Investor's Edge with Gary Kaltbaum - GREATNESS [12.26.2024]

Episode Date: December 26, 2024

https://garykaltbaum.com/...

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Starting point is 00:00:00 For delicious meals, you could go out to eat or spend hours in the kitchen. Or you could just make a Marie Callender's meal. Yeah, you heard me. Marie Callender's classic chicken parmesan bowl is delicious, with scratch-made marinera sauce, creamy mozzarella cheese, and no preservatives. It's high in protein with 30 grams per serving. Marie Callender's, what having it all tastes like. Investor's Edge with Gary Coltbaum.
Starting point is 00:00:32 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 Coltbaum, your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Thursday, December 26, 2020, for another quick year. You know, as you get older, the years go quicker.
Starting point is 00:00:58 you do know that right but hey hi hope you had a Merry Christmas happy Hanukkah still going on as we're in the holiday season hope everybody's travel well stayed safe didn't drink too much and all that
Starting point is 00:01:14 as always we have a lot to cover ladies and gentlemen even on this lazy hazy day after Christmas this is serious talk about everything that affects you we will do the market We will do the economy.
Starting point is 00:01:30 We'll do your job. We'll do your industry. We'll do the Morlocks in D.C., debt and deficits, lies and corruption. You name it, we cover it. I titled today's show greatness. Why the heck would I do that? Ladies and gentlemen, I'll get into the markets in a little bit. The indices did not do too much, but there was some jello moving on the plate today.
Starting point is 00:01:56 what is one of my main complaints about the Marxists and socialists? What is one of my main complaints? They hate success. They hate success. Why do you think they're always talking bad about those billionaires? Like they're bad people. You notice that, right? Why do you always hear the talk of fair share?
Starting point is 00:02:30 that they always have to pay more, even though they pay most of the taxes. We're talking the top 1%, 5%, 10%. Why is that? Well, Marxists and socialists by their own rules are control freaks. And what they do is they use their power of the purse and debt and deficits and rules and regulations and fees and fines and mandates and you name it. to control. But there's also a part of that that they don't do and they never do. And I defy any one of you to show me any video of Joe Biden the last four years talking about greatness and
Starting point is 00:03:24 upward mobility and striving to do better and be better and be better and grow. better. You see, what these people are about is as you get better and bigger and stronger and richer, they are there with the machete to cut you off at the knees. That's what the big taxes are about. That's what the rules and regulations are about. But this is not just for the Marxist and socialists, I have found that a lot of republic cons are kind of the same way. You don't hear enough about greatness and education and mentorship and leadership and skills and public speaking and coding. All you hear about is what they're going to do for you and don't worry, oh, we'll pay off your student loan.
Starting point is 00:04:32 We've got 82 different welfare programs that dole out a trillion bucks. Don't worry, we got you. But the bottom line is the reason why they hate success is because success do not need Marxists and socialists. They are control freaks. And I'm always looking for, I don't know if the word is heroes. I'm looking for anybody in power that has a voice that influences talking about greatness, that any one of you could be down on your luck and in a year invent, create, and you're now thriving because you got smart about something or you're an expert or something.
Starting point is 00:05:36 and you've finally marketed it well, whatever it may be. I'm going to read something to you, and then I'll tell you who said it. And I quote, The reason top tech companies often hire foreign-born and first-generation engineers over Native Americans isn't because of an innate American IQ deficit. A key part of it comes down to the C-word culture. Tough questions demand tough answers, and if we're really serious about fixing the prom,
Starting point is 00:06:11 we have to confront the truth. Our American culture has venerated, and by the way, some of this I disagree with. We'll get to that. Our American culture has venerated mediocrity over excellence for way too long, at least since the 90s and likely longer. That doesn't start in college.
Starting point is 00:06:31 It starts young. A culture that celebrates the prom queen over the math Olympiad champ or the jock over the valedictorian will not produce the best engineers. A culture that venerates Corey from Boy Meets World or Zach and Slater over Screech in Save by the Bell or Stefan over Stephen Erkel in Family Matters will not produce the best engineers. I love that. Fact.
Starting point is 00:07:07 I know multiple sets of immigrant parents in the 90s who actually. actively limited how much their kids could watch those TV shows precisely because they promoted mediocrity and their kids went on to become wildly successful graduates. More movies like Whiplash, fewer reruns of friends. More math tutoring, fewer sleepovers. More weekend science competitions, fewer Saturday morning cartoons. More books, less TV. More creating, less chilling.
Starting point is 00:07:32 More extracurriculars, less hanging out at the mall. Most normal American parents look skeptically at those kinds of parents. More normal American kids view such those kinds of kids with scorn. If you grow up aspiring to normalcy, normalcy is what you will achieve. Now close your eyes and visualize which families you knew in the 90s or even now, who raise their kids according to one model versus the other. Be brutally honest. Normalcy doesn't cut in a hyper-competitive global market for technical talent.
Starting point is 00:08:05 And if we pretend like it does, we'll have our asses handed to us by China. This can be our Sputnik moment. We've awakened from slumber before and we can do it again. Trump's election hopefully marks the beginning of, by the way, this is not a political statement, even though he mentions Trump. Trump's election hopefully marks the beginning of a new golden era in America, but only if our culture fully wakes up. A culture that once again prioritizes achievement over normalcy, excellence over mediocrity, nerdyness over conformity, hard work over laziness. That's the work we have cut out for us rather than wallowing in victimhood and just wishing for legislating or legislating alternative hiring practices into existence. I'm confident we can do it.
Starting point is 00:08:51 I love that. Where I disagree with, I still think there's a ton of greatness here. I know in Florida, you can't even get into one of the colleges without a 4.0. So a lot of kids are doing a lot of things right. but that was from Vivek Ramoswamy. And this is what needs to be said to our kids and our teenagers and our students. Greatness. Reach.
Starting point is 00:09:24 Reach for the stars, not for the sidewalk. And you're never going to get this from the socialists and Marxists. All they're going to do is tell you how everything sucks. and you're going to be kept down because the rich hate you and the billionaires suck even though they've created massive amounts of wealth and jobs and productivity gains I'm hoping we hear more of this
Starting point is 00:09:51 because I don't think there's enough from the people who influence and who would be the influence people in D.C. That are front and center. Your governors, your senators, your congresspeople. we get it sometimes from our heroes in sports. LeBron James has opened up how many schools for kids?
Starting point is 00:10:19 It's fantastic. Forget the politics side. I know what you think of some of you're going of LeBron James, but this is what I'm talking about. I want to hear more and I want to see more. Because the social media thing, if you go on and see what's going on, boy, oh boy, it's a little bit on the scary side.
Starting point is 00:10:44 So I still do believe there is a major, major, major, bout of greatness in this country from our young people. But man, oh man, the Marxists and socialists are trying to stamp on it. We'll talk more about it. And the markets. 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.
Starting point is 00:11:37 We manage investors' money for a lot of, 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,
Starting point is 00:12:08 call us to make an appointment for a complementary portfolio review. The number to call is 888-4-22-5-59. That's 8-8-8-4-2-5-9. That's 888-4-2-2-5-9. Investment Advisory Services offered through call-bomb capital management. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Gambata. We discussed his vision for the future of quantum computing.
Starting point is 00:12:45 At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. building actual physical machines. Yeah, it's why I came to IBM.
Starting point is 00:13:15 I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem.
Starting point is 00:13:47 To learn how IBM is building the future of computing, visit IBM.com slash quantum. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health, with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal.
Starting point is 00:14:21 A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat, and it just becomes like a lifestyle where, oh, yeah, you know, I just 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.
Starting point is 00:14:42 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. On Deck is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps,
Starting point is 00:15:15 OnDex loans up to $400,000 help make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, OnDec delivers funding you can count on. Apply in minutes at ondac.com. Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank. OnDec does not lend in North Dakota. All loans and amount subject to lender approval. It's time to switch on the integrator units and get the brain
Starting point is 00:15:43 sales working you're listening to hey this promises to be fun investors edge the last bastion of quality programming with Gary cult bomb it doesn't get better than this so uh let me finish that up you know when they tell you
Starting point is 00:16:10 if you make this certain amount of money you're not paying your fair share oh you're not doing the right thing you know when you become really great and you've been productive, you started with nothing, you became this behemoth of a business person, and they try to step on you and actually put you down, it's because Marxists and socialists are control freaks
Starting point is 00:16:46 and they hate success because success does not need them. When you are successful that you don't need some adults that have been in Washington, D.C. for 30 years, telling you what you need. You've already drove the bus. We just want you to remember that, and we want to hear more from D.C. About education,
Starting point is 00:17:13 greatness, hard work. You know, there was a move afoot by some of the Marxists and Socialists to do a four-day work week. I'm not making this up. Bernie Sanders wants a four-day work. work week, which basically means you are guaranteeing any of those people go into four-day work weeks to be at the bottom of the barrel versus those that say, screw this, I'm working five days.
Starting point is 00:17:50 Greatness does not factor in the time to get there and how much to put in. they get it done Marxists like Bernie Sanders wants to stomp on you you try to move up boom take the mallet out and hit you over the head think about it
Starting point is 00:18:16 that's why I've never understood people growing up and becoming extreme leftists what is it about socialism and Marxism that's good you're basically saying, I want others to control my destiny. And they're going to do it with rules and regulations and fees and fines and mandates and taxes. And they're going to make sure and guarantee me mediocrity.
Starting point is 00:18:47 They are capitalists with their own money. They are Marxists and Socialists with yours. They are capitalists with their lives. They are Marxists and Socialists with your lives. I don't know if you've seen it. I don't know if you've seen the hypocrisy of that. And it's almost, it is comedic. I laugh at these people.
Starting point is 00:19:21 And I'm just bringing it up today because I read this Vivek Ramoswamy, what he wrote. And again, I don't agree with everything. Because as you know, I work closely with the Boys and Girls Clubs of Central Florida, and I can guarantee you there are kids in there. that came from nothing that are now in medical school, teaching, mentoring others. Because they applied themselves. They worked hard. That's why we call it be great at our clubs.
Starting point is 00:19:55 So let's hope Vivek. By the way, have you noticed them putting down Elon Musk like he's the Antichrist now? Have you noticed that? And they're making fun of them. Oh, he's the new president, this and that, and this and that. Do you know how much wealth this guy has created? He's sending up spaceships that now come back so they can use them again and again. You know how much that saves?
Starting point is 00:20:22 You know that Biden wouldn't let Elon Musk in the White House, even though he did electric vehicle symposiums at the White House, because Elon wasn't unionized. Stomp on greatness, the picking and choosing. It's laughable. I've taught my kids Money ain't everything But study success Study the greats Learned from them
Starting point is 00:20:58 You know who you shouldn't learn from Bernie Sanders Living off the taxpayer his whole life And pissing all over people His whole life Everybody sucks Especially the rich The billionaire's
Starting point is 00:21:15 I want to know how every billionaire became a billionaire. What did they do? What characteristics did they have? Oh, that's right. They all worked longer hours than others and found a niche and marketed it well and created and hired the right people. Oh, that's right. What do people like Bernie Sanders do? They get elected and create nothing. Anyway, you can go on Vivek Ramoswami's Twitter feed, X feed, and read what I just read to you. Great start. I want to hear more. I want to hear more. I want to see more. When my sons were in high school, I had them sitting down at a table with me and they would invite their friends over and I would go over the real world with them. I taught them things they would never get taught in school. That's what I did.
Starting point is 00:22:48 It's what you've got to think about. The only way this country gets better is smarts and greatness and hard work and there's still a lot of that out there. Fortunately, okay, well the indices didn't nothing today. It doesn't even matter. Dow was up 28. S&P was down two. Nasdaq down 10, NASDAQ 100 down 29. Transport's up 40. I gather volume was probably on the light side. I didn't even see. I'm about to look right now. Yeah. Nah. Well, yeah, it was on the light side. I was actually comparing it to the half day on Tuesday. A few things I want to bring up today as words of caution. I did it for the peeps today in a little 15, 20 minute webcast. Just some words of caution on you can lose a lot of money if you're not cautious. We're just letting you know right this second.
Starting point is 00:23:56 There is a decent amount of stocks. Some came from 30 cents three weeks ago that are now $9. No, really. I'll explain that up next. On this, the one only investors, Ed. Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing,
Starting point is 00:25:00 whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together? It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before.
Starting point is 00:25:33 Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with Quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem.
Starting point is 00:25:56 To learn how IBM is building the future of computing, visit IBM.com slash quantum. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with 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 egg every time that I eat and it just becomes like a lifestyle
Starting point is 00:26:41 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
Starting point is 00:26:57 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. OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, On Dex loans up to $400,000 make it happen fast.
Starting point is 00:27:28 Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, On-deck delivers funding you can count on. Apply in minutes. at on deck.com. Depending on certain loan attributes, your business loan may be issued by on deck or Celtic Bank. On deck does not lend in North Dakota all loans and amounts subject to lender approval. We're listening to America is talking. Investors edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Coltbaum. It comes highly recommended. You're going to feel better if you talk to him. So, this is not to throw cold water on what is.
Starting point is 00:28:19 happening it's to just give you a dose of reality there is a grouping of stocks right now that are going insane a grouping of stocks that are going just insane I'm not going to mention a symbol on here but I'm looking at one that has just gone from 35 cents and really never traded in one two three four five seven, eight, nine, ten, eleven training days, 35 cents up to $8.76. The company has no sales, but it does quantum computing technology,
Starting point is 00:29:10 which means there is a little near term, I'm going to call it a little bit of a mania, on quantum computing. Here's another one, and I'm not given out symbols, which was four bucks on November 21st. November 22nd. Four bucks.
Starting point is 00:29:37 It's $67 today. No, we're not making this up. And by the way, when it was four bucks, it never traded. Today it traded the float. Here's another one. That was quantum. Here's a quantum also. A dollar to $10.
Starting point is 00:30:04 No sales, but now has a $1.8 billion market cap. Not making this up. Now, we are mentioning this because we do these scans every day, and I didn't find these things until they were up five-fold already. And if I didn't find them after they were already up five-fold, that means most of you have not. Here's another beauty that's gone from 72 cents to 15 bucks.
Starting point is 00:30:38 In about five weeks with no sales. quantum computing. Now there's also drones, companies with no sales. I'm seeing it also in these robotaxies with no sales. I'm seeing it in,
Starting point is 00:31:00 here's one, air taxi service with no sales. There's a couple here that have like a million dollars in sales. And I found one with no sales that had a $9 billion market cap. And I'm not making that up. We're just letting you know they're going to get louder and louder, the higher they go. And we just want you to be
Starting point is 00:31:29 careful. This is what I said to my peeps early, and this is what I've always said to you when we get these mania-type moves. And when I use the term mania, it simply has to do with the fact these companies have no sales or hardly any sales and are going up manyfold to the point where their market caps are just ridiculous compared to those sales, which takes me to my favorite line that I've brought up to you many, many times throughout the years. And by the way, it did work every time. And that is, if nothing changes. if nothing changes. And all these companies remain with no sales or very little sales.
Starting point is 00:32:26 And they're doing $3 million in sales, but has a $2 billion market cap. Eventually, eventually, they will all go back to where they came from if nothing changes. Hey, maybe one of these drone companies becomes a billion dollar sales. for all we know that means something changed but typically these type of moves are not lasting and if you are the last one in and you don't trade once things go awry there's a lot of cake to lose so we are not telling you to buy them sell them short them or cover them if somebody calls you up and says hey did you see those quantum computing stocks,
Starting point is 00:33:27 aren't you getting in? Please first check where the stocks were two months ago. And just remember, if you buy a stock that's up sevenfold in a month and has no sales, please recognize that there is risk. And please recognize when the music does stop, they all go back to where they came from if nothing changes. Now, how are we able to say that? We're able to say that very simply.
Starting point is 00:34:06 We've studied every bull and bear market. We've studied every mania. We've studied every fad. And there's always been one constant. Companies with no sales that stay with no sales, always go back to where they came from ultimately. We don't know when ultimately is. We don't know what eventually is.
Starting point is 00:34:30 We don't know where these things will top out. We don't know if it's tomorrow or in six months. We don't know. But when the music stop, they will crater like you will not believe. And we've said it about many names throughout the years during bull and bear markets. now we're hearing this quantum computing thing is going to be huge okay i'm all for it but if a company
Starting point is 00:34:58 has no sales i could care less how huge quantum computing is they'll go back to where they came from and we have plenty of evidence to provide that so just a little lesson time from your handsome and buffed host here's a beauty not billion market cap. Now, they have about 30 million in sales. This one has to do with AI. That's another thing going on right now, too. AI, of course. And there's going to be some real meat in there, and there's going to be some pretenders also in the AI space. So a little bit of Gary being your protector today. And again, for all we know, I'm looking at one right now that went from 5 to 44 in the last five weeks with no sales.
Starting point is 00:35:59 Quantum. I don't know if it's going to go to 100 tomorrow. By the way, it was up 14 today to 44 bucks, up 50%. Today, after it made a big move. So I don't know if it goes up another 100% tomorrow. There's no way of knowing. Just do not be the last one in when the theme dies. Will the theme die?
Starting point is 00:36:26 Maybe not. But the companies with no sales will die. Again, how do we know? We've studied all this throughout the years. Could some of these no sales companies be bought out? I've seen it happen in biotech. I have seen no sales biotechs bought out for $4 billion by big drug companies. I've seen that.
Starting point is 00:36:51 But I've also seen hundreds of no sales. Biotex, open up down 50% because the placebo did better than the drug in phase two trials. All right, enough of the preaching, right? Anything stand out on the upside today? Yeah, that broadcom with the big gaps still acting well. They pulled back Netflix and Tesla a little bit today. No biggie after big runs. I don't see anything untoward.
Starting point is 00:37:30 The broad market will look very weak. early, but turned better by the end of the day, but not great better, just up. There's still plenty of weakness in all the areas we've been telling you to avoid. But we think those areas, a little bit of bounce mode here. If you go look at the materials and the metals and the mining and things like that, they're way down, way down in their drops. So yeah, they can bounce. but we're looking for the big strength, the big up trends, the companies with great earnings and sales growth. Up next. What else we got for you?
Starting point is 00:38:19 I'm Gary. This is the one only investors edge. Hello, hello. I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna. And I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side.
Starting point is 00:39:16 For example. If anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind it. If anybody is not using AI to make their developers who write software 30% more productive today with the goal of being 70% more productive. Yeah. Wow. So we are not asking our clients to be the first experiment on it. We say you can leverage what we did.
Starting point is 00:39:47 We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology, is getting people to accept that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks. Hi, I'm Dr. J. 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
Starting point is 00:40:31 issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat and it just becomes like a lifestyle where, oh, yeah, you know, I just 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
Starting point is 00:41:16 IHeartRadio. Listen now wherever you get your podcasts. Cashflow crunch. OnDak's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly, and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by on deck or Celtic Bank. On deck does not lend in North Dakota all loans an amount subject to lender approval. You're listening to
Starting point is 00:41:54 what are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the guesters' edge with Gary Culpa. So, So, just letting you know my favorite food at any restaurant ever is the black cod at Nobu. I don't know if you ever been to Nobu. They're opening up everywhere now. I think there's like probably 50, 75 restaurants around the globe. They're doing Nobu hotels. I think they're doing one here in Orlando also.
Starting point is 00:42:50 The Black Cod, best tasting. You know what number two is? The Ribs at Morimoto's. I went to Morimoto's last night with the fam at Disney Springs, which by the way was packed and the ribs at Morimoto. Man, that is some, and I'm not a meat or rib guy that often. Wow. Just letting you know, my highest of recommendations.
Starting point is 00:43:24 If he into ribs. And of course, no booze black cod. off the beaten pair. What else in the market's going on? We're always looking for new merchandise. Oh, Bitcoin. If micro strategy breaks below $326, if, not saying it is, that will mean Bitcoin's more than likely getting in trouble.
Starting point is 00:44:03 And I believe I mentioned this before on micro strategy. I'm very, very, very, very worried about what they are doing. They just keep buying up more and more Bitcoin at the highest, the prices, with leverage. And those that have listened to this show on leverage, it does cut both ways. The idiots in 08 leveraged up the mortgage-backed securities because Remember Bernanke said housing prices never go down. And they all went out of business, almost caused the financial system to collapse and not one person was indicted or jailed, even though they should have been. The CEOs of the big investment banks not only kept their jobs, they didn't go to jail and they ended up making billions after.
Starting point is 00:45:04 And guess what? They took $800 billion of our tax dollars, handed that to them. Oh, they told us they paid us back. I don't remember that. Microstrategie is kind of their strategy. So we'll let you know. And Bitcoin is under some pressure right now. I believe it hit 107,000.
Starting point is 00:45:32 Am I correct? 107, 108,000. Currently, Bitcoin price is 956, which is nothing on a poll. back. But looking at the GBT, which mirrors the Bitcoin, a break below 73,
Starting point is 00:45:55 close at 75, 76, would be negative, and the big break would be below $69. And as we have stated to on Bitcoin, there is nobody that's paraded on TV that there is not one person that says
Starting point is 00:46:12 any chance of a bare market. And the last bare market was down in the 70s. Just want you to remember that. And let me explain why we are mentioning this. It feels like every other ad now on TV is for Bitcoin. And you're not just buying the ETF to us. You're buying the actual Bitcoin.
Starting point is 00:46:35 You can put it in your IRA and all that. And as I'm listening to satellite radio, every other commercial is the crypto and the Bitcoin and the Bitcoin. And that's fine and dandy when it's going up. but what if it drops 50% from the highs? What if? Does anybody here think that can't happen? It happened in 21, 22.
Starting point is 00:47:04 Just remember, this is just an asset price. It has no service. It has no product. It has no earnings and sales. And I'm not saying it's not going to a million or 13. million like one person said or 49 million like somebody said on TV with a straight face. We're just letting you know bare markets happen in every asset. Every asset.
Starting point is 00:47:32 And this one being leveraged big time, a bare market could be a lot more meaningful because you know what happens to leverage when it loses its behind? it's called forced selling to cover the big debits. So just we'll keep watch. We gave you a little couple of numbers here on support levels. I'm more worried about the leverage micro strategy. And by the way, I would say it to his face. He's been interviewed a few times and I did notice that he was asked some tough questions about it.
Starting point is 00:48:14 selling a ton of stock to buy, adding more stock to buy, doing convertibles, paying 0% to buy. One asset that nothing can go wrong. Got that? Notice how this show is kind of like preventative medicine today from your handsome and buffed toast. And the reason we're doing that is because we have a pretty good feel on people. The mass's thought process at any given time on things. Now, this thing with the quantum and the drones, that just came up in the last 60 days. Those things were dead.
Starting point is 00:49:09 And I have no idea what started them up. Well, I know the drone thing that started them up all those drones out there. But the quantum computing, the air, Air taxis and all that other stuff. We're not saying they're not going to proliferate. We're saying if nothing changes, don't be the last one in. I will talk more positive tomorrow.
Starting point is 00:49:38 I believe I'll be on noon business on Fox Business Network tomorrow. Check that out. You'll have a great evening drive carefully. If you're still traveling, travel safe. And when you get home, do like we do. Quite simple. make sure you hug your family, make sure you hug your children. They will feel better. You will feel better. I promise stay well, be well.
Starting point is 00:49:57 I'm going to take a nap. Peace out all. Good night. This has been Investor's Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Success starts with your drive. An American Public University is here to fuel it.
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