Investor's Edge with Gary Kaltbaum - Good Broad Market

Episode Date: July 10, 2023

Follow Gary on GaryK.com or http://garykaltbaum.com

Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up

and go pick up or delivery. Restrictions apply. See website for full terms and conditions. Investor's Edge with Gary Cultbaum. 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 Kalpom, your host.

A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. July 10th, it's Monday, 2003. And don't believe all the talk about how bad. the airlines are. I flew from New York and back this weekend on Delta and it went just fine. I know there are issues and I did see some flights being canceled. I got to tell you I've had bad cancellations. I've lost luggage in the past. Don't yell and scream at the people at the airport. There was somebody who's yelling and screaming at the people at the airport like it's their fault. Anyway,

as long as I get home safe and sound, I've, I've, I've, arrived at 2 a.m. 3 a.m. what can I tell you? Anyway, but we're hanging in Florida. Hope you had a good weekend. Ladies and gentlemen, let me just state for the record, going into tomorrow, going into tomorrow, all I look for on a daily basis is stocks not breaking out, but stocks setting up to break out. Sectors setting up to break out. What do we mean by breakout?

We call it the launching pad. It's where a stock traded between 100 and 120 for the last six months and then it gets to 115 to 120. In other words, it tightens up at the highs. And then it's

tightens up even more at 118 to 120. And then it busts through 120, starting an uptrend. And just because the stock breaks out of range doesn't mean it's going to work, but that's how uptrends start. All we're ever looking for is uptrends to be started. I have no idea what tomorrow brings. I'm just letting you know and I'm going to state from the outset,

I'm finding a lot of setups for them, those names, to break out to the upside and start trends. Simple as that. Just letting you know. And last week was a rough week, especially for the Dow. They pull back NASDAQ types. They pull back semiconductors. They pulled back.

We came into this week. We'll see what happens. It was successful. It was a successful day. That's what I call it, with potential to break out of range for a real good amount of names. And how do I know this? Because I sit here with my legal pad and assuming I know what good setups look like, I start writing down names that fit the bill.

And you know what? More and more showing up. That's all. And they're in differing areas, differing names. And we'll see what tomorrow brings. Normally, when you have enough names doing that and breaking out, it's meaningful to the market. And we say this, we know we're running into earnings season. We know what we're running into.

Earning season. But whatever is at work, a lot of setup. I can't name this too many, but I'm finding a machinery, home-related, housing-related, differing tech, and we'll have a complaint to make today, and a congratulations to make on what happened with a big tech today. And as I always say, we'll see what tomorrow brings. the Dow remains in just plain old range the Russell 2000's coming on again broader market that's a help and remember June 2nd we said to you the broad market came out of its coma it's had some fits and starts but after today better again how long it lasts how far it goes beats the heck out of me don't know wish I did but as

As I sit here because we're ambidextrous, I am scanning as I sit here. And I'm able to write down more and more names. Simple as that. Here's a hospital name. I'm writing that one down. And I can promise you, some ain't going to make it. I can guarantee you. But if things get better, it's because things are setting up to get better.

that's how it works airlines cruise lines hotels some semiconductors you know what's not working food drugs

beverage tobacco household products managed care utilities you know what all those are defensive recession resistant type names. That's why we keep telling you there is just no chance of us going into a recession.

No chance. Why? Because recession resistant stocks are going down. Economically sensitive stocks are going up. And I can tell you flat out, the market is a lot smart. than you and I. Seriously, if things change, I will let you know. But that's the story.

After last week's pullback. It would have been much better today, but something happened, and I got the news late. They came after Apple, Amazon, Google, Microsoft, Tesla, and it finds out what has been my biggest complaint. The NASDAQ 100, the top seven stocks, are 54% of the NASDAQ 100. Well, we are finding out now that they are going to rebalance. I'm not so sure it's enough.

Apple, Nvidia, Tesla, Microsoft, and Amazon make up 43.8% of the NASDAQ 100. Those five, they're going to reduce them to 38,000. 0.5. Not so sure that's enough. But that's the story. So they got hit today. And I'm usually good at finding things out early. I found out middle of the day. And I guess they announced it on the weekend. I don't know. My head's not usually in the sand. But that one I missed. It affected them today. We'll see it affects them tomorrow. I don't see why it should affect. I know rebalancing, own less, because some people have to balance towards that. I don't know.

Anyway, I just want to repeat. As I scan, I am finding more and more stocks set up to go higher out of good-looking ranges, and we'll see where it takes. Ooh, there's another one. How do I do this as I do a radio show? I'm on my market smith, and I just click. oh Hershey's that looks terrible I'm able to see

that's a food it's that easy and I love doing it good strong discipline in the markets while every I watch they're all on tubes

guaranteeing recession I'm letting you know the market's laughing at them it's laughing them there's no way Caterpillar and FedEx are moving

been moving and we're going to recession it's the way it works the big money smart money is smarter than somebody's opinion the market itself what do we follow

we follow the market and it is raising its hand right now now. Now, you don't, we think long a term. And we also believe part of this economy right now is the government. We'll explain that up next. And then, something we don't usually touch upon. 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. 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 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 complimentary point. portfolio review. The number to call is 888-4-22-5-5-9. That's 888-4-2-5-9. That's 8-8-8-5-9. Investment Advisory Services offered through call-bomb capital management. Hello, hello. I'm Malcolm Gladwell, host of the podcast Smart Talks

with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna. And I asked him, How can companies use AI to its fullest potential to create smarter business? My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side. For example. If anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind it. If anybody is not using AI to make their developers who write software 30% more productive today,

with the goal of being 70% more productive. Yeah. So we are not asking our clients to be the first experiment on it. We say you can leverage what we did. We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology, is getting people to accept that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks. Hey, it's Ryan Seacrest for Albertsons and Safeway.

It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, Oiraida, Silk, Capri-Sun, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in store or online for easy drive up and go pick up or delivery. Restrictions apply.

See website for full terms and conditions. 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.

As I scan, even Ralph Lorenz, broke out today. Ralph Loretne is on my breakout list today. Go figure. Today's market wrap brought to you by Investment-dashmodels.com. That's Jim Rohraback, one of the great market timers. No gray areas with the man you're either in or out of the market

was proprietary indicators. Go check it out. Investment dash models.com. Dowp 209. Now, mind you, as I look at the Dow, bleh it's where it was last august and frankly it is sitting right where it was um april of 21 and is still 3,000 points below the old highs just letting you know but that was up 100 uh 209 today helping home depot up 7.

Here's one. Lowe's breaks out to a yearly high with a long Home Depot. Very weak Amgen, up six. Salesforce.com holding support up three. American Express up almost two. Should be up 10 if they saw my American Express bill. McDonald's may be on the verge of breaking out. The only real weakness was Apple and Microsoft. Remember on Thursday I said to you the only two stocks that were up were Apple and Microsoft in a bad day? The S&P 500 up only 10. Why? Apple, Amazon, Google, Microsoft, Nvidia, Tesla all down today. But off their lows. At one time today, the NASDAQ, I think, was down 50 or 60, finished up 24, NASDAQ 100 up only 8. Transports, economically sensitive.

Up 160. Advanced declines. Good. New highs. Little better. Still needs plenty of work. But we're just letting you know. I have my legal pad out.

And I'm able to write down initials with an arrow. What is that arrow? Meaning if it breaks above a certain number, that would be the breakout. And all I can tell you, I got a few. And all I can tell you, they're in differing sectors, and we'll see what comes of it. Very good broad market day.

That's the best thing I can tell you. What happens tomorrow beats the heck out of me. Don't know. Are there any worries? Well, let me give you another bit of good news. The 10-year yield went to 4.09% pulled back to 4, so it tagged the highs of many months ago and can't get through them yet, and that may be good news. Maybe good news.

Remember our thought process. Not much could happen if interest rates keep going higher. The same goes for oil prices also. Same goes for oil prices also. I've been asked about the Bitcoins. Just letting you know it's been good. And I can tell you that the secondary stocks that go along with Bitcoin have also been strong. Micro Strategy, things like that simple riot, M-A-R-A, things like that, are going along for the ride.

we tend to not talk too much about them why you know why you ever see their fundamentals micro strategy now is just a holder of bitcoin but bitcoin price has been going up and that's the story there uh with that we'll let you decide that's up to you just be careful when it turns down gary i thought you said it's gone to zero no we did we get that every now and then Here is what we said three years ago, two years ago, one year ago. 90% of them would go down 90% of more with most going to zero. That's what we said. It's exactly what happened.

They came out with 23,000 of these things. Most are zero. We believe Bitcoin, Ethereum, and a few others are nothing more than trading vehicles. They are meaningless. The great excuse for Bitcoin was, oh, it's going to be used as currency. They tried that and then it crashed and anybody who sold you some goods and got Bitcoin for them was pissed off. So it's just a trading vehicle. It can be beanie babies.

Doesn't matter. We hope it goes to a million just like what's her face says. You know, the Ark Lady. We really do. We hope bubbles happen galore. And you ride them up and get out at the top. Just remember. And we can't say this any louder.

Don't be the last one in. And everything. Every asset will eventually go to what it's worth. You got that? You got that? Do you remember what happened in the bare market? You do know there's still a ton of stuff down 60, 70, 80 percent. Right?

And the list goes on. So just letting you know, into tomorrow, here's another one. I'm just writing down the initials and I'm putting an arrow next to it. And the more I find, the better. Here's one. Electronic parts company. Here's a building construction company. Now, I mentioned before the break, government.

Yeah, I think a bunch of this is. Why? our federal government has raised spending from 4.4 trillion to the mid-sixes. And guess what? That all goes to GDP. Now, I'm told a bunch of it's going to go towards infrastructure. Well, if that is the case, wouldn't that be a reason to see cement stocks going up like they are? Industrial types going up like they are? Remember, very often, one plus one does equal two. Now I do know Bidenomics is out there. Joe Biden is out there talking about how great he is.

We repeat, he's full of crap. All he is done is raise spending, debt, deficits, and taxes. That's all he's done. You got that? The Inflation Reduction Act did nothing to combat inflation. It's the central bank that stopped printing that did it. Up next. More on this.

Whatever else. I'm Gary. This is the one only investors edge. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing.

whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard.

things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with Kondo? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem.

To learn how IBM is building the future of computing, visit IBM.com slash quantum. 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 CBS pharmacist Victoria Motola,

who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating. chronic stomach aches. Like, I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach ache every day. Or I'm constantly feeling like gassy.

And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fact. 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. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor, or Ida, Silk, Capri-Sun, Bavarian Meats, and Charmin. 10 clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up

and go pick up or delivery. Restrictions apply. See website for full terms and conditions. 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. The interesting thing is that the employment rate is 3.6 unemployment rate. Yet the polls, and remember, we don't believe in polls, but we'll quote some of them. Why don't we believe in polls? Oh, a survey of 1,000 people tells us what the country feels.

What kind of horse crap is that? But multiple surveys are out there that people do not feel good about it. the economy and I'm thinking how could that be with unemployment at 3.6% do you know what I really think that is go to the supermarket and go buy some chips and you'll look at the bags are much small than they used to be and you're paying more than they used to be when the bags were bigger go look at the small little Hershey's you know the little ones that used to go for 1099 that are now 1499. Go look at the price of automobiles.

I think a lot of that is in there. So he can go around and talk his binomics all he wants. Horse crap. Horse crap. Reagan once says if it moves tax it, if it keeps moving regulating, if it stops moving, subsidize it. He defined Joe Biden.

And unfortunately, it's either going to be him or Donald Trump, which makes me ill as can be. Some really good people that worked for Donald Trump have come out and stated the amount of crooked things he wanted to do that they had to stop him from. My goodness. I cannot believe it has come to two of the biggest lying sacks in the history of our country in D.C. that are probably going to be going up against each other. Couldn't find anybody else. There are others.

They can't poll. They can't poll. They go nowhere. And of course, the Democrats won't let anybody up against Biden as of yet. They won't even debate. And who do they find Robert Kennedy? I'm still waiting for Robert F. Kennedy to tell us Bigfoot-Nalachnus monsters around. Another nut case.

All of them coming out of the woodwork running for president. You know who I like? This Vivek Ramoswami. I like this guy. And then he started going loopy. Whatever happened to a president being, we're going to set the conditions for the country, strong defense, and get the hell out of your way.

Everybody's got a yap. Anyway, we'll keep you on top of things. We'll let you know. But really the theme. I'm sitting there scanning, and going into tomorrow, I just got a bunch of names. Now, they may just turn down tomorrow for all I know, but typically when a bunch of names show up, that's the best thing I can tell you. And again, there's no recession right now.

There's zero chance if the market's smart. And again, the market's smart. It sees these coming because it's the big money, the one with the one with the market smart. a million analysts that they go around, they have a good feel for what's going on. Not some bozo. Even the truckers starting to look a little bit better. A couple of them strong and a couple of them are coming on. Now, in the news, I do usually touch certain things here.

Why? Because, you know, we do the market, we do the economy. but we also touch upon things because why? The people in D.C. are the ones running the show. Last week we did something on education. We had to because we were amazed that some of these states refuse to do vouchers for underprivileged kids, low-income families that are at bad schools. in order to enable them to go to good schools. You know, we all supposed to have freedom of choice,

and by the way, those are our tax dollars. Well, you know, there's another thing here in Florida with DeSantis and books. And I just really haven't done much with it, but I decided after doing that whole thing on education, I wanted to check it out. Why? Because they're really whining complaints. now that DeSantis is the next Hitler and he's a fascist and he doesn't believe in the First

Amendment and all this other stuff. And then I decided to look. Actually, look. And there were books for young adults 12 to 18. I could not even read to you what's in these books that are being put out there by the National Education Association. They issued their 2023 summer reading list. I cannot begin to tell you for 12 to 18 years old how much pornography there is and how much pictures of the pornography there is in these books. And I'm thinking to myself, this is the National Education Association with their 2023 summer. reading list. I'm not even going to name the books. I'm not even going to tell you what's in them. Do your own homework. But I'm thinking to myself, maybe this guy, Desantis, is on to something.

These education people, not all, I'm picking on, they're insane. They're kicking our kids in the grapefruits. I don't know what they're trying to turn our kids into. But the National Education Association, might as well let the kids age 12 to 18, Get online to Pornhub or something on some of these books that I'm looking at right here. And they put it out. I double-checked. I triple-checked. And why do I bring this up?

Whose friends of the N-E-A? Go look it up. Do your homework. Because I really wanted to find out for myself of these people calling DeSantis all these names because he wants some of these books. Just get them out. Unbelievable. Parents do your homework.

That's all I can tell you. And I'm bringing it up. Why? Because this is from the top down. The top down, the same people are going to run a $2 trillion deficit this year. Increase the size of government by 50%. Lowering the bar and standards in schools in many of the cities. So when your kids go out in the real world against people that had the higher standards,

they're going to get killed during interviews. And I'm just trying to think to myself, what are they, what's they trying to accomplish? What are these nut jobs trying to accomplish? It all intertwines. And when everything blows up because of their debt and deficits, which is now, I think, $34 trillion, $35, headed to $50,000, the people that caused it are all going to be dead or gone. And I just had to be a little bit louder on it when I started reading about it. Your kids, 12 to 18, not everywhere, not everything.

But if it's one book, it's bad. There shouldn't be any. When I was a kid in the library and stuff, I had the little magazine highlights for children, used to do the puzzles. There was nothing like that. not even thought of. In fact, anybody who put these things out there would have been fired, kicked to the curb before you can say boo.

Now, they get promoted. Up next. We'll head backwards. This is the one only investors edge. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata.

We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. building actual physical machines.

Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer.

That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Hi, I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health, with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal.

A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, 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. 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. Hey, it's Ryan Sechrest for Albertsons and Safeway.

It's stock up savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sung, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery.

Restrictions apply. See website for full terms and conditions. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Gester's Edge. With Gary Culpa.

All right. A few other tidbits. You know there's adjustable rate mortgages and fixed rate mortgages. Just letting you know right now, the average rate on adjustable rate mortgages are between six and a half to 7.21% depending on the loan. we're just letting you know it's nearly equivalent to a 30-year fixed, which they're saying is 6.95 as of July 5th. I think it's higher. I think it's like 7-1 right now. That means that normally adjustables are usually lower than fixed and you can save.

So just letting you know that ain't out there right now. I also want to mention, and I've done this a couple of dozen times, for all you home buyers out there, go check out a 15 versus a 30. Go get an amortization table of a 15 versus a 30. Your payment is going to be higher on a 15 year because you're paying it in a shorter period of time, but you're actually building up equity from day one. So let's say if you get a 15 year in your payment is 2000, a 30 year your payment would be, let's say it was, let's even be generous and say 600. Well, your payment is 400 less. But in the first month, you're probably going to knock off a bunch of principal and that goes into your quasi-wallet versus the first month for 30 year, oh a penny.

And when you go through the amortization table, you will see that in the 15th year, you're going to still owe a lion's share of on the house because it is front-loaded with the interest. So if you can afford the 15-year getting, and by the way, the 15-year will always be a lower interest rate than the 30-year also. I am letting you know I think the 30 years a scam.

It's a scam. And I say that carefully because I don't think they're trying to scam you. I just think it's a scam in that in year 15 you bought a $500,000 house, and in year 15 you still owe $470. Huh? Versus in year 15 you'd owe nothing. your payments would have been higher, but it goes towards principal. I can't say that enough about mortgages.

I can't say it enough. 30 year is nuts. Now, some people say, I got the 30 year, but I pay into it. So in other words, if your payment is $2,000, oh, you send in $2,300. That's fine, because you're actually paying down. That's going right to principal. I got no problem with that. but I'm just letting you know.

The other tidbit today, Disney, several times in the last couple of years I have said to you, I wonder when price is going to hit the wall. And I say that because I'm amazed. I thought when Disney went over a certain level per ticket per day, that demand would drop, and it never did. Well, it finally has. And I know that people are out there, saying, oh, it's because of the woke thing.

No, no, no. Listen, I really do believe price is finally hit. It's now being reported that the lines at Disney have been very much shorter, less people. And I can go online, whatever the reason. Bob Eiger even said that they have been too aggressive with pricing. and I'm thinking to myself, average family, an average family that wants to come to Disney, let's say they have to get on an airplane. First off, flights are expensive these days. They got to get to Disney and they have a hotel.

Now, they have deals if you stay for a week, whatever. But man, oh man, it is a hell of a lot of money. And I use the term average as a compliment. I'm just using it as an example. So price may have hit the wall. And by the way, it's happening at other places, other theme parks. We'll see how it plays out. I'm reading here at Disney's Hollywood Studios theme park in Central Florida, home to the blockbuster Star Wars attraction.

July 4th was the third slowest day in the past year. July 4th? Analyzing wait times. This will be really interesting going forward. Why? Because Disney makes a crap load of money from people visiting Central Florida. and Disneyland and the like. Price.

Quite interesting. Just another tidbit I thought I'd mention. Disney's been one of the worst stocks in the market. They own ESPN. They just fired a bunch of good people. They've got a tough road to hoe. They're already starting with discounts in certain ways. But I believe that eventually they're going to have to overhaul

the pricing. They're going to have to overhaul. That's the way I look at it. What way I don't know, I'm not a genius at that. But man, I put the pen to paper a few months ago. Really? That's how much. We'll keep up on that. But big stuff going on there. And it means a lot here. Here in Central Florida, 75 million people per year. per COVID bringing in 75 billion of economic activity. If you go around Disney World and Universal here in SeaWorld, you wouldn't believe the activity around there. How many restaurants, how many businesses, you name it, they got them.

So just another tidbit as we move forward. I do not own any Disney stock and I think they got a lot of things to do. If they were smart, I'd sell some of their, I would probably well you know what I think they like having ESPN and ABC because it's you know they hold hands together in in advertising I think the next two years I expect some changes more changes to go on I think hopefully they think of the clientele anyway you'll have a great evening drive carefully remember what I said we'll see what happens tomorrow the interesting day to day, especially after a crummy end of last week. When you get home, ladies and gentlemen, we tell you all the time. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise. And until tomorrow, peace out all. Thanks for joining us. 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 Gary K.com. That's garyk.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,

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