Investor's Edge with Gary Kaltbaum - Happy Holiday Week In Review [12.27.2024]

Episode Date: December 27, 2024

https://garykaltbaum.com/

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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 Colp. I'm your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Friday, December 27th, 2004.

Hope you are spending the holidays the way you want to. If you are traveling, travel safe, if you are driving. stay away from me. And we have lots to do today. Normally during the holiday season, we can come on the show and just talk a little bit of the market here, there, and whatever. But there's a lot of things going on. So we are going to be market intensive today. Hope you don't mind.

Right? But first, this is serious talk on everything that affects you. We do them and us. You know them, the Morlocks in D.C. that have been crushing us with their debt deficits, rules, regulations, fees, fines, mandates, taxes, and all that crap, and their corruption for a very long time. And the markets. And we're serious about it. Big time, serious.

And if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it on Twitter feed, which is now X. And if you don't follow us on X, you should. And of course, I used to have 90,000 followers. And then I said Bernie Sanders' economic policy was, communist and all of a sudden the next night I had 30,000 because they shut me down for a night. By the way, that was before Elon took over. Of course, if you'd like to email me, just be nice because we're only going to be nice back.

Okay, those that listened to this show, those have listened to the show for the very long time, know that part of our process, a huge part, is scanning. We scan the markets. And let us assume, let's us assume, we know what a bear market is, we know what a bull market is. We know what an up trend is. We know what a downtrend is. We know what a down trend is. We know what tops look like. We know what bottoms look like.

We know when there's trouble potentially ahead. We know when there's clear skies potentially ahead. Notice that word, potentially. So, for weeks and weeks and weeks, on this show, where we don't show you things, we tell you things, you got to be one of the peeps to be shown. We have said to you, avoid oils, drugs, food, and beverage, and consumer. Staples, Managed Care slash HMO led by United Health, defense stocks, government contractors, both outcomes of an election, rails, truckers, home builders, commodities.

and we say to you that steel, copper, aluminum, and all that stuff. Gold miners, recently insurance. We've been telling you about breakdowns in restaurants. Economically sensitive names, and there's a ton of them, and we're constantly mentioning our two favorites, United Rentals, and Caterpillar, both. in a bare trend right now, one worse than the other. Recently, we talked about insurance stocks and the fact that United Health and insurance and premiums and whatever, that's health insurance

and auto and house insurance or home. Notice, we're talking about a lot of sectors, but it also included emerging markets. Junk bonds had topped out. Utilities had topped out. Most of the semiconductor stocks in bad shape. Materials. Industrials. Did I say solars?

Hospitals. A lot of the medical. Big biotech. wait Gary the big indices worth highs how is this possible well it be possible because there's certain makeups of the big indices and as we have stated to you many times and it gets updated every day as of yesterday eight stocks made up 36% of the S&P. 492 stocks make up 64%, but only eight make up 36. And by the way, the eight are Apple, Nvidia, Microsoft, Amazon, Meta, Tesla, Google, and Broadcom.

Of those, Microsoft is the weakest. Broadcom is the strongest. Apple's right there. Nvidia's been doing nothing for months but hasn't heard anything. Amazon's been strong. Tesla's gone straight up since the election. And Google had a nice little move up. Eight names.

Ten names is 55% of the NASDAQ 100. And that includes all those names, adding Netflix and Costco. The money has flowed out. of all these areas we've told you to avoid and into an ever select few names. And that's not the only names that are on the strong side, by the way. There's other strength. But on the whole, if for the last two or three months

you have owned all those areas we told you to avoid, your behind would be kicked in the... and as we always told you, narrow markets usually don't end well, in that it is money flowing from the most into the narrow, and it's usually the biggest because it's the most liquid and easy to get in and out until they get to them. And if they get them, and there are no changes in the broad market,

well, you're going to go get a good correction. And we weakened. What was it? Last Wednesday, the market got trashed. We bounced up a couple of days into the holiday. And as I always say to you, we don't know what tomorrow brings. But today, they kicked the market in the teeth again.

By the way, the market is not closed. It's 3.37 p.m. We'll take you to the close. But as I speak, Dow's down 415, the NASDAQ down 353. And guess what they're doing in the NASDAQ? What's been strong? Well, Netflix is down 20. Tesla, it's down 24.

Costco is down 18. Booking holdings, well, that's a $5,000 price. Down 70. Service now down 24. Dualingo, down 10. Axon, down 14. So they're getting those areas. a decent amount today

and we'll see how they finish them up and stuff but that's more deterioration we've also told you about advanced decline figures all these days negative three to one today is a negative how about four and a half

to one on the New York and more than three to one on the NASDAQ new highs new lows there's not many new highs and new lows have been picking up now we don't know what next week's It's the end of the year. I heard last week the market had to go up into the end of the year because it's the holiday season.

And guess what they were saying today why the market was down? Oh, that's tax loss selling. They always have an answer for why. We don't want to hear any of that. We just want to interpret markets. And we came in today knowing all these other areas we want to avoid. And what has been working is the big caps, the mega caps. And notwithstanding, we told you about software.

You know what? Software now looks like it's topping out. And a lot of these bigger names look like they're topping out. Oh, and I didn't mention the financials. I was saving that for a little bit. But guess what they just did in the last week? The regional banks broke the 50-day easily and has what we call a bearish flag, meaning turn a flag upside down.

You know what a flag pattern is to the upside? Straight up the pole, make a right turn, then make another leg up. We'll turn it upside down. The KRE regionals. The KBE, the banks, the same. That's not good. Up next, we'll expound.

I'm Gary. This is the one only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals.

Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-422-559. That's 888-4-2-2-5-5-9. That's 888-4-2-2-5-5-9. 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. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before.

Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. My cell phone is a mature technology at this point. How far are we from that point with Conta? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very, very, large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum.

Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist, Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh yeah, you know, I just 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. Cashflow crunch. OnDex 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, resty, 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. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this.

And welcome once again to Investors Edge. We don't mean to harsh your buzz, but we deal in facts here. We don't deal in fantasy. We don't deal in predicting. We deal in interpreting. That's all. And as you know, they've all been coming out with their

2025 predictions like they know. what's going to happen by the end of 2025. That's so funny. You got Donald Trump in the White House in 2025, who, and let me say this with love. If he says something on Monday, on Tuesday, could change his mind. How do we know this? Well, we had him for four years. He has been quoted as saying,

Tariffs the most beautiful word in the dictionary. which we believe is insanity. And the talk of 100% tariffs, if he ever did that, just drop the market 30%. And now we're hearing he wants to buy Canada or make him a state. That ain't happening. They're not getting Greenland. They're not getting the Panama Canal. So already all the news is kind of insane.

He's not even in the White House yet. By the way, Canada would go a long way in becoming part of the United States. United States because they're destroying Canada. And I have very good friends, Canadian people that are just terrific and they loathe this misery named Trudeau who runs the show there. But none of that's happening. But it's in the news. And Trump's attacking everybody again. So we don't know what outcome is going to be and who he's going to attack next and who he's going to put up on the wall and throw darts at next? Is it going to be a company? Is it going to be a person? Is it going affect the stock or a company? I don't know. But we're going to be dealing with that also.

And again, I say that with love because we wish him well. We hope he does well. And tigers are already re-eaten their young in the Republican Party, by the way. There's already tons of infighting already. You know, we have this motto, I have this little life motto, never piss on prosperity. Well, they're already starting. Excuse the French, but that's the motto. Anyway, back on point. If you all, go put up a chart of something called the RSP. This is the S&P 500 equal weight if everything was 1%. Excuse me. Everything's equal to each other. stocks, everything's equal weighting. Go look at that and then put up SPY, which is not equal weighting.

You will see the equal weighting much worse than the other why, because the top eight stocks are 36% and they have been performing. Thus, when we come to you and say to you, if they get those eight and nothing changes with the rest, which they've been deteriorating, trouble. Let's add the Bitcoin's coming in. We told you that it's really market base. It's an asset. That's coming in.

Micro Strategy, and we warned you about that, we did. It's gone from 543 to 327 in four weeks. We warned you about the leverage. By the way, if you bought it early and you sold at 543, God bless you. Well done. But we're just letting you know, we think our first job here is the protection of capital. And we've been telling you about these no sales stocks in quantum and drones and lunar and robotaxies and vertical things that go up and down. Well, they opened them hop today and they slammed them again.

And they're down. A great example. I got one that was 90 early today. It was three bucks six weeks ago. It was 90 today. It's now 70. That's a big drop. God bless you if you got the original move. I got another one here. And by the way, again, these are all specs. No sales things. I got one here. That's not so bad. It was 49 today. It's now 41. That was six bucks six weeks ago. So we had the froth and we always tell you when a big time froth comes around. It could be meaningful to the market because very often when there's a lot of froth, markets can get in trouble. And we're just letting you know today 930 up, 3,000 down on the NASDAQ, 707 up 3,38 down on the New York Stock Exchange. and as I speak the Dow's down 440 S&Ps down 84 NASDAQ 364 NASDAQ 100

330 transport's only 125 but that's been kicked in the teeth for a while small caps and midcaps just ain't happening again they broke those badly last Wednesday and hardly was able to rally them and now all these indices and a ton of stocks okay I'm going to be a little bit technical with you they have little inverted handles drops right turns

making little handles but inverted think of a handle on a coffee cup and turn it over a break below those handles and another leg down ensues

and I see it in the small caps I see it in the midcaps I see it in the midcaps I see it in the finance. I see it in everything. Does that mean it has to break below? No. But it's going to be an interesting beginning of 25 if you ask me.

But Gary, we hear we have a new president coming in that's totally pro-business. Lower taxes, less regulations. You have been praising him for all that. How can the market go down? Oh, it's simple. The 10-year yield was up another point four today to 4619, while the feds at 4.5. So they're behind the curve again. That's number one.

And number two, valuations. The S&P price earnings multiple, depending on which rusty abacus uses around 24, 25, normality 17. That's all. If the market decided to trade at 17 times earnings, will you add that up. Now if earnings are strong, you can take that multiple down. Well, if interest rates are going higher, earnings will be less strong because the cost of capital goes up for everything. So we're on watch. And the best way I can explain the market right now, deterioration on a technical basis. Monday will be another day. Up

Next, more on these markets. This is the one only Investor's Edge. Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together?

It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the time? 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 Quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Hi, I'm Dr. Jay Goodman, host of Beyond the Script. the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches.

Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, yeah, you know, I just, I 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. OnDEC is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, 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 ondeck.com, depending on certain loan hours. attributes, your business loan may be issued by OnDec or Celtic Bank. OnDec 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 Colbomb. It comes highly recommended. You're going to feel better if you talk to him. Hey, in the news, Joe Biden's on vacation again. I didn't realize he's still president, except he.

again he commuted sentences, death sentences. I hope you all took the time to go read up on the commuted death sentence prisoners. And C, trying to come up with a word to describe these people. I really can't say it on radio, but a decision was made to reward the most heinous human beings on this planet all in the name of well the death sentence not right and I noticed

a family put out a video the family is their daughter was murdered and raped by one of these people that is now off of death row he'll never see the outside ever

he's going to die in jail but this guy rewarded on his way out the most heinous disgusting criminals on this planet

and all I'm thinking to myself is how bad is this guy that this is what they decided to do on their way out how bad is he besides everything else he is done or not done

By the way, about two minutes ago, what I say, the Dow was down 420. It's down 286 right now. I'm not making that up. Seriously. The Dow just went up in three and a half minutes I got about 130 points in three minutes. I've got to love that into the close of the week. it better because I got news for you

the technical condition of the market needs a kick save needs a save somewhere in here and it still can happen but it's going to need a save but by the way back on Biden in the media I read a big article this week

from my I think it was the Times about how bad climate change is. And in that article, they didn't mention that the latest Arctic ice data shows it's 26% larger than 2012. But we were told by Al Gore and John Kerry that the ice is going to be gone by 10 years ago. I just want you to remember this. The scam and the con and how these people are getting so damn wealthy, off of this scam and this con, that all we really need to do is just be cognizant of pollution and just, you know, whatever we can do,

which is being done already. We become very green. There's electric vehicles proliferating a little bit more. There are companies out there that are cleaning the oceans, a lot of good things going on. But you got these scumbag politicians and creeps that continue to try. and do a great job of making a hell of a lot of money for themselves and the family off of their great con. I just want you to remember that. Go online and go see Al Gore's speech from 18 years ago now that he said in 10 years what would happen.

And they let him make a movie on it, made it to be gospel. And it was all a bunch of bull crap. And amazing that the media, I don't know if the word is for it. the media just suck, but they're trying to tell us the earth is 4.5 billion years old, but in 10 years we're gone. Just want you to remember that, and we'll keep harping on it. Just want to let you know ICE data shows 26% larger than 2012. But it was supposed to be gone. I have to mention that. Hope you don't mind. I also have to mention a couple of the things that are going on right now, and it's amazing. As you know, I was completely against Trump on what they did, what was a

January 6th and all that crap and pissed me off and I'm still pissed off that. He keeps saying he won the election. We don't have any bias. But I have to read something to you. All these people that have complained about him. You ever hear the hill? It's a whatever, a political, whatever. This is what they write from two people. They are opinion contributors. Congress has the power to block Trump from taking office. But lawmakers must act now. Now, the Constitution provides that an oath-breaking insurrectionist is ineligible to be president. This is the plain wording of Section 3 of the 14th Amendment to the Constitution. And it goes on blah, blah, blah, blah, blah, blah, blah. These are the same people. You catch my drift? You do realize, while Trump keeps saying he won the election, you do realize that Hillary said that Trump didn't beat her.

what's that woman's name in Georgia that's lost twice now that said she didn't lose so we just want to let you know the hypocrisy of all this is quite laughable that the hill would let opinion writers put this out that there should be some movement towards making sure Trump doesn't become president yeah that'll work now anyway just letting you know new york Times article, spending fight shows limits of Trump's power to change the fiscal path. Amazing. So here you have somebody who wants to come in and do the right thing. Efficient, effective government, get rid of all the fat and the corruption. And we are here in so many million bucks here for, I can't believe some of the stuff they spend on.

but the New York Times is trying to put out something how Musk and Vivek aren't going to get anything done. There's too much of this and too much of that. It's just amazing to watch, which takes me to Vivek. Remember, I did a little thing yesterday where I said, I disagree with him on him saying about uneducated here because in Florida you can't get into a college without a 4.0. There's a lot of great people out there. but the message of, hey, let's elevate things. Is that a bad message to let's elevate?

Well, Republicans are getting mad at him as well as Democrats. Basically, the broad message was, let's elevate. I want to elevate. At the Boys and Girls Clubs of Central Florida, all we talk about is greatness. hard work, expectations, mentorship, leadership. So Vivek is catching crap today. What else is new? What can I tell you?

All I can say to each and every one of you, just work your tail off, become great, become better than the next, work harder than the next person, market yourself well. That's all. Very competitive world out there. Very competitive world. But there's so many avenues now to market yourself and put yourself out there.

Instagram, TikTok, all these things, which I don't know half about. I have an Instagram account. I've never posted a thing. I probably should. So just a little bit of tidbit what's going on there. The media's already trying to talk them down and say they can't do this and can't do that. no doubt in my mind. They're going to be given Trump a colonoscopy 24

7 starting on January 20th. He's going to be the Antichrist. He's going to be a Nazi. He's going to be Hitler and Pol Pot and Stalin and Lenin all put together. They're already preparing for it. And you know what we're going to do? With

no bias, we're going to tell you whether they're being successful or not. Up next, we'll take you to the close of the day. I'm Gary. This is the one only investors end. Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata.

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

Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature, right? 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. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Hi, I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know, you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches.

Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just 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. OnDEC is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 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 ondeck.com. Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic.

Bank. On deck does not lend in North Dakota all loans and amounts subject to lender approval. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! Investers Edge. With Gary Culpa. And welcome once again to Investors Edge.

Well, the market closed and much better than the worst today. The Dow was down 333, NASDAQ down 300, NASDAQ 100, NASDAQ 100, down 300. I believe at the worst today. The Dow today, if I can find it, was it, come on, missed the charts. The Dow today was 4276123rd, was down 560. So that came off the lows, but still down 333. The NASDAQ finished down 298. The NASDAQ at one time today.

Ooh, 19553, 170. It was down about, really? 470? So good comeback, but still crummy. And when I do my scans and I do my little webcast for the peeps, what we are basically going to show is if, Listen carefully. If the lows of the, this may sound like we're micromanaging, but we're not,

if the lows of the last three, four, five, six, seven trading days get taken out more trouble. And that goes for a slew of stuff. By the way, we are not predicting that. Notice we said if. But leave no doubt no matter what, we've got deterioration. Another terrible advance decline day. We've had a slew of them. Leadership, they even went after some of the strongest stocks in the market today.

What it allows me to do, though, is gauge. What we will be doing is we have one screen of the strength, and we're going to be able to figure out what is holding better than most. But obviously, if things worsen, they will get most. I've already started making the list of the strength, and we'll see how it plays out. Most of the best strength is in the big stuff, but there is stuff below that as far as size, that's strong. And anything holding at new highs right now, which is basically only a handful, oh, we're going to want to be on top of those.

Oh, we're going to want to be on top of those. And I am not talking about the quantum stocks with no sales. And by the way, on the NASDAQ, there is a slew of two and three and four dollar stocks at New Yearly Highs. I do see Urban Outfitters at New Yearly Highs. after that I don't see anything else in the way of what I call meaty M-E-A-T-Y I see a bunch of dollars and two and fives and things like that on the New York anything at new highs let's see that's a quantum that's nothing Darden restaurants it was down today so it was a new high early in the day that's strong there's one by the way I'm not making this up as I go through this list

there's hardly any new highs in the market except for a bunch of these specs which by the way we're up very big in the morning with a bunch of them finishing down or barely up so we go into the end of the year and I don't listen to the people saying oh don't worry it's just tax loss

I don't pay attention I don't pay attention to people say, oh, the January effect is going to come on. Yeah, how do they know? I don't pay attention to the list. The top 10 stocks you must own for 2025. Do you really think anybody knows what's going to be what at the end of 2025? Of course not. But they still put out the list.

We don't, by the way, no disrespect. We just don't see how anybody can tell you where things are going to be at the end of 2025. Imposcibly, there's too many variables, and you have a numbskull at the Fed. And I mean that. I cannot believe, as he was watching the 10-year yield spike up every time, he lowered rates, he lowered rates again. And now he's underneath the 10-year yield. And I don't know if you understand what that means,

but the market always gets P-Oed when the most important money man on earth is back to missing the mark. And I don't know whether the 10-year yield is going up because of a bout of inflation coming on or finally the market's P-Oed at the massive debt and deficit which by the way is running $300 billion a month by this misery that's on vacation again. I think he's on some island now.

Have a nice life. While another illegal burns a woman alive on a subway that was deported and got back in. Yeah. Yeah. Yeah. So be careful of those lists, they don't know. Be careful of the targets, they don't know. If the market wants to drop 25% in the year 2025, they don't know.

If it wants to go up 25%, they don't know. If the worst becomes the best, they don't know. if the best becomes the worst, they don't know. We'll stay in touch daily. That's how we'll know. You have a great weekend. Drive carefully. We'll have a four-day week next week.

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. And serenity now. Peace out all.

Bye-bye. An 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, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion,

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