Investor's Edge with Gary Kaltbaum - JOBS WITHER [10.01.2025]
Episode Date: October 1, 2025https://garykaltbaum.com/...
Transcript
Discussion (0)
Guys, it's no use putting it off.
The best time for an underwear refresh is now.
Tommy John underwear is designed for a perfect fit that stays put all day.
Their zero-chafe thanks to four times more stretch than competing brands.
And their innovative horizontal quick-draw fly is a game changer.
With over 30 million pairs sold, there are thousands of men out there more comfortable than you.
Don't settle for less.
Go to Tommyjohn.com today for 25% off your first order with Code Comfort.
That's Tommyjohn.com, code comfort.
Tommy John. Comfort perfected.
Investor's Edge with Gary Coltbaum.
Straight talk about you and your money.
Now from the BizTalk Studios, here is Gary Cultbaum.
And welcome once again to Investors Edge.
I'm Gary Coltbaum, your host.
A thanks for being with us today.
Glad you here, ladies and gentlemen, happy that you are listening.
It's October 1st.
It's 2025.
I'm 65 today.
I squatted 300 pounds yesterday, though.
Hope you're having a good day.
By the way, as I have said to you, and I mean this,
I turned 65 today.
I don't feel a thing about it.
And I'm rolling back.
What do I mean by that?
Just this is a little inspiration for you.
I just read a story about a man that never worked out in his life
and in the mid-70s, decided to go on a rowing machine.
He's now 93 and is setting all records for rowing.
And when they tested his, what am I looking for,
tested his lung usage, it was of a 40-year-old.
So I have purposefully and specifically,
indubitably, going forward,
doubling and tripling up
the working out
I treat just so you know
I raised
weights
this past week on purpose
I raised the weights
on purpose
I have this
universal machine at my house
and in the bench press
it's a sitting press
it goes up to I think
16 I put it down to
13
I haven't done that in ages and I knocked out eight.
I am determined because, hey, you know reality.
I've met 50-year-olds that look 75.
Don't take care of themselves.
My recommendation for each and every one of you take care of yourselves,
especially as you get older, your metabolism slows down.
And it's not that hard.
It's not that hard.
30 minute walk.
If you can jog even better.
If you have an inclined trainer where you can go up, even better.
Lift weights four times a week.
It doesn't have to be heavy.
Do some squats, do some push-ups, do some sit-ups every day.
It takes 10 minutes.
Get rid of the freaking alcohol.
Drink Coke Zero if you have to drink soda or Pepsi Zero.
And you know what not to eat or have.
how much, and take care of yourselves.
You know, we travel a lot, and we're in airports.
And I don't know if this makes any sense, but if I'm, I don't even know if I should say this,
but if I see somebody that's much younger than me and way out of shape,
I see to myself out loud, I'm going into the gym.
And it's good for you, too.
so just letting you know
we used to like actually tell you what our workouts were every day
I may have to do that for like 30 seconds each day
get you going get you inspired
anyway
I am 65 today and it's so weird
it is so darn weird
and let me state for the record again
if you need help
as you get towards 65
if you need help
let me give you
you my friend from high school, Mario Bick. He's a genius with the Medicare. I'm saving thousands
already. And Bick Insurance Consultants.com, B-I-C-K, insurance consultants.com, check out the website,
give them a call. He doesn't know I'm saying that. I get nothing to say that. Just letting you
know. I just thought he did a great job. All right.
Drugs.
We'll introduce ourselves in a few minutes.
By the way, Shana Tova to those that are celebrating Yom Kippur at the sundown tonight.
I will not be doing the show tomorrow.
Adam will be around.
Phoenix, Arizona, KFNN, all the peeps there.
I'm not even sure if we're on the air because the station is being sold.
It is now well known so I can say it.
If we are not on the air and you're still listening, hey, keep listening if we're on the air.
Very simple.
If you don't get this radio show in your city, GaryK.com, we'll post it there.
We'll post it on our X feed.
We post it very quickly.
It's also on the YouTube channel of BizTV, and we are upgrading the show.
You're going to see me doing the show in the next couple of weeks, I think it's going to be.
So do not forget.
And that's just, you know, we just want to thank Ron Cohen.
What a mensch.
What a good man.
Always been there for us.
Always generous.
Always nice thing to say.
We want to thank him big time.
And we look for other radio stations and you never know where we will pop up.
How's that?
Oh, by the way, in introductions,
we do the drug part of the show.
If you do not get this radio, no, no, no, no.
Serious talk on everything that affects you.
We'll do the markets, the economy, your job, your industry, jobs.
The title of this show is Jobs Wither.
And whatever else comes to mind.
Oh, the government shut down.
Of course, it's the big lie.
The government is not shut down.
Most of the government is up.
Though, listen, there's going to be furlough.
and there's going to be people that are not getting paid until government's back up,
we definitely, definitely, definitely feel for them.
This is an outcome of the cretons and miscreants in the Republican and Democratic Party.
Just keep in mind they could have this done way in advance.
It's all a scam.
It's all a con.
We're the marks.
Just remember that.
Just remember they used to fight over debt ceilings.
They used to fight over debt.
They don't give a crap anymore.
One totally doesn't give a crap, and the other one lies about giving a crap.
Of course, it's the Republicans that lie about giving a crap.
I saw Republicans on TV today.
Yeah, we've got to do something about the debt and deficits.
You know what I said out loud to the people on TV?
Go screw yourself.
That's what I yelled out.
They had such a chance to wipe out a bunch of Biden's scam of $1.8 trillion
of the Inflation Reduction Act,
where Biden, by accident, admitted there was no inflation reduction,
very easily could have knocked out $600 to $900 billion of that,
and you know what they did?
Nothing.
And do you know why?
Because if they know they cut down government spending, it hurts GDP.
And if you have the worst GDP numbers, oh, the next election.
So screw the taxpayers, screw you.
I also saw a pundon on the right today talk about how the account.
economy sizzling. And I'm thinking to myself, the jobs numbers, one of the numbers came out
today was down. So be careful what you hear. The left lies 100% of the time. The right, we'll call it
about 85% of the time. And we hate saying it. We take no joy, but enough's enough. And you know
how we know? We're heading to 38 trillion of debt now. They've spent.
$38 trillion that they weren't supposed to.
And the job number, by the way, today,
I got it here somewhere.
I know I saw it somewhere.
ADP employment change, actually minus 32,000.
The estimate was 40,000.
The prior month was revised down minus 3,000
from a gain of 54,000.
So let me start out by saying the job market's withering.
Now, I'm not throwing blame at anybody.
It may be the AI thing.
I keep reading every day about the next company that's firing 800 people because artificial intelligence.
And I really don't know how that comes about because I'm a people person.
But we're just letting you know the job market's withering.
And I don't think it's an accident that I'm on this show telling you that the airlines, the cruise lines,
the hotels and the restaurant stocks are acting terribly because if the job market worsens less people with jobs, they have to go on unemployment.
Unemployment pays a lot less than what they're making and what do they do?
They sit around the table with their wife or the husband and they talk about how much they're bringing in now and maybe just maybe this Friday instead of going out to dinner we're going to eat in.
Oh, that vacation we were going to do 10 days.
let's only do six.
Oh, we were going to travel first class.
Let's go coach.
That's how it works.
And when it builds up, it really affects the whole economy.
So something we're watching very closely, the job market is not in good shape.
In spite of Trump and this other guy out there saying the economy's sizzling,
Trump said yesterday, it's the hottest economy we've ever had.
No, it ain't.
Up next, we'll continue with that.
And then lots of markets.
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.
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.
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 888-4-22-5-59.
That's 8-8-5-59.
That's 888-4-2-4-2-4-2-4-2.
By 5-59.
Investment advisory services
offered through Colbaum Capital Management.
Guys, it's no use putting it off.
The best time for an underwear refresh is now.
Tommy John underwear is designed for a perfect fit that stays put all day.
Their zero-chafe thanks to four times more stretch than competing brands,
and their innovative horizontal quick-draw-fly is a game-changer.
With over 30 million pairs sold, there are thousands of men out there more comfortable than you.
Don't settle for less.
Go to Tommyjohn.com today for 25% off your first order with Code Comfort.
That's Tommyjohn.com code comfort.
Tommy John. Comfort perfected.
This message is brought to you by the Capital One VentureX card.
Venture X offers the premium benefits you expect,
like a $300 annual Capital One travel credit for less than you expect.
Elevate your earn with unlimited double miles on every purchase,
bringing you one step closer to your next dream destination.
Plus, enjoy access to over 1,000,
airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply.
Lounge access is subject to change. See Capital1.com for details. This episode is brought to you by
Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain.
Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives,
and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar,
you're probably already a podcaster.
The good news is, Sprinker makes the whole process simple.
You record your show, upload it once,
and Sprinker distributes it everywhere people listen.
Apple Podcasts, Spotify,
and about a dozen apps your cousin's swears are the next big thing.
Even better, Sprinker helps you monetize your show with ads,
meaning your podcast might someday pay for, well, more microphones.
Start your show today at spreeker.com.
Spreaker, because if you're going to talk to yourself for an hour,
you might as well publish it.
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.
Welcome once again to Investors Edge.
By the way, they had another bozo conservative out I saw on TV talking about
the tariffs are bringing in so much money.
A conservative does not like higher taxes.
They like lower taxes.
So when a conservative says,
oh, look at all that money being brought in,
they're hypocrites.
I guarantee you if Joe Biden was doing the tariffs,
the conservatives would be having fits.
But since it's Trump doing the tariffs,
oh, everything's great.
Just letting you know.
Tariffs are a tax on us, not them.
Money is not coming into the country.
It is staying in the country.
country and going to the treasury from our companies and to a certain extent and we'll know in time
the consumer and Trump keeps putting on new tariffs every day something new this week furniture
and lumber and this that and the other thing and I know his means to an ends he wants
manufacturing here I hope it works by the way we're rooting for him we're not like the TDS people
that hate him, we're rooting for him.
We just don't like higher taxes.
And we don't like being conned.
But we're rooting for him.
We love what he's done at the border.
Fantastic.
A plus plus plus plus.
People, he saved lives at the border.
As we've told you, people were dying crossing the river.
People were dying in the back of trucks.
There's still a ton of missing children that the media never told you about.
Love that.
omen's job at least trying for peace around the globe. And yeah, he's embellished. Oh, I've stopped
seven wars. No, he hasn't. But he's knocked out a couple. And he's really trying hard with Hamas and
Israel, but Hamas is never going to want peace. They like murdering people. They like raping
women. You do understand that. They like marrying eight-year-old women. You know that. They like
They like stringing gays up and stoning them to death.
You know that, right?
They're animals.
They're never going to give in.
But I'm heartbroken.
If there's one person that praises them, it sickens me.
That one person, if they were at that festival a couple of October 7th ago, they would have been murdered.
Do you know I saw a gay person being interviewed the other day?
that said, yeah, I know that if I met Hamas, they would murder me because I'm gay.
But I'm still backing them.
I actually saw that video.
I don't know what's going on out there, but I got to tell you, there's going to be a bull market.
The biggest bull market ever in straight jackets, rubber rooms, and psychologists.
And do you know in Britain?
they are putting British people in jail
if they say something untoward on the web like
I'm British and I'm staying British
if they carry the British flag
while Muslims are parading
and calling for free Palestine
they get arrested
there's a lot of topsy-turvy going on out there ladies and gentlemen
we shall keep you informed
It's quite weird.
But drugs, I just have to let you know, drugs.
The president, and I'm still perplexed.
The president announces yesterday this deal with Pfizer,
and what they're going to be doing is,
and I don't know how it's going to work,
and I gather it'll take some time.
And I love this from the president,
that there's going to be favored nation status for drugs, meaning no longer are you going to find out
that pill in Canada is $8 a pill, $2 a pill, but in the United States it's eight.
For now on, whatever the lowest is around the world, that's what you're going to get in the
United States.
And Pfizer's doing that, and I gather other drug companies are going to,
to have to line up the same way.
And I saw the news and I'm like, terrific.
The cost of pharmaceuticals is going to come down.
Not all, not all drugs, but a whole host of them.
That is terrific.
What I don't understand, and somebody sent me something on it and I read it and it still
didn't make any sense to me.
Eli Lilly, yesterday morning was 725.
it's 825 today.
725 to 825.
Amgen, big biotech,
274 to 298.
ABV, yesterday morning,
222 to 244.
That's 10%.
Regeneron pharmaceuticals,
a biotech that has been murdered.
555.
to 599.
United Therapeutics, another biotech.
Let's say 417 to 438.
Lower beta type stuff, AstraZeneca.
74 to 84.
Merck, one of my poster children of bare markets.
78 to 90.
This is from the announcement yesterday to the close today.
Now, any of you are obviously a lot smarter than me, if you can email me and tell me, why would you think these things would be up 10 to 20% off of that announcement?
I want to know what you think because I've been reading about it.
Nobody's been able to explain to me what's the 20% bid in these drug companies when potentially more than likely they're going to be charging less for them drugs in the United States.
States. You catch my drift? In any case, maybe, didn't we tell you in recent days that the
percentage of health care to the market was like way below the medium while the percentage
of technology was way above? Maybe it's just a reversion to the mean. Don't know.
The only thing I do know is a hell of a move in the drug stocks.
Lesser extent, medical stuff.
I will tell you there's been a few medical research or medical product companies that, boom.
How about thermoelectron?
Let's see.
Yesterday, 460 to 530 in two days.
They do optical spectroscopy.
instruments
triscoppa
say that 10 times fast
and all kinds of other crap
unbelievable move in the medicals
a lot of them
email me if you know what the hell's going on
because I don't
up next what else we're seeing
lots this is the one only
investors edge
guys it's no use putting it off
the best time for an underwear refresh is now
Tommy John underwear is designed
for a perfect fit that stays put all day
there's zero shape thanks to four times more
stretch than competing brands and their innovative horizontal quick draw fly is a game changer.
With over 30 million pairs sold, there are thousands of men out there more comfortable than you.
Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code
Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected.
This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits
you expect. Like a $300 annual Capital One.
travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase,
bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport
lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access
is subject to change. See Capital One.com for details. This episode is brought to you by Sprecker.
The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include
buying microphones you don't need, explaining RSS feeds to confused relatives, and saying
things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're
probably already a podcaster. The good news is Spreaker makes the whole process simple. You record
your show, upload it once, and Sprinker distributes it everywhere people listen, Apple Podcasts, Spotify,
and about a dozen apps your cousins swears are the next big thing. Even better, Sprinker helps
you monetize your show with ads, meaning your podcast might someday pay for it.
for, well, more microphones.
Start your show today at spreeker.com.
Sprinker, because if you're going to talk to yourself for an hour,
you might as well publish it.
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 Coltbaum.
It comes highly recommended.
You're going to feel better if you talk to him.
And walk once again to Investors Edge.
So we start out with the drug thing.
I'm perplexed.
I saw analysts give reasons and not one of them made any sense.
If I sell a product and I have to, because of whatever reason,
I have to sell it at a lower price and I'm not going to be selling more of it.
I don't know why my stock would go up.
That's just me.
Okay.
I-95.
goes north and south.
So let's say you're starting on I-95 at,
let's see, what's that, is it Val Dostra, Georgia?
And you have one car facing north and one car facing south.
I think this is a good analogy.
And let's presume those stocks, those cars represent stocks.
and let's presume pretty much in the same industry those stocks
and better yet let's start at Washington DC
but don't I'm going to go lower than that now Washington DC
and the car going south starts heading south and no it's a stock or stocks
and then the car going north starts heading north and those stocks
heading south, just keep heading south and keep heading south. But those stocks heading north,
keep heading north, and keep heading north, where the stocks heading north and heading north,
where the stocks heading north and heading south separate themselves by a gargantuan margin, even though
they kind of sort in the same group.
Technology.
I know there's a wide swath attack,
but let's assume it's kind of close.
Well, we're just letting you know.
In technology, we have separated the good from the bad.
And man, the good keep getting gooder.
and the bad keep getting better.
Stocks that we had moved from our good screen to our bad screen
are not just going down.
They are imploding.
I mean imploding.
And we'll leave out the names,
but there's a lot of software,
there's a lot of tech, internet types, pay things.
They're just crumbling.
But then on the other end is you have,
because of recent announcements and leave no doubt,
recent announcements, semiconductor equipment,
we've mentioned the symbols to you,
AMAT, K-L-A-C-L-C-X,
ASML, Micron, MU, Taiwan, TSM.
They have gone just about vertical with nary a stop in between.
I think they stopped for a few days and had a monster day again today.
I'm talking four, five percent moves, three to five percent moves on those names.
Yet as I look to my left,
Duolingo down 18, MSCI, down 15, Monday.com, down 9.
Mercado Libre down 160, nice systems down 5, service now down 8.
How about Wix, WIX down 24?
How about HubSpot down 27, GoDaddy, down 5, docu sign, down 3 and change.
S&P Global, down 5, T-Mobile, down 6, team down 10,
Zebra Tech down six, paycom down nine, Reddit, which just recently topped, down 27.
We're just letting you know, the good is getting good and the bad is getting bludgeoned.
And that's the story.
The semiconductor equipment, the data storage and disk drive companies, and you got a few new
things showing up. Dell computer
breaks out today.
Vertive, one of the
data center things, breaks
out today.
Microsoft is trying
to move above this recent
range and getting going again.
Nvidia, edged
above range, ain't really
bombing to the upside, but
trying to move out of range.
Tesla, talk about
the good getting good, or that broke out
its 360 to 370?
Three weeks later, it's $460.
That's $100 move.
So the good gooder, the bad badder.
That's the story.
Amazingly.
And I have to tell you, we're always big believers of knowing your stocks.
Know your stocks.
How do they trade?
I don't think I've ever seen the semiconductor equipment stocks do what they're doing.
but it's off of that news about how much supposedly is going to spend,
which leaves me saying, as always being a skeptic,
all that spending talk, better come through.
I will tell you this much.
The market absolutely believes it's coming through.
But next, talk about the bad getting badder, big names,
meta, Facebook, broke the 50 day
four days ago, further below it.
The 50 day moving average is now above
at around almost 760.
It's 717, down 17 bucks today
with a strong NASDAQ day and Netflix.
Down 28 today, with volume.
Living below the 50 day, you want to know why?
You know how the right says the left is woke?
because the left always protesting and shutting down,
oh, I'm not going to buy for you anymore, buy from you anymore.
There's a whole big thing about a bunch of,
I guess Elon Musk put out something that he is canceling his Netflix,
and I'm just not going to get into why.
But everybody's following them.
Supposedly a crap load of people shut down their Netflix today.
That was the story.
You can look it up.
I don't want to comment on that.
I just want to talk about the action in the market.
but now the right is now isn't the right now woke what you're shutting down to Netflix because
somebody did something anyway anyway and again we're not making the comment what Netflix did
don't email us we have our own opinions on things we're just talking about what the stock did
and who's doing what that's moving that also remember we said yesterday about the financial
Well, Black Rock down 25 today, American Express down another three, Goldman down 10, J.P. Morgan down foreign change, Morgan Stanley down two, Wells Fargo's down three, Blackstone down three, regional banks rolling over. So just letting you know that's going on. That's going on. And that was a wait on the Dow today. Dow was only up 43, but the NASDAQ 95 and the NASDAQ 100 up 120.
Off of the semiconductors, the socks up a juicy 2% 130 today,
off of those semiconductor equipment companies that, for me,
just rates a big wow.
Just rates a big wow.
Out of the norm.
Stunning move.
And we have a few other stocks starting to show up on our screen.
And then in three weeks, earnings,
That'll be fun.
Hey, up next.
This, that, and the other thing, or whatever else.
This is the one only investor's edge.
Guys, it's no use putting it off.
The best time for an underwear refresh is now.
Tommy John underwear is designed for a perfect fit that stays put all day.
Their zero-chafe thanks to four times more stretch than competing brands.
And their innovative horizontal quick-drop fly is a game changer.
With over 30 million pairs sold, there are thousands of men out there more comfortable than you.
Don't settle for less.
tommyjohn.com today for 25% off your first order with code comfort. That's Tommyjohn.com
code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One
VentureX card. VentureX offers the premium benefits you expect, like a $300 annual Capital One
travel credit for less than you expect. Elevate your earn with unlimited double miles on every
purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over
1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply.
Lounge access is subject to change. See Capital1.com for details. This episode is brought to you by
Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain.
Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives,
and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar,
you're probably already a podcaster.
The good news is Spreaker makes the whole process simple.
You record your show, upload it once, and Spreaker distributes it everywhere people listen.
Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing.
Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones.
Start your show today at spreeker.com.
Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it.
to.
What are we waiting for?
Well, what are you waiting for?
One, two, ready, go.
Action!
In the Wester's Edge.
With Gary Culpa.
Da-da-da-da-da-bum.
Yeah, it says the healthcare sector saw another day of impressive games following yesterday's
headline catalyst.
Pfizer and Pierce continued to rise after yesterday's announcement of Trump RX, a government.
a government-run platform to lower drug costs under the initiative Pfizer-reduced Medicaid prices
invests $70 billion in U.S. R&D in exchange for a three-year tariff reprieve.
Ooh, I missed that part.
Huh.
Okay.
But I want to get back to the jobs.
So, I don't know, it was about two weeks ago?
I'm going to guess two weeks.
for the first time in a while I had said to you
and we're a little bit worried about how
the airlines and cruise lines and hotels look
we had already been yelling and screaming about avoiding the restaurants
for quite a while and for lack of a better world
worried a bunch of restaurant stocks have crashed
50, 60% is a crash don't you think
well since the cruise lines, the hotels, the airlines have done nothing more than go south, some worse than others.
The restaurants have worsened.
Amazingly so.
And every now and then you get a bounce.
Wingstop was up 10 today, but it just dropped $120.
That's not a good recipe, drop 120 rally 10.
Let's hope it continues.
And then we keep getting these job numbers.
They're worsening.
They're not getting better.
The president's wrong.
The economy's not sizzling if we're losing jobs now.
And that's a fluid number.
We know that can change.
And let's hope it does.
But we're just letting you know it is really big time something to watch.
It has to be watched.
The consumer is 70% of the economy.
And we know for ages, all we hear is consumer is still spending and still spending and still spending.
And that's true.
Are the airlines, cruise lines, hotels, and restaurants now telling us something?
And now the news is coming out.
Got to watch this.
Because as we said earlier, and we're just one plus one equals two.
It is pretty simple.
People that are not losing their job,
but are worried about losing their job.
Or seeing others lose their job in their industry
will tend to pull back.
And as we said to you, what will they pull back on?
The discretionary stuff.
The stuff that is not.
not a necessity. They may look at a cheaper car. They may not take that vacation or take less of one,
and we're seeing it. The strongest cruise line is Royal Caribbean, strongest stock. It's just gone from
366 to 316 before you say boo. Carnival announces earnings, opens up at 32 and a half, closes
29 a half, it's now 2830.
The hotels,
they're just topped out.
Not the end of the world.
10% drops are no big deal.
But you know how bare markets work.
They start with tops.
But then there's also the restaurants.
If anything's discretionary,
it's going out to eat.
I've got one restaurant stock
that I can say is holding up, and that's not a bull market.
The restaurant stocks are getting mauled.
Shake sack just went from 144 in change in July to $91.60.
While we're being told the economy is sizzling, Texas Roadhouse, 200 to 162, Chipotle,
Well, that was $67
$10 months ago.
It's $39 today.
It was $58 in July.
Speaking of job firings,
Starbucks just announced there's a ton of places,
and of course, that's jobs.
117 to 84.
So this is on watch.
We already know about the rails and truckers aren't strong
except for a buyout,
and they deliver stuff.
also know about FedEx and UPS, though I think Amazon's been kicking them in the teeth.
This all has to be watched because I got news for you.
Financials are getting a little squirrelly and we don't want to be in a position where there's
only a few games in town in the market that go vertical because that's an end game in the
market when it narrows down. So just letting you know. But great.
day today for what's good. A horrible day today for what's bad. The good got gooder, the bad
got badder, and that semiconductor land, I have to say it again. All that noise about what's
going to be spent, which goes right down to the line of semiconductor equipment, that better come
through. I hope it does. Happy Yom Kippur. We'll be gone tomorrow. We'll be back Friday. You all have a
great evening. Drive carefully when you get home. Do like we do. It's 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. Thanks for joining. And to the peeps in Phoenix, Scottsdale, Ron Cohen and the rest,
we dig you. Thanks for everything. Good night. This has been Investors Edge with Gary Coltbaum on
To listen to past episodes or to get in contact with Gary, go to GaryK.com.
That's GaryKK.com.
Guys, it's no use putting it off.
The best time for an underwear refresh is now.
Tommy John Underwear is designed for a perfect fit that stays put all day.
Their zero-chafe thanks to four times more stretch than competing brands.
And their innovative horizontal quick-draw fly is a game changer.
With over 30 million pairs sold, there are thousands of men out there more comfortable than you.
Don't settle for less.
Go to Tommyjohn.com today for 25% off your first order with code comfort.
That's Tommyjohn.com code comfort.
Tommy John.
Comfort perfected.
This message is brought to you by the Capital One VentureX card.
Venture X offers the premium benefits you expect,
like a $300 annual Capital One travel credit for less than you expect.
Elevate your earn with unlimited double miles on every purchase,
bringing you one step closer to your next dream destination.
Plus, enjoy access to over 1,000 airport lounges worldwide.
The Capital One Venture X card.
What's in your wallet?
Terms apply.
Lounge access is subject to change.
See Capital1.com for details.
