Investor's Edge with Gary Kaltbaum - CRYPTO NOISE [11.18.2024]

Episode Date: November 18, 2024

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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, your host day. Thanks for being with us today. Glad you here, ladies and gentlemen. Happy that you are listening.

It's Monday, November 18th. My brother's birthday, 2004. Hope you having a good day. We have been in travel mode. I want to thank Adam for doing the show And Adam will more than likely be doing the show A couple of times this week as we are in Travel Mode

So just let you know We'll have lots of things to cover Market and everything And let me just state for the record There's a lot of things going on In the market right now And we're going to cover Each and everything as we move forward

So first and foremost Again thanks to Adam For doing the show And in case you don't know, this is serious talk about everything that affects you. We'll do the markets. We'll do the economy. We're going to do the Trump administration. And as we have said to you, we curry no favor.

We are going to tell it like it is. We're going to tell you what we think, good, bad, or indifferent. We're going to have some compliments today. And a couple of, hey, what are you thinking, president? elect Trump as we go through it. And of course, we're going to do markets. And if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it on our Twitter feed, which is now X. And if you don't follow us on X, you should. And if you'd like to email us, just be nice. Why? We will always be nice back. Simple as that. Remember, we can disagree a thousand

percent. We all breathe the same air. We all want to be happy. Some of us think of it a different way. Some of the things I don't understand, like I don't understand Bernie Sanders and people that believe in massive government. Sorry, what can I tell you? So the first thing I want to start with is I'm getting a lot of questions now on Bitcoin. No, now. Not a year ago. Not nine months ago. Not six months ago. Not three months ago.

Now, the interest in it, I don't know if I'd call it off the charts, but getting there. And we're just going to let you know. we don't tell you to buy we don't tell you to sell we don't tell you to short we don't tell you to cover we just tell you what we think the fact that a matter is

we would have never believed this thing would get to 90,000 you know what our old line used to be in order to go to people are predicting a million well what we have said is if it's going to go to a million, somebody's going to have to pay $999,999.99. Well, we're over 90,000, which means somebody paid $89,99,99.

That's all I can tell you. And of course, I think what's really done some of the trick is all the ETFs, the ability to buy it easily, and it's fueled itself. I don't know where it ends. I don't know how far it goes. I don't believe it as any worth whatsoever. They used to tell us it was going to be something that we're going to be able to buy things with, and they stopped that pretty quickly.

I don't know. All I can tell you, it remains strong. Pullbacks have been negligible. We'll see how it goes. Technically, we let you know about two to three weeks ago that there was an eight-month breakout of a beautiful trading range. And those are the type of technical breakouts that one wants to see. It just happened to be in Bitcoin. So as always, you get to decide, which takes me to one other part of that equation because we get asked about something called micro strategy.

Micro strategy symbol MSTR and it has changed itself into being just a Bitcoin hedge fund but high octane as they borrow money to buy more and more and more. So pretty much, you know how we say there's exchange traded funds that will trade three times the normal? Meaning if something moves 1%, it moves 3%. It feels like this is 5% if not. more just be careful that's all nothing more and for all I know it just keeps going higher the Bitcoin we do want you to remember that 30,000 plus coins went to zero

but I have to tell you I am reading about other coins that are now on the move that were dormant that were dead we just want to let you know the juices are now flowing now we're getting a feel we'll see how it plays out we just wanted to start with that and again we are not

putting it down we are not praising we are reporting next thing I want to bring up and we're just going to stick with markets right out of the bat and then we'll get a little everything else in a little bit later gold gold's been on a pullback because the dollar has been strong

the dollar finally pulled back and gold gaped up today gold stocks with a decent move i am agnostic right here except to say a decent low may have been put in for the second the gold miners the gdx hit right at the 200 day moving average last week and bounced and today bounced even better again i'm quite agnostic i'm not a hundred percent sure but those are that are long to term gold bugs should be quite happy with what happened in the last day or so, and particularly today. That's the gold. Next, going through a few things. Super micro. We've talked about this a lot. The stock has crashed. It has gone from 123 down to a low of about 18 or 19. They have not been able to give financials. A big short selling outfit came out and stated that they thought

their accounting was fraudulent. And it turns out that, well, we'll find out in the end, but the company all of a sudden said, well, and the auditors took a flying order says, we're out of here. We can't trust these numbers. Amazingly, stocks up 25% today to 23 bucks, down from 122. Why is it up 25%? Amazingly, they because they don't think they're going to be delisted now

from the NASDAQ. I'm not so sure that's a good reason to be investing in a stock. That is accounting irregularities. Who knows who's going to be in trouble if they're going to be in trouble?

But without a doubt, somebody probably knew something was going on. and we still don't have the final outcome or answer. As we always say to you, pick your poison. Be careful. There's a lot of money to lose in these markets. Super Micro's 123 down to 19 before today's move.

Yay. So we had to bring that up also. Next, what was one of my biggest complaints about the last administration? rules, regulations, fees, fines. Well, they're still, by the way, in power. Rules, regulations, fees, fines, mandates, taxes, control freakism. What was one of our complaints? Well, JetBlue wanted to take over Spirit Air.

And they came out and said, no, it'd be bad. Why would it be bad? oh, it would hurt the consumer. Why would it hurt consumer? Oh, pricing. They'd have too much of a monopoly. Oh, really. When you have a chance, why don't you go back and see how many airlines have merged throughout the years?

Go look. The end of the world isn't at hand. To be able to fly from L.A. to Miami is still very good value, though there are no low-cost airlines anymore. Even the ones that say they're low-cost, they are, once you go a la carte and everything, not so low-cost. Things like Southwest definitely not low-cost anymore,

but Spirit Airlines filed bankruptcy because they were losing a lot of money. Of course, they're staying in business. Filing Chapter 11 does not put you out of business. You're able to hopefully renegotiate negotiate terms of debt and things like that and keep things going. And hopefully the new administration, if a deal comes about, lets it happen. Up next, we'll put a bow tie on that, much more. Just the one-only investors edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show

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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 stomachache 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. 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.

All right, quick quiz for the hiring manager. out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for Indeed sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-bran Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results.

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It doesn't get better than this. So they block the JetBlue for Spirit Airlines, and I think they're going to be able to stay in business. Leave no doubt they're going to have to probably structure the business differently. I've flown them a couple of times and have really not been a big fan of it. But they got me there safe and that makes me a fan without a doubt. Just getting there safe is great. I think that the new administration, I think there'll be another go at it to get some sort of deal done. And I'm pretty sure the new administration would be a lot more friendly.

But I want you to think about something. they blocked an airline merger and there was a possibility that they would go out of business you know what kind of cost that would have been employees fire this administration almost wreaked havoc fortunately

I think it'll all get worked out that's what I mean by control freakism they have somebody there I forgot what her name was it's a woman everything is bad big is bad success is bad

and we completely disagree with that you're supposed to praise success you're supposed to praise big you're supposed to be happy with big you know how you get big by doing good things by doing right things.

Let's hope the new administration learns from that. I think they will. I believe they're definitely much more pro-business than the last one. Well, the one that's still there. And we'll see how it plays out. We have this motto about what government should be. You can do your job.

There can be government. There can be rules and regulations. of course taxes. There should be penalties when things are done wrong, but what should be done is just set the conditions for everyone to thrive. That's all.

Set the conditions for business to thrive and get out of the way. How hard should that be? The problem is you have people that are what we call control freaks, people that believe they need to be a part of the process. People that have never run business.

Think about it. But Bernie Sanders has never had a job except government. And by the way, who does he get paid by? The taxpayer, the people he saw. loathes. This is what we're talking about. And the hope is, the new administration. And from what I see, a lot of business people are going to be involved. We couldn't be more happy. You have Vivek, big businessman. Of course, Elon, big businessman. It's what we want to see. With some disclaimers, of course. Because we're already seeing a few things of what we call too much. Again, we'll see. But we just had to bring that up because we saw the news being reported about Spirit Air going bankrupt.

We didn't see any of this administration blocking a merger that should have happened. and by the way, there were others that they blocked that made absolutely no sense whatsoever. These are the things you don't hear about. These are the things that should be live and let live. Spirit air has not run their business well, but there was somebody to come in and take it over

and work with it and do better and that doesn't guarantee success. but gives it an opportunity for success. That's all. Simple as that. Just how to bring that up. Stuck out like a sore thumb for me. And not many others.

Now, markets, very rough Friday, big time rough Friday. And this is the little bit of the world. about this administration. We're now talking about the administration, the new one, coming in, and the markets. And I'm going to do it in a way where I'm straight down the middle, not taking a side, but just reporting outcome. Last week, defense stocks were trashed. The contractors for government were trashed. Medical everything was trashed, whether it was hospitals or drugs or biotech were trashed. But Tesla stock soared. You catch in my drift? Winners and losers already. This is a little bit on the worrisome side. Why? Because we have been told by people in the Republican Party. We have

been told by Trump in his last administration about not being anti-business, let businesses do what they do. But now all of a sudden, we have people. People. that are dictating. May I use the word dictating? And there lies a problem. Think about it. I'm hearing things about what to put in your sodas. What should be put in your cereals?

And we're not saying they're wrong. We're not saying they're right. What we are saying is, I'm worried. Up next, we'll get to that. I'm Gary. This is the one only investor's edge. 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.

All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is. is a job for Indeed's sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored

jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed's sponsored jobs. And listeners of this show will get a $75 sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed sponsored jobs. Success starts with your drive. An 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. We're listening to. America is talking. Investors edge. He's got to be pleased with that. The crowd is just on its feet. here he's a senator boy

with Gary Colbomb comes highly recommended you're gonna feel better if you talk to and welcome

once again to Investors Edge so I was reading that three quarters of US adults are now overweight or obese

I was reading that by the way this is everything to do with markets I've also read that in Italy

people Italians that consume the same type of food there as here, they're much better off there because what's been put in the food or how the food is processed. I'm reading that. And this is all well and good, something that should always be addressed. The health of the nation is important. Don't you agree? I do. But you know what the bud is? They're not. They not. nominate this Kennedy guy, who I gather means very well, wants good things.

But you may not know it, but I follow a lot of people. I've followed him through the years. Call me worried. If he comes in and works with smart people, does what needs to be done, okay. But what did I say at the outset? the overdoing of it, control, freakism, we're going to watch and see. All I know is last week, food, beverage, and the like, stocks got hit and hit hard, and I gather on the worry, what added costs will there be, and will they go overboard?

Now, Kennedy already came out and said something to the effect of that. We'll see. And then there's defense contractors. Well, Vivex came out and said, we're going to cut what they get. Well, the defense contractors are getting slaughtered. Slaughtered. Drug companies. Well, interesting.

The left has complained about drug companies forever, haven't they? well it looks like a look at the drug companies is to be had on what scale we don't know pricing we don't know but a look guess what stocks would slam last week oh that's correct

guess what else was slammed last week oh the biotex and they were down pretty good today and the few were still down also catching the drift while Tesla's stock went up nicely and then came down because they said something about the subsidy

for electric vehicles but then today up nicely again because Donald Trump came out and said they're going to be easing regulations on robotaxies which is Tesla's wheelhouse guess what stock is crushed today Uber why would Uber stock be crushed today

well if robotaxies proliferate which by the way i don't think they ever will but uberstock has been smoked today again winners and losers and i worry about what i call too muchism from the government which creates the lack of a better word havoc in markets we had some of that in the first four years. I still recall coming on this show on a Tuesday and saying Trump completely went back from what he said yesterday on any number of subjects over time. On Monday he would say white.

On Tuesday he'd say black. We are in hopes that is something that does not occur. but we're already getting some of it because they're talking a lot. We're worried about some of his people. Matt Gates is a Yutz should not be Attorney General, should not be in government.

I don't understand. We'll see how it plays out. We'll keep reporting. You get to decide attorney general is an important a person in government, I wouldn't let this guy run a lemonade stand and I would say it to his face. That's my thought.

Next up is the Treasury Secretary. We do not know who it's going to be. Whoever it is has got to be the opposite of Janet Yellen who has said tax cuts are a problem and is called for amazingly worldwide taxes. This is a Treasury Secretary. I gather the next one will be a lot different. So that's a little bit on the Trump thing.

I'll finish off with one thing that had my interest. As we have told you, it is not very often we would ever turn on these channels like MSNBC who constantly tell you that you're racist. You're a misogynist. You're a fascist. The American people suck. A network that had Al Sharpton go on after the election and say, black men are misogynist.

Had others come on. Now Hispanics are racist. Well, I mentioned that Mika and Joe show once or twice after the election because the Nazi Hitler thing. I saw a video this morning that they actually visited with Trump at Mar-a-Lago to air things. out. And Trump met with them. Imagine being called Hitler. And you actually meet with these people.

I give all the credit to Trump on that. I'm not so sure I would have met with them. Because they don't matter. Their ratings are down 50%. All they do is whine and complain. They lie up the wazoo and they take swaths of the country, groups in the country, and generalize them as being the worst of the worst. You know what our line is to them, right? Up yours. Up yours. It's tiresome. What do we tell you here?

Go into any city, small, large, any rural area. And you know what you're going to see? Just people going about their business. Going to work, play, hanging with the kids. There are racists out there. There are asses out there. Most of us, we just want to wake up and do better for ourselves and families. These people have to blame something. They're sickening.

Let them bake in their own woe, as I say. Next up. The markets. We're getting near the close. The NASDAQ 100 was down 502 points Friday. The NASDAQ was down 420, 430. It's bouncing today. As we entered towards the close in the last half hour, NASDAQ up 133, NASDAQ 100, 161, and Viti reports on Wednesday. We bring up the NASDAQ because that's where the juices flow. The Dow is down 50, but to me, no business. biggie. I'd rather have the Dow down 500 and the NASDAQ flat. The NASDAQ fell to an important juncture on Friday and let's hope this is an area that it's going to hold. We're watching leading stocks and leading groups because I got to tell you amazingly the semiconductors, which are bouncing today, weak is all heck. And normally the semiconductors would lead down up next, we'll tell you some of those groups.

Much more. This is the one only investors edge. 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 stomachache 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. 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. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for indeed.

sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs. And listeners of this show will get a $75 sponsored

job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed sponsored jobs.

Success starts with your drive. An 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.

You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! with Gary Culper. Talk about scams. Did you watch that Tyson fight?

I just happened to be with my son and we were at a restaurant and he put Netflix on his phone and watch the fight. God bless him. One made, Tyson, I think made 20 million and what's his name? Jake Paul made 40. million bucks for that scam. 70,000 people were in Dallas to watch it. God bless him. What marketing.

Jake Paul basically backed away, hardly threw punches. Mike Tyson never threw a punch. I think he threw three punches in the first round and just put his fists up to his chin the rest. And they made 60 million bucks between the two. God bless him. What can I tell you?

It's just the Beyonce What's funny is Beyonce made $10 million off of the Harris. And I get people email me, well, no, that didn't happen. Somebody's report, let Beyonce tell you. Notice she hasn't said anything. Anyway, what have you? I never, when people make money, I never argue the point as long as they earned it without committing crimes because where there's demand,

your supply, where there's supply and your demand, then boy, oh boy. You know, I would have taken $20 million to get in there with that Jake, whatever his name is. Seriously. As long as he didn't throw any punches, because that's basically what happened. Hey, Jake, just, I'm going to go in the ring with you

for eight rounds and there are only two minute rounds and you stay five feet away and I'll state five feet. away and just fake a few punches and you make 40 I make 20. Yay. Which takes me to Netflix. Was down like 13 bucks on the open today because yes, they had a lot of people watch, but I guess they had some streaming issues. Stocks up 23 bucks now. You know what people realized?

I think today at the end of the day, Netflix. is going to do a lot of live stuff. And I do believe they get WWE starting in January. We'll see how that plays out. Strong stock Netflix right now. We own a little bit. Full disclosure. And as far as the market, let me just state a few things here.

I think it was a couple of weeks ago. We said one change on the oils. We took them off what we call a void. And that doesn't mean you buy. It just means we think that they may be. going through a process of worst of that's all we thought well they're starting to rev up a little bit we'll let you know there's definitely as we've been stated all long while all the oil stocks were getting trashed pipelines and some other names are strong as

all heck and some of the lNG stocks the natural gas are real strong right now the rest of the oils, maybe worst of. Not sure. We've told you like BP and Oxy and others, brutal bare markets. Those haven't changed.

Other things may have. Not sure. We'll let you know. China up today. I'm agnostic this second. Very surprised. It hasn't been better.

But we think that's a component of one new administration China Hawks two think they got problems there they definitely have a debt and real estate problem in China we'll see how it plays out we mentioned gold very good day today in gold I'm not sure it's a low a low don't know if it's the low but good day on the gap. Got to mention Argentina. There's a Reaganite

running Argentina now. Argentina stocks strong. I'm going to just give you symbols to look at tonight. I think we mentioned before, BMA, G-G-G-A-L, Y-P-F, A-R-G-T, I believe

is the E-T-F. Have it a very good day today. And you should read up on the guy running Argentina. Interesting. He's quite Reaganite. Low taxes, less regulations, less government, get the hell out of your way. He sounds like me. Last name is Malay. Somebody running Italy now, women named Maloney.

Also terrific. Next time I'm in Italy, I'm going to look her up. We love people that believe in we the people. And that's what's going on. Believe it or not, in Argentina, when you have so many crumbs running countries in South America, one guy show up. And by the way, the media calls him an extreme right winger. No. He's a Gary Kolpom logical person. Let the people do the talking. And that's what's going on. Things I'm watching. Costco. off the 50-day moving average. Weird that the new yearly high list. You ready for this on the NASDAQ?

With it up 125 today. 80 new highs, 240 new lows. I'm going to have to look at that after the close today. Very weird. Small and mid-caps. Ain't happening. They tried. Just ain't happening.

But overall, we're hanging in there. Last week finished terribly. don't want to see follow through to the downside. The good news today, not seeing any follow through to the downside as of yet. So not really much to complain about this second. Just looking for leading stocks and leading groups. And close our eyes, hold our nose and pray.

Hey, that all said you have a great evening. Drive carefully. When you get home, do like we do. Make sure you hug your family. Make sure you hug your children. and they will feel better, you will feel better, I promise. And video on Wednesday should be important. Stay well, be well.

Until tomorrow, peace out all. Good night. 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. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz

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