Investor's Edge with Gary Kaltbaum - Deterioration [01.16.2024]

Episode Date: January 16, 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 investors edge with gary cult bomb straight talk about you and your money now from the biz talk studios here is gary cult bomb and welcome once again to investors edge i'm gary coltbaum your host day thanks being with us today glad you here ladies and gentlemen
Starting point is 00:00:52 happy that you are listening it's uh tuesday january 16th two thousand 23 and as always we got lots to cover. This is serious talk about you and everything that affects you. The markets, the money, the economy, jobs, unemployment, taxes, deficit spending, scams, shams, corruptions, the election, and lots more. Again, we appreciate you. By the way, we were supposed to be in Europe. We were. We flew back yesterday. As you know, I have elderly parents, and I was just a little bit more than worried. Father didn't sound great. I'd rather be in the States. didn't want to have to fly back to 10 hours. So we're here in the States.
Starting point is 00:01:34 Hey-o. All right. Hope you had a good three-day weekend. So, oh, yeah. If you do not get this radio show and your city, we'll post it at garyk.com. We'll also post on our Twitter feed, which is now X. And if you don't follow us on Twitter, you should. You can email me, just be nice.
Starting point is 00:01:52 Also, you can get us on all the podcast stuff, all the different places. And that is all. did not know where I wanted to start, but I think the big news is ex-president Trump blew the doors off of the other two. Vivek, did Ramoswamy, he bowed out also. Asa Hutchinson didn't even though he was still in, bowed out. It's Haley, who came in third, not second, DeSantis at two. They move on to New Hampshire, which will be closer to what extent I don't know.
Starting point is 00:02:29 But I must tell you, the party is really, spoken. I do want to mention that. I don't want to use the term it's just Iowa because it really does matter. But when all is said and done, it's going to be about 50 states and then narrowed down to about three or four at the end. And we'll see how it goes. The amazing part about all this is Joe Biden's poll numbers are a little less than root canal. And everybody's trying to figure out why, but we believe everybody knows why. High taxes, ridiculous regulations, Afghanistan women going back to the dark ages because the decision he made around the globe. Things are just popping up here and there.
Starting point is 00:03:16 I believe disrespect for him being anemic, the border crisis, which is gargantuan, the massive debt and deficits, the slush fund that he's using us to hand out, pay off, and all that crap for votes. I can go on and on and on and on and on. Country's not that stupid. But congratulations to President Trump. He's been the chalk for quite a while. I expect him to be the Republican nominee. I think the only wildcards is all these things he's got to face legally. I don't know what it means and what point, what time, whatever. My expectation this time, if he's like yesterday, after he won, he will be the
Starting point is 00:04:11 president again. After he won, and this is not a compliment, because he's been a sore loser, but after he won, he sounded magnanimous, did not call anybody names. And one, one, one, one call that sore winner, whatever you want. The bottom line is, if you're going to win election, you can't piss off people. You've got to be nice. And he was magnanimous. You can go look up the word. Anyway, there is Iowa done, New Hampshire next. Wow, the weather there, quite the amazing. And as you know, I am not a fan of his. I would rather have somebody else, but I deal in reality and I don't deal in fantasy. He is going to be the guy.
Starting point is 00:05:11 That's going to be on that side of the aisle running for the presidency. December 20th, on that day we said the market may have hit a stumbling block. That's what we said that day. We did not like the reversal that day. We told you that. We said we need to be watching that day because we thought it may have marked a moment. In the intervening days,
Starting point is 00:05:45 the market edged higher into the end of the year. And then we got some more distribution into this year, though we got the Nvidia breakout. By the way, which we handed to you on a silver platter, on a silver platter going into last Monday and amazing, you know what, not even amazingly.
Starting point is 00:06:11 In six trading days, the breakout was 505.5.5.5.5.5.5.5.5.4. right now. In six trading days, you can thank me. And very simply, on the Friday the day before, the trading day before, we came on this show, and said to you, we don't usually do this often. But we've been talking about Nvidia for a while and this thing looks primed.
Starting point is 00:06:41 It's arguably the number one stock in the tech market now, taking out Apple for now. And if this thing breaks out, it would be a huge six-month breakout. And the longer the base, the longer it goes in that range, typically the better the move. And due to the fact, it's a big name. Hey, we'll see. 506 to 564 in change in six trading days. I have absolutely no idea how long it lasts or how far it goes. I am letting you know today institutions still did not feel they had enough and kept bidding it up.
Starting point is 00:07:25 But, but, and I want you to listen carefully, there's distribution in other areas. of the market. Our main areas we have told you to avoid China. New yearly lows. So the main areas we told you avoid China, new yearly lows, and the one stock we told you that was standing out is smoking, we'll leave you to decide. What's the other area we told you to avoid?
Starting point is 00:08:03 Oils. Oils, another relative low today for the OIH. The X-L-E and the X-O-P-Boy, all of them are getting smacked on lower oil prices. Gold, not gold the metal, but the miners rolling over. And we're just letting you know, the solar stocks told you to avoid them. And just we're seeing a lot more deterioration in a lot of the airlines. deterioration commodities
Starting point is 00:08:43 deterioration financials little deterioration advance decline figures deterioration new highs versus new lows deterioration
Starting point is 00:09:05 so stay tuned we'll keep telling you what to avoid and what's on the move but let me give you some numbers before I give you today's final numbers. Amazingly, on the New York, 108 new lows. I'm showing new yearly lows. That's a pickup. New yearly highs,
Starting point is 00:09:37 only 80. More new yearly lows than nearly yearly highs. That's almost crazy. Deterioration. And when you look at the new yearly highs, there really isn't 80, because as I look at the bottom, there's a bunch of, oh, the two times long Microsoft, that's not another stock, and a bunch others. Let's call it about 40 to 50 new yearly highs. On the NASDAQ, amazingly, on the NASDAQ, 95 new highs, 197 new lows. and out of that 95, that's not 95, it's probably about 40, 50. Today, advanced declines. 867 up 32266 down on New York, 1,097 up, 3,081 down on the NASDAQ. But Nvidia was up 17 today.
Starting point is 00:10:42 What else do we tell you? Microsoft that just broke out. That was up to today. What else do we tell you? was another name. Up 12 and a half today. Huh. So the money flows are going into the really good charts.
Starting point is 00:11:02 Is it the chart patterns or is it the companies? Beats the hell out of me. I just go with the money flows. So we're just letting you know. Some deterioration. Not the end of the world, but deterioration. Up next. We'll continue.
Starting point is 00:11:20 I'm Gary. This is the one only 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.
Starting point is 00:11:52 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, will 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 888-4-2-5-59.
Starting point is 00:12:22 That's 8-8-5-59. That's 888-4-22-55-59. Investment advisory services offered through call-bomb Capital, management. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a
Starting point is 00:13:08 stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. 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. Here 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 IHeart Radio. Listen now wherever you get your podcasts. Success starts with your drive, and American Public University is here to fuel it.
Starting point is 00:13:54 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 program. 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
Starting point is 00:14:24 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 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 00:14:46 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 promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this.
Starting point is 00:15:07 So just remember, when we do this show, we try to simplify things. So we're talking about the deterioration, advance declines and stuff. It's just a matter of assume we know what an up trend and a downtrend is. And let's just make like there's 100 stocks in the whole market and they're all worth 1%. In other words, it's not like the big Apple that is 7%, something 1,10th of a percent. Let's say they all have equalness up and down. And if 100 stocks were an uptrends, well, that index, let's just say that's the big index. is in an uptram. What happens if 10 stocks flattened out? Well, there's 10 stocks flattening out.
Starting point is 00:16:01 The other 90s still good. Terrific. What happens if those 10 start heading down? And of the 90, 40 more flatten out. They're not going up anymore. Well, the indices are going to have a rough time moving. And what happens if those 40 that are flattening out are turning down? Now, we're assuming, I know what the heck I'm talking about. You're assuming I'm able to spot near term or even more longer term tops in certain areas of the market or individual names. Well, we're just letting you know that's what's going on a little bit, but we're using the term near term, meaning they're not breaking monstrous support yet, but they're starting the first stair step down. In other words, for now, breaking the trend.
Starting point is 00:16:54 It doesn't have to be the death knell. It is very normal when things get too far too fast. They're going to pull back. The problem is, for some of these areas, they're starting to get a little more icky. And they're going to start needing to hold vital areas. That's all. Transports on the 20th had a bad down day of December.
Starting point is 00:17:26 bounced up a wee bit, broke the lows of the 20th a week ago, and today was sinking again, breaking another stair step before in the last 10 minutes. Yeah, this last 10 minutes, little jack to the upside, though the Dow finished down 231. The Dow was down over 300 with like six minutes to go. And guess what? A little bounce into the close. The S&P, same thing, bounce into the clothes, holding the 21 day, the Dow, which was down 2.30 a little bit below, but overall deterioration. And the base case is a lot of near-term tops are put in.
Starting point is 00:18:20 Barish got more bearish, bullish, bullish got less bullish, very bullish is bullish. And some like the Nvidia and the AMD and a few others. Don't give a crap what the market's doing. But the avoids we gave you worsen. And more areas got little tops in place. But again, I must repeat, not a death now. Yet. Yet.
Starting point is 00:18:55 The socks started getting a little icky back above the 21-day-day-day off of NVIDI AMD and a few others better by the close. Remember those regional banks? What do we tell you? It was a quasi bond fund. Regional banks are under pressure again. Why? Ten year yield up 1.16 to 40.66.
Starting point is 00:19:20 4.066. Not great. So the Dow was down 231, S&P 17, but the NASDAQ only down 28. NASDAQ 100 only down 2. Why? The names we mentioned at the get-go. Transport's down 127, was down 200.
Starting point is 00:19:35 rough day for the small and midcaps and as we stated the advanced decline figures worsening so stay tuned stay tuned but our eyes and our focus working pretty well
Starting point is 00:19:52 I see nothing else that looks like and video we'd like to get four those a year six month ranges breaking out important name more will show up eventually but just letting you know narrower narrower
Starting point is 00:20:18 that's the key not a death knell I repeat and I have to tell you I've got about 15 to 20 names maybe a little bit more that look great in setting up to possibly go higher we mentioned to you AMD and it was
Starting point is 00:20:38 drifting up 12 today somebody raised the target should that make it go up 12 guess what? Don't care. So you know where we stand. If it worsens, we'll let you know.
Starting point is 00:20:56 Good finish today. We'll give it that. But oils and China and solars, gold miners, some financials now, airlines, there's bearishness. And if we start, Apple, which by the way held the 200-day moving average for the second time in six days, though it was down another $2.30 today. Let us not forget we have earnings in a very big way. So that's basically the story. What's not thrilling is the 10-year yield spiking up, not thrilling the dollar spiking up with it's normal, and let me tell you what else is not thrilling. They have something called manufacturing reports that come out. They had one today. that, how do I put it?
Starting point is 00:21:54 You would think we were in a depression. That's the best way I can put it. I'm not making it up when I tell you that a manufacturing report today came out at deep recession levels. Now, it's one report, but it's been not so great beforehand. And we're going to be watching. It's the New York Empire State manufacturing came in at minus 40. expectations was minus four. But there's another kicker that I didn't hear too much about today
Starting point is 00:22:33 that I think also could affect markets. The control freaks decided that JetBlue and Spirit Air should not merge. So Spirit Air, sorry to tell you this, was down 47% today to $7.92 down $7.00. Remember we told you that JetBlue paid too much for them? hope if you had Spirit Air you sold on the news. The control freaks stopped a merger. A few people stop business from doing business. And part of doing business is mergers and acquisitions.
Starting point is 00:23:20 And I wonder whether a little discount goes into the market because of that news. Because I will tell you throughout the decades, mergers and acquisition is a big part of life in general. Up next. What else? This is the one that only investors end. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions
Starting point is 00:24:03 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 soul. 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, I have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into
Starting point is 00:24:42 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 IHeart Radio. Listen now wherever you get your podcasts. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing
Starting point is 00:25:19 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. APU.orgas.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 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.
Starting point is 00:25:56 So we sat there, listening. That was the first time I learned that quiet can feel full. Hershey's, it's your happy place. 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.
Starting point is 00:26:17 He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. And welcome once again to Investor's Edge. So not a great day. Good finish. NASDAQ better.
Starting point is 00:26:35 Imagine though the NASDAQ 100 only down two, but the NASDAQ advanced decline, 1097, up, 381 down. What do we tell you about days like that? You better not have more. We have also told you, though, we don't mind narrow if all the money goes into one area and we recognize it, we play it.
Starting point is 00:26:53 So far so good on that end We'll see what comes with it And again, I still have names that are on our screen that are setting up And look ready Now Goldman Sachs reported earnings this morning was all over the map Was up seven, was down to, finished up two, no big deal Just range bound But Morgan Stanley reported and breaking down
Starting point is 00:27:22 On their numbers, earnings down 35%. PNC Bank in the regional finished up 10 cents at one time today was down about five. But the regional bank index another rough day down about almost 1.7%. Tomorrow's Schwab and U.S. Bank Corp and Discovery Financial, next week's going to be huge. Now, as you know, as we segue a little bit, oh, by the way, Disney, got to mention that Disney, I'm watching closely. First off, the stock's been destroyed, but it's off the lows,
Starting point is 00:28:08 and now it just pulled back to 90. He was up 270 today. There's rumors of an NFL stake in ESPM, and I think we are going to see more of that, unless the Justice Department doesn't like that either. So Disney got a little pop on that. But as you know, I call myself Mr. Logic, because I really just do believe I'm quite logical.
Starting point is 00:28:29 And I mean that. A lot of things that we have told you have come to fruition. Things like when the marijuana stocks were hyped to death, we told you that there'll be a crash because who the hell's going to want to buy marijuana and pay taxes on it when you can get them from your buddy next door and probably get the better stuff. And when everybody's selling the same thing, what do you think happens? Oh, prices come down.
Starting point is 00:28:54 Oh, the marijuana stocks got crushed. Just logic. when we reported to you here in Lake Mary years ago, Lake Mary, Florida that the Kmart is not being kept up. You walk in, it's dirty, dingy, no service, shells empty. And you walk a mile away and there's a target and it's in great shape. We told you Kmart be out of business one day. Oop, that place is gone.
Starting point is 00:29:25 Just logic. And we've also told you in recent past about the election. vehicles, the flying taxis. And we told you straight out, we just do not think this is going to be as big as anybody thinks. And it would be a lot worse if it wasn't forced by the government on you. Imagine if they didn't give you all those tax credits. Oh, that's right, taxpayer credits. All right, some news. So Congress spent $7.5 billion for electric vehicle charges. after two years none are built we're not making it up
Starting point is 00:30:04 Congress will authorize 7.5 billion for electric vehicle charges after two years none are built more than 2 billion has been distributed but only two states of even broken ground and most states haven't even made proposals you wonder why Joe Biden's
Starting point is 00:30:26 poll numbers up Ford along those lines is now cutting planned production of all electric FF-150 lightning pickups roughly in half in half next year, marketing major reversal after the automakers significantly increased plant capacity
Starting point is 00:30:44 for electric vehicles, forced on them by the Biden government. Told you so. Hertz is dumping Tesla in favor of gas cars. Sell one third of its electric vehicle fleet in the U.S. and instead
Starting point is 00:31:03 invest in gas powered cars. Already started the process selling tens of thousand electric vehicles and that will continue through 2004 and net depreciating expenses about $245 million related to the decision. Why is Tesla backtracking? Why is Hertz backtracking on Tesla? Weak demand, high repair costs, low resale values. Duh.
Starting point is 00:31:28 Mr. Logic. Let's continue with our Mr. Logic. Federal scientists. What did we tell you about why they're legalizing marijuana? The money. What did we tell you? you about scientists and coming out with climate change and just making up all kinds of bull crap, well, we're finding out they're getting tons of grants in order to come up with the answer that
Starting point is 00:31:57 the granters are happy with. Here's the latest. FDA scientists have recommended that the federal government removed marijuana from its most restrictive category of drugs. I wonder why that is happening. And remember what we've told you about marijuana in the fact that it's bad for you. That the same government who wants out of tobacco, marijuana. What else do we tell you here about logic? Just remember, these are people running our country. If you don't think that has anything to do with you and your money and the markets and jobs and the economy, I got news for you.
Starting point is 00:32:37 Well, here we go. Washington, D.C. Why is no one eating out in Washington, D.C.? an article by the Wall Street Journal. Interesting. Guess what? The reason why restaurants are closing? People aren't going out.
Starting point is 00:33:04 They're worried about being carjacked in Washington, D.C. And of course, they raise taxes when you go out in Washington, D.C. They did mandates on the restaurants and the high. in Washington, D.C. What do we tell you about idiots running government in Washington, D.C.? And now I take you to Oakland. We take you to Oakland. Oakland has now seen 15,000 car thefts in the last year,
Starting point is 00:33:41 equivalent to one for every 30 of its residents. Why is that happening? Well, they said we don't need the police. We should take the money away from police. So now the police department is understaff. And they're too busy now with the 21% spike in violent crime to help. By the way, the places I am talking about all have one constant. I'm sure you know what that is.
Starting point is 00:34:14 California. What's that steely, Dan? If California tumbled into the sea. California's wealth tax arrives. We're just letting you know. California's wealth tax has arrived. I just want to let you know. Billionaires are leaving.
Starting point is 00:34:45 Actors and actresses are leaving. And they're going to where? Places where they don't pay 14% on their money on top of federal and places where they won't have to pay a wealth tax. But a San Francisco Democrat is saying that homelessness crisis in his district is absolutely the result of capitalism. Not what the California leadership and the San Francisco leadership is doing to the state. with control and domination of money and matter and regulations, and you name it. By the way, we are not making any of this up.
Starting point is 00:35:50 And lastly, something really weird. The FAA. Do you know what the FAA is? You know what the FAA's number one job is? What do you think that is? The FAA. The number one job of the FAA is safety. The Federal Aviation Administration, safety.
Starting point is 00:36:17 That's their number one job. They are now launching a recruitment campaign. We're not making this up. For workers with psychiatric problems, severe intellectual problems, and disabilities, as well as physical issues. Up next, we'll wind that one up. This is the one only investors' edge. Hi, I'm Dr. Jake Goodman, host of Beyond the script,
Starting point is 00:37:15 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.
Starting point is 00:37:47 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.
Starting point is 00:38:05 Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu.
Starting point is 00:38:51 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 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. Hershey's, it's your happy place.
Starting point is 00:39:21 You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. In the guesters H with Gary Culper. Okay. So our FAA under Joe Biden is being demanded to diverse and include even for air traffic controllers. And I'm not making this up.
Starting point is 00:39:55 Even with air traffic controllers, workers with severe intellectual disabilities, psychiatric problems, mental issues, all in the name of diversity. What else do I need to say? Safety. You know me. Everybody knows me. I'm the most generous, heartfelt person on this earth. Live and live live. Do for others. Always look to do something for somebody you need absolutely nothing from.
Starting point is 00:40:43 It's our mantra. It's what I taught my children. People with disabilities. Hey, need a help in here. hand, all for it, to be air traffic controllers? Oh, that's right. Pete Buttigieg is the Department of Education Secretary. They're doing this for one reason and one reason only. Diversity. Budajedjad says diversity is integral to achieving FAA's mission of ensuring, ensuring safe and efficient trial, ensuring an air traffic controller that has a history of mental illness, psychiatric problem, Now, I got news for you.
Starting point is 00:41:36 I bet you we already have air traffic controls that have had a rough go of it. But to do it as a program? Do these people even give a crap? You already know what they're doing at the border. They're letting anybody in. They've caught terrorists. And I'm just thinking to myself,
Starting point is 00:42:08 will it just take an airplane crash? Or how about a new election or somebody else? Joe Biden has got to. to go. It's an insane asylum emanating from the White House. Greatness is supposed to be earned. Jobs is supposed to be earned. Not given away because of this, that, or the other thing. And now, FAA, it was bad enough. Look what they hired at the run colleges. Look what they turned into. they're lowering their standards at the FAA?
Starting point is 00:43:03 I'm almost getting to the point hell, just bring on Trump yeah I did say that told you out a bunch of things like the Black Rock CEO you know a lot of them nauseate me a bunch of them should have been indicted in 08 but since their best friends are in D.C.,
Starting point is 00:43:36 nothing happened to them. Just want to repeat what he said. Black Rock, the CEO called Bitcoin, an index of money laundering within the last two years. He is now saying it's an asset class which protects you. Oh, I wonder why. Oh, the Bitcoin ETF. Oh, the BlackRock Bitcoin ETF. Do you think these people give a crap about you?
Starting point is 00:44:11 It's all about the cake, ladies and gentlemen. it's all about the cake. Just letting you know. And if Bitcoin gets cut in half, oh, it'll shut it down. Just letting you know. Last but not least in the conspiracy, and you know what I believe.
Starting point is 00:44:39 The Jeffrey Epstein's brother came out with a bunch of things saying how there's no way this was not murder. Well, you know what we believe as Mr. Logic. a man who can drop dime on the powerful was in a prison cell and it just so happened that the guards fell asleep and went away
Starting point is 00:45:01 they took his bunkmate out of there and somehow the cameras were off and the most preeminent coroner swears on a stack of Bibles that the way his neck was and the marks on his neck had nothing to do with hanging. And the media dropped it in how many days?
Starting point is 00:45:34 You've been conned. You've been conned, ladies and gentlemen. That's all I've got to say. You've been conned. So we did a bunch of market and just three days of news, three days of news that I just read it, send it to myself, and get on the radio show and tell you about it. Because, man, oh man, we need somebody in the White House that gets the hell out of our way,
Starting point is 00:46:06 keeps the taxes low, convinces some of these maniac states enough, stops this nut job what's going on on the border. It's insane. Remember the media reporting on Trump about the kids in cages? And they ripped them for months. They say nothing about Biden in the border. Do you know some kids died this weekend? They drowned.
Starting point is 00:46:36 Do you know why they drowned? Because they got a cross into the water and they're dead. Do you think they mentioned Joe Biden in the same sentence? No. Remember that truck with 34 of them died behind the... They were in a truck? Do you think they mentioned Joe Biden in the border in that sentence? we are going to be talking about this a lot more as we head into the election year because ladies and gentlemen
Starting point is 00:47:06 we need gargantuan change in policy and we're going to cover it all you have a great evening drive carefully when you get home do like we do quite simple make sure you hug your family make sure you hug your children they will feel better you will feel better i promise have a great evening anybody everybody thanks for putting up with us peace out take care by 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. That's GaryKK.com. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands and their innovative horizontal quick-draw fly is a game changer. With over 30, million pairs sold, there are thousands of men out there more comfortable than you.
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