Investor's Edge with Gary Kaltbaum - New highs where [01.06.2026]
Episode Date: January 6, 2026https://garykaltbaum.com/The opinions you hear on BizTalkRadio, BizTV, or BizTalkPodcasts are those of the hosts, callers, and guests and do not necessarily reflect those of BizTalkRadio, BizTV, or Bi...zTalkPodcasts, its management or advertisers. The information on BizTalkRadio does not constitute a recommendation, offer, or solicitation to buy or sell any product or securities. Please consult a professional before investing.
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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 biz talk studios here is gary cult bomb and welcome once
again to investors edge i'm gary coltbaum your host day thanks for being with us today glad you're here ladies and
gentlemen happy that you are listening it is um the 6th of january tuesday uh 2,026
Yeah, 2026.
Two,
2006,
200026.
Hope you're having a good day.
As always,
serious talk on everything that affects you.
We'll do the markets.
Oh, we'll do the markets.
The economy, your job,
your industry,
and a couple of certain industries today
to cover.
And if you do not get this,
by the way,
and we'll do the Morlocks also in D.C.
That, you know,
we'll see.
Blah, blah, blah, blah, blah.
you know what I did today?
I left the news off.
If you do not get this radio show
and your city,
we'll post it at garyk.com.
We'll also post it on our X feed.
You don't follow us on X.
You should just put our name in.
We'll also post it on podcast apps
and the YouTube channel of BizTV.
And if you'd like to email me,
it's pretty simple.
You just have to be on the nice side.
Ladies and gentlemen,
there are days we can do news
there are days that we want to do markets, markets, and more markets.
So I want to start out and finish with markets today.
The big question we got asked in the last day was about oils.
And you know what I said to everybody?
I'm agnostic.
I'm agnostic.
the reason and the question was asked because of Venezuela.
The reason agnostic is I think there's just so many moving parts.
I'm pretty sure it's going to take a couple of years.
And we still don't know how this is going to play out as far as extraction of oil and who's going to be the extractors.
And whether it's going to be us or them or who or what.
and as you know, I am not a fan of us being a part of that, but they don't give a crap what I think, so that does not matter.
All I can tell you is the oil stocks that had a good day yesterday on the perception that they are going to benefit big time from this were hit pretty hard today.
I'm staying away.
We'll let you decide.
Chevron gave back the whole move down seven bucks and changed today.
That was one of the main names talked about.
The refiners, they didn't give back that much,
but Marathon Petroleum was down four and a half bucks.
How was three and a half bucks for Philip 66?
These are refiners.
Valera wasn't so bad.
down to and change.
So that's still sticking up there.
But I have to tell you, I kind of have an idea about oil and how it works.
I've studied Phil Flynn, one of the brightest people when it comes to the energy markets and how he looks at things.
I just don't think oil prices are going higher a lot.
If anything, I think they're going to go lower.
That's my overall thought.
You got a president that wants to drill baby drill,
and I don't know if they're drilling more, whatever.
And in case you don't know, the production of oil under Biden was fine.
You know, the Trumps and the right were complaining about him,
but they were drilling.
So as far as oils, I'm very agnostic.
I'm just not going near them.
I don't see a reason to.
there are many that believe that oils are going to catch up to the other commodities that have been going crazy.
Well, let me give you a hint.
Symbol, U.S.O.
That is the exchange traded fund for the spot price.
Number one, you want to know if it's going to go higher?
It would first have to break above $70.58.
it would then have to move above $72.34.
It would then have to move above $74 and a quarter.
It would then have to move above $7832.
It would then have to move above $81.13.
It would then have to move above $83.57.
It would then have to move up above $84.58, which is January of 25,
which would be just about the high of April of $3.357.
which was just about the high of September of 23.
And then it would have to get above 9220, which was June of 22.
And then it would have to get above, you have to go before COVID.
You'd have to go above 106.56.
And then 129.90, you get my point.
We don't have to wonder or listen to what anybody.
believes or what anybody predicts, all we have to do is watch price. And if price doesn't move above
that first number I gave you, it has no chance. Even if it moves above the first number,
you've got to hit the second number and get above it. If it doesn't get above it, it has no chance.
That's how you do it. Sometimes it's as simplistic as I, as I,
optics. So when you hear all these predictions and what's going to be in 2026, I must tell you,
you know what the favorite stock of 2006 for a bunch of people that I saw was Tesla. So far in
2006, Tesla is down $20. That's all. In order to be the best stock of 26, it'll have to get
that $20 first and then so on and so forth.
Tesla was down 20 bucks today.
The story goes, and as we have told you, their car numbers are terrible.
Everybody's saying buy it because of robots and driverless stuff.
But it's tremendous competition in robots and driverless stuff.
So we'll see how it plays out.
I know some fundamentalists that think this stock is worth 50% lower.
I know some that say it's going to 3,000
and some pretty smart people
will let the market decide.
So we just wanted to start with the oils
and just head on over to Tesla
because that are a rough day today.
But then we want to discuss new highs.
What did new highs mean in markets?
Well, there's this line.
new highs beget new highs
when a stock goes into new highs that's good
when a group
and its chart goes into new highs
that's better
for the stocks in that group
when an index
goes into new highs
that's good for a lot
depending on what that index is
that's why whenever
something breaks into new high ground, we tell you about it. Why, the line, new highs, beget new highs.
And if you're going to get a double and a triple a quad, if you're going to get 20% move,
well, you can get a 20% move over something that's crashed that has bounced. But if you're
going to get a big monster move, it's usually going to hit a certain list, and that's the new
yearly high list. And that's why we talk about it.
So we just want to let you know for starters.
The Dow hit a new yearly high.
In fact, it hit a new all-time high today.
The Mid-Cap 400, 400 names, hit a new all-time high today.
Actually, I want to make sure that before I yap.
Yes, it did.
midcaps. Now there's no rule that it doesn't turn tail and head lower and I must tell you last year the small caps did it a couple of times hit highs and just went but we're dealing in real time here and we have a market that is definitively better and we want to let you know that the Dow which is price weighted and you must know that you have certain stocks in the Dow that are
Such a big deal versus some that mean nothing.
Up next, we'll continue along New Highland.
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Investors Edge.
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With Gary Coltbaum.
It doesn't get better than this.
So, what's up?
So we want to start off with new yearly highs, new all-time high on the Dow, and the
Same for the mid-cap 400.
We'll just start with those.
But I want to mention in the Dow again,
I want you to listen carefully because it is Muayimportante.
If Verizon, I'm going to use Verizon, you know why?
It's the lowest price stock in the Dow now.
If Verizon, which closed at $40.30,
$40.3 times 6.5 equals, if it went to zero,
Verizon. It would only cost the Dow 262 points if it went to zero. If Goldman Sachs went to zero.
What do we say about Verizon? Only 262 points. If Goldman Sachs went to zero, it would be 6207 points. You got that?
What is that about 23, 24 times as important?
So when it comes to the Dow Index, it's imperative you pay attention to the higher price names.
The lower price names Verizon, Nike, and by the way, something like a Nike has earned that lower price by dropping, hit a high of 180,
back in 21.
It's now 65 today.
But we just want to let you know
that's how we look at the Dow, and it's easy.
It takes me three minutes
to just scan 30 charts in the Dow.
I can tell you, Apple very weak,
breaking the 50 day badly now.
Wow. Nasdaq was up 151 today.
The NASDAQ 100 was up 238,
and Apple was down five bucks.
Amazon been doing nothing for a year
but was up eight today and may start to emerge
maybe
that's how we roll with this stuff
Salesforce.com big bear market
trying to come out of it
Chevron had a couple of good days because of Venezuela
right back down today
Home Depot in a bare market
stay away
Coca-Cola that whole
food drug beverage tobacco household products
just bear market or comatose
So the Dow's kind of easy, mid-cap 400 less, you got 400 names.
But that hits new highs.
The Russell 2000, that's 2000 names, has not hit highs, but you know what it just did?
Held the 50-day moving average and is getting close.
That would be nice.
Russell 2000 is above the old high of 2024 and 2021, so actually a little bit stronger than the mid-caps.
So a little bit of the broad base.
What else?
The semiconductor index.
New high today.
Mui Importante.
How about the financials,
XLF, new high, past two days.
How about the banking index,
the KBWB, new highs?
And what do we tell you?
New highs beget new highs.
the indices get new highs, it is usually meaningful. Until we tell you otherwise. So we want to start
with that a good day. And we can tell you, well, yields are up. How do we have a good day?
We can tell you the dollar was up today. Shouldn't the market go? No, the market was up today.
So we've come out of the box into the new year.
We were drifting lower.
You had some bad action into the end of the year.
And we are in Fuego to start the year.
Not only with new highs, but with gaps.
Walking into gaps in probably the most important area of the market,
and that is the semiconductors.
And those areas that we've been saying to you,
The data, data storage, semiconductor equipment, and all that crap.
And there was news that came out that brought up a stunning move today.
Let me read it to you.
Samsung and S.K. Hynix, by the way, South Korean companies, I do believe,
seek up to a 70%
server dram
DRAM DRAM prices
dynamic
random maxes blah blah blah
price hikes
as the boom
tightened supply
demand
outstripping supply
like crazy
what happens today
what are the benefit
benefactors of
higher DRAM prices, as we have told you.
Micron, Sandisk, Seagate, Western Digital,
and should be also electronic contract manufacturers
and the semiconductor equipment companies,
because they're saying there's going to be a lot of building.
And what did they do?
Another gap in move.
let me tell you what they did today
Sandisk
I don't think they know what hit them
up 27% today
how about
Lumentum
which was down to 340 today
closed at 397
up 40
Seagate
up 14% today
into new highs
Western Dism
As mentioned, up 16% today into new highs.
The equipment makers, not even close to those.
Micron was up about 10%.
Equipment makers up 3, 4%.
Strong day.
The socks up about 3%.
A lot into new high ground.
New yearly highs in the market expanded markedly.
Why would that be? Because the indexes are going into new highs. And when you have 401, 2000, another, 30 and another, oh, by the way, the S&P, which is definitively being held back by weakness in Apple and meta and Microsoft and Netflix and Tesla and even Nvidia.
That even got a little bit above the old high.
That's 500 big names.
So it's pretty simple to explain if these breakouts to new high stick,
duh, we're going higher.
Up next.
But what else?
This is the one only investor's edge.
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bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000
airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge
access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker.
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Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives,
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You record your show, upload it once, and Sprinker distributes it everywhere people listen,
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thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might
someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're
going to talk to yourself for an hour, you might as well publish it. 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.
recommended you're gonna feel better if you talk to look once again to Investors Edge the
transports not a new an new all-time high but a new weekly closing high on the
transports anybody who thinks the economy's going into the dumps they ain't
watching the market now we believe there is definitive component going on
You listening?
We reported to you weeks ago that Jay Powell was going into easy money, Jay Powell again,
not just he lowered rates from five and a quarter to three and a half.
Remember all that printed money?
That Ben Bernanke said would only be temporary.
Remember all that printed money?
Jay Powell printed all the way to $9 trillion freaking dollars.
Well, they were letting it run off.
What does that mean?
Well, they took all that fake money.
and by the way, it's fake, it's conjured up.
They took all that money
and they interfered with the biggest market
in the world, the bond market.
Our bond market.
And he bought the living hell out of bonds,
our bonds.
And he bought long,
medium, medium, short.
And of course,
the bond market itself knew that.
So bought bonds along with them.
Hey, thank you.
Thank you, thank you, thank you.
And all that money, and it's an unimaginable amount,
took the 10-year yield down to a half percent.
That got you your mortgages 3% and lower.
You know all this complaint from Trump on Powell?
You should be kissing his butt.
Any of you with those low mortgages should be kissing his butt.
It was an artificial move by one man in his whims that got you,
that 3%, but it wasn't going to last. Why? Because he created all that freaking inflation.
It was him. So that had to unwind, and we got to get to normalcy, and he went farther than he
needed to, and now he's pulling it back. Trump is still complaining, and he shouldn't. He should be
happy as all hell that. He's gone from five and a quarter to three and a half, but Trump's got to
whine against somebody every day.
Remember, for some people, there's always got to be an enemy.
So we got up to $9 trillion of printed money, and he started to let it run off.
And that simply means when a bond came due, they have maturities, just goes by the wayside.
So the $9.9.8.8.8.7.
He let him run off.
They called it quantitative tightening
because instead of printed money,
they called it quantitative easing.
They don't want anybody to hear I'm printing money.
Jay Powell just announced
and is now putting into place.
No more quantitative tightening.
So if a bond matures,
he's buying more bonds.
And guess what the market loves?
Buying bonds.
It's called,
liquidity, the perception of, and where it takes the market beats the hell out of me.
But all we can tell you is that the market has expanded, not just in the new yearly highs,
but in areas that were dormant.
Remember, for a long time, we were telling you to avoid this, this, this, this, this, this, this, and this.
And then all of a sudden we came out and said,
you don't have to avoid this, this, this, and this anymore.
They're turning the corner type of thing.
And that's what went on.
And that's what's going on now.
And we'll see where it takes us.
Simple as that.
And just the strong day.
I can pick out an area.
Oils were weak.
But gold and silver strong.
And they've been crazy recently.
Gold, silver, platinum, palladium, been gaping up and gaping down like crazy.
Normally, I would be telling you, oh, this signs of a top.
I even said that the other day, let's see if this ends up a sign of a top.
Because typically, after a good rally, once you get wide swings, it's usually sign of a top.
Nah, silver went into new high ground today.
And there are those out there that's saying this augers bad, that this is troublesome.
this is a problem and the markets are going to get killed because of what we are seeing.
No, that's what they're saying.
There's only one problem with that.
Big indices are into new high ground.
And in order for the market to now get in trouble, listen carefully.
The breakout into new yearly highs for the indices has to fail.
That would be number one.
That would be number one.
Number two, the S&P would have to break 6814.
It's 6944.
Then it would have to break 6720.
And then it would have to break 6550.
You catch a my drift on the other side?
We don't have to listen to anybody.
Follow the markets.
They'll tell us everything.
And that's just the S&P.
mentioned the financials the xlf breaks out new high well the first thing would have to happen
it's tuck its head in like a frightened turtle it would have to come in and then it would have to
break 543434 on the downside and then it would have to break 52 64 and then 50808 and then so on and so forth
again we don't have to worry about what people think you do know wall street everyone's
predicting a higher Wall Street. Well, they're already getting it. But none of them know where things are going to be at the end of the year. There's too many variables. What we do know is you have some lower taxes. What we do know is we don't think the president's ever going back to Liberation Day tariffs. What we do know is that yields have been stable. What we do know is oil prices have been coming down for a year. What we do know is the dollar keeps suffering and markets love weak dollar.
believe it or not.
What we do know is housing stocks are still very weak.
Job stocks are still very weak like AADP and paychecks, and we avoid them.
What we do know is the food and beverage, tobacco and household products and alcohol stocks are in a bare market.
We ain't gone near them.
But other areas that had been weak have been coming on.
Airlines, cruise lines, much better.
Hotels, much better.
I think Marriott broke into New High Ground at the close today.
Yeah, it did.
So we're just making a point.
If New High Stick, we're going higher.
Duh.
If they tuck in like a frightened turtle, we'll be telling you.
And in a very newsy environment like we have.
And then there's the demand for chips.
And we're not talking potato chips.
The numbers they are talking about have these stocks in data storage, data, semiconductor equipment, and the like.
Dang.
And they just waited for the new year.
gap up gap up gap up
what does tomorrow bring
beats the hell out of me
and we're broader based
which means more areas of the market
in participation
if that changes
we'll let you know
if anything tops out
we'll let you know
if anything shows up we'll let you know
and take it from there
other potential positives
is the regulatory environment.
They're doing the job on that.
As you know, we are a big believer
that government has had too much
of a reach on regulations,
too onerous.
I've been looking up some things,
and I'm saying some decent things
that they're doing on a federal level.
Other things, not so sure,
but time will tell.
But my main point for today,
new highs.
Tomorrow is another day.
day. Up next, this, that and the other thing, and whatever else, this is the one only investor's edge.
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 times more
stretch than competing brands and their innovative horizontal quick draw fly is a game changer.
With over 30 million pairs sold, there are thousands of men out there more comfortable than you.
Don't settle for less. Go to Tommyjohn.com today for
25% off your first order with code comfort. That's Tommyjohn.com code comfort. Tommy John.
Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers
the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect.
Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination.
Plus, enjoy access to over 1,000 airport lounges worldwide.
The Capital One Venture X card.
What's in your wallet?
Terms apply, lounge access is subject to change.
See Capital One.com for details.
This episode is brought to you by Spreaker.
The platform responsible for a rapidly spreading condition known as podcast brain.
Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives,
and saying things like, sorry, I can't talk right now, I'm editing audio.
If this sounds familiar, your performance.
probably already a podcaster.
The good news is, Spreaker makes the whole process simple.
You record your show, upload it once, and Sprinker distributes it everywhere people listen.
Apple Podcasts, Spotify, and about a dozen apps your cousins swears are the next big thing.
Even better, Spreaker helps you monetize your show with ads, meaning your podcast might
someday pay for, well, more microphones.
Start your show today at spreeker.com.
Spreaker, because if you're going to talk to yourself for an hour, you might as well
it you're listening to
what are you waiting for
what are you waiting for
one
two
ready
go
so by the
so by the way we're heading at the super bowl
since 2000 I think we lost
three or four
I think we lost three or four.
And the playoffs were killer.
So we'll start giving out some picks.
It's a weird one this year.
Ladies and gentlemen, I've got an email,
and this is my little bit of a worry.
And it's a little heads up for you.
Let me read this email.
It's because I'm a business.
It's like a cold call email.
email. Hi there. I'll keep this quick. We run a U.S.-based firm, listen carefully,
offering AI-powered virtual assistant services that help business professionals lighten their workload.
We take care of prospecting, CRM updates, scheduling, bookkeeping, and more with reliable
VAs who communicate, that's virtual assistants, who communicate just like,
an in-house assistant. Would you be open to a quick call to see if this could be a fit?
Just reply yes with your number. We'll take it from there. Let me tell you what the bull crap is in this.
The two letters, AI, an AI powered virtual assistant? What the hell is that? A virtual assistant.
I'm letting you know a lot of people are just making it up and just putting AI
to anything they do
because it's hot
I want you to remember this
an AI
virtual assistant
an AI what
prospecting how's that going to help
what would AI do in
prospecting
you catch in my drift
customer relation management
AI what is it going to do
so I'm just letting you know
there's a lot of that going on Wall Street
also
There are companies
make an announcement on artificial intelligence
that are absolutely meaningless
just to goose their stocks.
Seriously.
And I'm not saying it's not going to be the end-all,
be-all. I'm saying there's a bunch of bullcrapers out there.
They could have just sent me an email
without AI-powered
and just said we run a US-based
virtual offering virtual assistant services
that help busy professionals.
No, it's an AI-powered.
stop
Dan get in my business
I know better
so be careful
I don't think it's a reach to make fun
that we're going to get
artificial intelligent hamburgers
and who the hell knows what's next
all I know is right now
I can put in the question
what is
the best
European
country
to visit in April
and it'll come up
with some AI-powered answer
that I can get anywhere.
I can go to a regular...
You're catching my drift?
And again, they keep telling me
AI is going to help you
see cancer,
all kinds of things they say it's going to do.
Take place of this, that,
the other thing, all kinds of things.
Okay. Terrific. We'll see. Just wanted to bring that up because I got this email and I guess they think I'm stupid. So just welcome to the world. Just let you know. It's quite interesting how this works. In the news, interesting. Venezuela, we'll just finish off with that. It's interesting to find out people are getting.
attacked for not being happy about the ongoing things in Venezuela and the call for running
Venezuela and they're being attacked by people that were completely against that
same thing I just want to let you know politics are about hypocrites they'll
change their stripes to suit their guy or gal without even thinking how stupid and hypocritical they look.
It's kind of funny.
I'm not going to mention who, but somebody I know pretty well is getting attacked, is on TV all the time,
and is getting attacked big time for saying the exact same things this person has been saying
about nation building and going into countries
and running the countries and more
and she's getting attacked for the exact same things
she's been there was a hint right there
been saying for a long time
and attacked by people that agreed with her forever
and now all of a sudden don't because it turns out
the president is the exact opposite of what he said he was
don't be a hypocrite.
Keep your principles,
regardless of who.
You'll be better for it.
I love they took the guy out.
I hate they're saying they're going to run the place.
I hate that they're talking Greenland and others.
It nauseates the hell out of me.
We'll stick to our principles.
You have a great evening. Drive carefully when you get home,
do like we do quite simple.
Make sure you hug your family and hug your children.
They will feel better.
better. I promise they will be well. Appreciate your time and listening. Good night all. Bye-bye.
This has been Investors 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 GaryK.com.
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