Investor's Edge with Gary Kaltbaum - good bounce [12.21.2023]

Episode Date: December 21, 2023

https://garykaltbaum.com/

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Investor's Edge with Gary Kaltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Kaltbaum. And look once again to Investors Edge. I'm Gary Kaltbaum, your host. A thanks of being with us today. Glad you hear, ladies and gentlemen, happy that you are listening. It is December 21st, Thursday, 2023.

Hope you are having a good day. This is serious talk about you and everything that you and your money and your job and the economy and the markets and everything under the sun. Again, happy holidays, travel safe. Looks like a lot of the weather pretty good, so we'll be all right, but you may want to get to the airports a little bit early. Unless you have TSA pretty and clear like I do, which on some days are really worth it. Anyway, we'll be back here tomorrow. We're not leaving just yet.

Lots to cover, as always. And if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it at our Twitter feed, which is now X. And if you want to follow us on Twitter, you go there or X and put our name in and follow. And you can email me and you just have to be nice. And by the way, we offered this little webcast yesterday. We did a webcast. middle of the day yesterday on the characteristics in bull and bear markets with the moving averages.

And we told everybody that those that are not part of our membership, we have this little thing going on, and just want to get the webcast, you have to donate minimum $20 to the Boys and Girls Clubs of Central Florida. We're going to keep that on until tomorrow. It's BGCCF.org. Some people sent it to the Boys and Girls Clubs of America. So you've got to put in BGCCF.org. 20 minimum. We had some people put in a lot more.

We had a ton of people do it today. So Boys and Girls Clubs of Central Florida as well, I think somebody sent one to Chicago, the Boys and Girls Club there. So if you'd like it's really worth But don't just watch the webcast I think it may be an hour long You should keep it and study the hell out of it

And if you own any stocks that are down 50% Go take a look at them On what we show you And you'll get an understanding on How to not let that be done ever again to you So again If you'd like the webcast Go to BGCCC.

CCF.org and donate $20 or more, the more the merriar. Notate that you can put in honor of Gary Kaltbaum or because of Gary Carlpom, whatever, so we'll know. And then email me at GaryK.com GKulbom and callbomb.com and callbomb.com. And we'll send you the webcast link. And that is all. Okay. As you know, we have been talking about Israel, usually at the

front of the show every day. And I don't want to really get into specifics. I want to talk about what I saw today. I guess this is specifics. I saw some interviews of students that are anti-Israel. I'm not going to say they're pro-terrorist, but they're anti-Israel. They're upset that the United States gives money to Israel for defense. They say Israel is committing genocide. Genocide. When they are asked about what do you think Hamas, the terrorists, they don't answer the questions. I weep for the ignorance of these people. I, I weep for the total ignorance of these people that they take, because there's a group of people yelling and screaming, they take it as gospel without doing any homework on Israel. What a shame.

We're finding out they're learning this from a bunch of anti-Israel teachers at a lot of schools. and they're being taught about Israel. And unfortunately, they're being taught just plain old lies. And as I've said to you on this show, I won't even get into a debate with one of these people because it really is playing tick-tac-toe. When you bring up Hamas and what they did, they say it's propaganda. Oh, Israel did it.

These are the things we're getting. I went to Auschwitz, I think maybe eight, nine years ago. It changed my life. I've also been to Terazen, another not so great place, when I went to Prague. Outside of Prague, we took the drive. I came away, and you read stories how some people and some companies knew back then. but I came away with this thought process. And my one thought process was, it's good to see how people are in recognition of this and can never happen again.

And now we found out a bunch of racist, bigoted, Jew haters, Jewish haters. at glamorous schools are part of it and are proud of it and get away with it. And we're seeing it in many areas around the globe. And just remember, when we see this, it's not the masses. It looks like it is. In London, they have led in so many anti-Jews, anti-Israels, that they're being. overwrought. So we're going to continue to play

tic-tac-toe and you just can't even argue the points. You can show them the video what happened. You can show 1,200 dead. All that they care about is, oh, look, what's happened in Gaza, where the terrorists are hiding and killing soldiers.

They're finding tunnels, terror tunnels, massive amounts of armory. They don't care. people that are anti-Israel don't care that the terrorists stole all the money directed for the people of Gaza. They don't want to know anything. They don't want to know truth. And we were warned about this many, many years ago. And it's unfortunate that there's nothing you can say or do. If you watch videos of people taking down the posters, and then when

somebody videos them, they say, F, Israel, what do you do? So we're just letting you know, Israel is going to get the job done. They'll get out of there. They'll build back up without the terrorists, and they'll get back to business. That's what they're going to do. And they'll make sure it never, ever, ever happens again. That's what they're going to do while the rest of these idiots are protesting. I was looking at the numbers today of how many people died in Syria at the hand of the Syrian government. I looked at the numbers in Ukraine and Russia, Russia going into Ukraine. I looked at the numbers in Nigeria and Sudan and China and the Uyghurs and North Korea and all these other places.

No protests. It tells you everything you need to know. So it's depressing. We'll move on. Let them live their splendid lives. Thanks for listening on that. It is meaningful because I don't know how this ends up. But I do know one thing.

Usually in the end, the peoples, the people that get up every day, live their lives, love their families, and work hard. In the end, win out. The people that hate, bigoted, and this is, we're not just talking about Jews, blacks, Hispanics, Asians, gay, trans, there's no room for bigotry on anyone. We stand by that one thing. We stand by that one thousand percent and with us there's no shades of gray on it we'll just continue to put our best foot forward hey up next the markets of course i'm gary this is the one only investors edge hi i'm gary colpom 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

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Investors Edge. The last bastion. of quality programming with Gary Coltbaum it doesn't get better than this okay by the way I just want to let you know I'm really proud of myself as you know I had these

unbelievable painful back spasms for months and I told you the whole story that they came out of nowhere and I thought it had to be nerves or discs and I went to the doctor slash shirt and they said it's spasms and I said you're telling me spasms are enough to make me crying on my knees

and he said blank yes and I go what is it from what you have is you're something is attacking something and it just happened to be in this area where I always used to get injured when I used to play on the college tennis and I did a little bit of the tour and went owen Aiton never made a dime and quit quickly and he says to me this is how it's going to go away. And I just followed it. It had to do with physical therapy and stretching like a madman. And he actually even said to me about 12 weeks.

In the 12th week, I had the worst spasm I ever had. And I'm like, holy crap, this is going to be forever. And it was the last one I've had. So we're about three months later. And I worked my way back into working out. I got to tell you. It is looking some damn good. And at my age, I'm thinking, how am I going to get muscles back?

I didn't work out for four months. It works. You just got to do it. Did 40 minutes on the incline today already. I'm going to do another 40 tonight. So for everybody out there, you've got to stay in shape, man. Exercise. And just so you know, 20 minutes, 30 minutes a day.

And get off your arses. That's the other thing. I don't sit anymore. Anyway, just letting you know. Yesterday, the market dropped like 500 points in two hours. And I came on this show and said, there is a chance we're at one of those moments, a moment where things change.

But we said to you, it's only because of how strong the market's been. You had a good run. Pullbacks would be. be normal. When we talked about the webcast that we did showing moving averages, we had stated it is normal for markets that get too extended to the upside or the downside revert back to moving averages. Too far down, they bounce up towards declining moving averages. Too far up, they pull back towards ascending moving averages. We wake up this morning after such a drop, the Dow's up

300, right at the open. The NASDAQ up 180, right at the open. And I'm thinking to myself, really, yesterday was nothing. And midday, we were only up like 60 on the Dow. During the day, the NASDAQ was only up 70. In fact, it was at 125. The Dow, the Dow, was only up like 60. After being up 300 and changing, I'm thinking, uh, distribution. Well, I can tell you from 310 today,

the Dow went from 37213 and rallied up 200 points in the last 45 minutes to get back what it lost at the open. Basically right at what it opened at. What does it mean? It's simple. Number one, what I love today is that the semiconductors got back a lot of yesterday. And you know that's the most important group to me.

What I like today is that the market had a chance to be distributed today and came back at the close. We told our members midday today, hey, we just scanned 1,500 things. looks like just normal. And so far, that's what it is. Yesterday's high is still out there. We'll see if it really meant something. The main point is the Dow still right now is trading at, oh, a measly, 2,500 points above the norm of the 50-day moving average.

And that's what we mean. But I can tell you this. We called today a great day because of two reasons. Yesterday and stretched and extended did not matter. And as we did our scans today, we found some more setups to play off of. We found the other part we said to the members, we found nothing breaking down. Nothing. And we mean nothing?

well out of 10,000 stocks, you've got a few. In order for the market to get in bigger trouble, we would know it because more stocks would be breaking down. Instead, as we scan, just good day. We'll know if things worsen if today's low gets taken out. We're talking a little short term here, but this is how we're rolling. if that does not get taken out dang we don't care that we're into the holiday and you got the season we don't care about that

we don't care what date it is we're just letting you know a very bad drop yesterday a great open today a very suspect middle of the day and at the end of the day pop and we already did our scans we're going to do one more later

and as let me repeat, we found nothing breaking down, strong semiconductors, very good advanced declines, and just really not a lot of trouble, and some more good reaction to earnings. Carnival cruise lines guided lower. It was up 6%. Micron with another huge loss, another huge loss, breaks out to new high. highs. Oh, margins are going to get better. Even though, just so you know, the business was cut in half in the last year, sales. Syntas. Interesting. You know what Sintas does? Uniforms. They do about 10 billion in revenues, 9 to 10 billion. Stock was up 36 bucks to 590.

Uniforms. I would call that economically sensitive. Those type of reactions do not happen in bare markets. Just letting you know. So call me more than impressed on today, especially after yesterday. Did it change anything I did? Nope. Every day we're on hunt for new things. Up next, more on the markets.

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Comfort perfected. You'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 Investors Edge. Now let me give you just a little bit of the negative side. And this is just tinkering a little bit. We had 800 New Yearly High as a few. what is it, Thursday, Monday, we only had 200 new yearly highs today. What does that tell you?

That high yesterday was a lot of stocks hitting a relative high. So that means it is weaker out there, but again, I have to tell you, weakness would not be a biggie right now. And I must tell you another part of my thought process. I really wish, listen carefully, this may sound crazy, we go lower for a bit. There's too many smiles on the bull's faces. You should hear how they're talking now. Two months ago, the Russell 2000, 2,000 stocks at bare market lows.

The Russell 2000, bare market lows. the financials were trashed big and small now everything's great they didn't see it November 1st when we saw a turn so again let me be repetitive really impressed with today the close tomorrow be another day we hear tomorrow will the trading will slow down everything counts to us. Everything. Little data points. Just letting you know. The airport here, doing good business. Orlando. Just letting you know. The parks, doing good business. Just letting you know. The parks, doing good business. Just letting you know. Other airports doing good business. Just letting you know. I'll be traveling extensive.

this weekend. I've got a few places I'm going. I don't know what I'm going to do over the New Year's weekend yet, just yet. The housing market, just letting you know. Here in Florida, fantasy pricing coming down. What people did, I have noticed. I have seen. People putting up homes for 1.5 million. dollars that in the year 21, I'm not making this up, we're 900, fantasy pricing. What's interesting, I noticed the couple that got sold at fantasy prices, but the norm now, just letting you know, and this is in different areas in Florida, fantasy prices are coming down. to what extent I do not know I saw a 5.5 million

dollar house dropped to 4.5 I saw a 3.8 million house dropped the 3. I saw a 2 million dollar house dropped to 1.7. I seen a bunch of $1 million houses dropped to 850 or approximately.

Obviously there's not as much give on 3 to 500,000 houses. They've been coming down. 5,000. 10, 15 at a time. Movement in houses, very, very slow. Inventory picking up.

The more inventory that comes out, the more pricing will come down. That is how it works. The reason why more inventory has not come on is because who the hell wants to sell a house with a 3% mortgage and buy another one with an 8. I'm hearing mortgages around 6.7 now. So definitely better. Where it stops, I don't know. We're not going back to 3% unless we go into a depression on mortgages.

And J-Powell still has a job. Because the Yachts will then go back and do the stupid again. take rates to zero, print the hell out of money, cause big inflation again, next go around we ain't going to come back from. So let's hope that does not happen. That's the housing market. Autos, good time to buy an electric vehicle. Used electric vehicles coming down markedly.

Tesla lowered prices many times. over the last year to move inventory, electric vehicles. I'm starting to notice a lot of television ads for zero percent financing. Interesting. Why would auto dealers do that? Ooh, they've got a lot of inventory. So just letting you know, it's becoming more of a, buyer's market on any number of things right now.

If that changes, we'll let you know. If you were looking to buy homes, I'd still stay patient. It's just a guess, but I'm thinking there's going to be some better deals coming down the pike. I just saw Sugar Ray Leonard, the boxer, took his $50 million home down to $39 million. Okay, so I'm talking big there. I just saw that. And let me tell you, that dude's got a nice home.

Wow. Oh, and by the way, I was at Sugar Ray Leonard's fight against Marvin Hagler at Caesar's Palace. Marvin Hagler won. He was ripped off. Damn straight he won. Judges gave it to Sugar Ray Leonard. Who, by the way, one of the great boxes of all time. So that's a little bit of here and there for you as we head into the new year. Very impressed with today.

Could have really been a signal day if they sold off the hot open. They tried. They couldn't do it. And I can't wait to scan again after the close because I got to tell you, Ford and GM are breaking above some range here. There's new stuff every day. Yes, believe it or not, take a look at the chart of Ford moving above another little range. GM going exactly along for the ride. Yes, we notice these things.

By the way, we're not telling you to buy them, selling short them or cover them. We're just letting you know what's happening. And that's a little bit of our take. And to be repetitive, just not finding anything breaking down. You know what I have to the left of me? My legal pad from October 16th, filled with hundreds of stocks in bad shape, they've all turned. Most all. Even the worst areas, like the solars, have turned up a little.

Whether or not they keep going is another story. So stay in gear. We'll keep figuring things out. Close our eyes, hold her nose and pray. But very good day today. I have nothing to complain about. Let's hope it continues. And I've already been emailed my surprise by today.

Yeah, I shouldn't be. But yeah. Nike after the close? Not happy. It's down six bucks to 116. Nike's had just like everything. A move off the lows recently. So that'll pull back a little bit in the morning.

But overall, most earnings reactions have been pretty darn good. Well, FedEx was not. FedEx down a juicy 30-something on their earnings report. Crack that bad boy. And about three and a half weeks, we start all over again with earnings. Up next, this is that and the other thing or whatever else. This is the one only investors end. 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. Today, we're exploring deep in the North American wilderness among nature's wildest, plants, animals, and cows? Uh, you're actually on an Organic Valley dairy farm, where nutritious, delicious organic food gets at start.

But there's so much nature. Exactly. Organic Valley's small family farms protect the land and the plants and animals that call it home. Extraordinary. Sure is. Organic Valley. Protecting where your food comes from. Learn more about their delicious dairy.

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. Don't settle for less.

Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com.com code comfort. Tommy John. Comfort perfected. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action!

In the Gester's Edge. With Gary Culpa. Well, you know, I got to cover some things that I really don't want to cover, but there are facts of life right now what's going on in certain cities, and it really is depressing is all hell. But you need to know this. It really is insanity run amok. I want to start with, and this is the headline,

Road rage driver Byron Burkhart appears in court after killing four-year-old boy by firing eight shots into a family's vehicle. In a city called Lancaster, California. Oh, that's a big story. It's a big story. Big story. days before this murderer will spend his life in jail now, was in custody the week before. And the week before that on, gun-related felony charges was let out no bail.

Four-year-old dead was let out. Yet more cities are going with no bail. How about this one? Austin, Texas, a DA is being slammed for allowing a man who killed two people in his seventh drunk driving incident. He was allowed to walk free because his charges were reduced to a DWI and got out. killed two people his seventh drunk driving crash walked out what do you have to pay on a bond on 10,000 a thousand

he was initially charged with manslaughter and they changed it even though it was his seventh seventh people are dead we hate reporting this to you I don't know if it's the right word it's an epidemic of crime because of

they know they get away with it. Next, the Texas governor, Greg Abbott, enacted a sweeping new powers allowing cops to arrest illegal immigrants and send them back to Mexico. And then it says it's setting up a showdown with the White House. So let me get this straight. You're the governor of Texas. People are committing crimes coming into the state and you want to just send them back and you can't.

I saw there was a big to-do. You know that sports guy, Stephen A. Smith said it was racist what the governor of Texas is doing. Racist. Racist. Racist. To try to protect your borders of your state is racist. and Biden that has destroyed the border wants to take this on

do you know how many people are crossing every day and do you know how many we know about 0.0? We're so screwed. We're so screwed. And remember me I think immigrants are terrific, fabulous. My best friends when I was a kid

came from Cuba and the father started with nothing, became a president of a bank. Bring them all on, legally! In the news. We just have to mention this, EV startup Nicola, where the CEO came out and made big claims, and we used to laugh at him because it was one of the SPACs.

Remember when every SPAC was another electric vehicle company? It was one big giant scam, the whole SPAC industry. He was just sentenced to prison. I think four or five years, the CEO, he'll probably do nothing. What do you get? Good behavior? A year?

He came out and said he had billions of dollars worth of contracts. He had Bupkis. And there's been a bunch of those. What was the other one? Simple was Ride. This one was NKLA. Wanting you to remember all that. Do you know why?

Oh, it'll be repeated again. No, no, no. It'll be repeated again. In plain sight. All these people lucky, I'm not a regulator. They would have been buried before they started. We will take them all on. And that's a little bit of this, that, and the other thing.

I hate a four-year-old kid by a guy who was let out. Two separate crimes, gun-related. No bail. What does it take? What does it take in some of these cities? What does it take? Does it take one of these DA's family? to be shot and killed by one of the people they let out.

You'll have a great evening drive carefully. Sorry about the morbid, but it's something we've got to think about. And 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, everybody.

Really appreciate your time. And those who donated. BGCCF.org. Bye, 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. 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. Today, we're exploring deep in the North American wilderness among nature's wildest, plants, animals, and cows? You're actually on an organic valley dairy farm,

where nutritious, delicious organic food gets at start. But there's so much nature. Exactly. Organic Valley small family farms, protect the land and the plants and animals that call it home. Extraordinary. Sure is. Organic Valley. Protecting where your food comes from.

Learn more about their delicious dairy at ov.c-o-op.