Investor's Edge with Gary Kaltbaum - Good closes [11.28.2023]

Episode Date: November 28, 2023

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 Colbom, your host. A thanks of being with us today.
Starting point is 00:00:47 Glad you here, ladies and gentlemen, happy that you are listening. It's Tuesday, November 28, 2023. And I must tell you, I don't have much bad to say about these markets. And we'll get to them in a minute. things topping out, but our areas of the market, en fuego. That's the best way I can describe it, and we'll get into it, as well as, I believe we mentioned the area yesterday, and we're going to mention it today. An area really starting to emerge, we hope you are listening. But first, if you do not get this radio show in your city, we'll post it at garyk.com, we'll always,
Starting point is 00:01:30 also posted on our Twitter feed, and if you, well, which is X. And if you don't follow us on X, go check it out. Put our name in or at garyk.com, press the button. You can email me, just be nice. And again, this is serious talk on you and everything that affects you with the markets, the economy, jobs, unemployment, taxes, deficit, spending, scam, shams, corruption. You name it, we cover it without any agenda, bias. ulterior motive. All we want to do is talk logic, guide you through the markets. That's it. Case closed. We hope you're listening. Now, before I even get going, as you know, each and every day I wake up early, we go through a lot of articles on a lot of things in the market. As you know, we do not. watch opinion people.
Starting point is 00:02:37 We do not watch opinion people in politics. Why? Because they're in the tank. Each side's in the tank. You know what we mean by that. If one side, their person does bad, it's ignored. If it's good, it's terrific. The other side, if the other side does bad, they rip up the shreds.
Starting point is 00:02:59 If they do good, they ignore it. And vice versa. The same goes for the market. What are we talking about? We do not watch opinion people on the markets because, as you know, Wall Street is a fully invested vehicle. And what that simply means is they're always bullish and in bare markets they're always making excuses
Starting point is 00:03:22 and with the same lines, don't worry, everything's okay, it'll turn out fine, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah. They're also charlatans. As I don't watch any of them. but every now and then I just happen to see a couple of them. And may I state for the record, they are so full of crap, I don't even know where to start. They had a guy on today. Now, mind you, the Russell 2000 is down 26% from two years ago.
Starting point is 00:03:55 That's number one. The ARC fund lady is down 75% from two years ago. but she's out there telling you that her process works and she has no problem with her process she's still down 75% from two years ago by the way that's off the lows and then we had somebody they patting themselves on the back
Starting point is 00:04:24 because he was bullish for this year no mention that they're never bearish and on the Russell 2000 and they'd still be down 26% over the last two years and you take out those big seven, well, you get my point. So we don't pay attention to any of them. They're charlatans.
Starting point is 00:04:45 We do not pay attention to the permer bears. You know the ones if the market went up 100%. They'd still be bearish and telling you why. We don't listen to the market's going to crash. The Dow's going to go to 50,000. and all that crap. We don't need any of them. All we need to do is stay one little step ahead of the markets
Starting point is 00:05:12 by working our tails off and focusing on price and pattern and every now and then extreme sentiment. By focusing on leading stocks and leading groups, what's bottoming, what's topping, what's going, what's coming, and all that fun stuff. it was by no accident yesterday that we said to you, just letting you know gold looks like it's emerging and gold at a big move today, including gold stocks that have been laboring.
Starting point is 00:05:43 We'll get to that in a little bit. That's all we need. And of course, there's nothing 100%. So what's our motto? When wrong, be wrong fast, be wrong small. How can you do that? How do you know that? well since we're so specific on where we're entering
Starting point is 00:06:04 we're so specific on where we're getting out if wrong and the other part of the equation when right try to let them run as far as they want to go and that's the hard part believe it or not that's the hardest part for us it is easy to know where to buy and sell if wrong the hard part is letting them run why is it the hard part it's simple listen carefully it is the hard part because if a stock's going to go up
Starting point is 00:06:39 100 percent it ain't gone straight up 100 percent it's going to go up 10 percent maybe 15 percent and then it's going to correct maybe cut it back in half and you've got to live through that and then sometimes if you're up 30 percent it's going to drop 20 percent so if some of went from 100 to 130, you get my point. It's not easy. It's not easy. But we try. We work our tails off. We just try to stay ahead and close our eyes, holds our nose and pray. I just wanted to let you know there was some stiffs out today that I'm sitting here watching and listening and just laughing and just laughing. and just laughing because they're lucky I'm not doing the interview. Anyway, that's a little bit of that. At the beginning of the show recently, we have been doing Israel and all that.
Starting point is 00:07:50 More hostages will let go. The big story is how everybody believes what Hamas is saying on how many Palestinians. have died from the air attacks from Israel. The big story is the anti-Semitic, anti-Jew, anti-Israel UN downplays what Hamas did, but upplays what Israel is doing to destroy the freaking terrorists. We are finding out pretty swiftly what's happened to these young people as they have been taught,
Starting point is 00:08:37 don't ask me where these teachers have come from, that this sliver of land, that all they want is peace and to live their lives have became Nazis. Yes, they're telling us Israel and Jews are Nazis now. Yes. Isn't that thrilling?
Starting point is 00:09:02 You know where we stand? We are on the side. a piece. There was a ceasefire before Hamas did this. We're being told that Israel is apartheid and occupiers. They haven't been in Gaza since 2005, 2006. They dropped the keys off and they handed it to Hamas that destroyed the place, stole all the money. There's three people that run Hamas. They're worth like $15 billion. Have 200-foot yachts. Live in penthouses in Qatar, Qatar, Qatar, whatever you call that place,
Starting point is 00:09:39 yet it's Israel bad. Israel's government bad. They call Israel's government now, these idiots in the New York Times extreme right wing. But they don't say anything about what's going on in Hamasland.
Starting point is 00:09:55 They just rape women and then shoot them in the head while they're raping them. But that's not extreme. So anyway, it's a Nudhouse, we will stand fast. We will not give any quarter. Anybody who backs the terrorists can go screw themselves. And most Palestinians, I think, want Hamas out of there. And they want Israel in there. Hamas executed two people, strung them up by their legs and cut their
Starting point is 00:10:35 legs off in the streets in front of people because of the belief they're talking to Israel. That happened yesterday. No talk out of the UN on that. The human rights watch, not a word on that. We're finding out a lot of things in real time, ladies and gentlemen, by a lot of people and organizations pretty quickly. Up next, markets. of the day, much more today. I'm Gary. This is the one-only Investors Edge.
Starting point is 00:11:13 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
Starting point is 00:12:12 portfolio review. The number to call is 888-4-22-559. That's 888-4-22-5-5-9. That's 8-5-9. It's 888422-5-5-9. Investment Advisory Services offered through Colbaum Capital Management. 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.
Starting point is 00:12:49 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, comfort perfected. This message is brought to you by the Capital One VentureX card. VentureX offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect.
Starting point is 00:13:16 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. 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.
Starting point is 00:13:37 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, Sprinker makes the whole process simple. You record your show, upload it once, and Sprinker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Sprinker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones.
Starting point is 00:14:16 Start your show today at spreeker.com. 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. With Gary Coltbaum.
Starting point is 00:14:42 It doesn't get better than this. And well, once again to Investors Edge. Thanks for being with us today. And the market wrap. Well, another good finish. A good close at the end of the day. Dow is up 83, S&P 4, NASDAQ 40, NASDAQ 148. The transports were down 87, but what was much worse. Advanced declines, 22, 18 on the New York, 2021 on the NASDAQ. More new lows at new highs on the NASDAQ, which is amazing. Quite amazing. But let me tell you what's sticking out today. Are you ready? First and 14. foremost, is the gold. First off, when you have a chance tonight, you're going to go look at the GDX, the gold miners, broke above $30 and 20 cents today on very heavy volume. That is a break above four-month highs, and they have been lagging the metal. The gold, the gold, GLD, go look at that,
Starting point is 00:15:51 and that has quickly come up to the old highs of April and May, which is all. Also, the old highs of, close to the old highs of March of 22, and you can go back to August of 20. A break above all of that and you buy gold and probably in here. And the gold miners really starting to wake up. We already mentioned a few symbols to you yesterday, but lower price symbols because they've all been squashed. They had another good day to day with others coming to the four. We are not telling you what to do. We are not telling you to buy, sell, shorter cover.
Starting point is 00:16:39 We're telling you what we're seeing. You get to decide with your money, but gold is on the move. Why? Oh, it's simple. Because the dollar against other currencies are sinking. It's a direct correlation. as interest rates back up and the 10-year yield down to 4.336 today down 0.53. The 5-year down 1.27 to 4.286.
Starting point is 00:17:13 That also feeds on lower dollar. A lower dollar helps our multinationals, which helps the markets. So we start with the gold. Next, Tesla. was setting up very tightly in the last two weeks. Today broke above that little tight range. Mind you, decelerating revenue. Earnings were down 37%.
Starting point is 00:17:45 But when that stock sets up and moves, it usually moves. So Tesla was on the move today. It cleared the last couple of weeks. Next stop, let me just tell you next resistance. 250 to 270 on Tesla. Next, just overall good action in what we follow. Software names, reaction names, what we mean by that? Stocks that have had good reaction to earnings for a long while would go splat.
Starting point is 00:18:36 Now they're reacting and acting well and having continuance. moves. It's the best way I can explain it to you. And until that changes, until that changes, it doesn't. I call it a little bit of a sweet spot. That's what I call it. We love the market when it hits a sweet spot. Not everything, but man oh man. Microsoft, another all-time high today. Facebook, which was kind of acting a little icky, just jumps up for and change today, defends itself. Palo Alto Network's all-time high. Good reaction to some China names. Good reaction to some software names. We'll see what Tamar brings. Where was weakness today? Well, I'll tell you this. There was weakness in economically sensitive names today.
Starting point is 00:19:54 What do we mean by that? Construction types, stuff like that. Nothing untoward, nothing to sweat over, but without a doubt, an area we've avoided. We missed a few, but a lot of things have been blasted. And we'll do our scans tonight. We'll figure it out. Some important reports this week. We'll mention PDD. It's a China name, up 21 today on their earnings. Sales up 89% year over year,
Starting point is 00:20:45 gaped up to a new yearly high. These are the things we watch for. Our biggest issue, it's China. And we believe the people running the government there are insane. they pretty much were destroying their companies for a while before they realized, oops, we're destroying our companies. So we're never sure about playing those areas, especially when there's plenty working here in the USA.
Starting point is 00:21:24 We're also getting what we're not so thrilled with, but okay. Some money losers doing well, Roku. Loses a ton. Stock's on a move. We'll see how that plays out. I also want to mention to you recent IPOs doing better. Do you remember Birkenstock came public, did not act very well? Was up four bucks today to 45 and change.
Starting point is 00:21:58 New high. Came out at 46. Didn't act well. They'll report earnings tomorrow. We'll see how that goes. Arm holdings. Same with that one. We'll see how that one goes.
Starting point is 00:22:20 And just remember, 10 years from now, a lot of the biggest winners, a lot of them, are going to be IPOs. But too many, too many, are coming out of ridiculous valuations, and that's got to be worked out over time. There's a little bit of your story.
Starting point is 00:22:53 But we love what we're seeing in our areas right now. And some retail names too. Crocs gets upgraded today coming up the right side. We mentioned this Birkenstock. I even got to tell you this. I even got to tell you this. The dollar stores have been a horror show. They're acting better.
Starting point is 00:23:19 Up next, more on these markets. I'm Gary. This is the one only investor's edge. 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.
Starting point is 00:23:46 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, comfort perfected. 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
Starting point is 00:24:19 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 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. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple.
Starting point is 00:24:54 You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin 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. We're listening to America is talking. Investors Edge.
Starting point is 00:25:29 He's got to be pleased with that. The crowd is just on its feet. Here, he's your senator out of boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. By the way, you know, sometimes you get lucky, sometimes a little bit unlucky. We have been one of the preeminent outfits that follow insider buying and insider selling.
Starting point is 00:26:02 preeminent. We many years ago put out a whole, I don't know what you call workbook on insider buying and insider selling and what it means. But through the years, there's so much less insider buying that there's not much to do. But every now and then, you get something that stands out like a freaking sore thumb. I remember Wynn's Resorts. Wins Resorts. Steve Wynn bought in 15 or 16, 100 million bucks worth the stock.
Starting point is 00:26:52 The stock had gone from 250 down to 60, and he bought 100 million bucks over a period of time and watched it, between 50 and 60 bucks, maybe 70. Oh, that sucker within a couple of years? It was back to 200. Just recently missed by that much. Square, who changed the name to block.
Starting point is 00:27:25 Don't ask me why. I go to the SEC filings because on my charts, it will show a circle and a plus on the chart. and with Square I found that a director bought $27.5 million worth of stock on November 8th at $50.89.
Starting point is 00:27:58 That is a serious amount of cake. But what happened was the stock already started making a move when I found out it was 55 bucks sometimes I'll find out within a day sometimes it takes three or four so at 55 bucks I'm like okay let's hope it pulls back but no the market's been better he paid $50 and 80 cents up another three today to 63 we mentioned the stock to you a few days ago we told you we're waiting he's now up 20 percent 22 percent maybe 23 percent
Starting point is 00:28:43 on 27 million bucks in two and a half weeks. God, I'm pissed. Do you know why? We would have probed some. But there's just no way we're going to pay 15% higher on an insider. The stock had gapped up. I guess he liked what he heard on the earnings report, which came out. So we're just letting you know when we see things like that,
Starting point is 00:29:16 that stood out that was one big fat gigantic sore thumb just like wins resorts and the reason why it's a bigger sore thumb now you just don't see it that often insiders just don't do a lot of buying anymore so just wanted to let you know about that and of course then there's the earnings which we're watching closely we mentioned PDD ZS opens down 12 finishes up a buck today That's a good reversal In the aftermarket crowd strike's been acting well It's down four bucks in the aftermarket Software work day is up seven bucks to 244 in the aftermarket
Starting point is 00:30:02 Network Appliance NTP closed at 78 It's 85 in the aftermarket Constantly on the lookout To moves and why? And that's because your big winners will come from your great reactions
Starting point is 00:30:28 to earnings. Simple as that. And we stay on top of it. We do not mess around, kids. I will tell you that. Anyway, there's a little bit of what's going on. I really don't have much complaints, except they hit the economically sensitive stocks today.
Starting point is 00:30:50 And I don't own any. So, ha. Now I do want to mention again the dollar stores. I'm just going to name two symbols and I don't own a share. Dollar General reports in nine days. And Dollar Tree. These stocks have been obliterated. Oh, Dollar Tree reports tomorrow.
Starting point is 00:31:11 So forget it. Let's wait until Dollar Tree comes out tomorrow. And then we'll talk more. I'm just noticing the stocks have been obliterated. Why? It's simple. inflation. Do you know what kind of margins these companies work on? My goodness. Inflation. It's just letting you know. In the news, I got to tell you, I'm going to mention the name. Kim Kardashian. She has this company skims.
Starting point is 00:31:58 She's going to go public. We'll let you know when. Go look it up. skims. I got to tell you, God bless these girls, these women. For whatever way they did it, how they did it, what they got gay? What's the other one? The Jenner? You go in the airports. You see these pink machines selling all kinds of cosmetic types. What's her name? Shoot, Jenner, Jenner. It starts with a K. They all start with a K. I forgot her name. Karen. highly. She's worth hundreds of millions, selling cosmetics. And now she's going to do a fashion line. It's amazing to watch. Why don't I do a fashion line? In the news, the U.N., you know, the anti-Semitic, anti-Jew, racist, anti-Israel United Nations, they're calling on us. I'm not making this up to stop eating meat in an effort to tackle climate change.
Starting point is 00:33:10 No, no, no, we're not making this up. Here's what I have to say to the UN. Go screw. Take your anti-Semitic, anti-Jew, anti-Israel butts, and go screw. That's all. Imagine if the United States stopped eating meat altogether. Will every steakhouse out of business? Five guys, out of business.
Starting point is 00:33:38 McDonald's, Burger King, out of business. Yeah, let's not eat any meat because the UN says so. Yay. Remember, UN is part of this whole group that was crapping in their pants on us on global cooling. And then it warmed, and they changed the global warming. And then there was blizzards around the globe. and they got into a room oh my God, we're in trouble here
Starting point is 00:34:06 and there's blizzards, we're calling it global warming, what should we do? And some genius came out and said, let's just call it climate change. And that's what they did. And they conned the masses into the climate change.
Starting point is 00:34:24 So if it's freezing out, by the way, it's 50 degrees here in Orlando today. So if it's freezing out, it's extreme weather. climate change. If it's hot out, it's extreme weather, climate change. All I have to tell you, ladies and gentlemen, there's three words when it comes to these
Starting point is 00:34:40 crooks, these con artists. Three words. Watch your wallets. Just remember that. Al Gore told us 17 years ago, we're doomed in 10. Al Gore's worth now a couple 100 million bucks
Starting point is 00:34:57 and flies on private jets while he tells us we have to conserve. Al Gore, go screw. And the rest of them also. And by the way, as I have said, I believe in the environment. I don't want pollution. I think we should all do our part. But those people are the hoax. Go screw. That's all. They're trying to convince. Nobody's asked them the real questions. Are you telling us you can stop hurricanes? Are you telling us you can stop the heat? Are you telling us you can stop the cold? The tornadoes, the wind? Really?
Starting point is 00:35:44 Nobody asks them that. Up next. Maybe we have a few more we can tell the ghost screw. I'm Gary. This is the one only investor's edge. 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. There's zero-chafe thanks to four times more.
Starting point is 00:36:35 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. 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
Starting point is 00:37:16 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 Capital1.com for details. This episode is brought to you by Sprieker. 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 Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen.
Starting point is 00:37:53 Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Sprinker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to. What are we waiting for? Well, what are you waiting for?
Starting point is 00:38:22 One, two, ready, go. Action! In the Gester's Edge. With Gary Culpa. By the way, I'm like reading this whole story on what the UN wants. You can do stand-up comedy on the things that come out of these people's mouth. You can really do stand-up comedy, and the shame of it is they have convinced so many young ones of it. They've convinced so many young ones.
Starting point is 00:39:11 The Earth is 4.5 billion years old, and they have convinced the young ones we have years before we're doomed. You know we've had ice ages. You know, we've had heat waves. You know, we've had extreme weather, and we have throughout the 4.5 billion years. It's unbelievable to watch. Great con artists. And they're so good. They're so good.
Starting point is 00:39:52 Charlie Munger, 99 years old, Warren Buffett's partner, passed away. Just came out five minutes ago. Brilliant man. brilliant man brilliant man 99 a life well lived a life well lived
Starting point is 00:40:14 in the news oh yeah yeah sure uh wall street journal op ed congress is bipartisan Alfred E Newman caucus on issues that matter to economists the attitude on Capitol Hill Hill seems to be what me worry it just talks about the budget deficits
Starting point is 00:40:36 and just laughable just laughable and of course New York Times a stand-up comedian Paul Krugman has an op-ed out about budget deficits
Starting point is 00:40:52 and debt and all that crap I think he won a Nobel Prize for being a stand-up comedian just another hack big-time hack big-time hack so he's out today with something called
Starting point is 00:41:13 titled, Nikki Haley is coming for your retirement. That Nikki Haley wants to raise the age of Social Security benefits. Well, I don't even call them benefits. It's your money. Huh. So there's actually a person that knows that this government program
Starting point is 00:41:32 is a scam and a Ponzi scheme where they stole all the money where it's pretty much IOUs, where today's workers pay for the retirees and somebody even wants to talk about it, but no, Nikki Haley's coming for your money. Just want to let you know? I love these people.
Starting point is 00:42:00 In the news and why we're very careful about what we read, an article came out today, believe it or not, the treasury route, or route, were stretch for treasury bonds in history. Meanwhile, bonds bottomed a month ago, and yields have tanked. And now they're putting out this stupid article? I love people. Speaking of Nikki Haley, the Koch brothers are now going to back her with their big bucks, which is a big loss for DeSantis. They were never going to go with Trump.
Starting point is 00:42:43 So the moves are really going. In the news, what's that Yutz's name in the Republican Party? Santos. He will be expelled, I believe in the next week, from Congress and let him live his life of fraud. And he's indicted and stuff. He's going to go to jail for some things. And that's good news. And on the good news front, last but not least, may I state for the record that the biggest day in history
Starting point is 00:43:15 was Sunday for flying through the TSA 2.9 million people. Wow. And that's why I'm so smart. I left Sunday from New York to come back to Florida and I had a 3 o'clock flight and I realized what day it was and I changed it to a 9 o'clock flight and I got to the airport at 7, went into the beautiful Delta lounge at LaGuardia, had a nice breakfast and there was no issues. I got clear NTSA pre It took me one minute to go through security You got to know these little things So great You know why? Travel is huge for the economy
Starting point is 00:43:58 Huge We love seeing that Back on Charlie Munger Passed away at 99 I think he's an investing genius And they say he's Warren Buffet it's right hand man, but he was his partner. When you have a chance, I want you to read about him
Starting point is 00:44:24 because Berkshire Hathaway could not have become what it'd become without Charlie Munger. I believe it was a real estate attorney and he was a publisher of the, what is it, the Daily Journal. He was with the Costco board. I think he was worth a couple of billion. Go check out what this. man was about and his beliefs. By the way, he called
Starting point is 00:44:50 crypto. I can't use the word on this show. Let me put it that way. And of course, the crypto people ripped him to shreds. Anyway, may he rest in peace. I love the guy. Never met him. But he's one of the people I love listening to.
Starting point is 00:45:12 In a sea of a lot of people I don't want to listen to. In the news, CM Punk is back in the WWE. I'm not a fan. As you know, I'm a professional wrestling crazy. I believe leopards don't change their stripe, so he ain't going to last.
Starting point is 00:45:34 He's going to piss off somebody and ain't going to last just like he went to AEW didn't last and all that crap. In case you don't know, I've been going to professional wrestling since 1974. Florida Championship Wrestling, Wednesday Miami Beach Convention Center. I know more about wrestling than all the people that talk about it on TV and on radio. Yeah, okay.
Starting point is 00:46:00 People used to make fun of me on wrestling. They don't make fun anymore. And that is all for today. You all have a great evening drive carefully. Let's hope the markets keep doing what they're doing. And when you get home, do like we do. It's quite simple. Make sure you hug your family.
Starting point is 00:46:14 Make sure you hug your children. They will feel better. You will feel better. I promise. Have a great day, everybody. I have no clue what time I'm on TV. tomorrow. Peace out all. Same time. Tomorrow. Good night.
Starting point is 00:46:25 This has been Investors Edge with Gary Cult Bomb on Biz Talk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw fly is a game-changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort.
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