Investor's Edge with Gary Kaltbaum - JP MORGAN? [05.20.2024]

Episode Date: May 20, 2024

https://garykaltbaum.com/

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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 Kalpom, your host. A thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Monday.

It's May 20th. It's 20th. Hope you had a good weekend. I did not. My Knicks lost. And I'm sure you are. all, well, those of you that are maniacal sports fans know. And, you know, they played their heart out.

Injuries up the wazoo. And I think Indiana shot 70-some-odd percent in the first half. Tough to overcome that. But I'm proud of my team. All you can ask for is to leave it all on the floor. And they lost in seven. And, uh, But besides that, I hung with my dog.

One of the weekends, I did not go out of town. Next week, this coming weekend, Memorial Day weekend, I will be flying up to the northeast. And by the way, just remember why we have Memorial Day. I think it gets past a lot of people as a holiday, and I get it. For those of you that have been to Normandy and the American Cemetery, there and heard the stories about what our men went through going up the I mean I don't know if you know this what they want you if you've seen savings saving Pryor Ryan they talk about they actually compressed the time it took a lot longer to get up the whatever you call it was like

a mountain to get up there anyway we must not forget our veterans and those who fought for us and unfortunately we're at a moment where it's kind of on the weird side but anyway we move forward if you do not get this radio show in your city we'll post it at garyk dot com we'll also post it on our twitter feed which is now x and if you don't follow us on x you should just put our name in if you want to email us you just got to be nice and everybody's been nice good good to see and in case you don't know this is serious talk about everything that affects you. We will do markets, the economy, jobs, your industry, taxes, deficits, spending, scammers, shammers, everything under the sun that we really do think matters.

We used to do nothing but markets and then we noticed starting with Bush in a bad way, using us as a slush fund. And of course, leaving us with this guy running the show, the biggest Marxist control freak of all time in the White House that never lets up. Never lets up. And as you know, I've been calling the election the Ebola virus versus the bubonic plague, but I know the election's binary. Let me just leave you again. I just, we can't stand Biden for another four years because if he gets his proposals through

for unrealized taxes on your stocks, He's insane. Wealth taxes, he's insane. Long-term capital gains from 20% to 44% insane. Two trillion dollar deficits, insane. But you know it's even more insane? We'll start with them and then we'll go right into markets. You know we all have opportunity, right?

You never know when you get an opportunity. I think I started my speech at my son's wedding. You're supposed to talk about your son in his life. I believe I started the speech by saying, you know, we never usually get an opportunity like this, so I have to make the best of it as I'm going to talk to you about my son in front of, I think we had 200 people. Opportunity. You want to make the best of it. Right. And when you have influence, you should want to make the best of it.

Right? when you have unbelievable influence, monstrous influence, even more. And I'm not talking about that P. Diddy guy who beat the crap out of his girlfriend and dragged her on a floor like a dead dog and the statute of limitations of pass so nothing happens. Imagine you're the President of the United States. You get to do a commencement speech at a place called, Morehouse College, it is a black college, black graduates. What do you want to do? You have this opportunity. You're the President of the United States, the leader of the free world, a man who's supposed to inspire these young men, I believe it's men and women, to do great things. Be great. Be great. become something. He took his time to tell them that the other side wants them gone.

By the way, those were his words. And the country doesn't love them equally. That's what he decided to take his time and his opportunity to tell these young men and women. What an ass. And by the way, as I always say to you, I would say it to his face. He lied. He knows he's lying. They know he's lying. There were no standing ovations, no yelling and screaming for him. There were some students that turned their backs to him. Imagine. Inspire, do great things. Do you know what we tell the young men and women at the boys and girls clubs of Central Florida, which, by the way, a lot are black, Hispanic minorities. You know what we tell each and every one of them? Be great. Work hard. Reach for the stars. Find something you love. Become a leader. Become a

mentor, become philanthropic. Be so good at whatever you do that you never have to introduce yourself, that everybody knows you. No, the country doesn't like you and are racist. There you go. By the way, as you know, we have no love for the other guy, but he's not the president right now. I needed to be up there after Biden. In five minutes, I would have been able to wipe out all the stupid he said. That's what we try to do with the young men and women here in Central Florida. Be great. Now, I believe he also said that you have to work 10 times as hard as a black person to become something what a white person becomes. Isn't that nice? Inspire. So not only is he the worst foreign policy president on earth, not in history, not only is he running $2 trillion

dollar deficits. Not only does he wants to tax you the debt, not only is his family corrupt as corrupt can be. Don't even get me started with his son. I'm talking about the rest of his family. Not only does he lie on a daily basis, oh, we lowered the child poverty in half. Yeah, because of a tax credit. He has a chance to inspire young men and women, and he stomps on him, tells him it's going to be too tough. Be careful the other person. Instill hate in them. Tell them the others don't

love them. Don't like them. There's your president. I posted the speech. Well, I retweeted some of it on my Twitter feed or X feed. Go check it out. And we start with this, by the way. What does that have to do with the markets and your money?

The markets are up. Well, the markets are up because we're all working pretty damn hard. We bring this up because he's setting the stage for monstrous, monstrous debt bomb. And he's proven himself time and time again. That's all I can say. And we look for things to compliment. We complimented him in the first couple of weeks after Israel was attacked.

And then he became the idiot foreign policy hack that he is. And you know what's happened since. So sorry to be a little bit morbid starting the show, but he's earned our wrath while we're working our tail off to help these young men and women, have them see the greatness. He gives him the middle finger and tells them everybody hates him. The other side doesn't like him.

The country doesn't like him. We'll leave it at that. Hey, the Dow was down 200. Don't fret. Up next. On this, 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. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income,

and educational needs, all to assist you in achieving your financial business. goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-2-5-59. That's 8-8-5-5-9. That's 888-4-2-5-9. investment advisory services offered through call bomb capital management. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata.

We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do you, different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines.

Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? They will come up point when it will mature, right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with Contum? By 2029, we'll build the first fault-tolerant quantum computer.

That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Want to earn extra income for your business? Amazon Hub delivery is looking for ambitious business owners to assist with local deliveries. When you become a partner, you and your staff will deliver packages to customers in your area on a schedule that works for you. With each package delivered, you'll gain extra income and exposure for your business. Plus, Amazon Hub Delivery makes it easy to get started. There's no upfront costs, delivery experience, or long-term contracts required.

Sign up to learn more at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stock up savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more.

Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. 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. And just remember, we have no love loss for the other guy. Because it's another person that has an opportunity. An opportunity. What a great opportunity. You know, by the way, I believe a great candidate on that side. It would be a landslide against this president.

If Trump would just stick to policy and stop the extracurricular activity in Yapin, he is making inroads in areas that one would think is tough. I haven't mentioned this a while, but I do believe. if the election was today, Trump would be winning. But there's a long way to go. Okay, so I said to you the Dow was down 200 today. It was actually down 196. But as we tell you, when it's up on the Dow,

we don't give it as much weight as everything else. When it's down, we don't give it much weight unless we own the stocks that are going the wrong way. So what happened today? And there's a couple of things I want to bring up that actually stick out. In the Dow, J.P. Morgan did an investor day.

You know what that is? It's where the, I don't believe it was a shareholder meeting. They do an investor day with analysts. And the stock was down nine bucks today on a lot of volume. Huh. And this is the most important big bank out there. The other banks came in a little bit, but not so bad.

I was only able to get so far a little bit of what the investor day was like. I didn't see anything that said drop nine bucks. They said the technology budget's going to increase, but that's okay. Succession from Jamie Diamond, five years away. He did say he doesn't expect to buy back a lot of stock at these levels, but that's okay. So I don't know. But that's stuck out.

And why do I bring that up? When things are bad, I'm always looking for what's good. When things are good, I'm always looking for what's bad. That's all. So we'll see. That's stuck out in the Dow today. And then Home Depot down six. Not really surprising for me.

As we have told you and was always weird to us, Home Depot, earnings, minus 8, minus 10, minus 15, minus 5. Sales, minus 2, minus 3, minus 2. The stock rally, well, it topped out at 3, 300, at 337. So not doing much for us. The Big Home Depot. And a few other things were down, but no biggie. And we're now under the $40,000 again, which is kind of sort of another double no biggie.

As we said, when we went above $40,000, okay, terrific. We downplayed it. Now that we're back below, we'll downplay it also. But on the other side, the NASDAQ was up 108, NASDAQ 100 up 127, and the semiconductor is up 107. as we head into, guess what? NVIDIA Wednesday after the closes up $22 today, which is only about 2.5%,

but still up 2.5%. What was the story behind that? Two analysts decided to be brave. They raised their target, not their estimates, not their buy rating, but they raised their target markedly up. Two days before earnings, I got Newsfea. I don't have the grapefruits to do that.

We'll see what happens. Interesting. But the big story of today is very simple. A very good tech, mostly big tech day. Semiconductor day. Not everything, but a bunch. Not everything. but a bunch.

The next thing I want to bring up is something I've been saying to you. I think I'm going to be a little bit more vociferous with you. And that is the commodities. So gold, GLD, silver, SLV, uranium, uranium, URA, URA. Copper, C-P-E-R, very tough to buy them here. The breakout was weeks ago. A secondary breakout was a little closer to weeks ago.

They're still on the move. They're commodities. Anything is possible. Commodities are based on a lot of things. There's been talk about copper. needed for EVs, whatever.

For climate, whatever. I don't know. For AI, I don't know. We'll see. We're just letting you know the moves afoot. It's been gaining teeth.

And we actually think constructive pullbacks into support areas or moving average, you buy them. Not here. If you're buying here, you're buying extended, which by the way is not the biggest the deal if they're going higher. And gold, by the close of the day, the GLD did not finish above the reversal high of April, but actually got a little bit above it before pulling back. We'll keep you abreast. Now, what does that mean for other things? Well,

commodity prices go up, that means cost of things go up. That's the best way I can put it. What does that mean? Don't know. We'll let you know. We'll see how it goes. But just letting you know, it's the one thing we, I think we have is a decent feel for what we call umph. O-O-O-M-P-H. How much oomph does a move have? But I repeat, commodities, You can deal with geopolitical stuff, especially oils. Up next, we'll continue on that note, much more. This is the one only investor's edge. Hello, hello, I'm Malcolm Gladwell, host of Smart Talks with IBM.

I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future.

Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building, hard things that others have not done before. Where do you imagine we are in the timeline of this technology?

There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with Condon? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com

slash quantum. Want to earn extra income for your business? Amazon Hub Delivery is looking for ambitious business owners to assist with local deliveries. When you become a partner, you and your staff will deliver

packages to customers in your area on a schedule that works for you. With each package delivered, you'll gain extra income and exposure for your business. Plus, Amazon Hub Delivery makes it easy to get started. There's no upfront costs,

delivery experience, or long-term contracts required. Sign up to learn more at Amazon.com slash Hub Delivery. That's Amazon.com slash HUB delivery. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stock up savings time now through March 31st. Spring in for store-wide deals and earn four times of points.

Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up. and go pick up or delivery. Restrictions apply. See website for full terms and conditions.

We're listening to. America is talking. Investors edge. He's got to be pleased with that. The crowd is just on its 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. So again, there's so many things. It's a jigsaw puzzle when it comes to commodities. I do know that I believe governments have been buying a lot of gold. Silver, as we mentioned on Friday to you, really popped up. Really popped up. We looked at the SLV. That's the big ETF that trades a lot.

Big breakout. It was much higher earlier today. Pull back still up on the day. Again, daily, we'll let you know. And while we are very careful, it has not been very often because we're just too careful with what we do here. Number one, we have a very regulated industry, very respectful of the regulators, and number two, respectful of you. And what we mean by that is, if you listen to us Monday on something and we change our mind on Tuesday, which by the way is part of the market, we're in recognition of that so we're very careful it is not very often if you recall the day on a

Friday before January 8th leading up to that we were saying to man if nVIDia breaks above 505 that would be a big multi-month breakout we were very vociferous with it and fortunately it worked. This commodity move, again, constructive pullbacks into support areas or moving averages. We'll be talking. And what are support areas? They're just places where every time they pull back they've held and as they ascend the moving averages ascend with it and the pullbacks into the moving averages hold and often it's a good place to probe so we'll let you know it was a decent day pulled in at the end of the day which would be as normal as normal can be right now and we'll keep you up to date as we move forward and of course oils

you never know what happens in the Hormu Strait with Iran in case you don't know the is he called the president well we call him the terrorist of Iran was killed in a helicopter crash and amazingly our defense department or just I don't know which department sent out condolences I mean this administration is, I wouldn't want to say this, but they're insane. This guy murdered and hung and raped

by this man, hundreds of thousands, and we're sending out some sort of condolences from our country? I'd take a flying leap. Department of State. It's official condolences

for the death of the Iranian President Raezi. Guys, a murderer destroyed the people of Iran. By the way, the Iranian people have been celebrating what they can, because if they did too much, they'd be shot. And while that is going on, there's something called the International, something or other, whatever, ICC. They put out a warrant for an arrest of Netanyahu and the Hamas leader at the same time, equating Netanyahu of Israel, with one of the biggest scumbags on earth. Oh, the International Criminal Court.

You can go screw themselves. Unbelievable. Unbelievable. One man defending a nation, the other one instructing people to rape, pillage, blow up, throw babies into ovens. The world's going crazy, ladies and gentlemen. What can I tell you? What else am I saying?

I think the Nvidia thing will be of import on Wednesday. We'll see how that plays out. Don't know how it plays out. Just a few things sticking out. Royal Caribbean breaks out of range today because Norwegian raised their numbers and that's been the weaker name out there. In the aftermarket, Palo Alto Network's software security is getting whacked for 28 bucks as I speak. So some of the software security stocks are coming in. A crouch strike which has been

acting well down 2% in the aftermarket. We'll see how that reacts tomorrow. And others just down a few bucks on the others. That's of note because Palo Alto is not the most unimportant name out there. And this week, just not a ton of earnings, but enough that will matter. You've got as we said in video lows tomorrow we'll see what they stack up against home depot analog devices toll brothers tj x william sonoma workday deckers outdoor desks snowflake and target now why do i want to bring up target for you my peeps the consumer well i'm going to just sit here and click and write into Google, Target lowering prices. So just letting you know is lowering prices on 5,000 frequently bought items.

Target said it will low prices on frequently bought items to stay competitive amid science consumers experiencing price fatigue. Well, we've been telling you about the price fatigue. and they are doing it on staples like milk meat, bread, fruit, and vegetables, but also paper towels and diapers. And that's good news. Now, remember something that's of import. Great move on their part. They're going to be able to market it.

They're going to make consumers feel better. And it's probably going to get some consumers coming at this. I take that back. 100% people are going to get through the stores. Of course, others will be matching it. Why is Target doing it business-wise? You do know why Tesla keeps lowering prices, right? Because they're not selling anymore at the higher prices.

You do know why a lot of high-end real estate homes are being cut down. Prices are being lowered. Why? Because they're not selling at the higher prices. Well, guess what Target is doing? A lot of these things have gone up in price. By the way, I was just in Publix the other, actually as yesterday, here in Central Florida. The chips, as I have told you, they keep shrinking the size of the bag and charging the same price. Guess what?

They shrunk it again. Go look at the big size chips now in your store. They look like almost the old normal size chips. Also, I'm noticing in the Entomans donuts, they went for $5.99. And every now and then, they do two for one. But do you know what they do now? It's now 819. So you're still saving by getting two of them, but they used to be.

So everything is up in price. Paper goods insane. and people, I'm price sensitive, I don't care how much money I have, and that's why Target did what they did. And very tough to beat Walmart. So good move on Target. Others will follow,

and I'm sure there's going to be some matching signs in there, meaning you go into another store and they say, if you find the price lower than what we sell it for, we will match it and give you a $5. certificate or something like that. Game on. That's how it goes. You know where else it's happening, kids?

Autos. There is now give in a lot of the autos. You know what we hadn't seen a very long time? Zero percent financing. I'm seeing it. You know what we're seeing a very long time?

Nothing down leases. We're seeing it. Up next. A little bit of more on that and what it means. This is the one only investors, Ed. Hello, hello. I'm Malcolm Gladwell,

host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing. Whether it's

coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology.

There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with Quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing,

visit IBM.com slash quantum. Amazon Hub Delivery wants to partner with your business. help your business, help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub Delivery. You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you,

and you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits. Earn more. Gain exposure for your business. Apply today at Amazon.com slash hub delivery.

That's Amazon.com slash HUB delivery. Know a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program. Visit Amazon.com slash hub delivery to learn more or refer a partner. That's Amazon.com slash HUB delivery. Now looking for hub partners in your area. Hey, it's Ryan Seacrest for Albertsons and Safeway.

It's stock up savings time now through March 31st. Spring in for store-wide deals and earn four times the points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery.

Restrictions apply. See website for full terms and conditions. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Investors Edge with Gary Culper. And welcome once again to Investor's Edge. So in case you don't know for houses, and this is how we get a good feel for it.

And we love, what did we ever do before the Internet? all I can say. If you go on Zillow and just put in, let's put in Lake Mary, Florida, homes for sale. Well, not only when I click on Zillow, does it show the homes and I can set it up in high to low, low to high, or whatever, I can see how many homes are for sale and I can also set price. So if I'm looking at homes above a million, how many homes? How many? many. And then I'll go to different areas and see. And then there's something in there where it says, oh, look at this one. Price cut, $74,000. Price cut, $25,000, $30,000. Here's one. $205,000. Here's $200,000. Here's one that says 172 days on Zillow. Last I looked at six and a half months.

not selling. A lot of that's starting to happen. Just let you know. I'm pretty sure we're now in the trend of buyers' market on homes. I don't know how much of a trend, we'll see. But the more homes for sale, the more of a buyer's market. There is an area in central Florida called Windermere. And Wintermere is a lot of high end

There's Isleworth Country Club, Keynes Point, this and that And what we have noticed Over the last, we'll call it six months It looks like about 200 homes Maybe even more A million and higher It used to be like 30 And what happens at that point in time?

Well, we start at the high and then we start looking oh here's one for 166 days on zillow 80 days on zillow 41 days here's one 485 days on zillow i don't know why would they keep it there 105 days on zillow 109 what does this all mean they're not selling and that's how we get a feel for markets here's a well i'm just starting at the high here's a 550 000 price cut 195,000 price cut 195,000 price cut. And then it allows you go through history where it sold last. And you will know that Fantasyland. Here's one that was going for $6.2 million, just dropped $800,000. And no, I'm not buying a $6.2 million house. I'm just making a point of what we're seeing. And we're also seeing it,

interesting enough, $500,000 and below. So for all you out there that have been looking to buy, it's starting to get there and I hear some cities around the country it's crazy how many are being put up now I heard Denver was like holy moly Scottsdale I can't even add up how many in Scottsdale Arizona for all you peeps listening KFNN 1510 man by the great man Ron Cohen so just let you know getting a little feel we do a little bit more

more than stock markets here. Give you an idea. I'm putting up Denver. Bam, Denver. By the way, I just have a million and up. If I take it down to 500,000, my goodness, how many houses are for sale in Denver. A bazillion. And what does that mean? Prices are coming down. 100% prices are coming down. 100%. You just don't know how far, but the more that go up and the more that lower prices, more lower prices even more the longer they're on the market the lower the prices come and that's how markets change just letting you know and how it works on a street if somebody's been thinking about it oh wait they see one go up okay one's up no no biggie two goes up no biggie there's this country club where near I live?

There were none recently, now up to eight in just two weeks. Do you know why? Because people that were thinking about selling saw others sell. We better get it up there. And then they get the realtor to figure out what's going to be the best price versus the others,

and then it's game on. So we'll just give you an idea, and we're bringing this up because we really do believe part of the market is the wealth effect. Part of the economy is the wealth effect, and a lot of the wealth effect is your home. Now, in 07, on this show, I told you, I thought we were having a housing bubble, and I was really worried. And we nailed it, and we found out why.

They were given out mortgages to people that breathed. I don't know if we have a housing bubble. I think we're going to have a housing retrenchment. I think there is a bubble at the high end because of fantasy prices. But I'm not seeing what I felt back in 2007. If that changes, I will let you know. Just remember, we called it big time. As we kept finding out more and more, I told you, I have a friend,

had 10 grand in the bank, got a $280,000 mortgage, even though they were buying a condo in Boka. that was only 250,000. They were able to pocket $30,000. And of course, they bought it at the height. And guess what happened after that? I don't think we're there. Not even close.

So just letting you know, give you an idea, I thought we bring that up today because we're doing our own little investigation on the housing market and what it may mean. Because a lot of people do tie their wealth to their homes. And we get it. So there's your housing thing. Stay tuned.

We'll keep you up to date. And you can email me anytime asked me about any city and we'll give you a little overview. We're smarter than the real estate people. That all said, you have a great evening. Drive carefully. When you get home, do like we do. It's quite simple. Make sure you hug your family.

Make sure you hug your children. They will feel better. You will feel better. I promise. Have a great one. Everybody. TV tomorrow. Not sure.

But we will be back here same time. Peace out all. Thanks for joining. Bye-bye. This has been Investors' Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryKK.com. That's GaryK.com. Amazon Hub Delivery wants to partner with your business.

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