Investor's Edge with Gary Kaltbaum - Happy new year...we think! [01.02.2024]

Episode Date: January 2, 2024

https://garykaltbaum.com/...

Transcript
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Starting point is 00:00:00 At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at cvs.com or just come by our 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 Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum,
Starting point is 00:00:49 your host. A thanks of being with us today. Glad you here, ladies and gentlemen, happy that you're listening and happy new year to each and every one of you. May 2024 be a very big year. for you and yours. We will do in 2024 what we always do, logically tell you about what's going on in the world and how it affects you and the markets and the economy and jobs and unemployment and taxes and deficits and spending and shams, scams, corruption, meaning Washington, D.C., and everything else. We will guide you through the markets, just like we did it again. in the last two weeks, we'll get to that in a minute. Keep you in line or one step ahead of what is what isn't and everything else under the sun.
Starting point is 00:01:46 So, thank you. I want to start out. Joseph Croker, 96 years old. One week short of his birthday passed away. Joseph has been listening to the show, who passed it on to his son, Chris. and we just want to, in honor of Joseph, this whole week, may he rest in peace, a life well lived, almost 96. My father's night.
Starting point is 00:02:23 Let's see, my father is now 92. Mom is 90. Amazing. Anyway, thanks for the email, Chris. We just wanted to start with that. Okay. The markets. It's what we do.
Starting point is 00:02:46 do. It's what we harp on. It's what we try to keep you in sync with. That's what we do. It's as simple as that. And whenever we say the words, things are changing, whenever we say something's up, whenever we use the words like change of complexion, we want you to know. When whatever we say, say avoid, we want you to know. When if we say bottoming or topping, we want you to know. As we always tell you, we never know how long a move lasts. We never know how far a move goes. We really don't. We don't know where the market's going to be at the end of 2024. We don't make predictions, though. We finally gave you one that may or may not already be. being started. And that's all we want to do. So let's go backwards, not too far,
Starting point is 00:04:04 backwards, and get you in line. July to the end of October, a brutal bare market, except for some oils and some of the mega-cap tech. The Russell 2000, was it bare market lows, not yearly lows, bare market lows, a thousand. stocks were at new yearly lows. It was a horror show for everything. 80% of the market we were telling you were in downtrends. And then the end of October came. The main reason why July through end of October was so bad because interest rates kept skyrocketing. Oil prices were up markedly along with interest rates come the dollar. At the end of October, we had this little little inkling that rates didn't want to go above 5%, but we didn't say nothing to do until
Starting point is 00:05:09 November 1st. What we had is one of these confirmation days that potentially turns the market. Potentially doesn't mean it does. We identified it for you and we said let's see where it takes us. Subsequently, the market went ape crap to the upside. We had no idea. We had no idea that would occur. The 80% of the market that was in the worst downtrends became the best stocks in the market because they were getting killed because of rates, interest rates crashed. They crashed. Went from 5% to 3.8 and change. Some of the moves stunning in less than two months, led by small and mid-caps. What didn't do as well was the mega-cap. Why? Because the mega caps, I guess, already had their way. But for the most part, a big wow. And then came a Wednesday. A Wednesday. On December 20th, out of nowhere, the market was acting terrific. And out of nowhere, two to four o'clock, the Dow dropped 500 points. The NASDAQ, the NASDAQ,
Starting point is 00:06:47 drop, let's see, from 4778 to 46, about 100 points quickly. We said to you that day, very simply, could be a shot across the bow. And all that means is something to watch. All that means is finally we saw some what we call intensive selling by the Institute And then we headed into the end of the year. And what did we do? We drifted higher. We actually some indices got a little bit above that level, the high.
Starting point is 00:07:37 But something was up because when we got to the best, we had 800 to 1,000 highs in the market. All of a sudden, we're rallying up. We only have a couple of hundred highs in the market, meaning, the herd is thinning out. Last Wednesday or Thursday, we started telling you, just letting you know, things are getting mushy. Combine that Wednesday, the 20th, and the words, just letting you know,
Starting point is 00:08:10 things are getting mushy. And then Friday, we had kind of, not the worst day. It was a little rougher day on the NASDAQ, which takes us to today we don't care why we just know what the NASDAQ dropped 245 points the NASDAQ 100 dropped 282 points
Starting point is 00:08:37 and let me just state for the record that 245 on the NASDAQ it was 320 with like 20 minutes to go the NASDAQ was down about 320 with 20 minutes to go Yeah, exactly. So they had this little bounce into the close. The other part of the equation, as we said, we don't predict. There's no way to predict, and we hate the fact that everybody predicts, but that's what they do.
Starting point is 00:09:09 But we finally said to you, if we had a prediction, it would be this, a 10 to 15% correction in NASDAQ slash technology sometime during the year. and if it leads to more, we'll adjust. Well, we've got a few so far. Nothing bad. The NASDAQ hit 15150. That's 14-765 at the close. Not even close. Is it a start?
Starting point is 00:09:45 I'm not sure. But I've already scanned. A lot of technology slash software. getting a little bit on the icky side. Now, as we said to you, we're due. We're due to correct. It would be normal to correct in the market. We went kind of redwood tree in some of the things.
Starting point is 00:10:20 So maybe this is nothing. And we're not willing to go any further except to say, we were worried about Wednesday the 20th. last week we said things are starting to get a little mushy today you got a little bit mushyer especially the NASDAQ NASDAQ 100 tech types that said they rotated the Dow was up
Starting point is 00:10:48 and by the way the Dow was down 100 with 20 minutes to go and finished up on the day that was the move into the close the Dow was up money flowed into air that have been left behind, but also some areas that kept going. Up next, them areas. And then the news, whatever else. I'm Gary. This is the one only Investor's Edge.
Starting point is 00:11:18 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 888-4-22-5-5-59,
Starting point is 00:12:23 888 422-5-5-9. That's 888-4-22-5-5-9. Investment Advisory Services offered through call-bomb capital management. Every day, the headlines shift, but the uncertainty never seems to fade. From rising geopolitical tensions to record U.S. debt and ongoing debates about inflation and money printing, Americans are watching economic forces that feel far beyond their control, and for many, that instability is showing up in return. retirement accounts, personal savings, and long-term financial plans.
Starting point is 00:12:56 More people are taking a closer look at options that don't depend on Wall Street. Physical gold and silver have been used for generations as real, tangible assets during unpredictable moments like these. They're not about replacing existing investments. They're about adding a layer of diversification that has historically helped provide balance during volatile periods. Preserve gold focuses on education, giving everyday American straightforward information about how precious metals can fit into a retirement strategy, including,
Starting point is 00:13:23 options to hold them inside an IRA. To get your free wealth protection guide, text IHeart to 50505. And with a qualified purchase, you could receive up to $15,000 in free gold or silver. Text IHeart to 50505 today. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing, careers, starting fresh, or pursuing a lifelong passion. Our programs are designed for people who never stop. You bring the fire, APU will fuel the journey.
Starting point is 00:14:03 Learn more at APU.APUS.edu. One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low... Listen. So we sat there.
Starting point is 00:14:31 Listening. That was the first time I learned that quiet can feel full. Hershey's. It's your happy place. 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.
Starting point is 00:14:51 The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. So, we forgot to mention the Sox was down 152 points. That's a big drop on the semiconductor index. That rallied up 35 points in the last 20 minutes. That was a rough day, but money flows. We're just letting you know.
Starting point is 00:15:21 Money flows. Big biotech. Drug stocks. When have we said that in a while? And we're not saying buy-cell shorter cover. We're just letting you know. If you look at something like an ABV coming up the right side, Eli Lilly may be reassert in itself.
Starting point is 00:15:43 It was already strong, but it's not done anything in a few months. Regeneron pharmaceuticals. McKesson. The managed care stocks, which have been so volatile, had a very strong day today. So medical. Something like a lab core. Medical.
Starting point is 00:16:10 Financials. They were up nicely. today. New yearly high, you're ready for this city group? I take it back. Hit 5323 in February, close at 5305. But getting close. That's what drove the Dow today. United Health was up 13 in the Dow today. Amgen, got to get the number right on Amgen. Amgen was up nine. Those two right there, 21 and them was 120 Dow points. Johnson and Johnson was up three. That looks like it's, Merck, up four, coming up the right side. Now, what do these have in common because I'm about to add?
Starting point is 00:16:57 Hershey's, I've been yelping and screaming about Hershey's for months. Brutal Bear Market. Look like it may turn the corner today. Hershey's. Post-Cereal. Huh. Post-sereal. Huh.
Starting point is 00:17:19 Hershey's. Huh. How about Pilgrim's Pride? Huh. I believe that's chicken, right? Where am I going with this? Consumer staples? Consumer staples, medical, managed care, big biotech, drugs, which is kind of staplish. What does that mean? Well, it means the market jumping on the defensive side right here as it. Vote software, tech, and the like. Big rotation. Now, is it really going to worsen? This big tech where everybody is. We'll see. I do want to make a blanket statement is technology in comparison, percentage ownership in the market, highest ever even more than 1999.
Starting point is 00:18:26 Does that mean trouble ahead? Don't know. We do know the most over-owned in history is these technology areas. So we'll be watching. But just let you know vicious, vicious rotation today. Vicious. And I would say a lot of technology topping, topped, top E. Apple.
Starting point is 00:18:54 Yes, Apple. And we don't care. It got downgraded today. It doesn't matter to us. Why? Apple finished below the 50-day moving average, finished below the November low, on volume. That's not good news. And some other big names got hit today.
Starting point is 00:19:20 So stay too. Change a complexion. From mushy to a little more mushy. That's as far as we'll go this second. And a good save at the close today. The NASDAQ was 325 with 20 minutes to go. Still down 245 NASDAQ 100, 281. And by the way, transports 124.
Starting point is 00:19:45 Advance the client's not so bad. New high is another contraction. But we're just letting you know money flows. We don't know how long it's going to last. Money flows into drugs, food, tobacco, household products, medicals of different stripes. The big banks had a good day to day. So they're just continuing to flow. My growth screen, my tech screen is beat red.
Starting point is 00:20:22 And there's your story. Those who've been asking about gold, it's been teasing and still hasn't had that big breakout. And the gold stocks continue to woefully underperform the metal. Don't know what that means. Oil was up $1.60 early. Oil prices finished down on the day. but oil stocks were mixed. There was some green, some red,
Starting point is 00:20:51 and I think that covers it. Market went more defensive today. And I can promise you this. We're going to be watching tech and the semiconductors like a hawk because Muir and Portante. And of course, secondly, the financials and had another good close of the day, and they were on them at the close today.
Starting point is 00:21:16 Yields today were up market. The 10-year yield, 0.8 to 3.946, don't want to see too much of that. And the dollar was stronger today. If yields in the dollar really get going to the upside, not so sure how well the market's going to do. The direct correlation would be as they go up, market goes down. As they go down, market goes up until that correlation changes. And that's the story. If you're loaded with tech, you had a not great day.
Starting point is 00:21:51 if you're loaded with Big Banks, you had a decent day. By the way, NVIDIA was named Best Idea for the year. Uber Top Pick this year. I'm not going to name the companies. And we've been talking NVIDIA a lot, finished down 14 today, was down at 1.20.
Starting point is 00:22:16 Just cannot get over that 500, 505 area. And speaking of Uber, somebody's best, whatever, was down 5% today, breaking support. Rough day today. Best way I can tell you for growth, tech, semiconductors, and all that stuff.
Starting point is 00:22:40 And that's the story of today. With the Dow up 25. And by the way, with the Dow up 25, I can just start telling you about a ton of names that were down 5, 10, 15, and 20. It just tells you a couple of names
Starting point is 00:22:57 in the Dow did the trick. Which is okay. You don't want to see too much of that. I can promise you that. Booking Holdings 66. Mercado Libre 42. Chipotle, 42. ASML Holdings, 40. Ooh, I didn't realize Lamb Research was down 33. Fair Isaac, 32. HubSpot 32. Holy crap.
Starting point is 00:23:24 Monolithic Power, 26. MongoDB. 25. Intuit 22. KLA 10 Corps. 21. Yikes. I didn't even realize that. What's going on in the world? This is the one only investor's edge. Every day the headlines shift, but the uncertainty never seems to fade. From rising geopolitical tensions to record U.S. debt and ongoing debates about inflation and money printing, Americans are watching economic forces that feel far beyond their control, and for many, that instability is showing up in retirement accounts, personal savings, and long-term financial plans.
Starting point is 00:24:03 More people are taking a closer look at options that don't depend on Wall Street. Physical gold and silver have been used for generations as real tangible assets during unpredictable moments like these. They're not about replacing existing investments, they're about adding a layer of diversification that has historically helped provide balance during volatile periods. Preserve gold focuses on education, giving everyday American straightforward information about how precious metals can fit into a retirement strategy, including options to hold them inside an IRA. To get your free wealth protection guide, text iHeart 2-505505. And with a qualified purchase, you could receive up to $15,000 in free gold or silver. Text iHeart to 50505 today. Success starts with your drive, and American Public University is here to fuel it.
Starting point is 00:24:51 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, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU. APUS.edu. One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch
Starting point is 00:25:21 with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low... Listen. So we sat there. listening. That was the first time I learned that quiet
Starting point is 00:25:41 can feel full. Hershey's. It's your happy place. 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.
Starting point is 00:25:57 He's a Cinderella boy. With Gary Coltbaum. It comes highly recommended. You're going to feel better if you talk to him. All right. Let me repeat two things. We have no idea what's going to happen this year in the market. What we do know is every person that comes on the tube is saying, going to have a good year.
Starting point is 00:26:25 They weren't saying that during the summer. Price moves people. We'll let the market dictate policy. Number two, watch yields. You know, we're hearing now. What are we hearing now? Oh, inflation's everything's good. And the Fed has engineered.
Starting point is 00:26:46 The Fed has engineered. engineer at a soft landing. Yeah, sure, right. Remember, we're the economy. He's nothing. Just because inflation, the rate of inflation is down, prices are still up. That's number one. Number two, they weren't saying that six months ago. They were praying for it. We'll let trend dictate policy. what we have to watch for is the trend changing in technology. I can tell you in the last couple of weeks, definitely some names lost their trend. A bunch more today.
Starting point is 00:27:36 What we mean by that, and let me explain simplistically, the stair steps going up, up to back one, up to back one. And then all of a sudden, up one back two and then up one back two
Starting point is 00:27:54 that's what we mean there are not a ton of names in the last couple of weeks you had more today at the very least we'll call it topped out for now topped out for now and of course in three weeks
Starting point is 00:28:13 massive amounts of earnings which can change the playing field something that looks crappy now can gap up something that looks great now can gap down. Stay tuned. We will keep you informed, we promise you. In the news, hey, the New York Times wrote an article that debt is important. No, I'm not making this up. The New York Times has watched debt go from hardly anything to $34 trillion with a $2 trillion yearly deficit. the New York Times now.
Starting point is 00:28:57 And by the way, the title of their article, I'm not making this up. The debt matters again. Less sustainable. We're covering the challenge of federal deficits. You know what I have to say to them, writing article? Up yours. Where do you have you been? And by the way, it's been done on purpose by the presidents and the politicians.
Starting point is 00:29:26 with Joe Biden being the worst ever by far. And they had this Jared Bernstein on the Sunday shows being interviewed, Economic Advisor, the head guy. Said right into the camera, Joe Biden has lowered the deficit by so-and-so amount. And I'm just waiting for the interview to say, what in blue hell are you talking about? Nope, just let it pass. we could never have these people on the show for an interview.
Starting point is 00:30:05 They would F-bomb me within 30 seconds. Oh, Joe Biden cut the deficit. He did what? How did he cut the deficit if this year's deficit is $2 trillion this year on Joe Biden's spending? Well, no, no, no, no, don't give me the double talk. How do you actually have the nerve to see? Nobody asks them that. So we deal with it.
Starting point is 00:30:29 In the news, my fantasy football team. Last place this year. God, I suck. Last place. And what's funny is it didn't have to be. You know, we put out a team each week, and I change my mind four times during the year, and all four times I would have won if I didn't change my mind on who to play.
Starting point is 00:30:55 But I couldn't win the championship, so it doesn't matter. Just letting you know my fantasy football team, whatever. What else? Well, as you know, we're Mr. Logic here, and we believe that Epstein guy was murdered. It's simple. We know he was. Oh, wait a minute. It's Epstein, important guy. Oh, the cameras were out and the guards weren't there. Oh, and we're supposed to believe that.
Starting point is 00:31:25 And you see how the media has not really ducked it? The most famous coroner says, oh, he was murdered. Notice how they completely have ducked it? We're finding out why. We're now finding out that Bill Clinton was on his airplane 50 times. 50 times. Oh, by the way, a private jet. So his wife talking climate could go kiss mine also.
Starting point is 00:31:49 Anyway, Bill Clinton 50 times with this guy. But nothing to see here. Nothing. Oh, and by the way, Trump's on the list. Bill Gates is on the list a bunch of times. But nothing to see here. Nothing. The dude was murdered.
Starting point is 00:32:07 That's all. It's a gimmy. We were conned. They're not conning and scamming me. You know why? I missed the logic. Next, in the news, it's now almost three months since the terror attack in Israel. Yet these dirtbags are still protesting. And of course, as we have told you, they're not protesting for Palestine.
Starting point is 00:32:28 They're protesting because they hate Jews. They're not protesting for Syria, murdering, hundreds of thousands, China, kidnapping, Nigeria, just as killing a bunch of Christians there. There's no protest for that. Oh, wait a minute. Venezuela's destroyed their country. Oh, don't worry about that. We don't need to protest that.
Starting point is 00:32:49 Oh, North Korea is threatening to blow up the world and murdering their own people. No protest there. Oh, Haiti is being run by armed gangs. No protest there. Cuba is still under, I think people are still driving cars from the 50s. No protest there. Oh, but a bunch of Israelis. are murdered, oh, let's protest
Starting point is 00:33:11 Israelis. So they can all screw themselves, and as we have told you, it's tick-tac-toe. I would never debate any one of them because tick-tac-toe, it's the game you cannot win, so you never play it. And that's what you're dealing with here. And of course, which takes us
Starting point is 00:33:27 into these teachers and presidents of these colleges, we now know how these idiots are being conned into believing what's going on over there. It's because a bunch of maniacs are running these institutions. The Harvard president finally resigned, which means she was fired.
Starting point is 00:33:49 But we have found out not as she a raging anti-Semite, anti-Jew hater. She's also a professional plagiarist caught big time. They knew about it advance and never did anything. In fact, they hired her knowing it. And guess what they're doing with her? Letting her stay at Harvard as faculty. Getting me missed a logic to think, wait a minute, what do you tell your students that in your faculty is a professional plagiarist?
Starting point is 00:34:28 You know, I gather Harvard has these handbooks for students that if they plagiarize, they're expelled. Oh, but not if you're a teacher or the ex-president. It's insane asylum. And I've just been thinking to myself, and I wasted my college, I freely admit it, if I had to do it all over again. But if I was a real great student, I was thinking about what colleges to go to, I wouldn't even interview with Harvard. Harvard is this number one brand name in colleges. They now suck. And it's self-inflicted.
Starting point is 00:35:15 Why would any Jewish young man or woman ever even think about going there? Why would any Jewish young man or women that are there right now want to stay? And how many students have been kicked out because they plagiarized in the last couple of years? Well, this woman is now going to stay on his faculty. It goes hand in hand. You know, it goes hand in hand with. Somebody who shoplifts 30 times and never has to pay bail and does it a 31st. Anyway, I'm just logical.
Starting point is 00:35:50 I don't understand what's going on out there except to say, hopefully one day somebody's going to hold them accountable. And I got to tell you, if I was the President of the United States, Harvard ain't getting another dime federally. Not another dime until they shape up. Unbelievable. By the way, you should read about this stuff. It's not just Harvard, you know that, right?
Starting point is 00:36:18 Up next. What else? We'll segue. This is the one on the investors' edge. The world isn't getting any calmer. Economic instability, global conflicts, and record national debt have created an environment where financial uncertainty is a part of everyday life. And while none of us can control those forces, we can control how prepared we are for them. Market swings are hitting retirement accounts and savings harder than ever,
Starting point is 00:37:07 leaving many Americans wondering how to protect what they've built. That's why people are exploring physical gold and silver as a part of a broader strategy. These are tangible assets with a long history of being used when confidence in traditional markets waivers. They're not a promise of returns and they're not a replacement for existing investments. They're simply another tool to help diversify our portfolio. Preserve gold provides clear educational guidance to help you understand how precious metals can play a role in long-term planning, including options for holding them in an IRA. For your free wealth protection guide, text IHeart to 50505. And with a qualified purchase, you could receive up to $15,000,000.
Starting point is 00:37:45 in free gold or silver, simply text iHeart to 50505. 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, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU. APUS.edu. One sweet, melty bite of a Hershey's bar,
Starting point is 00:38:23 and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low, listen. So we sat there, listening. That was the first time I learned that quiet,
Starting point is 00:38:46 can feel full. Hershey's. It's your happy place. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action!
Starting point is 00:39:04 And welcome once again to Investor's Edge. All right, it's 24. What am I most worried about? What am I most positive about? Which one do you want to start with? Let's go with the negative. We'll finish with the positive. What's my negative?
Starting point is 00:39:45 I think the people who are running the country are absolutely the worst. I think the last few administrations are absolutely the worst in different ways. First off, the guy who's running the show, policies are just a nightmare. The media enabling the fact $2 trillion deficit, and it's not even being yelled at, screamed at. What the hell are you doing? And of course that all goes to GDP makes him look better. And of course he's siphoning off money to Friends Romans countrymen. They gave $380 billion to a Democratic hack.
Starting point is 00:40:27 John Podesta did a dole out for climate. God only knows where that crap's going. He's horrible on foreign policy. I really do believe countries are taking advantage of his. I don't know what attitude it is. All I know is he just was on vacation, took a, took a, took a, day for work and then went back on vacation. Do you even see him often? The border. I can only compare. When Trump was president, the media skewered him, gave him a colonoscopy every day. Remember the kids in
Starting point is 00:41:05 cages? Do you know, kids have died. Not just in cages, kids have died under Joe Biden trying to cross. Oh, the kids have died in the back of trucks that have had no air. Oh, you didn't hear that? Oh, that's right. And of course, the numbers on the border are just obscene to where Democratic mayors are pissed off at the president for doing nothing to help. And I've always said to myself, surely they can't want this, right? I'm just wondering if they're just that sick in the brain that they would want, no borders. The debt and the deficits, the borders, there's a lot to worry about. And I don't care what the market does. The debt's still going up. The borders are still bad. Just remember,
Starting point is 00:42:11 there's a word called termites. Everything's all well and good as the termites chip away, and then all of a sudden, and I'm not making things up. These are facts. It's not opinion. There's video. There's numbers. There's statistics. It's all there. Plain. And the worry is, is there going to be a comeuppance? Is there going to be a day? Is there going to be a trigger? Boom. I hope not. What am I most positive on? Well, I used to say, most all of us, I'm going to say less most all of us because of what's going on with the streets, with these racist sickos. But really, if you think about it, even with these protests and they're blocking airports, and the police not doing enough of a job because the government's not helping out.
Starting point is 00:43:11 You should arrest every one of these people blocking airports and indict them with felonies. Who the hell knows what's going on? I'm most positive on most of us. we're going to work. We're working hard. A lot of colleges have, in order to get in, you need great scores. In Florida here, try getting into University of Florida without a 4.0 FSU. Try getting in.
Starting point is 00:43:38 It's tougher and tougher. God only knows what they're being taught, though. I think technological and medical advancements are going to continue to skyrocket and get better and better. And I think most of us are just good. that just wake up every day, just want to do well for ourselves and our families and move up? I really believe that.
Starting point is 00:44:08 And I really do believe it's that small percentage that gets the headlines and the videos. Because it sells. I think our companies, I think they're all trying to do better and better. And we know there's been some issues with some, but I don't think any of them have
Starting point is 00:44:32 bad things in mind. And let's just hope we, the people, where do we hear that before, can overtake them the control freaks that think they're better than us, smarten us. And without them, we are not going to make it. And there's got to be a point in time where we finally just had enough. How about some legislation? You want to run $2 trillion deficit? You're impeached.
Starting point is 00:45:06 You're out. You want to do illegal insider trading, at least it's illegal for us but not for you. You're out. How about term limits? You've been a miserable failure. You're out. How about these logical ideas? And do you know why they don't get done?
Starting point is 00:45:29 Because the people who get to vote on them are the corrupt. So there's a little bit of the worries. There's 350 million of us. There's how many of them? 535 plus an administration, a few others, we should be able to overtake them. And I'm not talking insurrection. I'm talking about really moving some needles. I don't know how we get there, but I hope we do.
Starting point is 00:45:58 Because the trajectory we are on of debt deficits in utter corruption and stupidity is beyond the beyond. And I don't think whatever party you are in can disagree with the word I just said. numbers video facts and lastly maybe one day the media comes out of their corrupt land
Starting point is 00:46:24 and starts reporting the news and stop and stop making it up to suit their needs and that's how we enter the new year crappy NASDAQ hopefully it doesn't last long but I think
Starting point is 00:46:42 may have a little mo-mo that way. You have a great evening, drive carefully. When you get home, do like we do. It's quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise. Have a great one, everybody. Thanks for joining. Happy New Year. Peace out all. Bye-bye. 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 draw. and American Public University is here to fuel it.
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