Investor's Edge with Gary Kaltbaum - NYC VOTERS [06.25.2025]

Episode Date: June 25, 2025

https://garykaltbaum.com/...

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Starting point is 00:00:29 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 Coltbaum, your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Wednesday, June 25, 2025.
Starting point is 00:00:54 Hope you having a good day. Ladies and gentlemen, in case you don't know, this is serious talk on everything it affects you. We'll talk to markets, the economy, your job, your industry. Socialism, Marxism, and communism. Oh yes, we're going to bring up the scam of those three and the con that they try to perpetrate on an unwary public. We must bring that up today. We must bring that up today because I'm sure you have heard about what happened in New York City yesterday. We'll get into that and we'll do it bluntly. And if you don't get this radio show in your city,
Starting point is 00:01:50 we'll post it at garyk.com. We'll also post it on our Twitter feed. And if you don't follow us on Twitter, which is now X, by the way, you should. And if you like to email us, just be nice. Really? All you've got to do is be nice. It's pretty simple.
Starting point is 00:02:05 We'll be nice back to you. Okay. So we've tried to describe things for you on this show. Those that are members of our little peep them, we do webcasts every night and we show you the markets and what we're seeing and how we're seeing them and all that funky stuff. And every now and then, you get outlier events both up and down.
Starting point is 00:02:41 Those who have followed this show know we have guided you out when needed to be out. We're not just talking the market as a whole. We're talking sectors and individual stocks of importance. Those who have followed this show know that on January 5th of 24 and I'm isolating one little thing. we said to you if this happens by the living hell out of it we use those words and that happened to be the breakout in video which just so happens happened on that monday and the stock went up 90% in a matter of two months we had said to you for six months it was range bound found the low three times rallied up made a higher low tightened up near the highs and then busted out that That was outlier. You don't see great-looking things very often, which led us recently to NVIDIA again. What? Yes. So we have discussed with you that NVIDIA hit a low last June around 140, drop to 100
Starting point is 00:04:00 Rally to 131 Drop to 100 Rally to 144 Traded around between 125 and about 152 for a bunch of weeks And then the market
Starting point is 00:04:12 crumbled You know Joe tariffs And it had this big drop Big reversal And the big move Off the lows on The Taco Pause of the big tariffs from Liberation Day.
Starting point is 00:04:30 I can't even believe I say these things, Taco Pause of Liberation Day, but these are facts. And ever since the stock has not really jumped higher, but slowly but surely, but in May you had three strong days up where institutions were definitely buying it. And then you had the China Day
Starting point is 00:04:51 where everything gapped up when President Trump did another taco with China. where he took the what the freaking you know the things from 145% down to who the hell even knows where they are right now and recently we had said to you just letting you know that NVIDIA is getting close to those old highs again and the old highs again and the old highs were in November and January.
Starting point is 00:05:32 We're going to just say 153. Twice. Another time it hit 149. But crazy action back and forth. Remember, last year the low, the high was 140.
Starting point is 00:05:49 So in the last week or so we've been saying to, just so you know, if it breaks above these levels, we don't think it's going to be like January 8th of 24 simply put the stock is three times as big it's got like a 3.5 trillion dollar market cap you know it's not so easy to go from one point something to 3.5 but it gets a lot tougher from 3.5 on but we said to you that we do expect and of course you need
Starting point is 00:06:26 the market to cooperate. Remember, I can tell you, I can give you 10 stocks that break out of range today, but if the market tops out tomorrow, they're going to take them all down. Anyway, yesterday, Nvidia edged above a little today, closing high. Not only a closing high, but an all-time high. Volume wasn't magnificent, but it definitely was better than. recent so let me give you the disclaimer we bought back in on the move if it fails we get out with small losses if the market cooperates we think it's gonna go higher how
Starting point is 00:07:15 much we don't know no way 90% we don't even think 50 or 40 we'll take 20 and it's not a guarantee it can it can fritter it away tomorrow market can top out, sell off the semiconductors, and goodbye. Remember, anything is possible. You need to know that. Anything is possible. That's how we look at things. But we just want to let you know.
Starting point is 00:07:54 It made that move today. We're not telling you to buy, sell shorter cover, and since we're covering it, we want to. a full disclosure that we did buy some today. We didn't buy a ton. And we'll see if it works. The semiconductors have been strong. We'll see if it works. After the closed micron came out with good numbers, beat estimates, stock's been strong and it's up another seven bucks in the aftermarket. That helps, I guess. We'll see. Again, tomorrow's another day. We trust nothing. until it works. But we wanted to start with that because we have been saying to you recently
Starting point is 00:08:39 how it was setting up again. And boy, oh boy, do we hope it sticks. Boy, oh boy, would we be happy if it sticks. And that's the story out of the get-go. The market today, we'll call it nondescript. The Dow was down 106 because, well, let's see. McDonald's. The stock had topped out recently and is going lower. We were always wondering recently the stock was on the stronger side with minus 6 plus 1, minus 4,
Starting point is 00:09:14 minus 1 earnings growth and sales growth. You ready? 030 minus 3. It's rolled over. What else is weak in the Dow? Well, United Health still sucks. And that's 2,000 Dow points in the last
Starting point is 00:09:30 eight weeks. Visa and MasterCard on the weak side right now. Those two great bookies. The story goes, is this stable coin going to affect them? Beats the hell out of me. All I know is those stocks are under pressure. The insurance stocks, little topy here, if not more. Travelers was down five today. That's 30 some odd Dow points. Little Toppy there. And we'll see what happens tomorrow. S&P was flat, though and guess what the NASDAQ up 61 NASDAQ 100 up 47 why
Starting point is 00:10:10 well NVIDIA was had a good day the semiconductors had a good day especially some of the big ones and we'll see how Micron goes overnight and Apple was up
Starting point is 00:10:26 a buck yay Apple remains very weak it's got some characteristics that it may want to stop it's bearish phase and may be turned up but it has not happened yet. What else today? Yields were flat, oil bounce.
Starting point is 00:10:43 That would be normally after dropping 13% in two days. Advanced declines were mushy today. Two to one negative on the New York, almost two to one negative on the New York, almost two to one negative on the NASDAQ. Small and midcaps, may I use the word, continue to suck. And we just avoid small and midcaps.
Starting point is 00:11:05 If you're like one of these diversified people and you have a lot of large caps, it's okay to have some, but it's just not as strong. Up next, what else we got for in the markets? And then, New York City. That's on Investor's Edge. Hi, I'm Gary Kalpom, 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.
Starting point is 00:11:47 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, we'll 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 complimentary portfolio review. The number to call is 888-4-22-559. That's 888-4-2-2-5-5-9. That's 888-4-2-2-5-5-9. Investment Advisory Services offered through call-bomb capital management. This message is brought to you by Kola Guard.
Starting point is 00:12:34 If you ever printed out directions and hoped you didn't miss a turn, it may be time for you to screen for colon cancer. Luckily, things are a lot easier these days, even screening for colon cancer. caught early, colon cancer is treatable in nine out of ten people. With more options than ever, it's key to start screening at 45 if you are at average risk. The Colagard test is non-invasive, requires no special prep or time off, and it ships right to your door, so you can use it in the privacy of your own home. With just three simple steps, setup, sample, and ship, completing your Colagard test is easier than finding the right track on your mixtape. If you're 45 or older,
Starting point is 00:13:06 and at average risk, ask your doctor about the Colagard test available by prescription only. Learn more or request a prescription at colagard.com slash podcast. Do not use the colagard products if you have had adenomas, which are a type of colon polyp that can sometimes become cancer. Inflammatory bowel disease or other hereditary syndromes, a personal or first-degree family history of colorectal cancer, or a positive result from another colon cancer cancer screening method within that test's recommended screening interval. Coligard results should be interpreted with caution. A positive test result does not confirm the presence of cancer. Patients with a positive test result does not confirm the absence of cancer. Patients with a negative test result does not confirm the absence of cancer. Patients with a negative test result does not confirm the test results should discuss with their doctor when they need to be tested again. False positives and false negative results can occur. Do you still trust the corporate media? I know I don't. Get the real facts, the inside story behind the scenes in the Senate and the White House and the U.S. Supreme Court. Subscribe to Verdict with Ted Cruz on the Iheart Radio app by clicking the attached link today. Paid for by Truth and Courage Pack. Not authorized by any candidate or candidates committee. Truth and Couragepack.com. For delicious meals, you could go out to eat or spend hours in the kitchen.
Starting point is 00:14:05 Or you could just make a Marie Callender's meal. You heard me. Marie Callender's classic chicken parmesan bowl is delicious with scratch-made marinera sauce, creamy mozzarella cheese, and no preservatives. It's high in protein with 30 grams per serving. Marie Callender's what having it all tastes like. It's time to switch on the integrator units and get the brain cells working. You're listening to.
Starting point is 00:14:37 Hey, this promises to be fun. Investors Edge. The last bastion of quality products. Programming with Gary Coltbaum. It doesn't get better than this. Welcome once again to Investors Edge. What else was strong today? The Big Banks. We've been telling you the Big Banks were getting money flows.
Starting point is 00:15:02 J.P. Morgan's new yearly highs, Goldman Sachs has been rushing up pretty quickly. Bank America, City Group, Morgan's... The Big Banks. And had another good day. Goldman Sachs up another eighth. J.P. Morgan up almost three. Big Banks. For whatever reason, again, great bookies. And they are bookies, you know that.
Starting point is 00:15:29 You give them money. They pay you nothing unless you demand. So that was a good day. But just mushy. I mentioned insurance stocks look a little topy. Most of the staples except for tobacco, don't ask me why. And even tobacco stocks got hit a little bit today. but Staples not acting well
Starting point is 00:15:56 most of the commodity names and coal stocks brutal bear market we've been saying to you the home builders had some characteristics that they don't want to go lower well that's still but it's still not getting out to the upside off the lows
Starting point is 00:16:18 and what we do is just imagine a line going from 10 o'clock down to 4 o'clock and then make a right turn and go flat at the bottom. That's what the home builders are doing now. They hit the transports a little bit today in the airlines, and we've been telling you, just by our own eyesight, that the airlines, demand is down. Just my opinion.
Starting point is 00:16:47 I have been on a bunch of flights where there was a lot of seats. A lot of seats. And I've been on a bunch of flights where the premium seats were empty. You know how they charge it? Not for first class, but they got these premium seats right behind first class, where you pay an extra, what, 40 or 50? So the airline stocks on the weak side here. Defense stocks, they're just up and down depending on the news of the Middle East.
Starting point is 00:17:23 And medicals. I'd stay away from most of them too. So there's definite areas. The oils also, by the way, and we've been saying that for a long while. And interesting enough, most oil stocks did not rally up well as oil prices had gone vertical for a bit. And that be your story of the whole market today. Gold up a little bit. We said, I mean, no big deal.
Starting point is 00:17:56 About four or five weeks ago, we think gold is going to go range bound. It just felt that way because it's had a good move. It is now 1, 2, 3, 4, 5, 6, 7, 8, 9. We're in the 10th week of rangebound. And yesterday and today held the vital 50-day moving average. But it's range-bound, which would mean gold miners range-bound. If they break out again, you will know it because we will let you know. and that is all
Starting point is 00:18:40 some of the growth stocks got hit today down one one and a half percent no big deal some of the AI stocks got hit today one one and a half percent not a big deal breakdowns well you know the weak areas when I say breakdowns I'm always looking for things that have been in shape but then breakdown
Starting point is 00:19:04 not finding much of that much in the way of that we'll know a lot more about the market If that starts to occur, some of the froth is coming off. That's actually good news. You know what I mean by the froth, right? How about the no-sales nuclear stuff? Yeah, the froth is coming off.
Starting point is 00:19:31 And that's good to see. Hopefully you're not the last one in. I'm always amazed when I see companies with no sales with seven, eight billion dollar market caps. And people are going on TV and telling you about them. I just, I want to just, I don't want to say it. Sometimes you got pundits that'll tell you about anything that moves. And that gets in trouble eventually.
Starting point is 00:20:06 Always be wary of the shouts and the touts of the crap. and ladies and gentlemen there is a lot of crap out there in the markets you know about all the meme stocks that are dead you know about some of the crazy moves and we still don't understand
Starting point is 00:20:22 how it's happened the late remember Newsmax by the way and by the way this is not a put down on Newsmax but they did an IPO with 10 and it went to 260 bucks in a day and a half
Starting point is 00:20:35 and it's back to 12 you just got to be very very careful and I still remember we've mentioned this before about these meme stocks GameStop in that heyday of memes I got a call from a woman I believe she had to be in her 70s or 80s should I buy GameStop and I said you know it's up sevenfold in the last whatever it wouldn't go it wouldn't go in crazy you really want to buy something that's
Starting point is 00:21:09 sevenfold well she said what do you think I go I'm going to have to let you decide. I don't know. Well, you're not telling me what to do. She says, I said, I'm not going to tell you what to do. And she got mad at me. And then she saw that it was going up while we were on the phone and she almost F-bomb me. And I'm hoping she didn't buy because the next day was the top. But people get caught up in the greed and changing their lives and stuff and that's all well and good. That's all well and good, but you better have some discipline on the crazy stocks. And you've got to know the mottoes of the market. I didn't make these things up. The motto that eventually a no sales company will go back to where it came from if nothing changes. And admittedly, we have told you there have been
Starting point is 00:21:59 some no sales biotechs bought out for billions of dollars. That has happened, but that's few and far between. There's also a ton of no sales biotechs that overnight, the placebo did better than the drug would in phase two trial and they dropped 60% overnight. I think I've seen, I think I mentioned one day that was down 90% overnight. It was like a $6 stock that opened up like an 80 cents. So be careful. And we're not telling you not that by the way, if you catch these things early, you're going to make a lot of money. Some of these things have gone crazy. Here's one that no sales was five bucks last September. It's 55 today.
Starting point is 00:22:50 11fold. And they still have no sales. But still went up 11fold because of an idea of nuclear. So careful. It's easy to lose a heck of a lot of money in the markets. up next. A little bit more. And then we unleash.
Starting point is 00:23:20 I'm Gary. This is the one only investor's edge. This message is brought to you by Koloard. If you ever printed out directions and I hoped you didn't miss a turn, it may be time for you to screen for colon cancer. Luckily, things are a lot easier these days, even screening for colon cancer. When caught early, colon cancer is treatable in nine out of ten people. With more options than ever, it's key to start screening at 45,
Starting point is 00:23:49 if you are at average risk. The Kolargard test is non-invasive, requires no special prep or time off, and it ships right to your door, so you can use it in the privacy of your own home. With just three simple steps, set up, sample, and ship, completing your Colagard test is easier than finding
Starting point is 00:24:03 the right track on your mixtape. If you're 45 or older, and at average risk, ask your doctor about the Colagard test available by prescription only. Learn more or request a prescription at colagard.com slash podcast. Do not use the Colagard products
Starting point is 00:24:15 if you have had adenomas, which are a type of colon polyp that can sometimes become cancer, inflammatory bowel disease or other hereditary syndromes, a personal or first-degree family history of colorectal cancer or a positive result from another colon cancer screening method
Starting point is 00:24:27 within that test's recommended screening interval. Coligard results should be interpreted with caution. A positive test result does not confirm the presence of cancer. Patients with a positive test result should be referred for a colonoscopy. A negative test result does not confirm the absence of cancer. Patients with a negative test result should discuss with their doctor when they need to be tested again. False positives and false negative results can occur.
Starting point is 00:24:45 Do you still trust the corporate media? I know I don't. Get the real facts. The inside story behind the scenes in the Senate and the White House and the U.S. Supreme Court. Subscribe to Verdict with Ted Cruz on the Iheart Radio app by clicking the attached link today. Paid for by Truth and CouragePack. Not authorized by any candidate or candidates committee. Truth and CouragePack.com. For delicious meals, you could go out to eat or spend hours in the kitchen. Or you could just make a Marie Callender's meal. Yeah, you heard me. Marie Callender's classic chicken parmesan bowl is delicious with scratch-made marinera sauce, creamy mozzarella cheese, and no preservatives.
Starting point is 00:25:20 It's high in protein with 30 grams per serving. Marie Callenders, what having it all tastes like. 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.
Starting point is 00:25:44 With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. Hey, yo. And welcome once again to Investors Edge. Thanks for being with us today. You know what I did today? Let me give you an idea.
Starting point is 00:26:21 I started listing things I either screwed up or didn't do over the last two months. I'm my biggest critic. I'm always doing that. And the great news is I have this great software that allows me to go backwards to the charts of those days. And I go back and question myself on why not or why I did. Without mentioning names, I have a couple of names that I sold on a certain day, knowing they were the strong as big stocks coming out of the bare market and the crash. And I go over what I was thinking and the why and how I can remedy that if it happens again.
Starting point is 00:27:20 and then another part of that equation is, boy, how did I not buy that? It fit my trajectory. It fit my characteristics. The market's in shape, or at least trying. And I can give myself great excuses on the last two months. You know what the excuses are? The threats of tariffs. Which, by the way, is not the worst excuse.
Starting point is 00:27:51 Do you know many times the president went back and forth on tariffs and the numbers and the products and the countries every day? So not easy to commit, but as I say to you on this show, these patterns show up all the time that define good action, great action, that in markets that are just in, shape, not even sizzling, usually work pretty well. So far I've written down one, two, two that I've sold, and one, two, three, four, five, eight that I did not buy. But really, only seven. Because one of the names is IBM that actually fit the look. But I typically, I'm not going to buy something that has no sales growth and earnings are down year over year and it's got a 28 price earnings multiple
Starting point is 00:29:02 but it broke out at 270 it's 291 so I'll give myself a good excuse on that on the fundamental side did not fit the mold but there were others that yeah yeah yeah yeah and I'll do a little bit more of that tonight. That is what is post-analysis. You should do it in anything you do in life.
Starting point is 00:29:32 Always look yourself over, be your biggest critic before. Somebody else is. And yeah, there are a couple little harsh words thrown at myself in my little diary here. Also have note today in here are some important things, ladies and gentlemen. ADP and paychecks, you know what they do, right? Well, paychecks, big, gargantuan breakdown today, down 10% on big volume, ADP follows suit. So those two stocks are done for now.
Starting point is 00:30:13 I wrote that down. I mentioned you the staples. Insurance stocks, I don't like the way the insurance are acting. By the way, the staples, food and beverage and all that crap. Just really no bull markets there. I got a couple. Anheuser-Busch has been strong, but that topped out today. Monster beverage has been strong, relatively.
Starting point is 00:30:42 That looks like that topped out today. So the strong may have topped out and the tobacco. But man, oh man, you look at stocks like Pepsi. Go look at Pepsi. What a freaking bare market. 180 to 128 and 10 months for a beverage company, that's not good. So the staples stay away. Coal stocks, go look at AMR, brutal bear markets in the coal.
Starting point is 00:31:12 Go look at BTU. Go look at HCC, brutal bare markets. So there's definitive areas still to avoid. And as we tell you, we never touch. bare market stocks. No interest on bare market stocks. So that's a little bit of the market, which takes me to, boy, oh boy. So what if I told you there was a candidate, and I will not make this up, these are true,
Starting point is 00:31:43 that wants to abolish the police department, but now comes out and says, no, we just want to move money to the police department to social services to help out criminals. What if I said that he wanted abolish prisons? No, they don't want to abolish prisons, but they want to do better with the prisons. That's what they say now. They want to abolish medical bills and private health insurance, ban all guns, legalize prostitution. No, really. Have safe injection sites.
Starting point is 00:32:19 You know, you go to these places and inject yourself with heroin, but it's safe. End cash bail. decriminalized drug possession. You can't have that heroin. Now you can. How about ending all cooperation with ICE? How about that? What if I told you there was a candidate that there was an election last night in New York City?
Starting point is 00:32:47 And he is on to the next part of the election to be the mayor of New York City. Not to mention he wants to defund all Jewish charities or organizations has been known to blast Judaism and Israel and Jews. Wants to pay for all this by taxing the rich. The rich, New York City, says that Trump is the enemy. Because he's an authoritarian. Trump, the authoritarian. Interesting.
Starting point is 00:33:43 So let's see. They want to run health care. They want the taxpayers to pay your medical bills if you can't afford. Handling criminals with social services instead of police. Don't worry about having heroin or crack. you will not be arrested, raise taxes on the producers, but Trump's the authoritarian. Interesting. Yet this person got more votes than Cuomo, which tells you how unpopular Cuomo is.
Starting point is 00:34:42 But I digress. There are definitions for socialism, Marxism, Marxism, there are definitions for communism. Communism is being an authoritarian, running things. He's calling for, get this, government-run supermarkets. Huh. Government run. But Trump's an authoritarian. Government-run housing. They're going to set the price on housing. But Trump is the authoritarian, they say. Interesting. How do people get sold on all this?
Starting point is 00:35:37 How do people get sold on one man taking control of their lives and putting their lives at risk by getting rid of more and more police officers that protect you when things can be troublesome. You know, the numbers on the subways of New York City, crime has gone down a lot in the last bunch of months since they put
Starting point is 00:36:15 the police much more on the subways. Up next, bow-tying this, ladies and gentlemen, I won't be nice. This is the one only investors' edge. This message is brought to by Colagard. If you ever printed out directions and hoped you
Starting point is 00:36:38 didn't miss a turn. It may be time for you to screen for colon cancer. Luckily, things are a lot easier these days, even screening for colon cancer. When caught early, colon cancer is treatable in nine out of ten people. With more options than ever, it's key to start screening at 45, if you are at average risk. The Coligard test is non-invasive, requires no special prep or time off, and it ships right to your door, so you can use it in the privacy of your own home. With just three simple steps, set up, sample, and ship, completing your Colagard test is easier than finding the right track on your mixtape. If you're 45 or older, then at average risk, ask your doctor about the KolaGard test available by prescription only. Learn more or request a prescription at KolaGard.com
Starting point is 00:37:15 slash podcast. Do not use the KolaGard products if you have had adenomas, which are a type of colon polypid that can sometimes become cancer, inflammatory bowel disease or other hereditary syndromes, a personal or first-degree family history of colorectal cancer, or a positive result from another colon cancer screening method within that test's recommended screening interval. Kolaard results should be interpreted with caution. A positive test result does not confirm the presence of cancer. Patients with a positive test result should be referred for a colonoscopy. A negative test result does not confirm the absence of cancer. Patients with a negative test result should discuss with their doctor when they need to be tested again. False positives and false negative
Starting point is 00:37:46 results can occur. Do you still trust the corporate media? I know I don't. Get the real facts, the inside story behind the scenes in the Senate and the White House and the U.S. Supreme Court. Subscribe to verdict with Ted Cruz on the Iheart radio app by clicking the attached link today. Paid for by Truth Encourage Pack. Not authorized by any candidate or candidates committee. Truth and Couragepack.com. For delicious meals, you could go out. to eat or spend hours in the kitchen. Or you could just make a Marie Callender's meal. Yeah, you heard me.
Starting point is 00:38:13 Marie Callender's classic chicken parmesan bowl is delicious, with scratch-made marinera sauce, creamy mozzarella cheese, and no preservatives. It's high in protein with 30 grams per serving. Marie Callender's, what having it all tastes like. You're listening to. What are we waiting for? Well, what are you waiting for?
Starting point is 00:38:37 One, two, ready, go. In the Gester's Edge with Gary Culper. So, people voted for their calling them, the media will not use the words, a democratic progressive. Some will call him a democratic socialist. He got praised by Bernie Sanders and AOC, the rest of them. Well, I'm here to tell you, this man defines authoritarian. This man defines control freak. This man defines taking decisions out of your hands. This man defines socialism,
Starting point is 00:39:42 Marxism, communism, all rolled into one. He believes wealth must be shared. There is a big problem though ladies and gentlemen do you know what's happened in new york city in the last few years the wealthy have head for the hills they've run out they've said goodbye many of that billionaire have said up yours took out a certain finger and ran down to the palm beaches or south to miami or Texas, where the wealth is treated like it should be, because wealth is earned. I know some people inherit it, yes, I know. But wealth, for the most part, is earned with hard work and sweat and toil. And you know what else wealth does?
Starting point is 00:40:41 It produces. It hires other people. It does all the good things that produce a good economy in any community or any city or any suburb or whatever. And over the last few years, a bunch of people have been chased out of there because they've been talked down to. Remember de Blasio, that numskull? He said he is going to tax the living hell. out of the wealthy. That was his own words. They left. Same thing going on in California. They left. They tried to do a big wealth tax in Norway. They said they were going to raise all the money.
Starting point is 00:41:45 Wealth left. And they ended up massive deficits because the wealth ran away. The wealth, does not like getting the middle finger. What I don't understand is the guy's not shamed at all. He's not ashamed. He tells you who he is. And people are still voting for him. In Chicago, they had a major league socialist, Marxist, crazy woman as mayor who did nothing about crime. and they voted in somebody worse. I don't understand. What they sell you on is that your lot in life is where it is because they've held you down. But all they're going to do is hold you down. You know these high taxes they want to put on the wealthy?
Starting point is 00:43:01 I got newsfea. It ain't going to affect the wealthy. they're going to be gone, but it's going to prevent people from becoming wealthy as they move up their lot in life. The shame of it is, Cuomo sucks also, just sucks less, except he got accused for some sexual harassment crap. He put people in nursing homes during COVID where the elderly died. So he's toast. Now, there's an election in November, a general, and I guess, the
Starting point is 00:43:38 freaking mayor right now he's going to be in there didn't he just get pardoned by Trump or something for some crap that he did so it's it's a sea of nefarious that's all I can tell you but if this guy wins
Starting point is 00:43:56 if this guy wins go check out the videos he hates Jews he hates Israel he hates not even dislikes he believes He believes your money is the government. He treats it that way.
Starting point is 00:44:19 Socialism, Marxism, communism. It's all about control freakism. And they voted for the guy. I wish I can meet all these voters and give them 15 minutes of my time. Defund the police. Get rid of police. Defenders of your life. You know, I was accosted on a subway a few months back.
Starting point is 00:44:58 I don't know what was going to happen. The guy was ready. I was ready, too, if he made a move. It looked like he was going to. The doors open, two police were there, saw what was going on, took him away. If they were not there, I don't know what was going. was going to happen. I was ready, but I don't know what was going to happen. That goes on a lot in New York City, and he wants to defund the police. Go read up about it, ladies and gentlemen,
Starting point is 00:45:57 that's all. That's my take. Voters, God bless them. They're not doing their homework, unless they like people controlling their lives. And imagine if they ever ended up running the country. Go look what's happened to Venezuela, ladies and gentlemen. All right, we're done. You have a great evening, drive carefully. And when you get home, do like we do, quite simple. Make sure you hug your family.
Starting point is 00:46:31 Make sure you hug your children. They will feel better. You will feel better. I promise stay well, be well. Have a great one. Boy, I hope Nvidia follows through. Good night. This has been Investors Edge with Gary Coltbaum
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