Investor's Edge with Gary Kaltbaum - NASDAQ BAD!

Episode Date: October 11, 2022

Follow Gary on GaryK.com or http://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. Investors Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum,

your host. A thanks of being with us today. Glad you're here, ladies and gentlemen, happy that you are listening. It's Tuesday, October 11, 2020. And you know how we say to you, we whine and complain, well, we've got some whining, complaining to do all in the name of you because if you are listening to them, you are getting your butts handed to you and your financial well-being pretty much destroyed. We're going to cover that today. We hope you are listening. We are dead serious about every dime you have whether you are not.

But first, 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. You can follow us on Twitter. Just go to Twitter, put our name in, or press it at garyk.com. You can email me, just be nice. And by the way, so just so you know, we'll have dates soon. It's been a while. I'm going to come to Phoenix, Scottsdale, do a little meet and greet.

Let you know. A couple of other areas. We're going to announce just a meet and greet. No, we're not going to sell any books or CDs or anything. Just a hello. Our thoughts. What we're seeing. Maybe serve some yodels and hostess Twinkies.

Definitely Phoenix Scottsdale. We've got a couple of other places we have in mind. And we'll let you know dates. Please don't call. Please don't email. We'll let you know. And you know how much I love Phoenix, Scottsdale, right? Not to mention other places, of course.

Anyway, so let us pull no punches. Nobody's ever perfect. Perfection is not part of life. I mean, if you bowl a 300 game, it's a perfect game in bowling. But in markets, perfection, not going to happen. But man, have we pretty much nailed it for you. guys. And again, if you follow the lead, you have missed a brutal bear market. You have missed all the bubbles popping. And when we mean popping, 80 to 100% drops. You have missed buying

buying into the nut house of valuations. You've missed everything. And we're quite happy with that. We had certain thought process and certain ideas of what was to come. Nobody else did. We were the only ones. Every day, they're creating a monster. They're creating gargantuan bubbles. They're all going to pop. We're going to have a major bear market.

How do we know this? Because it happens every time. We've studied history. We've spent thousands of hours. We've read the book, Extraordinary Popular Delusion, and the madness of crowds, we've studied all these bubbles and how it works. We live through 2000, 2003. We live through the housing bubble of 0708. The Beanie babies, amongst other things, we nailed it. We nailed the Fed. Nobody else talked about it. Do you know why? Because everything the central bank was doing made price go up. Why would anybody complain about it? a central bank that is making price go up. Why would anybody complain about a central bank that had a marijuana stock like Tilray

go from two bucks up to 67? Or get short squeezed of a game stop going from pre-split 64 cents up over 100 bucks. Why would anybody complain about that? Why would anybody complain if they had the IPO of Rivian at 78 that they opened up at 170? What about the people that had it pre-IPO? Why would anybody complain? What was our mantra? What did we tell you?

Nothing is ever bad as long as markets are going up. It does not matter what kind of termites there are. eating away at the markets that are eventually going to crush them because markets were going up at the time. A steroid user, nothing is wrong as long as they're getting bigger and stronger, even though they kind of have an idea that long-term steroid use will cause enlarged hearts and death, softening of the bones, called avascular necrosis amongst other things. But while they're doing it, look at me.

So nobody complained except us. And we were in the bull markets. Hey, I remember how many times we said, buy the hell out of the market. Guess what they're doing. But we told you, under no one's certain terms, these are the biggest distortions we've ever seen. And we told you the biggest distortion was the bond market, especially when Austria came out with a 100-year bond at 8 tenths of 1%. I'm told it's down 70% from the highs. We told you the biggest bubbles are in junk bonds. I'm looking at some junk bond funds that have gone from 9 to 6. It's a pretty decent drop for a junk bond fund, but nobody complained except us. And you know what people were thinking about us that we were insane and we kept saying he printed nine trillion dollars out of thin air

you don't think there's going to be a repercussion of that he sent rates down to zero percent screw and savers and watching people buy sculptures that were invisible for 18,000 bucks and nfts and freaking coins that were started as a comedy act go from zero to 70 cents, which is now back at 5 cents, and so on and so forth. Why are we bringing this up now? Because people that are losing their ass are begging for the Fed to go back and do what they did before in order to cover their asses. And you have people noted, noted famous economists saying the Fed must pivot.

They must slow down. They must ease. And I'm thinking to myself, How did we get here in the first place? Who are these economists to ask for this crap? Ladies and gentlemen, everything you are seeing now was caused by Jay Powell and Washington, D.C. Not by you and me. They created massive gargantuan asset bubbles that were doomed to crash. We told you that up front were the only ones that told you. Up front, everybody else didn't because nothing's bad as long as the market's going higher. And we're bringing this up today, as we have said to you on this show many times, we don't take on anybody on Wall Street. And boy, we could.

We just know how tough the business is. We don't want to blast this person and that person. Oh, and we could. So we're very general with it. We'll give you things about an analyst that had a buy recommendation on 100. it's now 18 and they just changed it to a cell. But we're not going to call anybody out. We don't like that.

But this is one person we had to bring up because we've got a thousand emails on her, Kathy Wood of the Arc funds. And I'm mystified. I'm goofed out. I don't understand this world. Maybe it's me. Maybe I'm the nut.

Because if I was down 77.8% in a fund, not in a stock, in a fund, A diversified fund of a bunch of stocks, 77.8%. I'd be in a cave right now. I wouldn't even want to show my face. I wouldn't even utter a word. I would be embarrassed. That somebody with 100 grand would be down to...

How much? 22,200 bucks. I'll explain up next. and then today's market. This is the one only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services,

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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 it. 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. And 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. 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 get to. 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.edu. 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 imagine this. Your fund is down 77.8%. And you're getting interviewed. You're getting quoted.

People looking for your opinion. And then you send a letter to the central bank that they must ease monetary policy. Why would you do that? It's called bailing my butt out. She wants the Fed to turn tail because she, just so you know, she was born of the bubble. She does not know how to manage money in a bare market. She doesn't know what she's doing. She does not have a clue.

She's never studied the things we studied. She keeps buying into companies that are losing a ton of money. And as we've taught you in bare markets, anything that loses money is going to be crushed. And that past leaders on average will drop 70% from the highs. and guess what's happened? And she keeps averaging down and averaging down, but she keeps getting interviewed, and now she's getting interviewed about her letter to the Fed

that's asking the Fed to do the things that caused all the problems. And you want to know why I'm so frustrated and so P-Oed. Do you know she's been getting money flows? She's getting money flows into her fund. She got big money flows a couple of months ago while she was down 65%. And I'm thinking myself, what the hell is going on there?

Are you all insane? Nothing personal. I've never met her. Couldn't care less. We do this show to protect you and your capital. And I'm just stunned. Not only her, a bunch of economists are on TV.

Well, we got to wait to see what the Fed does, but the Fed's going to need to pivot and they've got to pivot because guess what? They've got to pivot because look what's going on in the markets. You know what? They're begging for these people. to cover their butts. They're down so much. They think their only savior is the Fed because when the Fed is easy, the market goes up. But guess what we taught you here? It's just a mirage that eventually is going to be doomed to fail. We're seeing it in droves. We're seeing it in real time here, but they're all begging them. And now we're going to give you the complete disagreement. I want you to listen carefully. Remember, they've all been wrong. We've been right.

And we've got this thing nailed. I want you to listen carefully because the Fed will eventually pivot. Remember, just who these people are. They're not who they are right now. They're being forced to be who they are right now. Eventually, they're going to have to change their stance. Guess what everybody's expecting, hoping, praying. when the feds goes easy again, the markets are going to get going,

and that's what's going to save the day. Not earnings, not sales growth, not great companies, not bad companies, not mediocre companies, not management, not supply, not demand, but the whims of a man who created the greatest asset bubble in the history of time and 11 of his minions that couldn't even tell you what day it is. that's who they're looking to to save the day but here's the problem

and I must tell you I say it every time I'm on TV it's falling on deaf ears it's going through one ear and out the other why is it going through one ear and out the other because nobody wants to hear reality they want to live in the land of fantasy that whatever this one man going to do

even though he has just screwed everything up and destroyed so much wealth that somehow, some way, he'll go back what caused the problem. And let's just bubble up assets one more time and I'll get out the next time everything will be okay. But here is the problem. And I want you to listen to me carefully because this is the most important thing

I've been telling everybody here and on TV and it's been falling on deaf ears. Do you know how I know? I'm not being asked by the New York Times in these big financial newspapers from my quote on the Fed. They're going to people that are going to say that everything's going to be okay when Jay Powell changes his stance. So I want you to listen carefully. He doesn't matter now. He's nothing to the market.

He can affect it for a day or two. The real market has taken over. He is a passenger on the bus. It's always supposed to be the real market, the buying and selling and investing in trading of investors, of traders, of speculators at a certain price, at a certain time, at a certain size, without the interference of a numb skull.

And he had his wait for a while, because what did he do? Unimaginable amounts of conjured up money and look at me, I'm a hero. Everybody loves me. I'm Jay Powell. Here I come to save the day. No, he's destroyed markets.

And it is the market that's driving the bus right now, and I got Newsfea. He can urinate on a spark plug right now. It ain't going to help. I want you to listen carefully. The 10-year yield. The real market is at 3.939%. He's at 3.

He don't matter. He's nothing. He's not affecting your mortgage. I can't believe when I turn on the tube in somebody saying he raised rates last week or two and your mortgages went up. No, it didn't. It's a lie. He's not even near the market.

He's so far behind. It's not even funny. The two-year yield is trading like four-three. He doesn't matter. Yet these people keep bringing him up like he does matter. I don't know where their heads in the sand of their line. These people who keep saying, oh, once he pivots, the market is saying he better not pivot. The market is saying there's some underlying stuff going on right here that yields have to stay higher.

and if he doesn't get in line, markets are going to be pissed. You got it? If you went to go get a mortgage today, it ain't based on Jay Powell. It's based on the 10-year yield at 3.939%. Yet they're all out there. I don't know whether they're BSing or just stupid. Up next, we'll put a bow tie on this. You better be listening.

This is the one only investors' 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 them, 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 experiment on it. 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. 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. What do this animal... And this animal... And this animal? Have in common? They all live on an organic valley farm.

Organic Valley dairy comes from small organic family farms that protect the land and the plants and animals that live on it from toxic pesticides, which leads to a thriving ecosystem and delicious, nutritious milk and cheese. Learn more at OV.coop and taste the difference. 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. So, as I've said to you before, the market now is like every ex-girlfriend and every ex-boyfriend you've ever had. And you're trying to get back together with them.

won't even take your phone call. I don't want to hear from you anymore. They're out of love. Leave me alone. Goodbye. I moved on. The market has this certain finger, not the thumb,

not the index finger, not the pinky, and I don't even know what they call that other finger. It's the middle guy and is shooting it right at Jay Powell. Hey, clown, we're at 3.939. The two years at 4.31,

you're at 3%. Ha ha! Here's the problem. If Jay Powell lowered rates today, his little Fed funds from 3 to 2.5, I bet you the Dow would open up 1,000 points tomorrow, and I bet you'd be down 2,000 points within a week. Do you know why? While he goes to 2.5, the yield that doesn't matter, the 10-year yield may go from 3-9 to 4-5. The yield that does matter. And do you know why? Because it would see that you're no longer fighting the inflation that you created, you moron.

And in order to account for the inflation, bondholders want higher rates. You're catching my drift now. We have the worst possible people running the show. And the economists are a bunch of doofuses. And let me just tell you, some of these economists are the most famed economists on this planet. None of them have any idea that we have a popped bubble here. This is not a bare market. We have a popped bubble where you have a ton of assets down 80, 90, and 100%.

You have stable coins that went from whatever to zero. overnight. You have famed stocks down 90%. You have the short-squeeze stocks that have gone from the penthouse to the outhouse in weeks, and none of them even know it. We do, and we still have not seen any characteristics of a big bare market bottom, unlike what I've been seeing people say. will tell you to a person, they're all out there saying, once the Fed pivots, what did I tell you? Every ex-girlfriend and every ex-boyfriend. And then you got this Marxist in the White House. He's our opponent. He's a control freak. The latest. I don't know if you saw Uber and Lyft stock today but getting crushed even more because he wants to make the drivers employees and not

independent contractors even though they keep their own hours. Joe Biden is insane. He's a control freak. He's been marketed for 50 years as a moderate. He's a Marxist. Drivers now employees. You know what that means? He's insane. Higher taxes, more rules, more regulation. more fees, more fines, more mandates, more middle fingers to we the people? Competition isn't tough enough out there. Let's make them employees. You know what kind of advantage it is to be an independent contractor versus an employee? Gargantuan advantage.

If you should be an employee, fine, but drivers? An Uber driver that can decide on when they drive? That's the definition of an independent contractor. That's just the latest. Besides the fact he raised taxes on corporations coming out of a pandemic. And of course, the corrupt media didn't cover that. They like that for some reason. I don't know what the hell happened to the media over the last whatever.

I guess it's been for a long time. They're insane. They like people controlling their lives. They've all forgotten that government's supposed to work for us. We're not supposed to work for them. It's insane what's going on. Anyway, don't pay attention to the Dow today. It was up 36.

Meaningless. You know that, right? Dow was up 36. Market wrap brought to you by Investment-Models.com. That's Jim Rohrabach, one of the great market timers. No gray areas with the man you're either in or out of the market, with his proprietary indicators. Go check it out.

Investment dash models.com. NASDAQ was down 115, NASDAQ 100, 135. Guess what we tell you leads up and down. NASDAQ, NASDAQ, 100, technology. Dow up 36, NASDAQ down 115. What the hell's with that? NASDAQ 100 down 135.

What the hell's with that? Semiconductors down another 56 today. What the hell's with that? Oh, but the Dow was up 36 today. By the way, with the Dow up 36, the NASDAQ, was down the equivalent of, let's call 200 Dow points. Because the NASDAQ, NASDAQ, 100, and the semiconductors. 1,435 new yearly lows.

New yearly highs, I think I found one. And let me say with the Dow up 36, Amgen got an upgrade today, and I couldn't tell what were the reason. It was up 18, finished up 13 and changed. It's about 75 Dow points. if Amgen was flat today we'd be down 100 on the Dow. So less than thrilling day today, with the Dow up 36. And there was some green today.

Retail was green today. Defense stocks were green today. Everybody likes a war. Managed Care green, and a few of those names don't even know it's a bare market. Some of the staples are up today. Good, good. But you know it was bad today? The financials were terrible today.

The semiconductors were bad today. and you know that high beta growth technology software thing. Blasted today, which is not good today. Oil prices did drop $2.5 bucks today because they had a nice little move up over the last few days. And let me just state for the record on a consumer basis, oil coming down is good, oil going up is bad. So good day today.

But yields were up again today, not good. And just overall, blah. Wish I had better news. Please don't pay any attention to the people begging the Fed to ease again. It is easing that caused this nightmare, and by the way, this nightmare is not over. You got that? When we think it's over, we're pretty sure we're going to be able to tell it. It's over.

Notwithstanding the counter-tren rallies we have called a few times during this, fair market and I must state for the record. A couple of counter-trend rallies lasted a day or two. One lasted a bunch of weeks, others lasted a couple of weeks. That's been it. And that's today. And may I state for the record, these semiconductors, holy crap. And what sector have we told you 90-some-odd percent of the time over the last couple of decades lead markets up and down? Oh, the semiconductors, why would that be? Well, they're in every, Up next. This, that and the other thing and whatever else.

This is the one only investors' edge. 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 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, 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 Quantum? 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. 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. So what do this animal And this animal And this animal Have in common?

They all live on an organic valley farm Organic Valley dairy comes from small Organic family farms that protect the land And the plants and animals that live on it From toxic pesticides Which leads to a thriving ecosystem And delicious, nutritious milk and cheese Learn more at ovi.coop

And taste the difference. You're listening to What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Wester's Edge. With Gary Kaltba.

So, I don't know if you know this. I haven't talked about it a lot, but there's big problems in United Kingdom. Worry about pensions. Let me just tell you what's been going on. So when I first went to United Kingdom, it cost me like $2.10. to buy a pound, it's now a dollar 10. The euro now is, I think the first time I went to Europe was like a buck 60 to get a euro. It's now 97 cents.

And of course, the reason this is going on, the reason why that our dollar is strong and they are weak is because they went more insane than Jay Powell, which I don't know how much you can do that, but they did. And plus, we are one of these safe haven things, the dollar. So what's happened is recently they need to fight inflation. How do you supposedly? Supposedly, they keep telling us you fight inflation by causing a recession and people lose their jobs and you tighten policy and blah blah blah. Yeah, great, thanks. People lose their jobs and that's going to help. Well, the United Kingdom was fighting inflation by raising rates.

But then the pound kept sinking, people in trouble. Guess what they did? They turned tail and started lowering as they started printing money again. Wait a minute, they went back to what caused the distortions and the problems in the first place. Just remember, all the problems, listen carefully. Everything we're seeing have come from central banks creating bubbles that markets got used to. Economies got used to. The wealth effect was into the economy, and that is all reverse now, and they don't know what the hell to do.

Again, they think they could just add steroids to somebody that's addicted to steroids that has big health problems. So now the issue is the United Kingdoms come out and said, they just did another bond purchase to help out, but they say, oh, three days and we're done. The problem is the pensions, is worried about pensions there, that they're underfunded, what else is new just like here,

and all hell can break loose. So that's going on. And I can go on and on with that. But I just want you to remember again, everything, Every prom has been emanating from the central banks taking over and creating a big, gigantic, gargantuan, juicy mirage of wealth. That was doomed to fail, and we warned you three, four years ago, the eventuality. I think I used the word eventuality a thousand times on this radio show.

the eventuality of one man and his whims and the bunch of lemmings following him saying, hey, look, look what he's doing, his markets are going up. Let's follow the leader. Everything you are seeing is the eventuality of a bunch of morons playing God with the biggest free markets in the world and thinking they can do it forever.

And now people are hoping They repeat the same thing that caused the problem in the first place to bail their asses out because they did not know how to manage money in a bear market leading to my usual mantra. You will never get any help from Wall Street when the bear market hits. The only question is now, remember what we said from the outset of the bear market. If this is a bust of the bubbles, it is going to be a big one. That's the only unknown right now. but I think we're about 3637 on the NASDAQ now.

That's a lot. What did we tell you recently? What did we tell you a long time ago? We would not be surprised by the 50s. And the only reason we're not there yet is because of the apples and some of these mega names that are only down 25. Remember, Apple is like 11, 12% of the NASDAQ 100, one stock, 7% of the S&P, which is so stupid. And if we drop 50 on the NASDAQ, I suspect the S&P will be about 33. The Dow will be about 25.

And then we'll see. But we're going to be patient, outside looking in, and we've studied every bottom of every bear market. We've studied every new bull market. We kind of sort of have that game too. We'll be ready. We think. Never guarantee. I'm not allowed to guarantee anything in my business.

But I can promise you this. I haven't seen one characteristic yet. Yeah, I know about sentiment. There's guys on TV, been calling the bottom for nine months because of sentiment we keep telling you. Sentiment is different in bear markets than bull markets. And these people never took a minute out of their time to study that. So don't pay attention to that. Price dictates everything.

Price. You don't get paid on sentiment. You get paid on price and the movement of price up or down. Do remember that. Your stock does not move on somebody's opinion. It moves on buying and selling by the big institutions, the big mutual funds, hedge funds, based on the well-being of these companies. Remember that. And today sucked.

We would rather see the down $300. and the NASDAQ flat. That was up 36, the NASDAQ was down 116. And by the way, more technical damage done today in the market. What do we mean by technical damage? 1,335 new yearly lows on the NASDAQ and the New York Stock Exchange. By the way, I think there's only about 6,500 total, somewhere in there. And I've noticed some names that were actually trying to hold up getting blasted.

And remember, markets don't have bias in bare markets. What's the other line? What's the other rule? Eventually, they get them all. There'll be some outliers that hang. Eventually, they get them all. And that's what's happened in the last couple of weeks. Some of the stalwarts.

Remember we told you the waste management companies? Holding up like rocks? Gone. Solar's most gone. We really hope you're listening. We're a determined bunch here. Have a great evening. Drive carefully. And when you get home to like we do, it's quite simple.

Make sure you hug your family. Make sure you hug your children. You will feel better. They will feel better, I promise. Get some exercise. Take it easy, relax. Pay attention. We think it may get worse before better.

If anything changes, we'll let you know. Peace out all. Tomorrow will be on with Charles Payne 2 p.m. Fox Business Network. Have a good one. Bye-bye. This has been Investors' Edge with Gary CultBomb 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. 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. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero chafe thanks to four

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