Investor's Edge with Gary Kaltbaum - Happy holidays! [12.23.2024]

Episode Date: December 23, 2024

https://garykaltbaum.com/

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 your 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 Colbom,

your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Monday? Yeah, December 23rd, 2024. Hope you are having a good day. weekend. I did not. Because my New York Giants stink. And it's very depressing to watch, especially when I'm a crazed New York Giants fan. Okay, we move on. The Cowboys lost. So that's good, too. This is a serious talk about everything that affects you. And what's interesting about this show is how we have, through the years, added and subtracted, added in government and politics and decision-making to these shows because of their constant interference, doofusness,

and everything, corruptiveness, or corruption, everything else under the sun, and we'll continue with that route today, even into the holidays. First off, let me state, Merry Christmas, Happy Hanukkah. I don't, Kwanza, whatever you celebrate, we wish you the best of holiday seasons. Tomorrow will be the best of Gary, and obviously so will be Wednesday. The markets tomorrow close at one. I still have no understanding of why they even have half days in the market.

Talk about dupusiness. Welcome to Wall Street. And again, this is a show about everything that affects you. We will do the markets, the economy, your job, your industry, the debt and the deficits, the decision-making out of D.C., which, for lack of a better word, is a farce and much, much more. If you do not get this radio show in your city, we will post it at garyk.com. We'll also post it on our Twitter feed, which is now X. And if you don't follow us on X, you should. We'll also post it on the podcast apps, whatever they are, a bunch of them.

And if you'd like to email me, all you got to do is be nice. It's simplistic as that. Markets today, I can tell you what I like about markets is when they're down early and finish up. The Dow is down 300 early. As I speak, the Dow's up 75. the NASDAQ, NASDAQ 100, it's been pretty good all day on the back of, guess what? The Biggs?

Because as I speak, the NASDAQ's up 180, advanced declines are 17 up 22 down. And the Russell 2000's down. The Russell 2000 growth is down. Midcaps are hardly up. So it's more the same, just very, very narrow. and I'm always asked about holiday trading. I think everything counts.

What I also like today is financials are very weak early. They're strengthening throughout the day, though they got blasted here recently. Leadership, there's not a ton of, and we'll get to that in a moment because what we do in the show right now, because we have to, is what... Because there's plenty of that to avoid. but I got to get to some news. For starters, this weekend I was up in New York visiting my father. My usual fly up on Delta, usually fly back on Delta,

but this time fly back in United. Delta is much better than United these days. Both got me to where I wanted to go safe, but something better about Delta right now than United. Just letting United know. I need to do better on the messaging when you're late. Just needs a little bit of work. They're pretty good, though.

I noticed as I was sitting with my father, and what I do is I bought these two lounge chairs and their massage chairs with heat and everything. My father loves me for getting them. And we sit there and we watch TV, and my father loves politics, so we watch that. Of course, we turned on the giants and threw up after about 15 minutes. I'll tell you what I noticed.

All of a sudden, all these Republicans care about the debt and the deficits. All these Republicans that signed off on a ton of debt and deficits through the years, they really care now. Why is that? Oh, that's right, because you have a new administration coming in that has Elon Musk and Vivek Ramaswamy with the Doge, and they're going to go after. don't know if they're going to be successful or not, but all of a sudden Republicans have seen God when it comes to debt and deficits. I noticed that. That was quite interesting. The next thing is, anybody here at Kay Granger? Because I didn't. I don't know she is. It turns out she's in the House of Representatives in Texas. She's been gone for six months.

She's been assisted living and hasn't voted. And nobody knew. And she got paid. Well, people in Congress snoo. You think we need term limits? I mean, what the hell? A congresswoman has been an assisted living, and I don't know how bad off she is or not, and they put out a note, but she hasn't been in Washington, hasn't voted. I hope her health is good. We don't want anybody with bad health, but we are, you know, calling them on the carpet for, what the hell? We need term limits. I've been calling for that for ever. I've been calling for that for ever. But guess who votes on term limits? Oh, the same people that don't want term limits. And lastly, the nightmare on Pennsylvania Avenue has struck again. You know, we, all we ask of our

leaders is something called logic. We don't need much more than that, but just from our leaders give us logic. Joe Biden has commuted every person that has had the death penalty on him except the three. I believe the Boston bomber, he did not commute. Hey, gee, thanks. When you have a chance, go on Twitter, which is now X, and you know, Senator John Kennedy, go to his. Twitter feed and he went through the a list of people that

Biden took off of the death march they're going to spend the rest of their lives no bail in jail but imagine if these were all murderers heinous murderers murdered people in the most

vicious vile ways more than one on most of them and he commuted it I have to tell you, I'm always careful with my words. This is the worst president we have ever had in history. And we have had a lot of bad ones. And you may say, come on, Gary, everything I do is based on what does the president do to set us up for the future? Well, he's now running $300 billion monthly deficits, $624 billion in the first two months of this fiscal year.

run rate of 3.7 trillion while he lies and says he's cut the deficits. He's led in millions on purpose of people through the border illegally. And did you see the one who lit a woman on fire and she's dead on the subway in New York City, an illegal that was deported and let back in? The border. Afghanistan. Afghanistan. The women are back in the dark ages. The world exploding under his watch while he sits on the beach.

Inflation skyrocketing, but more importantly than all. You put it all together. The nightmare on Pennsylvania Avenue, I can't wait until he's gone. And I'm saying that knowing there is a big unknown on what Trump's going to do, though he's promising a lot. Imagine if you're a relative or a husband or a wife or a son or a daughter of these murderers that were on death row and now got rewarded. This was a reward.

And Joe Biden put out some note on, oh, he in good conscience and he had to think about it. He's a, I'm not going to use that word. I was going to say psycho. He's just a nightmare, a nightmare, to reward the most heinous, slimy, sleazy, scummy, murdering pieces of crap.

Not to mention his son with the pardon and other pardons that he's done on some weirdos. I can't wait to this guy's out of here. But he left the Boston bomber alone. Up next, the markets. I'm Gary. This is the one on the 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,

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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 the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvind, 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.

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. We are happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology. It's 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. 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. 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. On Deck is built to back small businesses like yours.

Whether you're buying equipment, expanding your team, or bridging cash flow gaps, On Deck's 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, On-Dec, delivers funding you can count on. Apply in minutes at on-dac.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 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. So the nightmare on Pennsylvania Avenue will be gone in just weeks and boy oh boy does he want to do as much

damage as possible. He did another round of what student loan forgiveness. God only knows what he's going to do in the next three weeks. There was a whole big expose that came out that his own people knew and they hit him and this that and the other

thing for years because of his age and whatever else. I don't even give a crap about that. That doesn't even phase me. It's outcomes that phase me. We're now running $300 billion monthly deficits. He's letting people off the death row. He's rewarding them.

Hey. Oh, you murdered that whole family? You're on death row? No more. All right, we're going to move on. The nightmare on Pennsylvania Avenue will be gone. the way, along these lines, Roe-Connor, a Democrat, also called for term limits today. I'm not so sure I believe him, but he said it, so that's good. But nothing's going to get done. And lastly,

let me just say, something came out on this Gates guy, who, you know, he was at Pensacola, Florida, and he stepped down. He was nominated to be Attorney General. May I just ask the question, and we'll finish on this? What the hell was Trump thinking, making him the number one lawyer in this country. Have you read the ethics complaint on this guy? I wouldn't let this guy near my goddaughters, this guy Gates. You're going to make him attorney general? I wouldn't make him dog catcher.

I don't know what. You know, I am wishing President Donald Trump the greatest of success. I'm hoping the advisors around him, have him do. a little of, let me use the right words. Introspection before making decisions. And if anybody advised them to choose Gates as the Attorney General, they should be fired by now. Again, I say it in a nutshell. I said the same thing about Clinton.

I wouldn't let Bill Clinton near my goddaughters. Now we move on. Okay. Boy, we covered a bunch early, huh? and a lot of negative. I've got to get on the positive side, right? Okay. We're going to stick with the negative first as we head into the holiday season.

I am just letting you know, notwithstanding bounces because you get bounces. And what I mean by that is let's just pick any stock. ABC stock goes from 100 down to 82, down 18%. rallies up to 86, still down 14%, but remains in a downtrend. Or that ABC goes from 100 down to 95, rallies to 97, then goes to 92, rallies to 94, then goes to 87, rallies to 90, and then goes to 82, rallies to 85. Those are just bounces in downtrends. We always want to avoid those areas, those stocks, those countries, those commodities, those names, those sectors.

And if we can do that first and foremost, we are very much way ahead of the game. and in recent weeks and months in some cases, we have had a litany, notice the big word, of names and areas to avoid because they were in what we would call definable downtrends of differing levels and differing viciousness. I'm going to repeat them. for you. But just remember, I always say, if things change, I'll let you know. For instance,

Boeing right now may have changed its complexion because of what it's doing now. It's no bull market, but it looks like it may be trying to come out of the bear. We'll see. Oils, notwithstanding bounces, have just been trashed. And boy, they're due to bounce. commodities and I'm talking about steel which is imploded copper aluminum things like Freeport

MacMaran copper and gold Rio Tinto coal gold miners they're all in a bearish phase and they're to be avoided and again they can bounce

at any time anytime they can bounce consumer staples not every single one but most Pepsi Coke Hershey's Colgate General Mills the drug stocks

most of them Johnson and Johnson Merck in the Dow both of those Ab V Eli Lilly Novartis I can go on and on.

There's some outliers, I do believe Bristol Myers acts pretty decent. But on the whole, the drug stocks, the hospitals, waste management, the garbage people. These are downtrends avoids. Transports, rails and truckers should be avoided. notwithstanding bounces that could happen at any time. And again, 100 down to 82 can rally up to 89 and still be in downtrends. A lot of the economically sensitive names, we're talking building slash construction. We have noticed things like W.W. Granger, United Rentals, Caterpillar, Flosur, Flosur,

Eton, the cement stocks, Parker Hannafin just have topped out recently with some getting hit pretty darn hard. You know my second favorite economically sensitive name is United Rentals. Why? Because they have these equipment rentals through all these locations in Canada, Europe, and the U.S., And it really defines the economy. Up next, we'll give you an idea. This is the one-only investor's edge. Hello, hello.

I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbeta. 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, or 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. 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 stomach egg 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. It's 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.

You'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. So. You know, I only got to see Boston once. I should have seen them multiple times. I'm pretty much done with all my favorite groups. They're not playing anymore, but I will go see the Eagles in the Sveer in Vegas before they're done. And I've seen them plenty, but they're not really the Eagles anymore. Glenn Fry passed.

They kicked a couple others out. But Deacon Frye is son's terrific, and Vince Gill took over all. so. So they're still pretty darn good. But man, oh man. Genesis done. Done. Yes is broken up in there eight different parts. Done. Steely Dan, one of the great men passed away, though they still tour. Billy Joel, I've seen, what, 17, 18 times I'm good. Springsteen, I just saw him a year ago and he He was magnificent. Saw the stones front row in Jacksonville. I don't know about five years ago.

That was good enough. Not the Stones, the Who. And I just saw the stones in the Hyde Park in London. Mick Jagger, man. Dude's in shape. I think he's like 80. All right, back on point. So let me just tell you what United Rentals do

and why I follow them so closely. You ready? Cisor lifts. You know what they are? Go look up Cisdivis. laser lifts, boom lifts, warehouse fork lifts, mini-escavators, air compressors, portable generators, back-hole loaders, towable light towers, carts and UTVs, concrete masonry, earth-moving equipment, forklifts, h-fact ladders, H-Vs, I can go on and on.

They rent everything. They are the economy. Stocks gone from 900 to 719 the last few weeks. And they asked, so what are you worried about in the economy? Well, United Rentals just went from 900 to 719. Well, why would that worry? Markets sometimes is great on telegraphing things. But I digress.

So United Rentals can rally up. Maybe it even rallies up 5%, which would be 40 bucks, let's say. 36, 37 bucks. It's still in a downtrend. And my job is to define what's in downtrends, what's in uptrends. And all we can tell you, all these areas we've mentioned are in stiff downtrends, and we're not done. Defense stocks. And we can go, oh, it's because of, you know, we can always do, it's because of, but they all matters.

Because what's happened is you have a new administration coming in. They're looking over that the Pentagon can't account for like a. trillion bucks and guess what they got going on this doge and they're going to look at how much is spent and how much they're getting the government contractors stocks have been crushed and it matters a bunch of leading names recently kava the restaurant topped out syntax the uniform company topped out t-mobile topped out these were kind of strong we pay attention to that we already know about the solars have been a bare market forever china which had an updated today, the gold miners is mentioned.

Restaurants are really starting to act poorly. There's a couple of the strong, but man, oh, Brinker International, strong is all heck. But they smoked Starbucks, just busted it down, sweet green, Texas Roadhouse, Wings Stop. They're blasting them. Insurance stocks just topped out. Not so bad, though. Wouldn't call deep drops except for a couple of names. But if they've topped out, they've topped out.

And then there's the managed care. You know what happened with United Health and Humana and Cigna and Elevents. That's just another group. And then there's the retail. By the way, Nordstrom's is going private. J.W.N. Believe it not, a family is buying up the company. The stock was still down 36 cents today.

And as I speak, I'm taking it off my screen. Bye-bye, JWN. So retail very much a mixed bag because I can tell you, they've crushed this stock, they've crushed that stock, they've crushed this one, but Decker's is strong. Costco, well, bounced off the 50-day move in average today. Target is weak. Walmart's been strong, but may have topped out for the near term today. So we're just letting you know, we're on watch because it's narrower. And let me state for the record again today, the NASDAQ finished up 192, and the NASDAQ 100 up 214.

Advanced declines were 19 up 22 down. On a day like that, it should be 35 up 5 down. It's because the money is flowing into, get this, there's 10 stocks that make up 56% approximately of the NASDAQ 100. And in the S&P, 8 stocks make up almost 36% of the S&P 500. And on the NASDAQ today, you're ready for? for this, 147 new lows. With the NASDAQ strong today.

You want to hear how many new highs on the NASDAQ today? With 147 new lows? Let's see, NASDAQ, new highs. Palantir, Apple, Rumble because they got a big money given to them. Ply a hotel, something going on with the Hyatt. I don't think it's a merger, but an investment.

I'm looking. I'm looking. Here's one. New yearly high. I'm not going to mention the name. Quantum computing, no sales. Went up 78% today to $4.90. That's a new high.

Here's a $2 stock at New High. Batteries. Catching the drift. Here's another new high at $10. No sales. Drones. Here's a no sales biotech. Up two and a half.

today, 11 bucks. So what do I say? Palantir, Apple, and Rumble. Do I have any other new highs in the market on the NASDAQ today that was up 190? I'm looking. Can't find anything else. That's it. What does that tell you?

It's a very narrow, select names that have major influence over the indices. doing a job that can't last. It never has. By the way, we own Apple. Full disclosure since we're bringing that up. What we want to see is on a day where the NASDAQ's up 192, 292, 29 up, 8 down. Or the NASDAQ tomorrow be down 50, but advanced declines, 23 to 12. we want good participation, broad participation, because what always ends up happening, and I mean always, if nothing changes, because things can change, the broad market can pick up,

but if nothing changes and it gets narrower by the day, and the broad market worsens, we're not saying it's going to, we're saying if, they eventually usually get anything stands. But the good news today is the Dow was down 300 and finished up 66. That's good news. And the good news is the S&P finished up 43, the NASDAQ 192, NASDAQ 102, NASDAQ 100, 214. Transport's finished up after being down.

The semiconductors, the socks up 153, finally a good day. And we'll be watching that. And in the semis, Nvidia may be finally starting to close. curl up, though it's done nothing for six months. But Broadcom up 11 today after getting dumped on Friday and still in pretty good shape. By the way, Taiwan semi, I'd put that on your list, symbol TSM, looks like it wants to break out as we head into the holidays. But then I scan the other 75 semiconductor stocks. They all look like the New York Giants offense, bare market. And if anything's in the bare market, it's the New York Giants offense. Boy, it's so depressing. Especially

watching with my father, who's a major New York Giants fan. By the way, my greatest days right now are just sitting next to my father, watching football. Up next. This, that, and the other thing. I'm Gary. 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, J. Gambetta, 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? 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 stomachache every time that I eat and it just becomes like a lifestyle where, oh yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change.

Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. Cash flow crunch. OnDex'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 OnDEC or Celtic Bank.

On deck does not lend in North Dakota, all loans an amount subject to lender approval. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Investors Edge with Gary Culper. And welcome once again to Investors Edge. By the way, let me state for the record, if I hear one more person talk about global warming, I'm going to vomit.

I was up in New York this weekend. It was 18 degrees without the wind chill. It was 18 degrees without the wind chill. I was walking and I had three layers on. My ears were covered, but my face wasn't, and I swore I was having icicles coming down my face. Global warming. Stick it.

Just remember, it's all a scam. It's all about dollars. They tried global cooling and it got warm, so they changed it to global warming, and then it got cool. I don't know if you know when they went to global warming. There was like a year or two

where there was like freezes around the globe. So they had to come up. They met in a boardroom and they hired an advertising a market agency. Okay, look, we can't do global cooling. We can't do global warming.

How can we con everybody? Oh, let's call climate change. So if it's too hot, hey, it's climate change. If it's too cold, it's climate change. You know what? No media person has asked John Kerry or Al Gore how do we control hurricanes?

How do we stop them? How do we stop cold weather? How do we stop hot weather? And by the way, Al Gore, what are you worth now? A quarter billion dollars? How do you make all that? John Kerry, you're flying private jets, but you're preaching to everybody to conserve. Can you explain yourself?

They couldn't last three minutes in an interview with me. Just remember, it's all about the money. You wouldn't believe how many people have started up green companies and then got not loans, but grants from Washington, D.C. that never have to get paid back. Eh, here's 25 million bucks. Nobody's going to care. I'll take two and a half million salary and spend 23 million on crap. Just remember all that. I'm a bigger environmentalist than all of them.

Yeah, let's fight pollution. Let's make sure there's no pollution. Let's do everything we can. To have clean air, clean of water, get the plastics out of water. I saw there's some companies that started, two men years ago started a company to get plastics out of the war. And they've done a magnificent job. they need Kerry or Al Gore or any of these other

bums making themselves rich it's tiresome the only person that can affect the weather is Superman and he's not real and I read the other day that they're trying to do something with the atmosphere do you want anybody

screwing around with the atmosphere is that what we want by the way their global cooling was based on the pollution blocking the sun. Oh, and last I looked, the ice is coming back in big ways in many areas, just letting you know. But back on point, it was 18 degrees without the wind this weekend in New York City, and I don't want to hear anybody talk about global warming. Yeah, but it's climate change. Just remember,

the greatest con artist will lie the biggest. You got that? And become the richest, and give you the middle finger while they're doing it. John Kerry was asked, by one person finally you're flying private jets i'm working for the people he said really you can't get on first class british airway to london you got to have a private jet which by the way one lap of a private jet going from across the country united states that's like my whole life in my car that's how bad that is and i'm not kidding when i say that there are disease these people It's called con artistitis. Do not forget it.

Just remember, we become the greatest, we're the biggest fricking slush fund in history. Seven trillion they're spending this year. Two trillion deficits. Handouts, giveaways to friends and relatives and votes. And now 300 billion a month debt. It's unimaginable amounts. You cannot forget it.

And I am going to hold Trump and Elon and Vivek to the carpet on their promises. By the way, they still haven't contacted me, even though I know where all the skeletons are. I mentioned it on TV today. I can knock 350 billion out before you can say boo. Hey, John Podesta, you're done. 350 billion for climate. We move on. Bitcoin.

Just letting you know, it's gone from 107,000. down to 93,000, but don't worry. There was somebody on TV today say it's going to be 200,000 this coming year. Just letting you know there is no chance of any bare market in Bitcoin because bare markets don't happen, right? Right? Just letting you know. We're going to treat it on a technical basis and we're letting you know that Bitcoin is broken the 21-day moving average on Friday. Worse than today.

I have no clue what happens tomorrow. The 50 day is a few percent lower. Micro Strategy has done a round trip. By the way, if you like playing Micro Strategy, have fun. It was $5433. Mid-November, it's $332 today. We want you to remember Micro Strategy is like a three-to-one leveraged hedge fund

that all they do is going more debt and sell more stock to buy more Bitcoin. And we are very worried about that. Some people call that a scheme. Some people call it a plan. Ponzi scheme, we're just going to tell you what they're doing. And all I can tell you if Bitcoin decides to go into a bare market, if it does, look out below. Be careful. Ladies and gentlemen, Best of Gary tomorrow, Christmas on Wednesday, Hanukkah also, you all have a great holiday.

Travel safe, drive carefully, have a great time with your family, think happy thoughts. Forget everything I told you at the beginning of the show. Have a great evening. 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. Serenity now. 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,

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