Investor's Edge with Gary Kaltbaum - Oopsy! [11.13.2025]

Episode Date: November 13, 2025

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Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Colbom, your host. A thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is, you know, darn, it's Thursday, not Friday. It's Thursday, November 13, 2025.

Hope you having a good day. In case you don't know, this is serious talk on everything that affects you. We'll do the markets, the economy, jobs, unemployment, taxes, deficits, your job, your industry, and a lot of crap going on right now. Hope you are listening. But first, if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post on our X feed. If you don't follow us on it. You should.

If you'd like to email us, you've just got to be nice. We'll also post it on the podcast apps as well as the YouTube channel of Biz TV. And that's that. First off, a couple of things. Next Wednesday is our annual Colvbaum family Thanksgiving dinner. We have been doing, this may be year 23 or 24. I don't know, where our family has sponsored, put up the chairs and tables, took them down,

served the dinners, amongst many other volunteers. For anywhere around 300, one year we had 400, youth from the Boys and Girls Clubs of Central Florida a Thanksgiving dinner with music. Sometimes we get celebs. You know, we had Shaq one year, and we had Griffey Jr., two years. Magicians, the great magicians from Kastia Kimlett will be there this year. Coming up this Wednesday in Orlando, Florida, if you'd like to volunteer, email me at garykade.com.

It's my favorite day of the year, basically. love doing it. As we have told you throughout the years, we really do believe in always doing something for somebody. We need absolutely nothing from. And what better to do for some young kids, young youths where we've never took in a poll. We never took a poll. A bunch of them are not going to have Thanksgiving dinners. So we reach out and love what we do. That'll be next Wednesday. which means we will not be doing the radio show Wednesday Adam will be doing it for us and that's that now that's the best news I can give you for today We do have a lot to cover Where do I want to start? You know we don't write down any notes

We don't we wing this show. We know what we want to speak about But we don't write down any notes except on very rare occasions today is one of those occasions we try to guide we try to tell a story what do we mean by trying to tell a story well we believe the market tells a story every day it tells the story of uptrends and downtrends bull markets and bear markets tops and bottoms and all kinds of other crap. And one of the stories we have been telling you here on this show,

what are the warning shots. We've been warning you. The first thing we've been warning you about, and we have said to you on this show, you're welcome, is the no-sales stuff in the market. That in the last, I don't know, six months, A bunch of companies with no sales started rolling and being bought up. On top of that, touted.

And they have been in select groups. Quantum computers. Drones. Recently rare earth. Crypto mining. Nuclear. Robo stuff And when I mean no sales

I mean no sales We're not kidding And you have stocks With no sales that have done moonshots Vertical Based on A theme That gets hot

Gets talked about Gets touted And all we have have stated to you starting again about what about eight weeks ago would you guess we started going into motto mode what's our motto if nothing changes when the curtains come down and the bullish frenzy turns down you better get the hell out of the way Because if nothing changes, they're going to go back where they came from. And when we say if nothing changes, we don't know if some of these companies become big stuff.

And we're not against that. We're rooting for them. But if nothing changes, and as you know, this comes from precedent. Not president, but precedent. And that means we have studied the past, bull and bear markets, froth and speculation, no sales companies, money losing companies, and there's one common denominator. When the music stops, if nothing changes, they will go back to where they came from. Well, you're welcome. They're crashing.

And they even worsened today after they've been crashing. that's number one but the other part of that equation what does that mean that they're now crumbling down and by the way when I mean crumbling hmm let's look at a rare earth stock

that just went from three to ten and a half in four weeks it's back down to $4.61 cents last I looked that's 60% almost or how about that one that went to a $25 billion market cap in nuclear? It just spent from 194 to 101 in the last three and a half weeks.

They reported earnings yesterday, no sales, a loss, and the stock actually bounced a little, right back down 9% today. O-K-L-O is the symbol. So that's number one. And there's a bunch of them. And some of them are down as much as 70%. But what does that mean also? Does that mean risk appetite is gone?

Well, could be, possibly, maybe. We also warned you about micro-strategy, which is now called strategy, that many call it a scheme. I'm not going to use that word. I'm just going to say suspect of a company that All they do now is buy Bitcoin with debt and more stock. And as Bitcoin now has only dropped, let's see, I-BIT has gone from 71-82 to 55-59. That's about, let's call it 60, about 22%.

Micro Strategy has dropped from 457 to 208, three times as much. leverage. Hmm. We warned you about that too. We have also warned you about the excessive concentration of wealth in the market. Namely,

semiconductors slash artificial intelligence slash technology slash data storage and all that stuff. And we have been wondering of a few things. Number one, The debt, there's been a lot of debt involved in moving things forward. Up next, number two, number three, and number four. And names, I'm Gary.

This is 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.

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offers the premium benefits you expect, like a $300 annual Capital One travel credit. for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change.

See Capital One.com for details. This episode is brought to you by Spreker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need. explaining RSS feeds to confused relatives, and saying things like, Sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple.

You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. 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.

So, let me pick one out for you. Oracle, run by the esteem Larry Ellison, they made announcements of where things are going to go, going forward. Gargantuan numbers involved with whatever they're going to do going forward for the artificial intelligence community. But we have watched the stock go from $345 to $217 since that big gap to the upside in September. And then that big announcement, October, ramped the stock up to 322 and watch and drop the next day and is just basically crashed since. And I think to myself logically, just logic, this company announced gargantuan guidance and the stock is crashing. Oh, by the way, it's Oracle. And then we start reading about the massive debt that's being taken on by Oracle.

And by the way, the price of their debt has been dropping markedly. The bet in the market, not me, is that something's up. And we've been telling you that. And at the very least, it's an void. But then there are other things that have happened. recently. Core weave. Another one we warned. The stock just went from 140 to 77 in the last seven days with an announcement of a 207% sales growth year over year. But it comes out lower guidance, another loss and raising of debt. And there's many of

others and many others. And we have been reading reports, and we've said to you this recently, about what is known as circular financing, vendor financing, of companies that are taking, putting an investment into other companies. In other words, given them money or lending them money to buy that first company's products, and of course, booked his revenue. vendor financing it's called and it's like wow that crap happened in 99 and the markets ignored it and we didn't when we say to you vendor financing and circular financing it doesn't sound good

but at the markets going higher maybe everything's okay until maybe the markets don't go higher anymore. And recently we've had some rough sledding in some names, not a ton. And recently we've had some vertical moves and data storage because every day we're hearing, bazillions of dollars are being spent, not now, but going forward. 2030. I got to tell you, I don't know what I'm having for dinner. tonight and we're being told by technology companies which are notorious with things change so often 2030 we're going to spend this amount of money and we're like wow and we have posed the question to you what if they don't and then we pose the statement for you to you they had better because the worry is, are these priced based on this?

And when we tell you something like a palantier, and again, this is not a rib on the company, it's fact. At the close today is trading at a $408 billion market cap, and that's after dropping from a high just about eight days ago, at $208. It's 172. And it's still as a four.

You're paying $408 billion for a company with less than $4 billion in revenues and gets a lot of those revenues from government, which is notorious to potentially change their mind. So some valuation issues. What else have we posed? Tesla. we love Elon Musk

revolutionary but all we keep hearing from analysts don't worry about the car sales and the latest one was Germany car sales down 50% year over year but don't worry don't worry that earnings were down 31%

this quarter 23% the quarter before 40% the quarter before 15% the quarter before don't worry because of robot and robotaxies. Don't worry. But what do we tell you about the here and now? And meaning the here and now, sometimes the market wants to know what's going on in the here and now, like those no sales companies. And no, we are not comparing Tesla to a no sales company. They have 100 billion in revenues. Tesla, well, let me just state for the record. The NASDAQ dropped 536 today. Tesla, one of the most important beta names, dropped 29 bucks today on volume,

cracking the 50-day moving average easily. Huh. The semiconductors were down $263, $263, a pretty good drop, and the semis are now getting what we call wide and loose. And there was some deep do-do drops today in some of the strength. What's been the strongest stock?

Sandisk. But we have told you classically, classically, companies like this go through cycles. It was down $40 today. That's not going to be good for the market. Celestica down 42 today. Seagate down 20.

I can do others, but I wanted to press you. but then you also have other areas of the AI and that's the supposed constructionaires of the data centers. Up next. Wait till you hear what they did. Up next. I'm just the one and only investors edge.

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That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit. for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination.

Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need.

explaining RSS feeds to confused relatives, and saying things like, Sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more my podcast.

microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. And welcome once again to Investors Edge. By the way, it may be sounding like we're trying to harsh your buzz, no, we are just keeping it real, factual. So we have been telling you there's been all these freaking numbers, all these numbers. And there's been numbers that we've actually said to you, we've actually said to you, they don't make sense. How does a company

say they're going to spend, and I'm just throwing it out numbers? How do you? How as a company say they're going to spend a hundred dollars, 100 bucks, when they have cash flow of 50 cents. We've heard a bunch of that. So very rough day. The bubble has popped. The bubble's popped on the no sales crap. The bubble has popped on those memes.

On top of this, during this time, you have companies coming out with two and three times stock moves which provides leverage we'll keep watching anything that breaks the 50-day move and average goes bye-bye

today Robin Hood, Palantir Shopify, Siemens Modelithic power Rambus, SoftBank Vertive Cloudfair

Cretto BWX-10 power generation systems, whatever. And then you have some very recently strong names that are supposed to provide the heating and ventilation and air conditioning for all these data centers that's supposedly going to be built. Fixed today was down 75 bucks. STRL. Sterling infrastructure down 54 bucks, 14% cracking. The 50-day moving average, catch and drift.

So very weak day-to-day, I have no idea what happens tomorrow. What I just know, air came out of those areas, not just the no-sales, but some meaty companies. And I worry, mark this down. I really worry. about the debt that's being accrued based on this artificial intelligence thing, very worried about that now. Because accruing massive debt at the height of, which takes me the next part of the equation.

By the way, the Dow is down 800 today, which by the way is not even 2%. And by the way, the Dow has been strong. and I think if I'm not incorrect, the Dow's still up 470 on the week. So I'm not trying to poo-poo it, but the Dow, you know, is quite defensive. You know what else happened today? Goldman Sachs broke out of range yesterday, down $32 today. A JP Morgan broke to new highs yesterday, down 3.4% today, tucked in like a frightened turtle. and we know that these banks and the other companies investment bankers do business with all this stuff.

We're watching the markets very closely now, kids, because they have been so technology-centric. Now recently you've had very good money flows into medical, pharmaceuticals. Eli Lilly has gone insane to the upside. and a lot of lower beta areas, but they have just been bouncing in their bearish trends. Other notes, Disney, down nine bucks today, seven and three quarters percent, earnings were down three percent.

And interesting enough, they mentioned Universal Epic. It's the new theme park in Central Florida. I have not been to it yet. We think Disney's got to fix themselves up to. prices and some other things. Disney didn't help today. Just letting you know. But just a very rough day.

There's some green, not much, drugs, some insurance, a couple of restaurants, but you know the restaurant's stock's been trashed. But as good as the commodities were yesterday were bad today. Housing never got going. and as we said the semis and the financials, e-ve-day today. The big indices have not broken the 50-day yet. The NASDAQ is right there. 22870.

The 50 day is 22-8-1-1. Just below the S&P. Closed at 6737-67. 6699 is the 50-day. Don't want to see that crack. No, no, no, no, no. Don't want to see that. Gold today was acting splendidly.

But even that came in. Happened in a nanosecond. At 125, everything was fine and then whoosh to the downside. The gold. Crypto. Not good. Hope you listened. The Bitcoin deeper into its bearish phase.

And by the way, they say bare markets are 20%. It's more than 20% down. And I think it broke 100,000. I think I saw that somewhere. I do want to tell you, though, that the mid cap below the 50 day, I do want to let you know the small cap broke below the 50 day today, mids and smalls. That would not be good news.

Broader market stuff. So defensive. That's where it's gone. Started with the froth and the speculation, the no-sales crap. And I do remember, man, I saw a couple of the no-sales CEOs on TV acting like there's something. If your son or your daughter went on the corner and sold one glass of lemonade, you would have more sales than that CEO that went on TV banging his chest like a big gorilla in the outback. or wherever the guerrillas are. We're good guerrillas.

I've been seeing videos of people going to see these guerrillas. I may have to do that. I guess that's in Africa somewhere. Anyway, so today's sucked. We hope you have listened on the fraud, the speculation, the crypto, the micro strategy, and anything else we've told you to avoid. Up next, this, that, and the other thing, or whatever else.

This is the one only investor's edge. It's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less.

Go to Tommyjohn.com today for 25% off your first order with code comfort. That's Tommyjohn.com code comfort. Tommy John, comfort perfected. This message is brought to you by the Capital One VentureX card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination.

Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, Upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing.

Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at Spreaker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to. What are we waiting for? What are you waiting for? One. Choose. Ready, go.

Action! In the Gester's Edge. With Gary Culpa. Da-na-na. Da-na. Hey, yo. So, as you know, that's a little bit of rush. I am going to go see them seven times on tour. I'm going to go to seven different cities on tour.

I'm picking out the Saturday nights. That's easiest for me. I'm going to visit seven different cities. The easy ones, well, I think the Hollywood, Florida is a Thursday. But I'll go to the Tampa, Madison Square Garden. I'm going to do LA, Chicago. Try to think I have a couple others. I haven't gotten my tickets yet, and they're a pretty penny.

But man, oh man, that's all I got left these days. Who else do I, can I say? I'm going to see the Eagles at the sphere. That's it. McCartney, maybe I'll see him one more time. Didn't he see, didn't he see the Who again? I saw him, I don't know, five years ago in Jacksonville at front row. It's fantastic.

Saw the stones at Hyde Park. Saw the Eagles at Hyde Park also, but I do want to see them again, even though Glenn Fry is gone. After that, who do I got left? all my groups are done. Genesis is done. And Phil Collins, man, he looks old. Hope he's doing well. Bad health.

But all my, I won't go see fake journey. Heck no. Sticks is touring, but this is I think one or two from there, and I saw them a couple of times. I'm good. Billy Joel, I've seen 18 times. I'd see Springsteen again. I just saw him with The Fish Man. It was about a year and a half.

It was fantastic. He's so good. That's our music part of the show. Anybody else left that I can go see? I don't think so. I think I'm done. We'll do the rush thing and that's it. Depression.

You know I'm a concert guy, right? I love going to my favorites. All right, moving on. I have absolutely no idea what the market does tomorrow. I do want to let you know applied materials, one of the strong semiconductor equipment stocks that has benefited from all that stuff, reported earnings after the close. It is down, closed at 223 today.

It's two six. It's down about six and change in the aftermarket down 14 for the day. Okay. and video ports next week and I got to tell you we made big money on Nvidia last year we made money on it a couple times this year but we also stopped out a couple of times

the last one we did we bought it at 184 see it go to 212 we ended up getting out at 189 made a whopping five bucks watched it go right back up to 195 got pissed off about it. It's back to 186. I feel almost better.

But they report next week. And we'll see what that brings. They're not going to report anything bad. Let's see if the market's flushing something out. Because all I can tell you today, the big institutional crowd today, was, for lack of a better words, jailbreak. And for the weaker, our less. screen we call it the weaker tech page that craps imploding imploding AP core weave that circle internet reddit recently N BIS topped out and croaking things

like HubSpot and zebra technology ooh FLUT today oh down a M-Ezy3 dollars to 201. Online gaming in Ireland. A lot of competition there. Things like that are on that screen. Intuits on that screen. Mercado Libre. Service now and the like. If there's anything we do for you on this show is when we tell you something breaks the 50 day, you better be listening. And yet quite a few today do that. And again, S&P NASDA. just above. I want to see if that's thick. New yearly lows today on the NASDAQ,

136 on the NYSE, and by the way, advanced declines today. 924 up, 3477 down on the New York. 923 up, 3629 down on the NASDA. In other news, you know, we even mentioned Washington today. I probably should. The Treasury Secretary was out today. I don't know if he said this by mistake.

Oh, we're going to lower the tariffs. That should help costs. But they told us tariffs done raise costs. Interesting. Just let you know. I saw that today at the White House. Let me finish off with something. Go look up credit default swaps.

go look that up. A lot of these AI plays, their cost for that are going up markedly. Just of note. Our job is when more and more avoid show up

to warn. You all have a good evening, a great evening. I'm going to work out. 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 they will be well. Hopefully a better day tomorrow. It's not our fault. Have a good night, everybody. Peace out. This has been Investors Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com.

That's GaryK.com. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John Underwear is designed. for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw fly is a game-changer. With over 30 million pairs sold,

there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com, code comfort. Tommy John, comfort perfected. This message is brought to you by the Capital One VentureX card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination.

Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details.