Investor's Edge with Gary Kaltbaum - Paper thin trading [02.17.2026]

Episode Date: February 17, 2026

https://garykaltbaum.com/The opinions you hear on BizTalkRadio, BizTV, or BizTalkPodcasts are those of the hosts, callers, and guests and do not necessarily reflect those of BizTalkRadio, BizTV, or BizTalkPodcasts, its management or advertisers. The information on BizTalkRadio does not constitute a recommendation, offer, or solicitation to buy or sell any product or securities. Please consult a professional before investing. 

Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy. The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections like Healthy Choice Simply Steamers grilled chicken and broccoli alfredo. It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy Choice Simply Steamers. What has to be able to be able to eat.

at all tastes like. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. A thanks of being with us today. Glad you here, ladies and gentlemen.

Happy that you are listening. It is Tuesday. Almost said Monday. February 17, 26. almost said 2025. You get used to numbers. Hope you're having a good day. Hope you had a good three-day weekend.

As always, we have lots to talk about, lots to discuss. Serious talk on everything that affects you. We'll talk the markets. It will talk the economy. We'll talk jobs, your industry. The whole works. We will talk the Morlocks. in D.C. And ladies and gentlemen, we won't pull too many punches today. You'll see what we mean.

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 X feed. If you don't follow us on X, you should. And if you'd like to email us, all you've got to do is be nice and respectful. Completely disagree with us, but do it respectfully. It's simple as that. Nothing wrong with it. It's what makes the world go around. I have to tell you, I go back and forth with people that tell me they're communists. They're not afraid or ashamed to tell me, and they tell me why they believe communism is better.

I'm not making this up. It's utterly amazing, but welcome to the world. Yeah, it is utterly amazing. We'll also post it. We told X-Feed will also post it on the YouTube channel of Biz TV and all that crap. Okay. Do I want to start with the New York City mayor first before I get into markets that were all over the map? Yes, I do.

So the difference in people. And just so you know, and why do we bring this up? Because I have noticed there have been more elections. where people like Zoran Mamdami has won. They call themselves democratic socialists. They're communists. What is the, if it looks like a duck, walks like a duck type of thing. So just letting you know we have warned, we have warned everybody on this show.

We've warned everybody on our TV appearances that take the worst case scenario, and multiply it by 50. And you can go look at the people he's hired. They're all anti-Israel, anti-Jew, anti-Semites, pro-communism, all of them. So the latest is, he did some presser. If the state does not allow raising taxes on corporations and high earners, I am going to raise property taxes on New York City homeowners. Let's think about that.

Think about that. You have the Santis in Florida wanting to get rid of tax on owning a home. This guy wants to raise the taxes. I want you to think about that. They're running a surplus in Florida. They're running a major deficit in New York City. In fact, all of full. Florida's budget is $117 billion.

The budget for New York City is $127 billion. Interesting, huh? Now, we're always careful. We were taught a long time ago, never put down your audience, so we're careful in putting down our audience and just saying, I don't know what,

what people are thinking by electing these people into office. I really don't. All anybody has to do these days is go into a search engine and put in the policies that they are proposing and ask, have these policies worked at other places, and you will see. see, it is destroyed everywhere they put these policies in. Yet they still vote them in. So in the spirit of never putting down anybody in the audience, I will just say, boy, I hope you guys do a little more homework going forward. No, I really do.

And by the way, that goes for both parties. So we'll start with that. The markets. I don't know if you know what it means. when I say paper thin trading. A paper thin trading means, well, at least today, wild swings throughout the day.

I can tell you that the NASDAQ today opened down about 180, within 15 minutes was even. Was it 15 minutes later, it was down 2225, was down 300 the NASDAQ and then it rallied 320 and that's by 1130 and then it dropped 150 by 1250 and then it rallied 270 by 245 and then at 359 it dropped 140 points and And in the last minute, it rallied 35 points on the NASDAQ, which brought it up 31 today.

The NASDAQ was up 31 points today, even though it was at one time down 300, and at one time was up 170 and wild swings. Gary, what causes that? I have no idea. but the NASDAQ and NASDAQ 100 both remain below the 50-day moving average in a range. We'll call it about 7, 8 percent high to low, but needs to do better. And of course, it's very much influenced by a lot of big names that are acting like crap, though a couple of them bounce today and tomorrow will be another day.

The Dow today Well let's do a little bit of the Dow right So the Dow today Let me get this right Okay Yeah I think I can do this Was down in the pre-market But immediately within 10 minutes

If I can find my footing Now let's call it up about 200 No not making this up and then it dropped 570 points to 1030. That's the time of the day. And then it rallied up 480 points in a half hour. And then it dropped 300 points within another hour. And then it rallied 350 points in about 20 minutes.

And then it pulled back to the close to be up only 32. No, really. That was today. and I don't know what causes paper thin trading, but we had one of those today. There wasn't a lot of big news today. I didn't hear anything on tariffs or anything crazy. So whatever did it, did it. But the S&P also remains below the 50 day.

The Dow remains a little bit above it. Small and midcaps are a little bit better than the rest. They finished, and mid caps were up a little bit the small caps were flat just a very weird day advanced declines were horrible early finished flat

I will tell you two to one negative on the NASDAQ new yearly lows to new yearly highs I don't know if that means much just letting you know it was just the weirdest

wicked day where I saw a hundred point moves in a second, and 10 seconds later, back down 100, or up 100, or whatever you want to call it. There's your day. Now, there was a lot of else jello moving on the plate. Some of the things we told you are really coming to fruition now, especially with gold and silver. and I know your gold bugs and everything, but they're doing what I thought. And that is that vertical move in silver was a climactic move, gold a little less climactic, but somewhat up next we'll explain.

And a lot more on Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. we manage investors money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs,

all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you, to where you would like to be, call us to make an appointment for a complimentary portfolio review. The number to call is 888-4-2-5-59. That's 888-4-2-5-59.

That's 888-4-2-2-5-5-9. Investment Advisory Services offered through call-bomb capital management. At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you. You need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CBS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine

matters. So visit us at cbs.com or just come by our store. We can't wait to meet you. Store hours vary by location. Here's a quick podcast for all you true crime fans. The case of the missing Reese's. It was me at the store with my mouth. Motive?

Um, they're Reese's. What was that going to do? Stop myself. Tune in next time to see if I do it again. Spoiler, I will. Wow, that had everything. Rees, suspense, reases. On deck 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. 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. 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 Investor's Edge. I'm Gary Coltbaum, your host.

Thanks for being with us today. Again, hope you had a good three-day weekend. I have to tell you. you've been following this thing in Tucson with Guthrie. This is the weirdest. You know, unfortunately, 85 and needs medicine to stay alive. I don't know if there's a good ending. But hopefully they find this prick and they find this young lady.

I've been paying clothes. I'm one of these amateur manic and Barnaby Jones guys. That's from yesterday year. And I really thought originally this had to be somebody she knew. And then we got the video and it looks like some sort of robbery, but one thing I don't get, how did they move her? How did he move her? Which takes me, doesn't have to be a they. And a car, had it been a car.

And there has to be video of a car. not necessarily on this street, but I gather they're going through every street connecting. This whole thing is weird as all hell. I really hope it works out. I hope they find. I hope she's alive, but man, oh man. And as I told you, when I wake up in the morning first 15 minutes, I do watch the first 15 minutes of today. And that's because I want to get a feel from what the media is wanting to cover.

because the media is insane, of course. All right, so gold and silver. So silver to me look like a climactic move. And you had a two-day drop from 110 down to 70. Unbelievable. Finish like at 74 that day. And then anemic bounce and his drop back down at 66 and change feels climactic.

And what that means, typically, That high ain't getting taken over for a very long time. And in fact may not even get close. Where does this come from? Just the study of climactic moves. Nothing's 100%. But I think what we said to at the end of those two days is absolutely come into fruition. Gold is stronger than silver, but the same thing is going on there.

Had a real somewhat vertical move. went from 510 to 422 in two days it bounced up to about 460 something was down 14 today and I suspect you got a bunch of time and price which means it's going to be hanging around for a while good day bad day good day bad day and I've said this to you before we've had days where it's gapped up we've had days where it's gaped down interesting enough the GDX which the gold miners acting better than the metal and that should give a little bit of hmm okay we'll see gold miners little look the same a little bit less so uh i wouldn't be putting any new commitments to either at this juncture if you own it a lot lower i think it's a hold silver i'm not so sure

and actually I'm a little surprised about how weak silver has got. That I'm quite surprised. Also of note, and I'm just picking a few things apart. Apple. Excuse me, but I don't know what the hell is going on there. So, four trading days ago, Apple was teasing an area resistance to break above. an area of resistance. It fell that day, and then in the two days subsequent, that's Thursday and Friday last week, Apple drops $20.

And to describe Apple dropping $20 is like saying Disney dropping 40. It was up eight today. At one point, it was up 10. I don't know what's causing. I don't know what's going on. I'm just letting you know. Apple's swinging like a penny stock now. I can't even begin to describe,

you know, I like describing the technical condition of something. Take your three-year-old, put a crayon in his hand, and have him draw. That's what Apple looks like. We'll see what comes of it. And may I state for the record, four days ago, it kind of looked a little bullish, and then boom, 20 bucks. Whether or not it was the AI curse, and as you know, the AI curse has been killing some things,

I don't know. I really don't know. I will tell you, I saw Apple made some BS announcement today, wearables with some AI. Remember what we told you a long while ago? Be wary. of companies just announcing AI this, that and the other thing? Be wary.

Even Apple. They didn't need to say AI in there. But they did. They probably saw that their stock was down 20 bucks. Anyway, it wouldn't even be put past Apple to try to goose their stock. Just letting you know. By the way, I have a little information on Apple

that most people don't know. and that is, I know I had it here somewhere, Apple, Apple, Apple, has bought back 727 billion of their stock over the past 10 years, which is greater than the market cap of 488 companies in the S&P 500 today. Huh? Is that the best use of their money? Well, I guess, yeah, because I think the stock's done pretty well in the last 10 years, right? What else? They're not bouncing the brokers. Remember, they got crushed on some artificial intelligence, something or other. They were crushed. LPL down another 12 today. AMP, AmeriP, AmeriP, down five. Raymond James, Stiefel and Schwab were also down again. Not much good there. Not much good in the private equity buyout shops. not in good shape at all that's the KKR

Apollo Evercore they just not acting well and I would tell you normally if I just look at those I'd say damn we're in a bare market but we're not at least for the indices

up next we'll keep going one by one I'm Gary this is the one only investors at. At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CBS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at CVS.com.

or just come by our store. We can't wait to meet you. Store hours vary by location. Here's a quick podcast for all you true crime fans. The case of the missing Reese's. It was me at the store with my mouth. Motive? Um, they're Reese's.

What was I going to do? Stop myself. Tune in next time to see if I do it again. Spoiler, I will. That had everything. Rees. Spence, Reese's. Cash flow crunch.

OnDack's small business line of credit gives your business immediate access to funds up to $200,000, right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently.

Apply today at ondeck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by OnDEC or Celtic Bank. Conduct does not lend in North Dakota, all loans an amount subject to lender approval. We're listening to America is talking. Investors Edge. He's got to be pleased with that.

The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. Welcome once again to Investors Edge. They bounced the banks today. Considering how much they drop.

they would do. I don't know if the drop was artificial intelligence curse. I'm being told, yeah, but I don't know. For instance, J.P. Morgan dropped from 326 down to 296 in four days. And that's J.P. Morgan. That's a low beta financial. It finished at 302 on $402. Friday after hitting $296. It bounced up another four bucks today. Goldman Sachs dropped from

968 to a low Friday of 869, almost 100 points, by the way, that's 650 Dow points. But it finished up off the lows by 36 bucks Friday, which was huge. It bounced up 11 today. but all of them are either below resistance and the 50-day moving average or an absolute no-man's land right now. And they were acting pretty decent. They were acting pretty decent. The truckers, they got slammed on some AI talk. I'm here to tell you off the lows, but, um, I can tell you, Landstar, the high was 165, it's still 144.

C.H. Robinson worldwide, the high was 205. It's still 177. This is after bouncing. Expediters was 167, closed at 147. So they bounced, and most of the bounce came from the reversal Thursday. Because that was the big drop day, the bounce Friday and a wee bit more today. And it has me really asking, what can be next? Do you know what they're slaughtering? You know what Intuit does, right? It's tax in financial software, earnings up 34% revenues up 18. the quarter before earnings up 38%

revenues up 20 those are ideal numbers it's gone from 813 to 378 and in this recent drop of just four weeks one two three make it five 600

to 378 and everybody's saying oh their business is screwed And I'm like, what? So just let you know somebody does this, I'm on my toes. I have to tell you, I did not see the truckers move down until they were already down a bunch. And I could tell you, the truckers slash logistic companies were acting very bullishly. and out of nowhere crammed.

C.H. Robinson went from 194 to 156 in 30 minutes. Now, if they just keep doing their numbers and keep doing their business and ignore all this crap and do good numbers and AI is not going to be meaningful, all these stocks are going back to where they were. but in the near term, holy moly, wicked to say the least. And then there, as I said, the brokerage stocks, LPL financials goes from 400 to 322 in five days. Charles Schwab goes from 108 to 93 in five days. Ameriprise goes from 550 to 468 in five days.

all because of maybe. Raymond James goes from 175 to 158. That's actually a decent one, only about 10%. So we're just letting you know, we're on our toes. Because what's next? Who is it, Goldberg, the wrestler? His thing was who's next? Yeah, who's next?

And you sit there and contemplate what else. And by the way, the consulting business, Accenture just went from 291 to 220. Booz Allen, 109 to 76. And by the way, they were already way off the highs. It is, to say the very least, humbling to see these companies getting blown up. So again, we're keeping our eyes wide open and asking questions. Not sure we'll get the answers. What else we're dealing with?

Tesla, here's the news, the latest. Had five new robotaxie crashes in Austin, Texas, breeding the total to 14. 14 robotaxi crashes and it was quietly announced. A Tesla's stock not acting well. And again, anybody who's bullish on Tesla and gets put in front of you doesn't even mention cars anymore. They mention robotaxies and some other stuff. There's some big bets based on valuations for Tesla. I wouldn't bet against them.

I wouldn't bet against the guy. but as we always say, we'll keep on watch. By the way, he's coming out with SpaceX. That'll be an IPO. That owns Starlink, I believe, which is fabulous internet. In case you don't know, I got to tell you, this guy is the, I don't know, the Thomas Edison of our days, whatever you want to call it. And you know what else he does also?

Tunnels. He's got a company called the Boring Corp. I just read here he got the contract to go from one universal studio to another by building tunnels here in central Florida. The guy's into tunnels. And by the way, that is the name, Boring Corporation. My big thing is, what am I eating for dinner tonight? And this guy now is building tunnels. Amazing.

Just absolutely amazing. What else? IBM's getting hammered. Is that artificial intelligence also? Again, we're asking all these questions because they're as valid as valid can be. We're not seeing any other news for IBM to get smashed. And we're asking, what else?

You know what else gotten buried? Zillow. Zillow stock just went from 70 to 44. We're not making this up. Earnings were up 44% revenues up 18. What are they saying about Zillow? Oh, artificial intelligence is going to take that over. Really?

By the way, let me repeat that. It just went from 70 to 44 in two weeks, 70 to 44, and is down from 94 in September, which means it's down more than 50%. So let me repeat. We are staying on our toes. We're trying to flush out everything because we don't know. There's winners, but then there's, I didn't even mention the software stocks yet.

Microsoft down another five today, Oracle down another six, Salesforce.com down another five, Adobe was down four. these are not fly-by nights. It's humbling. Up next. This, that, and the other thing, this is the one-only investors' edge. At CVS, it matters that we're not just in your community,

but that we're part of it. It matters that we're here for you when you need us, day or night. And we want everyone to feel welcomed and rewarded. It matters that CBS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at CVS.com or just come by our store. We can't wait to meet you.

Store hours vary by location. Here's a quick podcast for all you true crime fans. The case of the missing Reese's. It was me at the store with my mouth. Motive? Um, they're Reese's. What was that going to do? Stop myself. Tune in next time to see if I do it again. Spoiler, I will. Wow, that had everything. Rees, suspense, reeses. On Deck is built to back small businesses like yours.

Whether you're buying equipment, expanding your team, or bridging cash flow gaps, On Deck's 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. 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 amounts subject to lender approval.

You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Gester's Edge. With Gary Culpa. So, let me tell you how bad things are.

Let me tell you why there is so little trust in our leaders. I don't even know who Gilbert Cisneros is, but he's one of our members of Congress. He is a representative from somewhere. He sits on the armed services for intelligence, special ops, and military personnel committee. I don't know him from Adam, but here's what I do know. He just bought Aero Virenment, a leading defense drone contractor. He made the buy around the same time the Department of War, it's no longer the Department of Defense, is pushing their quote-unquote Unleashing American drone dominance project by requesting 300,000 additional drones from the industry.

And you want to know why the poll numbers and the favorability numbers for our leaders in Washington is worse than Root Canal and Jockich? How to hell do these people trade in the company? that they are voting on. I would say to them, each and every one of them, that sucks. You are supposed to be looked at as a leadership, above reproach. No, why would we do that? Do you know on Twitter or X, there is something called the Pelosi Tracker? it's called the Nancy Pelosi stock tracker

because she has made so many, so much money trading stocks that she were privy to news throughout the years. They're saying she's one of the, she beat most hedge funds throughout the years. Yet they do nothing about it. Not a thing. By the way, Mr. Cisneros,

a representative Cisneros, also bought GE, which is military jet engines, General Dynamics, a major defense contract. You get my point. You get my point. And they want to know why. And you know, I'm not accusing anybody of anything. But boy, there's a lot of coincidences going on, ladies and gentlemen.

And just remember, in your world and in my world, If we trade on information that is material and is in not public hands that we get from somebody in the know and we trade on and make money, we will be indicted, probably found guilty, and go into a six-by-nine cell for a period of time, while the people in D.C. not even ethically challenged. Yet they want to know why we're just done with them. Speaking of done. Eric Trump is pouring money into a sector that is the growing focus of the Pentagon. Drones. The president's son is investing in a drone maker as a part of a $1.5 billion deal to take the company public through a merger with a small Florida construction company.

By the way, that stock dropped 44% today. They're trying to tell us the president knows nothing. He's not involved. There's nothing I like about this. No family person for any president should get to invest during the years that the father or mother is the President of the United States in companies that are getting contracts from the government. That's all.

That's all. But they don't care. That's all. And I got nothing against Eric Trump. I am not saying there's anything untoward except to say they should all be absolving themselves or any of anything like this. I believe there's another deal. that they did, I don't know which son, that they got something, and all of a sudden there was a major contract involved.

You happy about that? We're not. Oh, the company already said they have secured a multi-million dollar Pentagon contract, you think? So just letting you know, we think all this sucks. That's all. nothing personal and we'd say this about a republican a democrat somebody in the whig party we blasted the corrupt Biden family that he pardoned just so you know they're all crooked pieces of crap in the biden family crooked all of them every single one not just hunter they made 25 million bucks

and don't get me started on the clinton foundation the greatest information the greatest influence peddling machine in history. And they want to know why we don't give a crap about anything they say or do. We trust them as far as we can throw them. And it's just exhausting and tiresome now that they get away with things that we go to jail for. That's all. We wish them all well. That's my point of view.

And notice, we take a lot. them all on. We don't care if there's an R. We don't care if there's a D. Doesn't matter to me. They should be above at all. Case closed. Hey, that all said, you have a great evening. Drive carefully. When you get home, do like we do. It's quite simple. Make sure you hug your family and hug your children. They will feel better. You'll feel better. I promise they will be well. Always appreciate your time. Have a great night, everybody. Bye, bye. This has been Investor's Edge with Gary Cult on BizTalk. To listen to past episodes or to get in contact with Gary, go to Garykay.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. With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're

stacking your rewards. Nice. Get up to 5% cash back with Venmo stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment and more. Pick a bundle with your Go-toes and start earning cash back at those brands. Do more stash, get more cash. Venmo stash bundle terms and exclusions apply. See terms at Venmo.combe. Sash terms. Max $100 cash back per month.