Investor's Edge with Gary Kaltbaum - Froth melting [10.22.2025]

Episode Date: October 22, 2025

https://garykaltbaum.com/...

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Starting point is 00:00:26 That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. 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 Coltbaum, your host. A thanks for being with us today.
Starting point is 00:00:47 Glad you're here, ladies and gentlemen. Happy that you're listening. It is Wednesday 22nd of October 2025. Hope you're having a good day. In case you don't know, this is serious talk on everything that affects you. Oh, and we're going to be seriously talking in the first few minutes of the show today. And in case you don't know, we'll talk about the economy, your job, your industry, anything that comes to mind that we think matters. And boy, oh boy, there's a lot of crap that matters coming out of that place.
Starting point is 00:01:16 And if you do not get this radio show in your city, we're going to post it at garyk.com. We'll always post it at our X feed. And if you don't follow us on X, you should. By the way, we always get asked all the time, how come you never post stocks and charts on your X feed? And the reason is we see others doing it, and they're not doing right by you. Do you know how many people in my industry are putting up,
Starting point is 00:01:49 oh, we bought this, we bought this, we bought this, and then three weeks later, oh, we sold this a week ago, type of thing. If we put up something, we have to cover everything, not just legally, but logically and also in order to benefit. And it's a lot of work too much. And we have a business to run. And again, there are people out there that really piss us off. They'll put up, oh, we bought this, we bought this, we bought this, we bought this. And the market gets trash. and three weeks later post, oh, we sold it two weeks ago. No go.
Starting point is 00:02:32 So we do the radio show, we're on TV, we do these webcasts for our members, and we cover the base is pretty darn good. And you should follow us on X as we said. We'll also post it on the YouTube channel of BizTV, podcast apps, and if you'd like to email us, just be nice. All right, where do I want to start? Oh, it's very simple. bear with me are you ready okay trying to decide where I'm going to start okay let's do this one the poster child you know we haven't mentioned really symbols or anything in these no sales companies because you know we want you to be careful I'm just going to name one
Starting point is 00:03:22 symbol today. O-K-L-O. This is a it's described as designs and deploys advanced fission power plants to provide clean, reliable and affordable energy.
Starting point is 00:03:38 I guess it's nuclear and all that crap. And the stock has had a big run to the point at the recent highs was trading at 28 billion market cap with no sales. And we have simply said to you, just letting you know when all is said and done,
Starting point is 00:04:01 and we really don't know when all is said and done, just know when the bloom is off the rose, when the musical chairs, the music stops and there's no chairs. Companies, if nothing, changes that have no sales, that continue to have no sales, if we enter some sort of a bearish phase for this froth in speculation, these things will be murdered. Now, we don't know if we've hit the final high, the final top. All I can tell you, O KLO, that has had a great move, and I'm jealous. I'm jealous of all the vertical moves, but I'm not buying zero sales companies. Just let you in the last six days has gone from 194 to 118. 194 to 118, you can add that percentage up.
Starting point is 00:04:56 And I'm not going to mention any other symbols, if you don't mind. But let me continue to make our point. Remember we told you there's a nuclear stock that has actually been trading since the year 2000, 25 years publicly trading, and still no sales. Well, they rallied that up. It's gone from 31 to 21 in the last four days. You can add up that. How about Bitcoin mining?
Starting point is 00:05:32 57 to 38 in the last five days. Just not naming names. How about a quantum stock? 46 to 27 in the last six days. How about a... Another quantum stock. 58 to 36 in the last six days. By the way, this is the one. I'm not naming the symbol.
Starting point is 00:05:58 This is the one that with the CEO said, and I'm not making this up. We're not going to scale for years. You know what scale means. Sales. Let me continue. How about another nuclear? 57 to 34.
Starting point is 00:06:19 in five days. Rare earth. And we're not making this up. 81 to 31 in six days. No, we're not making that up. 81 to 31 in six days. How about another rare earth? 11 quarter to five, six days.
Starting point is 00:06:51 Here is by the way, a nuclear stock that has sales and actually makes money. $464 to $312 in five days. Quantum, 62 to 35 in five days. Nuclear, 61 to 38 in five days. How about a... Another rare earth. 100 to 70 in five days was 66 earlier today.
Starting point is 00:07:39 I must admit that. How about another quantum stock? This is not bad. 18 to 13 and a half in five days. How about space? How about 103 to 68 in five days? You catch in the drift? How about another rare earth stock?
Starting point is 00:08:10 44 to 24 in six days. Have you noticed we are highlighting stocks that have gone down 40 to 60 percent in five to six days? Have you noticed that? Oh, and by the way, I can probably go through about 50 others. 50 others. The froth and speculation, you know what these all have? in common, either no sales or very little in sales. Here's one, 32 to 14. Excuse me, 32 to 15. Rare Earth. That's been the latest. The rare earth. You think I'm done? How about another
Starting point is 00:08:59 Bitcoin miner that's gone from 74 to 51 in five days? Now, albeit, notice the big word, albeit that's actually a word some of these have had big runs and we're jealous but as we have told you when the music stops they're going to get murdered and I don't know
Starting point is 00:09:25 if this is the final blow or not maybe they go back up oh here's another one 19 to 13 I don't know maybe they have another run I don't know
Starting point is 00:09:39 maybe they keep getting blasted tomorrow. I don't know. It's just your handsome and buffed host living by our own rules based on the study of bull and bear markets, especially bear markets, and that is companies with no sales when things turn the wrong way look out below. And for whatever reason, the last six days was a pretty good unwinding. For whatever reason, the last six days in unwinding. And let me repeat again, I have no clue whether it stops tomorrow and they go back up. It keeps going lower.
Starting point is 00:10:36 Some drop 90%, which by the way, when all is said, and done, some of these will be dropping 90% plus. We just hope that you did not get caught up because unfortunately, there was Wall Street analysts putting out by recommendations on some of these things after they tripled and quadrupled and had no sales only because they were moving up. Up next, we'll put a bow tie on that. And much more today. This is the one only Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people.
Starting point is 00:11:40 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. 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, we'll carefully evaluate your personal goals
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Starting point is 00:12:56 Go to Tommyjohn.com today for. for 25% off your first order with code comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One VentureX 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,
Starting point is 00:13:21 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.
Starting point is 00:13:38 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 Spreker makes the whole point. process simple. You record your show,
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Starting point is 00:14:19 Sprinker, 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.
Starting point is 00:14:40 With Gary Coltbaum. It doesn't get better than this. By the way, something of note. And we're just going to tell you about a report. I'm not reporting it. The Financial Times is reporting it. Part of our worry with these no-sale, companies and a lot of froth and speculation is the announcements of how great things are and this,
Starting point is 00:15:20 that, and the other thing. And we have warned you that these companies, all these companies have what is known as an investment. You know what they do? They hire people that do investor relations. and their job is to get the word out and get announcements out. And remember what we said to you, we're worried about all these AI announcements. Well, I'm going to mention this O KLO, O'KLO. There's been so many announcements, joint agreements to develop this, that, and the other thing.
Starting point is 00:16:00 And by the way, we're not reporting this. We're reporting what the Financial Times is reporting. They're reporting that Oaklo does not have any binding contracts to supply power. Even though there have been all this talk about contracts. And again, we don't know. I'm covering my butt. We don't know. We're just letting you know what the financial times are saying.
Starting point is 00:16:33 And I'm not making this up. And I'm not going to mention who. on October 9th, the stock was 140 some odd dollars. This stock has gone from 17 to 140 since April, and somebody put a buy recommendation on it with no sales. Sickening to me. You know what that is? That is pressure being put on the analyst.
Starting point is 00:17:15 Hey, why don't you have a buy recommendation on this stock is high? Okay, let's put a buy recommendation on it. Here's one, September 29th, an overweight on this Oaklow. Nauseating. Here's one with a neutral rating. I guess that's okay. That means really don't want to own. On Wall Street Parliance, neutral is not buy, I guess.
Starting point is 00:17:52 We just wanted to start the show with you to just let you know. We don't know what the next move is. We just know we've been warning you for weeks and weeks and weeks and weeks and weeks. And we have a bunch of 40 to 60% drops. And we're not trying to say we're geniuses because we didn't have them on the way up. Because I don't have the grapefruits to own something on a Tuesday night and Wednesday morning. You know what we've said to you about biotechs with no sales. You wake up the next morning and the placebo does better than the drug in phase two trials and the stocks down 70%.
Starting point is 00:18:29 well let me finish this off again to be repetitive i don't know about tomorrow i don't know if they bounce them i don't know if they continue we're just letting you know in the last six days they took the bloom off the rose and 40 to 60 percent drops we hope you aren't in them and we know some of you may be in them because they've been touted like there's no tomorrow nuclear is the next great thing quantum is the next great thing Robotaxies the next great thing. Rare earth because of China, the next great thing. And all I know is all these companies that are trading, not all, most have no sales.
Starting point is 00:19:17 They're specs. And even the one I mentioned to you that has good sales in the nuclear has gone from 464 to 313 in the last five days. And that's what is known as, you know, it's no longer bullish event. So we'll keep you informed. I repeat again, I have no clue what they do with it tomorrow. Also, they've been kicking the teeth of some of the AI stuff now. I can tell you that, you know, this GEV-E-V-G-E-V-G-E-V.
Starting point is 00:19:58 They opened it up at 609. I will tell you to hit a low of 532. closed at 576. Wild swing today on earnings, but it's just very tough sledding right now. They went after those over the last week or two. They went after today the construction type names that supposedly are going to power and grow and do this and that for these data centers. So just a little bit, Icky, I will tell you that Dow was down 330 and the NASDAQ was down 2.30. team, but I got to tell you that actually finished well. NASDAQ was down over 400, and they brought things back towards the close.
Starting point is 00:20:43 And we're in the midst of earnings season now, a ton of earnings to come out. I have no clue what earnings is going to do. I can tell you that overnight, Hilton was up nicely, intuitive surgical up nicely, but GEV was up big and finished down, and VRT was up big and finished down, and Capital One was much better and finished only up three. And I guess we have Tesla after the close, IBM after the close. Who the hell know what's next? Got a few thousand names.
Starting point is 00:21:12 And as we tell you, what we do is wake up early, finish late and go through them and see where the reactions are and what they say and all that fun stuff. And speaking of reactions, Netflix today was down $125, dollars, breaking near-term support going back about six months, which was around 1140, 1150, closed at 1116. Volume was four times average. They missed estimates. They said this, that, this, that, this that. Brazil, this, tax that.
Starting point is 00:21:47 Don't care. Bad action, institutions get now. Don't know why they made that decision. I only care about the decisions that's made. just letting you know on Netflix. And that's one of the big names. It's number 10 in the NASDAQ 100. It's number 18, the S&P.
Starting point is 00:22:06 So not the biggest the deal. You don't want to see a number one, two or three down 10% on their earnings. And of course, everybody's going to be reporting in the next two to three weeks. That stood out. And it's just a mushy day. But definitively off the lows, I got to tell you, two o'clock, I was like, holy crap. But definitively off the lows, we'll take it.
Starting point is 00:22:38 The big indices, they had a rough day, but they remain with that trend above the 50-day moving average with some warts as of recent. You know, with the president in tariffs and China and tariffs, and he mentioned something today. Tariffs. Who the heck knows? I don't know what's next for him. God bless him. I hope he does great things. Up next. What else on the market? And boy, I got a good offer today. Wait till you hear this. I don't know if you've been getting this. This is the one
Starting point is 00:23:13 only investor's edge. 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-drop fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort.
Starting point is 00:23:59 Tommy John. Comfort perfected. 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.
Starting point is 00:24:26 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 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,
Starting point is 00:24:45 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's 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 Spreker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to.
Starting point is 00:25:24 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.
Starting point is 00:25:42 Uh, hey, by the way, they really got us. you know I turned 65 recently do you know this is not an exaggeration I've gotten a hundred pieces of mail from Medicare insurance and all that 100
Starting point is 00:26:08 techs maybe 25 to 50 hey join the umana Medicare plan the United Health do they just have they just have us they all know I turned 65.
Starting point is 00:26:26 I didn't know they were allowed to have that. I guess they got you, don't you? Don't they? They really do. They got you good. Which one did I get today? Oh, I got the Eumano one today in the mail. Oh, and don't start with how many brokers have tried to get in touch with me.
Starting point is 00:26:52 Oh, man. I didn't realize brokers do that. You know, I use my good buddy from. high school, I didn't realize that that's a business. And it's a big business. They gotcha. By the way, the only one I see in the aftermarket right now, IBM's down $10 in the aftermarket from 288 to 278. But was up six today. So it's really only down four on the day. And of course, it's trading like a pinball machine so anything's possible during the aftermarket. By the way, so I get this in the mail. I don't know if you ever gotten this.
Starting point is 00:27:29 I just got an offer from a bank. I'm not going to mention who. It's a regional. If I open up a checking account with $2,000 in it and keep it for 90 days, and then I could shut it afterwards, they'll give me $450.50. Really? And then if I opened a traditional savings account with a deposit of $3,000 and maintain it just for 90 days, another $250. They'll give me $700 just to open a checking. I just have to take $5 grand of my money and open a checking and savings account. They're going to give me $750 for 90 days. on five grand, if I spread that over a year, that's like 13%, but it's for one quarter. It's like 52% over a year.
Starting point is 00:28:38 Have you ever got, I don't think I've ever got that. I don't know if I'm going to do it or not, but I just may, just to see if it works. And I look at the bottom, you know, they do the little disclaimer at the bottom that Superman couldn't read because the letters are so small. I read it, it looks like it's for real. Just need to complete all the above requirements for the checking account. You just need to keep it for 90 days. I can shut that sucker down after 90 days. How does that benefit the bank?
Starting point is 00:29:11 Oh, I know. They're hoping once you open the account, you're going to do more business with them, and maybe you'll do a mortgage, and maybe you'll get a credit card from them. But I wouldn't do that. I would just take the money. $750.
Starting point is 00:29:30 That's some... A lot of dog food for Winston. And Winston gets special dog food. Anyway, just letting you know. I'm not going to name the bank. IBM now down $14 in the aftermarket. I don't see really anything else. I know we're waiting for Tesla and all that and some other crap.
Starting point is 00:29:52 IBM is in the Dow and all that. And, you know, we got a lot of noise today. The Treasury Secretary says all options are on the table with China. They're meeting with the President of China is still on schedule, even though I think three times today, President Trump said, we're going to have a meeting or maybe not, or we're going to have a meeting or maybe not. Yay. What can I tell you?
Starting point is 00:30:22 Ah, Tesla misses by, wow, six cents. Gross margins are down. The stock is only down. Interesting. Three or four bucks in the aftermarket. Do you know why? The cyber cab is on track for production. So let me be clear.
Starting point is 00:30:46 The Tesla numbers are not good. But all the talk of the cyber this and cyber that and robots. And for all I know, Elon Musk is not a doofus, is he? Las Vegas Sands is up two or three bucks in the aftermarket. Not a bad move. And by the way, the numbers on Tesla. 50 cents, they expecting 56. That was versus a 72.
Starting point is 00:31:12 So earnings were down 72 to 50%. Ew. Only down four bucks. That's a win. That's a big win. Only down four. And it'll probably be up by tomorrow. Gold.
Starting point is 00:31:30 When you have a chance tonight, go look at GLD and you'll notice if you have a 21 day moving average on your chart like I do. The 21 day today was 368.49. It went down to 368.93 within 44 cents and bounced pretty well and finished up on the day. so maybe maybe gold put a line in the sand after just two days and remember it was down like 26 bucks yesterday
Starting point is 00:32:08 and gold miners went green today again as I think I said yesterday I don't think the bull market's over but it can have some price and time in here which means backing and filling and backing and filling and backing and filling
Starting point is 00:32:23 we'll see Maybe it just goes right back up. Gold. Bitcoin, call me surprised, was weak today. You gapped up on Monday after a bad drop, like six days in a row. Yesterday was down in reverse, and I'm thinking, all right, we're cool. Gap right back down today. If the I-B-I-T or the GBTC breaks the low of Friday,
Starting point is 00:32:56 we'll be talking about something more icky for the crypto. Just letting you know. And yes, you can continue to thank me on Micro Strategy as it hit another relative low today down another $21. Hit a high of 457 in July. It's 280 today. You may thank me. And Coinbase, that's also very weak too.
Starting point is 00:33:24 So, a lot of jello moving on the plate today. That's all I can tell you. Wicked. Oils were up today because oil prices bounced two bucks today. Never thrilled with that, but oil prices. The USO, which is the spot price ETF, went from 78 to 67 in three weeks. You're going to get a bounce. was up 3.5% today.
Starting point is 00:33:57 We just don't want oil uptrends. We like downtrends and bounces. We don't want uptrends in oil. That is the cost of energy. And also, by the way, thousands of products are made with petroleum. The good news is oil prices have been stable to lower. for like three years, for three years. And that's what we really want to see.
Starting point is 00:34:32 Anything else stick out? Yeah, just growth stocks were not very good today. Smashed and mashed. Carvanna, down for 29 bucks today. I guess they're always being accused of chicanery on the account. counting front. I have no clue. All I can tell you, it's had a big run off the lows of 22 after the bare market. A short seller had comments today. Jim Chanos, who I actually liked the guy, one of the people I listened to, was discussing it. I don't know. By the way, Carvanna is that thing where a bunch of cars are in a, if you go on the highway and you see it on the right side, there's a bunch of cars in a cylinder.
Starting point is 00:35:23 I guess that's Carvana. I've never done business with them, so I don't know what to tell you. Anyway, rough day, and Carvana stock's been in a nice little bearish phase, ladies and gentlemen, and we'll keep you informed. We're always interested when some smart people worry about what companies have to say along their accounting. Up next, what the heck else happened in the market today? It's no use putting it off. The best time for an underwear refresh is now.
Starting point is 00:36:29 Tommy John underwear is designed for a perfect fit that stays put all day. They're 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. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com, code comfort. Tommy John.
Starting point is 00:36:54 comfort perfected. 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.
Starting point is 00:37:20 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 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.
Starting point is 00:37:43 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's 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.
Starting point is 00:38:17 You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! Investors Edge with Gary Culper. And welcome once again to Investors Edge. You know, I'm thinking I may just take this bank up on this, get $750 and give it to the
Starting point is 00:38:58 Boys and Girls Clubs of Central Florida. By the way, I'm always skeptical of these things, but I read it up and down. Give them five grand for 90 days and they're going to hand me $750 into the account. Cool. updates IBM down 12 bucks in the aftermarket to 275 Tesla down 6 bucks on those crappy numbers
Starting point is 00:39:31 I'll give it that Lamb Research reported I got that up four bucks boy that stock's been acting pretty damn good the semiconductor equipment stocks yeah that was actually down four bucks today and is getting it all back. Let's see if SAP reported, up, down $7.
Starting point is 00:39:56 SAP, an important German software company. And when we say $7, it's a $270 stock. Las Vegas Sands closed at 50.5. I got it 53 and a half. Ooh, United Rentals. My second favorite, economically sensitive name to watch, and it's had a good run. on crappy numbers.
Starting point is 00:40:25 Hmm, I'm not making this up. They missed by 52 cents closed at 991. I'm showing a bid of 901. Down $90? That's the bid. Well, I'm showing the offer $20 higher. Well, let's just say the offer, it still would be down $70 in the aftermarket.
Starting point is 00:40:49 Happy days. Wow. Yikes. United Rentals. What else? I'm not going to bother with D.C. today. The government's still shut. They're going back and forth.
Starting point is 00:41:08 I guess the left is all pissed off that Trump is doing something at the White House, a knock tearing down a wall, putting up a ballroom, whatever, whatever. And the greatest influence peddler of all time, Hillary Clinton comes out and blasts him. Do you know how many times president? have done things at the White House throughout our history, a lot. So all of a sudden, here we go, Trump's the Antichrist again because he's doing some things at the White House, which, by the way, he's allowed to do.
Starting point is 00:41:43 I just love politics. Aren't they just wonderful? Speaking of politics, so I have in front of me somebody's student loan. And I'm thinking to myself, oh, and by the, way, President Trump, the administration is allowing student loans again, but grandfathered in student loan forgiveness. I guess they realize the young vote's going to matter next November, because I think they could have done something about it. You know what I was just thinking to myself? Our government's really not fair to us. Why is it some people get their student loans
Starting point is 00:42:33 relieved and others don't. Now, guess what? I think police and firemen and fire women and police women, I think those student loan should be relieved. Public service. I'm good with military, hell yeah. But, you know, absent that, why does one person get their student loan relieved and the next person doesn't? I think that's BS. The picking and choosing a people. That's what Biden did. oh you're that group okay we're going to relieve you you're that group go screw you catch my drift isn't it supposed to be fair and equitable as they say but fair and equitable to them is only fair and equitable what matters to them that's the shame that's the shame anyway and i'm not going to mention who student loan this is just somebody i know uh they owe still 24000 paying
Starting point is 00:43:41 350 a month, and is interest, and for a while because of COVID, they stopped the payments and didn't charge your interest. I'm just looking at it. Yeah. All right. Anyway, welcome to your government deciding whether they like you or not. If I ran the country, that would not be happening. It should be fair, don't you think?
Starting point is 00:44:14 All right. So, wicked day, wacky day, off the lows day, but definitely some deterioration day, into earning season, where, hey, Lamb Research up, Tesla down, IBM, really down, United Rentals, getting smoked. And only two or three thousand more in the next three weeks. Next week will be Amazon, Apple, Google. I don't know why they changed their name to alphabet and we'll just take them one by one and fingers crossed we get good reactions out of them gold as we said held some vital support go check it out gold miners reversed also
Starting point is 00:44:57 but I'm quite agnostic in the near term oils bouncing but oil stocks ain't doing anything for me certainly not an uptrend the main thing for you today was what we did at the beginning, man, the froth, the speculation, and one of our main themes coming to fruition, and we hope you were not caught into it, and we say that no, and we don't know what's next. We know what the ultimate outcome is. We don't know if they bounce them or keep going.
Starting point is 00:45:35 All we can tell you is we listed a bunch for you down 30, 40, 50, a couple of 60, percent in five to six days. And we warned you in front of this, not knowing when they would do it, but that they would do it. I've never understood. And again, there's one that's been public for 25 years with no sales. I'm in the wrong business, by the way. Somebody got to explain that to me. You all have a great evening. Drive carefully. When you get home, do like we do. Like we do. 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 they will be well. Always appreciate you being here. Good night. This has been Investors Edge with Gary Cult Bomb on BizTalk. To listen to past episodes
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