Investor's Edge with Gary Kaltbaum - NOT BLINKING [03.03.2026]

Episode Date: March 3, 2026

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VALA through 327. Selection varies by location. Raw supplies last. 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. Gary Coltbaum, your host.

A thanks for being with us today. Glad you're here, ladies and gentlemen. Happy that you are listening. It would be Tuesday. It would be March 3rd, 2006. Winston is here listening to me and looking at me. my man Winston As you know

Winston is now almost 14 They gave him Six months to live More than three years ago Said he had aggressive cancer Had surgery Took it out

Came back Had one more Took it out And then Really aggressive No more surgery They couldn't do anymore That was 15 months ago

They gave him Three months It's 15 months later And he's terrific The only thing that has occurred because he's very old Lost a lot of his hearing But he is still as Winston as can be My man, my shadow

Hang in here And if you hear any big bumps as we're doing the show They're doing the roof The roofers are here Ten of them Some of them much bigger than me So I didn't want to ask them, you know, we got a radio show We'll just let it be

And if you hear some banging, hey, you got some banging with a radio show. Ladies and gentlemen, this is a show about everything that affects you. That's what we tell you. We do the markets, the economy, your job, your industry, all the Morlocks in D.C., the debt and the deficits, the scams, the corruption, the insider trading. And then the war will come out of the country. We'll come out of the box with that today. We're going to give you our thoughts, but let me be clear and let me be concise on that.

We don't know what the hell is next. But we do have our air to the ground, so we'll tell you what we think. There's one certain person on Fox News named Trey Yinkst who should get every award given to mankind. covering it. I'll tell you what he has to say. I don't know what his title is now. His title should be the man who is ducking bombs. But I believe he's the main foreign correspondent or something like that. I don't know how he does what he does. He wears bomb vests every time he's on TV.

If you do not get this radio show in your city, we'll post it at garyk.com. It'll also be on our X feed. If you don't follow us on X, you should. And of course, if you'd like to email us, just be nice. I had one guy come after me on Twitter, and I charmed them. But you can never argue with somebody who is neck deep. No matter what somebody does, says and loves them, nothing you can say. So at one point in time, you go, tick, tack, toe, you can't win, don't play game anyway also will be on the biz tv youtube channel if i told you the dow was down 403 uh the nasdaq 232 the nasdaq 100 272 and i told you it was a big win and you weren't watching the market today what would you think well let me explain the dow at one time

today was 47626, 875 points worse. It was down 1,278 points at the lows, right near the open, by the way. The Dow, let's see, hit the low at 1030. The NASDAQ, 292 points off the low. No, 392 points off the low. At one time today was down 630. So we'll call it a big win. Is that okay? Even though it was still down? It's a big win.

And what happened today, I can take a five-minute chart of the Dow and look at it right now. And then look at oil prices. and I will see oil prices topped at 1030. I will see the Dow bottomed at 1030. Oil was very strong overnight. Things escalated. The president had come out and said, weeks, if not more. But then early today, the president came out and said,

we are kicking their capabilities in the ass. I'm paraphrasing. But taking out their capabilities, and we're doing great. And the market believed it. So a very good comeback two days in a row, even though down pretty decently. What did not come back as much,

but still did a decent amount. The semiconductors, the socks was down a juicy 372, but was down 462. Didn't do as good, but good comeback. So, a few things of note. I have no clue what happens tomorrow. I don't have a clue what happens the next day. what we'll do is keep a very close watch before today

the major indices have been in a four-month-plus tight trading range a little bit below resistance the midcaps on the verge of breaking out again got hit pretty hard today

why would that be they're less liquid the small cap got hit pretty good today also. They're not as strong as the midcaps. What else happened today? Gold got hit for a 4.5%. Silver got hit for 8.4. So wild swings there, as we have said to you,

gold is stronger than silver. Not a fan of silver. We also said to you would be very tough to take out the highs in the metals and that's not happening. But the gold miners did. But the gold miners are down 8.5% today also. Why would that be? Well, in case you do not know,

the dollar usually rallies during war, in case you didn't know. World markets that were doing very well got hit hard. Gaped down overnight. the strongest world market South Korea down 10% at the close today at the open

down 18% by the way they're really on the roof now were there anything that stood out today on the good side there was software we have been telling you

that software kind of sort of better relative strength near term in its bare market. Software has had a huge drop, but in recent days, holding up pretty well. And if you want to know what we mean by near-term relative strength, at 1030 today, the NASDAQ was still down 450. the software ETF went positive, Microsoft went positive, Salesforce.com went positive, and you know we got this left screen of lesser tech software, all green. By the end of the day, even with the NASDAQ 100 down 272, Microsoft 5, and even some of the worst software names that have been bludgeon in recent months,

all had a good day. So we think maybe, maybe. We're not saying end of the bare market. We're saying near-term lows being put in on software, but obviously you're going to need the stock market to do the right thing. H-UBS was up 11 today, Intuit 14, work day 9. So there's a good day right there. I don't know if that lasts.

They're in major downtrend. but we think we're identified at least some relative strength. Up next, a ton more to cover on 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.

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It was me at the store with my mouth. Motive? Um, they're Reese's. What was I going to do? Stop myself. Tune in next time to see if I do it again. Spoiler, I will. Wow, that had everything. Reese's suspense. Rees.

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they are really banging over my head right now. You hear that? Hey, we do everything here. So we mention the software. Keep in mind, they are not an uptrends. They're not even in flat bases. They have had big moves down. I think only two legs down, so there may be more to come.

But just near term, you can just tell there some relative. strength. And when you have Microsoft, that is 40 points below the 50-day moving average, you can certainly fill some of that. And we'll see what happens tomorrow. You don't know. But definitively near-term getting some relative strength. My screens are very red today, except, as I said, the lesser tech bombed out softwares and other tech have been hit. where that stops. Don't know. Just a better day there. Take your time right now. And be careful. I saw three or four people today say, oh, you got to buy defense stocks. And I'm thinking to myself, Gary, let's take a look at the defense stocks. Lockheed Martin has already had a big

what we call war move Northrop Grumman has had a big war move LH L3 Harris A little less And I'm thinking to myself Shouldn't they be saying But if it ends

The war ends quickly These things are going to get slaughtered I take that back Hit pretty good probably 10, 15%. So be careful. And we're not saying they're not going higher,

but we always have to think of the other side. Oils. Oil prices up markedly today. Why did oil stocks go down? It's because they've already had a good move, number one. Number two, their stocks. And yet a bad stock day. And again, they've already had a really good move.

Remember, I told you, I saw Exxon with a beautiful breakout at 125, and I said, I'm not buying Exxon of big oil. It topped out at 160 two days ago. Go figure. Of course, it's had help. The Venezuela thing. Now this. What's next?

Don't know. As far as the Iran thing and what I'm seeing, it's just my take. And none of this is put downs, none of this is ribs. I think they probably did not think that Iran had so much firepower. Thus this. Now, if the president is correct in saying today that they have really taken out their capabilities. That'd be huge.

Because there would be a given point in time where they have to surrender. And you've got to think we'd get closer to it on a daily basis. I have to tell you, I'm looking at video, they were lighting up the sky in Tel Aviv tonight. It is nighttime there. With the ballistic missiles,

Fortunately, they're being taken out high in the sky. Don't you love all that noise behind me? I don't know what's next. I'm hoping. I'm not going to say it is. Every next day is going to get us closer to ending this. And hopefully, it's sooner rather than later. I believe seven.

Is it seven now? of our American soldiers have passed. I believe it happened in Kuwait. And I don't know if you saw the video that there was some friendly fire that took down a couple of our jets, but they were able to parachute out. And the video of citizens helping out those who parachuted out in Kuwait. Unbelievable video. Other things.

Dollar Strong, all the commodities got smoked today. I follow things like uranium hit hard, palladium hit gap down today. Platinum gap down for all they know or we know, they gap up tomorrow. Just don't know. Just don't know. We are sitting in moving pieces time here, kids, and you just keep your fingers crossed that the people in power get it right. I think this was an eventuality. I was most impressed with the head of the, they call him Raising Kane.

That's his nickname, Raising Kane. I think he's the Joint Chiefs, really impressed with him, very impressed with Marco Rubio, very impressed, though I think he misstated some things. I don't think he was BS, and I think they covered it, but screw all that. Let's hope this ends. and I think a miscalculation on Iran's part is going after all these countries because they're all pissed and I think as I said yesterday it's almost like they said screw it if we're going to go out we're going to go out in a blaze and just

try to knock them all so there's your story I wish I can give you big words on what possibly happens next yesterday we had a very good close to a bad open we were down 800 NASDAQ finished up and you're thinking okay technically good overnight we were down 1,200 by 1030 this more excuse me almost 13

very good comeback a couple of the banks were up at the close we'll see what that means I've yet to do my scans the one area I'm not thrilled with is how the semiconductors closed we'll address that tomorrow see how that goes all the bare areas remain bearish the payroll companies, the housing and housing related. Not all, but a lot of the retail, medical, you know all that crap. Up next, the travel part. This is the one only investor's edge. Car buying has become a pretty dull experience, but on eBay, behind every car in part is a story waiting to be shared. There was a guy who bought a 2020 Porsche Cayman GT4 on eBay. It was well loved. There was, well loved. There plenty of Cayman's in great condition on eBay, but this one needed some work. That's just the start

of the story. So after this guy gets a great deal on his dream car, he rebuilds the whole thing with all these parts he found on eBay. Performance brakes, suspension, body panels, the works, guaranteed to fit. Next thing you know, this nearly scrapped Cayman was out there on the track as a full-blown race car. You're ready to go, daily driver, your next Restamond. Hello, Lotus Alon, hand the parts to finish it. eBay has thousands of cars and is the largest online selection of vehicle parts and accessories. eBay. Things people love. Here's a quick podcast for all you true crime fans. The case of the missing Reese's.

It was me at the store with my mouth. Motive? Um, they're reases. What was I going to do? Stop myself. Tune in next time to see if I do it again. Spoiler, I will. Wow, that had everything.

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Celtic bank. On deck does not lend in North Dakota. All loans and amounts subject to lender approval. We'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. The banging on the roof. of Investor's Edge with a bunch of coughing fits by your

host, but we just stop the tape and rewind. Travel. We would avoid travel stocks. This is not hard to figure out. Airlines, cruise lines, hotels for right now.

Gaming's in his own whatever. They are, well, booking holdings, Expedia, are pretty bearish. I wouldn't call the rest really bearish, but they have tucked in like frightened turtles, trading under moving averages now. And I would just avoid this second. Do they come back when this ends? Yes. But since we don't know when, we'll just hang. and it's not like they're hot movers where you miss them. So not sweating that too much.

Just avoid. And may I state for the record, some of them got hit pretty hard, and some of them are just pretty darn weak. Still an earning seat. Well, we're out of earning season, but there's still names. Crowd strikes after the close. And it's software security. Been in a bare market.

I've never been a fan of their inconsistent earnings. A good one, a bad one, a good one, a bad one, not so good one, not so bad one. Stocks down two bucks in the aftermarket. I would have liked to see that, well, and we'll see what happens overnight. After going from 566, it closed at 391, one would hope you'd have some decent reactions, but no. as of now actually now down $4 in the after market

boy these guys are banging overhead again sometimes you just go with it baby sometimes the number one question we continue to get amazingly

even though down 45 to 50 even though a lot of the other cryptos are down 70 and 80, they're not talked about, is Bitcoin, even though we said to you in recent days that we thought maybe it's trying to carve something out. And what that simply means, it's had a huge drop already. The Bitcoin ETF, I-B-I-T, has gone from almost 72 to 35,

which is more than 50%, it's bounced up to almost 39. If the IBIT can move above 39, 80, maybe get a leg up in an overall bare market. That's all I can tell you. And it still sickens me that some people out there are telling you 1.5 million.

I said the other day somebody was on TV just, yeah, it's going to a million. Somebody was interviewed, just going to a million. And I'm thinking, boy, if I was the interviewer, you're saying something that's at, 65,000 is going to a million. Yes. So you have every single dollar of your life

in it. Oh no. The guy would have been able to last the interview. And of course the next question would be, well, who's going to buy it at $99,99.99.99. What else on these wild days? Do I have any edge? No. I don't. Because yesterday, on a technical basis, you would think, Okay. Great reversal. Leaving the bar at the upper end. Nasdaq was up. At 1030 today, NASDAQ was down 600. When you get in these type of environments, think a little bit less and just take your time. I have no clue what happens tomorrow. One can only hope. They can gap it down tomorrow. They can gap it up. What I'm still seeing, though, is it's still going on. The, what's his name, Wittkoff came out and said, Iran said they have 11 nuclear missiles. I don't know if that's Wittkoff kind of throwing out an excuse of why they did this. But they don't have 11 nuclear missiles.

We have the greatest intelligence and satellites in the world. We'd know it. Not so worried. What we do now tactically, let me tell you what I was doing all day. I wrote down my list. I wrote down where support levels were. I wrote down any outliers.

In other words, we were writing down notes on software today. There's one name sticking out, but I'm going to wait because the market's been wacky. And it's something that's coming off the lows. that reported earnings this past week gaped up and has done nothing but accumulated. It was up seven today, finished up three and a half, 3.6% in a nauseating market environment.

I didn't buy any. I'll let you know. Want to see some more cards come out of that deck. China remains dead. complete a void bearish bear markets even bydo or announcing

an artificial intelligence chip or is it Ali Baba or maybe both both selling off badly I mentioned earlier the foreign markets got roasted overnight

why a lot of them are over there a lot of them are over there a lot of them are over there. Europe, the UK, the dude running the show there, didn't even want us to

land some of our stuff there. Our great brother, the guy is certainly no Churchill. Others no problem. Bond market, not worried about it right now. 4.05% no big deal.

Gold and silver, as we said, got smoke today, and as we've been saying, gold much stronger than silver. And silver, I think it's pretty much an avoid. It's been bouncing up, but you can just tell it's got some issues. I've been asked a ton on Nvidia. I don't think, I think it's an avoid of any new money commitments. If you've owned it for a while, I guess it's a keeper. A break below 170 would scare the willies out of me. My overall worry going forward on all this AI is the circular financing, which is very simply, and how do I put it best? It's when companies are funding their own customers who then use that capital to purchase the original company's products or services.

I have a problem with that. It creates what they call a closed loop. that boosts revenue helps growth for both parties, but as they say, raises the risk of artificial demand. And asset bubbles. This is what worries me. And of course, the numbers. Up next, the numbers. We'll start with Oracle.

This is the one only investor's adjun. become a pretty dull experience. But on eBay, behind every car in part is a story waiting to be shared. There was a guy who bought a 2020 Porsche Cayman GT4 on eBay. It was well loved. There are plenty of Caymans in great condition on eBay, but this one needed some work. That's just the start of the story. So after this guy gets a great deal on his dream car, he rebuilds the whole thing with all these parts he found on eBay. Performance brakes, suspension, body panels, the works, guaranteed to fit. Next thing you know, this nearly scrapped came in was out there on the track

as a full-blown race car. You're ready to go daily driver, your next Restamod. Hello, Lotus Alon, hand the parts to finish it. eBay has thousands of cars and is the largest online selection of vehicle parts and accessories.

eBay. Things people love. Reese's peanut butter cups. They go perfectly with music. Podcasts. And welcome back to the show. Even nature sounds. Oh, and the thing where someone crinkles tissue and whispers at you.

Hello. Look, I'm not here to judge what you listen to. I'm here to judge you for not eating Reese's while you listen to it. Reeses. Ashley, go back to the nature sounds. Nice. Yeah, that's really nice. Cashflow crunch. On Deck's small business line of credit gives your business immediate access to funds

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Action! In the Gester's Edge. With Gary Culpe. So as I mentioned, the numbers. Back in September, October, Oracle mentions, I think it was like $500 billion in backlog. Pretty sure that was the number. The stock went insane to the upside.

And they did nothing and drifted. And we owned some stock and we sold it $303.3. Not knowing anything, except we thought it was breaking down. and we had this wonder, how the hell is this thing breaking down with these numbers? And what we have to find out, it was all with this company OpenAI. But we also found out as Open AI

is not going to be able to do this because they needed funding. Oh, that's right. And since all we've heard is debt, debt, debt, debt, debt and more debt. So the stock, lower, lower, lower, lower, lower, lower, lower, lower, lower. This is such a huge worry. And I have to tell you, a bunch of fundamental analysts think obnots.

And even though we've had precedent going back to the late 90s of the circular financing, they say, no, no, no, no. Because these big companies have all the sketch, but they're still using debt. and then there's this other part and I said this on TV and I got a bunch of emails all you know that made a lot of sense when somebody says well we're spending

and by the way this is a low number announced by some of these big companies oh we're going to spend a hundred billion dollars interesting well if your son or daughter opened up a lemonade stand

and decided to sell glasses of lemonade for a buck. For a buck. What did it cost them? Well, would you hope it's less than a buck? Right? Or what are you doing out there? Well, if somebody announces they're going to spend $100 billion, they should be making back $100 billion, at least.

and I just take out my legal patent and start writing things down and I don't understand how they're going to be able to do it. Where is the revenue going to come from? And if everybody is doing the same thing, you're catching my drift? I'm pretty sure Nvidia is not going up

because so many others are getting into. their act. And maybe they will kick everybody else's arses, but they're still going to get chopped a little bit. I think that is out there. It is also being reported in some cases that some people with their chips are unhappy with the strength and speed and are looking elsewhere or already went elsewhere. This is a fact.

This is not something I made up. And of course, the analysts never report it. They're going to say anything bad. And I keep watching people saying, Just own NVIDIA. I heard somebody say, This is like Walmart, you can own it for the next 50 years, and I'm thinking to myself,

What? If Nvidia breaks above 195, you will hear from us. If it breaks below 170, you will hear from us. If it continues to stay in that range, there's nothing to do. And yeah, we're surprised. How tight it's been. You can draw a horizontal line on the stock price going back to last August, late July. It's still down four bucks from last August, while the semiconductors have soared.

so just letting you know these are we try to deal with reality here and there's nothing wrong with saying what could go wrong and since we have a pretty good memory whoa didn't we see this back in and i can tell you absolutely and we are predicting nothing we'll let the markets decide. But when we see massive amounts of numbers being professed and a ton of money

being invested with companies that are buying the original company's products and booking it, something's up. And speaking of something's up, boy, they are working hard on the roof. By the way, I always say to you here,

these are the workers. I got 10 guys By the way, it's raining out Doing roofs On the office Sweating there, you know what's off That's America Always respect

Everyone I always told my sons You better Treat the guy Cleaning the toilets of the building As well as the CEO Because If the toilet's at work and you are

S-O-L. PUN. The waitress, the waiter. The bus boy cleans your table and dishes. You don't treat them well. The cooks? Do you know every time I'm in a restaurant and I get a good meal? I go to the kitchen.

Every time. Just the little things, ladies and gentlemen. Anyway, tomorrow's another day. Anything's possible. Hopefully we'll get past this sooner rather than later. Get back to some semblance of order. Have a great day. Drive carefully.

When you get home, do like we do. Quite simply, make sure you hug your family and children. They will feel better. You'll feel better. I promise they will be well. I do believe we'll be on with Varnie and Company. Fox business tomorrow. 10 o'clock hour.

Check it out. Have a great evening, anybody. And pray for our men and women in uniform. Bye bye. This has been Investors' Edge with Gary Cult Bomb on Biz Talk. To listen to past episodes or to get in contact with Gary, go to GaryKK.com. That's GaryK.com. Guys, it's no use putting it off.

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