Investor's Edge with Gary Kaltbaum - NEW HIGHS [05.15.2024]

Episode Date: May 15, 2024

https://garykaltbaum.com/

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That's Amazon.com slash HUB delivery. Now looking for hub partners in your area. 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 Colbom, your host. A thanks of being with us today.

Glad you here, ladies and gentlemen. Happy that you are listening. It is Wednesday, May 15th, 2024. Hope you're having a good day. Lots to cover, lots to talk about. 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, which is now at, And if you don't follow us on X, go there, put my name in and follow us.

And you can email us, just be nice. No, really, just be nice. I've gone back and forth with some people that completely disagree with me on some things, but they've been very nice and I'm very nice back to them. That's how it should be. Yay. Okay. Also, this is serious talk on everything that affects you.

And as we go towards the election, we're going to get much more serious. And we're going to state the facts. We're going to state the policies. We're going to state how you feel, how I feel about the policies. And I will explain why. In other words, state with backup as we move forward. They have announced they will do debate. States. President Biden's acting like it's his idea. No, he was forced into it. I hear this two, but there may be three. And the only thing I was thinking to myself, and I mean this dead seriously, boy, they're lucky I'm not on that dais. I would murder both of them on that dais. I would murder both of them. They wouldn't have a shot with me on that dais, talking plain simple.

We the people. And then go down from there. But I'm not up there. So we get them. The Ebola virus versus the bubonic plague. Well, that's what I named it. Nothing personal. I have to tell you, I've met Donald Trump, but I really haven't.

I walked past him at WrestleMania when WrestleMania was at the Trump, was at the whatever, the Trump's whatever in Atlantic City. that's my meeting with Trump I've never met Joe Biden nothing personal but these are the CEOs the two past CEOs of this country and I'm a voter

I count and I just happen to be a mouthpiece too so I get to yap it away and we will do that as we move forward now also with this show what we're dead serious about is first and foremost the protection of

capital and secondly making a bunch of money like on January 8th when we said if Nvidia breaks above 505 buy the hell out of it and it went right to 900 and change and yesterday we said it was setting up again that's up 33 bucks today and we'll get to that in a minute but we start today with the protection of capital and I promise you we'll get into the market because very good day and some very important things happened today. Of course, tomorrow is another day, but some very good things happened today.

But let's go to the meme stocks. Why? Because they're very noisy. And as we told you, two days ago, when they started ramping up because amazingly, something called Roaring Kitty,

a person on Twitter who supposedly was the catalyst, I guess was the catalyst from the first go-round with GameStop, decides to tweet some pictures and videos, and I guess the people that follow that stuff jumped all over it and GameStop went ape crap to the upside, and it took along that other one, AMC theaters. They're two very shorted stocks in the market. And just a, how do I put it?

A big wow. And we said to you on Monday, on this show, ladies and gentlemen, we have no idea how this plays out, how long it lasts, how far it goes. We had no idea the last go-round. But, and we said this specifically, and to the point, don't be the last one in because they all go back to where they came from. And yesterday they gapped them up.

They gapped up, GameStop, a close of $30.45. They gapped it up to $6483. They closed it at 4875. So if you bought the open, you're already losing your butt. And all we said to you was, just be careful. And after the close yesterday, they were up in the aftermarket, but that's not what happened this morning. And I just want to point out something of import, take it or leave it. I've used the word random when it comes to these moves.

Just remember that. I have no idea where they gap them up or gap them down tomorrow. I have no idea if they ramp them back up to the highs or they just send them down. What I can tell you is a fact. As I speak with a couple of minutes left with the market to close, GameStop is down over 40% from yesterday's open. AMC is down over 55% from yesterday's open. And that's what I mean when I say to you,

random. Be careful. Be careful. Imagine buying the open yesterday. Remember what I told you. I was getting people contacting me. What do you think? What do you think? What do you think? And I would try to explain to them, I don't know. One person got pissed off because I said, I don't know. What do you mean? you don't know, like I know. So, again, from just being the voice of protecting capital, just that voice, as I speak as we close, AMC's down about 55% from yesterday's open, GameStop over 40%. And those are the two that, I don't know if there's any others that have got moves. I think there was a couple of others, but I'm not even going to mention, because these are the two that really everybody's been concentrating on.

And just remember how much down they are, not how much up they are, because you had no shot of getting in on the upside, because the noise didn't start coming out until they were already up big time. Hope you're listening. To me telling you, I don't know. but I do know what happens ultimately and I don't know when that is could it be possible that this was a two three day wonder sure

could they rally them up even farther sure I just don't know and we're pretty damn good at this do I worry about these things hell yeah That's not markets.

It's worse than casinos. Casinos have a small edge on you every game. The market with these things have a huge edge on you. Why? Because psychology says you are going to get in after a big ramp, and boy, you're going to sell down into the clothes. Psychology. So we just want to start with that

Because we believe that's movie importante And we don't want any of you caught in it And let me repeat I don't know What's next But just in case We don't want you getting caught in it And if somebody bought the open

Yesterday and did not trade it They are losing their arse and we don't want you losing your ars, ARSC, I believe. Now we segue the market. Something happened yesterday in the market that had our interest. And that was, we had this big inflation number and yields came down. What happened today? That's up next on Insta One and 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, 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, will carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-2-5-59. That's 8-8-5-59. That's 888-4-22-55-59. Investment advisory services offered through call-bomb Capital,

management. 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 10,000, 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. 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.

Amazon Hub Delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub Delivery. You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you, and you'll be paid for every package you deliver. Getting started is easy.

There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits. Earn more. Gain exposure for your business. Apply today at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Know a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it.

Refer a business today and earn a business today and earn a business. $500 when they successfully join the program. Visit Amazon.com slash hub delivery to learn more or refer a partner. That's Amazon.com slash HUB delivery. Now looking for hub partners in your area. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, Oiraida, Silk, Capri-Sun, Bavarian Meats, and Sharman, then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up or delivery.

Restrictions apply. See website for full terms and conditions. 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. Okay. So of import. As we always tell you, I have no clue about tomorrow.

I have every clue about today and what happened today. But let's go back to yesterday. We have been waiting on inflation numbers. Inflation numbers, yippee, yeah, yeah. and what we have been telling you here is one of the big deciding factors in the market is which way interest rates are going. That's been the big deciding factor. Straight up.

Not Jay Powell. And I know when you turn on the TV, all they talk about is whether the Fed is going to lower rates. And every time I'm on TV, I say, don't worry about the Fed. he doesn't matter. Why doesn't he matter when everybody's talking about it? Why listen to Gary? Well, it's because I've been right about the Fed for a long while. We warned you about inflation because of their money printing. We warned you about his money printing causing all kinds of bubbles. You know what the one thing we didn't warn you about? And we had, did not even think about it. We call it the three seven. It was almost the three eight. And what?

What that means is who the hell wants to sell a house with a 3% mortgage and buy another house and have a 7.5% mortgage? Thus, nobody wanted to sell until because of the 3% mortgage, prices have gone through the roof in some areas, which are now coming down. I don't know if you know this. A bunch of areas, housing prices are crashing from the high end. Because they went into fantasy land. That was because of the Fed. Just remember, when you had zero percent interest rates, that wasn't the free market. That was one man in his whims.

Just remember that. And all we have now is the normalization of free markets. And he's not even on the playing field. He is like not even a second string quarterback. He's like the water boy. and he talks and I hate when he says we've taken down inflation

they haven't gotten inflation down they caused the inflation the reason why inflation's down it's the natural order of things remember first it was the Putin price hike then oil prices came down it was because of Biden

then it went back up again it's the Putin price hike they don't know what the hell they're talking about so we watch the free market because he's no longer printing money. When he's printing money, remember, he printed to $9 trillion and bought the hell out of the bond market. And he took the Fed funds rate down to zero, screwing each and every one of you with your savings. What has happened since the last meeting of the Fed, interest rates have crumbled.

And because interest rates have crumbled, the market has head higher. Simple as that. And today something happened. And whenever we say to you, something broke out of range. We've said that many a time. What that simply means is a stock, an index, a sector, a country. Let's just say that entity is bouncing around between 90s, and 100. And every time it hits 100, it gets shot down. But every time it hits 90, it gets picked up.

And it's just a bouncing ball between 99 and 100. 90 and 100. But then it stops going down to 90. It only goes down to 95. All of a sudden, it's 95 to 100. It's tightening up. And then it's 98. to 100. It's tightening up even more. But for six months, it could not get through that hundred, the highs. And then it does. That's what it means by a breakout. And there are breakouts that are important and then some unimportant. The most important breakouts. It's simple. The indices, the NASDAQ, the NASDAQ 100, the S&P 500. I'm going to say a little less so the Dow, though it matters. And all I can tell you today, the S&P broke above the old highs of March.

The NASDAQ, which edged a little higher above, no, it didn't yesterday. It broke above today. The NASDAQ 100 broke above today. The XLK, which is technology sector exchange traded front, broke above the new highs. Now, just because something breaks out does not mean it's going to stick. We have told you in rough of our markets, breakouts will fail. But when the indices break out, it's usually meaningful. Why? A simple line.

New highs beget. More highs. Why? Well, the S&P 500's 500 stocks. It's not going to be all 500, but if a bunch of them are breaking out, it's a meaningful thing. The NASDAQ is, I don't know how many names are the NASDAQ, but it's a bunch. It's a meaningful thing. The NASDAQ 100, only 100 names.

but it's a meaningful thing and you can tell which ones are doing the trick and then you lower it a little bit to important names guess what you had some important names moving to highs today there is your story new yearly highs on the indices

the socks the Philadelphia Semiconductor Index is not there yet but it is close and you had alarm bells going off We had told you, NVIDIA was tightening up, and boy, did it make a move today. They report earnings in seven days. And we'll see if this sticks, if this sticks bullish. And that's it.

Sentence ends. If it sticks, bullish. Sentence ends. Now, that said, not everything is going along for the ride, as usual. The transports continue to act like the south end of a northbound jackass. But on the other end, the small cabs, dare I say, they're sure trying to come on now. Every time I say that, they fail, though. And there's some other areas that are laboring now.

The oils, they're laboring. But that's actually a good thing if oil prices stay down. They're laboring. And of course, we have this one screen of buried stocks. They bounce today. Up next, we'll keep going with this. Thanks for being here. I'm Gary.

This is the one only investors edge. Hello, 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.

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 Volt-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. Amazon Hub Delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub delivery.

You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you. And you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits. Earn more. Gain exposure for your business. Apply today at Amazon.com slash hub delivery.

That's Amazon.com slash HUB delivery. Know a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program. Visit Amazon.com slash hub delivery to learn more or refer a partner. That's Amazon.com slash HUB delivery. Now looking for hub partners in your area. Hey, it's Ryan Sechrest for Albertsons and Safeway.

It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sung, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up or delivery. Restrictions apply.

See website for full terms and conditions. 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. And welcome once again to Investors Edge. If I am correct, you had some pretty good volume on the NASDAQ today. I can't tell the S&P. It doesn't matter. The market is at highs. Let's see if the new highs but get new highs as we move forward. The other part of the equation is I said the semis.

They're on the move. Yesterday I said to you if financials are strong, very tough to take markets down. And let me repeat why this is going on. It is that correlation between lower yields, which by the way, the 10-year yield dropped another 0.89 today. What does that mean? That means it dropped from 4.4, 47, 45, excuse, me to 4.356 on the 10-year yield. And I believe the combination of the Fed easing, which I told you they did, the unprinting of printed money, and maybe not so great news, which will lead to my next statement. So they came out with some economic numbers this morning, and may I state for the record, they're not very good. That said, you know the question that's always asked the people, do you think we're going in recession? You think you are going in recession.

You think we're going in recession. You think we're going in a recession. What do you think? You think we're going in a recession. I will almost promise you because I can't promise anything. I can't guarantee anything. got to respect the regulators. But I can certainly tell you that most often the market will know if we go into recession because it'll take a crap.

Simple as that. And the market isn't taking a crap right now. Let me give you some things. Retail sales, much worse than expected. The New York Fed Empire State manufacturing, much worse than expected. And pretty much, I would call it on the recession front. Manufacturing, at least, overall. Now, manufacturing, there's also services which matter also.

And I believe there was a housing market index that came out much less than expected. So I think the combination of we had this CPI inflation BS number today, which was accommodating. It was nice. Nothing bad. Versus the PPI yesterday, the producer price index. But yesterday, even with that, yields came down, well, they came down a lot more today. And the combination of that, which takes down the dollar, lifts the market, and that's what you got today. Simple as that.

Advanced declines good on the New York. Not so great on the NASDAQ, but new highs really picked up. Dow is up 9 tenths of a percent. The S&P 1.2, 1.15. The NASDAQ was up about 1.4. NASDAQ 100, about 1.5. The semiconductor index about 2.6, 2.7. and just the good tone for what we call the risk on areas,

except for the meme stocks, which I don't want to say I hope you listened, because I got news for you. There's money to make trading around them, but I certainly hope you listened on an overall basis. Remember what I told you on, I mean, amazingly, all I did was come on this show and say, just be careful, because I really don't know how this plays out. This was Monday, and somebody that night rips me on Twitter, a faceless adult that doesn't show who they are, but rips me.

And starts having conversation with somebody else that's just a moniker, a faceless person, hey, do you see what this moron has to say? and all we said to you was just be careful because it's going to be very random and in the end they will go back where they came from and as I said from the open yesterday in the 50s for AMC

in the 40s for GameStop and I say that telling you I don't know what they do tomorrow maybe they gap them up maybe they gap them down or maybe they take them back already where they came from in three days thus the

next the crypto woke up and leave no doubt the crypto is somewhat of a risk on entity so just letting you know on a technical basis yeah it looks like

finally trying to put in a whatever and by the way I don't think by any accident they topped out right when the semis did and as we have told you, the high-octane part of that equation is the micro-strategy. But if you can stand watching something go from 2000 down to 1,000 four weeks, good luck to you.

By the way, it's back up from 1,000 to 1,500 in a matter of 8, 9, 10, 11 days. Good luck if you can handle that. hopefully you have some Xanax and Valium available and that's the story what we're watching now I heard some people also earnings are good there come on earnings suck they're good earnings there's some very good earnings for some but on the whole

psh come on who are they trying to kid earnings you're Bank America New Yearly High earnings earnings down 19 that's terrific Texas Instruments, New Yearly High, earnings down 35. By the way, Texas Instruments not only New Yearly High, but it's kind of moving. And guidance is for down 30 also.

So again, we don't know what's taken place here as far as the fundamental side, because there's a lot of stocks that have been on the move that the numbers are just... The hope is that the earnings recover in a very big way. If they don't, you are ending up with a hell of a lot of high valuations. The other part of the equation, interest rate sensitive. We've been telling you, utilities have been strong, and I think that's been saying something, but the housing stocks woke up today and some housing related also. In fact, the housing ETFs jump back above the all-important 50-day moving average today,

and that's important. And I also have to mention the very weak software group that broke back above the 50 day today as Microsoft jump back above today, which is a start. Not the end-all be-all, but a start. But the most important part of the equation, ladies and gentlemen, is very simple. New yearly highs in the big indices. And quite the often new yearly highs beget even more highs. Tomorrow's Thursday. We'll see what happens.

I know somebody who swears the market's topping on Friday. A lot would have to happen for that to happen. May I state for the record as some pretty good action as I speak. And that's a little market story. And we'll be here every day keeping you abreast of the situation. But also, just remember, there's a ton of stocks in bad shape. a ton of stocks in bad shape and we'll stay out won't go near them rails truckers pew casinos pew bunch of the hotels pew oils most of them now ugh a ton of retail blah up next speaking of

Blah. What's going on in Washington? I'm Gary. 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 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, 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 time? of this technology. There will come a point when it will mature. Right? Yeah. 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. Want to earn extra income for your business? Amazon Hub delivery is very low. looking for ambitious business owners to assist with local deliveries. When you become a partner, you and your staff will deliver packages to customers in your area on a schedule that works for you. With each package delivered, you'll gain extra income and exposure for your business.

Plus, Amazon Hub Delivery makes it easy to get started. There's no upfront costs, delivery experience, or long-term contracts required. Sign up to learn more at Amazon.com slash Hub Delivery. That's Amazon.com slash H-UB delivery. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stock up savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin.

Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. to. What are we waiting for? Well, what are you waiting for?

One, two, ready, go. Investors Edge with Gary Culper. Hey, welcome once again to Investors Edge. Hey, did I tell you, is it amazing sports? So the Knicks get whooped in Indiana, and they just whip right back in New York last night. Isn't amazing? Jalen Brunson and over 40 again. Nice. They're up 3-2 going to 6-game in Indiana. Man, oh man. The Rangers are still up 3-2. We have to go in up 3-0, but they are in Carolina. Do not lose a 3-0 in hockey. They were beat, they were just outplayed last game in New York.

looks the best in the NBA, though. I hate saying that. But that's why they play the games. In the news, well, I don't know if you know this, but the colleges have been cutting deals with the ass clowns. They cut deals with the encampments I heard in Harvard and a couple of other places. and I'm just thinking to my, they cut deals and, you know, they gave, I'm not going to say gave away the store, but here's what I don't understand. And you can correct me if I'm wrong. You're a college. You have authority. You have students breaking the law and knowingly breaking the law.

You have videos of some of the students attacking others for being Jewish. hate crimes. You have others blocking students Jewish from going into the library to study, cornering them in corners, not letting them move. By the way, there's a law against that. Yet you negotiate with these pieces of crap. And do you know what they negotiated on? You ready for this? if they were suspended, immediately cancel the suspension? Number one, really? So in other words, you do all this, and we're just going to give you the store.

Oh, we're going to have now a committee to negotiate on where you invest your money. Oh, in other words, us anti-Semites don't want you investing in Israel anymore, and you negotiate that? it's insanity do you know here in Florida and it hasn't been perfect but it's pretty damn close

University of Florida basically put out a note without saying it said yeah try and see what happens and guess what there wasn't any of that crap going on

have you also noticed a little bit of dying down all this worry about Israel go into the southern border of Rafa on Egypt, where by the way, Egypt is upset that Israel, when they should be thanking Israel, Egypt will not let a Palestinian end. I don't know if you know, but Israel has done a fantastic job in Rafa.

They've gotten a ton of terrorists. They're finding arms in the UN-denoted areas. Isn't that lovely? and they've done more to move people around. Did you also know, and this is not a, because you don't want any innocents dying. You know, all this talk of the Hamas run health ministry and how many people are dead there. Well, they cut the U.S., even the U.N. cut that in half and even more than that. And we're also finding out a bunch of terrorists were counted as Palestinians.

You know what I say to the terrorists? I can't say it on radio. Have you noticed that part of the equation is quieted down, even though NBC Today Show? You know that nice little morning show? That sweet morning show has gone totally into anti-Israel, which means the rest of them, God, amazing. Dumbasses?

Anyway, that was in the news and is less in the news. And I will make a prediction. Just me. Gary Schwartzcloth. I give it about 60 days and the job's going to get done. They'll pull out and then there's going to be something negotiated as far as security. And then the big, I don't know if you know this. You know how they say apartheid?

Do you know me tens of thousands of Palestinians would come into work? Israel every morning. That ain't happening anymore. And I doubt will happen because of terrorists. Yeah, apartheid, right? I think it was like 100 to 200,000 Palestinians. Every day going to work into Israel. Oh, by the way, a couple of hundred thousand Arabs were during Ramadan in Israel praying at their site. Just let you know the apartheid that's going on in Israel. I give it about 60 days, but if you want to, you think Israel had secure borders before all this, the hammer is going to be put down. That's going to be the end of that. And we'll see how it plays out.

We'll keep you up to date on it because it is important that this great miracle in the Middle East, this great democracy, this land, the people that unbeknownst to the liars or maybe benoenced. Treat everybody equally. While across the border where everybody's being defended, you want to be gay, you're dead. So we pull no punches on it, and we never will because we know the truth in the story. And we think leadership here is really let down

for political reasons. and we won't forget that any time soon. That's in my news, ladies and gentlemen. Otherwise, the Trump trial remains in the news. I have no idea what comes of it, but as I have said to you, it would have never come to trial if it was a Democrat. That's how it's working right now in the justice system, unfortunately. That all said, you all have a great evening.

Drive carefully. I'll be on with Varney and company tomorrow, Stuart Varney, the great Stuart Varney, 10 a.m. Fox business. And same time here tomorrow, you'll have a great evening drive carefully. When you get home, do like we do quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise. Thanks for joining us. Peace out. Have a great day. Good night, all. Bye, bye. This has been Investors Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com.

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