Investor's Edge with Gary Kaltbaum - IRAN TIME [06.18.2025]

Episode Date: June 18, 2025

www.garykaltbaum.com...

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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 your food. store. We can't wait to meet you. Store hours vary by location. Investors 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
Starting point is 00:00:49 Coltbaum, your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's Wednesday. It's June 18, 2025. Tomorrow is June June 19th, right up front the market's closed. Yay. As usual, I'll be on a flight tonight up to the northeast to see the dad and do some Fox News studio appearances. But I want to get right down to it. In case you don't know, this is serious talk on everything that affects you.
Starting point is 00:01:29 We will do the markets, the economy, your job, your industry. Iran, tariffs, doge, debt, deficits, scams, shams, corruption, you name it, we cover it. Today on the show, we will do. Stable coins? What the hell is that? I'm trying to figure it out. We'll talk Iran because I think something's going to happen. and I got a few little statistics for you.
Starting point is 00:02:03 And if you don't get this radio show in your city, we'll post it at garyk.com. We'll also post it on a Twitter fee, which is now X, and if you don't follow us on X, you should. And of course, if you'd like to email us, just be nice. It's pretty simple.
Starting point is 00:02:20 Just be nice. Okay. In no particular order. The markets. Not a lot of movement. It tried to rally, tried to drop. Dow was down 44. S&P was down to, NASDAQ up 25, NASDAQ 100 was flat. Transports 36 to the upside. Strength today, banks, financials, stable coin stuff. I'll try to explain it. And then there's the opposite of the stable coin stuff was trashed. I'll try to explain. that and much more. Where do I want to go from here first? Markets and Iran. Iran and markets. Let me tell you what I think. And I know, Gary, you're going to give an opinion in Iran. You don't know anything about it. You're not military. You're not in the White House. Hey, we can still give an opinion.
Starting point is 00:03:35 my guess my guess is that tomorrow we are going to do some offensive work when it comes to Iran that's my guess at least that's how
Starting point is 00:03:55 I've been reading it the president I think is really telegraphed it and I must tell you if he doesn't at this juncture he kind of looks like he's bailed
Starting point is 00:04:14 what do I mean by that? He's actually come out and said to the head mullers, you are going to surrender. You had better surrender. And the mullers came out and said up yours. So how do you back away? Do you think the presidents put himself in a corner? That's not a unfair question.
Starting point is 00:04:47 But what would that mean to markets on Friday? All I can tell you, listen carefully, is that if you go backwards to Desert Storm and others, the market's done okay. I think there's a thing about patriotism that makes the market okay. We'll see. Anyway, that's a guess. I think it's a good educated guess. I guess we'll know tomorrow. will let you decide whether you think that's right or wrong.
Starting point is 00:05:33 The hope is those clowns in Iran are gone, and their nukes, if they have, or getting close, splat. Next. Well, the Fed was today. They didn't do anything. Jay Powell, as you know, I have told you, me being the biggest critic of the man have been saying lately
Starting point is 00:06:06 I'm happy with what he's doing which is nothing and that's in spite of the president the president called him an idiot today and as you know we don't like that we want our president to be presidential some would argue that but I'm sorry just my opinion
Starting point is 00:06:26 we think the president has it wrong And due to the fact, we have nailed this whole Fed thing for a long time. He should probably listen to me, but he won't. The fact is, well, no, it's not a fact. Jay Powell's at 4.5% on his little Fed funds, and we tell you, you want to know what Fed funds is? Go Google it. But simply, the easy way to say it is it's the rate that banks lend in charge and give to each, other and all that crap the president said today that if he'd lower a point on the Fed funds
Starting point is 00:07:14 oh my goodness gracious it's going to save us hundreds of billions of dollars well he's wrong just like he's wrong when he says tariffs are paid by China he's wrong unless our country floats debt at three months and six months and one year treas which they don't, even though Yellen did because she doesn't care about you. We mostly float five-year, 10-year, 30-year bonds. And guess what that is? That's the free market. And the 10-year yields at 4-4 right now.
Starting point is 00:08:07 He's at 4 and a quarter, so he's actually under the market. Can he cut rate? Sure. but Trump wants a whole point. Here's the problem with that. It'll goose the markets. It'll recreate inflation again. And then it will feed on itself.
Starting point is 00:08:35 As inflation shows up, people will sell off bonds. And interest rates will go higher. And then the economy suffers. So I believe the president has it completely wrong. the last time the Fed cut rates from 5 and a quarter to 4 and a quarter, the 10-year yield went from 3-7 to 4-5, actually got to 4-8. And what matters more? Well, on a scale of 1 to 100, the Fed is about a 10, the free market is 100. Your mortgage rates are based on your 10-year yield, a lot of your loans, 10-year yield, not the Fed funds.
Starting point is 00:09:16 So I don't know what the hell the president's talking about. And I am amazed somebody hasn't gotten his hearing said, dude, stop. And the same goes for his crap on tariffs. Now, you think I have Trump derangement syndrome. Let me, you know I don't, right? We're going to applaud him now. In the month of May of last year, 62,000 illegals came across the border.
Starting point is 00:09:48 Do you know how many came across in the month of May, 2025 under Trump. As John Vernon said in Animal House, 0.0. Magnificent. What a fantastic job President Trump has done on the border and total down 93%
Starting point is 00:10:14 magnificent. And by the way, it tells you what kind of a clown Biden was and a lion's He was. I can't do anything about the border. I need Congress. He lying sack. Four years of a lying sack.
Starting point is 00:10:36 And by the way, Biden woke up six months before the election when his polls on immigration were worse than jock-inch. He was deporting people. I didn't see any protests. Anyway, kudos to the president, President Trump on the border. he's saving lives. He's saving lives by doing what he did on the border because people were dying in trucks and drowning. Up next. We'll put a bow tie on it, get back to the markets, lots more. This is the one only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people.
Starting point is 00:11:43 We manage investors money for a living, specializing in fee-based discretionary money management. 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 complimentary portfolio review. The number to call is. 888-4-2-2-55-9. That's 888-4-2-5-5-9. That's 888-4-2-4-2-5-9. Investment Advisory Services offered through
Starting point is 00:12:34 Colbaum Capital Management. This message is brought to you by Colagard. If you ever printed out directions and hoped you didn't miss a turn, it may be time for you to screen for colon cancer. Luckily, things are a lot easier these days, even screening for colon cancer. When caught early, colon cancer is treatable in nine out of ten people. With more options than ever, it's key to start screening at 45 if you are at average risk. The Coligard test is non-invasive, requires no special prep or time off, and it ships right to your door so you can use it in the privacy of your own home. With just three simple steps, setup, sample, and ship, completing your Colagard test is easier than finding
Starting point is 00:13:07 the right track on your mixtape. If you're 45 or older and at average risk, ask your doctor about the Colagard test available by prescription only. Learn more or request a prescription at colagard.com slash podcast. Do not use the colagard products if you have had adenomas, which are a type of colon polypil that can sometimes become cancer, inflammatory bowel disease or other hereditary syndromes, a personal or first-degree family history of colorectal cancer, or a positive result from another colon cancer screening method within that test's recommended screening interval. Colagard results should be interpreted with caution. A positive test result does not confirm the presence of cancer. Patients with a positive test result should be referred for a colonoscopy.
Starting point is 00:13:41 A negative test result does not confirm the absence of cancer. Patients with a negative test result should discuss with their doctor when they need to be tested again. False positives and false negative results can occur. Do you still trust the corporate media? I know I don't. Get the real facts, the inside story behind the scenes in the Senate and the White House and the U.S. Supreme Court. Subscribe to verdict with Ted Cruz on the Iheart radio app by clicking the attached link today.
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Starting point is 00:14:17 www.asu.org. 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.
Starting point is 00:14:36 It doesn't get better than this. And welcome once again to Investors Edge. So kudos to the president on the border. And I've always said, throughout the years to all of you. I've never understood why this country would allow so many to come in illegally. And that is the word. The main reason for me is you're telling all the people that came here legally,
Starting point is 00:15:15 suckers. Think about that. I have very close friends. I consider them family. They are family. that came here legally. They went through time, sweat, toil, dollars, tears,
Starting point is 00:15:41 and finally became citizens. And they have watched how people cross the border illegally and then get taken care of by the taxpayer. It is backwards ass. Our country has been backwards ass on the border. Forever. And you're kicking in the teeth the people that did it the right way. So great to see.
Starting point is 00:16:24 Great to see. Now we told you so that the president on his deportations would not last. That was a gimmie, and I took a lot of flack on that. And for those of you that are deportation lovers, I gather you're pissed at the president now, but he has no choice. They figured out that restaurants have waiters and waitresses and busboys that may not be here legally.
Starting point is 00:16:58 farmers have workers that may not be here legally. Hotels have maids and workers that may not be here legally. So guess what they figured out at the White House? We cannot do these gang deportations. But yesterday he came out and said, oh, we're still doing it. Guess what I don't believe. they're not going to be doing it. He came out to assuage his peeps. But I'm letting you know, and I am 100% sure they are going to cut down on the deportations.
Starting point is 00:17:49 They have no choice. They are hearing it left and right from a lot of industry. By the way, Uber drivers, lift drivers, lift drivers. delivery people construction so just letting you know that's going to happen Mr. Logic says so and then there's MasterCard and Visa
Starting point is 00:18:16 the markets dang so the other day MasterCard what day was that that was Friday MasterCard which closed the day before at 580 the next day hit a lower 552 and closed at 562.
Starting point is 00:18:37 Today was down another 31 bucks to 538 Visa. Down 17 a half today. That hit 372, four days ago, closed at 340 today. What the hell is going on? Well, there's talk about Amazon and Walmart, who, by the way, between the two, I think they do about 1.4 trillion in sales, that they are looking to do their own corporate stable coin type thing that would knock out the master cards and the visas of the world. So it got hit once, but now they hit it again today. And at the same time, Coinbase today was up 41 bucks,
Starting point is 00:19:32 16% and a recent IPO called Circle Internet. $31 IPO would open at 90. It was up $51 today to $200. What? What do they do? Well, they, Circle Internet provides digital currencies in public blockchains for payments, commerce and whatever through stable coins and stuff like that what and coinbase they announced something to that effect so i have to tell you i looked up what a stable coin is
Starting point is 00:20:22 for the life of me i don't get it i really don't a coin base announced it's introducing Coinbase payments. Of course, PayPal was also hit today also. Is a stable coin payment stack designed for commerce platforms. Offer instant 24-7 U.S.D.C. payments to your merchants. That's digital coin, I gather. Globally, securely, without blockchain complexity built on base and already live with Shopify, It's the fastest way for payment service providers,
Starting point is 00:21:07 marketplaces, and commerce. I'm thinking to myself. And maybe some geniuses out there that knows a lot more than me on this, can email me on this. Why is this so much better than PayPal? Well, I take that back because PayPal service stinks. But why is it so much better than just credit cards? You know, gas stations have their own credit cards.
Starting point is 00:21:38 Why do they need a stable coin? Doesn't a lot of retail. Macy's has their own credit card. Bloomingdale's does. What do you need a stable coin for? Why is stable coin better? Why is it the talk of the town right now? I have to tell you, I think I'm pretty smart.
Starting point is 00:21:58 I don't have the answer. If any of you do have the answer and you know the industry, email me. I'd like to know. Because, dang, dang. Dang, dang. That was one hell of a move today in Coinbase and Circle Internet. While crushing two very dependable stocks throughout the years, MasterCard and Visa. American Express got hit the other day but did not get hit today. I do not own any MasterCard and Visa as of right now, and I feel pretty damn good about it.
Starting point is 00:22:43 world's, I guess, change in, ladies and gentlemen. Old is... Goodbye. Up next, more on markets. News of the day. This is the one only investors, Ed. This message is brought to you by Kola Guard. If you ever printed out directions and hoped you didn't miss a turn, it may be time for you to screen for colon cancer.
Starting point is 00:23:30 Luckily, things are a lot easier these days, even screening for colon cancer. When caught early, colon cancer is treatable in nine out of ten people. With more options than ever, it's key to start screening at four. 45 if you are at average risk. The Coligard test is non-invasive, requires no special prep or time off, and it ships right to your door so you can use it in the privacy of your own home. With just three simple steps, setup, sample, and ship, completing your Colagard test is easier than finding the right track on your mixtape. If you're 45 or older, and at average risk, ask your doctor about the Colagard test available by prescription only. Learn more or request a prescription at
Starting point is 00:24:02 colagard.com slash podcast. Do not use the Colagard products if you have had adenomas, which a type of colon polyp that can sometimes become cancer. Inflammatory bowel disease or other hereditary syndromes, a personal or first-degree family history of colorectal cancer, or a positive result from another colon cancer screening method within that test's recommended screening interval. Coligard results should be interpreted with caution. A positive test result does not confirm the presence of cancer.
Starting point is 00:24:24 Patients with a positive test result should be referred for a colonoscopy. A negative test result does not confirm the absence of cancer. Patients with a negative test result should discuss with their doctor when they need to be tested again. False positives and false negative results can occur. Do you still trust the corporate media? I know I don't. Get the real facts, the inside story behind the scenes in the Senate and the White House and the U.S. Supreme Court.
Starting point is 00:24:42 Subscribe to Verdict with Ted Cruz on the IHeart Radio app by clicking the attached link today. Paid for by Truth Encourage Pack. Not authorized by any candidate or candidates committee. Truthancorac.com. Cashflow crunch. On-Dex 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
Starting point is 00:25:03 missing a beat. With flexible draws, transparent, price, 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 Ondek or Celtic Bank. OnDec does not lend in North Dakota, all loans and amounts subject to lender approval. We're listening to.
Starting point is 00:25:27 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.
Starting point is 00:25:51 So, hey yo, congratulations to the Florida Panthers. Second Stanley Cup in a row. Canada still has not won a Stanley Cup in ages. When I lived in South Florida, I used to go to the Panther Games. They got to the Stanley Cup finals, I believe. That's whenever they scored goals, we would throw rats onto the ice. And I still remember as they won the one of the, the division and they were going to the finals.
Starting point is 00:26:29 The headline on the Miami Herald was Buy More Rats. Anyway, good for them. My New York Rangers, I guess I'm going to have to be satisfied with, what was the last time they won the Stanley Cup in the 90s when Messier was playing? Be a chip while I'm alive. I'm hopeful on my Mets this year. But boy, oh boy, they're good at letting down at the end of the year. Oh, well. Back on the Fed. So in case you don't know, I never watch the press conferences. There are a waste of time. I am not a fan of even having a central bank. I have yet to understand what they do. I believe they've done nothing but caused problems. We can go back to 0607. Ben Bernanke kept rates too low.
Starting point is 00:27:33 he's the guy supposed to oversee the banks and what did they do they were lending mortgages out and the mortgage companies out to people that didn't have a dime in their pockets which created a lot of the crazy to the upside in housing they did not oversee Wall Street either that was doing mortgage-backed securities with 102030 to 1 the rating surfaces were also complicit. There's emails at the rating services saying that mortgage-backed security is a piece of crap.
Starting point is 00:28:15 They use the other word. Goldman Sachs would put tranches together of mortgage-backed securities and then short them after they sold them. These are true stories. And the Fed has been, hear no evil, see no evil, speak no evil. Jay Powell created the inflation that you saw.
Starting point is 00:28:40 It was not Joe Biden. Joe Biden just helped it along. Inflation started coming down when they stopped printing money. Just remember, the definition of inflation is too much money chasing too few goods. And what that was was $9 trillion. He wasn't the whole $9 trillion, but he ramped it to $9 trillion. Once he stopped, started backing away. That's when inflation came down.
Starting point is 00:29:08 Unfortunately, President Trump wants to go back to that again. It scares the hell out of me that Trump is going to put in next year. Excuse the way I'm going to say this. A head of the central bank that's just going to kiss Trump's arse and do whatever he wants, and that is bad news. Because any president would want an easy money policy coming from your central bank. Bank. He always said you have to be independent. That person will not be independent. And look out. Easy money will lift markets until a brick wall is hit. And then all heck breaks loose.
Starting point is 00:30:09 I'm really worried about that. Who he's going to put in. He's already put, he's only hired unloyalist, which is somewhat normal for every president, but they've put in an overdrive. I'll keep a close watch on it. Back on markets of import. We don't know how the market will react if something does happen tomorrow. And by the way, I do believe it would be tomorrow.
Starting point is 00:30:52 I don't know how the market's going to react. But in real time, the S&P is just trading nicely and tightly with a little bit of distribution the last few weeks. In fact, it is flat, one, two, three, last four weeks. And that's just fine. no problem the NASDAQ a little bit better than flat
Starting point is 00:31:30 but with a little distribution and what that means you've had some down days with heavy volume as of recent haven't seen a lot of breakdowns that's good news if I start to see a bunch of breakdowns we'll be talking
Starting point is 00:31:44 but I really don't know how we are going to react but in the past we've reacted well I like the fact that the big banks had a good day today, Bank of New York to a new high. Goldman, relative high, J.P. Morgan above a little range. This is good to see. The semis overall are up again today with some warts. And I can all but promise you, if the financials, if the semis are acting,
Starting point is 00:32:25 just okay. There's no chance of a bare market. There are areas to avoid. We have told you which ones they are. We'll stick with that until that changes. A big matzabal now to be watched is oil prices. They've really gone up markedly in the last two to three weeks. In fact, oil prices are up about 15% in about eight days.
Starting point is 00:32:56 if that sticks you're going to be paying a lot higher price at the pump in about a week just remember they raise them quicker then they lower them so that is a definitive wild card on what we do and how we do it
Starting point is 00:33:21 I worry that I don't understand some of the things the president tweets when he should shut up. He's now backed himself in a corner. Surrender or else basically stated. They came back and said, go screw. Now what do you do?
Starting point is 00:33:57 Now what do you do? So we'll see. Maybe we come back on Friday and they do nothing. Don't know. You know my guess. Next up, have you been reading what some of these food companies are going to be doing now? Are they telling us that they've been putting a lot of crap in our food for years?
Starting point is 00:34:30 Because they're just backing away from a lot of food coloring and this chemical and that chemical. We're hearing these things that cereal in Canada does not have a bunch of these chemicals, but they put in our cereals here in the United States. I mean, just what the hell has been going on. I'm no Robert Kennedy fan at all, because he lies too much, especially on the vaccines. But man, oh man, he's getting some things done.
Starting point is 00:35:08 And I'm reading up on some of these chemicals that are coming out of our food. And I'm thinking to myself, do these food companies hate us? Are they now telling us all those chemicals, chemicals suck. And they shouldn't have been there, even though we've been ingesting them forever. By the way, food stocks are not acting very well right now.
Starting point is 00:35:35 Just letting you know. And by the way, I did a little read on our bottled water companies. There are no sweethearts either. What is going on out there? Up next. Other news of the day. This is the one only investors end. by Colagard. If you ever printed out directions and I hoped you didn't miss a turn, it may be time
Starting point is 00:36:32 for you to screen for colon cancer. Luckily, things are a lot easier these days, even screening for colon cancer. When caught early, colon cancer is treatable in nine out of ten people. With more options than ever, it's key to start screening at 45 if you are at average risk. The Colagard test is non-invasive, requires no special prep or time off, and it ships right to your door, so you can use it in the privacy of your own home. With just three simple steps, setup, sample, and ship, completing your Colagard test is easier than finding the right track on your mixtape. If you're 45 or older and at average risk, ask your doctor about the Colagard test available by prescription only. Learn more or request a prescription at colagard.com slash podcast.
Starting point is 00:37:08 Do not use the Colagard products if you have had adenomas, which are a type of colon polyp that can sometimes become cancer, inflammatory bowel disease or other hereditary syndromes, a personal or first-degree family history of colorectal cancer or a positive result from another colon cancer screening method within that test's recommended screening interval. Colagard results should be interpreted with caution. A positive test result does not confirm the presence of cancer. Patients with a positive test result should be referred for a colonoscopy. A negative test result does not confirm the absence of cancer. Patients with a negative test result should discuss with a negative result. Fossi and false positives and false negative results can occur. Do you still trust the corporate media? I know I don't. Get the real facts, the inside story behind the scenes in the Senate and the White House and the U.S. Supreme Court. Subscribe to Verdict with Ted Cruz on the IHart Radio app by Clicking the Attached link today.
Starting point is 00:37:50 paid for by Truth and Courage Pack Not authorized by any candidate or candidates committee. Truth and Couragepack.com. Cashflow crunch. OnDek'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,
Starting point is 00:38:04 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
Starting point is 00:38:20 Celtic Bank. On deck 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 Edge. With Gary Culper.
Starting point is 00:38:56 By the way, I meant that if some of you understand this stable coin crap and why it's the next big thing or great thing, Please email me. I'm going to do my own on the airplane going up to the northeast tonight. I'll spend some time on it. But I started reading already. For the life of me, I guess a stable coin represents money for each company. I don't. It's weird. All I can tell you, Coinbase and Circle Internet Sword and MasterCard and Visa, they took out a machete and cut them off at the knees. and then I was thinking also but wait a minute the banks are option the banks get hit also I got a lot of things to study up ladies and gentlemen points is a lot of things I told you yesterday we're going to do a big time on artificial intelligence we got very very our ears got pinned back yesterday we were reading about what the Amazon CEO had to say and I just wonder
Starting point is 00:40:18 is AI all that it's cracked up to be they're telling us that there's going to be a lot of jobs lost but a lot of jobs gained because of AI so you better start learning it I think I've never really used it I'm being told forget Google got to do chat GPT I'm so used to Google yeah we'll see how it goes all I know when I started in this business I had a little quote track my charts were blue and green books
Starting point is 00:41:13 from William O'Neill delivered every Sunday I used to take out a pencil and fill them in every day I mean we have come very very far I still remember mid-90 it was the mid-90s
Starting point is 00:41:31 Margot Vuisich walks into my office at J.W. Charles Securities and says just let you know we're going to be setting you up with inter-office email. And I said, what's that? Oh, you're going to be able to email me directly and back and forth. And I'm like, why can't I just come into your office?
Starting point is 00:41:53 I had no idea what the email would do. And then with the internet, there were so many doubts about it. And I still remember, but I've said this before. When I was a kid, you know, my Google. was the Encyclopedia Britannica one year old. Hey, look up with Abraham Lincoln. What do you get? About two pages and the Cyclopedia Britannica. Now anything. Amazing. Our kids don't know how good they have it when it comes to educating themselves. That's why when I see some of these teens and young people holding up Hamas lovers and hating of Israel.
Starting point is 00:42:46 And I'm thinking to myself, wait a minute, wait a minute. All they got to do is look things up, but they don't because they don't want to. They just fall in line with hate. It's pretty much sickening. Also in the news, I got to tell you, I've told you this. before. I love the food channel. I watch Beat Bobby Flee, chopped, iron chef, you name it. One of my favorites, a woman named Anne Burrell just died in her sleep at 55 years old. She was one of the stars of the Food Channel, hosted our own show.
Starting point is 00:43:48 55. 55. Enjoy everyday, ladies and gentlemen. You don't know. You just don't know. I was thinking about that all day today. You just don't know. Yesterday, we're moving on.
Starting point is 00:44:28 I said to you there's no chance of recession or a big contraction in the economy at this juncture because the market says so. I caught some crap from people. That's cool. I'm going to repeat it. I've never ever seen a down economy that did not start with the market going bearish. I'm letting you know again. Right now we're getting a lot of real-time moves because of we have the most news-driven market. But the normality is the markets will be able to telegraph big economic trouble a few months in advance. And typically by the time we're in a recession or a contraction, we're already halfway or even more through the bare market. And I'm just letting you know there is zero chance if banks are acting well, if semiconductors are acting well, if semiconductors are acting well,
Starting point is 00:45:36 Now, not all is perfect. The housing stocks, horrible. The housing business, not very good. Earnings weighed down yesterday for Lenard. Sales were even down. But I'm just letting you know again. And I'm always amazed about people predicting June instead of listening to the market. It shouldn't be too tough.
Starting point is 00:46:05 The market has great eyes. and a voice. You should listen. Tomorrow will be the best of Gary. We'll be back Friday, and we'll see if anything goes on tomorrow. Should be interesting. You'll have a great evening.
Starting point is 00:46:23 Drive carefully 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 they will be well.
Starting point is 00:46:31 Peace out all. Good night. This has been Investors Edge with Gary Cultbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryKK dot com. Do you still trust the corporate media? I know I don't. Get the real facts, the inside story behind the scenes in the Senate and the White House and the U.S. Supreme Court.
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