Investor's Edge with Gary Kaltbaum - Oooops! [01.07.2025]

Episode Date: January 7, 2025

https://garykaltbaum.com/

Hey, it's Parker Posey. How did I get here? I love improvisation when it comes to acting, but when it comes to a real-life plan, I stick to a script. Cue the music. Invest in your story with DIA, the only ETF that tracks the Dow. From State Street. Getting there starts here. Before investing, consider the funds, investment objectives, risks, risks, charges, and expenses. Visit statestreet.com slash I.M. for perspectives containing this and other information. Read it carefully. DIA is subject to risks, similar to those of stocks. All ETS are subject to risk, including possible loss of principal, Alps, Distributors, Inc. distributor. Investor's Edge with Gary Cultbaum.

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, or maybe you will not be happy that you are listening. We'll get into the markets in a minute.

Hey, this is serious talk on everything that affects you. We will do. The markets, the economy, your job, your industry, the election, the president-elect, the debt, the deficits, the promises, the corruption, and everything else that goes with it. And if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it on our Twitter feed, which is now X. And if you do not follow us on X, you should. And if you want to email us, just be nice. All you got to do is be nice.

Ladies and gentlemen, there are moments and there are moments in the markets. There are moments on the good side. There are moments on the bad side. And sometimes I would even just call them moments. It's just we've got to tell you what's going on. And it's, how do I put it best? An interesting day. So, let's start with the markets.

And then I'm going to have a lot to say about President-elect Trump, who I think was on TV with a speech and questions for like a hundred minutes, which has me stating, I think I saw more of Trump on TV today speaking than I have seen of Biden over the last year. seriously, but we're going to have to take a little bit, take some things apart that I think are important and I'm hoping somebody from the Trump administration is listening, but the market. This is off the lows. The Dow finished off 178, which is no big deal, right? at one time today it hit 42-380. It was down 328, and actually it was down like 328 at 20 minutes of four. So it rallied up 150 points. But the S&P was down the equivalent of 475 Dow points because the NASDAQ was down the equivalent of 475 Dow points because the NASDAQ was down the equivalent of 850 Dow points

NASDAQ was down 375 on the day NASDAQ 100 down 386 and that was off the lows 9421 68 the NASDAQ at one time was down 440 today and 1% doesn't sound like a lot

but when you've had so many areas of the market in bearish phases. And really the only one that may be coming out of it is oils because oil prices are up. I don't know if that's really good news. Nevertheless, it was a rough day today. Besides the little bounce at the end of the day, it was another one of those. Well, on the NASDAQ, 1,277 up, 2,904 down.

And it was just worsening throughout the day. on the New York 1330 up 2821 down and there's some things I need to cover. Let's start with the almighty Nvidia. You see, Nvidia gaped up to a breakout yesterday and the Nvidia CEO talked last night and said nothing wrong, said nothing bad. Nvidia opened up today at $153.

So it was actually up three in change, but immediately tanked and finished down $9.30 on the day with a big pickup and volume. Institution sold Nvidia and negated a good looking breakout of range. we talk about what we do here is we look for launching pads, that once they launch, they don't look back. But every now and then, they don't work. NVIDIA tucked its head in like a frightened turtle today on volume. And I don't know if there's a cause and effect, but man, oh man, the semis that were strong yesterday weakened throughout the day, and they were up early and the technology arena splat and I will tell you that a few important names we think

went by the wayside and Bitcoin, which we have been telling you, and this is just our opinion, we just think Bitcoin's the NASDAQ and it's just high beta asset. Got squash today. Bitcoin got squash today. In fact, I think Bitcoin hit today. Let me get you the price at the close. Bitcoin price. That's right. I put...

Nice, Gary. Bitcoin price at the close was 967. It hit 102,000 overnight. So rough day and they hit the

micro strategy for almost $40. Remember what we told you about that? It's leveraged up the wazoo. Got the Coinbase for 23. But for me, the thing that sticks out is Nvidia, which pretty much is the, I would call it the most important stock. But they hit APP for $25 today. Meta for 12. It was down 20.

N-O-W for $23 today. I should do percentages, right? It was just a rough day with not a very good finish. that's the best way I can put it. And as we tell you, we just don't look at the Dow and the S&P at the NASDAQ, we really look at 200 sectors and sub-sectors and countries.

And as we have been stating to you, day after day, how many sectors are in downtrends of differing levels with some areas just have been bludgeoned. I don't know if you know, if you know this, but defense stocks have been bludgeoned. 266 to 203 on L3 Harris. What is that? 20 some odd percent in eight weeks. Lockheed Martin, 618 to 464. 35 percent in 10 weeks? You already know about

the housing and managed care and retail and I don't need to go further. Just a very rough day and came off the lows at the end of the day. And what's the culprit? Well, the 10-year yield, 4.683, approaching the yearly high of 4.737, remember what we have told you about yields. It's not just that yields are going up, and fundamentally that's not good news because the mortgages go up, cost the capital goes up. Companies that are trying to float bonds have to pay more. It's the profits. But it's also the fact that you've got Jay Powell that has lowered rates from five and a quarter on the low end to four and a quarter. And in the same time, the 10-year yield has gone from

3.6 to now almost 4.7. I have news for you. The 10-year yield matters 10 times as much. as he does and his moves, except when he printed to $9 trillion, which ain't happening anymore. Tesla down 17 becoming a very wide and loose stock. What does that mean? Up and down and up and down. A lot of percentage up and down, wide and loose, not tight. And more new lows than new highs on the New York and NASDAQ also. And just more names, what we do call,

Going by the wayside. Breaking the 50-day, breaking support. So just a very rough day. Some of the glamor, high-bader growth names, as we said, came in. Pretty good. I'm not calling the death knell because money did flow into, I can tell you what was up today. And it was up much better to the market sank than bounced. Insurance bounced today.

transports, some of them bounce today. Some of the medicals bounce today. Hospitals bounced today. Oils. And they've been getting a little money flow. Gold bounced today. But on my screen, advanced declines, another miserable day. And we'll be watching closely, ladies and gentlemen,

it's the best way I can put it. Because today was one of those days. they got more. Up next, what else we got for you? We'll describe it as the one only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living,

specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, 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 complementary portfolio review. The number to call is 888-4-22-559. That's 888-4-22-5-5-9. That's 888422-5-5-9. Investment Advisory Services offered through Colbomb Capital Management. Hello, hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata. We discussed his vision for the future of quantum computing.

At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM.

I wanted the experience, the culture of building, hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with Conton?

By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Amazon Hub delivery wants to partner with your business. Help your business. Help your neighbors.

Discover a new stream of income for your business when you partner with Amazon Hub delivery. You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you and you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required,

no long-term contracts, and you receive weekly direct deposits. earn more, gain exposure for your business. Apply today at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Know a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program.

Visit Amazon.com slash hub delivery to learn more or refer a partner. That's Amazon.com slash HUB delivery. Now looking for hub partners in your area. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stock up savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, Oiraida, Silk, Capri-Sun, Bavarian Meats, and Charmin.

Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive. up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. It's time to switch on the integrator units and get the brain cells working. You're listening to Hey, this promises to be fun. Investors Edge. The last bastion of quality programming with Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. Wish I had better news. The best way I can put it is when arguably the number one stock breaks out and breaks down

the next day after a great speech from the CEO with nothing bad to say, just remember what we're about. What are the institutions doing with the big money, the smart money? Back last January, and Vidia broke out, remember $505? Went to almost a thousand before it topped out. and Vidia breaks out yesterday on the gap, fails the next day. Oh, but Gary, can't it just turn around and go up tomorrow? Sure. But we don't deal in what may or may not happen tomorrow. We deal in real time.

And what we do know in real time is institutions sold and somewhat on the viciously side today and just negated plus today. Now, the one thing we're watching, and sometimes some things perplex me, a black rock was 32 bucks breaking down badly. Blackstone, KKR, other companies that, by the way, they're kind of like buyout, investors and stuff. They're crushing them.

They're breaking them down. Some worse than others. But I noticed through the day they were buying up big banks. At one time today, J.P. Morgan was up four bucks. Finished up $2.30, even with the market down. A city group was up almost a buck. Was a little bit better early. America was up today.

Bank of New York. So why are they cramming to the downside the investment bankers? But the big banks, huh, not sure. But that's to be watched. regional banks act like crap, just another area. And when I do my scans, and I just keep this list, which I started a month or two back, gold, silver, metals mining, managed care, health care, drugs, home builders, economically sensitive, materials, industrials, rails, truckers, deliverers like UPS and FedEx,

China, Brazil, Solar's, autos, other medicals, oils, but oils have improved. Most semis, but they all had a great day yesterday, but reversed today. Big biotech,

consumer staples like food and beverage, insurance, defense, that's defense stocks, waste management. Those are people who pick up your garbage. By the way, give a tip to your garbage, man. Do you know I gave a tip?

and a nice one to the people that come take away the garbage every Monday and Thursday here. You wouldn't believe how happy they were. You would have thought they won the lottery. I don't think they ever get tips. I didn't realize that. I thought most people give tips to them. And I got to tell you, I couldn't do their job. God bless them.

You should see this guy. He's like a ballet guy. He's like a ballet guy. getting up and down off the truck. We really are spoiled, aren't we, about the things that so many of these workers do. I watch them putting roofs up. Man, oh man.

Man, oh man. How do they do that crap? Anyway, just some thoughts. But back on the market. You know, I give out percentages every now and then. And what we mean by that is, oh, with the S&P above the 50 day, 80% of the S&P stocks are below. There's a lot of that going on. When I can't own a lot of stocks because they just, I can't.

When I don't have a lot of setups, it tells you about the market. If on a daily basis, I'm finding more and more that, as we state, go by the wayside, Well, I don't know what tomorrow brings, but today was crummy. I don't want to go further than that. And I'm sitting here scanning as I speak because I'm ambidextrous. And as I have told you, the market gets a little bit easier for me. It's less for me to do when things go awry because there's less stocks that I know I even have to think about. And I can tell you at the close today, there'll be a few more less.

and tomorrow is another day. And I repeat, why is this happening? I have to believe it's the 10-year yield keeps going higher. Combined with valuations, I keep telling you valuations are 23 to 25 times earnings, depending on which rusty abacus use, and normality throughout history is like 15 to 17. And I remember we had one bare market where we went down to 8. what was us if we ever get back down to eight? No, we're not predicting that.

So just letting you know that's what happened. And by the way, I watched what the gentleman from NVIDIA had to say. The stock gapped up three or four points today. You're thinking, all right, and they just rammed it. And I think it's more market than anything they said. Because, man, oh man, he's a great chance. cheerleader of this company. I'm also noticing real estate stocks getting hammered.

You can go look at something called the I-Y-R. Just letting you know that too, along with the home builders. Interest rates go up. Guess what? Those areas are very interest rate sensitive. Now what do we do? well, what we continue to do, keep an eye on great relative strength, what stocks refuse to go down in the growth arena, but unfortunately, they're starting to get a lot of them.

And when I mean getting a lot, even the strongest are pulling in to a certain extent. Not breaking down, but coming in. And we'll keep gauging and gauging, and then we head for earning season, and we'll have a better idea based on who reports what and most importantly what the reaction is going to be. I have been asked incessantly with all the talk from me about all these areas. If we think we're going into a bare market, well, I don't even think we have to answer that. Just know there are areas that are already in a bare market and we will avoid them. And if the rest of the market decides, we'll know it.

Do you know it has to happen, right? the 50-day moving average gets taken out price never gets back above it the 50-day moving average starts descending and every rally is contained underneath a descending 50-day moving average until it's not like BP just did in the oils

bare market descending below the 50-day moving average from 11 o'clock down to 5 o'clock and now trying to come out of it. You can go look. Up next, what else we got for you? I'll figure it out. I'm Gary. This is the one only investor's edge. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM.

I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes.

Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building, hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? Yeah.

My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Want to earn extra income

for your business? Amazon Hub delivery is looking for ambitious business owners to assist with local deliveries. When you become a partner, you and your staff will deliver packages

to customers in your area on a schedule that works for you. With each package delivered, you'll gain extra income and exposure for your business. Plus, Amazon Hub delivery makes it easy to get started. There's no upfront costs,

delivery experience, or long-term contracts required. Sign up to learn more at Amazon.com slash Hub Delivery. That's Amazon.com slash HUB delivery. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st.

Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy-drive and go pick up or delivery. Restrictions apply. See website for full terms and conditions. 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 Coltbaum. It comes highly recommended. You're going to feel better if you talk to him. President Jimmy Carter's casket is now lying. I believe in the retunda of the Capitol. Is that Correct? Oh, it's right now it's being walked into the rotunda. As he has been taken from Georgia, up and down the highways, well up the highways to the capital. He'll lie there. People can go and salute. Thursday, as I said, the market's closed in honor of Jimmy Carter. I guess they're called day of morning.

And as I have stated for you that I thought he was, until Joe Biden, you know where I stand on him. And I'm very not thrilled with Jimmy Carter when it came to Israel. And I know about Egypt and Israel, but he really kicked him in the teeth a lot. But his post-presidency, how do you argue with somebody that did not? search for riches and could have like some others that have become worth $200,000, $200 million by creating influence peddling charities. You know who, right? So as I always say on this show, think about doing something for somebody you need absolutely

nothing from. Well, that's what Jimmy Carter did for a very long time with, I believe. Habitat for Humanity Among some other things. So good on him. And may he rest in peace. He is a He is part of a very small

club of presidents. And we'll do a best of Gary on Thursday, by the way, with the Marcosia. They're on the way right now to cat around on Capitol Hill right now as I speak.

A Bitcoin. I'm just letting you know. You got me? I know what you're hearing. And I know some of you that would never ever risk their money in crazy ways buying Bitcoin. And maybe you bought it a while back and you're making good money. The last spare market had it dropping 75%. And when it dropped 75%, it was left for dead. And then the market stopped going down, and the NASDAQ started going again, and it rallied and rallied strong. Everybody paraded in front of you right now. We're telling you quarter million, a million, 13 million. Somebody said 49 million. I urge you. I urge you to remember the last time the NASDAQ went into a bare market,

Bitcoin drops 75% because it has no earnings, it has no sales, it has no service, it has no products. And I want you to know that while it was dropping 75%, none of these peeps that are on TV touting the hell out of you had any answer except prayer. And for whatever reason, and I'm happy for them. we don't like people losing money in anything. Just don't forget. It drops 75%. That's all. The last time the NASDAQ got hit.

And I do believe these people believe that this thing's a million or 13 million or 49 million. The guy from micro strategy says, I will buy it up to millions. And yeah, he keeps borrowing money in adding stock to do that. Huh, follow price.

If you hear me say that Bitcoin took out the 50-day moving average, that will guarantee it has no chance to ascend any more till it gets back above. If I start telling you the process is on of a bearish phase of unknown price in time, you may want to listen. That has not happened yet.

rough day to day, it's just a bunch of back and forth right now. I just want you to remember what happened the last time the NASDAQ dropped, what the NASDAQ dropped, 35%. Bitcoin dropped about 75%. You're catching where I'm coming from. And the reason I'm bringing this up, and I'm probably going to do it every day, because I know what's going on out there. I know what you're hearing. I know what they're saying. I know emotion.

And I know people and I'm not using this as a bad word. People and their greed. You hear me? I hope it goes up forever. But it's just an asset. It's just an asset. All assets go through bare markets. When you have nothing behind you,

bare markets are usually worse. I know you're also hearing about President elect Trump and what they may do, a store of value. That won't matter either. If it wants to go into a bare market, it will go despite. That's how markets work.

And I want you to remember markets do not care about you or I. You got to work at it. That's why we're all the time coming on here about no sales stuff that are going insane to the upside. By the way, they got hit hard today. I'm seeing a bunch of 25% drops today on the no sales stuff on a rough day in the market. Three words. Pick your poison.

By knowing your poison. The greatest stocks long term are the companies that grow their businesses. The stronger the better, the longer the better. The stocks that get hit hardest are companies with no sales if nothing changes. We say this vociferously. We say this because we hear from people. We have felt greed by people. I have met 85-year-old retirees buying micro-strategy.

and watching them go up 200 points and not selling and giving it all back. And the reason they didn't sell, oh, because, oh, eventually it's going higher. A hundred percent certainty. Certainty will kill you in this business. We doubt everything until it's working and working well. That's our thoughts. That's our take. We hope Bitcoin never goes in a bare market again.

Just remember, they try to bring out 32,000 coins with most at zero. A woman is being sued because she came out with a meme coin that went down 95% overnight. It's probably zero. I haven't even looked it up. An old buddy of mine had a line. This ain't no hill for a climber. We'll keep you abreast of it as we move forward. Rough day today.

Micro Strategy down a measly 11% today. Up next. Hey, what happened with Trump today? The good and the bad. This is the one only investors edge. Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata. We discussed his vision for the future of quantum computing.

At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I want to the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology?

There will come a point when it will mature. My cell phone is a mature technology at this point. How far are we from that point with Kondo? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Amazon Hub delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub

delivery. You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you, and you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts and you receive weekly direct deposits. Earn more. Gain exposure for your business. Apply today at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Know a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program. Visit Amazon.com slash hub delivery to learn more or refer a partner.

That's Amazon.com slash HUB delivery. Now looking for hub partners in your area. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stock up savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings.

Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in store or online for easy drive up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go.

Investors Edge with Gary Culpa. And welcome once again to Investors Edge. In the news of Washington, D.C., a job. The judge refuses to halt Donald Trump's New York criminal sentencing, and we'll do it before the inaugural this Friday. Let me state for the record, this judge sucks. This is a biased judge. If this was anybody else, and by the way, New York is no fan of Trump, they would just blow the doors off of this, and it would not happen. We're not saying Trump's guilty or not guilty, but become president.

There is a certain thought process behind things like this. Anyway, so he's going to be sentenced, but it's not going to be a sentence. There's going to be no jail, no nothing, but they just want to make a whatever of him. Democrats, believe it or not, by the way, the bill passed. 159 Democrats in the House voted against something called the Laken Riley Act, a bill that would more easily allow illegal migrant criminals to be deported. It passed. But 159 that represent their district, they represent the country,

want to keep people that are here illegally, and let's be clear about the law, illegally, and they're criminals. What a bunch of ass clowns. What a bunch of ass clowns. 159 of them. The Biden administration is moving to ban medical debt from credit reports. And I got to tell you, I was thinking about that. I'm not so sure it's the worst thing.

And do you know why I say that? Remember what I told you? I went into the hospital for one day, and I got a $26,000 bill. 5,000 said outpatient, but I wasn't an outpatient. 6,000 said emergency room, I was there for 10 minutes. So I called up the hospital to complain, and what did they do? They sent me the same bill, but they changed outpatient to other words. They came up with something else, and they changed the emergency room.

So they made it up. The hospital made it up out of thin air, what they were going to charge me for. And I spoke to the patient advocate, they call it. And I said to the, what the hell's going on with you, people? How do you charge 5,000 for outpatient? I call you on it and you change it. And they came up with these other verbiage. Oversight.

Oh, people are watching over you for like nine hours, 5,000. What about the emergency room, 6,000? I was in there for 14 minutes. well you know you so I'm almost thinking there's a lot of that going on oh and by the way when I was all said and done with the hospital boy did they

knock down a lot of the crap I think they saw my bio I don't know if that's the worst thing in the news meta is ending their biased fact checking

program to do what they do with Twitter which is community notes. On top of that, Meta, Facebook is hiring Dana White, one of the best friends of Donald Trump to be on

their board. You don't think politics matters? That's how bad some of these companies are. They will completely change their stripes depending on who's in the White House. If Kamala Harris won, none of this happens. These

biased social media wankers. I don't know if that's a word. Idiots. Anyway, you get my point. Trump. He did like 100 minutes today. It was a speech impressor. If anybody from the Trump administration is listening, let me give you some constructive feedback. Donald Trump is not going to be able to lower prices for food, yet he says he's going to lower prices for food. I'm just letting you know. that's going to go based on time and more time.

It's not going to be a snap thing. Yet Donald Trump is promising out of the box that prices are going to come down, and I'm letting you know he's going to be called on the carpet for promising. He should be saying we'll be working on that. And we think the reason it's happened is because of, and this is what we're going to do differently,

no, the promise. We think that's a mistake. Donald Trump is also saying all hell is going to break loose if Hamas does not release the hostages by the time of his inauguration. Mistake. Now, if that type of tough talk makes Hamas let go of the hostages before then, then it works. But if Hamas doesn't, there's nothing Trump can do. What are you going to send in? Americans to going to Gaza? No, you're not going to do that. So we should be careful about that type of tough talk. Promises, promises. You've got to be careful as the President of the United States. I think it's a mistake. All hell's going to break loose. He says he's going to change the name of the Gulf of Mexico to Gulf of America. I got no problem with that. Why not? But he also was.

asked, would he economically or militarily pressure Greenland or Canada? Would you say no to that? I can't say no. So Donald Trump left it open

for militarily going into Greenland or Canada? What? Mistake! All these things are going to come back to haunt. Donald Trump's got a realize MAGA people hang on every single word and every single promise. And there's something called overpromising and under-delivering.

He's not getting Canada as a 51st state. He's not buying Greenland. We'll keep covering it. We hope somebody's listening. I wish we had better news of the market. Tomorrow's another day. You'll have a great evening. Drive carefully.

When you get home, do like we do. Quite simple. Make sure you hug your family. Make sure you hug your children. they will feel better. You will feel better. I promise. Stay well, be well. Serenity now. Good night. This has been Investor's Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Want to earn extra income for your business? Amazon Hub delivery is looking for ambitious business owners to assist with local deliveries. When you

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