Investor's Edge with Gary Kaltbaum - Happy Thanksgiving [11.27.2024]

Episode Date: November 27, 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 store. We can't wait to meet you. Store hours vary by location. Investor's Edge with Gary Kaltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Kaltbaum. And welcome once again to Investors Edge. I'm Gary Kulp. I'm your host.

A thanks of being with us today. Glad you hear, ladies and gentlemen, happy that you are listening. It is Wednesday, November 27, 2024. Up front, straight up. Have a happy Thanksgiving. If you're traveling, travel safe, drive carefully, take your time. The airports will be busy. I'll be headed for the airport right after this radio show. Going to get there earlier than normal. Just in case, even though I have clear TSA pre and get in pretty quickly, but that's okay.

Anyway, again, big, happy Thanksgiving to you and to yours. As always, every day, serious talk about everything. that affects you, the outcome of the election, the markets, the economy, your job, your industry, the debt, the deficits, the dogey, is that what it's called? The Doge Commission, which we love so much and we hope they really get the job done. And everything else that matters to you. And if you do not get this radio show in your city, we'll post it at Gary Kaye.com. We'll also post it on our Twitter feed, which is now X.

And if you don't follow us on Twitter, which is now as. You should. And if you like to email me, all you got to do is be nice. So in no particular order today, I thought I'd start out with, believe it or not, Bitcoin. You see, it's been correcting pretty big and had a real bad day yesterday. And you know what they did overnight? Because it trades overnight. They gapped it up all of the losses from yesterday, which was a big down day.

I don't know what to tell you. As we've said to you yesterday, we don't know what happens overnight. We don't know what drives this thing or how it's driven or what drives it. There is no product. There's no sales. There is no company. There's no nothing. It's just something that moves based on what have you.

I'm being told by people that email me. Well, there's just a stable amount of Bitcoin. and with so many things proliferating like ETFs and this guy at micro strategy that's borrowing billions and buying more, it has to go higher. That's what I'm being told. Okay. All I can tell you, dang, what looked like a real start of a correction. It still hasn't hit the highs.

It's a pretty big day today. In fact, up 6% the Bitcoin itself. So good on you if you own the Bitcoin. And we repeat. We don't know what the hell it is. That's all. And we'll see where it takes us. We have taken it technically.

We told you when there was an eight-month breakout, and of course it coincided with the election. As the administration to come in is talking it up in a way where they're saying there's going to be a strategic Bitcoin Reserve, and they're going to have this, that, and the other thing. the Bitcoin capital of the world. Hey, we'll see how it plays out. All right, we're heading into the close of the market.

Not a great day today, but not so bad a day. The indices are down, but some of the boring in areas are up. What does stand out continuously, and until it changes, we'll stick by it. Just remember, we did it with oils for a very long time. and about what two weeks ago we said we're off the avoid we're not bullish but off the avoid and we'll see how it goes and even before that we named the pipelines as they were a bullish phase the semiconductors remain a horror show another bad day in semiconductor lamb and invidia is now as i speak trading at one hundred and thirty four dollars and forty five cents the 50 day

moving average is 75 cents above. So it's a little bit above was worse. You don't want to see it get worse. And the biggest problem of the AI semiconductor stocks like Broadcom. Broadcom today is breaking down out of a inverse flag, turn a flag upside down and breaking down out of that under the 50-day moving average, which means a bearish phase continues. And then the rest of the semi is just yuck. I think I have three semiconductor stocks above the 50 day now and some way, way down. Now, as we have stated to you, as we have told you, as we have gone over and over again to you for many, many years, most of the time, not 100% of the time, the semiconductors lead markets up and down. How do we know? All you got to do is go back. But right now, they're not.

In fact, the market doesn't even give a crap about the semiconductors, which topped out in July, never got back to the highs and continue to be under pressure. Down another 90 today was down at one point today, 47, 70, about 130, but bouncing a little bit. But still no great shakes and certainly nothing really viable. So just letting you know, the good news is what's working does not care. is there going to be a point where the market does care don't know we'll cross that bridge when we get there is it possible the semis will catch fire again well they're need gonna need to start better they're going to need to do better they're going to need to have a bad down day in the market and then be up they're going to need to show some leadership whatsoever and just another

rough day for them. They're just really a complete avoid right now. If that changes, we'll let you know. And as the markets move and the market changes, we will let you know today. As I speak, Dowdown 128, S&P 24, NASDAQ 126, NASDAQ 100, down 194. Ew. And what's going on there? Well, let's see. Nasdaq 100, big names, you ready? Salesforce.com down 12. That's in the Dow also. Well, why would that be down 12? Because CrowdStrikes down 18. Autodesk is down 27.

This is on earnings, by the way. Workday is down 14. Those are all software. Salesforce.com, software. Adobe, down 11. Software. Microsoft down 4. Software.

Oracle, down 7. Software. Software not happy? You add in the semiconductors down 91. Ew. That's your story. And of course we mentioned in video, which is really teasing today. I'm pretty sure the soldiers are going to defend big time in and around here because that's what they do.

But that doesn't mean it's in an up trend. It would just be defended. We'll see what the next few days bring. Keep in mind Friday, half day in the market. I don't understand why they make it a half day. Why not just have Thursday and Friday off? You don't have to do it every year, but if Thursday's off, just let Friday be off. I don't get it.

I also believe, how do you have an election day, a work day? I don't think election day should be a work day. Don't you agree? And I love working. But there are certain days I've always thought. And you know what they're thinking about before that? Oh, the day after Super Bowl should be a holiday or a day off because it's the Super Bowl. What's more important?

Election Day or the day after Super Bowl? Okay, I got it. Don't answer. I know what you're going to say. I know how it works out there, ladies and gentlemen, football overall. So as we head into the close of the market, into the holiday, mushy day. Boring stuff up.

Oil's bouncing a little bit. some of the commodities bouncing a little bit, some of the insurance bouncing a little bit, financials was strong early but now kind of sort of red but nothing bad. Some restaurants are up. The big story today that sticks out is the Bitcoin. I mean, holy crap. Imagine getting trashed yesterday, gaping up, getting it all back overnight and then a little higher. what's down today is a lot of the recent

leading stocks in that software techie area because of some of the reactions by the way it wasn't just Autodesk and CrowdStrike Dell getting smashed Eulet Packard smashed you know how we say to you sometimes

how is this stock up on these crappy numbers recently dear dear earnings down 45 revenues down 28th their worst quarter like forever and the stock goes up 10% well today you had some not so great earnings and they hit the stocks in tech land they also hit Nordstrom retail mixed bag a little better in this week for a few names they weren't happy with Nordstrom And then you have things like, eh, something called Nutanics, another software stock, gaps up and now down 7.5%. You don't want to see too much of that as we head into earning season.

Just letting you know. But overall, let's take a look. The Dow, that's my music. Up next, we'll take a look at the big indices. I'm Gary. This is the one only investors edge. Hi, I'm Gary Kalbaum, hosted a national. 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 888-4-2-5-59. That's 8-8-5-5-9.

That's 888-4-22-55-9. 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 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 you. 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 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 IHeart Radio.

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 ondeck.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-DEC does not lend in North Dakota, all owns 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. So, big indices.

The Dow gapped up on the election, rallied up a couple days, gave it mostly back. but last Wednesday Stop going down Five days up Today a little pullback day Wouldn't be sweating on it, the S&P the same And the pullback was right to

A major Moving average The 21 day moving average The NASDAQ Interesting enough Is hardly up From beginning of July And the NASDAQ

100 is even from the beginning of July. So you know all this talk, the market market? Well, there are areas that ain't making the grade. And I can tell you the socks, the semis are back to where they traded, not making this up March of this year

and are down about 59, let's call it about 17, 18 percent from the highs in July. So again, just letting you know not everything is so perfectly in sync. And we're going to watch these semiconductors very closely as we move forward. Again, they are not driving the bus right now. They were in the past. And you can just pick any year out in the last 20, 25 years,

and you will see most of the time as it went, the market went. and really took over the mantle after the financial companies proved to be a bunch of corrupt, fraudulent pieces of crap in 2008, where a bunch of people committed fraud and not one person was indicted because they were so well connected to Washington, D.C. And by the way, that's true. What else today? A bunch of economically sensitive stocks pulling back today. United Rentals, for example. Just for example, Caterpillar.

those types. Not a biggie, just do. I'm watching Apple for a breakout hasn't happened yet, but mostly the thing I watch most is everything. China bounce today, but nothing really doing, and there's some stocks in China land that have just been absolutely blasted, and I mean absolutely blasted and some of the big names like Baidu and Alibaba absolutely blasted. I mean big time blasted, which is still amazing to us. And I have to tell you, this is what's weird about my business. We always say to you here, in anything you do, in anything you do. And I learned this for many years ago when I started out.

business. I told you the first book I read was by Roger Storback, the Dallas Cowboy guy, who became a major big real estate investor. And one of the things he said, and I guess it's pretty simple, find the best people, smartest people, most successful people in any business that you want to be in. So recently, this great hedge fund manager, David Teper, by the way, he's a billionaire. I think he owns the Charlotte football team, North Carolina, football team. He's a billionaire. People are making fun of him because he made this call on China in and around when it really started moving and it went straight up for a couple weeks, but it really comes straight down. And they're making fun of him. It's amazing to watch.

Making fun of a man that has been so successful because of one thing, which by the way, may or may not turn out to be right or wrong. And frankly, it's only given back what it gave. People are amazing. We here try to follow all the success stories in the business and find out what they're doing right or doing wrong. And they're making fun of this guy, Tepper. You should go look the guy up.

The guy's brilliant. I still remember every time Warren Buffett does something, he gets made fun of. I think he's worth $150 billion. I think he's been pretty successful. You know how we've talked about, hey, he's been buying up this Occidental Petroleum and it hasn't done well. We ain't making fun of them. You know what we're doing? We're watching Occidental Petroleum every day. Why? The guy's got a pretty damn good record. And I still remember, I think it was in Apple 2016

when he bought into Apple the stock was in like a 25% bare market while the market was going up and people were making fun of him and telling him he's nuts telling him he's wrong well they ain't making fun of him anymore

by the way I think Apple is up about ninefold since he started buying. And by the way, he's been selling as of late a lot of it, but I think it's really only because he got very top heavy in it. But just letting you know, he was made fun of. People were laughing at him. It's amazing.

How do you laugh at the greatest success stories in history? I don't get it. The one gene every person should have is, A, never be jealous of people that are bigger and better and richer and smarter than you. Learn from them. Be envious. Find out what they're doing right. What a concept. Never make fun of them. That's the gene you should have. But I guess, you know, you look on Twitter. I mean, they're just making fun of people. We will never, ever make fun of anybody in this business when they're wrong. Ever. The only one we have brought up because we've received, and I'm not, I don't think of this, I'm being exaggerating, like a thousand emails on this Kathy Wood, but I got news for you. Kathy Wood's doing better now. Still way off her highs, but she's been doing better. She needs to learn, though, because she'll get squashed in the next bear market if she doesn't adjust, because we know what bare markets do. But we don't make fun of her. We learn.

So just a little note to each and every one of you, whatever industry you're in, never make fun of success, learn from success. It should be the number one rule of thumb that you teach your kids. And I, you know, I'm on Twitter because I get pushed things. There are certain people I follow. I get pushed things. And sometimes things just show up on my screen. It's amazing how successful people get made fun of. By the way, from people on Twitter that don't even show their faces.

I get blasted. The other day, I said something about Israel and somebody said all the Israelis deserve to die or something to that effect. I blocked them. But it's not even a person. It's just somebody masquerading. It's amazing. Up next. What else do I got for you?

We had the Thanksgiving. This is the one only investors, Andrew. Hello, 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. 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 stomachache every time that I eat and it just becomes like a lifestyle where, oh yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy 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. OnDec'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 ondeck.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. OnDec does not lend in North Dakota. All loans and amounts are suburb. 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. And welcome once again to Investors Edge. Thanks for being with us today. I don't know if you've been reading. But there have been bomb threats. against the cabinet of Trump from, I guess a lot of the messages were these, what they call themselves, pro-Palestinian people, but they're really anti-Jewish, anti-Israel people. They don't care about the Palestinian people at all. It's just they're racist, anti-Semites.

They never complain to protest what's going on in Haiti, Nigeria. Sudan, Syria, Russia, China, all these other places, but the Jew, Jew, Jew, Jew. Anyway, amazing, bomb threats to families. Here's what we hope and we always tell you about crime. How do you stop crime? You make the ass clowns pay and pay dearly. And then you market that these clowns are being paid, are paid. Are paid. dearly. And you know what the next person who thinks about doing it thinks about? Ooh, I don't want to pay dearly, so maybe I won't. So you find these people, you charge them with terror threats. You indict them, you try them. If you have proof positive and a jury of their peers find them guilty, you put them in jail for a heck of a while. And then you as defenders of the citizens, of this country, you market the fact that these people are going to jail from three to five years and they destroyed their lives and they're going to be tough to ever get a job ever again and the next person may not. That's all. It's pretty simple. I've been telling you, I can cure every one of the ills of these big cities. The shoplifting? It's very simple. You're not shoplifting anymore. Why? We're going to arrest you. We're going to indict you. We're going to charge you. We're going to put you in front of your peers. And if they find you guilty, you're going to do some time.

And first-time shoplifter, maybe we'll let you off on number one. But number two or number three, sorry. And we're going to let you know up front. Number two or number three, you're doomed. and maybe you're only going to go to jail for six months the first time. But have fun in jail for six months. And then the second time will be a year. But no, right now people are going to not jail. They're not even being arrested. These stores in many of these cities are telling the employees, let them do it and don't touch them.

There are videos all over the web. of people just walking into a Nike store and stealing 40 pairs of sneakers and walking out and nobody can touch them. Do you know they fire people? They have been firing people that try to interfere. I saw somebody from Home Depot, not Home Depot, I'm trying to think which one, was fired,

absolutely fired because trying to stop a shoplifter. How about New York City? I've been reading about people that have been attacking others in the subway, attacking them, and they're let out. I saw one where somebody tried to push somebody onto the tracks. That's attempted murder. Nope. But you know what New York City did? A person on a train, there was a guy threatening everybody on the train,

threatening people's lives saying they were to die and they're going to kill him and somebody put him in a chokehold and it turns out the guy passed away. They charged him for trying to save other people's lives and even though everybody came forward and said he saved our lives, we think this guy was going to try and kill us. No. It's insanity out there. I have to bring this up because this is muy importante going forward because I really think one of of the failures of this administration has been, have they ever talked about crime ever? And all of you listening in cities like San Fran and Oakland in Washington, D.C., where they're putting out flyers on how to get this, they're putting out flyers on carjacking.

How not to be a victim of carjacking? they're putting out flyers? How about putting the carjackers in freaking jail? They actually know who they are and they do nothing about it. I would stop all this in one day. Finally, Californians woke up and got rid of these clowns. Who's this yachts in L.A. or something like Gascone. They got rid of these D.A.

who said, their mantras were, oh, we need equity and make sure no, what? I couldn't give a crap if you're white, black, green, yellow, blue, short, tall, fat, skinny. If you commit a crime, you commit a crime. And if it deems that you look like you're going to do it a second and third time

and then you get violent, you're in trouble. Gascon, well, we've got to be, you know, we got to really think about these people and why they're committing crimes. What? Who gives a crap? Why somebody's committing a crime? And I'm just thinking to myself, these DAs,

what would they do if it happened to their family or even to themselves? I believe the mayor of L.A., didn't she get victimized recently? Anyway, I just have to bring this up because that's another part of the equation that they're fighting. and they're getting death threats over wanting to do something? By the way, do you know, I think there's, did I hear there's a million people that were to be deported,

that the U.S. government has come back and said deport, and they didn't. And this government, the new government that's going to come and says, oh, we're just going to do what the law is. And people are pissed. Just so you know, they were never pissed when the greatest deporter in history, Barack Obama, did all kinds of deporting. Did you hear anybody complain about Obama?

Again, it's all political, ladies and gentlemen. The goal should be for anybody leading this country is to protect the citizens, number one, number two, number three, number four, number five. Protect the citizens from crime, theft, terror, and anything. like that. That's why I've been so pissed off from what's happening in the colleges. And I got news to me, I'd be just as pissed off if it was happened to

blacks, Hispanics, trans, anybody else. Nobody should be treated like they're treating Jews on these universities. And of course, Harvard and Yale, whatever, all these colleges, Colombia, they suck.

And every one of these people run these universities should be fired on the spot and never, ever be able to run again because they're not protecting their people, their students. So just letting you know how we feel about the whole thing and what's happened with the election and we'll see how it plays out. They're getting death threats. They're getting bomb threats. The families of these people are getting bomb threats. They couldn't even go to their homes and their homes are now being sweeped for bombs. And it looks like it's the Palestinian thing.

at least what the messages are. And again, find them, arrest them, indict them, put them on trial for terror, and make them pay. The next person will think twice. That's how you stop it. And that's my take. And by the way, if you don't think that has anything to do with you, your money, the markets, the economy, it has everything to do. How do we know this? They're shutting stores left and right.

They're shutting businesses left and right. People are flocking to other places from some of these cities that refuse to protect the citizens, and it hurts those cities badly. Just let you know. And if you don't believe me, go read, spend some time on it. We say all this with no bias. We want everybody to be able to do great things. and the job of this country's government is to just set the conditions for all of us to do great things

where we don't have to look over our shoulder and worry about what's next. Up next, the final numbers on the day and whatever else. I'm Gary. This is the one only investors edge. Hello, hello. I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna. And I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side.

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. So we are not asking our clients to be the first experiment on it. We say, you can leverage what we did.

We're 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 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. 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. 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 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. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go.

Action! In the Gester's Hitch. With Gary Colfubon. And welcome once again to Investors Edge. Thanks for being with us today. Again, a big happy Thanksgiving to you and yours. Think about the good things that you have and what you don't have. And if you're wondering about missing on things, plan things.

Decide how to get there. And whatever you want to do, plan them out. Treat yourself like a corporation. You're your own board of directors. I do it every year. Actually, I do it every quarter. And the biggest thing I think I do is my failures, my faults, always working on them. Always working on them. Oh, I can't begin to tell you how much I work on them, especially when it comes to the markets.

Constantly. Just a thought. And of course, as I've stated to you, if you have the ability and you'd like to think about doing something for somebody, you need absolutely nothing from during the holiday season. Doesn't have to be big. It can be very small. It can be for one person. You will feel better than what you did for that person. I can promise you than that person.

Seriously. Just a little word of note. All right, market shut. Dowdown 138, S&P 23, NASDAQ 115, NASDAQ 100, 178. And may I state for the record the NASDAQ 100 is the besides the semis, but in the big indices, the NASDAQ 100 is the laborer right now as it finished hardly above the high of July. While other indices, let's see, the S&P, 565 to 565.5.5.5.5. 98. That's 33 on 565. What is about? 5.5%. The Russell 2000, 14, about 6%. And all in the, I got to tell you, all in like the last seven days off of the election. And as we have stated, the elections matter. When you have polar opposites, Let's put the pieces of the puzzle together.

Kamala Harris wanted to, well, let's back up. The Biden-Harris administration raised the size of government unimaginable amounts, unimaginable, with their inflation reduction act, all that BS. My favorite one is the Fiscal Responsibility Act, and since then we would have. How many trillions have we run in deficit? It's just ridiculous. So we already knew what they were. Not big government, but gargantuan government.

Gargantuan, the amount that they had raised it. Given $350 billion for climate to one man who was a democratic hack, no accountability. Billions here, billion there. They made $100 billion into a footnote. It's $150 billion to students to pay off. their loans. And we're going to pick you, pick you, pick you, oh, not you, though. And lo and behold, this new administration is doing the Doji Act. And what is it? To cut government down to size, not get rid of it like some people are saying, don't believe the media on that bull crap.

We think they should be happy the media. They want to make the government efficient effective. They're tired of seeing even 5 million bucks go to nothingness. And I don't know if you've ever taken the time to go through the list. Go Google the words, ridiculous government spending. You wouldn't believe what they have done. And I'm pretty sure they're going to find out that these people have become so rich in government through the, well, you know what, the Biden family getting 20-some-odd million bucks. So imagine you went from massive government increase to, hey, we're going to do something about the debt deficits and make government efficient effective. And where there's fat, we're going to cut it.

Where there's needs, we're going to keep it. What a concept. So that's number one. Number two, she proposed a higher capital gains tax, a higher investment tax. This is by what I call a shadow tax. In case you don't know, that's Obama tax. tax for Obamacare on your investment returns over and above. The capital gains tax, which is just a hidden tax.

It's a joke. The Trump tax cuts. They're probably not going to be gone now. They're going to extend them. They were going to be gone. A higher corporate tax. Kamala Harris wanted a higher corporate tax. Trump may lower the corporate tax from here.

Not sure. long-term capital gains. Did I mention that a second ago? They were going to try and do unrealized capital gains. Oh, but don't worry, it was just going to be for the mega wealthy. Well, we know what government does. They start with the mega wealthy and it ends up on everybody. Unrealized capital gains is probably top three in dupousness and stupid

of a proposal I have ever heard in my lifetime coming from these miseries. And of course, they proposed a wealth tax, which they kind of begged off recently because they knew that wouldn't fly. But they were still talking about it. So we went from all that. What is Trump saying? Waiters and waitresses' tips? Maybe no taxes. And then, of course, Harris came out with that also.

And amongst other things. Now, we don't think Trump's going to do that. We don't think he's going to do the no taxes for firemen police. We don't. We think that was a lot of campaign, but who knows? Maybe for all we know. He's also mentioned something about get rid of the income tax. I don't think that's going to happen, even though I think income taxes is fine.

How about the IRS whole thing? What do we have? We have 70,000 pages of code and rules and regulations. Get rid of that crap. The amount to comply with you. That is ridiculous. So just letting you know that's the changes. And we'll see how it plays out.

2025 going to be interesting. That all said, have a great Thanksgiving. We're off tomorrow. We're off Friday. We'll be back on Monday. Drive carefully. Travel safe. And when you get home, do like we do.

Make sure you hug your family. Hug your children. And happy Thanksgiving. Stay well, be well. Peace out all. Good night. has been Investors' Edge with Gary Cult Bomb on Biz Talk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryKK.com. Success starts with your drive, and American

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