Investor's Edge with Gary Kaltbaum - Is China waking up? [02.06.2024]

Episode Date: February 6, 2024

https://garykaltbaum.com/...

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Starting point is 00:00:00 For delicious meals, you could go out to eat or spend hours in the kitchen. Or you could just make a Marie Callender's meal. Yeah, you heard me. Marie Callender's classic chicken parmesan bowl is delicious, with scratch-made marinera sauce, creamy mozzarella cheese, and no preservatives. It's high in protein with 30 grams per serving. Marie Callender's, what having it all tastes like. Investor's Edge with Gary Coltbaum.
Starting point is 00:00:32 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 Colbom, your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Tuesday, February 6, 2004. Hope you having a good day.
Starting point is 00:00:56 As always, serious talk on everything that affects you. The markets, the economy, jobs, unemployment, taxes, deficit, spending, scams, shams, corruption from them. And of course, these days we're hearing a lot about immigration, which they'll completely screw up as usual. We'll get into that a little bit. If you do not get this radio show in your city, we will post it at garyk.com. We'll also post it on our Twitter feed, which is now X. And of course, on X, you can follow us. Just go to X, put our name in, or press the button at garyk.com, and also at garyk.com.
Starting point is 00:01:39 You can email us, just be nice. Shouldn't be hard. Just be nice. And we'll start with that. And we do have lots to cover. First off, everything we do here, everything we do with our business, everything we do on a daily basis is to stay in gear with the markets. Not only stay in gear, but a step ahead.
Starting point is 00:02:17 And what we typically do, just so you know on a daily basis, is we scan 1,500 stocks minimum, 200 sectors, just about every country, every commodity. and what we are looking for are first and foremost the big leaders, the strength. And of course, the reasons why for that strength. Simple as that, on a daily basis. On top of that, we're looking for changes. What do we mean?
Starting point is 00:02:54 Well, let's just do China because it's in the news in the last couple of days. We have been completely avoiding China because it's been in its own bare markets. In the last couple of days, China stocks have waken up because over the last two weeks, it has been nonstop China government doing their thing again, announcing, you can't short sell. We're going to prop this up, prop that up. And they've tried it before. in the last year a couple of times to no avail. Recently, you had that last leg down,
Starting point is 00:03:41 which really got it, what we call, stretched and extended, to the downside. And in the last two days, got a bunch of it back. We will specifically tell you right now, for the first time in year plus, we're watching a little bit closer.
Starting point is 00:04:09 Notice I didn't go further than that. I'm a big believer in things have to prove themselves. But leave no doubt there's been a bid in China for the last couple of days. Our worry is it's based on government. We'd rather done organically. But as you know, they are a control freak type government. So we're on it. So we're actually spending a little extra time on it, even though I can certainly tell you, as of this second, it's a bounce.
Starting point is 00:04:51 Hoping for more. Now, we have people that say we won't invest in China because. If it moves, I'll play it. We have people that say we won't invest in tobacco. I get it. On top of that, on my front screen right now is about 10, 20, 30, 40, 70 names. Most of them that were not on my front screen coming into earnings reports. What are those 70 names? Great reactions to earnings. Now, why do we do that?
Starting point is 00:05:41 Very simple. In our studies through every cycle, it's not 100%, but it's a good number. Those companies that beat Wall Street estimates handily and gap up or spike up on heavy volume reactions to whatever they said, a lot of them will lead for months in and months out. So we keep them on a screen. And I must tell you they're in differing sectors over the last two, three weeks, which is normal also. And what we do is we stay on top of them. And it gives us an indication of the markets.
Starting point is 00:06:38 Some will not make it. There's already a couple that gapped up, gone nowhere, already filled the gap. Some coming all the way down. they come off screen and then there are others that show their stuff and those are the ones will be in consideration of
Starting point is 00:07:01 as we move forward that's our goals simple as that and when wrong be wrong fast and be wrong small as you know we've had some really really really big gains over the last five six weeks
Starting point is 00:07:20 we stopped out of a couple of things with one and two percent losses. How are we able to be so tight on our stop losses? Well, it's simple because we're so specific on where we're buying. What we do is not throw darts here. We have specific buy points on breakouts or pullbacks into support areas. That's our recipe. Lose one or two percent, make 30. And that's how we're roll. Our job is much more in depth right now because we are in the midst of earning season.
Starting point is 00:08:08 Another area that we're watching closely. You know, we've been in a void on oils except for pipelines for a long while. And there's really not a lot of leadership there. And anything that kind of sort of was leading failed. Just seeing some of the big
Starting point is 00:08:26 oils, maybe carving out lows. Maybe. And when I say maybe, it's because it's showing some things that give it a little bit of potential. Doesn't mean it's going to work. And then there are times where we say, hey, if Nvidia breaks above 506, buy the heck out of it. Now, we're in one of those moments in time where I think you have a lot of dancing in the markets right now. things that weren't so good getting better, things that were better, stalling out.
Starting point is 00:09:07 So I work even more. As I look at my screens today, some names that have been dead, little wake-up calls. And when I notice maybe the casinos that are based or make their profits in Macau, China, China-based, they're starting to show themselves. So we're watching those. And that's how we do our things. Intensive. Not willy-nilly. We saw somebody today.
Starting point is 00:09:47 I don't want to mention what stock. Oh, we're buying it here. Well, it's up like 40% in the last month. Okay. Lack of discipline. Anyway, good finish on the day today. Some warts and some things sticking out. Transports.
Starting point is 00:10:16 Today popped. Recession? I don't think so. The IYT is an exchange traded fund for the transports broke to a new high. The transports did not because there's this big anomaly with some names in the transport, namely CAR, that had this big spike a couple of years ago and it just screwed everything up. But the IYT, the Exchange traded fund? Busted out. We're watching the small caps. They have been acting well over the last five weeks. But kind of sort of pulled back right into support levels. And we'll see how they go. And then there's earnings.
Starting point is 00:11:07 Up next. We'll go through. I'm Gary. This is the one only Investors Edge. Hi, I'm Gary Kalbaum. Hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors money for a living, specializing in fee-based discretionary money management.
Starting point is 00:11:43 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 8-8-8-5-59.
Starting point is 00:12:21 That's 888-4-22-55-59. Investment Advisory Services offered through call-bomb capital management. Hi, I'm Dr. Jay Goodman, host of Beyond the Script. where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh yeah, you know, I just have a stomach kick every day.
Starting point is 00:13:08 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.
Starting point is 00:13:38 Listen now wherever you get your podcasts. With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're stacking your rewards. Nice. Get up to 5% cash back with Venmo Stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment, and more.
Starting point is 00:13:59 Pick a bundle with your go-tos and start earning cash back at those brands. Do more stash, get more cash. Venmo stash bundle terms and exclusion supply. See terms at Venmo.combe. slash stash terms. Max $100 cash back per month. Shake it up with vital proteins, collagen, and protein shake.
Starting point is 00:14:15 It's a high quality ready-to-drink shake with 30 grams of protein and 10 grams of collagen to support healthy hair, skin, nails, bones, and joints. With zero grams of added sugar, no artificial sweeteners, and absolutely no carraguina, it's a clean, delicious way to fuel your day.
Starting point is 00:14:33 So you don't just, age gracefully, you age powerfully. Vital Proteins. Stay vital. Learn more at VitalProtines.com. 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. Investor's Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investor's Edge. My Steely Dan's still going. Anyway, thanks for joining us. This is Investor's Edge. Lots to cover, as we said earlier.
Starting point is 00:15:29 First off, the Dow was up 141. By the way, with about, I think, five minutes to go in the market today, I think we're only up 60 or 70. And we moved up nicely. Yeah, about five minutes. 384.5. Yeah, we rallied up 60, 70 points pretty quickly. And in the NASDAQ, same thing. Finished up 11 on the NASDAQ.
Starting point is 00:15:55 NASDAQ 100 finished down 40. Some big names had a rough day today. But the NASDAQ finished up 11, and I can tell you flat out, the NASDAQ today, was down at one point. Not that bad. 130. Is that right? 15-515. I take it back.
Starting point is 00:16:17 About 80. 75-80. What stands out? A market that's rotating. Not a lot of damage being done. Had a few little damage stocks today in software and some tech, but some overdue. I stopped out of one name with a couple. Fine and dandy.
Starting point is 00:16:42 Don't mind. Well, I do mind, but when wrong, be wrong, fast, be wrong, small. And after we sold, went down a lot. Not going to mention names. And now we head into more earnings. The big guys are out. We're also watching Apple now. Why?
Starting point is 00:17:02 Seems like nobody likes them. But the stock reversed nicely on earnings and is now in a seventh month trading range. I can promise you, if it breaks out of that bad boy, we're on it. Not close yet. And of import. And I can't overemphasize this enough. The 10-year yield came down today. and let's hope we're just rangebound.
Starting point is 00:17:35 I would be so happy if we go rangebound from 3-7 to 4-2 on the 10-year for the next 10 years because the wild swings because of the distortions out of Powell, they just need to stop. Now, I must tell you, I did not watch Powell as I told you,
Starting point is 00:18:04 but I did the outtakes. It's almost laughable. I just want to let you know. For a long while, he had controlled the markets by printing to $9 trillion. Now, he does not. In my humblest opinion, overrated as can be, and all we want to do right now is watch the markets, and let's just hope they stay the heck away. I would compliment them like heck if they just stay away.
Starting point is 00:18:35 Go away. Stay out of the markets. move a quarter point here, move a quarter point there, that's that. Now, it's quieted down. People that have been calling recession, depression, crashes, it's quieted down. There's still some people that are very bearish out there. I don't see it. We told you about the JP Morgan Chartist in December said,
Starting point is 00:19:03 we're going down to 3,500 on the S&P, and I'm like, what would a Chartist see that said that, because I didn't see it, And you know where we've stood on the market. I'm just letting you know all that talk is quieted down. I will promise you this. The market will know it if the economy is going to tank. I say that because, as I speak, Union Pacific is a rail. It's in a new yearly high.
Starting point is 00:19:38 Crappy numbers, but it's a rail. Canadian National It's a rail At a new yearly high J.B. Hunt Is a trucker Crappy numbers New yearly high
Starting point is 00:19:55 Would we be going into a deep recession An economic crash If truckers and rails were at new yearly highs The answer is Heck no Now when I say to you crappy numbers I'm not making it up J.B Hunt's a new yearly high
Starting point is 00:20:12 their earnings last four quarters, minus 17, minus 25, minus 30, minus 23. Sales, minus 7, minus 18, minus 19, minus 9. Leave no doubt the market's making a bet on the economy or the $7 trillion of government spending with a $2.7 trillion deficit. I say it's a combination of both. And when somebody goes on TV to say how great the Biden economy is, I laugh.
Starting point is 00:20:45 When you raise federal spending from the year before COVID from 4.4 trillion to almost seven, more than a 50% increase and 2.7 trillion debt the last year, you think these people don't know there's an election coming up? That's a big part of the economy and the shame of it all. The Republicans signed off on it. They didn't have to let it go. if I was running the Republicans I'd been on TV
Starting point is 00:21:18 and show them all these numbers I'd show it off this is what he's trying to do to you but they winped out you know why because when they get power they want to do the same under Trump massive spending
Starting point is 00:21:33 Bush massive spending the fix is in you need to know that and let's hope one day the debt market does wake up the 34 trillion of dead headed to 50 and quickly and on purpose. But right now, we're good. If things change, we'll let you know. Segway a little bit. I received dozens of emails about Toby Keith passing away. I must tell you, I couldn't pick him out as a lineup. He died of
Starting point is 00:22:20 cancer. I guess he is one of the greatest country stars of the last 10 years. I don't follow country. Dozens. You guys love that guy. You guys and gals. Ask me what I thought. I'm like, I'm a yes in Genesis and Rush guy. But anyway, I looked him up and I looked at his, wow, that dude had a lot of awards, a lot of Grammys, and that big freaking C man. Cancer does not have any bias. The rich, the famous, the poor, the young, the old, doesn't have a bias. Hope everybody stays well because, man, oh man. I've had family in the past go through it and pass because of it.
Starting point is 00:23:24 Anyway, rest of peace, good man. Up next. Oh, we're going to take on a. couple of things, as we always do. I'm Gary. This is the one only investors edge. 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
Starting point is 00:24:06 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 blood. chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you
Starting point is 00:24:32 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. With the Venmo debit card, a taco in one hand, and ordering a ride in the other means you're stacking your rewards.
Starting point is 00:25:07 Nice. Get up to 5% cash back with Venmo stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment and more. Pick a bundle with your go-tos and start earning cash back at those brands. Do more stash, get more cash. Venmo stash bundle terms and exclusions apply. See terms at Venmo.combe slash stash terms. Max $100 cash back per month.
Starting point is 00:25:28 Shake it up with vital proteins, collagen and protein shake. It's a high quality ready-to-drink shake with 30 grams of protein and 10 grams of collagen to support healthy hair, skin, nails, bones, and joints. With zero grams of added sugar, no artificial sweeteners, and absolutely no carraguinen, it's a clean, delicious way to fuel your day. So you don't just age gracefully, you age powerfully. Vital Proteins. Stay vital. Learn more at Vital Proteins.com.
Starting point is 00:25:59 You're listening to. America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. with Gary Colbomb. It comes highly recommended.
Starting point is 00:26:17 You're going to feel better if you talk to. As we speak, I'm going through the blowups and the good reactions. Let's see. Snap, closed at 1750. It's 12. Holy crap. But Chipotle closed at 2490. I got at 2540.
Starting point is 00:26:39 And remember, I love the stock of Chipotle. Broke out a week or so ago. I even came on this show and said, I wish I could have, it was last Monday. And I said I can't buy it with a week before earnings. It was at 2350. It's now 2540 in the aftermarket. What is that?
Starting point is 00:26:59 190. So it's about 8% from the breakout. Oh, well. Well, that's as of this second. But snap blows up. Let's see what else I got for you. Advanced Energy AEIS, Semiconductor equipment, closed at 107. I got it at 95.
Starting point is 00:27:17 That's not good. How about Azac? Construction. Closed at 3960. I got at 43. Stocks have been struck. Some of these construction stocks have been really good. And there's a bunch more earnings reports.
Starting point is 00:27:32 I'm just giving a few that popped out snap. That's stock, man. Oh, N-phase. Let's see what that's doing. Up three bucks. a great example of have your stops in place. When we called tops in the solars, I believe it was right around mid-December of 22.
Starting point is 00:28:09 When we call tops of a sector, we never know how bad it's going to get. We don't know if it's going to last a week. All we can do is, hey, We know what tops look like. And just so you know, there are plenty of times where something tops out and three weeks later it turns right back around. But it's those other ones. And I just remember end phase because it was so popular because it had such a big run and nothing could ever go wrong.
Starting point is 00:28:38 And it hit a high of 340 in December of 22. End phase, good time in the aftermarket up about 12% to 112. it's still down in the 60s. So when we tell you about stopping out and stuff, keeping your losses small, you just never know. And everybody was saying solars had been the greatest thing ever because we're gone solars. Not so much.
Starting point is 00:29:14 The greatest lesson I can give each and every one of you is to go back on your biggest of losses. and ask yourself how you got there. I can't begin to tell you what I see in losses. That didn't have to happen. And what ends up happening, people end up getting into the web. Down 10% is no biggie. Down 20?
Starting point is 00:29:52 Well, it's happened before. Hey, down 30, what's up? Down 50, holy crap, it's got a double to get me back to even. down 70, screw it, I don't care if it goes to zero. And that is the psychology. I've seen it.
Starting point is 00:30:15 It hasn't happened to me. But I've seen it. And I can promise you there's going to be more bare markets going forward where most stocks go down. Whereas we told you in the last bare market, the big leaders of the past bear, past bull,
Starting point is 00:30:35 we'll drop on average 70%. Nobody wanted to believe until their stocks drop 70%. All the favorite names. So word to the wise. If you can just fix that, you can be so a way ahead of the game.
Starting point is 00:30:57 Just fixing that, we have. We don't own bare market stocks. We don't own downtrends. We can never ever be caught in a big bare market. Now we could get gap down on an earnings report, but that's only because we already have big cushion. The last big earnings gap that I had was back in the 90s.
Starting point is 00:31:28 Silicon Graphics. Two weeks before earnings, they talked up their earnings, and then they missed. Oh, there was big lawsuits. You never get paid anything on those. So again, if you can fix that bad boy. And when we do our webcasts every night, you know what we show? What's not working also? Why?
Starting point is 00:31:56 For them that see it and for us? Because we're never going to be in bare markets. And we also know the other part of bare markets. Because at the end of those bare markets, things are so under-owned, under-loved, under-leverage. If you can figure out the turn, if you can figure out the turn. if you can figure out the turn and buy it before everybody else and catch the up trend as it starts
Starting point is 00:32:26 or in the midst of there's some good cake to make. Thus we're bringing up China today and telling you up front, we're not sure. We're not saying anything but it's woken up. It's still as far as we're concerned a big oversold bounce
Starting point is 00:32:46 with the mouths of the government yapping, but volume heavier, and we're on notice. And this is what, the first time in 15 months, 18 months, 20 months? And I could tell you years ago, we made some real good cheese on Bidu many years ago around when they first came out. So write the word China down,
Starting point is 00:33:17 and we'll keep you up to date. FXI is the, the ETF, but again, just a heads up. Oils, just some of the big oils. The pipeline's a bit strong, but most of them, yuck. And I don't have much bad to say today. Whatever's been working is working. Some pulled back today, they pulled back the AI a little bit today. Some weakness in software. But the slack was picked up. elsewhere gold miners can't buy a thrill can't find a friend so what do we tell you avoid interesting enough gold itself the metal is a stones throw away from a big multi-year breakout we'd rather see the stocks act better than the metal but in this case that just ain't happening now of interest, immigration.
Starting point is 00:34:47 What does it have to do with you and your money? Well, if you live in a sanctuary city, they're taking your tax dollars and giving it to people that came across here and ignoring the homeless that have been here. So in case you don't know, the president that's policies have caused what you are seeing. Millions coming through in a year? Let me tell you what just happened. and why a bill has come to fruition to be voted on. Their poll numbers on immigration are lower than root canal. So they came up and coddled together a bill with some Republicans on immigration.
Starting point is 00:35:36 Are you ready for this? They go into effect only after 5,000 people. Go look up 5,000 per what? day, week. It's a weak immigration bill order to have the bill so they can say they came up with a bill because the nonsense they created on the border, a horror show.
Starting point is 00:36:02 And the Republicans fell for the trap. And now they're looking like the ones that they're blocking the bill. The Republicans are the worst marketers in the world. They're getting out politicized by this guy Biden stunning to watch of course with the media's BS
Starting point is 00:36:26 but up next what did Biden say today that really got to me and then we'll finish it off with gambling I'm Gary this is the one only investors edge hi I'm Dr. Jake Goodman host of Beyond the script
Starting point is 00:37:10 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.
Starting point is 00:37:42 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.
Starting point is 00:38:16 With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're stacking your rewards. Nice. Get up to 5% cash back with Venmo Stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment, and more. Pick a bundle with your go-tos and start earning cash back at those brands. Do more stash, get more cash. Venmo Stash bundle terms and exclusions apply.
Starting point is 00:38:41 See terms at Venmo.com. slash stash terms. Max $100 cash back per month. Shake it up with vital proteins, collagen, and protein shake. It's a high-quality ready-to-drink shake with 30 grams of protein and 10 grams of collagen to support healthy hair, skin, nails, bones, and joints. With zero grams of added sugar, no artificial sweeteners, and absolutely no carrakegonin, it's a clean, delicious way to fuel your day. So you don't just age gracefully, you age powerfully.
Starting point is 00:39:12 Stay Vital. Learn more at VitalProteins.com. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! Ingesters Hedge.
Starting point is 00:39:29 With Gary Culper. Three times on Joe Biden's speech on immigration today and took no questions, as usual. Why would a president take questions? said he was serving the people. I'm sorry, we are serving him. To raise the size of government from 4.4 trillion before COVID to almost 7 trillion, which is more than the COVID years with a $2.7 trillion deficit, we're serving him.
Starting point is 00:40:20 We are nothing more than a gargantuan slush fund for these people in D.C., Some worse than others. Serving the people. Yeah. Serving the people. Using the people's tax dollars to pay off loans of people that took out loans. Where's the contract law? Do contracts even matter anymore?
Starting point is 00:40:52 Oh no. Votes matter more. What do you tell the people? that still have to pay their loans because you'd picked and choose who you wanted to give relief to. What do you tell those that did not go to college? They are taxpayers now and they are paying for your handouts. All good questions that will never get answered, unfortunately. Which takes me to the last part of the show.
Starting point is 00:41:26 Which has nothing to do with the market. We cover enough. And if you don't get our webcast, you should. go to garykhae.com give one month free click on conviction leaders they're award winning and we show you what we're thinking not just tell you you know every now and then we say we don't predict markets but we did predict inflation we predicted a lot of things that occurred because we're pretty good it's seeing things we called elections. Do a lot of that.
Starting point is 00:42:09 I'm about to tell you what the next big, I don't know if the word epidemic is it, but the next big issue, I don't know when it hits, it may be three years from now, two years from now, one year from now. And I'm a big believer in individual responsibility. You know what that means, right?
Starting point is 00:42:32 I'm a big believer that if you do something, you get the rewards or the opposite. I'm a big believer if you decide to drive 100 miles an hour on a street that's 40, you're responsible for what you do. If you drink and drunk. Oh, you get my point. Which means if you decide to gamble all your money and you lose it, you're to blame. Right? Individual responsibility.
Starting point is 00:43:07 I'm just letting you know. I think we're going to have a gambling epidemic. I don't know if that's the right word, but you get my point. I'm seeing it. I'm feeling it. I know a lot of youngans that are not betting on a football game, but in real time betting on each snap, and whether they're going to punt or not,
Starting point is 00:43:34 on a baseball game, whether it's going to be a ball or strike, they've now opened that up. in real time that you can bet 500 bets in a game. And as you know, the sports business that was always loathe about it are now pushing it out there because they're making bazillions off of it. They never said they'd have sports in Vegas. Oh, now you got football team in Vegas. Super Bowls in Vegas.
Starting point is 00:44:04 By the way, these are not complaints. I'm just telling you facts. I'm just letting you know it is just going to get out of hand. there's no doubt my mind. Just from my vision and what I see in here. And of course, these companies that are putting all this out there where you could go online 24-7 and bet this is that and the other thing, you can bet what's going on in Zambia soccer game.
Starting point is 00:44:34 You know what they do? On their commercials, they tell you, we'll give you a hundred bucks bonus. Join us, new this and this, that. We'll give you a hundred bucks bonus. Join us, this, that, and this. That's a hundred bucks, bonus, this, that, and this, that. But gamble responsibly. And if you need help, call this number.
Starting point is 00:44:52 Don't you just love that? Here, gamble! Oh, but if you need help, call this number. I love all this. It's amazing to watch. And I love those other things where you're basically picking teams and they run the advertisements. Oh, we pay. paid out a million bucks last week. No, they didn't. They're bookies. The losers paid you out.
Starting point is 00:45:21 I just love how this goes. Remember, I believe in individual responsibility. I'm just letting you know, this is going to blow up. In what form I don't know? And please just get a hold of your kids on this, because I'm seeing it with a lot of the kids. And when I mean kids, I'm seeing, I'm seeing, people that are not of age, able to get on. And I'm seeing a lot of youngens. Let's call them 20 to 25 to 28 years old. And I'm seeing them gambling away their earnings because it's so front and center and they made it so damn easy. You know what I think of the lottery? It is a horrible tax on the poor and the people that really think they're going to win it. They've made it such the Powerball, the mega millions, that if you were hit by lightning five times at 3 p.m. each day,
Starting point is 00:46:23 five days in a row, you had better odds of that happening than winning. It's 280 million to one. And I've seen it. I've seen people use all their money to buy these lottery tickets. And they have marketing. In Florida, they used to have marketing. You know what the commercial was. You never know.
Starting point is 00:46:42 Yes, I do. You're not going to win. That's how they roll. So just letting you know. this is about you and your money. There's a lot of traps out there. Know your odds. Know your odds.
Starting point is 00:46:59 Be smart. Very easy to lose yourself in it. We'll talk about it more tomorrow. You have a great evening drive carefully. When you get home, do like we do. Quite simple. Make sure you hug your family. Make sure you hug your children.
Starting point is 00:47:16 They will feel better. You will feel better. I promise tomorrow TV. I'm not sure. Have a great. one everybody. Thanks for joining. Peace out. Bye-bye. This 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 dot com. That's GaryKK.com. Struggling to see up close, make it visible with Viz. Viz is a once
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