Investor's Edge with Gary Kaltbaum - Lower yields, lower oil [06.04.2024]

Episode Date: June 4, 2024

https://garykaltbaum.com/...

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Starting point is 00:00:26 That's Tommyjohn.com, CodeCompert. 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 day. Thanks for being with us today.
Starting point is 00:00:47 Glad you here, ladies and gentlemen, happy that you are listening. It is Tuesday, June 4th, 2024. Hope you're having a good day. Let me start out by saying Thursday's June 6th, D-Day. If you have never been to Normandy and surroundings, do everything you can to learn about it and then go there. I have done it now twice. And speechless, for lack of a better word, you watch saving Private Ryan, But it really, and it's very tough to watch at the beginning, but it really does not play into what actually happened.
Starting point is 00:01:44 They narrowed saving Private Ryan and the landing on the beach to like something that lasted a few minutes when it lasted hours. And the climb up the cliffs, when you go to Normandy and the surrounding, you got to see what these men had to go through. and then there's the American Cemetery, the hedgerows, Omaha Beach, all the surrounding areas, as well as the little towns, if you have a chance, go do it.
Starting point is 00:02:21 D-Day is Thursday, and I have to tell you one of the best places I took one of my sons. The other has not been there. I plan on it, but he's having a baby soon. By the way, I think I told you I am not going to be a grandpa. I'm going to be called something else around the first week of July.
Starting point is 00:02:47 Hey, yo. Okay. In case you don't know, this is serious talk on everything that affects you. And we don't screw around. We have no bias, no agenda, no ulterior motive. We always used to talk markets, markets, markets, markets, markets. We used to have CEOs on. We had some major CEOs on this show.
Starting point is 00:03:08 We had politicians on, and we just got tired of hearing. Everything's great. Everything's wonderful. I'm the greatest. And then it started, you know, the takeover of the government of us. First slowly and now swiftly. So we just have to do a lot more of that. as we go forward. And as you know, I've said this election is the Ebola virus versus the bubonic plague.
Starting point is 00:03:43 As you know, I have stated to you that the choice, though, is binary. As you know, I have said to you, we cannot have another four years of what Joe Biden is doing to the Treasury. He's murdering us. and it's very simple. Spend us into hell and then come after us with the taxes. And he is proposed amazingly. Amazingly,
Starting point is 00:04:14 he is proposed taking long-term capital gains from 20% up to 44%. He has proposed the utter stupidity of unrealized taxes. So in other words, if you've made money on your securities throughout the year, but you have not sold. You have to pay taxes if it's up, which means if you don't have the money, you're going to be forced to sell, and the market could snowball.
Starting point is 00:04:43 The man is a doofus. He is also proposed, but has already backed away wealth taxes. And of course, the big freaking lie. we are not going to extend the Trump tax cuts, but don't worry, only the wealthy will be affected. A lie. Every tax cut goes away. So anybody who got a tax cut, which is from $1, doesn't matter how much you make, how wealthy are, your taxes go up. And they're trying to say no, but it's a lie, and they're very good at lying. They're fabulous at lying.
Starting point is 00:05:31 They make Trump look like a truth teller. The bottom line is you can't pick apart a bill and say, oh, we're going to keep that one in. It's either all or nothing. So that binary choice, well, you get my point. So we're going to keep talking the talk because the latest is now he's going to do something about the border. And we just want you to remember that for three years, they opened the border wide, like a big, gigantic mouth of a shark, and millions of people flooding in. And we have no clue half of who a ton of them are.
Starting point is 00:06:26 The head of Homeland Security has said, we're not sure. You know, the word gotaways. That's exactly what it means. So he's now, he told us for three years the border secure, and by the way, once it got bad, there's nothing we can do about it. But then he saw the poll numbers on immigration where his poll numbers are worse than root canal and jock itch. So now he puts in an executive order today. Finally. But it doesn't do squat.
Starting point is 00:06:56 If the legal crossing surpassed 2,500 a day, which have been going on since every day, his presidency, a ban would go into effect. Hey, great. $2,500 a day. So we're letting you know the nightmare of Joe Biden continues, the lies of his continues, the takeover of our lives continues, and what do you mean by takeover? Two trillion-dollar-year deficits, and then he's coming after you. And when he tells you, oh, we're going after the privileged few, you know, the wealthy, the mega wealthy, the successful. No, he's going after you. Why? A, number one, the Trump tax cuts, but B, what do higher taxes do?
Starting point is 00:07:50 What do higher taxes do? Let's say they started 200,000 a year, 300, 400, what do they do? It means as you get bigger and better and more successful, he's got a machete out cutting you off at the knees. And in certain states, we're talking in the 50s. In the 50s, you've got to work into the month of July or August in some blue states. It's sheer insanity. So as we get to the end of the year, we're going to cover it. We'll cover Trump also.
Starting point is 00:08:26 As you know, we talked about this latest thing in Wisconsin that was on 60 minutes, which nauseates the hell out of me. But again, we got this binary choice. so we'll see how it goes lastly and then we'll get into markets and commodities and J-Lo and Taylor Swift J-Lo and Taylor Swift
Starting point is 00:08:47 yeah we'll do that later we talked about Fauci yesterday and people were thinking we were just defending this guy Fauci no we were offending the people
Starting point is 00:09:06 that just makes crap up and all I know is in real time 1.1 million people died and in real time nobody knew what the hell was going on and in real time really to try and figure out what to do
Starting point is 00:09:25 and to think all of a sudden he's the antichrist because the CDC said six feet or masks and we're told now well they didn't know and maybe it didn't work or this that who the hell knew people were dying my neighbor died
Starting point is 00:09:43 people I knew died. On TV, we were seeing mobile morgues. People dying. I didn't expect them to get it right 100%. I didn't expect them to get it right 50%. But when all was said and done, it got over. And I was just watching some people today saying, oh, it was the worst reaction to this. Reaction, nobody knew squad. It was brand new. so we're not defending a person we're defending the whole thing and all i know is we got out of it god bless and if you didn't lose any loved ones that's a great thing and hopefully they learn from it and do better let's hope it never happens again but if it does learn from whatever mistakes there were
Starting point is 00:10:45 and of course there were mistakes from everybody. It was a moving target. That's my Fauci. And now we move on. So we segue as always pretty quickly. Up next. Economics versus and yields. Up next on Investors Edge.
Starting point is 00:11:17 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 goals.
Starting point is 00:11:59 Understanding not all individuals have the same needs, will 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 8-8-5-59. That's 888-4-22-55-59. Investment advisory services offered through call-bomb Capital,
Starting point is 00:12:32 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.
Starting point is 00:12:55 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.
Starting point is 00:13:17 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 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,
Starting point is 00:14:00 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. It's time to switch on the integrator units and get the brain cells working. You're listening to
Starting point is 00:14:33 Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. Okay. I'm going to explain this in the best way I know how. And I think I can explain it where your 12-year-old can understand it.
Starting point is 00:15:01 In the markets, we believe the stock market. has open ears, and we believe it has a big mouth. We really do believe the market flushes things out early. We have seen it time and time and time again throughout the years, and sometimes there are extremes. Back in 2007, and throughout 2007, financial stocks were underperforming badly. And I remember to the point where,
Starting point is 00:15:48 and we're talking big banks and things like that, they started leading the market down. And then I remember the Dow rallied a thousand points and the financials could hardly budge. And I was thinking to myself, there's something wrong with the financials. So we would come on to this radio show and whoever follows us and telling them there's something wrong with the financials. We have no idea what it is, but man, it's really weak. And then after the Dow rallied a thousand points, the financials led down, led by these major league got to own for life big banks. And at the end of the road, Merrill Lynch, Bear Stearns, Wachovia,
Starting point is 00:16:46 Countrywide Financial, Lehman Brothers, whoever else went to zero. City Group was going to be a zero. They saved Citigroup. They made a decision not to save Lehman. And in case you don't know, Citigroup stock right now is trading at $61.
Starting point is 00:17:07 But it's not. It's trading at $6.10. It did a one for ten split. It's still down 90 some odd percent from back then, 0708, because they had to do a whole different thing of a bob and got diluted up the wazoo. So that was a time where there was this extreme market yelling and screaming, something was up with a certain area. And then there were moments in time where we're headed for a recession,
Starting point is 00:17:41 if not a big recession. And all we know is from our studies, and I'm looking down right now at a bunch of boxes, in those boxes, in my office, are folders. Here's one that's titled, Commodities, April 29th of 2009. It's just a bunch of charts of commodities, and I'm giving you a area and a date. we have gone back to what the market does before recessions. And basically, basically, every time what tops out, transports, what we call economically sensitive stuff.
Starting point is 00:18:34 We're talking construction, building, things you build with, machinery, tools, chemicals, and the like. I think you get my point. So we're always watching that not to hear an economist tell us about an economy, because a perma bear on the economy will always stay a perma bear, a permable, we'll always stay a permable, but we're always looking to see what the market's telling us.
Starting point is 00:19:16 And all we know is a while back, the transport stopped. And then all of a sudden we get a GDP report, that's 1.3% down from the threes. So the market was flushing out the GDP already. But since
Starting point is 00:19:41 the transports have gotten worse, housing is topped, and mind you remember the word housing when we come back to Yields, building slash construction has topped, tools, machinery have topped, with some of them not just topping off a top
Starting point is 00:20:05 but going into their second, third, and four, Stair step to the downside. When you have a chance, go look at a symbol called BLDR. It's just called Builders First Source. They do about 15 billion in revenues. Building products for residential new construction. With 214 in March, it's 146 today. And has broken a couple of areas of support.
Starting point is 00:20:34 and as we go through every day, there's more names. I can give you symbol after symbol, stock after stock, that have been breaking down. And now, recently, what did we tell you a while back with oils? In fact, we told you it was right around second week in April. we're worried about the oil's topping. And then they topped, they broke, they sat around, and broke again to the downside.
Starting point is 00:21:17 And what's happened? Now oil prices are plunging. Now that's good news at the pump. I can promise you, if nothing changes from this second, in about 10 to 14 days, prices at the pump are going to be cheaper, except for like a California that keeps raising gas taxes because they're insane there.
Starting point is 00:21:41 And what else is happening? Steel, aluminum, copper, and all that stuff that were bullish have not only turned down, but they're turning down pretty good. Putting into question, D-E-M-A-N-D. Is oil prices tanking? Are commodities tanking? Are uranium and copper and aluminum tanking? Are all these economic areas tanking based on the market sings something about the economy?
Starting point is 00:22:27 Housing, thinking. And we're bringing this up because yields are also tanking. The 10-year yield has dropped in four days from 4-638 to 4336. It doesn't sound like much, but it's a lot. And during that time, housing stocks have been breaking down more when normally housing stocks would move higher on lower yields. You catch in the drift? Up next.
Starting point is 00:23:05 We'll continue along these lines. Then today's market, I'm Gary. 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-draw fly is a game changer.
Starting point is 00:23:45 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. 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.
Starting point is 00:24:21 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 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 cousin swears are the next big thing.
Starting point is 00:25:03 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. 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.
Starting point is 00:25:34 With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. So, all it does is having us ask questions, wow, yields are just tanking, but so we're housing stocks. Yields are tanking, but so we're building stocks. yields are tanking but so are construction stocks yields are tanking but so are transports yields are tanking you catch the drift yields are tanking
Starting point is 00:26:13 and commodities are tanking huh now takes me to the next part of the equation doesn't yields tanking and oil prices tanking could the market being look above the the look beyond that mountain of the yields and oil may be saying demand dropping to, hey, easier money going forward. Well, today, we had another one of those days where it was weak and finished with the Dow up 140. S&P only up eight, though.
Starting point is 00:26:57 NASDAQ up 28 after being down about 80, NASDAQ 100 down 53, but the transports were down another 140. commodity stocks were trashed economically sensitive stocks I can go through a litany of what they look like yikes oil stocks blasted also and may I add
Starting point is 00:27:24 retail hit hard today with the Dow up 140 semiconductors at a rough day but off the lows and in case you don't know in spite of AI semiconductors are very economically sensitive. Something to watch closely.
Starting point is 00:27:49 The good news is the S&P, the NASDAQ, and the NASDAQ, and the NASDAQ 100, all three remain above the 50-day moving average, and we call them in shape. The Dow, which has been weaker, is close to the 50-day. It's trying.
Starting point is 00:28:11 So the big indices, no issues. The small indices are lagging again badly, as usual. And a lot of these areas are getting smoked. Smoked. Now, the good news for somebody who really watches things, we'll see what comes out of it. We'll see what comes out of it. The leadership will show itself.
Starting point is 00:28:49 If these economic areas turn, we'll know it. But here's a day, another day. And by the way, this is not the first time we've brought this up. It just got more accentuated today. We don't try to guess here. We don't try to predict. But based on precedent, I would suggest if the market flushes out, just an economy that softens down to flatline.
Starting point is 00:29:22 Let's say we get GDP at zero, no growth. I don't think that'd be the end of the world for the market. But if the market flushes out something onerous, I would suggest they're going to take most everything down. But I am not seeing that yet in any way, shape, or form when you look at the big indices. Now, when you look at other areas, as I stated, ick. And by the way, they got gold and silver too today to a pretty decent extent. So those are the numbers.
Starting point is 00:30:00 And in the Dow today, you know, they went after the United Health was up eight. Boeing was up for acting a little bit better. I mean, the stock's been in the brutal bear market since like 19, those two tragic crashes. And they're mishandling of it. but nothing really down except in the Dow Caterpillar. Guess what Caterpillar is? Pure economics. Probably our number one stock to watch, economic-wise.
Starting point is 00:30:32 Number two, as we always told you, United Rentals. And United Rentals has been under some serious pressure. So stay tuned. We asked a bunch of you, we asked all. of you to send us your thoughts on your industry and jobs and I can tell you about seven out of ten or worried I had one that said things are going gangbusters and it happened to be guess where that energy thing and two were so to be watched we had the thought process a while ago that we were slowing down economically we had that thought process I think we're in the midst and now
Starting point is 00:31:24 how much we don't know. I can tell you the Marxist and Chief Biden is just peddle to the medal on spending and deficit spending to keep things moving, building
Starting point is 00:31:40 his government into this job. You have Janet Yellen standing by not giving a crap about our treasury and knowing, got to keep yields
Starting point is 00:31:53 down so she's funding the government when bonds mature with short-term bonds in order not to sell long-term bonds to keep things down. They're doing
Starting point is 00:32:10 everything possible via the government to win the election. That's what Marxist, socialist control freaks do. And that's a of the market, ladies and gentlemen. Very weird.
Starting point is 00:32:30 My economic screen looks like the south end of a northbound jackass. And I really can't tell with the Dow 140 what was up that much, except some down names. And of course, NVIDIA was up 11. Because NVIDIA is just an insane asylum right now. Actually, it was up 14.
Starting point is 00:32:53 It's actually down two bucks in the air. after market. So therein lies your story. Tomorrow is another day. If anything changes, we'll let you know. You can't hide markets and what they want to do. We'll look for the setups. We'll see the setups.
Starting point is 00:33:12 Close our eyes, hold our nose and pray. No, we won't. We've tried that. It does not work. And that's your market. What benefits from lower oil? You know, it's been strong the last couple of days? cruise lines, some of the airlines. Why? What's the biggest expense of cruise lines and airlines?
Starting point is 00:33:38 Oil. Oil prices plunge. The thought process is, hey, profits will be better. Just trying to put little two plus two equals four together. What else is showing some strength? Just letting you know. Coca-Cola. Showing strength. Dr. Pepper, show in strength. Why would that be? Well, what does best when the economic slows down in the markets? Normally, they're called recession-resistant areas. Food, drug, beverage, tobacco, how so products? Speaking of tobacco, guess what's at New Yearly Highs?
Starting point is 00:34:21 Philip Morris? An Altria Group. Philip Altry Group manufacture cigarettes and tobacco products. Philip Morris? The same. You know. let's get rid of the tobacco, but let's legalize the marijuana. There's an ad in Florida about the legalization of marijuana.
Starting point is 00:34:40 You know what the ad is? You know what the marketing is? We can watch it closer if it's legal. Yes, thank you. We appreciate it. Nicotine bad, weed good. We like a lot of stone people. I gather people in government are buying Doritos and macaroni
Starting point is 00:35:03 and cheese futures for them munchies. Don't you love the thinking of government? They're just fab. May I state for the record. I mentioned at the beginning of the show, we're going to talk Taylor Swift and J-Lo. Jennifer Lopez. What the heck does that have to do with anything we talk about?
Starting point is 00:35:31 Well, it is everything we talk about here. About great and not so great. demand, strong, or weak. That's up next. It's the one the only investor's edge. 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.
Starting point is 00:36:33 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.
Starting point is 00:36:56 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
Starting point is 00:37:28 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 Sprinker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Sprinker helps you monetize your show with ads, meaning your podcast might
Starting point is 00:38:03 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. You're listening to What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action!
Starting point is 00:38:25 In The Gester's Edge. With Gary Culper. Hey, let's talk logic first. This clown, roaring kitty, and I don't know him, but if I met him, I'd have three words for him, and that would be cut the crap.
Starting point is 00:38:56 And I think I'd use the other word. Because what he is causing is people losing a lot of money. The latest, remember what I said? I'm wondering if he went upside down and was losing his arse. When he went out and put up videos and had the stock go from 15 to 6483, right back down to 17. causing all kinds of problems for people that bought high. So what does he do?
Starting point is 00:39:29 He comes out with ownership. And I don't know how he ended up with a, I guess they're saying, 100 million bucks of GameStop. They opened it up at 40.5 yesterday. It's 26.5. Let's see. That's $14 on 40.5.
Starting point is 00:39:48 34, 35% drop in a day. so we hope you listen I really do believe you're dealing with a nefarious piece of crap I'd say it to his face he knows he has influence he's taken advantage
Starting point is 00:40:04 of all and I hope he goes by the wayside like the dodo bird more importantly as I have told you I have no clue what this stock does I don't know whether it goes to
Starting point is 00:40:19 100 tomorrow or 10 what I do know is ultimately they all go back to where they came from and just please be smart that's all we ask of you please be smart they opened it up at 6483 a couple of weeks ago they closed it at 48 within five days it was 17 and change then he pulls a stick again they opened it at 40 and a half yesterday it's already 26 and a half the company their business is heading south they had to do a secondary which dilutes the stock and by the way the other meme stocks crushed from the open yesterday also So just watch yourself.
Starting point is 00:40:53 We're not telling you what to do. We're not telling you to buy, sell, shorter cover. It is your money. But somewhere along the line, you've got to take the information at hand and realize this guy, I'm sorry, this ain't a good guy. That's all. And he's taken advantage of a company with a big, short position. but anybody who's getting in late is getting squashed. And I fear that there's another run in the stock.
Starting point is 00:41:32 I actually fear that because I know what's going to happen at the end of any run it has. Eventually, it's going to go where it should be valued. Next, why do we own NVIDIA? Well, demand has skyrocketed. If it was a restaurant, I saw a video the other day of, I'll take that back. There is a gelato place in New York City called Anita Gelato, A-N-I-T-A. Walk past it any time a day and especially at night, there are 50, 100 people waiting 45 minutes to get gelato.
Starting point is 00:42:19 demand demand Taylor Swift demand sells out everywhere in the states by the way if you want to go see Taylor Smith
Starting point is 00:42:39 Taylor Swift go to Europe it's much cheaper in Europe than here but you have to fly to Europe but she sells out everywhere demand this is not to put this young lady down. We're just
Starting point is 00:42:57 talking business. Jennifer Lopez just canceled her tour. She said it was to be with family. We take issue with that and we hope everything is fine with her and her family.
Starting point is 00:43:13 We hope this is not about ill will. But Jennifer Lopez is canceling her tour because she can't sell tickets. A lot of the venues had a ton of empty seats and she decided just too much. Why do we own Nvidia and why don't we own Tesla? Nvidia monstrously strong demand Tesla monstrously weak demand as the industry goes south as the
Starting point is 00:43:49 governments that have tried to force it upon people have found out that people may not want electric vehicles and go screw, even with taxpayer funding of $7,500. So we just want to point out to you two people trying to sell tickets. One, boom, the other, see ya. And that's how we look at stocks. We're always asked on TV, and we're always talking about by greatness. Stay away from failure.
Starting point is 00:44:28 And we're not calling Jennifer Lopez a failure. But if she's trying to do a venue of 50,000 only gets 20, it doesn't look that great. But I'm not sure if she did arenas or stadiums, to be honest with you. But I do know definitively tickets were not selling well in many areas. So we're just letting you know how we look at things. Why don't we own Tesla? Well, sales last three quarters, last four quarters, plus 47, plus nine, plus three, minus nine. NVIDIA, sales, 101, 206, 265, 262.
Starting point is 00:45:07 That's what we're talking about. It's the Kmart versus the Walmart. That's what we're talking about. Why are there no Kmart's? because they left their business for dead. That guy Eddie Lampert, who bought into them, did not do anything with the stores. And as we've told you in Lake Mary,
Starting point is 00:45:28 we had a Kmart, we had a Walmart and a Target. You went into the Kmart. It was dingy, it was dirty, shelves were empty. Nobody was helping. You go into Target. It's beautiful, bright red. You go to Walmart. This nice man or woman is greeting you.
Starting point is 00:45:41 Prices good. Do you go to Kmart? No, they shut down. And the same thing goes for crappy restaurants. versus good restaurants. So we're just letting you know just a good example of demand. And again, we're not here to put anybody down. God bless her.
Starting point is 00:46:00 I hope things work out for Jennifer Lopez and she can do concerts and sells them out like crazy. We're just making a point. That all said, 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.
Starting point is 00:46:17 They will feel better. You will feel better. I promise. not short TV tomorrow. Serenity now. Bye-bye. This has been Investor's Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com.
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