Investor's Edge with Gary Kaltbaum - Megacap Day [11.07.2023]

Episode Date: November 7, 2023

https://garykaltbaum.com/

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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 well, once again, to Investors Edge. I'm Gary Colbom, your host day. Thanks for being with us today.

Glad you here, ladies and gentlemen. Happy that you are listening. Last I looked, it's November 7th. Yeah, 2020. It's a Tuesday. Hope you're having a good day. to do a show on the stock market and we still do a show on the stock market but many years ago we realized how much intertwined the stock market is with people running the show and we never you

really used to have to worry about it too much because our central bank the big moves were up a quarter point, down a quarter point, up a quarter point, down a quarter point. We never really worried about deficits, even though they were climbing. Deficits, a certain amount every year. But as long as the economy grew, we never used to worry. And we never used to worry about just utter moronic stupidity. but I'd like to say slowly and little by little that things worsened. But it's gone very quick.

Pretty much sudden. It all started with Bush when deficits started ramping up, but he was nothing. He was a piker. And then Obama, who easily took the championship belt away from Bush. And in that time, we had the worst of all world show up, Ben Bernanke. Hey, let's print money out of thin air. Let's screw the taxpayer out of $800 billion and give it to the crooks on Wall Street. Let's distort everything from top to bottom.

let's enable the Morlocks in DC to go ape crap, I can't use the other word, with debt and deficits. And then came Trump, who unbelievably easily took away the championship belt from Barack Obama on debt and deficits. Marxist Donald Trump. Gary, Trump is not a Marxist. Well, let me explain Marxism. Marxism, I call control freakism. You know how politicians control? You know how they are control freaks?

When they don't have enough money coming into the treasury, even though they have a ton coming into the treasury, they just create a lot more debt. And then we got Jay Powell, who made Ben Bernanke look like a piker. In between was Janet Yellen. And we have found out what she was calling for global taxes. What, we're going to pay taxes to other countries?

She's telling us the economy is great. While our government's running over a $2 trillion deficit, I want to vomit. And we're starting with this. Why? Just to make sure your feet are on the ground while the market's going higher. And we will tell you what's going higher. We're going to guide you in what's going higher. We're going to guide you on what's doing well.

And as you know, last week, the market confirmed a low of unknown price and time that happened on Wednesday. And since with warts, it's getting better. And it is getting better for two simple reasons. And we'll get to that in a minute. But first, if you do not get this radio show in your side, City. We'll post it at garyk.com. We'll also post it on our Twitter feed, which is now X. And you should be following us on Twitter. Just go there, press the button at garyk.com and follow or go to Twitter, which is now X, put our name in and press follow. You can email us, just be nice.

So, which gets us the segue, because that's what we do a lot of. First things first. Unfortunately, our worst, our worst of predictions came true yesterday. An innocent bystander was, looks, it's a homicide they're calling it, is now dead. A man looks to be in his late 60s, early 70s, looks like was hit in the head with a megaphone by somebody on the other side, landed on his head, he's dead. We said to you, we're worried about tragedy. And we got one.

We warned you. Nothing changed. Israel's putting the hammer down. They're finding ammunition under mosques, hospitals, schools, playgrounds. They're finding terrorists at all those places also. So everything they said about the terrorists has come true.

Now, I want to finish up on this part by stating I have been watching people tear down posters of the kidnapped. I have been watching protests of people. I have absolutely no problem with anyone standing up for people. Palestinians and their safety. The ones that applaud Hamas should rot in hell. The ones that are showing Nazi signs should rot in hell. And unfortunately, we found out it's more than a few. In case you did not know, this started up, not in the last week, started up October 7th, when the Jew haters came out the same day the terrorists did what they did, these animals. And we have given you a laundry list of what they have done.

I don't know if you remember the Iranian hostages long, long time ago. The country got together and backed them up. Now we have American hostages and hostages, and they're being spat on. and I don't know where these people's thoughts have come from. They're full of crap. Whatever they've been taught has been full of crap. But I don't even blame the teachers. The teachers can go screw themselves.

Anybody can go and look up that Israel left Gaza in 0506, handed the keys over, and what did they do? All the money went to Hamas, took it from the people. The people were spat on, crap. If you're gay, you're dead. If you say the wrong word, you're dead. They raped women. They did missiles into Israel.

And they're being applauded. We will give no quarter to anybody who backs that up. They can all kiss mine. And we'll finish right there. Israel has told President Biden, who's like, wants to, hey, slow down. and you tell that to the kidnapped slow down you tell that to the raped women

and oh by the way the raped babies no really you know we they use the word depravity you can't even use that word for what these people did people what these animals did

so we will give absolutely no quarter and now we segue again because that's what we do and it's kind of tough to just go segue so easily into another, look what Wall Street did to you again. And hopefully you listen to us. We work.

In case you don't know, it's a workspace company, they would rent out a bunch of area on a building, and then rented out to other people, and they were renting out to young kids and small enclaves of offices. and while the good was going, we actually said on this show, this thing is dead in a downturn.

It's dead in a downturn. And we came up with the thought process, number one, they are paying too much and not charging enough. That's how you go bankrupt. And we knew it. And they had problems. Up next, the outcome.

As we segue, this is the one only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. 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 financials. 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. 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 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 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.

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. So, we find out WeWorks having all kinds of problems, all kinds of trouble. They lost their CEO. You can go look up the story. I guess there was some, I don't know what he did. And I'm not even going to go into what he did, but there was some things with the CEO. and he wasn't doing the right thing or whatever, whatever, whatever. But the bottom line, the company was losing tons of money.

Tons of money. That didn't stop Wall Street, letting it get back up into the public domain so you can buy the stock. As a SPAC, the stock is down since then 99%. they're going bankrupt. They're going to be in nothing. It's not even trading anymore. And we just need to let you know the people that brought it public back again as SPACs knew it,

and they still screwed you. That's where it is your job to recognize what we have been telling you for a very long time. And I'm ashamed to even say it. You see, Wall Street has done great things through the years. It is created massive amounts of wealth. Public companies have created massive amounts of wealth when not screwing you over. Walmart, you have cashiers that are now managers making good coin

and have collected stock options throughout the years and are millionaires. and I can go on and on for hours about the great things that Wall Street created, but unfortunately, in the last 15 years, make it 17, because you've got to go back to 2005 when they started the mortgage-back securities crap. I don't care what these multibillionaires of these investment banks say. I don't care when they go to Jackson Hole to do their speeches or to Davos to tell you about what's going on. There are so many that are so full of crap, I can't even begin to start. And they end up in D.C. DC ends up on Wall Street. And they are lying, thieving MFs.

And I hate saying it, but this is what's been going on. I can't go to exactly when it started, but the death of good Wall Street started a couple of years before. Oh, wait, the death of. And I'm not implicating everybody, but I'm implicating a lot. I see it every day where, you know, you get. where I'm coming from. And they do it in plain sight. We work. They brought that, they brought that crap out knowing they had no chance of staying as a going concern. On top of all the other spacks that basically gave you the big gigantic middle finger when most of them, there are a few

outliers had no chance. And as I have told you, I started in this business at a penny stock firm. We used to do these blind pools. They call them SPACs now. Our companies that we merged with the blind pools back then at the penny stock firm that censured and fined for it make the companies they merged in the last two years into Warren Buffett-type companies. That's how bad the companies were

over the last two to three years that they put into SPACs. And that guy who became a billionaire, Chammoth can go screw. Because he was ground zero and he was smart enough to sell off a crap load of stock to make his billion and got out before

all hell broke loose because they merged companies into the SPACs that sucked. And you know what? I'm being generous. And they also lied. Everything was an electric vehicle or battery company because that was hot. And that's the only reason they made up electric vehicle and battery companies. Where NKLA, the guy was indicted. I don't even know if he went to jail or not, or if he was found guilty, I haven't followed it. He was indicted for just absolutely lying about contracts that were not there. And what was the other one?

Ride, simple ride? Let's see if that's still standing. Nope, that's not even trading. And they knew. And they knew. So we just want to make sure keep your feet on the ground. We're going to guide you through the morass of the market. Good and bad, bad and good.

which takes us to the next segue. What is the one area in the last week or two we've been saying to you? We're very wary on, the oils. And the reason we were wary on is because every day more names were breaking down while other names were holding up. On top of that, we saw oil prices topping out. They crammed them big time. again today. We hope you listened. That's our goal with just a radio show. What not to be in. We'll let you know where the leadership is. But if you can first and foremost know what not to be in,

because they're in bearish phases, bearish markets, whatever you want to call it, and up until last week at the beginning of the week, right before they leaked, the central bank leaked to Wall Street, 80% of the market was in downtrends, and we were telling you one by one what to avoid. That changed on Wednesday when we told you you got one of those follow-through days confirmation rally

and we'll see where it takes us, and it's basically improved with warts. What do we mean by warts? Well, we've been warning to you for a long time about advanced declines not good and all the money going into big cap while the small caps are dead. You need broad markets. But that said, while the going is good, we're going to let you know what's cooking and what's not.

so why all the oil prices are heading lower and oil stocks got trashed today and interest rates that were up a stick yesterday dropped a stick today got some potential here we'll explain up next on this the one and 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 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 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 Spreker.

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's 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. 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 Colbomb. It comes highly recommended. You're going to feel better if you talk to him. So, a really. really good day that oil prices dropped three and a half bucks and the 10 year yield dropped almost the stick. That's great news. And may I state for the record, the 10 year yield bounced off the 50 day moving average yesterday

and right back down today. And I think there's a chance here. It's going to break the 50 day. And if it does, that means it's going lower. And that's good news, I think. But a word to the wise. when we had before we had that last leg down in the market we had this little rally up all we owned was mega cap tech we bought three things we made money on two i think we lost eight cents on the third and then the

market got trashed again well guess what's already leading again let me explain the nasdaq was up 121 today, the NASDAQ 100 was up 141. The Russell 2000 was down, the mid-cap 400 was down. The advanced declines on the NASDAQ were 1881 up 21-21 down. In other words, Amazon up 3, Apple up 2 and a half, Adobe up 20 and change, Broadcom up 17, Facebook up 3, Microsoft up 4. That's what we mean. other area that lit up like a pinball machine today in that software. And I tend not to really ask why, but I do tend to investigate. There was a stock called Datadog or Datadog, symbol DDOG. The stock was up 22 bucks today to 102. It's a computer software company.

The old high was in November of 21. It's still down about 45% from that high. But amazingly, on top of Datadog, in sympathy, MDB up 10%. Snowflake, 10%. Others 3 to 5%. It's not like Datadog is Microsoft. But under the heading, it's not the news. It's how things react to the news.

You had a very good day in software today. Software stocks. And when you have a chance, you go look at the IGV, which is the software ETF, and you will notice, it is middle of the range, pretty much going back to June, July. Boy, if it can break the hell out of range to the upside, that'd be great. So just letting you know, another very big, Big Cap, mega cap day.

With warts. We would rather see much stronger advanced declines, much stronger stronger participation. But hey, if anything's working, that's good news. Also, take away the oils. And by the way, other commodities, too, which look like they're topping out. Coal topping out. Big time.

Remember I said 80% of the market's been in downtrends? well they all pretty much came off their lows recently but still way down the hope is it's building on those stair steps that we always talk to you about stair steps up four down two not up to down four and I'm just letting you know not a guarantee but there's a chance here we can get that because I am noticing the pullbacks on some of these places and some of these areas have been nominal

and I want to be able to see if this little first stair step up and this little pullback that did not come back down to the lows takes another stair step up because if it does more gains notice the if

notice the if and I repeat I want to see this thing broaden out I like to come in here and talk about a daylight today where three up one down

and on the New York today 17 up 22 down I'll give you the exact 17602 up 210089 down while the Dow was up 56 and the S&P was up 12 transputs were down 64

So just letting you know, it's mega cap again. It's bigger cap again. And it's some software again. New Yearly High List? There's not much. But the names, you ready? Decker's Outdoor. Crowdstrike, Adobe.

Hilton Hotels hit it. That's been the strongest hotel. Service now, raw stores, Uber, off of earnings. Hit a new yearly high today. Checkpoint software? Sintas. What do they make the uniforms? New yearly high.

So there's a few. And to be clear, New yearly highs beget, New yearly highs. So we'll keep you prized. We'll stay on top of it. And man, oh man, if yields can start heading back

before it's four percent, I think that'd be good news. Now there's a group of people that think the reason why interest rates are coming down is the economy is getting in trouble. Well, I think there's an issue with the job market right now. Housing prices are coming down in certain areas now. We'll stay on top of it. I'm not there yet. We said two months ago we thought we were on the ledge.

I don't think we've fallen off the ledge yet. We'll let you know if we do. Because then, what if the markets start going down while interest rates are going down? Because they're indicating, we'll see. Again, we'll stay on top of it like we always do. but the one thing that sticks out like the big sore thumb, energy, oils, bye-bye, worsening, good news at the pump, going to come down even more. Yay, fundamentally, that is just sheer good news.

The other thing we do now, with the market rallying a little bit, what ain't going? or what's being lifted up by the market and still laboring. That's another part of our measuring of the markets. And we'll be able to tell. That's really simple. If you're at a new yearly low list, as the markets rallied up, oh, it's a problem. The other part of the equation, we just had a couple of thousand earnings reports. There's not a day that doesn't go by that we stay on top of them.

And see reactions. We're looking for the best reactions with the best earnings. And I must tell you, there have been a few reactions that have been good. On terrible earnings. Go figure. And losses. We've never understood that. We always felt, if you want to buy a stock, don't buy a company that's losing money.

But in good markets, you can get away with it. In bare markets, you get trashed. Right now, got a little uptrend that started last week. Let's hope it goes for a while. Again, as we always tell you, we have absolutely no clue how long it lasts or how far it goes. But definitively, another mega-cap day today with software off of Datadog. or data dog or what have you

we'll be spending a few minutes on that tonight to see did they say anything or did anybody else say anything to light up the rest up next this that and the other thing or whatever else this is the one the 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 chafed thanks to four times more stretched 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 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.

You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In The Hester's H. With Gary Culpa. By the way, you know, I've been looking at articles on WeWork.

they're pretty laughable they really are they really are laughable if me Gary the Dufus saw this coming miles away some people acting like oh surprise just so you know

they were valued at 47 billion dollars at its high and they were still valued at 9 billion dollars when they went public again as a SPAC two years ago. The market cap before it stopped trading yesterday, $45 million a Friday at $0.84, and it's a zero. They have some sort of restructuring agreement with the 92% of its secured note holders. We'll see how many pennies they get on the dollar.

Stunning. Little doofus me saw it coming. Years ago. all you had to do what's one plus one that's what we do here we add up one plus one and we get two

Bitcoin just letting you know strong just letting you know I saw somebody taking a victory lap on it I guess it's the person who runs micro strategy

that just owns Bitcoins. Terrific. I'm happy for anybody who sees things go up. That's all. That's all. It's still trading where it was in 2020. No gains for three years. And off the highs, big time.

50%, some like that. That's not mentioned. And I just want to remind you of import, just in case because I'm getting emails again from people. I've got to own Bitcoin. When it was in the crapper, I didn't get those emails. Isn't that interesting how that goes? There's nothing to it.

There's nothing behind it. They BSed you when they said people are going to trade Bitcoin for products until they tried it and the retailers were sick to their stomachs when they would collect Bitcoin for a car and it was down 20% in a week. So it's not that. There's no earnings. There's no sales. There ain't squat.

It's just a trading vehicle. We want you to remember that. That's now in an upswing. For whatever reason, we don't know. Enjoy it. We'll let you know if it goes into a down swing again. And do not forget. The count is now 30,000.

The Morlocks came out with 30,000 coins and hoping to mimic Bitcoin. And they're all zero. Bubbles. We want you to remember that. We're not telling you to buy, sell short or cover it. We're not here to sway you from anything. But we are here to tell you facts. There's nothing behind it.

You got that? There's nothing behind it. You see, when I pull up Chipotle, I can tell you they sell almost $10 billion worth of burritos and chicken and beef bowls and guac and those weird drinks. I can tell you they earned $42. a share in the last year times 27 million shares outstanding. They made a billion dollars. Is that about right? My rusty abacus. I can tell you that. I'm still waiting for one of these shills to answer the question, what backs Bitcoin?

What is value based on? And this creep from micro strategy says it's going to go up. 900% from here. I just hope you're not the person that pays when it's up 900%. Sure, it's going to go up 900. Just like Kathy Wood said, it's going to a million by 2030. Yeah, it's going to go up 30-fold in seven years. Because everything goes up 30-fold in seven years.

So again, we're not telling, if you own it, I hope it keeps going on. We just want you to remember the fact. There's nothing behind it. There's no earnings. There's no sales. There's no squat. And you know how you know? Ask them.

All you got to do is ask. What backs the value of it? So we had to do that today. Why? I'm getting a bunch of advertising emails again. I'm getting a bunch of them. And just remember what these creeps do. When something gets hot, that's when you get the advertisements.

That's what they're good at. Until it blows up, and then you don't hear from them again, until the next something hot shows up, and you get that. I used to get all kinds of advertisements on GameStop. I don't get them anymore. I don't get anything on marijuana. of stocks anymore. That was the hottest thing going. God invest in weed. Want you to remember all this. The most important thing you can do when it comes to you and your money is protected from the

bare markets and the Morlocks. And there's a lot of Morlocks out there. That all said, you have a great evening drive carefully. And when you get home to like we do, like we do, quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. And just remember, we do this for us and you and us. Hope you're listening. We mean business. Same time tomorrow. Have a good one. Good night. This has been Investor's Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.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.com.

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.