge. I think they did something with bump stocks. Some states making them illegal and you have to divest yourself of them. There's a ban on them. I got to check on that, whether it's, there's a federal ban.

Just making a point. All you Republicans, all you Democrats. It's a great con job. And by the way, they've spent $30 trillion more than they was supposed to. something that many, many years ago they used to fight over. You can't spend a dollar more than brought in by taxes. Remember campaign finance reform? They did that.

You know what it ends up with? Unlimited amounts of money in campaigns running for office. How was that? Remember that? Yet the left is fighting the right, and the right is fighting the left, and this guy sucks and that guy. sucks and this guy sucks and this is the and this and that and he wants oh they don't care about 19 kids dead oh we do you don't

really i'm not so sure i've met too many people that want 19 kids shot up in a classroom yet there are people out there yelp in that and then there's the guns one side wants voter id to vote vote. Cool. Remember that. Catch the drift. There should be simple questions that should be asked every time. That prick in Parkland that had mental illnesses and was found out mental illnesses. How did he end up that way with the gun? How did this guy, 18 years old, be able to buy that? and we should sit down. Everything can be tinkered with and played with a little bit to make sure these things don't happen again. I'm a Second Amendment guy.

Do you know why I believe in the Second Amendment? It's simple. Go look at most countries where they've taken away guns. The eventuality of some of them. Not all. I believe in the right to defend yourself. A burglar with a gun shows up in my house. trying to kill my family, I don't own a gun.

But if somebody else wants, I respect their right to defend themselves. I read about the other day, just one incident, an 80-year-old woman, where the guy came in there and looked like he was going to attack. She shot the ground twice, not hitting him, to warn him. He jumped on, shot him dead. Oh, let's take that gun away. dead. I've never taught guns here. Ever. I talk logic. And you see those people on both sides of the aisle in Washington, D.C. There ain't any logic coming out of them, and they're wasting your dimes.

How does one school on the border in Texas have a three-foot fence, no security, no nothing, and the ability for this cowardly prick to show up and shoot up a classroom where 19 kids are dead? How is it possible $75 trillion, notwithstanding the state local county money also? Just simple questions. Simple questions. Simple logic. That's all. Our hearts are broken.

You see the pictures of these kids? And then you have the mouthpieces. We'll finish with that. Steve Kerr, who is the coach of the Golden State Warriors. God bless him. really sounds passionate and he cares. He was jumping all over Mitch McConnell last night and the bad Republican Party on guns.

Do you think the media asked him? He wanted to take police out of schools, defund the police in schools. He was one of those. Oh, really, Steve Kerr. I'm sure you mean well, but shut the head. hell up with the hypocrisy. The same Steve Kerr that has nothing to say about China

kidnapped one million Uyghurs in internment camps, and if they try running away, they're dead. Hmm, that's Steve Kerr. Remember, there's a different side for every story, and we follow them. So while everybody's blaming everybody, we look at whole not the parts 75 trillion later hope you're listening we've got no agenda no ulterior motive no bias the only thing we care about is do everything possible

to make sure this does not happen again which by the way is very tough to do in an open society very tough to prevent these events outlier as they may be. Becoming a little less outlier. So I want to start with that because what does this mean to me and my money and my markets and all that? Well, it really does have everything to do because they took that $75 trillion bucks and there's still poverty in your city. They're still homeless in your city.

There's still infrastructure problems. There's still roads and bridges. The airports needing updated. Look what they've done. Get on the ball, kids. Up next, we'll do today's market wrap. Much more. I'm Gary.

This is the one that only investors, Ed. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounge. worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject

to change. See Capital1.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now. I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones.

Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet?

Terms apply. Lounge access is subject to change. See Capital One.com for details. 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 Coltob Comes highly recommended You're going to feel better if you talk to him And welcome once again to Investors Edge And these are the people that brought you inflation These are the people that brought you easy money These are the people that brought you Savers being screwed at zero percent

These are the people that have no oversight of a select few people that have printed $9 trillion bucks and got other countries to do the same. These are the same people that have us $30 trillion in debt. These are the same people that have Medicare, Medicaid, Social Security, again, going to go bankrupt in a bunch of years if they don't fix it again because they did not prepare for demographics. These are the same people that never changed up Social Security so they can control all that money. these are the same people that have been trying to but they know they can't do it you know what they're trying to do you know what they would love to do right they hate that you have your own 401ks in your name

they hate that you have IRAs in your name you know that right do you know how much better things would have been if there wasn't social security and all they did was mandate that money to go into account that you control and all you had to do get this imagine this 90% of the money 90 went into 10 year bonds the other 10% went into the s&p you know how much more money you'd have a blank load and you'd have control of it but they tell you the social security is the end or be all. There's your other con. It's a lie. And you can never, ever change Social Security anymore because there's no money. I don't know if you know that. There's no money for Social Security. Did you know that? Well, in case you don't know, you retirees right now that are getting

your Social Security check, it is not coming from your money they took out when you worked. They stole all that. It's coming from the workers from today. Thus, there's no way the workers today can be switched into instead of Social Security, something that I think they should do, more control of their own money that they made. No, let's government because how are you going to pay the people from the past? Well, you can't. And stay out of the market. A hundred percent of it in 10-year yields, 10-year notes, 10-year bonds.

Their bonds are 10-year. You'd still be 100 times better. And imagine if you believed in America throughout the decades and you did 10%. If you did 25%, you would be a bazillionaire and have control of your money. This is what they've done. And don't start me on Medicare and all that other stuff. That was started for a certain group of people. And guess what government did?

They expanded the hell out of it and expanded it even more. And remember Obamacare, they told us. Remember what they, the lie? remember what government told us remember oh your premiums are going to go down even though we're going to bring all these people on and we're going to get rid of the

preexisting condition the family premiums have tripled since Obamacare you think anybody reports that oh that's right there's more people getting it but they lied and there's a guy named John Gruber go look at the video where he says yeah we had a lie to the American public and the American public is stupid. Go look at it. It's up there. You get why I'm doing this today? Because they're out in droves today blaming each other. It's your fault.

It's his fault. Where's the blame on this prick, scumbag, piece of 18-year-old? Where's the blame on him? I blame him. So it all interconnects. It all. It all. interconnects. It's such a great con. It's such a great con. Do you know how Donald Trump got so popular? Just calling it out. And you know, I can't stand Trump. I don't like anybody that anything they say, I have to verify it because the reputation about lying about everything. But you know why he got popular? He called all this out. The problem is he became one of them. So I didn't know what I was going to say today on this show and I knew I wanted to just talk about this. I'm just blurting this stuff out and I'm blurting out facts.

They're at it again. Same people saying the same crap that they did as they did. They have to Sandy Cook. They have to parkland. They have to the thing in Vegas. And nothing ever gets done. I do know a bunch of schools definitely have solidified their safety. That's fact.

How is one on the border? of Texas. Not. Anyway, just remember, I'm not a politician. I have no agenda ulterior motive. I couldn't give a crap about parties. They're all in the soup together. All I care about is the furthering of this country and your free will to be the best you can be, the biggest you can be, the wealthiest you can be, the happiest you can be. That's it. Without headwinds, without opponents. And they've become very big opponents and very big headwinds. 30 trillion of debt says so. 75 trillion of spending with deficits since 99 says so. And that's my take. All right, the market wrap brought to you by investment. The segue. Investment. Investment.

investment dash models.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 with his proprietary indicators. Go check it out. Investment dash models. The Fed came out with their minutes. I don't want to spend a freaking minute on these doofuses. People that have predicted a hundred things and are zero for a hundred should not be in our government and should not be making decisions and should have accountability and oversight. And they should not be able to $9 trillion on a whim, but they are. So their minutes came out and blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, market rallied up a little bit into the close today. It was much better, and then they sold it back down a little bit. But at the close, the Dow was up 191, the S&P up 37, NASDAQ up 170, NASDAQ 100, up 174, the Sox up 55, transports up 165. Good day for advanced declines.

the new yearly high list mostly oils and all the bearish things bouncing a little bit best moves today retail housing financials restaurants all the worst areas best moves today we call them counter trend meaning we know we're in a downtrend but you never go straight down You're two steps down, one step up. Three steps down, one step up. We have not seen that change. Just keep that in mind. We will specifically and yell and scream if we think we really, really, really, really, really get the big bottom.

And I just don't think we're there yet. Anything's possible. We take it a day at a time. But just remember, a stock that went from 100 to 30 that rallies up to 39. and oh, it's a great 30% move, but it's still down 61% and it's still in a bare market. And you always get those type of rallies. They're very random. They're very quick.

They make you feel better. They suck you in and bury you soon after. So just eventually we're going to get a good rally. Believe it not, the longest rally we have had since the highs between November and December, which is the NASDAQ, October and December, NASDAQ, S&P, 11 days. That's it. We've had 11 days countertrends and then rolled over. Amazingly so. And price wise has been pretty anemic also. Up next. More on these markets. We got an aftermarket, an important name for you. I'm Gary. This is the one only investor's edge.

This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less. than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Sprecker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like,

sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousins swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it.

This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet?

Terms apply. Lounge access is subject to change. See Capital One.com for details. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action!

Investors Edge. With Gary Culpa. And welcome once again to Investors Edge. after the close NVIDIA beats by 7 cents but lowers guidance it's always Russian COVID fault you know every it's everything Biden should be running NVIDIA with those excuses but I digress Nvidia right now closed up 8 to 169

I have it down 12 in the aftermarket to 157 but it's all over the map and aftermarket It was just 152 a minute ago. We'll see how it reacts overnight. And I think they'll have probably a conference call. We'll see. Futures are down. They were much worse a few minutes ago.

Still down a little bit decently because Nvidia affects things. But we'll see how it goes overnight. You never know. And to answer some questions today, let me give you one. Dick's Sporting Goods. Dick Sporting Goods gap down And it's not the most important stock in the world But I'm going to make my point

Gap down today from 71 to 63 You got that And just so you know The stock was 110 In April So the stock had already crashed Like so many others

close at 71 opens at 63 closes at 78 up 7 bucks today on bad numbers nothing good to say why remember this is the most important part of the bear market that you got to remember is when things start rallying where did things come from it was 110 five weeks ago it's still with today's rally 78 you get to my point whenever I see bare market where did it come from and as I have told you you're going to get good bare market rallies you got to be able to gauge if they are bare market rallies now in video we'll see what happens but on the other end you ready for this william sonoma first off the stock was up nine today before earnings beats the hell out of me

who would buy before earnings, but they did. Well, they reported earnings that closed at $1.15, $115.15. It's $135 in the aftermarket. Great move. Awesome move. You've been in a William Sonoma. It's a pretty cool place. They beat by $61.

$3.50 a share. How do you beat by, well, they sandbagged. Estimates were to be flat earnings. And now they beat by 61 cents. That's how it works sometimes. Comps were pretty good, so much better than expected. Oh, but it's 135 as I'm looking at it now. It was 223 in November.

It was 168 in March. All in the context. And maybe its bear market is over? I don't know. I'll need to see some more cards come out of the deck. everything in context. Splunk. Closed at 93.

It's 96. And they beat. But you know what they beat. Their loss wasn't as bad. What do we know about bare markets? Anything that reports losses. So initially it was 93 at the closing. They added at 110.

It's back to 96. We'll see what tomorrow brings. Just feet on the ground. So let me just give you a good day for the the worst areas today. I think eventually they've got to have a decent rally. I think. Just something to work off. You know, the short sellers right now are all smiling. You know what markets do. Want to wipe smiles off faces. How do you wipe the smiles off as short sellers? You got to rally up. The bulls are all depressed. You should hear what they're saying on TV. Oh, God. People that have been so

bullish all the way downer now. Oh my God. And those are the ones that have to be fully invested. I feel for them. We don't. So you've got a lot of that going on. So we'll see. Good day today. Aftermarket not looking so great, but that can change overnight. And you never really want to see an Nvidia whose stock is gone. Get this from 289 to the close today, 169, down 12 on earnings. And by the way, 289 is the last low, lower high. It closed at 346 in November. A very popular stock destroyed. And that's why we pay attention to price.

Everything else is noise. Now, again, they warned. It's down in the aftermarket. Who knows, maybe it's up tomorrow. Why? If it was, it's because it just went from, 289 down to 169 and that includes an $8 up day today. Everything in context.

And most people don't get that. We do. So that's today. Hopefully another good day tomorrow. We'll see, I think, Nvidia can move a little bit of the needle. So far right now, aftermarket's down 11, was down 17.

I will tell you if these numbers came out was 30 bucks higher, it'd be down 30 bucks. We'll see. Energy remains the only area with the decent uptrend here. A few other smattering of a few other things, that's about it. With all that said, you have a great evening. Say a little prayer. Man, oh man. Drive carefully. And as we've said since the Columbine incident of April of 99, when you get home, really, make sure you hug your children. They will feel better. You will feel better. And one more time, say a little prayer for all those affected. Until tomorrow, have a good night, everybody. 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. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply.

Lounge access is subject to change. See Capital One.com for details.