Investor's Edge with Gary Kaltbaum - More Than The Mixed Same!
Episode Date: May 31, 2023Follow Gary on GaryK.com or http://garykaltbaum.com...
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Investor's Edge with Gary Cultbaum.
Straight talk about you and your money.
Now from the BizTalk Studios, here is Gary Cultbaum.
And welcome once again to Investors Edge.
I'm Gary Coltbaum, your host day.
Thanks of being with us today.
Glad you here, ladies and gentlemen, happy that you are listening.
It is the end of May.
May 31st, 2020, and this continues to be the stand-up edition of Investors' Edge as man, oh, ma'am.
By the way, I think I'm at 500 emails now.
And just so you know, for somebody to take time out of their day, to go on the computer and emails a radio host that they've never met,
trying to help that radio host out with some excruciating back issues.
That's pretty damn cool.
So we thank you so much in case you don't know.
From my tennis days, left side and the lower back,
I've always had this issue but not bad.
It's gone and came, went type of thing.
And only once or twice have I had what I would call gargant.
pain. This is one of them. It's the best way I can put it. And it's not like I did anything. You know, I lift weights, I stay in shape, and it's not like I was in Europe on a cruise and I lifted up some luggage and I literally felt right there. It was like tearing and you kind of heard it. So for like five days I was toast. But this, I don't know where it came from. And I've been standing all day again.
again, when I sit down, it starts hurting a little, but when I get up, it's like getting stuck in a knife with a knife.
Simple as that. It's the best way I can explain it. It's like somebody sticking you with a knife.
So I'm on the usual. I got the prednisone, and that is a wonder drug. A little bit of the extra strength Tylenol, and something else for something else.
and definitively better, but I think it's more masking it than anything.
But what a pain in the ass, man.
And you know as you get older.
So anyway, we'll see how it goes.
Luckily, I'm getting in for an MRI on Friday.
Did the x-ray, and the x-rays fine.
Anyway, I want to thank each and every one of you for taking the time.
I have somebody that wants to buy me a gift of an inversion thing.
I guess you
What is it?
It turns down and your back goes the other way.
Anyway,
hope you're having a good day.
Got a lot of emails yesterday on my tribute to William O'Neill.
And I think I forgot to mention how many grates
he has spawned that spawned more grates.
I posted on my Twitter Facebook.
feed. They had a bunch of people from O'Neill and O'Neillites do a few minutes on him, and one of them by the name of David Ryan. And the first time I met O'Neill was with David Ryan. It was like 91 or 92. I spoke with Dan. My good buddy, Dan Schwartz, he thinks it's 92. And they weren't really selling anything. But Gil Morales? David Ryan?
David Ryan was telling a story how he got the job with O'Neill.
He, like, showed up at the door.
And there's a lot of others that I've known through the past, being a client of theirs that are passionate about what they do,
spend the time, work hard at what they do.
I always talk about Gary Kane here, also the Boys and Girls Clubs.
It is so great to know people that have made such a great.
impact on others. What more than a life lived well than to make a positive impact on others in
whatever you may be doing with life. So they're going to do a private funeral. I hear they're doing
something public and I'm going to go to L.A. for that. I don't want to miss something like that.
So that was that. Now we have to turn to the negative side. So of course you know the big news is the
debt ceiling and I watch what people are saying and nobody's really saying what I'm saying.
So we're going to say it again.
It's con artistry at its finest.
I watched, I don't know who representative Jason Smith is of Missouri, a Republican.
And I looked him up.
He's been there for about 10 years.
He was on TV today just lying.
And I would say it to his face.
Oh, we did this.
We did that.
did this, we did that, we did this. Oh, and the interviewer, I think it was Trace from Fox News,
asked them, what about the $4 trillion of spending? Well, we're not actually spending that $4 trillion.
It has to be appropriated first. That's a lie in that it's going to be appropriated. He knows it.
So he should have said it hasn't been appropriate yet, but yeah, it's going to be $4 trillion more of debt.
He lied. And the fun part of this whole thing,
thing is you had a Republican come on afterwards and I missed her name and she came out and
basically blasted Jason Smith. But that all doesn't matter. Let me explain. What I want you to do
is go Google the words federal spending throughout the years and just go see what they've done
since the year 2000. And in that, you'll see it's from the Treasury. It'll show also the
debt. And you will see lies. Lies, lies, lies, and more lies. That's it. That's the best way I can
explain it. Lies, lies. And what do I mean by that? What have they been telling us throughout the
years? George Bush, oh, we'll be good with the deficits. Barack Obama, oh, we'll cut the deficits.
Donald Trump. Oh, the art of the deal, the greatest negotiator of all time. Easy to do it.
Joe Biden. What have they all done? Massive increase in the size of government.
Yes, your hero, Donald Trump. And I'll speak about him in a second because, wow.
They used to fight over the debt ceiling. Let me explain what a debt. You know what a ceiling is? You know, you look up and you see your ceiling and you can't go above it?
Well, they used to fight over that and then they stopped because they're all a bunch of corrupt pieces of crap.
Oh, Gary, don't be so mean.
Well, they've spent $32 trillion more than they were supposed to and were headed to $50 trillion.
What are the words would you like me to use?
We still have poverty.
We still have kids that don't have enough food.
We still have potholes.
We still have poor, downtroddened homeless.
And since the year 2000, they've only spent about 80, 80s.
90 trillion of our dollars, with 25 of it being debt, and we still have these things.
You can imagine where the money is going to.
So they deserve my ire.
Anyway, it's a con artistry at the finest.
Let me explain.
Number one, debt ceiling.
What they do is spend the hell out of them like crazy.
And then they go into debt.
And now they're telling us, you know,
the Marxist party. Well, it's already been spent, so you've got to pay for it. Or why do you spend it
if you know you didn't have it? I don't hear anybody asking that question. I would be.
Hell, I would be. Well, that's number one. Number two, Joe Biden, who has taken the championship
belt on lying away from Donald Trump. Oh, and he's a good liar. And the shame of it is the
media who gave Donald Trump a colonoscopy every day on his line doesn't say a word about
Joe Biden's line anyway oh I lowered the deficit 1.7 trillion I've lowered spending in this
bill I've looked he's so full of crap I don't even know where to start you couldn't tell the
difference between him in a cowfield and him being in a cowfield it's ridiculous so
here's the deal you want no facts
This debt ceiling deal that they tell us is so wonderful, so good, and the Republicans do this and do that, here's the guarantee.
32 trillion of debt right now will be 50 trillion in the next decade.
That's what it guarantees, yet they are telling us all's good.
Look at what we've done for you.
We stop this.
We stop the hemorrhaging.
We've stopped this, we've stopped that.
Oh, we put spending at last year.
Well, you know what last year was?
COVID spending.
Then I want you to look at 2019.
Our government spent $4.4 trillion.
This guarantees mid-sixes,
50% increase in federal spending from 2019,
and they're telling us what a good job they're doing for us.
con artistry from all of them and who's the victims we are you know what happened in 08 who are the
victims we were they took 800 billion of our tax dollars and saved wall street where a bunch of
them committed massive fraud kept their jobs got promoted made billions in the subsequent years up next
we'll put a bow around this and then the markets this is the one only investors edge
Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge.
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Investment advisory services offered through call-bomb Capital,
management. 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 cake 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
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.
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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 Cult Bomb.
It doesn't get better than this.
Let's go further.
Here's what else this guarantees.
By the way, guarantees.
We're headed towards, listen carefully.
The first trillion of federal spending is going towards interest on all this debt that they have created.
trillion our whole federal spending in the year 2000 was 1.8 a trillion bucks we used to get pissed off
at having a trillion in debt now it's the norm on interest so joe biden is taking spending
approximately from 4.4 let's call it 6.6 we'll make it 50 percent most of its debt the increase
we're supposed to be happy about this.
Now, as I mentioned yesterday, there are some heroes.
I really haven't studied this guy Chip Roy, but I'm going to this weekend.
I want to know him more because he's one that sounds like me.
And basically, he's incredulous.
What the hell are these people doing?
What are they trying to get away with?
How are they telling the American public everything?
things great and they're going to add four trillion in the next couple of years of deficits.
And I must tell you, if there was no homeless, no poverty, all the potholes and all the streets and roads
were in great shape, if the elderly were taken care of, if Social Security was financed forever,
that's another great Ponzi scheme, Medicaid, Medicare, if they had done their job, I can give
them a little bit of leeway. But have you seen what's going down in some of these cities?
Have you seen the videos? Just what are they doing in our government? Government caused the
inflation. Government caused the blow up in 08. Government caused the bubbles to make everybody
feel great. The bubbles crashed. They're killing us. They're killing us. They're
350 million of us, there's 535 of them plus an administration, and we can't get them to obey us?
How is it we have to obey them?
Think about that.
Now, of course, the Marxists are pissed off.
It's not enough.
They're mad.
Two trillion of debt in a year.
Make it three.
Six point six trillion.
It should be 10 trillion.
Well, that's Marxists.
Ask them to add one plus one.
It's six.
So I don't know what to tell you.
I wish I had better things to say, as I always say to you, I would love to compliment these people.
But I deal in numbers.
I deal in facts.
When I'm on Fox News with them, I always have to preface.
I always start out by saying I only deal in the numbers.
You take the opinion and stick it.
Here's the number.
No, here's the number.
No, here's the number.
So the con game continues.
We'll report back to you tomorrow.
They're doing some voting.
They did some voting on the rules last night,
and they're doing another vote on some rules tonight,
on how they go about it, this, that.
I think it passes.
I don't know.
And we're headed higher in debt,
higher in deficits,
and closer to the point of the wall.
And again, due to the fact,
we nailed everything over the last few years
on all the bubbles and everything else.
You may want to listen to what I have to tell you.
And again, I'm an optimist on us.
I've never been more optimist on most of us.
I've never been more pessimists on all of them.
Except Chip Roy and a few others.
But they're drowned out.
And you know what the media has done.
We'll finish with this.
Let me tell you what the media has done.
Because they're just a bunch of marks.
Wake up this morning, Today Show.
You know how they're saying the debt deal, the debt ceiling?
if we don't raise the debt ceiling, it's going to be an economic catastrophe.
They got the Democrats, the Marxist party telling them this is what you need to sell the people on.
An economic catastrophe.
If we don't raise more debt, that's what we got going.
So the media's in the tank as usual.
Imagine raising more debt is the economic catastrophe, not the debt.
Think about that.
Not the massive deficits.
not the massive amounts of interest
we're paying on the debt
not the inefficient and effectiveness
of the government
not their insider trading by the politicians
making themselves wealthy beyond their means
no
if we don't have more debt it will be an economic catastrophe
what a con game
you can't
wow they're so good at it
if I can think of anything else
I'll let you know.
Okay.
Let's start with this again.
Auto parts retail.
Hotels.
The deer and caterpillar and agco machinery types.
Chemicals.
Casinos.
Economically sensitive names.
You know which ones.
About 22 down names.
The commodity.
Steel copper, aluminum coal.
China.
Europe now.
Add Europe to that.
Medical of all kinds.
Banks, regional banks, investment banks, crypto, defense stocks, drug stocks, utilities, rails, truckers, Visa MasterCard, Paychecks, ADP.
What are they?
Payroll companies?
Restaurants, supermarkets, drug stores, retail of every kind, travel, solar, consumers,
travel,
Solar's
consumer staples
which just got hit
but they'll never go into
a gargantuan bear markets
they're staples right
managed care
medical
autos
high end retail
which was in a bull market
that just topped out
housing
which looks like it just topped
out want me to continue
travel related
So that's not just hotel.
That's things like booking holdings, which is topped out.
They were all in bearish phases of differing levels
with some mashed, smashed, crushed, destroyed.
Up next, we'll explain that, and then we'll get to the good stuff,
which is fewer and fewer.
I'm Gary. This is the one the only investors at.
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, I have a stomach kick 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.
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We're listening to.
America is talking.
Investors Edge.
He's got to be pleased with that.
The crowd is just on it.
here
He's a senator
boy
With Gary Colbomb
Comes highly recommended
You're going to feel better
If you talk to him
So
I just went through all of these areas
But I'm sure you know
We've been mentioning these areas
For a very long while
Some more than others
We have told
Our consulting clients
Our clients
And we have in
consulting, hedge funds, mutual funds, big people.
And we always use the line if you have to be fully invested.
In other words, I don't know if you know this, but most mutual funds by their charter have to be invested 95% in the market.
Something to that effect.
So we use the line, if you have to be fully invested, avoid these areas.
Now, at the start of 22, it was avoid everything except oil.
Right now, I wouldn't call it everything everything, but these areas, I just mentioned for you,
there still avoids.
With some of them absolutely blown up, stunningly so.
Have any of you seen, Macy?
stock or Target, and they have a whole new thing going on with Target right now, have you seen
the regional banks and the banks?
And of course, the big banks, not as bad as the regionals.
These things have been crushed.
We just downgraded the housing stocks in the last week, and that worsened today.
And I have one screen of things like Avery Dennison.
I have one screen of Cummins Inc.
Heavy duty truck parts or a Parker Hanofen or United Rentals.
Those are what is known as economically sensitive.
And of course, the energy stocks, my goodness.
So we're just letting you know.
We're not whistling Dixie when we tell you.
Can you say Whistling Dixie these days?
by the way. You never even know what you can say these days. Anyway, we're going to talk to you continuously,
just like we talk to our peeps. If you had to be fully invested, you've got to stay away from these
areas until we say they're turning up, or they've turned up, or worst over, which is never a
guarantee, but we have a decent eye for that.
That's a lot of areas.
We've also said to you, the only thing we have done is bought Mega Cap Techs.
And we've got a few double-digit gains in a matter of three weeks.
And we screwed some of that up because we sold some things before earnings and things look like they were getting in trouble.
I do not want to tell you what we sold early.
It's not that bad.
But we wish we didn't.
Imagine you an investor never being in bare market stocks.
How much of an edge do you have in the market?
That's what we've been doing for you.
And that's what we're going to continue to do for you.
And that's what we're doing for ourselves and our peeps.
All these areas we've been warning you about.
In 21, in November, we said, get the hell out of growth stocks.
They were all topped out in mass and you know what happened.
So all these areas, my goodness.
And wow, some devastation.
Some pretty darn good devastation.
Some pretty darn good devastation.
We'll stay on top of it for you as best as we can.
We promise.
When we tell you we have very good eyes, we mean it.
And we've proved it.
And why am I accentuating this a little bit right now?
Oh, it's simple.
It worsened even more today.
New relative lows in some of these areas today.
While, well, you know what's happened the last three days before today.
You know what's happened.
A narrow group of hellacious moves,
which hit a wall today
and we'll get to that in a minute
the market wrap brought to you by
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Investment dash models.com real quick
Dowdown 134 SMP 25
look at the NASDAQ down 82 NASDAQ 100 down 100
but overdue transports down 255
You got that?
Europe, worsening.
China worsening.
Japan's been strong, but they buy up their whole market, the government.
Stay tuned, kids.
Underneath the surface of all this NVIDIA, and God bless it, great move, there'd be some issues.
That's all.
There'd be some issues.
And as I am scanning and doing my thing,
and going through just the ETFs of these areas, they worsen.
And I have my screen set up separated all these areas.
And I can flatly tell you those bad areas,
I can tell you that they bounced a little bit to food and beverage today
after getting squashed recently.
They bounced to manage care a little bit today in downtrends.
everything else is red
and
watch those financials
we said to you two weeks ago
we thought they were sold out
felt like the sellers were gone
and so far that is correct
ain't making any money
but the fact is they have found
an area where they don't want to go lower
they better not break that area
did not have a good day in the financial world
now I'm also getting the question
about well if they cut this deal and we can get past it maybe that'll be a good thing it could
maybe they can bounce all these areas off of that but what you do need to know is a lot of
these areas were way down months ago the financials went down not because of the debt ceiling
retail's been down for a long while not because of the debt ceiling because of other things
so I'm not too sure of that just want to let you
you know, all them areas, south end of a northbound jackass. And they did not get better today.
New yearly lows picked up. New yearly highs, hardly any. Of note, though, you know, some of the software
and some of the big cap tech, again, updates. There will be some interesting things in the
aftermarket, though, that I'm going to report to you in a couple of minutes. Thanks for listening.
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
egg 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.
With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means
your stack and your rewards. Nice. Get up to 5% cash back with Venmo stash on your favorite brands
when you pay with your Venmo debit card. From takeout to ride shares, entertainment, and more.
Pick a bundle with your go-toes and start earning cash back at those brands. Do more
stash, get more cash.
Venmo stash bundle terms and exclusions apply.
See terms at Venmo.com slash stash terms.
Max $100 cash back per month.
Struggling to see up close, make it visible
with Viz. Viz is a once daily prescription
eye drop to treat blurry near vision for up to
10 hours. The most common side effects that may be
experienced while using Viz include eye irritation, temporary
dim or dark vision, headaches and eye redness.
Talk to an eye doctor to learn if Viz is right for you.
Learn more at Viz.com.
You're listening to
What are we waiting for?
Well, what are you waiting for?
One, two, ready.
Now, action.
In The Gester's Edge.
With Gary Culper.
Just a couple of things quickly.
Donald Trump was for Disney and now he's against Disney.
Donald Trump was for Florida that it was so great.
Now he's against Florida that it's a turd shop.
Donald Trump doesn't know Monday from Tuesday, Tuesday from Wednesday.
If you love Trump, you better speak to his peeps because he is all over.
the map and he's going to lose the hell out of the independence
and I know he's up in the polls right now on DeSantis,
that may not last.
Dude's all over the map.
He said today that Florida basically sucks because of DeSantis.
And all he said for a year was how great Florida was because of DeSantis.
He was backing Disney a week ago.
Now he's saying Disney sucks.
And yeah, we know politicians change their stripes.
But this dude, man.
Chris Christie is going to enter, and Mike Pence next week, they will both not get one or two percent.
I think Chris Christie's, I don't like what he did in Jersey with the beach.
I think Mike Pence is a good man.
I don't know either of them personally.
I got to Apple, I got to read some to you.
Apple developers generated $1.1 trillion in total billings and sales.
the App Store ecosystem in 2022.
90% of those billings and sales accrued solely to the developers without any commission paid to Apple.
What an ecosystem Apple is created.
The App Store ecosystem and the App Store grew 29% year over year.
I got to tell you, when Tim Cook takes...
took over, I was very worried about Apple because Steve Jobs. Wow. Unbelievable. Big hands to them.
1.1 trillion in total billings and sales in 2020 for developers. App Store stuff. That's sick.
Sick meaning good. So of note today that stood out. First, a few things.
number one nvita since everybody's talking about it nvita was down today uh $22 and 77
and we just want to let you know it is back into where it traded on the gap you had a big gap
up yesterday coming out of the holiday reversed after being up 30 was only up 11 now down 22
bucks today. So that hit a wall. Remember, in technical analysis, when things get extended,
you've got to be careful. Broadcom amazingly had an unbelievable two-day move. They report
tomorrow. Yesterday, it was up $103 in the first 20 minutes. It gave back $113.
So you're getting some of that.
So when we start telling you, you guys got to keep your feet on the ground, be careful.
Very important.
You're careful because when things get extended, things get in the trees, that's where your wrist picks up.
And we're getting some of that right now.
And just so you know, everybody's talking Nvidia.
Nvidia, Nvidia, Nvidia, and video, and video, and that's all well and good.
And the stock still is fine.
Stock still fine.
It's just still very extended, and we call it tucking its head in like a frightened turtle from its little move yesterday, and that's okay.
What's the big worry?
I sit here wondering if the rest of the market keeps going lower, and it hasn't yet.
The Dow is still holding the 200-day moving average, which is no great shakes, but still holding it.
but a lot of these other areas if you go to the xME it's metals in mining a new relative low today
and by the way in a bare market you go through all these areas the xLI which is industrials
that sucker's rolling over and is now at about six months support if it breaks that six
month support that is bad news so we're watching these things like a hall
I mean big time like a hawk.
Oils.
Look out.
We've been highlighting the $250 level for the OIH, the oil services.
Close at 247 today a little bit below.
You can't have that.
And then there's the banks and the regionals.
Go take a look.
So just letting you know underneath the surface it is gross.
and I just sit here wondering, can they keep it up with the mega-cap tech and some of the other tech and the software, which, by the way, software had another good day today.
Though, let me report to you in the aftermarket.
Salesforce.com down five bucks in the aftermarket on earnings. It was down 10.
You know, they got to wait until conference call and stuff.
Crowd strike closed at 160, 142.
Octa closed at 91, 79.
So you got three software names getting yonked, though Salesforce.com definitely not as bad as where it was a little while ago.
We're sticking with the Mega Cap Tech until it croaks.
If other things show up, we'll deal with it.
Netflix showed up on our screen, and they gap that sucker up yesterday.
We'll see what comes from it.
We do have an interest in that.
We have not bought it.
Just let you know, narrow is all heck.
Big time, narrow is all heck.
Tomorrow is, I'll be on with Varney and Company 10 a.m.
Check that out.
Fox Business Network.
And until tomorrow, you'll have a great evening drive carefully.
And when you get home, do like we do.
It's quite simple.
Make sure you hug your family.
Make sure you hug your children.
They will feel better.
You will feel better.
I promise.
And again, until tomorrow, stay well, be well.
Thanks for joining us. Hopefully no pain tomorrow. Bye, bye, all.
This has been Investor's Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryKK.com.
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