Investor's Edge with Gary Kaltbaum - Flippety flop [05.12.2026]

Episode Date: May 12, 2026

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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 walk once again to Investors Edge. I'm Gary Colbom, your host. A thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is May 12th, Tuesday, 2006.

Hope you had a good day. Before we get going, yes, I'm the Dufus. Yes, I know how things work, but yes, I said it completely wrong on radio yesterday. We were talking about the redistricting and gerrymandering that has only to do with the districts in the House. The Senate is the states. And I believe I said the Senate also. Duh, just so you know, I know these things. It didn't sound like I knew.

Anyway, but something else I wanted to bring up just real quickly. I have made the statement more than once in recent weeks of the complete miscalculation by us on Iran. I've received numerous emails, half agree, half a cursing me out. that I'm being called un-American. Just so you know, Admiral McRaven has come out. This is A. N. Admiral now

and is admitted that the U.S. is in a worse position now than before the war started. He revealed that the Strait of Hormuz is completely closed and the U.S. failed to deplete Iranian missile sites.

Just letting you know. and we don't say it to put down. We don't have TDS. We say it because we believe in our TDS, and that's truth derangement syndrome. We continue to believe they're miscalculating. We continue to believe that the president talks too much. And has, today, on his way to China,

he's doing all these interviews. God bless him because Joe Biden was in a coma while this president doesn't stop and I know what he meant when he actually said I don't care about people's financial well-being. He meant in comparison to a nuclear bomb. But he did not say in comparison to a nuclear bomb and the Democrats are going to run that video 100,000,

thousand times. Quote unquote, I don't think about American's financial situation. I don't think about anybody. That's what he said. And again, I know people that understand he means versus

somebody having a nuclear bomb that can blow us up. Doesn't matter. I wish less of him, less Yapin, he put out 55 tweets last night. 55 tweets last night.

And you can go read some of them because you would think straight jackets and rubber rooms were needed on some of them. And I say this with so much wanting of him to do great things. Anyway, an admiral came out and agreed with everything that I have said. and hopefully things get fixed up.

I believe what's happened here. When you are a billionaire, the President of the United States, elected twice, lived through assassinations, you tend to believe you can do nothing wrong and say nothing wrong and everything you do is going to work out. and you do know Trump part of his M.O. is just say anything. And who cares what anybody says about it? Well, there's midterm election coming up and we'll see how it goes. I'm wishing them well. I can't wait to get out of this Iranian crap. I can't, I want oil prices up another three in change today. you know what's going on at the pump and it matters to the economy

it really does and I must tell you I'm at a gas station the other day and I'm filling up and somebody walks over to me and says yeah I've been watching you on Fox we like what you do can you please speak to the president about these gas prices this is what I got Anyway, anyway, anyway, in case you don't know, this is serious talk on everything that affects you.

We'll do the markets and quite the interesting day today. I'm going to give you some bad numbers and tell you all of the bad numbers were good. We'll do the economy, your job, your industry, anything that bubbles up, anything that matters. And there's a lot of crap going on. They're going to destroy the state of Washington. They're going to destroy New York City with these freaking communist policies. And by the way, I don't use the word communist as a pejorative. These people are control freaks.

And anything that matters, we will talk about. 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 X feed. If you don't follow us an X, you should. We're quite charming and sarcastic. And if you'd like to email me like these other people, I got a ton of emails on the things that I have said. Everybody was respectful.

The people that disagree with respectful except one person. Move to Canada. That's what somebody said to me. All right, so listen carefully. The NASDAQ was down 185 today. and it was terrific. The NASDAQ 100 was down 255 and it was terrific. The semiconductors were down 360 for today.

It was terrific. Simple, L-I-T-E, down 60. Terrific. Sandusk was down 95 bucks today. The leading name, down 95. Terrific. Seagate down 25. Western Digital down 27.

Terrific. No, I don't drink. By the way, I had my second drink this year on the weekend. As you know, I really don't drink, but I'll average five a year. I should mention this. If you ever have a chance to go to a restaurant in New York City, the name per se, P-E-R-S-E. It's in Columbus Circle. It was my top five. And you know, I go to these good, restaurants. I had a drink there. It was a toned down bourbon with the taste of black cherry and chocolate and it was so good. That was number two. Okay, so I said to you, oh Mike Ron was down 28 bucks. Terrific. Huh? How can that be? Okay. The areas I have just mentioned have come a very long way. Did you know that? Yeah, you knew that. They've come a very long way. And this morning, the NASDAQ, which finished down 185 at one time today, was a lot lower. In fact, the NASDAQ at one time today hit 25739, 350 points off the lows.

It was down over 500. I'm going to make sure of that number. Yeah, it hit 25739. That's about 350 points. It was down 535 points at one time today. and I must also tell you the low that was put in was at 1255 p.m. And I also must tell you something else. One, if you look at oil and yields today,

one would think there's no way that the market would come back. Because I got news for you. Oil prices are up four bucks today. Yields on the 10-year, Closed at 4463. You know what the high was of the last few weeks? 4484. The 30 years back above 5.

One would have thought they would have smacked the living crap out of this thing today, and they didn't. How about the socks? We'll be up with the socks up next. On this the one and only, investors' edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show.

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offered through call-bomb capital management. 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 Cult Bomb. It doesn't get better than this.

And welcome once again to Investors Edge. By the way, I still cannot believe that yesterday on this show, I was talking about redistricting and gerrymandering with the Senate. I'm not that dumb, I swear. By the way, in case you don't know, in the last 60 days, make it 90, I was very close to running for Congress. But somebody I know very that I'm not best friends with, I'm friendly with. Friendly business acquaintance is running instead, and I didn't want to compete. Pete with that person.

Maybe another time. I'm really interested because the Republicans are running away. A ton of them retiring. They know they're going to be out of power in November, most likely. That's the chalk. I'd be fine with that. But as of now, not happening. But if they bow out, I may jump in.

because it's needed. Okay, where was I? I even forgot where I was. Where the heck was I? Wherever I was. We're stretched, extended to the upside. You're having a real bad morning at a 1255, market bottomed,

and pretty much rolled towards the end of the day. What happened early, the Dow took over when the market gets defensive. it buys defensive. The Dow finished up today, 50 points, with the NASDAQ down 185, with the NASDAQ 100 down 255, which the socks down a big 363, but I got to tell you, after the move that it's had, it's nothing. Now, that doesn't mean tomorrow you go lower. We're not saying it's not. And frankly, it should. But what do I know? do want to let you know though listen carefully housing another relative low today retail did not bounce today and you know there are certain ones that I followed just for whatever names that were new yearly highs a few months ago boot barn down another 5% today burling retail housing housing related

autos auto dealers cruise lines airlines, casinos, to a lesser extent, hotels. Most restaurants remain an absolute horror show. That's the consumer.

So the negative today is the consumer stocks really crappy. Really crappy. And there's some restaurant stocks that have imploded Wing Stop Destroyed

Another New Yearly Low Never been to one Shake Shack New Yearly Low Just gap down Never been to one Brinker International Rolling over

Domino's Pizza Let me see where that is at now Domino's Pizza is at Pretty close to the 2021, and has been absolutely obliterated. So restaurants,

and I always wonder, is the market saying something? We know about oil prices, but we're being told, though, the economy's fine. The Atlanta Fed said, this quarter should be two and a half percent. And then I look at the markets,

and I'm like, hmm, hmm. Hmm. Fortunately today, the big banks found some support. Still not in bull mode in any way, shape, or form. J.P. Morgan's trading where it did last July, August. But earlier today, it was gagging even more after three bad days down for a JP Morgan and reversed the finish up a percent and a half. that was needed that helped the Dow. I also have to mention helping the Dow big time finally is United Health. Gapped up twice. One was on news about how much they get paid by our government, meaning our tax dollars. And then earnings came out which were flat, but better than expected. And do you know United Health is at a one year high?

New yearly high. And as you know, they've had a lot of price. You know this whole story. The old high was back. If I can get my little thingy here to work. The old high was back in 24. It's 607. 608 closed at 396 today.

It was 260. So good comeback. I have never bought hospitals. I believe I've bought United Health in the past, but I've always worried. You know, how many times I've seen hospitals and managed care stocks just out of nowhere crumble because, oh, something came out for the government instead of a two and a half percent increase, they only got one and a half and the stock would drop 22 percent. So I'm careful about those.

I don't think I've bought an airline since JetBlue and I think it was early 2000s and I made good money. I've never understood an industry where you can charge 500 bucks from New York to Boston, but 200 bucks New York to L.A. So I've never really bought airlines either. And by the way, to me, that's like protesting, charging for everything. And by the way, I haven't invested in eBay forever also. I got ripped off by some woman's business on eBay, and they didn't give a crap about me. wouldn't even talk to me, wouldn't help me,

wouldn't do anything for me. eBay gave me the middle finger on somebody on their platform screwing me, who by the way, ended up going to jail. She was selling fake vacations.

And like a dofus, I didn't do a credit card. I did a check. And do you know how sometimes things work? Seven years after it all happened. I guess she got out of jail and went to work.

She had to pay restitution. The county or city of San Diego, where she was from or whatever, was sending me checks to cover what I lost. Some of it. I never got the whole thing back. But sometimes things do work. I was the dofus. Anyway, it was supposedly a good deal.

So that gives you an idea what I don't do. But back on point, the, and maybe they worsen tomorrow, but the semis and some of the top flight names, Micron was down 80 bucks today. Finish down 28. That's what I meant. Hey, up next, more of this, that, and the other thing, and whatever else. This is the one only Investor's Edge. We're listening to America is talking Investors Edge.

He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. And welcome once again to Investor's Edge. Sandisk was down like 170.

Finished down 100. Still down 100. But you've got to remember what kind of a big move it's had. So just letting you know, NASDAQ, NASDAQ 100, the semiconductors are down pretty decently, but way off the lows on a day. Listen carefully, this is important, where oil prices are up almost $4 and yields finished right at the highs of the day. That kind of flummoxes me, but also tells me what the market's speaking out. Now, will it get hit tomorrow? I don't know. I don't even know what I'm having for dinner tonight. We're past a lot of the earnings.

There's a few here and there, and I know we'll get some retail and some other things. But overall, we're past most. I do want to make sure, be careful about the froth in speculation. still. They've been going up with a better market. Remember what I said the last time that ultimately, eventually, they're all going to go back where they came from

and they will have their moments again in a better market where froth picks up. Be careful. Be careful. I guess the word isn't heartbroken but it really for me, Some analysts put a buy recommendation on our poster child a few days ago.

OKLO. And again, this has nothing to do with the company. I don't know the company. I never met the people. They may be nice, but they have no sales. And we warned you on all these back in September. And at the highs, it had a almost $30 billion market cap, But no sales. It went from 194 recently down to 45.

And you know what it's done in the last few weeks with the better market? It's back up to 73. It's a big move. Still down from 194, but it's got a $13.5 billion market cap and no sales. No sales. Yet somebody, an analyst, put a buy recommendation on it. I can't tell you how much that pisses me off. And usually it's because they have some investment banking crap with them.

I'm not going to mention who. And they just reported earnings after the close today. More no sales. More no sales. What be freaking due. And again, we're not here to beat up on companies. We're here to protect you from what works and does not work. work in the stock market.

And we're not saying it's not going to have gargantuan sales going forward. We hope they do. But in the meantime, they have murdered a lot of the rare earth, nuclear, quantum computing, some of the drone companies. Just remember, when you buy a stock, you're buying a company, and you're also buying that valuation, would you pay $13 billion for a company with no sales? It's a damn good question that that analyst didn't ask. Just making a point.

And we'll keep reporting on this. It's big time important. I can't tell you how much money was lost in September, October, November, and all those no-sale stocks. They're a few down 80% from the highs. highly touted names down 80% from the highs. Highly touted. Anything else going on?

The president's going to China. He gets along great with the guy. I got news for you. The guy doesn't give a crap. I always hear about China. They're the enemy. I don't think China even cares. In case you don't know,

China has been building a monster around the world. Go look up the Belt and Road. I was in Athens, Greece, years ago. I don't know, about seven years ago. And I'm at the port. China owns 50% of it. I started to look up Belt and Road.

They've been cutting partnerships around the world and all kinds of businesses acting in their own best interests. And in case you don't know, they have a huge economy. Now, they've gone away. from a more business oriented to more communistic again but there's a I think they were getting 50-50

it's probably 30-70 businesses still function there if you go there you'll be able to see that I don't know the whole story on taxes and stuff like that but it's very weird that so many pundits worry about them so much

when we should all be partners. Simple as that. They have 1.5 billion people. I'd like to sell lemonade there. And they've had a lot of missteps. They built these cities, not just building, cities, where I was traveling with a guide down, I found a few of them. They have real estate problems, debt problems.

And he's a communist running the joint. Presidents there, who know. It's going to be great because that's what the president knows. Everything's great. As far as the Iran thing, nothing good is coming of it. I think at this point, as long as we don't go back to war war, I think we're okay. If we do and the president's threatening again, I don't know. all I do know is oil prices

light sweet 98 bucks right now and how about the Brent crude for July 107 and of course you don't give a crap about those numbers you just go to the gas tank the gas pumping you see what you're saying and it adds up

and of course some morons are blaming the gas oil companies that's not their fault They can only deal with the spot price that's based worldwide. It's not the gas stations fault. In case you don't know, gas stations make hardly any money on their gas. When I was looking to buy gas stations years ago, you know what they told me, who the owners? You know where we make most of our money in the store?

And there's a big margin on rolling papers. Seriously. Never ended up doing it though. Probably should have. Then again, Wawa is taking over now. Here in Florida, it's Wawa City. Wawa here, Wawa there. Wawa everywhere. Wawa and Buckees. But they only open in certain places. But when they open, it's like the size of an airport. If you ever been to Bucky's got to go check that out. It's an event. It's a big wow. So I think today was somewhat of a non-event, even though it was a bad day overall for the tech, NASDAQ, semiconductors, but way off the lows.

And for areas that are so stretched and extended to the upside and with oil prices at the high, of the day yields at the high of the day call me surprised maybe they get them tomorrow up next yeah we'll figure it out this is the one only investors edge you're listening to what do we're waiting for what are you waiting for one two ready go action investors edge with gary culpah da da what did i tell you head headlines Drudge report that gets billions of eyes. I don't think about American financial situation. The quote from the president,

oh, they're going to drive that baby home like there's no tomorrow. And that's what I mean by, I think they've got to watch themselves. I can promise you. The two years that the president finishes out his term, and Hakeem Jeffries is the Speaker of the House and they have all the committees, all hell's going to break loose. All hell's going to break loose. And the drudge hates Trump. It used to be very straight Republican, and they got to the point where they can't stand Trump. inflation came out today, by the way, higher than expected, and that's where the questions were coming from today. That be your story.

Apple, you ready for this? Has bought back $732 billion in stock over the past 10 years. And you know that helps EPS and undilutes you? That is bigger than 488 of the 500 stocks in the S&P 500. What a freaking story. Ready for the next one? Do you know Google bought YouTube for $1.65 billion? When did Google buy YouTube?

October 9th, 2006, 1.65 billion. It now generates 1.65 billion in revenue every 15 days. What is YouTube now worth? Between 500 and 560 billion from 1.65 billion. Holy crap. I don't use YouTube often, but when I go travel, I'll just put up whatever hotels I'm looking at and amazed at what's on there. Everything is on there. Everything.

I got a little business in Europe in a month. And I think I'm headed to Budapest. So I put up some hotels in Budapest. Budapest, whatever they call it. And I had no idea there's a Buddha and a pest. It's on different sides of the river. And they have one after the other people doing reviews on YouTube that have these businesses on YouTube. And they walk through the hotels and show you everything.

And I guess they get paid a certain amount. What an unbelievable economy that is. come from got them at eBay stores, Amazon stores, YouTube videos, Instagram. Instagram videos. Have you ever heard of this Yes Chef? It's like a 24-year-old guy that started. He's got like a couple of million. He now does these food festivals that thousands of people show up, post videos.

It's amazing. I've always thought about the last couple years. I should retire and just do travel videos as I travel the world. I think I do pretty well. But you know what you got to do. Then you got to edit and all that. These people are real professional about it. This guy, yes, chef, it looks like he's got a couple of people that are always with them with the camera and they do editing and things like that.

Do you know there's another guy on Instagram that has these three dogs and he feeds that. He's got a couple of million followers. And he's in a foreign country. They're like three pugs or boxers. And I watch the videos. I mean, they got you. And then you have all these workout people. And they have a bazillion followers.

It's amazing. I'm in the wrong business. You know why I'm bringing this up, right? Because as I have said to you, this AI thing, you never know what's going to come of it. And all these companies have been letting go with people. And we say become indispensable at your firms. But if you end up out, find your passion and put it up on Instagram or YouTube channel it or something like that. People are making zillions.

Do you know a few years back? I think I mentioned it's like an. eight-year-old kid in Thailand playing with toys and they're making like 12 million a year. They have that many followers. Not kidding. So I wanted to bring that up today because I'm looking at this YouTube thing and I'm like, and then I was reading these stories about these Instagram people that have 2 million, 5 million followers. And you have others that you know what they do?

They walk around and they give money to homeless and waitresses and stuff. They got millions of followers. This guy named Josh does nothing but good things for people. And it blew up big time. And I don't know. And then he has this community of people that he raised, he raised $78,000. I saw a video today for a woman who has a kid with cerebral palsy that needed a new van. Things like that.

I'm in the wrong business. Anyway, you'll have a great evening, drive carefully. Think about all that. When you get home, do like we do. Quite simple. Make sure you hug your family, hug your children. They will feel better. You will feel better.

I promise stay, well, be well. I'm going to work out. Have a good night. 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 GaryK.com.