Investor's Edge with Gary Kaltbaum - POWELL-ITIS [09.17.2025]

Episode Date: September 17, 2025

https://garykaltbaum.com/...

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Starting point is 00:00:00 Hey, it's Ryan Seacrest 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
Starting point is 00:00:26 and go pick up or delivery. Restrictions apply. See website for full terms and conditions. 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.
Starting point is 00:00:47 A thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Wednesday, September 17, 2025. Hope you're having a good day. Thanks for joining us. In case you don't know, this is serious talk on everything that affects you. And I mean everything that affects you. We'll do the markets, the economy, your job, your industry, taxes, tariffs, corruption, scams, shams, your credit cards.
Starting point is 00:01:14 We'll do that every now and then. And whatever matters, whatever counts, especially the interlopers, and we'll get into some interlopers today. And if you do not get this radio show in your city, listen carefully. I will post it at garyk.com. You can get it right there. I'll also post it on our X feed. And you should follow us on X. Just put my name in.
Starting point is 00:01:39 It'll also be on BizTV YouTube channel. Check that out. So as you know, radio stations, move, stop, change, you name it. It's been going on forever. We're in recognition of that. We have dealt with it forever. So again, Gary K.com. And if you'd like to email me, all you got to do is be nice.
Starting point is 00:02:06 All you got to do is be nice. And yesterday I asked to help me out about if you're looking at a house and all of a sudden you walk in and there's air fresheners all over the place and it reeks of air freshener, do you think that's a red flag? Every person that email me said, it's not the greatest thing. And some people were definitive on red flags. and I can't argue the point. Especially when I said to the realtor, don't you smell that? I don't smell anything. Anyway, ladies and gentlemen, today was Fed Day.
Starting point is 00:02:43 Do you know what Fed Day is? That's the Central Bank Movement Day. And I must tell you, I hate even talking about it, but what do we say about this show? Everything that affects you, and unfortunately, these Morlocks affect you. And by the way, if you don't know what a Morlocks, is go look it up I just like using the term Jay Powell lowered interest rates today he lowered
Starting point is 00:03:13 the Fed funds rate and let me read what he said we don't cut mortgage rates but our policies tend to affect mortgage rates lower borrowing rates will raise demand Jay Powell lowered rates today on the short end. So your money market's going to pay you less. They lower the Fed funds rate. Go look it up what it means. It just, you know, they give you the definition.
Starting point is 00:03:49 It's what banks charge each other and all that crap. And yeah, it does move some rates every now and then. But listen to me carefully. Listen to me carefully. Listen to me carefully because you will definitively not get the straight tonight. We're going to give you the straight, ladies and gentlemen. Jay Powell lowered rates today. Your mortgage rates went up today.
Starting point is 00:04:28 Interest rates went up today. As Jay Powell lowered rates today. We did a tutorial for you yesterday on interest rates. We will not do that again today. But what happened today is Jay Powell lowered the Fed funds rate. The Fed funds rate. From four and a quarter down to four, but the 10-year yield went from 4.026 to 4.076.
Starting point is 00:05:04 Huh? How does that happen? well we warned you we said to you for weeks there is a chance maybe even a good chance if J. Powell lowers rates interest rates are going to go higher
Starting point is 00:05:25 huh it's simple unfortunately uh j Powell who I would not let run a lemonade stand and by the way nothing personal. This is purely business. He should not be in his position. If it is deemed that Jay Powell
Starting point is 00:05:54 is no longer doing what they're supposed to do, and guess what they are supposed to do first and foremost, and that is make sure inflation is in check, because inflation is the worst kind of tax on you the consumer. If the markets believe Jay Powell is no longer addressing it, bondholders will sell which will have
Starting point is 00:06:32 interest rates go higher to accommodate for the fact that the man who is supposed to be on the lookout at all times is no longer looking out. And in case you don't know,
Starting point is 00:06:51 And again, we say this with no joy. He does not know what he's doing. He has no clue what's in front of him. Every answer throughout the years was printing more money, which caused all the distortions. By the way, it started with Ben Bernanke in 08. Now, the little interest rate move up today is not a biggie. But if it continues to move up, potentially could be a biggie.
Starting point is 00:07:21 the markets were all over the freaking map today before the Fed I think was up 300 then was up 480 then was only up 20 we're talking the Dow then was back up 350 and then with like one second to go the Dow was up 210 with one second to go and closed up 260 somehow got a 50 point bump at the close it was up 260 strength today in the Dow American Express
Starting point is 00:07:53 Caterpillar with their 21% drop in earnings between the two I'd say it's about 120 some odd Dow points I will tell you this much I will describe it for you both American Express and Caterpillar broke out to yearly highs today very nice looking breakouts today on those two Dow stocks a big help today
Starting point is 00:08:17 now interesting enough with the Dow up two And by the way, I want to repeat again how crazy it is because he makes the move, he says things, and then he does a presser, and markets were moving all over the map, all over the map. And I can tell you this, at 255 today, at 255 today, the Dow hit 45687. Am I right? Yeah, 323, 340. It was actually down 80 points. After early in the day, the Dow was up 510. And then we rallied back up and then did what we did.
Starting point is 00:09:07 But the S&P was down 6 and the NASDAQ down 72 and the NASDAQ 100 down 50. You know what another wild swing was? The Russell 2000, which benefits from lower rates and initially jammed to the upside, the Russell 2000, and then sold off. Why? Because higher rates hurts them small caps. And guess what happened? The higher rates at the end of the day. That's the story. The 10-year yield reversed and reversed pretty damn strong. And that's the story. So interest rates went up as the Fed lowered their rates. warned you about that, but I just want to make sure you know, it's as of this second, it's no
Starting point is 00:09:57 biggie. But it is something to watch, and here's why. If the market believes the Fed is lost control, it's going to swoon. Jay Powell caused massive inflation with the money printing in zero percent rates. He created massive distortions in housing with 3 percent more. And just so you know, those 3% mortgage were because he took out to $9 trillion bucks and bought up the bond market lowering those mortgage rates rigging the whole freaking bond market.
Starting point is 00:10:36 And then lost control because inflation got out of control. And that's when all hell was breaking loose. Only when he stopped printing and then played catch up that things get a little bit better. So my message to all those that say, Jay Powell, including the president, that Jay Powell has to lower rates, be careful what you wish for. Up next, much more.
Starting point is 00:11:06 This is the one only Investor's Edge. Hi, I'm Gary Kalpom, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. 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.
Starting point is 00:11:59 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. number to call is 888-422-559. That's 888-4-22-55-9. That's 888-4-2-2-2-5-5-9. Investment Advisory Services offered through call-bomb capital management. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM.
Starting point is 00:12:39 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.
Starting point is 00:13:12 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.
Starting point is 00:13:38 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. 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 probably. We're probably,
Starting point is 00:14:21 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. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for storewide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor,
Starting point is 00:14:47 ORAIDA, Silk, Capri-Son, 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.
Starting point is 00:15:13 Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better. I am very jealous of President Trump right now. He is at a state dinner at Windsor Castle in the United Kingdom. And in case you do not know, I love England.
Starting point is 00:15:52 I love the whole United Kingdom. I love England. I love the British people. I love London. I love the golf courses all across. I played, I played, let's see, Royal Liverpool, Royal Litham, Royal St. George.
Starting point is 00:16:13 Man, what were the other ones I played? Sunningdale, I played all of them. And I just have a blast. And I can get up early in the morning in England and just walk. 12 straight hours. And that's what I do. I can spend a couple of hours in Harrods in the food emporium.
Starting point is 00:16:36 And in the chocolate, they have this chocolate room, by the way, at Harrods. It's just amazing. It's just amazing. Trying to think the other golf courses I played at in England. Royal St. George. I'll figure it out. Royal Burkdale. There you go.
Starting point is 00:17:00 Anyway, I'm jealous of the president because he's at this big state dinner at Windsor Castle. And Royal Litham, yeah, Royal Litham was another one. Try to think what else. Yeah, that's it. Those are the ones I played. I know there's one more. I'll have to think about it. Anyway, so the president is in the UK today.
Starting point is 00:17:33 Second state dinner for President Trump. Good on him. Hope he does great things there. Get good deals. Anyway, how to bring that up. Back on point. Pay no attention to what anybody says right now. Just watch yields.
Starting point is 00:18:01 Watch the 10. year, five year, 30 year. If they now go higher, as the Fed is going lower, it may be indicative of something not so great. We are not predicting anything. We're just letting you know we've been wondering, why is gold doing what it's doing an inflation marker? And I don't know if that should be ignored. And the good news is, yes, inflation is definitively down. But if inflation is still out there, could be of note. So I repeat, watch yields very closely here.
Starting point is 00:18:59 If they sit, hang, maybe go up a little, maybe go down. Fine. If they go up, we got something to watch. Strong day for the banks and other financials. A weekday for a lot of other areas. I got to tell you, transports were down pretty damn big. I will tell you that the housing stocks were up. strong upon the Fed lowering rates.
Starting point is 00:19:35 And then interest rates went higher, and housing stocks reversed. Not great. China, very strong. Between Baidu and Alibaba, both announced this AI something or other, and went from comatose, and just have gone vertical. have gone vertical and what I mean vertical draw a vertical line kids that's what's going on there
Starting point is 00:20:08 anything else stick out today that I wrote down well you remember when I was telling you that little bit worried about the travel stocks well Marriott and Hilton broke down a little bit more today just let you know that's of note
Starting point is 00:20:28 cruise lines are okay today the airlines are okay but just let you know saw some economically sensitive stocks get squashed why would that happen if the Fed is lowering rates
Starting point is 00:20:42 because rates went up today the real rates remember the Fed funds rates is one man's opinion with 11 other adults that sit at a table or how many voting are there at the Fed? I don't know if it's 8 or 12, but they're all adults.
Starting point is 00:20:59 And again, nothing personal. But none of them know what the hell they're doing. You know how I know that? I've watched them. None of them know what the hell they're doing. And again, I take no joy. What else happened today? Uber.
Starting point is 00:21:16 Anybody know about this Waymo because I really don't? But I guess Waymo announced something that hurts Uber. So Uber broke out yesterday and tucked its head in like a frightened turtle today. and you know what broke out today? Lyft. So I got to look that up tonight. Why Waymo is for Lyft and not Uber. Waymo.
Starting point is 00:21:38 I'm never getting in one. I'm sorry. I'm sorry. I can't do it. There is no way I'm getting a self-driving car. I'm just not getting in a self-driving car. And by the way, I know that they're pretty darn good. I know they're pretty darn good.
Starting point is 00:21:55 I can't argue the point. It's just me. I have a few things I will never do I will never jump out of an airplane with a parachute I'll never do that I don't know how anybody can do that no really I'm never going to do that why because I'll have to wonder at all times
Starting point is 00:22:18 whether it was one of my ex-girlfriends from high school that put the parachute together or somebody owed money in college actually I paid everybody back so I'm never doing that I just don't have it in me. And I know I say that when George Bush, when he was 85 years old, went and jumped from an airplane.
Starting point is 00:22:43 God bless him. I don't have the grapefruits. Anyway. But good day for the Dow. Broad market not as great and just wicked. I have no clue about tomorrow except to say, watch yields. If yields go up, I think we'll. get a little pressure, especially with the markets, had a good move already.
Starting point is 00:23:11 But I'm still seeing some pretty darn good charts. That recent Tesla big breakout, man, that's strong as all heck. J.P. Morgan hit another new high today, so did Goldman Sachs. And you know what we tell you about the financials? All hell is not breaking loose if the financials are in good shape. How do we know this? We've studied every bull and bear market. Hey, up next.
Starting point is 00:23:37 This, that, and the other thing. Oh, the history of Jay Powell. is the one-only investors edge. 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
Starting point is 00:24:21 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
Starting point is 00:24:37 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
Starting point is 00:24:59 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 Quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem.
Starting point is 00:25:24 To learn how IBM is building the future of computing, visit IBM.com slash quantum. 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.
Starting point is 00:26:01 So visit us at cbs.com or just come by our store. We can't wait to meet you. Store hours vary by location. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stock up savings time now through March 31st. Spring in for storewide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORA-Ida, Silk, Capri-San, Bavarian Meets, and Charmin.
Starting point is 00:26:25 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. America is talking. Investors edge.
Starting point is 00:26:50 He's got to be pleased with that. The crowd is just on its 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. So let me finish up why we loathe the central bank. So it is not the central bank that took us the 37 trillion of debt.
Starting point is 00:27:31 And by the way, we're now on a fast track with our debt, just so you know. No longer are we going to go up a trillion a year. I think we're going to go up two to three trillion a year. But I blame them for their lack of oversight and verbiage. Lack of. You would think the head of the central bank at any point in time, arguably the most important financial man on earth, would get up in front of the house and say,
Starting point is 00:28:05 what the hell you all you doing over here? you're running up deficits, you're screwing the taxpayer, and by the way, by the way, it was Milton Friedman that says a dollar of government spending is a tax. So not one central banker went up there and profusely, profusely took our government to task on the debt and deficits. not only that they enabled the debt and deficits with easy money you see president trump wants easy money because he's running two trillion dollar deficits he did not tell the truth to you the taxpayer he said he was going to lower deficits again he didn't tell the truth he said doge was going to do this he did not tell the truth and they're going to be running to and i have news
Starting point is 00:29:07 if the economy really slows, we may run three. That's number one. Number two. Ben Bernanke, who was very much a cause of the 08 disaster that almost brought the house down. Why would he be a cause? Because he was too easy money, number one, number two. For a whole year, he was saying housing prices don't go down.
Starting point is 00:29:32 We're not worried. Another adult. And number three, one of the jobs, of the central bank is to oversee the financial companies and make sure they're doing the right thing. And we find out that these banking companies were doing mortgage-backed securities with massive leverage. It was a guarantee to go bust. It was a guarantee, a matter of time. And of course, he was also part of getting $800.
Starting point is 00:30:09 million of our tax dollars to save the asses of these crooks that were running these places that nobody got indicted nobody went to jail in fact they've all made billion cents that's the central bank and then he started printing money and you can go look at his quote about oh but it's not going to be a lot and it'll be very short term and of course nine trillion dollars later of conjured up money out of thin air. He lied. And of course, our next central banker with Janet Yellen.
Starting point is 00:30:47 Not only would I not let her run a lemonade stand, I wouldn't let her turn on a faucet. I can't believe some of the crap that's come out of her mouth. And she was running the central bank and she was a treasury secretary. She told us inflation was transitory.
Starting point is 00:31:08 And she also called for global. taxes. Another Marxist. But she sure was taking quarter million dollars for each speech to talk to Goldman Sachs or somebody else. So they lied about printing of money. And of course, fast forward to the inflation. And fast forward with 37 trillion of debt and 1.2 trillion went to interest this year. And not a single soul in DC. gives a frig. Why? Because they know
Starting point is 00:31:50 when it all blows up, they'll either be retired or dead. What do they care? And then both parties, just like they are doing right now, blaming each other. And who are the victims? You and I.
Starting point is 00:32:09 How's the affordability for houses right now? Do you know why they're unaffordable? Jay Powell? What? because you got a housing bubble because of zero percent interest rates in printing to $9 trillion. But guess what's happening now?
Starting point is 00:32:35 Fantasy land is going by-bye. Inventories picked up. Houses in Vegas are crumbling in price. Miami, dropping like a rock. I will tell you I saw a few here. in Orlando. I saw one that just went up for sale six weeks ago for 1.75. They dropped the 200,000 today. Do you know why? Fantasyland. You know how we got the fantasy land? Jay Powell. How bad is it going to get? I don't know. I do not see it being an 08 type scenario.
Starting point is 00:33:17 By the way, we predicted that back then, if you do recall. I don't see that scenario. but fantasy land as i have said to you i see homes that are being offered right now at three million that three years ago at one point five and they i got news for you some of them have got lucky and got it but i can tell you here in central florida whoever bought in the last six months oh they're going to pay the piper more than likely that's all from j powell so i always ask what the hell do we need these people for what have they done to benefit us what are they doing for the country how is it helping you and i can't come up with a single solitary answer to that question i'm waiting for somebody to give me an answer fire them get rid of them shut them down and just let
Starting point is 00:34:29 the free markets work you know what happened today the free market at least today gave Jay Powell the middle finger. Oh, you're lowering rates? Well, rates are going up. I am rooting for rates to go down. I'm not rooting against them. I just loathe them. They're about as overrated as the New York Giants football. Well, he's not even overrated. He's that bad. I can't believe they kept the New York Giants coach for this year. though I really appreciate the game they just played against Dallas, though they lost. And that's a little bit of a history of the Central Bank going to 2008.
Starting point is 00:35:25 I never thought I'd say, boy, I wish, I wish, I wish for Allen Greenspan. by the way, Cracker Barrel missed numbers and is down 10% in the aftermarket. Actually, more than 10%. Ooh, they miss numbers pretty good. I may get a hold of the CEO. They have so many good things they can use as far as marketing, and they just don't. You know what they were going to do, and they backed off. But I don't see any of the good marketing.
Starting point is 00:36:08 They got this front of the restaurant with rocking chairs. Wow, family surrounding grandma, grandpa. That would be great. They got these great stores with old candy that we used to love and great smells. And you got this down-home comfort food that they serve. I see no marketing of that. Do you? Maybe I'm missing something.
Starting point is 00:36:38 I see no marketing. I don't know what they're thinking over there. Anyway, the stock closed at 4960. Ooh, it's 4477 in the aftermarket. That ain't no hill for a climber. Downside guidance also. Ooh. Guides to FY26 comparable store traffic decline of 7%.
Starting point is 00:37:06 Ew. Hey, up next. Whatever I can think of. Whatever. This is the one only investor's edge. Hello, I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna. And I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to that, pick areas you can scale.
Starting point is 00:38:05 Don't pick the shiny little toys on the side. For example. If anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind. If anybody is not using AI to make their developers who write software 30% more productive today, with the goal of being 70% more productive. Yeah. So we are not asking our clients to be the first experiment on it. We say, you can leverage what we did.
Starting point is 00:38:41 We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology, is getting people to accept that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks. At CVS, it matters that we're not just in your community, but that we're part of it.
Starting point is 00:39:09 It matters that we're here for you when you need us, day or night. And we want everyone to feel well. Welcomeed 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.
Starting point is 00:39:36 Store hours vary by location. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31st. in for storewide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORA-Ida, Silk, Capri-San, 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.
Starting point is 00:40:12 You're listening to... What are we waiting for? What are you waiting for? One, two, ready, go. Investors Edge with Gary Culper. And welcome once again to Investor's Edge. Haven't I made you feel better about the powerful people in this country? I say it all the time. I take no joy. And I take no joy on hitting this president on what he's been doing with the debt and deficits.
Starting point is 00:41:17 Just another person that don't care. does not care. Screw it. I'm gone in three years. Screw it. I'm going to spend like crazy. Let the rest worry about it. Bitcoin remains range bound.
Starting point is 00:41:39 We continue to tell you to be careful of this micro strategy. We get asked about it all the time. What's wrong? Why isn't keeping up? My answer is I don't know. But I'm not going to say the word, but I'm going to quote others. There are many out there that say this micro strategy is just a scheme.
Starting point is 00:41:59 A scheme where they're brewing to just keep buying more and more Bitcoin. And now it's underperforming the price of Bitcoin. We'll see. All I can tell you it's in a bearish phase. What you do with it? Don't know what to tell you. Next, getting a lot of emails on alcohol. No, not about drinking of alcohol, but.
Starting point is 00:42:25 what's going on with alcohol and alcohol stocks. Well, all I can tell you again is that I don't know whether it's the culture, the kids, whatever, just less and less alcohol is being consumed, and some of the worst stocks in the market are the alcohol stocks. And it's very much imperative that you recognize this and understand it because I'm getting asked about, oh, do you think they're of value? And I can tell you flat out in the markets, a lot of things depend on the trend of how it's going. And just so you know, I've walked in to some liquor stores and I've asked them and just about everyone telling me, sales are down. And I ask them, what is down the most? And you know what they're all telling me?
Starting point is 00:43:25 Hard liquor. That's what I'm getting. Beer, still okay. Nothing bad? Weak, but okay. Wine? Weaker, but okay. Hard liquor?
Starting point is 00:43:42 Uh-uh. Not doing very well. So just let you know. Just like, you know what I'm constantly asking about. The sports drinks. some of these drinks that came out, you hear of this prime, I believe Logan Paul, who's now professional wrestler, selling very well. By the way, it tastes pretty good too. I'm always on the lookout because you know what the strongest stock of the last 15, 20 years is? Monster.
Starting point is 00:44:23 No, not kidding. Do you know that monster beverage? You ready for this? It's at $66.52. Right now. I gather it did a bunch of splits. It traded between a penny and five cents, between 98 and 2003. The $66. By the way, with all the splits and stuff from 2003, it went from $6 to $4.21 to 0.06.
Starting point is 00:45:06 Boy, that would have been nice. So I'm constantly asking on that because of what Monster Beverage did. And I must tell you, I think I've only owned the stock maybe once. So I want to make sure going forward, that doesn't happen again. Because who knows what's going to go public next? And I want to be on it. So just so you know, try to do it like I do. I still remember when my sons were telling me about Pokemon.
Starting point is 00:45:56 And I ignored four kids' entertainment skyrocketed. Skyrocketed. So I'm definitively doing things quite differently than in the past. Mui Importante. You can see things. You can feel things. They're right in front of you. And when I give you the Kmart, remember in real time, we were giving you the downfall of Kmart.
Starting point is 00:46:41 We were given you the downfall of Kmart in real time, telling you what our experiences were. And Kmart turned to dust. We're doing the same thing with restaurants looking for the next big thing. Remember Kava. but I came on the show and said, you know, I went to it. It was pretty good. But it feels like just Chipotle
Starting point is 00:47:12 with different type of food, and I don't know if it's going to go mainstream. Kavistak has been destroyed. By the way, the food's very good, I must say. So these are the things that you can do and stay on top of.
Starting point is 00:47:35 Sometimes it's the touchy-feely that can work out very well. I still again, that four kids entertainment, I was like, I ain't buying this Pokemon crap. It's just a fad. Well, it was. I think it went up tenfold before it topped. Oh, well.
Starting point is 00:47:57 All right, that all said. What's tomorrow? Thursday. I'm traveling tomorrow, back up north tomorrow night. But I'll be here. You'll have a great evening drive carefully. And when you get home, do like we do. 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. Really appreciate you listening. Don't forget
Starting point is 00:48:16 GaryKee.com. Good night, all. Bye-bye. 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. Hey, it's Ryan Seacrest 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-Sung, 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.
Starting point is 00:49:01 Restrictions apply. See website for full terms and conditions. I earned my degree online at Arizona State University. I chose to get my degree at ASU because I knew that I'd get a quality education. They were recognized for excellence and that I would be prepared for the workforce upon graduating. To be associated with ASU, both as a student and alum, it makes me extremely proud. And having experienced the program, I know now that I'm set up for success. Learn more at ASUonline.asu.edu. Thank you.

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