Investor's Edge with Gary Kaltbaum - GOOD WEEK IN REVIEW
Episode Date: March 31, 2023Follow Gary on GaryK.com or http://garykaltbaum.com...
Transcript
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Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk
Studios, here is Gary Coltbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum,
your host. A thanks of being with us today. Glad you here, ladies and gentlemen,
happy that you are listening. March 31st, Friday. And we'll get into it in a minute,
but we've seen end-of-quarter window dressing before the last three days.
Probably the best I've seen in ages, end-of-quarter.
And by the way, that doesn't mean it doesn't continue.
But damn, damn, damn, damn.
And they marked up the stuff they needed to mark up also.
But that's for a bit later.
So let me read something to you, if you don't mind.
Well, first off, let me preface it.
Ladies and gentlemen, there's no more important show than this show, radio show slash podcast, whatever you want to call it.
Because A, we're damn good at guiding you through markets.
That's number one.
We've proven it time and time again.
We've kept you out of the bare market areas, the bare markets, you name it.
We've told you what's leading, what's lagging.
The whole works when we're wrong and we're wrong fast and wrong small.
When we're right, we let them run.
It's as simple as that.
The other side is that we have no bias.
We have no agenda.
We have no ulterior motive in a world with bias agenda and ulterior motive.
That spend their waking hours trying to convince you of their side.
While we're trying to tell you, they all suck.
Now, I catch flack for that.
You have to take a side, I'm told.
and I say no
I will tell you what policies I believe in
but we're just tired of all of it
what we have been saying to you on the show
we say it sarcastically facetiously
is that we wouldn't be surprised
that they're cursing each other out in front of the camera
and then laughing their asses off behind the camera
at us while they're shooting the finger at us
the big middle finger
And we just want you to remember, I'm going to get into it in one second, I'm going to give you two facts.
F-A-C-T-S.
You can't get away from these two facts today, March 31st, Friday.
Give or take a buck or two depending on which abacus you're using.
Five billion dollars was spent more than our government takes in.
Today, and every day going forward is a little bit more than that.
We're going to have a $1.8 trillion deficit this year.
Let me continue.
Today, $2 billion of our tax dollars, yours and mine,
and depending on which abacus you use,
will go towards interest on the debt,
which is now nearing 32,000.
trillion and is slated to skyrocket in the next few years because that's how they set it up.
And yet one yells at the other.
But last I looked, you had eight years of Bush, eight years of Obama, four years of Trump, two and a half years of this Marxist.
Let me repeat that.
Every day, five billion.
every day
two billion of interest
do you know just that one day of interest
if you hand in me that two billion dollars
that one day of interest
and says
go do what you can best what you can do for your country
imagine how many children
will no longer starve
just with one day
two billion
just that how much food that can buy
just that or the elderly or downtron
so back on point let me read this to you
I have gained such respect for the grand jury
and perhaps even the grand jury system as a whole
the evidence is so overwhelming in my favor
and so ridiculously bad for the highly partisan hateful district attorney
that the grand jury is saying hold on we are not a rubber stamp
which most grand juries are branded as being.
We are not going to vote against a preponderance of evidence
or against large numbers of legal scholars,
all saying there is no case here.
Drop this sick witch hunt now.
That's Trump yesterday,
applauding the grand jury that indicted him today.
And now there are a bunch of MFers,
that same grand jury.
So let me give you my stance.
This is all political.
This is a half.
hatchet job.
This is not, I am not commenting on whether Trump is innocent or guilty.
I'm pretty smart with the law.
I'm pretty smart with New York law.
I follow it closely because my sons live there.
They have been dropping felonies to misdemeanors on violent criminals like it's going
out of style.
Yet they picked on this.
purely 1,000% political, and that is not a statement on innocent or guilt.
Of course, Nancy Pelosi, that imbecile, says that Donald Trump's got to prove his innocence.
She's been our Speaker of the House.
Now, let me explain.
I believe I told you this already, but I'm going to tell you again.
I was in a CVS drugstore.
Was it a CVS?
Or Dwayne Reed.
Whatever it was.
just getting toothpaste and toothbrush, deodorant.
It was all locked up.
I said to the gentleman,
wow, is it that bad?
He said, yeah, it's that bad.
He said, we've had the same people come in,
just rip this place apart.
And there's nothing we can do.
They don't do anything.
They don't arrest.
And when they do arrest, they don't indict.
It's a misdemeanor.
They let them walk.
No bail, and they just do it again.
And we can't stop them.
This is what he said, because we're afraid of them.
How do we know whether they have a knife on them or a gun on them?
How do we know whether they're going to cold cock us?
So the best idea is just let it be.
Let them take whatever they take, and they're out of here.
So what we did was everything's locked up.
We have a security guard, as many hours,
we can pay for and that's the story they do nothing about that in new york city let's indict a guy that's
running for by the way you all know i can't stand trump there's nothing i like about the guy oh he's got
great golf courses and some good tax policy and israel i'll give him that but then i can list a bunch
of other crap but that's besides the point it's purely political welcome to dc that's all
That's what we're dealing with now.
That's what we're dealing with now.
They sent the IRS to a reporter's house the day he was testifying in front of Congress.
That's what we're dealing with now.
Remember Lois Lerner?
Was she indicted?
Anything happened to her?
IRS.
And as I've said to you, it's a shame because I am telling you 99.9% of people work for the IRS
are good people just doing their jobs.
So we're just letting you know, the left is wetting their pants today.
The right is furious.
I saw somebody on the right who I actually respect, a pundit.
Just be stupid as all hell today.
End of the world.
I'll explain.
Then we'll do the markets.
How to get this out.
And it all is about you and your money.
This is the one only investor's edge.
Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show,
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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 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 aches. I get a stomach
every time that I eat.
And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomach kick 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 IHeartRadio.
Listen now wherever you get your podcasts.
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It's time to switch on the integrator units and get the brain cells working.
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With Gary Coltbaum.
It doesn't get better than this.
So as I was saying, this pun that I really respected, respect still.
They're all insane now.
Oh, they're coming after all of us.
They're going to get us all.
They're going to do this.
They're going to do that.
No, they're not.
They hate the guy.
They want to solidify their power.
They want to make sure he doesn't win.
That's what's going on here.
They're going to go after me, little o me.
They ain't going to go after you.
Of course, they're going after all of us with $5 billion a day in debt
and $2 billion of our tax dollars towards interest.
That's how they're doing it.
covered up by these ass clowns in media.
You should have seen them today.
I'm telling you,
they had to change their panties,
and I'm talking about the men,
a hundred times today.
They were so excited.
You could see the glee.
There should be no glee in this.
Again, nothing about innocent or guilt.
And we'll wait to see what the 34 counts are.
If this was a Democrat,
they would not have been charged.
That's the problem.
Selective everything.
And it's all facets of the government.
Joe Biden with a fake inflation reduction bill.
$380 billion given to a Democratic hack to dole out.
$380 billion.
You know how much money that is?
For climate.
It's not going to save the climate.
It's not going to stop the rain or the wind or the heat or the cold.
It's going to be given in grants that never have to be paid back by friends.
It's going to be given to friends and compatriots and donors.
This is what the hell we're dealing with.
And you wonder why we've had brutal bear markets, banks crash, inflation,
and you know what I think at the end of the road is,
we're going to have this big gigantic debt bust.
I don't know what number it's going to be.
I don't know what's going to cause it.
Look what just happened with the banks.
You know what they had to do?
They had a lie and say, we're covering every.
You think they have no capital to cover it?
You think our government has capital to cover the bank deposits?
They don't have squat.
They're back to printing money again.
So we're whining and complaining a little bit and really intertwines because they are taken over.
Control freaks.
And we're letting them.
And it's got to stop.
It's supposed to be we the people.
They let a local DA who sucks a whole.
horrible DA, a defender of criminals, an opponent of citizens. And he was able to indict the
sitting president, an ex-president, excuse me. And of course, we'll see how it plays out.
And let me repeat, he may be guilty as all heck. That's not even what I'm talking about.
Nancy Pelosi is guilty of severe insider trading. Anything happened there? Oh, no. It's legal for them.
Maxine Waters got money to her husband's bank in 2008.
Funnel to it.
Ilhan Omar had $2.8 million from our campaign given to her husband's company.
You should all go to jail.
That doesn't rise to anything, does it?
Funnaling of campaign funds to your husband's business?
Oh, but he markets for me.
This is what's going on.
If this was a Democrat, it would not be happening.
And you know, it's probably going to happen next.
If the Republicans get power, oh, are they going to do it back to somebody else?
And then ping pong we go.
Why?
Because they're laughing their asses off at us.
Anyway, before you email and say, you know, what is it, Mark, it is everything to do with everything.
These are the people that are running everything.
And they're just not running everything.
They're running everything.
Joe Biden wants a $6.8 trillion
spending bill up from 4.4 the year before COVID.
6.8 trillion.
Our whole federal budget in 2000 was 1.8 trillion.
Where's the other $5 trillion going?
By the way, that's a T.
Let's move on.
We told you very specifically
if price can move above range
of the past bunch of weeks,
we will definitively have more upside
It's exactly what we told you.
That's what we told you.
If price can move above, we are simply letting you know that the NASDAQ moved above that 12,000 level we told you about.
The QQQ NASDAQ 100 moved above.
And you had some fireworks today because of that.
and the rest of the market which has just been bludgeoned
continues to
we're using the term climb up the rope
straight down move
coming back up
and as we've said to you
there's a lot of people
that embarrasses all hell
trying to talk things down
we're letting you know
improvement
the last three days
leadership showing up.
Does it last? Don't know.
We deal in real time.
We're big believers in growth in technology if it gets going.
Mui importante.
We got that.
What's the reason?
Don't care.
I can come up with reasons we should be down 30%.
The one reason we should be down 30%.
the one reason we should be higher, yields are coming down.
They're printing money again.
We'll continue to take it day by day.
It is imperative right now, every night, to look at the new yearly high list.
What's going to to to the new yearly highs?
Potential, there's your leadership.
Notwithstanding earnings and droves coming out in the next three weeks.
I can't complain about anything on this market today.
Up next.
This that and the other thing and whatever else.
This is the one that only investor's edge.
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 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 stomachache every time that I eat.
And it just becomes like a lifestyle where, oh, yeah, you know, I just 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 IHeartRadio.
Listen now wherever you get your podcasts.
When energy dips, your reviving routine deserves more than a quick fix.
Reach for vital proteins, collagen, and protein shaking chocolate with 30 grams of protein.
and 10 grams of collagen peptides.
It helps support healthy hair, skin, nails, and joints
and a smooth, ready-to-drink, shake.
So your afternoon reset actually sets you up for success.
Vital Proteins. Stay vital.
Visit VitalProtene's.com and get started.
These statements have not been evaluated
by the Food and Drug Administration.
These products are not intended to diagnose,
treat, cure, or prevent any disease.
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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 Coltbaum.
It comes highly recommended.
You're going to feel better if you talk to him.
Spend 10 minutes of your time watching the left and right pundits today
and realize a lot of it should be on the comedy channel.
But you know where we stand.
If this was a Democrat, this DA, blind eye.
I can't guarantee you because it's not happening that way.
But therein lies the problem.
We heard some people say we're third world now.
No, we're not.
Their third world.
We're fine.
Remember what we've told you.
I should have a bumper sticker.
I've never been more optimistic on most of us.
I've never been more pessimistic on all of them.
I used to say all of us, but I realize there's some weirdos out there.
For some reason, every now and then I get these emails.
emails coming after me as a Jewish man.
I'm trying to think to myself, why would somebody do that?
Every now and then.
People are weird.
The market wrap.
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Investment-mottles.com.
you had some buy programs end of quarter viciousness into the close 415 on the Dow standouts today
Home Depot up almost 10 the stock has gone from 342 in early February to 280 three days ago
it was hit 295 at the close today volume patterns turning better
earnings and sales have been flat as a pancake.
That helped the Dow.
Goldman bounced up six.
That has gone from 379 to 301 during the bank Maelstrom.
It's back up to 327.
The only stock that was down today in the Dow was Walgreens.
And just, you know, everything is up to a certain amount of bucks.
Microsoft, I've got that up four and a quarter today, a new relative high.
That helped the NASDAQ and NASDAQ 100.
S&P 58, NASDAQ-208, NASDAQ-218.
Semiconductor socks only up 22.
Transports 309.
They have been dead.
Advanced declines good, up-down volume, good.
New, you ready for this?
New lows are still higher than new highs on the NASDAQ.
the New York a little better new highs than new lows but when I look at what the new highs are
gross but absolutely no complaint about today's action and usually I'd have my doubts on end-of-quarter
window dressing but we're big believer in the patterns the market makes we've just moved above a
little bit of this range of course it has to stick and again let me just state for the record
complaints, that can change Monday. But the worst climbing up the rope, the best get better. And may I add,
software broke above range. You can go look at the IGV, broke above the highs of early February.
Of course, Microsoft's a big help, but you can go look at what the makeup of the IGV is. You just go
to the ETF and it'll come up. It's an I-share's
an E-share's
an E-TF. And that's the story.
Just a
wow of three days.
I always say to you,
window dressing is illegal
so it does not happen.
Oh, they were in there, but everything
counts. When I'm done with this radio
show, I'm going to get
all my work done tonight for the weekend
because I got a long weekend ahead.
I know what I'm going to find some really good moves, technically, and we'll see what we can take from it.
Again, leadership, NASDAQ, NASDAQ, 100, types.
It's been very narrow.
It broadened out a little bit today in the tech land.
It's been very, very narrow.
Let me repeat, it broadened out today.
in tech land. Some of the bombed out stuff that has been destroyed. A snowflake, up 12 today to 154.
It was 400 year and a half ago. But a good move off the lows. When the worst stuff moves off the lows, you can fill in the blank.
So we're just going to basically
Here's how we handle bull markets
Good earnings, good revenue growth, you break out, we'll buy you.
Now unfortunately in this market
You got terrible earnings, terrible revenue growth
So I've got to kind of sort of stick that to the side a little bit
Knowing that we can get a recovery in that
Or knowing they just want to pay up for it
And that's how we're playing it.
Move above range?
Opportunity.
That's that.
I didn't mention the Fed.
I didn't mention anybody.
Just watching the market.
We said to you yesterday.
We said to you yesterday.
If we move above range,
and we did today.
One little cough.
We told you we'd give you final four picks.
I got to tell you I got nothing in that San Diego State game
except maybe a little on the under.
We've loved Connecticut in this whole tournament.
We're just going very small, very small
on Miami taking the points.
We're actually just thinking that they are good enough
to keep it close, maybe even win.
but I say to myself,
well, Connecticut can just win by 25 points.
They've been that good.
But that's why they play the game.
So just letting you know, we're wimping out.
Just a little small on Miami.
If it wasn't Miami, we'd be betting the house on Connecticut.
And that's your final four.
This weekend, I got a little business in South Florida.
Florida. And remember I told you my best friends in life are all from elementary junior high
in high school. And I, because I'm an idiot, I passed my college friends who I was very close with
in college, hadn't seen them in a long time. We just saw each other. Month ago, we're having
dinner tomorrow night with the wives. Can't wait to see how that works out. With the wives.
will be in beautiful
Boca Raton, Florida
tomorrow night for that.
Also
tomorrow night, I won't
be watching it live, but WrestleMania
night one, Sunday
night two, can't wait
for that. I've been to about
eight WrestleMania's.
Oh, it's great to go to.
But this one,
I'm going to staying home
for it. And that's my weekend.
Two and a half hour drive.
drive both ways.
Yeah, three if I stop.
In our webcast this weekend, we're just going to show
leadership.
Sticking out, it's coming on.
Better tone.
Much better tone.
Yes, end of quarter.
But everything counts.
Up next.
This, that, and the other thing, and whatever else, I'm Gary.
This is the one.
No, Lee.
Investors Edge.
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 egg 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.
When energy dips, your reviving routine deserves more than a quick fix.
Reach for vital proteins, collagen, and protein shaking chocolate.
With 30 grams of protein and 10 grams of collagen peptides, it helps support healthy hair,
skin, nails, and joints, and a smooth, ready-to-drink, shake.
So your afternoon reset actually sets you up for success.
Vital proteins.
Stay vital.
Visit Vital Proteins.com and get started.
These statements have not been evaluated by the Food and Drug Administration.
These products are not intended to diagnose, treat, cure, or prevent any disease.
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Well, what are you waiting for?
One, two, ready, go.
Action!
In the Gester's Edge.
With Gary Culpa.
So, I get stuff sent to me by pretty smart people.
Let me give you something here, and I think it's right.
Up until today, Apple, Nvidia, Microsoft, have contributed
91% of the gain in the S&P this year.
Three names.
Three names.
Facebook, Apple, Amazon, Netflix, Google, Microsoft, NVIDIA, Tesla
accounted for all of the S&P return this year.
The other 492 stocks in the S&P 500
are down for the year.
Coming into today.
I think that improved today.
Somebody wrote,
end of quarter markup with tech wait till mid-May they're going to crash
okay
hopefully they'll rally into mid-May
another one wrote
quantitative tightening is over we're now quantitative easing
but this time it won't be good for tech stocks as the premature
return of quantitative easing will send both inflation
and long-term interest rates higher
that did not happen today
somebody sent this to me do you know
I didn't know this you ready
In 1920 we had 31,000 banks.
In 1970 we had 13,500 banks.
In 2000, we had 8,200 banks.
We now have 4,200.
Whatever.
You know, my favorite airline is Virgin Atlantic.
Virgin orbit.
Satellite launch service was a SPAC.
Came out in 21 at 10.
bucks close today at 20 cents it was down 41 uh percent today i gather they're going out of business
comes under the heading again you all better remember this crap i don't blame richard branson
hey trying to do a satellite business i want to raise money hey look they're coming to me with these
spacks sure by the way spacks are blind pools i don't blame them i blame wall street
the other day, the quality of the companies that were merged into these SPACs. For the most part,
on a scale of one to a hundred, were less than one. Wall Street very much knows that most of them
are not going to make it, but give me my fees anyhow. It reminds me of Goldman Sachs making
tranches of mortgage-backed securities in 2007, telling each other and emailing each other,
this is a bunch of crap using the other word, selling it, and then shorting it.
I would go to jail for that.
Not one of them went to jail.
Not one of them was indicted why.
Washington and Wall Street.
How many Treasury secretaries have come from Goldman?
I don't even think they paid a fine.
But I do believe in the last year, the regulatory bodies came out and said,
you can't do that anymore.
Really?
You were allowed to do that in the first place?
You know, in my industry, there's something called conflict of interest.
You think if I was selling a stock and buying it from my clients,
or buying a stock and selling it from my clients,
regulators would shut my ass down.
Rightfully so.
Not even a slap on the hand.
Back to my point.
We just want you to remember this.
We've had this line in bare markets.
You will get no help from Wall Street.
And it doesn't matter as much in bull markets if everything's going up.
Hey, everything's great.
Terrific.
Well, yeah, yeah, yay.
But in bare markets, the curtains come down.
What does Buffett say when the tide comes?
goes out and you get to see who's naked.
Well, the SPACs were naked.
The meme stocks were naked.
We warned you.
It was easy.
And we railed about some of the SPACs.
Companies telling us they're going to be electric vehicle monoliths.
A couple people were indicted.
Ain't nothing going to happen to them.
Nobody's going to jail.
We'll pay a fine.
From the ill-gotten goods, we just want you to remember.
We just don't want you to forget.
And the problem is people do forget, especially when we have bullish phases.
Everything's okay again.
We implore you to know it will happen again.
It always does.
It always repeats.
Human nature.
Fear and greed.
And the greedy.
and Wall Street
Why do you think Wall Street
never complains about the debt and deficits?
Because it's spending.
Can help a company.
Maybe government buys
a thousand iPhones.
Why do you think they don't complain about Jay Powell
unless he's tightening?
Because tightening hurts markets.
Easing's good.
No, it's not.
Jay Powell should be put out to pasture.
Unfortunately, that's not happening either.
So we just don't
Richard Branson, a famed, amazing businessman,
his SPAC is going to be a zero.
His other one was Virgin Galactic.
That was a SPAC.
They got that even moving from 10 up to 63.
It's four.
They still have no sales.
We repeat, do not forget this.
There's a lot of money to lose.
Have a great weekend.
Drive carefully.
When you get home, do like we do.
It's 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 weekend.
Everybody.
See you on Monday.
Peace out.
I'll take care.
Bye, bye.
This has been Investors Edge with Gary Cultbaum on BizTalk.
To listen to past episodes or to get in contact with Gary, go to GaryK.com.
That's GaryK.com.
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