Investor's Edge with Gary Kaltbaum - GOOD WEEK IN REVIEW

Episode Date: March 31, 2023

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

Transcript
Discussion (0)
Starting point is 00:00:00 At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at CVS.com or just come by our food. store. We can't wait to meet you. Store hours vary by location. 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,
Starting point is 00:00:50 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.
Starting point is 00:01:23 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.
Starting point is 00:01:55 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.
Starting point is 00:02:33 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
Starting point is 00:03:03 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.
Starting point is 00:03:54 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.
Starting point is 00:04:44 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
Starting point is 00:05:29 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
Starting point is 00:05:58 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
Starting point is 00:06:35 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,
Starting point is 00:07:00 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.
Starting point is 00:07:27 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.
Starting point is 00:08:03 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,
Starting point is 00:08:26 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.
Starting point is 00:08:47 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.
Starting point is 00:09:12 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.
Starting point is 00:10:09 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
Starting point is 00:10:37 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.
Starting point is 00:11:05 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, 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.
Starting point is 00:12:01 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 complementary portfolio review. The number to call is 888-4-22-5559. That's 8-8-5-59. That's 888-4-22-55-59. Investment advisory services offered through call-bomb capital management.
Starting point is 00:12:34 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.
Starting point is 00:13:24 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.
Starting point is 00:13:51 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 VitalProtteens.
Starting point is 00:14:08 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. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promise is to be fun. Investors Edge. The last bastion of quality programming.
Starting point is 00:14:34 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.
Starting point is 00:14:58 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
Starting point is 00:15:20 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.
Starting point is 00:15:39 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.
Starting point is 00:16:14 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.
Starting point is 00:16:37 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.
Starting point is 00:17:10 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.
Starting point is 00:17:30 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.
Starting point is 00:18:14 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?
Starting point is 00:19:08 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.
Starting point is 00:19:41 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.
Starting point is 00:20:10 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.
Starting point is 00:20:40 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
Starting point is 00:21:21 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
Starting point is 00:21:43 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.
Starting point is 00:22:09 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.
Starting point is 00:22:42 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.
Starting point is 00:23:35 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.
Starting point is 00:24:03 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.
Starting point is 00:24:34 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.
Starting point is 00:24:55 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. By the time I hit my 50s, I'd learned a few things, like how family is precious. Work can always wait.
Starting point is 00:25:13 And 99% of people over 50 already have the virus that causes shingles. Not everyone at risk will develop it, but I did. The painful, blistering rash disrupted my life for weeks. Don't learn about your shingles risk the hard way. Talk to your doctor or pharmacist today. Sponsored by GSK. We're listening to America is talking.
Starting point is 00:25:42 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
Starting point is 00:26:13 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.
Starting point is 00:26:52 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.
Starting point is 00:27:21 I'm trying to think to myself, why would somebody do that? Every now and then. People are weird. The market wrap. Brought to you by Investment-Models.com. That's Jim Rohrabach, one of the great market timers. No gray areas with the man you're either in or out of the market with proprietary indicators. Go check it out.
Starting point is 00:27:44 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.
Starting point is 00:28:35 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.
Starting point is 00:29:06 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
Starting point is 00:29:51 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.
Starting point is 00:30:43 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.
Starting point is 00:31:01 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.
Starting point is 00:32:02 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
Starting point is 00:32:31 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.
Starting point is 00:32:58 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.
Starting point is 00:33:32 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.
Starting point is 00:34:02 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
Starting point is 00:34:47 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
Starting point is 00:35:13 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.
Starting point is 00:35:33 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.
Starting point is 00:35:55 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.
Starting point is 00:36:52 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
Starting point is 00:37:20 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
Starting point is 00:37:37 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.
Starting point is 00:38:05 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. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs,
Starting point is 00:38:31 APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU. APU.org. You're listening to. What are we waiting for? Well, what are you waiting for?
Starting point is 00:38:57 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.
Starting point is 00:39:30 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.
Starting point is 00:39:58 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
Starting point is 00:40:20 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.
Starting point is 00:40:51 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
Starting point is 00:41:44 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.
Starting point is 00:42:51 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?
Starting point is 00:43:17 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.
Starting point is 00:44:00 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?
Starting point is 00:44:18 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.
Starting point is 00:44:48 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.
Starting point is 00:45:18 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?
Starting point is 00:45:35 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.
Starting point is 00:45:58 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.
Starting point is 00:46:26 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.
Starting point is 00:46:48 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.
Starting point is 00:46:57 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. Every day,
Starting point is 00:47:14 headline shipped, but the uncertainty never seems to fade. From rising geopolitical tensions to record U.S. debt and ongoing debates about inflation and money printing, Americans are watching economic forces that feel far beyond their control, and for many, that instability is showing up in retirement accounts, personal savings, and long-term financial plans. More people are taking a closer look at options that don't depend on Wall Street. Physical gold and silver have been used for generations as real, tangible assets during unpredictable moments like these. They're not about replacing existing investments. They're about adding a layer of diversification that has historically helped provide balance during volatile periods.
Starting point is 00:47:51 Preserve gold focuses on education, giving everyday American straightforward information about how precious metals can fit into a retirement strategy, including options to hold them inside an IRA. To get your free wealth protection guide, text IHeart 2505. And with a qualified purchase, you could receive up to $15,000 in free gold or silver. Text IHeart to 50505 today. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs,
Starting point is 00:48:25 APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU. U.S.edu.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.