Investor's Edge with Gary Kaltbaum - More deterioration [12.17.2024]

Episode Date: December 17, 2024

https://garykaltbaum.com/

At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at cvs.com or just come by store. We can't wait to meet you. Store hours vary by location. 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 Colpom,

your host. A thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Tuesday, December 17, 2024. Hope you're having. having a good day. In case you don't know, this is serious talk on everything that affects you. We would do the markets, the economy, jobs, unemployment, your job, your industry, the election, the president elect, everything that's going on that matters to you and the future. We will mix the politics with the business, with the markets, with we, the people. and boy oh boy those are three words we are hoping

the new administration is going to live by they've been talking a really good game and let's hope that continues but I want to start the oh oh oh excuse me if you do not get this radio show in your city we'll post it at garyk.com

we'll also post it on our Twitter feed and if you don't follow us on Twitter which by the way is now X you should go there and put our name in and if you want to email us all you got to do is be nice. Everybody's been nice. I'm not getting any more hate mail. This is great. Wow. And you know what it is? We respect you all. Whether you agree with us or disagree with us, we respect you. Big time. Now, if you love Hamas, that's a different story. I got to start today with a compliment, an effusive compliment, and a blasting.

Anybody know who Jessica Tish is? I bet you don't. She is the New York Police Department commissioner. You see, they indicted this scumbag who murdered the CEO of United Health. With murder one, terror attack. They threw the book at him. But that's not why she gets my stand. Ovation today. It is because she took the time to talk about the crazies, amazingly, people on social

media, not even ones with hidden faces, but showing their faces praising murder of an innocent man. And let me be clear, an innocent man that has not committed crimes. You may disagree. You may disagree. about the health care system. You may think United Health is denying too many claims. This was a brutal, cowardly murder by a nothing, a nobody

that's going to spend the rest of his life in a six to nine cell. He may have nice eyebrows, white teeth, and be a cutie pie. He's still going to be in a six-by-nine cell the rest of his life. Go compliment him. And he did it, not face to face, behind his back. And I have to tell you, if you are one of those people, I urge you get into a bathroom, look in the mirror, and ask yourself the question. Anything you do that's wrong? Anything you do that maybe piss somebody off?

You think you should get shot in the back? My goodness gracious. Get in front of a mirror. Anyway, she was out there and just blasting anyone and anybody that's happy and joyful. And that goes from these Hamas lovers, schmucks. Columbia University has a guy teaching a kid teaching a class that praised October 7th.

Columbia University's excuse, well, we believe in all. Go screw yourself, Columbia. What a bunch of jackasses. That's number one. Jessica Tisch, if I ever meet her, gets the big handshake. It's not hard on the other end to be pissed off at Joe Biden. as you know we have taken him on in a very big way. We have complimented him a couple of times because we don't have a bias.

Out of October 7th for a few weeks, we complimented him big time. And then of course he did the but, but, but, but, but, the latest. The latest. This administration is selling off the border wall for pennies on the day. dollar to an auction house. So the taxpayer paid a crap load of money for a border wall, and there's a bunch of it left over, and they sold it for like five cents on the dollar to an auction house, a border wall.

Do you know, if we can put up another 20 feet of border wall and it would prevent a young kid from getting over here. You get my point? What is he? On purpose? Why do this? Why? What's the reasoning? Anyway, you know what I think of the doofus? And by the way, as I said yesterday, Trump did a presser yesterday that was in time more than Biden has done in two years. man, he's selling off the border wall that could be used going forward. By the way, the New York Times finally wrote a big article on how bad the border has been over the last three years. No, now they are. They're so bad the media. They're so bad.

Anyway, if you ever meet Jessica Tisch, give her a big handshake. She did her job very well today. And I'm hoping none of you are applauding murder. Now, if there's an issue with the health care system, let's fix it. If United, well, let me put it best. United Health was down another $13 today. United Health was down today. Let's see.

Was down 23 at one time. United Health, since the tragic murder has gone from $611 to $1 to, 485 today. Last I look, 115, that's $126,000,000,000 million shares, over $100 billion a market cap lost by United Health. And why? They're going to have to adjust. Sometimes out of something, it is found out that their claims denials are way above everybody else, and the market is adjusting. Same goes for other managed care. And also the president-elect is out basically talking about how much they. We'll see how it plays out.

We'll keep you on top of it. I've been asked about 30 times in the last three days, trading days. What do you think United Health is? Isn't it still a great company? Well, I'm always wary of companies where margins more than likely. think those are the three important words are going to a contract going forward where more than likely announcements will come out of United Health, either loudly or quietly of, hey, we may have to adjust or we're going to adjust. Markets do not like margin squeeze. Just letting you know.

and I've been asked just what do you think and my answer is I don't know for lack of a better word the stock has crashed in the last four five six seven eight nine training days and it becomes very random here it was up ten bucks off the low today

just random I just don't know but we'll be watching the group itself has been smashed smashed. In that same time frame, Cigna has gone from 334 to 265.

Humana, well, that's been trashed for a whole year anyhow. Anyway, you get my point. We're very big believers in that. We're big believers when companies are shutting stores. It's bad news. versus companies that are opening stores. Shutting stores mean demand. Gone the wrong way.

Or you overbuilt. Either way. Up next, we'll expound. I'm Gary. This is the one only Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people.

We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions. just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial 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. The number to call is 888-422-559. That's 888-4-22-55-9. That's 888-4-2-2-2-5-5-9.

Investment Advisory Services offered through call-bomb capital management. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Gambata. We discussed his vision for the future of quantum quantum. computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the

question of what is the future. Isn't it a perfect problem for IBM because you kind of need have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature, right? My cell phone is a mature technology at this point. How far are we from that point with Kondo? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing,

visit IBM.com slash quantum. 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 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 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 IHeart Radio. Listen now wherever you get your podcasts.

On Deck is built to back small businesses like yours, whether you're buying equipment, expanding your team, or bridging cash flow gaps. OnDex loans up to $400,000 help make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews. OnDec delivers funding you can count on. Apply in minutes at on-deck.com. Depending on certain loan attributes, your business loan may be issued by On-Dec or Celtic Bank. On-Dec does not lend in North Dakota. All loans and amount subject to lender approval. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge.

The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. To expound, Macy's have been selling off a ton of stores. By the way, I didn't realize this. Macy's closed at $16.73 today. Macy's stock in 1996 was $16.

Now there are points in time where you have company shutting stores, but it's not. Walmart has shut some stores. But basically they have stated, well, this stores hasn't been as profitable. We want to keep it above and they make little moves like that. But overall, there's growth. The other side is Walgreens and CVS shutting stores. That's a matter of overbuilt and what we told you. if I stood at the Walgreens that's right here on Lake Mary Boulevard and International Drive

in Lake Mary, Florida, I'd say within five square miles, there's probably seven or eight Walgreens and CVS's, but there's also Publix and there's a bunch of those that have pharmacies. and there's Walmarts and targets that have pharmacies and of course sell the same stuff as they do in Walgreens and CVS and by the way they charge too much for dog stuff in these drug stores anyhow that's how you those are the things you want to avoid so there's a good side sometimes and a bad side sometimes

and it's just something that always has to B-watch because especially in retail competition is gargantuan. Gargantuan. It's a known fact also in restaurants, keeping restaurants alive. Tough businesses. Very tough businesses. Especially now. Anyway, just a little heads up on how we see things, how things work, which takes me to the next part. The Dow at one time today Let's see The Dow at one time today

Let's see 43-336 130 was down 380 But still finished down 267 The NASDAQ was down 160, still finished down 65 NASDAQ 100 down 95

Transports 175 The semiconductor Sox down 86 but forget all that advance declines on the New York 1,100 up 3,051 down advanced declines on the NASDAQ 1463 up 2672 down

another terrible day for advanced declines we have been telling you about the deterioration underneath the surface in the markets we don't know to what extent it's going to be all I can tell you more and more names are breaking near-term support if not more while a select few stocks really doing the job with the big indices let me explain and I have to tell you I don't look at this every day and maybe I should are you ready for this the NASDAQ 100.

These are 100 stock index. The NASDAQ 100. The top 10 stocks are now 56.45 of the NASDAQ 100. That means 90 stocks are 43.55. Do you think there's influence? Apple, 8.85%. Microsoft 7.8, Nvidia, 7.72. Broadcom, 6.3, you get the point.

Guess what's been holding up very well? The NASDAQ 100. Guess why? Apple at new highs. Microsoft's been doing better. Nvidia, eh, but not really hurting things. Broadcom, big move up this week. Amazon, near highs, meta, broke out recently.

Tesla has gone vertical. Costco's been a strong retail. Google had a big move in the last whatever on that Willow thing. And Netflix. is number 10. That is amazing, ladies and gentlemen. That is amazing, but I'm not done. The S&P 500. That's not 100 stocks. That's 500 stocks. The top eight names. Apple, Microsoft, Nvidia, Amazon, Netta. I don't even know I call

Meta, it's Facebook. Tesla, Broadcom, and Google. I don't call it Alphabet. That's your top eight. Eight stocks is almost 36% of the S&P 500. 492 stocks

is 64%. Talk of about influence by the few. And it just so happens, they've been strong. And Microsoft, that's been weaker, has been coming on. There's your story versus what's been going on. So another rough day underneath the surface. My screens are almost beat red.

You got to bounce in China today. You got some bouncing, little bouncing today and some drug stocks that have been trashed, little bouncing in a few retail, but transports and housing and commodities and insurance and staples and economically sensitive names and defense stocks and managed care. And you know what they started getting today even a little more? though they bounce towards the clothes, but still getting a little financials. Now I'm letting you know, the broad market is stretched, extended, and oversold near term, and we got Mr. Bubble Tamar at 2 p.m. Mr. Bubble tomorrow.

Blah, blah, blah, blah, blah, blah. Lowering rates a quarter point, maybe we'll do this and maybe we'll do that and blah, blah, blah, blah, blah, blah. I have no idea. I think they're lowering a quarter point, and I think they'll say, well, I think we're okay, and maybe we'll see how it goes, and we'll wait for new information and all that crap.

Just another bad day. And when I do my scans and my webcast, I'm even surprised about all the weakness, while a select few names. And it's getting more selective up next. We'll expound on that. This is the one only investor's edge. Hello, hello, I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM.

I recently sat down with IBM's chairman and CEO, Arvin Krishna. And I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to that, pick areas you can scale. Don't pick the shiny little toys on the side. For example, if anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind. If anybody is not using AI to make their developers who write software 30% more productive today, with the goal of being 70% more productive.

Yeah. So we are not asking our clients to be the first experimenter. We say you can leverage what we did. We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology, is getting people to accept that there's a different way to do things. To listen to the full conversation,

visit IBM.com slash smart talks. Hi, I'm Dr. J. 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. Here 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. Cash flow crunch. OnDex's small business line of credit gives your business immediate access to funds up to $200,000, right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by OnDEC or Celtic Bank.

On deck does not lend in North Dakota, all loans an amount subject to lender approval. 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. With Gary Colbomb.

It comes highly recommended. You're going to feel better if you talk to him. When you have a chance, go look at a chart of something called the RSP. It's an S&P 500 equal weight. If everything was equal to each other, it handily broke the 50-day moving average today. Then go look at the SPY. That's the S&P? Hasn't budged. What did we tell you?

The top eight stocks are 35.93% of the S&P. The other 492, there's your story. And on the NASDAQ 100, we're starting to get a little. little bit on the ick also on that so we'll see how it plays out another good day for Tesla today was up 20 then was down four finished up 16 Apple another new high other things came in today see how that goes and I think the next few days are gonna be I don't know if the word is really important you never know, but there's just a lot of weakness going on underneath the surface.

I don't care what anybody tells you. And the thing that I am noticing, we already talked about housing because interest rates have ticked up, but housing stocks are really plummeting now, and now I'm seeing it in building slash construction as that worsens. And as I have told you, I'm always looking at United Rentals. I'm always looking. at United Rentals. Why? Very economically sensitive. Down another six today, even deeper,

below the 50-day moving average, and Caterpillar. Though that has a commodity component, and it's been weak. And I can just read out a host of other names, a list of other names, an economically sensitive land that just keep weakening and weakening and weakening.

We'll keep you abreast on top. But I must tell you again, a three to one negative on the New York, almost two to one on the NASDAQ, and as I always state, the market cannot take that many more days like that. Maybe tomorrow's better. As I started the week, we said, I'm being told the market's got to go higher in the next two weeks because it's the end of year.

Well, so far, not very good. So far. Tomorrow's another day and the Fed. Now, let me spend three minutes on the Fed. They're overrated. They're meaningless to your job. All they're doing is catching up to the free market.

All they've ever done is damage. They caused the inflation. And of course, then the may-day, government spending added to it but they were the main cause printing to nine trillion notice the inflation rate came down once they stopped printing money that's how it goes I'm worried they need to fire this guy and the next person to come in who runs the Fed has to got to promise to never print money again regardless because the distortions are gargantuan and by the way one of the

distortions going on right now, as we told you, housing inventory has skyrocketed. And a lot of areas in Florida, people are still putting up their homes, fantasy land pricing, and very little resales are selling. And if you go on zillow or realtor.com, you will see a craplode of lowering prices in order to try in get the sale or sell the home. I'm not seeing a lot of sales, though. Why? Fantasyland prices.

Some people, and I'm talking high end, I see people putting up homes for $4 million that were $2 million four years ago. And then all of a sudden they lower it to $3.8, and it's still sitting. And then $3.6 still, you get the point. I don't know where it ends up. I don't know how it finishes. We'll let you know.

And that was an outcome of what we called the 3-8, which turned into the 3-7. Nobody wanted to sell their homes at 3% mortgages to buy something at 7% and it forced up prices. When there's no inventory, prices go up. When there's inventory, they start coming down. And we're seeing that. And again, location, you know, some areas much hotter than others, going to get interesting. Bitcoin was up a little bit again today, but they're smacked the hell out of micro strategy today. And I'm just wondering if that the leverage is starting to come unglued a little bit.

Remember what they're doing. They are borrowing money and raising funds with stock and convertibles. to just buy more in Bitcoin. Leverage. Nothing can go wrong from leverage, right? Right? Everything will work out, right? Leverage is okay, right?

Sure enough. Tomorrow will be about the reaction. I couldn't give a, you know what he says. I don't watch his press conferences because they're nauseating. And I end up so happy when he's done because I know we don't have another six weeks and we have to deal with him.

And if I was president, central bankers have a nice life. Free markets have done the job very well. Weakness remains oils, gold miners, managed care, defense stocks, government contractors,

housing, commodity, steel, copper, aluminum and all that crap. Rails and truckers, waste management, hospitals, drugs. Drug stocks have been very weak. Big biotech. Insurance have been coming in, and we pose the question about premiums on insurance. A lot of economically sensitive stuff.

Restaurants, not all, but a lot of restaurants are breaking down now. Consumer staples. especially food and beverage. And financials are given up a little bit here. I'm not so twisted about the financials just yet. They're giving back gains from the election pop. And then a lot of the semiconductors absolutely suck. NVIDIA, because I'm always asked, broke a little bit below some vital support today,

but I liked the way it finished. I'm probably going to hold in here around that 1.30, 132 level, but losing relative strength to other things. We'll let you know if it gets going again. And that's today. Just very rough. Not pretty. And some of the big kind of growth leaders came in pretty good. And some wacky action and some other things without getting into particular. Some of this AI stuff, like a Marvel. I'll do one, Marvel. Bill, big move off of what somebody said, had down 10% today.

And it's been a strong name. If I owned it, I don't know what the hell I would have done with that today. I'm always asking myself that question. And one more time, I have no clue on United Health. It's going to be very random now. And also, what about the future? As I said to you, I did a one-nighter at a hospital here Without mentioning my insurance company, they charged $26,000.

And on the bill was $5,000 for outpatient, even though I was an outpatient. And $6,000 for emergency room. I was in there for 15 minutes. You think that has to change? You damn straight it has to. Up next. This, that, and the other thing, or whatever else. This is the one only investor's edge.

Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research. Jake Embatta, we discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff?

Yes. building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? My cell phone is a mature technology at this point.

How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Hi, I'm Dr. Jay 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, 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 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 IHeartRadio. Listen now wherever you get your podcasts. Cashflow Crunch. On Deck's small business line of credit gives your business immediately. need access to funds, up to $200,000, right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment,

get funded quickly and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by On Deck or Celtic Bank. OnDec does not lend in North Dakota, all loans an amount subject to lender approval. You're listening to... What are we waiting for? Well, what are you waiting for? One, two, ready, go. Investers Edge with Gary Culper.

And welcome once again to Investors Edge. I did seven sets of chess this morning and seven sets of biceps and three sets of traps this morning. I have already done on the incline trainer, 7,700. 131 steps today as I am working out like a beast again because I am back to completely healthy no more issues it took a while and I just worked myself into it because I'm you know ages a tough thing so we just let you know and I do simple exercises take out the dumbbells with the biceps and I have this universal machine where I'm sitting and I'm I do the pushing of the chest tonight on top of that I'll do

bunch of push-ups to accentuate the chest, and I'll do a little more of that inclined trainer. And the big thing is the eating. When you have a chance, seriously, go look at the calories of McDonald's, let's say, a hamburger, French fries, and a Coke. Go look at what the calories are. and then go look up how many miles do you have to walk to work off those calories?

You'll be in shock. Just letting you know. So I'm doing the whole thing right now and it's work. Just so you know, it's even working at my age. Body can really react very, very well to being treated well. My biggest issue is New York.

York City when I'm up there. You know why? Those restaurants up there are so damn good. And the bagel shops are just ridiculous. And a place called Anita gelato, like the greatest gelato on earth, is in New York City, not in Italy. I always thought when I was in Sorrento, Italy, we had this gelato, I thought, was the greatest. Anita gelato in New York City, A-N-I-T-A. In the news. Trump, I don't know if you know, but he had this big thing with ABC and ABC paid him millions of dollars because they said something about, what was it about, one of his lawsuits, so they paid him off. Now he's suing the Des Moines Register because they did a poll that had him down like 13 or 14 points on a poll right before the election. I don't know

what a lawsuit would be on that, but he's just, he's filing lawsuits against the and you know what we think of them. And all they got to do is be, and we're not talking opinion people. There are opinion people on the right and left. I'm talking about the anchors. All you've got to do is be fair and just report the news. Not like I was watching the Today Show. Remember a few weeks ago when they said that Israel tried to assassinate somebody and it was just a complete lie?

because the media doesn't like Israel. You know, who cares about a good democracy, right? Anyway, so Trump is on the warpath there, and I hope, I hope, get it all done, get it all done, and just do your job. Keep taxes low, extend the Trump tax cuts, lower the regulations, unleash Elon and Vivek on the DoJ cause and get the hell out of the way. I promise you we'll do great things. Now, the market, it's expensive. So if the market takes a dip, it won't be because of you.

It's because the market's due. You can't be trading 23 to 25 times earnings when throughout whatever you were 17 times earnings. And when the market gets cheap, it trades 12 to 15 times earnings. So we'll see what happens there. We'll keep you on top of it. And in case you don't know in the news, Germany and their politicians is blowing up. Canada, Trudeau may be resigning.

Politics. There's a lot of credit. You know about Syria. The interesting thing about Syria is that the guy who's running the joint now is an ex-what, Al-Qaeda guy. But he's coming out and saying, no, no, no, forget all that. We got to get this act together here. We've got to rebuild. Got rid of the bad guy.

We're going to be good. So let's see if an al-Qaeda guy can go moderate. Funny, huh? You should keep up on all this. You really should. We brought up Argentina. The dude running the show there. What a great job he's doing so far.

Guess what he did? He did We the People. The young woman running Italy now, doing a terrific job. love to see it. The guy running Venezuela, they cheated and he's ending up running the place still, even though he lost the election by Miles. It's a banana republic.

And guess why the people are running away from Venezuela? Obvious reasons. So Trump's got a great chance here. A great chance. But while he has a great chance, Biden's selling off the border wall for pennies on the dollar. Penny's on the dollar. The border wall.

Boy, did we dodge a bullet. Because Kamala makes Biden look like Reagan on taxes, on spending, and everything else. Back on markets. I will see what the reaction is tomorrow. I have no clue. I repeat, the broad market is very stretched, extended and oversold to the downside. the big indices are being held by some big, big names. Apple, Tesla, Microsoft's been better, Google's been strong,

Broadcom with that big move, Amazon. I repeat, eight names, 36% of the S&P, 10 names, 56% of the NASDAQ 100. That said, I'll be on Fox Business Network, 1 p.m. tomorrow, check it out. And same time for radio tomorrow. Do you have a great evening drive carefully. When you get home, do like I do. Make sure you hug your family.

Make sure you hug your children. They will feel better. You will feel better. I promise. Hug your dog also. Your puppy. And we'll be back tomorrow. Stay well, be well.

Thanks for joining. Serenity now. Bye-bye. This has been Investors Edge with Gary Cultbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. 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.

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