Investor's Edge with Gary Kaltbaum - Megacap parking? [03.25.2025]

Episode Date: March 25, 2025

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Starting point is 00:00:26 That's Tommyjohn.com, Code Comfort. Tommy John. Comfort perfected. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. A thanks for being with us today.
Starting point is 00:00:47 Glad you here, ladies and gentlemen, happy that you are listening. It is March 25th, 2025. It's Tuesday. Hope you're having a good day. We're at the end of quarter. a quarter window dressing in a very rough quarter. And I can guarantee you the biggies are going to do the best they can to write their wrong. And when I say wrong, I just mean the markets had a rough quarter after the recent drop. Little improvement though in here. We'll get to that in a
Starting point is 00:01:19 minute. Hey, ladies and gentlemen, this is serious talk on everything that affects you. We used to do only markets. But then we figured out very simply that the Morlocks were taken over. Government was taking over more and more of our lives with debt and deficits and rules and regulations and fees and fines and mandates and control. Some worse than others. And then we noticed how they took $800 billion of our tax dollars in 2008, handed it over the Wall Street that committed all kinds of fraud that people should have gone to jail for. And not one was indicted. In fact, they all kept their jobs and became billionaires. and we got no return on our money.
Starting point is 00:01:59 And we were told by Ben Bernanke, oh, we're only going to print money for a little bit of time. Oh, and we just topped out at $9 trillion. Nine trillion bucks they printed. And of course, that caused most of the inflation that they said was transitory. So we have to talk about them. We don't want to, but we have to talk about them
Starting point is 00:02:22 because they're insane. $2 trillion yearly deficits right now. $1 trillion a year of our tax dollars going towards interest. Our money supply skyrockets. That's the Fed telling us they're being restrictive while our money supply sky rockets and much more. So we'll keep talking about the markets and the Morlocks and whatever else comes to mind.
Starting point is 00:02:57 And if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it at our Twitter feed, which is now X. And if you don't follow us on X, you should. And if you like to email us, just be nice because we're always going to be nice back unless you like Hamas. You know, I saw a picture today of a woman with the mask. They don't show themselves. I love Hamas, the woman.
Starting point is 00:03:26 And I saw also gaze for Hamas. And all I'm thinking about is who scrambled these people's brains? that if she walked into Gaza and said hi to Hamas and said, I'm gay, they would be murdered immediately. And Hamas raped women after women after women. And I'm watching a woman saying, I love Hamas. And you just think to yourself, where did they get to this point? Who got them to even think this way?
Starting point is 00:04:09 And they're such morons in that all they have to do is check. and none of them check Israel's an occupier Israel left Gaza in 2005 took all the Jews out Israel's five men became billionaires
Starting point is 00:04:29 and stole all the money out of Gaza leaving them for dead no that's Israel all they have to do is check nope why would we do that and then the others that say October 7th, Israel did that. Do you know there are people that say that?
Starting point is 00:04:52 They know they're lying to protect Hamas? What the hell is going on here? And I'm watching a bunch of these slugs today complaining about this guy who they want to deport that isn't praising terrorism. But they're not bringing up the American hostage that's still in Hamas. Moss still has them and has him. And these are congresswomen.
Starting point is 00:05:27 So we have to talk about them. And of course, we'll talk Doge and the president. He didn't talk tariffs today, so it was actually an okay day. It's an okay day when he doesn't talk tariff. Where do I want to start? A few things. First off, we're in a little bit of a rally mode, but I'm going to give you some cautionary tales. The NASDAQ today was up 83.
Starting point is 00:05:55 Advanced declines on the NASDAQ was 1,600 up 2586 down. The NASDAQ 100 was up 107, but the NASDAQ advanced declines were 1,5286 down. What does that mean? Well, Tesla has gone from hate to love like it usually does, and it'll end up going love to hate again, was up another 11. And they really, well, excuse me, up about nine and change, and up another two in the aftermarket. And they ramped that sucker good in the last hour today. That's a top 10 name. Apple, up three in change today.
Starting point is 00:06:34 Meta, up seven. And by the way, remember we talked to you about parking with Apple back when it was trading at about 247, and then we watched it drop the 210. And what is parking? When the market's defensive, it is going to find the biggest most liquid names until they got to get out of those also. So all of a sudden I'm just noticing Tesla, all of a sudden, it's beloved again, even though they came out with European numbers today, that were terrible.
Starting point is 00:07:07 So we'll see how it plays out. On the other front, though, we have told you how the relative strength in Netflix up another 25 today, Spotify up another 11th. But as I've already scanned, boy, there's still a lot of bad looking stocks. So with the Dow up 83 and the NASDAQ up 83 and the NASDAQ up 107, the Dow was only up 4. The transports were down another 120. UPS was just trashed again today. retail hit hard today airlines hit semis down consumer oriented not good travel related not good but a select few mega caps doing that job today i'm not so sure that's great news but we'll you know
Starting point is 00:08:08 let's not throw cold water on a good NASDAQ day, but we have to mention, and you won't get this anywhere else, 1,600 up, 2586 down, small and midcaps are also down. Just remember these things. These are the innards that we pay attention to that most people don't. We pay attention to that most people don't. and it gives us one hell of a leg up on markets because when all is said and done
Starting point is 00:08:44 you need broad market participation big time broad market participation narrow markets usually get in trouble we'll keep you informed let's skip over a little bit got to doge moment as you know we're highlighting some of the things that We cannot believe they're finding, you ready? In the past three weeks, the Social Security people, they've been executing a major cleanup of their records.
Starting point is 00:09:21 They are finding approximately 7 million Social Security number holders, all listed age 120 plus. This is our government. Social Security. You know, that Ponzi scheme they created? where if you just took all that money and put an account that was in your name and you had to put in the account and just get 10-year yield bonds,
Starting point is 00:09:49 you'd have a lot more money than you have now to be in your name. Instead, they send you a check and they tell you what you take. And God forbid you put 10% in the market way back when I can't even begin to tell you how much you would have. But no, they created this government entity that we're finding out now
Starting point is 00:10:08 7 million people over the age of 120 still active. And they're trying to figure out or out right now if anybody has been getting the checks. That's a little bit of the Doge moment. But also the weekly credit card update. 16 government agencies, 298,000 credit cards. 16 agencies with 298,000 credit cards. Doge has come in and is ripping those things to shreds.
Starting point is 00:10:51 You know what that's called? Accountability. Because what they are finding on what money's being spent on is a comedy act. But unfortunately, it's not so comical when it's our tax dollars. Doge is in there doing that.
Starting point is 00:11:12 That's today's Doge moment. Tomorrow got a bunch already. I'm Gary. 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.
Starting point is 00:11:49 We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complimentary portfolio review.
Starting point is 00:12:15 The number to call is 888-4-2-5-59. That's 8-8-5-59. That's 888-4-2-9. 5-5-59. Investment Advisory Services offered through Call Bomb Capital Management. Guys, it's no use
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Starting point is 00:13:20 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. news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker
Starting point is 00:14:01 distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousins 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. Hey, this promises to be fun. Investors Edge.
Starting point is 00:14:37 The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. By the way, large protests in Gaza today. Large by Gazans. yelling and screaming for Hamas to get the hell out of there. We don't want you anymore.
Starting point is 00:15:18 Do you think the media is going to cover that? No, they will not. And in case you don't know, Hamas has been killing Ghazans who have disagreed with them. So these people are very courageous going out and protesting against these animals, these scumbags, These depraved animals that need to be eradicated. Good to see. Good to see. Bad to see.
Starting point is 00:15:52 Our media sucks. They really do suck. Really do suck. Okay. So we're just going to tell you like it is. We've rallied up some off the lows. But as I did my scans, we're just letting you know. utilities are now starting to break down.
Starting point is 00:16:21 Utilities. And I'm wondering why, because utilities usually do well in a good interest rate environment. I didn't see any news today, but they are rolling over today. If you look at the XLU, I don't want it to break below 7566.
Starting point is 00:16:39 It's closed at 7691 and worse, under 7391. I don't know what that would mean. it's just another area to avoid. But I have to tell you, retail, horrible, biotech, horrible,
Starting point is 00:17:03 rails and truckers, and travel of all kinds, airlines, cruise lines, hotels, terrible. And by the way, that would include like an experience, home builders terrible most semi-conductor I'm a you know what all semiconductor stocks
Starting point is 00:17:34 yeah they have bounced with the market but anemically and most are in just crappy patterns does that not mean they can't rally some more yeah we're in a little bit of bounce mode here but man I'm a big believer in patterns and what they're tracing out. And I think that's going to have to be watched, the semis. A lot of the economically sensitive, they've been bouncing. That bounces happen. Caterpillar just went from 330 to 342.
Starting point is 00:18:12 The problem? It's down from 409 six weeks ago. Just for an example. So they don't look great. The restaurant stocks, a couple of strong. The Yum brands in China acts well. I think Yum brands here acts well, but the rest, most of it, just brutal bare markets. In restaurants, by the way, that is, consumer-related.
Starting point is 00:18:45 What's had a better rally is the big banks. they've kind of sort of V-shaped halfway up the drop. And you can just draw a V down and halfway back up in a V shape. Can't argue that point. But still have work to do, but the regional banks, they ain't happening. And I think that's pretty much an outcome of what happened with Silicon Valley Bank, even though that's a long while ago. And then there is software.
Starting point is 00:19:23 It's bouncing. It's better. It's actually moved above a little range here off the lows. We'll see. And then the big indices. The small caps, terrible. It's bouncing. On a relative basis, terrible.
Starting point is 00:19:42 The midcaps, not as bad as the small caps, but terrible. And of course, yesterday we told you that the big index He's broke above this little two-week range off the lows, still in good stead, though the Dow is only up for today. And of course, the S&P will do better when you get big tech doing a little bit better. Why? Because amazingly, eight stocks in the S&P, I think it's down to 31 right now. It was it 34? Eight stocks are 31% of the S&P 500, which is just insanity.
Starting point is 00:20:19 So we're just sitting here letting you know I can add in drug stocks, bearish, and breaking down badly. The consumer staples that were trying so hard, but we warned you, there's no earnings power there. They've topped out. You catch in the drift? So we've rallied up and I'm looking for ports in the storm.
Starting point is 00:20:49 I'm looking for big strength. and I know it's tough coming out of a big drop. It may take time. I'm all good with that. But I also have to look at what just ain't making it even off of the lows. All these areas mentioned. And today, you had that bigness moving in the NASDAQ, NASDAQ-100, while advanced declines were 1599 up, 2587 down.
Starting point is 00:21:21 On a day like today, we'd rather see 2587 up, 1599 down. New yearly highs, I can tell you there's a few, but it ain't much. I got a few gold names. I have a few oil names. I have a few insurance stocks. I've got a couple of European banks, some names I've never heard of. It's about it. And by the way, there are more new yearly lows than new yearly highs on the now.
Starting point is 00:21:57 NASDAQ today. And the New York is showing a little bit new yearly more new yearly highs. But as I look at the new yearly highs, a bunch of non-operating company. So not that good either. So if you own the queues, you had a decent day today. You're good for today. And probably tomorrow. But I must tell you again, if we see more of these bad advanced decline days while a few names are really impacting. Do you know what the eventuality is, right? It's usually not good. Now, China was a place that has been strong. It's topped out near term right now, but still in shape. And gold in shape. That's pulled back a little bit too. No harm there, though. Those are two areas we had mentioned as if you had to be invested. But now China is starting to come in a little bit. And a few names
Starting point is 00:22:57 just ain't working. Up next. What else we're seeing? Thanks for being here. 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.
Starting point is 00:23:37 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
Starting point is 00:24:16 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.
Starting point is 00:24:37 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.
Starting point is 00:25:11 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. And welcome once again to Investors Edge. Out of every 10 contacts we are getting on what's happening. with your industry. Seven out of ten are saying slow down. Two out of ten are saying about the same.
Starting point is 00:26:13 One out of ten is saying things are much better. Just letting you know. And we will keep you advised on that. Egg prices are coming down big time. We knew that was going to happen eventually. The administration's taken credit for that, But that was just a matter of the bird flu going away. But, hey, every administration gets to take credit for what they want to take credit.
Starting point is 00:26:41 My father has always said that any administration under their watch, they get to take credit. So terrific. There was no tariff talk today. The big talk today in D.C. was, I don't know if you've read about this, but there was a cure call with the administration's biggies talking about war plans or attack plans on the Houthi rebels. And it turns out they let this guy, Jeff Goldberg, of the Atlantic, on there by accident, and they didn't know it. And the media is having just absolute fits, calling for the firing of the defense.
Starting point is 00:27:31 Defense Secretary, which is Pete Hegeseth, Michael Waltz. I'm not sure with Michael Waltz, and he's from Florida, Michael Waltz. Michael Waltz, let's see what his title is. He is the National Security Advisor. I love it. Did you ever hear the media call for the Homeland Securities, Majorcas, his firing, ever for letting in 10 million people and then saying the border was secure a hundred times, not once. So one thing happens under the Trump administration, off with their heads. Thus,
Starting point is 00:28:09 as usual, the media just sucks. The media just sucks. And look, I have no comment on this, Jeff Goldberg. I'm told he was on there, but I believe he did not come out with what was said originally,
Starting point is 00:28:25 but then it did. My question was, if you're not supposed to be on or why don't you get off of there? That was my question. Anyway, the president has backed his people. Good for him. And if they made a mistake, it was a pretty significant mistake.
Starting point is 00:28:48 Hopefully it never happens again. That's how I look at things. The media just sucks. It's so terrible. So terrible. Think about it. 10 million people were led into the border on purpose by Biden and Harris and Majorcas.
Starting point is 00:29:06 Majorcas on TV every day calling for, oh, we're secure, border secure. The media not once called for their heads. Nothing. Now, boom, you're out of here. Horrible, horrible, horrible. Interesting, they never called for anybody's head with the Afghanistan issue. Getting out of there, 13 soldiers dead, left all kinds of ammunition. there, the women are back in the dark ages there. Interesting, huh? We'll keep covering the media
Starting point is 00:29:41 because they suck, and you're never ever going to get the straight from them. You will get the straight from us because we have no bias, no agenda, no ulterior motive against the R, D, or I, or the Whig Party, if they ever come back. Anyway, that's a little bit of today's news, and you can read all that up. And by the way, If what happened is true, it is a big security issue. I'm not taking that away. We just think things should be reported fairly and balanced. Now, where have you heard that before, ladies and gentlemen?
Starting point is 00:30:26 Where have you heard that before? By the way, currently now, and I believe it's like 11 o'clock at night there, in Gaza, Palestinians have taken to the streets. chanting that Hamas are terrorists in calling for their surrender. Very happy to see that. While the schmucks here are still on campus with their masks, we love Hamas. I love them.
Starting point is 00:30:58 Just tells us how sane we are. All right, what else? The number one question I got today, of course, was Tesla. Do you know why? Oh, because Tesla was up big yesterday. I think Tesla yesterday, 248.71, was up 30 bucks. And by the way, today is up another 11. And it all happened like in the last hour.
Starting point is 00:31:27 Tesla was down four or five bucks today because they came out with numbers. And we keep being told, oh, don't worry about these numbers because they have robots and self-driving stuff coming out soon. Anyway, and here's a funny headline. Tesla ticks lower, this is early, as European sales plunge and rivals leap ahead, but shares may be bottoming. Great. Piper Sandler sees potential for flat first quarter growth, and they're saying that's good news. The stock is going up because it's a fast-moving stock, and it is going up because it dropped from 488 to 27. and it's typically when this stock makes a move it moves where it stops right now I do not know but you've got three nice days up here that's my answer I don't know except to say you're getting some moment here by the way it's up 16% this week for the month that's only down
Starting point is 00:32:45 5%. But since the high, 488, it's down 200 points on 488. What's that? 40 some odd percent still from the high. And by the way, some calling it the Tim Walt's bottom. The day that he said he was happy that the stock was crashing, I'm paraphrasing, the stock bottomed. Schmuck. There's certain people that just irk me, just quite irk me. So anyway, just letting you know, there's still plenty of areas in bad shape, and I wonder just how much this market can go up. But the big tech today and the NASDAQ types had some juice. I don't know what happens tomorrow, but we better not get a series of bad advance decline days while it's up because that means it's going to have a shelf life and look out. I do want to mention big oil, believe it or not, Chevron, is at a yearly high.
Starting point is 00:33:59 But I do want to let you know, Occidental Petroleum is probing the yearly low. So it's not everything. In between are things like BP. What else is big out there? Marathon. Ew. So there's still, there's a couple of things that are strong in the oils. A lot of weakness.
Starting point is 00:34:21 but big oil definitely much better than everything with Chevron for whatever they do as strong as all heck. Oil prices have pretty much range bound for the last year. They're on a little bit of a tick up right now, but they've been pretty much hanging in there. And by the way, there's a case to say we've just been plain old range bound in oil prices since 22. with one big drop down to the lows in 23 and tick right back up. And what we look at is the symbol is USO.
Starting point is 00:35:02 It just corresponds to the spot price. And as you know, we watch yields and oil prices like a hawk because that is the cost of capital and cost of energy. if both go high or bad, if both go lower good, if both just sit, not bad. We are tired of the days where they go all over the map, especially yields because of Mr. Bubble. Just remember, the crazy action in yields was because he rigged the markets. How we got to the point where one man can print to $9 trillion of just money out of, just money out of, thin air and buy the hell out of the whole bond market taking rates down to zero and screwing every saver if i was president he's out of a job up next we'll think of something i'm gary this is the
Starting point is 00:36:05 one only investors 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 there's zero chafed 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.
Starting point is 00:37:04 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.
Starting point is 00:37:26 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 swears are the next big thing.
Starting point is 00:37:59 Even better, Spreaker helps you monetize your show with ads, meaning your friends. 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?
Starting point is 00:38:22 One, two, ready, go. Action! In the Gester's Edge. With Gary Culper. Da-da-da-da. The second And biggest question or inquire we get, there's a lot of people that disagree with me on tariffs. Not the definition, but the usage of them.
Starting point is 00:39:22 Everybody is taking the president's side in saying it is just a negotiating tool. and that it'll work out just fine. My problem is pretty simple. If it's just a negotiating tool, why is it still going on and why is he putting the tariffs on? Aren't you supposed to negotiate and talk it out and get them to do this so you do that or vice versa? or we're just trying to say if all these tariffs ever go in and go into usage,
Starting point is 00:40:09 ladies and gentlemen, that's big trouble. That is a big, gargantuan raising of taxes on business and potentially the consumer. And I heard somebody say today, oh, but it will only be on. and you know I'm tired of hearing it'll only be on it'll only be on the production side it'll be not the retail but the in between oh really so that doesn't count we are in hopes whatever the president's doing with these tariffs works out but you need to know that if he's going to be collected hundreds of billions of dollars, that means he is raising taxes on us by hundreds of billions of dollars. That's all we're saying.
Starting point is 00:41:16 That's our stance. There's no argument there. We keep hearing he's the greatest negotiator and dealmaker of all time. Well, negotiate and deal make. and let's hope it works out. We're also being told not to worry about what other countries do. The problem with that is, if they worsen, we worsen. And then you get into what is known as a trade war.
Starting point is 00:41:50 And if you get into a trade war, here's what happens. You get shortages. And if you get shortages, it pushes prices up. And if prices are pushed up, oh, there's that little word called inflation. To what extent we don't know? And I heard somebody say also, oh, it'll be deflationary tariffs. I don't know how to answer stupid. The definition of inflation is paying higher prices.
Starting point is 00:42:25 Just like when I went to buy yogurt today, it's usually two for $3, a $1.50 each. And then I looked up, it's now $3 for $5. Oh, that seems like they raise prices. So yogurt's going up a little bit in price. And have you seen the size of the potato chips? You're paying more in price on a bag of regular chips. And the bag is one-third the size. So that's still out there.
Starting point is 00:43:03 I will only buy chips. if it's one of those two-for-one days. And fortunately, they have plenty of days two-for-one. Dog stuff. Bags of dog goodies that used to be $12, you know, the nice real treats. 18 now. There are 50%. So just letting you know, all that is still out there and hope it comes down.
Starting point is 00:43:34 why inflation is a gargantuan tax on the average American and prices are still up there I do not know what brings them down at this juncture they go up easier than they come down I couldn't believe 18 bucks 18 and don't get me started on paper goods that's still out there also and the other part of the equation now, you know what else is going on. There's less, there's people eating less chips because of the, those diet drugs, the obesity drugs. So they're trying to figure that out also. A lot of stuff going on, ladies and gentlemen. It's the best way I can explain it to you. Bitcoin, it's just hanging right now. Remains in a barrens. phase, hold in support. If the NASDAQ breaks down again, I expect it to go much lower. It's only down about 18% from the highs of December, not the end of the world. Ethereum has crashed. And notice people don't talk about Ethereum anymore. I hope Bitcoin works.
Starting point is 00:44:58 I really do. I know a lot of people that would never buy into it, bought into it. I hope I hope it does. But I think everybody's lost their mind in thinking there's anything backing it, behind it, meaningful of it. No sales, no earnings, no product, no services. It could have just been a blade of grass. Oh, wait a minute, but there's an unlimited amount of blades of grass and there's a limited amount of Bitcoin. That's why it's going higher. Great. We'll keep you informed. on a technical basis, and we hope it works. And yes, there's still maniacs out there saying, oh, it's going to a million a half. That means somebody's going to have to pay $1,49,99,99. To get it to a million a half. Good luck.
Starting point is 00:45:58 By the way, I'm surprised where it is. If you were to ask me years ago, I would have been wrong. I freely admit that. You all have a great evening drive carefully. When you get home, do like we do. Quite simple. Make sure you hug your family. Make sure you hug your children.
Starting point is 00:46:17 They will feel better. You will feel better. I promise stay well, be well. And Serenity now. Good night all. Bye bye. 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.
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