Investor's Edge with Gary Kaltbaum - OIL AND YIELDS UP...NOT GOOD [03.14.2024]

Episode Date: March 14, 2024

https://garykaltbaum.com/...

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Starting point is 00:00:33 Investor's Edge with Gary Kaltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Kaltbaum. And welcome once again to Investors Edge. I'm Gary Kaltbaum, your host day. Thanks for being with us today. Glad you're here, ladies and gentlemen, happy that you are listening. It is, what is it?
Starting point is 00:00:54 Thursday, the 14th of March, 2024. I still can't get over 2020. But hope you're having a good day. We're not the market stinks today, and we'll explain why in a second. But first, if you do not get this radio show in your city, we'll post it at garyk.com. We'll post it on our Twitter feed, which is now X. And if you don't follow us on X, you really should. Just put our name in, and you'll be able to follow us.
Starting point is 00:01:19 And you can email me, just be nice. And in case you don't know, this is serious talk on everything that affects you, your loved ones, your jobs, the markets. We cover taxes, deficit spending, scam, shams, corruption, you name it, we cover it. And ladies and gentlemen, Bernie Sanders is proposing a 32-hour work week only work four days, but still get paid for five. That's the new proposal out today. Yes, my good friend, my best friend, Bernie Sanders, the man who has never worked a day in his life. The proposal is out. 32 hours, not 40.
Starting point is 00:02:07 Just want to let you know. You know, I get the honor and the privilege. The honor and the privilege to be able to do a radio show. And you listen to me, amazingly. I have the honor and the privilege of going on worldwide TV and debate the issues. But I must tell you, how do you debate dumb? So I just want to let you know it's never going to happen.
Starting point is 00:02:47 But if Bernie Sanders gets his way, let me take this two ways. You're that greedy, slimy, scummy business owner. You scum. You make too much and you don't pay enough. You're all dirt. And because of that, going forward, your workers are only going to work 32 hours. and not 40, but you're going to pay them for 40 because I'm Bernie Sanders, king of the hill. I'm here in Washington, D.C. You're nothing. What are the business owners going to do?
Starting point is 00:03:37 All you business owners out there, what are you going to do? Well, I'll tell you what will happen. There'll be less people, less employees, less productivity. but that's not even the important side. Of course it's important. How is it going to affect business? How is it going to affect the employees? Did this control freak Marxist adult? Think about that. What do we tell our kids about life in general?
Starting point is 00:04:17 What do we hope for our kids? What do we tell them when they get out into the world? Find something you love. That's one of the things we tell them. Do we also tell them, hey, reach for the skies. Do the very best you can. Work harder than the next guy. Work smarter than the next guy.
Starting point is 00:04:42 Educate yourself. Become great. Bernie Sanders. Reach for the sidewalk. Only work 32 hours. Oh, by the way. If you work more than 32, they're going to give you a time and a half. But what does that do?
Starting point is 00:05:05 What does that tell people? Only work four days a week. Only 32 hours. What does that do? Well, this is my thoughts. You can agree or disagree. What does it do? Well, in case you all don't know, I'm in competition.
Starting point is 00:05:28 You're in competition. If you own a gas station, you're in competition with the gas station across the street. You need to treat your employees better. You need to have your prices in line better. Maybe a little cheaper for the bubble gum or the wraps, whatever you sell. If you're managing money, you've got to treat your clients well. You've got to manage money well. You've got to protect it in bare markets.
Starting point is 00:05:59 Right? But how do you get there? What about a restaurant? What's your competition? Oh, the other thousand restaurants. And what happens in the restaurants? Well, let's see. At four in the morning, they're going to deliver food from different places.
Starting point is 00:06:16 Four in the morning, you have to be there or somebody has to be there. And throughout the day, you've got to set up everything right, put everything together, make sure the food's in good shape. And then your employees come in and you're cooking the food, but you've got to make sure you have the right amount. So you're doing all that and you're doing everything, and then people show up, and then you've got to feed them and serve them and clean and everything and all that. You've got to do all these things.
Starting point is 00:06:42 And you want to do it great. Do you think greatness is going to work 32 hours? Do you think greatness is going to work four days a week at not five? Excuse me, not seven? Here's what happens to those people that get caught up in the Marxist-Dolte-Dish Bernie Sanders poison. They get left behind.
Starting point is 00:07:12 They get beat by the competition. They end up 32 hours. Not striving. Not jumping. Upward mobility. And who wins? Those that realize that Bernie Sanders
Starting point is 00:07:27 is a schmuck that has never worked the day in his life. He's been in D.C. or in politics his whole life. He's a Marxist socialist that has kissed the ass of Cuba economic policies. He has proposed in the past a 100% tax rate,
Starting point is 00:07:45 a 100% tax rate on every dollar you make above a million. So imagine if you made $2 million, the second million, 100% gone. So why would you work after a million? Bernie Sanders never thought of that. Anyway, I've made my point. This guy has a vote on our future. because the people of Vermont, I don't know what the hell they're smoking, whether they're eating too much Benin jerrys,
Starting point is 00:08:13 who by the way are a bunch of anti-Semitic, I'll not say the next word. The good news it's never going to get through, and just so you know the reason he's doing it, the reason why Biden right now is pissing all over Benjamin Net and Yahoo today, they're just ripping them. They're trying to get involved in Israel politics. They're coming out against a,
Starting point is 00:08:37 somebody who runs another country because they're worried about the Muslim vote in Michigan because if they lose Michigan, they're in big trouble. And Bernie Sanders, the lefty counts count out to the lefty
Starting point is 00:08:53 nothing. That would work 32 hours. You know what I say to everybody? Anybody in my business want to work 32 hours, I will run you over. And that goes for any other business out there. It's stunning. It's stunning that we have a Marxist socialist, castro-wistic, imbecile in DC.
Starting point is 00:09:22 And you know what they're saying? Well, some of these other places did and it came out, okay. Yeah, okay. I repeat, if hiring somebody and they walk in and say, I'm only working 32 hours and the second person says, I will do whatever it takes. Who hiring? You know, I call myself Mr. Logic, but boy, oh boy, people make it easy.
Starting point is 00:09:56 Oh, and why do we bring these things up? Oh, it's pretty simple. This has everything to do with you, your money, the markets, the economy, because if they ever got their way, holy crap. That's all I got to say. Holy crap, if they ever got their way. Holy crap if they ever got their way. Between Biden and the $7.3 trillion of spending,
Starting point is 00:10:28 $2 trillion a year deficits, and it's going to be three. And this nut job, I wish I could go back 15 years I'd have been running for president. And I mean that, by the way. I wish I can go back 15 years because I would have changed my trajectory. There needs to be some logic there. There needs to be some logic.
Starting point is 00:10:59 And there isn't any at all. Not a lick. Hey, up next! Oh, we got to cover the market. And just wicked, we'll explain. Up next on Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investor's 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
Starting point is 00:11:59 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 888-4-2-4-2.4-2.000. $8.559. That's 888. 422. 555.59. That's 888. 422. 422.5559. Investment advisory services offered through call bomb capital management. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health.
Starting point is 00:12:51 pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat and it just becomes like a lifestyle where oh yeah, you know, I just have a stomachache every day or I'm constantly feeling like gassy. And all of those things are not something that generally if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so
Starting point is 00:13:35 much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz. This is a one. Month's daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary, dimmer, dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com.
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Starting point is 00:14:22 Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank. OnDak does not lend in North Dakota. All loans and amount subject to lender approval. 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.
Starting point is 00:14:44 The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. Yeah, I know. Said a couple of words, I shouldn't. It's just insane. Mandate four days of work. And you know, there are going to be people that say, yay.
Starting point is 00:15:18 Four days of work and I'm going to get paid the same. Those people are never going anywhere with their lives. They're settling. I'm happy. Good. I'll work 32 hours. show me great success stories and I will show you people that have worked their tails off
Starting point is 00:15:44 work their tails off to get where they are you know I once looked into should I be a lawyer or a doctor and I saw what they had to go through to get there doctors oh my gosh to become a doctor what they have to go through and they get weed on
Starting point is 00:16:13 because they make too much. Sorry, saving lives and going through residency and all that. They earned it. Now, I will say this. There is one group of people that don't make enough money. Teachers. They're vital. Now, I will say this.
Starting point is 00:16:37 There are teachers in college that make some really good coin. But you've got to get to that point. Oh, that's right. Teachers are run by a year. Union. Huh. Hey. Let me repeat on Monday.
Starting point is 00:16:56 Gil Morales will be on the show. We'll do a couple of segments. We'll talk about the markets and all and a bunch of the insanity and anything else he wants to talk about. You can go look him up. Again, he made thousands and thousands of percent in 99, but he's just, I just believe he's got a great eye, great wisdom. Great experience is. He worked with William O'Neill. I think I've only met William O'Neill, I'm going to say 10 times.
Starting point is 00:17:24 And the most time I've ever spent with him one-on-one, 30 minutes, because I used to hog his lunches at the seminars. Well, I'm going to give you the final numbers on the market, but boy, oh boy, 23 minutes can change the playing field a little bit. The Dow was down 137 today, the S&P 15, NASDAQ 49, NASDAQ, 15, NASDAQ-19, $153,000. transports 212. Now I'm not going to make, I'm not making this up. At 337 with 233 minutes to go, the NASDAQ was down 133. 137 with 233 minutes to go. It was at 16-0-40, rallied up 88 points.
Starting point is 00:18:34 The Dow at 337 was 38704, rallied 200 points. In 23 minutes. Still down 137 was down 337. Somebody was pressing buttons. Could or should or would have been much worse. And actually, I'm a little surprised about how we finished. But don't care. We only care about results.
Starting point is 00:19:11 Now, two things going on here. And I don't know what happened in the last 23 minutes, but I want to make notes. The 10-year yield popped up over a stick today to 4.298. And as you know, we have this thought process about the 10-year yield. When you have a chance, I want you to take a good look and let you know that if it breaks above 4.354 on the 10-year yield, could be headwinds. That's for starters. And it looks like it wants to get there.
Starting point is 00:19:48 it looks like it wants to get there. Also oil prices, up another over a stick today, edging above a little range. And what have we said to you time and time again throughout the years? Oil and yields down good, oil and yields up, not so good. What happened in the last 23 minutes? I see nothing. I see no news. I see nothing that jumps out.
Starting point is 00:20:18 and that's that. Tomorrow be another day. I will state for the record that after the close Adobe, which has been weak, is down another 40 bucks in the aftermarket to 530. I don't know if that's good news or not.
Starting point is 00:20:41 But Alta Salon is up 30 bucks. People are going to get massages and stuff. And that was the day today. At 337, if the market closed, I would have been saying some real bearish stuff to you on a near-term basis, not on a long-term. That said, even with the rally up, advanced declines on the New York, 9-61, excuse me, 855 up, 3166 down, NASDAQ 9-61 up, 3157 down, and more new yearly lows than yearly highs on the NASDAQ.
Starting point is 00:21:35 And it came off the lows at the end of the day. But the Russell 2000 was having a rough day. And that one bounced a little bit into the close also, though a little bit of pressure. In fact, the IWM at 337 was at 200.21. It finished around 202. 1% in 23 minutes Markets trading like a penny stock Welcome to my world
Starting point is 00:22:10 Semiconductors Well the socks today Well that bounced too Was down at one point 127 Still finished down 85 And I'm wondering if moving averages Stop the bleeding
Starting point is 00:22:33 You know where the semiconductors hit today the 21-day move and average before bouncing at the end of the day. We'll see. Don't know. Not sure. But I will tell you this. Markets under some pressure here. And we will be scanning tonight, see what we can find, see what tomorrow brings.
Starting point is 00:22:57 And more and more stocks went by the wayside today. And what we mean by that, maybe not in their uptrens anymore or just rolling over. What do we mean by rolling over? The stair steps change into the downside, not everything. Still plenty of stocks in shape. Oils, we told you they were emerging. They were up today. Oil prices.
Starting point is 00:23:16 Up next, what was down? I'm Gary. This is the one only investor's edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist, Victoria Motola, who explained. why so many of us live with stomach issues we should not accept as normal.
Starting point is 00:24:01 A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh yeah, you know, I just have a stomach ache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally if you have a healthy gut, you should be living with. So that's when we deep dive.
Starting point is 00:24:24 We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz
Starting point is 00:24:56 include eye irritation, temporary dimmer dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, On-Dec delivers funding you can count on.
Starting point is 00:25:21 Apply in minutes at OnDec.com. Depending on certain loan attributes, your business loan may be issued by On Deck or Celtic Bank. On Deck does not lend in North Dakota all loans and amounts subject to lender approval. 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.
Starting point is 00:25:43 He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. They hit a bunch of financials today. They hit the housing stocks today. Interest rates. simple as that
Starting point is 00:25:59 interest rates as I'm looking down a few other things I want to make note of and I've been careful on the crypto because it has done something that is not in the norm it's something that
Starting point is 00:26:19 happens every now and then by the way micro strategy I'm not making this up at 337 was 1555, closed at 1676. No bubbles. This is normal for stock markets, ladies and gentlemen. Not. Just be smart.
Starting point is 00:26:45 Be careful. Now where price has been. Now where prices come from. We have seen a classic Eiffel Tower move in the cryptos. though. And we could safely tell you, 10 days ago we would have thought it was done, and now it's made another move, and maybe it just keeps going, I don't know. Just know where things have come from. And if it just did a normal correction back to, well, let me put it best, the 50-day moving average is at 760 with it trading at 1676 on micro strategy.
Starting point is 00:27:31 If it wanted to go down, there is a lot of room for it to go down. That's all we're saying. And that's an if. And I can tell you the crypto people are fool themselves right now while they were constipated a year ago. Price moves emotions and price moves tout artists. Keep your feet on the ground. Be smart. and know when risk is picked up.
Starting point is 00:28:13 And let me repeat, we are saying that with full disclosure that we have no clue what happens from here. We just know how the world normally works in the stock market. Of course, this is not a stock. Frankly, I have no idea what it is. I'm pretty smart and nobody can explain. gold minimal pullback coal breaking down copper emerging differing things here and most importantly most importantly markets losing a few things nothing bad as long as the S&P and the NASDAQ hold that 21 day moving average that'll be good a break and then we'll visit down to the 50 and then the 50 will be a
Starting point is 00:29:19 the utmost importance, and that was your day at hand. Fundamentally, I don't want to see rates higher, and they look like they want to go higher. There was a inflation report today that I don't even talk about it anymore because it's a moving target, and I trust them as far as I can throw them. In case you don't know for the last 25 years, our wonderful government that's put us into 35 trillion of debt and it's going to run two to three trillion deficits each year going forward has changed the formula on inflation to make it lower and change the formula on GDP to make it higher. Interesting, huh? welcome to our politicians and what they are doing. And of course, the big con right now is on the inflation
Starting point is 00:30:29 about how much better it is, but they just forget to tell you, if something goes up 10% last year, but only 5% this year, you're up 15 approximately. So the rate came down, but you're still paying up. And of those of you that have to pay for home, insurance or health insurance or car insurance you know how bad it is or rent in certain
Starting point is 00:30:56 places out there thank you Jay Powell or when you go into the store and the big bag of party chips is as big as the old bag of regular chips at the same price or the Hershey's you know those little Hershey's in the big bag that used to go for 1099 that's now 1499. That's why people are pissed. They keep asking why. People want to know. And of course, when oil prices went up, it was the Putin price hike.
Starting point is 00:31:34 And when they went down, it was them. They took the credit. Oh, but then it went back up. Oh, it was back to being the Putin price hike. And then it went back down. Oh, look what we've done. And people don't want that type of leadership. And that's why Joe Biden's poll numbers are a little lower than root canal.
Starting point is 00:31:58 And that's basically the story. But back on the markets. The most important things for me are the semiconductors under pressure. We'll see what the good finish means. AMD, which was strong, big pressure. NVIDIA which was strong, feeling a little bit but still on the strong side. Other names have been going by the wayside. And what I have a big interest on is these financials today.
Starting point is 00:32:27 It's a pullback. I won't go further than that. But advanced the clients today sucked, notwithstanding the big rally at the end of the day. And it was still a rough day. Now, Microsoft breaks out to new all-time highs today. On volume. We'll give it that. Finished well on the day.
Starting point is 00:32:44 They had a bunch of announcements today. The market like, let's see if it sticks. That would be nice. And I must say the CEO of Microsoft, what a wonderful job they have done at that company with the cloud and the AI and all this other stuff that they're into. One of the great, I think they get underestimated. I don't think they're in the stratosphere as some of these other things. So good on them. I'm impressed.
Starting point is 00:33:18 good breakout today and that's the story today. Let me repeat again of big interest. Don't want to see yields and oil prices continue higher. I don't care what anybody else tells you that will not be a good recipe, not with some things going vertical. We know how the world works. We've seen what the market has done,
Starting point is 00:33:59 based on. And we know how the markets look and what they look at. And we know the correlations until the correlations change. Ages ago it was the GM indicator, then it was money supply. Right now, markets hooked on the 10-year yield. We're in March. I believe there's a Fed meeting at the end of the month. Got to deal with that.
Starting point is 00:34:39 and then third week in April earnings time and we'll see what we get what we'll be interested in looking for is certainly not what Adobe's doing in the aftermarket very important software company down 63 bucks in the aftermarket from 570 to 507
Starting point is 00:35:05 haven't even looked what they said We'll be looking for reactions like Dick Sporting Goods, up 29 today to 216. Up 15%. Dang. On 500% better volume. Earnings accelerated, revenue accelerated. Good on them. And that's where we stamp our feet.
Starting point is 00:35:43 We want to know the companies that are accelerating, doing better. stronger demand. One of the worst stocks in the market and certainly one of the worst groups is Tesla and the electric vehicles. Why? Demand. The wrong way. Up next, this, that, and the other thing or whatever else. This is the one only investor's edge. Hi, I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacist to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains
Starting point is 00:36:55 why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomachache every day, or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change.
Starting point is 00:37:31 Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer, dark vision, headaches, and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com.
Starting point is 00:38:02 OnDEC is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 help make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews. OnDec delivers funding you can count on.
Starting point is 00:38:21 Apply in minutes at ondac.com. Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank. OnDec does not lend in North Dakota. All loans and amount subject to lender approval. You're listening to. What are we waiting for? Well, what are you waiting for?
Starting point is 00:38:38 One, two, ready, go. And welcome once again to Investors Edge. I got to tell you, I was watching the last 20 minutes. It was just a big wow. That was definitely a program trade that just popped it up. We'll see what it means for tomorrow. Today could have been a real bad day. It was still a bad day and much worse than the indices.
Starting point is 00:39:26 And they were also buying up some of the bigger cap tech. and I worry about that being parking. We'll see. Hey, in the news, hey, California, more laws to have the rich run away from California. They're proposing taxing the rich on energy. You know when you use electricity, it doesn't matter how rich you are,
Starting point is 00:39:50 you pay a certain kilowatt an hour or whatever the hell that's called, right? What they want to do now is if you make a source, certain amount of money you're going to pay more a month surcharge. You know, like they want to do a wealth tax. Now, this may sound like small potatoes, but on top of the 13 or 14% state tax, the massive gas tax and everything else they do there, yeah, let's go after the rich on electricity. So now it's how much you make. At least they're trying. I don't know where they're going to get it or not. surcharges on electricity because you're successful.
Starting point is 00:40:44 How dare you be successful? I've got to tell you, these Marxist socialist control freaks, they're finding every which way. Hey, in the news, Apple, bounce today, still very weak. Interesting. Apple today buys a Canadian AI artificial intelligence startup called Darwin AI. You think they're racing to add AI features?
Starting point is 00:41:19 Interesting. They've developed AI technology for visually inspecting components during the manufacturing process and serves customers in a range of industries. Whatever the heck that means. What did I tell you? Everybody go in AI.
Starting point is 00:41:38 Whatever that means. In the news, Palantir. We're going to give a pat on the back. So the CEO of Palantir, PLTR, his name's Alex Karp, and he's had some pro-Israeli views. Employees have left the company. Don't let the door kick you in the, you know what. You see what's going on in Haiti? I don't see anybody in the streets yelling and screaming about murder and mayhem and they're reporting cannibalism.
Starting point is 00:42:19 No, we're not hearing any of that. The Sudan, they just come out. They're just murdering people. I don't see anybody going out fighting for the Sudanese people. Interesting, huh? Interesting. But all of a sudden, everybody's got an interest in Israel defending themselves and trying to root out the terrorists that are hiding.
Starting point is 00:42:51 in places. Interesting. That's why I give no quarter to any of these jackasses. And now Biden has decided to go after the head of Israel in order to please a certain component of voters. I just love politicians. As much as I can't stand Biden, he makes it worse by the day as far as I'm concern. And Trump lost to him. Unbelievable. That's a little bit of our news today, ladies and gentlemen, as we head into the NCAA brackets. So if your employees are not paying attention next week, maybe they're only going to do 32 hours versus 40 because they're going to be watching a bunch of basketball games because they're going to have a bunch of brackets in order to win bucks. Just letting you know. It's one of those moments in time, ladies and gentlemen.
Starting point is 00:44:07 You know, people love there. What have you. So anyway, back on the markets, boy, it could have been a lot worse. And boy, a mystery pop into the close. 200 Dow points in 23 minutes. 88 NASDAQ points in 23 minutes. 88 NASDAQ points in 23 minutes and I was scanning the whole last hour I may have to re-scan again welcome to my world we will just keep guiding you when wrong be wrong fast and small
Starting point is 00:44:50 when right hopefully let them run all we're looking for is launching pads turning into uptrends and avoid the bad simple as that We've talked China, that pulled back today. And this is a nascent startup move and we'll see if we can keep going. We're not so sure and we don't trust that government.
Starting point is 00:45:12 We mentioned the oils and some other commodities. Little pullback today, but oils were up again today for the most part. And remember, we were a void on the oils, I think, for a year, maybe even longer. So they've changed up a little bit. but I want to repeat going into the next few weeks I am watching that 10-year yield like a hawk I mean big time
Starting point is 00:45:40 4.354 a break above and the reason I bring that up and I haven't brought up the Fed a lot all the expectations are they're going to eventually cut but if rates start skyrocketing they're not going to be able to they're going to have to listen to the market. And if they don't, that will be a big problem.
Starting point is 00:46:10 Make sure right now, every night, just Google the words, 10-year yield. It'll be of import. Hey, y'all, I should be on with Cavuto tomorrow, noon hour, Fox Business. Check that out. And until tomorrow, you'll have a great evening drive carefully when you get home to like I 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. Peace out all. Good night. This has been Investors Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in
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