Investor's Edge with Gary Kaltbaum - MORE AFTERMATH [11.11.2024]

Episode Date: November 11, 2024

https://garykaltbaum.com/

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Investor's Edge with Gary Kaltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Kaltbaum. And welcome once again to Investors Edge. I'm Gary Kaltbaum, your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's November 11, 2024.

I think it's Monday. Hope you had a good weekend. Little schedule this week, just so you know, Wednesday. I think it's number 20. It may be 21. That's how long it's been. The Colbaum Family Thanksgiving dinner for the Boys and Girls Clubs of Central Florida will be on this coming Wednesday. I believe we'll be serving about 300 young men and women from the boys and girls clubs coming to one of the clubs.

We're going to give them a Thanksgiving dinner a little bit early this year because of a scheduling. conflict. One of the proud things the family does, as we always said to you, always think about doing something for somebody you need absolutely nothing from as we get into the holiday season, if you are able to, of course. And it doesn't have to be big. It can be little, it can be small, it can be something just for one person or maybe more. Anyway, we're very proud of it. This will be this Wednesday. It's definitely 20. It may be 21. I don't think it's 22. And I gather we have served probably around 6,000, maybe 7,000 meals to young men and women who may or may not have a Thanksgiving dinner.

So we're very proud of that. That'll be on Wednesday, which means I may not be doing the show on Wednesday. We'll see how that goes. You know, we were going to start the show today with the markets. but we're going to have plenty of time to do that. And boy, oh, boy, there's some outlier moves, ladies and gentlemen, and some things, and we're going to go through it. But I have to continue with the aftermath of the election because we're finding out some things.

And as you know, I have not been very kind to Donald Trump here. we have been very kind to him on his economic policies except his tariffs we have been very kind to him on Israel we have been very kind to him on other things but overall we have not been very kind to him on what we call the presidentialness We think that's got to be a part of the program. But today, we're going to be very kind to him. Because something I talked about on this show for a couple of years that had been ignored, and we never heard a word out of this administration on,

this president to be, again, put out a 10-point plan on something I'll call it a big wow. Something that I felt very close to, very important to. We've been using the word, words upward mobility. Very often here, and we haven't heard that at all from this administration because, as you know, Marxists and socialists do not like successful people because successful people do not need them anymore. So we're not even going to introduce ourselves today,

but you know who we are. Investors' Edge, serious talk on everything that affects you. I'm Gary Kopp. And if you do not get this show in your city, actually, we are doing it. You go to GaryK.com or you can go to our Twitter feed. And if you don't follow us on Twitter, you should, which is now X. And if you'd like to email me, just be nice. And we cover everything that needs to be covered that affects you.

So ladies and gentlemen, I have said to you, where is the talk of upward mobility and greatness? from this administration. We haven't heard a word of that. Donald Trump put out a 10-point plan to revitalize the American system. Have you seen what the numbers are on math and English for the young kids of America? You may want to do that. So let me read these 10 things. One, we will respect the right of parents to control the education of their children. What a concept. The parents. I still remember there was somebody who said it takes a village.

No, it takes a family. Number two, we will empower parents and local school boards to hire and reward great principals and teachers. What a concept. Great principles and teachers. three, we will ensure our classrooms are focused not on political indoctrination, but on teaching the knowledge and skills needed to succeed in reading, writing, math, science, arithmetic, and other truly useful subjects. Wow! And by the way, we can only have gotten here for a reason. I'm sorry, but on many levels of our education system, it's been lacking.

You do know that. and that is not a rub on teachers, the system. Four, we will teach students to love their country, not to hate their country like they're being taught right now, and let me be clear about that. That's going on a lot. Five, we'll support bringing back prayer to our schools. Six, we will retrieve schools that are safe, secure, and drug-free

with immediate expulsion for any student who harms a teacher and other students. expulsion. Do you think these clowns at the universities would keep doing what they're doing if they knew they were going to be expelled? Do you know how many students were expelled that got in the face of Jewish students and threatened their lives? None. And by the way, they're out doing some of that crap again right now. Seven, we will give all parents the right to choose another school for their children if they want. It's called school choice. What a concept. Think about this. You ready? Think about this. You go to a restaurant. The service is bad. The food's bad. Guess what you get to choose. A different restaurant. Why can't we do that with schools?

Do you know my family gives scholarships to young men and women that are at very rough and tough schools and we pay for their private schools. With the help of some of these private schools, it's a partnership, my family, and the schools. And the outcome for these young men and women are so much better because some of these schools are failing. What a concept. Number eight, we will ensure students have access to project. Listen to this one. We will ensure students have access to the project. We will ensure students have access to project-based learning experiences inside the classroom to help train them from meaningful work outside the classroom. That's awesome. Nine, we will strive to give all students

access to internships and work experiences that can set them on the path to their first job. 10, we will ensure that all schools provide excellent jobs in career counseling so that high school and college students can get a head start on jobs and careers best suited to their god-given talents. I love this. And for almost four years, we didn't hear squat on this from this administration, A plus plus to Donald Trump on that. Next. So he's hiring Tom Holman to be the border czar to take over for the other border czar Kamala Harris who said she wasn't the border czar. And I watched an interview with Tom Homan. They were asking how do you, I'm going to pay for this. The question was, how are you going to pay for all these migrants coming

over? But how are you going to pay for the deportation? That's how sick in the mind these journalists are. While some of these cities are croaking right now on how much they are spending on people coming across the border, the question was the cost of that, the question was the cost of deportation. They're insane, these journalists, good hire by the president. And you know what they said? Here's the first thing we're doing. We're deporting the criminals who are here, What another great concept. Where was Biden on that? Oh, let's just leave the criminals here. So to President Trump? Excellent. And remember, we're not racist here. We love immigration. We just want it controlled. That's all. What a concept. Well done to the president on two very important things. Up next.

little more, and then the markets. I'm Gary. This is the one only investor's edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist, Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal.

A lot of what I see is just like, chronic bloating, chronic stomach aches. Like, I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach ache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with.

So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed?

Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a... job for Indeed's sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job.

for Indeed's sponsored jobs. And listeners of this show will get a $75-sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for indeed sponsored jobs. Success starts with your drive. An American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion,

our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.apus.edu. Hi, I'm Gary Kalpom, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a lot. 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. 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 888-5-5-9. That's 8-8-5-9. That's 888-4-2-4-2-5-9. Investment Advisory Services offered through call-bomb capital management. It's time to switch on the integrator units and get the brain cells working.

You're listening to... Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. So, and by the way, all this matters. How about that 10-point plan on education?

You may not agree with all 10, but did you hear what they're going to do? And I guarantee you they're going to follow through on that. Now, on the immigration, they're going to do the job that the past administration did not. do and on purpose, imagine they're going to round up the criminals and send them packing. What's wrong with that? I'm pretty cool with that, aren't you? Which takes me to the other part. So we're finding things out now.

For those of you who voted for Harris and watch these celebrities advocate, for them. In fact, Oprah was up there saying, we won't have a democracy ever. You're not even going to be able to vote again if Trump wins. Oprah was paid a million dollars. She was paid. What? Katie Perry was paid. Bruce Springsteen. They paid out millions of dollars to the celebrities that I'm thinking, maybe I'm an idiot. I'm thinking they're out there because they love Harris and hate Trump. No, they got the big bucks. Well, I still think they hate Trump.

Wow. Maybe I'm ignorant. They spent over a billion dollars. Some people are estimating up towards $1.6 billion in the Harris campaign. About 6,700 million went to people. And they're 20 million in debt. Yeah. she would have been great with our treasure.

Unbelievable. They spent over a billion dollars and they, do you know, they're sending out email still, send us money? Wow! This is a big wow. And I don't know whether he was trolling or not,

but Trump put out a tweet saying, hey, let's unity, we got plenty of money, we'll be glad to pay off your debt. I think he may have. meant it. Anyway, they paid the celebrities. Next. And we'll finish up with this. So I traveled this weekend. I have yet to watch the Sunday shows. I watch the Sunday political shows and I go through because I want to see what these people have to say. But I got one of them in. Meet depressed.

Notice I didn't say the press. I said depressed. Just a show of hackery, one-sided, biased. I thought when they brought this woman in that she would not be biased, another biased. She does fact-checking on one side, not on the other. It's almost laughable to watch. Anyway, they had guests on, and let me tell you what a bunch of them are saying. Their messaging was bad. You've got to have a better message to people.

they lost the message. Yes, the message, the message, the message, the message. No. If they're listening to Gary, I would say your policies suck. That's what's wrong. Open borders. This woke weird stuff. And let me be clear about the woke weird stuff.

There's some weird stuff in there. Massive government. Giveaways. Cues. and now Nancy Pelosi who engineered the coup is blaming why didn't Biden get out quicker? Yeah, it's all Joe's fault now. Yeah, that's right.

So tigers are now eating their young, as they say. They're going after each other, but the fun part is watching. They're blaming the messaging. And I have to tell you, for those you care about the Democratic Party, you better get to them and tell them that Gary says it has nothing to do with the message. It has everything to do with the policies.

She campaigned on you paying more taxes. Oh, wait a minute, Gary. She said middle class tax cut. It's only the rich. Are you kidding? Come on. Who are you trying to kid? Stop.

They campaigned on higher taxes and bigger government. That's what they campaigned on. And they lost. and they had Bernie Sanders to come out and say why they lost. Oh, the middle class. And I'm thinking to myself, Bernie Sanders, he's a Marxist. You know you're in trouble when you have Bernie Sanders out there ripping you to shreds. So here you have this campaign that spent over a billion dollars, some say up to 1.6 billion.

Pay the celebrities! Oprah! She's worth like $3 billion. She took a million bucks, Harpo, it's called. Yeah, that's Oprah backwards. I've lost respect for Oprah, not that she gives a crap about what I think. But anyway, the president to be, 10-point plan on education. He's going to secure the borders.

He's going to get rid of the criminals, for starters. Whoa, so far, so good. He's doing a bunch of hiring now. and I like so far no crazies and let me hear there's some crazies if any crazies show up I'll let you know so far so good we move on and we segue Bitcoin

last week broke out of an eight-month trading range and as we tell you when something breaks out of a long trading range it usually works pretty decent. Now, though it's Bitcoin, and as you know what we think of it, we don't know what the hell it is. We don't think it represents anything. There's no earnings. There's no sales.

There's nothing to back it up except somebody paying a higher price for it. Now, we're told there's all kinds of reasons for it and us. But then again, they came out with like 32,000 coins that are all at zero and left with a few. I don't know how many. Maybe there's a bunch out there, but I know 32,000 of them went. to zero. So we're just letting you know on a technical basis that was one hellacious eight-month trading range breakout. Guess what Bitcoin did today? It gapped up and I think it was up about 13-14% today. Just letting you know. Big

breakout eight-month range. We love big breakouts from ranges. Our problem is what the hell's a Bitcoin? Up next. We'll go further on that, and the rest of the market. This is the one only investors' edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter.

In this episode, we are diving into gut health with CVS pharmacist, Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomach ache every day. Or I'm constantly feeling like gassy.

And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can put it. probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more

than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for Indeed's sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction.

Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs. And listeners of this show will get a $75 sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed Sponsored jobs.

Success starts with your drive. An American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu. We're listening to America is talking. Investors Edge. He's got to be pleased with 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. And welcome once again to Investors Edge. So we start with the Bitcoin. If you remember, we had this six-month breakout in Nvidia back in January. And you know what happened then?

SMCI did one back then also. You know what happened then, really at a big move. Well, Bitcoin's on the move. And Micro Strategy, which is kind of sort of the high-act. Octane Thingma Bob, that was only up about 25% today. A big wow. I want to repeat. They have no earnings.

They have no sales. There is no company. I just want to repeat. We're not indicting it. We're not putting it down. We're not saying it's going lower. We are saying that in the past, it's just mirrored the NASDAQ. And the last NASDAQ bear market, it dropped like 70, 80% or something like that.

So we'll see what happens this time. All I can tell you that was one Helacious move and probably goes higher. Just letting you know. Next, off of the election, markets gap to the upside. We walked in that day on Wednesday morning and the Dow was up like 1,200.

So we just want to walk you through some areas of the market. We're not telling you to buy, sell, short, or cover. We're just telling you what they did and what they look like. I can safely say by telling you up front, everything is now extended to the upside. What do we mean by that? Well, there's a certain ebb and flow to markets. Two steps up, one step down in bullish phases. Two steps down, one step up in bearish phases.

And of course, I'm simplifying it. Well, we've had like six steps up, no steps back since the election. and on gaps to the upside, meaning we were up 1,200 points overnight. And very simply, this is what the market is seeing. Listen carefully. You had one candidate that 100% certainty the Trump tax cuts would expire. Now, I do not believe they're going to expire. I believe they're going to keep them why they have the House, Senate,

and the White House. On top of that, the president to be is calling for other tax cuts. We've heard a myriad of them, and we don't know which ones they're going to do, where they're going to do any. But are you ready? Here's some of the list. In case you don't know, you never paid taxes on Social Security until the late 90s. You never paid taxes on them.

We are now paying taxes on Social Security. You get a check. You pay taxes at the end of the year. Trump wants to take away the taxes on Social Security. He's also called for taking away taxes on tips. I have a big problem with that. And you know what's simple, right? You really just all you have to think it through, right?

What do you think all the waiters and waitresses are going to want now? No salary, just tips. there'll be an adjustment to that. Owners of restaurants will start calling their salaries tips. Oh, yeah. And there will be no way to figure that out. That's a big problem. They do call me Mr. Logic, ladies and gentlemen.

That's an issue. I think he also mentioned something about police and firemen and women? I think he said something about that. Not paying taxes? Interesting. And of course, the Marxist socialist, how are you going to pay for them?

How are you going to pay for them? Well, they keep forgetting it's their earning money. It's not the government's money. And now there's all this talk. By the way, I don't remember all those other proposals on taxes, but there are a few others about lowering taxes for certain groups of people. people. So you had polar opposites. There's also the business climate. You have this administration that stopped mergers and acquisitions. I don't think you're going to see a lot of that going forward. So I think the complexion and the perception has changed and that's what's fueling the gap to the upside and the furtherance. Because now companies will feel better potentially about hiring, expanding,

and the like. And you have to remember the other party equation. I know Harris was out there trying to go to the middle, made herself up with her handlers to be everything she wasn't. You know, she's been an extreme leftist her whole life. All of a sudden she's going to the middle and she's going to do this, that, and the other thing, did we really believe she would? So we believe the perception has changed and the complexion has changed.

How long it lasts, how far it goes, I do not know. All we can tell you is all these areas. Let's start number one. The financials. There's an ETF, the XLF. That's the financial select. It gapped up huge on Wednesday. Sat for a couple of days edged above today.

The regional banks, same thing. The banks, KBE, it's a bank index. same thing. The problem here, how do you buy in what is known as the trees? We've had an outlier move, not done. How about the X, L-Y, which is discretionary, and a part of that is the Teslas of the world and the like. Well, I can tell you, from the day of the close, not the gap, it's gone from 202 to 219. 8% in four days? How do you go after that now? 8% in four days? The financials, as I said, there'll be less.

How about software? IGV closed at 94. It's 103 in change. Last I looked, that's almost 10% in four days. and I can go through a myriad of other things up anywhere between, let's call it four and ten, in four days. So I've been getting all kinds of emails, are you comfortable doing any buying right here? I got to tell you, I'm not comfortable any day doing anything, but guess what? Especially after such a move. But momentum, sometimes momentum. And as much as the Bitcoin went up today, it's up in the aftermarket. As much as Tesla was again up today, $29, it's up another three bucks as I speak to you in the aftermarket.

We're in one of those outlier moments, ones that don't happen very often because events. And of course, an election is most definitely an event. well that stick overnight beats the hell out of me we're just letting you know that dang we've had one heck of a move in these what we would call trump areas crypto bitcoin which by the way they're big backing from trump and his people even though i still don't know what it is Even though earnings and sales are now single digits and valuations are in the trees. And these other areas, of course, because everything I've already said. And that's the story. Interesting enough, the Dow was up 300 today.

The NASDAQ was flat. NASDAQ 100 was down. The S&P was only up five. What happened today? What's weak? Big Tech. Apple down three. Broadcom 5, Amazon buck and a half, Facebook 6,

Nvidia 2, Qualcomm 3, semiconductors, down 134. Big drop, mainline semiconductors. So not everything's all cozy. Gold, big down day today. And full disclosure, I sold my gold today. I was down to a small position. Took the profit. Why?

The dollar strong gold's coming down. We'll see what happens tomorrow. Up next, what else we got fee on the markets? I'm Gary. This is the one only investors' edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions

you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat,

and it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that, generally if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication.

And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for Indeed's sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spendor less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored

jobs. And listeners of this show will get a $75 sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed.

sponsored jobs. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop.

You bring the fire, APU will fuel the journey. Learn more at APU.apus.edu. listening to What are we waiting for? Well, what are you waiting for? One, two, ready, go. Inverster's Edge. With Gary Culper.

And welcome once again to Investor's Edge. It's Veterans Day today. And I think my father's a veteran. 93 years old, I was with him all weekend. He was complaining about the Giants, amongst other things. my Giants team is just the horrible. They lost the Carolina,

that's a lowly team. But the best to all the veterans out there, you know, I've done a little work with a company called Building Homes for Heroes and went to a couple events. And I got to tell you something. This is an

interesting. The last one I went to was a bowling, it was like a bowling charitable event. And I met a couple of men. One didn't have an eye. One didn't have an arm and a leg.

I guess it was an IED blew up. I've never met two men more happy. One without an eye. I think his ear also. The other one lost a leg in an arm

and I've never seen two people so happy that they were alive and so grateful to be alive. And I had a conversation with one of them. By the way, this was years ago, and we were talking about it. And he said to me, does not take it as a handicap, takes it as a badge of honor. protecting our country and doing the job for our country. I was sitting there, listen, I was like, what? I whine and complain when I have a cold, amazing these people. I remember I did a little paintball with my kids,

and I got hitting the side, and I had a welt on my side for like two weeks, and I was like a baby. I was in the line of fire of a paintball gun. these people go into line of fire of the real stuff as well as mines and bombs and you name it. Not a complaint out of these men's mouths. Amazing. Really is. Really is.

Just something to think about on Veterans Day. I think they're forgotten much too often. and forgotten about and what they've done. That's why I loathe some of these student jackasses. But I guess that's what makes the world go around. Anyway, so do you call it happy veterans? Yeah, I guess to all the veterans out there, we salute you. Okay.

We segue back again. The main question I'm getting, I got one from somebody. oh, I was too scared and I, and what do you do here? And I won't answer that question. But I tell them the norm would be, the norm would be pullback slash better entry. But I have to repeat. Does not mean you're going to get it.

And if you go back to 2016 in my charting story, service allows me to do that. They kind of sort of didn't let you in for a while. So to each his own, what I try to do here is pick my spots. I know where the strength is. By the way, back in 2016, they gave you a couple of weeks where they went up, settled down, but I don't know when that occurs. It's certainly, well, with the NASDAQ and the NASDAQ 100. occurred today didn't really occur in the small and the midcaps didn't occur with the Tesla types or the bitcoins and the semis I don't even want to look at them because they don't they just look bad there's certain things in bearish phases the gold stocks are in a bearish phase uh solar's are

croaked oh by the way you know what else they're crippling in here the marijuana stocks and that's because Because at least in Florida, they lost for recreational marijuana. So the marijuana stocks are getting crushed. I didn't mind that. Because I got to tell you, I go walk in New York City. It's like a bong hit. I'm telling you, just walk down any street in New York City. It smells like a bong hit.

But whatever. What can I tell you? The main point is, I can't promise you the overall market's going to pull back right now. It eventually will, but I don't know from where. What I can just tell you Wednesday was ignition off of the election. And by the way, that is not a political statement. I'm just making saying a fact and also stating some facts. the taxes and business acumen and we'll see what tomorrow brings well right now

financials banks not all but economically sensitive names the crypto and I will tell you some small and mid-cap tech that have had very good reactions to earnings they're going again tomorrow's another day. We'll have it for you. You all have a great evening. Drive carefully when you get home to do like I do. Quite simple.

Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise stay well, be well. Thanks for joining. Peace out all. Good night.

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