Investor's Edge with Gary Kaltbaum - Powellitis [09.18.2024]

Episode Date: September 18, 2024

https://garykaltbaum.com/

During the pro-dies of in Lowe's, ahrer more in what impulsed your projects. Obtend gratis a battery a walt of 20-volt-

of 20-volt-malt and 5-ampereos per hour at a new world-selected of 20-volt-malt also 35% in thectodomestical

selectors, Whirlpool, Maytag, and more. Aproveh, and commenced the project with the

project with the right. Our best selection is here in LOS. VALI to 3-27 selection vary

for place to go to Existence, yes. 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 Colbaum, your host.

A thanks for being with us today. Glad you here, ladies and gentlemen. Happy that you are listening. It is Wednesday, September 18th, 2004. Hope you're having a good day. In case you don't know, this is serious talk, but a little bit of comedy, injected every now and then, but we really don't have too much comedy right now because there's so much crap going on around the world. But serious talk on everything that matters to you.

We will talk about your job, your industry, the economy, the markets, taxes, deficits, debts, spending, scams, shams, corruption, you name it. We cover it, including thine election. I had one person email me, why are you covering the election? and I'm supposed to answer that question. Why am I covering the election? Anyway, thanks for being with us today. We try to, hmm, we're very careful with our words.

We always listen back to the show. Do you know why? We always want to be able to convey what we want to convey. and in real time we do not script the show. I have no notes. I think maybe once every couple of months, I'll write down a few little bullet points about a show. But we have no notes. Later we'll do some news that I have where I, when I, in the morning, I go on X or Twitter and I follow certain things and it gets pushed to me. That's why I love Twitter so much, or X. And then I'll say, I'll email it to myself because I want to talk about it on the radio. But when we're talking about this whole freaking central bank thing, we know that you can basically fall asleep. We know that in the real world of your life, one would ask, who gives a crap?

we know that but we also know they unfortunately matter and as i have said to you this man who has been wrong a hundred percent of the time is the most important financial man in the world why because he had the ability and I must tell you, I never ever thought there was any chance that anyone in this world would have the ability to sit at a freaking computer and press buttons and actually print out of thin air to $9 trillion. Not billion, not $10 billion, not $100,000. He printed to $9 trillion and bought up the whole freaking bond market. He interfered, manipulated, and rigged. The biggest market in the world, the U.S. bond market,

in order to get rates down to the bare bone because of COVID. And what did that do? It created all kinds of bubbles. We warned you about the bubbles. Easy money, the most ridiculous easy money on earth, forever and ever and ever. They started printing money with Bernanke, and Bernanke lied to everybody said, oh, we're going to do this for a little bit of time, and we're not going to do it anymore. He lied.

And the reason why they lie is because printing money actually makes them look good. It forces markets up. It gets juices flowing. And what happened with Powell is we got NFTs. Go look it up. I saw the first NFT that was bought, or one of the ones was bought for $2.5 million. They tried to sell it for $50 and didn't get any. What did it do?

Rolex watches skyrocketed. They're now down 40% in the last couple of years. Housing prices skyrocketed. Why? Because he rigged rates down to zero. You got 3% mortgages. It's like free money because you get to write off your interest on your mortgage. And what it ended up doing under the housing market?

Who the hell wants to sell a 3% mortgage to buy a 7% mortgage? So forced housing prices up. You had SPACs. You had the meme stocks. All kinds of crazy crap. But we warned you that he would cause inflation. And it was pretty simple. Go look up inflation.

Too much money chasing too few goods. Well, he had too much money chasing nothing. and we warned you about it. And we told people on radio, we told people on TV that he was going to cause massive inflation. And we got the inflation. And what ended up happening, everybody else got the blame. And do you know why everybody else got the blame? Because he's not elected.

You know, politics, you blame the other side, whether it's the other side or not. well we're telling you it was j powell and then what happened Biden kerosene on the fire which caused bigger inflation i'm going to do 1.8 trillion of spending into nothing we'll call it the inflation reduction act and because he's a moron Biden out of nowhere how stupid he is he admits it on tv yeah there was really no inflation reduction in there and of course the media didn't kick him in the you know what's for lying because it's

It's their side. So we got this big inflation. And what happened with Powell? It's transitory. No big deal. So inflation goes to 4%. No worries. 6%.

No worries. 9%. Holy crap. And he ended up getting, he was dragged. He was kicking and screaming. And what does he do? While he's sitting there, while he's sitting there at 0%

and the real free markets of yields were going up, he finally raises rates, a quarter point. And it worsens, he finally panicked. And he took rates up and up and up and up and up and up and up and up and up and up. And he got the five and a quarter, five and a half. And the markets have been better and the economy's been sound. We'll call it sound, though there's lots of warts out there in the world. debt comes to mind, the word deficits come to mind, and August comes to mind, because the

Morlocks in D.C. Biden and his peeps in the month of August, we gave them $307 billion. They spent $68 billion. Now, why would they run a record monthly deficit in August of 2024? Because they hate you. They hate you. Okay, maybe a big word. They laugh at you. They laugh at You're a mark. I'm a mark. They did it because we're going into an election, and the more they spend, the better GDP shows up. They ran a $381 billion deficit in August of 24,

September, October, only two months left before the election. They're laughing at us. They're laughing. And it also helps the market. too. Massive spending. The problem is it's all debt. Taking another credit card out with a bigger credit limit to pay for the last one. You think they give a crap about you? You think they give a crap about me? Hell no. They're laughing at us. So what happens in the last six months, the job market slows down, but nothing untoward. It slows down. Normal. That's okay.

Okay. Slows down. Okay. No big deal. Everything will be just fine. But the 10-year yield drops the 3.6 and change while Powell's at 5 and a quarter. He's behind again. But there's a big difference. When you're behind an inflation's picking up, you've got to catch up by raising rates which hurts things. Now he's got to catch up by lowering rates, which maybe, maybe, maybe. helps things the problem is we keep working our arses off producing creating earning and every time we create a dollar

they're spending a dollar 30 last month it was like a dollar 60 so Powell did his thing today and he lowered rates played catch up we predicted for you a half point while everybody's out there well not

everybody, a lot of people are out there talking about a quarter point. Now, why did we tell you'd be a half point? By the way, it's overrated what he did. Why? Because the 10-year yields is down at 3.68, he's down to 4 and 3 quarters. He's still behind. But he'll affect some loans and this and that. He'll affect your money market rates. You're not going to get 5 and a quarter anymore. You'll get 4 and 3 quarters, maybe a little less, maybe a little more. Up next, So what's the problem? 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. 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 8-5-5-9. That's 8-5-9. That's 888 4-2-4-9. Investment Advisory Services offered through Colbaum Capital Management. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist,

Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you

should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts.

When energy dips, your reviving routine deserves more than a quick fix. Reach for vital proteins, collagen and protein shake and chocolate. With 30 grams of protein and 10 grams of collagen peptides, it helps support healthy, healthy, hair, skin, nails, and joints in a smooth, ready-to-drink. So your afternoon reset actually sets you up for success. Vital Proteins. Stay vital. Visit VitalProtines.com to get started. These statements have not been evaluated by the Food and Drug Administration.

These products are not intended to diagnose, treat, cure, or prevent any disease. 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 make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, On-Dec delivers funding you can count on. Apply in minutes at OnDec.com. Depending on certain loan attributes, your business loan may be issued by On-Dec or Celtic Bank.

On-Dec does not lend in North Dakota all loans and amounts 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.

So, here's my biggest issue. It's not even Jay Powell. It's my industry. It's weird at times. It's weird. So first off, we said to you it was going to be a half point. Many said a quarter. There are some people that said a half.

Why did we think it was a half point? Well, last Wednesday, the market was getting in trouble and reversed 800 points on Wednesday and since pretty much anything that benefits from lower rates economic-wise start getting going. So let me tell you what happened. Are you listening? They leaked it.

They leaked the half point. Now, wait, Gary, but the meeting started yesterday and they came out with the answer today. I got news for you. It's a bunch of people that vote. and they leaked it. That's all. How did I know they leaked it? Because there were certain areas of the markets and the media that just, when they say something about what the Fed's going to do, you know they heard it. And unfortunately, last Wednesday, there were people that acted on that

leak. There's no doubt, my mind, Gary, come on, that doesn't happen. There's no corruption in D.C. No. I don't know if you know this, but two Fed heads have. had to resign a few years back for insider trading. They weren't indicted. They didn't go to jail. We would have. But they're gone. I don't know if you know this. There's another Fedhead right now. That's under whatever. The guy from Georgia. Guess what he did. Trade it when he's not supposed to. nothing's going to happen to him oh powell had some issues also on insider trading years ago the Washington politicians are the greatest legal insider traders of all time they would go to jail never we would go to jail for everything they do

we're finding out day in and day out where somebody in the health and whatever committees finding out about some company which may be coming out with some sort of drug, and they're buying the stock. And do you know on Twitter, on X, they make fun of Nancy Pelosi all the time about how she trades right before big news comes out on a company. She's only worth a couple of hundred mill. No, leaks don't happen. Corruption doesn't happen. It happened. That's how I knew it was a half point, but I digress. So the markets, what I'm about to tell you has nothing to do what happens tomorrow because I have absolutely no clue what happens tomorrow. But I do know today upon the half point cut, the Dow is up 300 and something. I think that the, let me give you

the exact number if you don't mind. The Dow hit 41, 981. That's 478 points. The Dow is up 375 points in and around the 2 o'clock hour. It finished down 103. Not the end of the world, but they sold into it. The NASDAQ, which for me is more important, hit today 17-832, closed at 17-573. 17-let me make sure I got this right. 17-832, my bad.

So let's call it 260 higher. The NASDAQ was up 205 points. Finish down 55. So they distributed it. Now, there's this little rule of thumb with the Fed. If the day of the Fed announcement, the market's down, tomorrow will be up. The market's up. And tomorrow will be down.

I don't have a freaking clue about that. It does not matter to me. My guess they'll probably bounce it tomorrow. don't know. Your guess is as good as mine. But that's kind of sort of how it works because it's an insane asylum. We're just letting you know it was sell the news today. And we had said to you on this show, maybe we got to sell the news.

We didn't predict it. We're not patting on the back. We didn't predict it. But what was the other line we told you? This is the most anticipated, predicted rate cut ever because they basically told us. because they basically told us. It was a matter of just a quarter or a half point, but guess what? They leaked it.

People front-run it. They should go to jail. They won't. It's just like 08. All these big machas committed massive fraud. In plain sight, not one got indicted. They all got promoted. They ended up making billions.

Well, there are $800 billion that they gave to these scumbags in the banks at the time. So technically you got a reversal today at the close. They'll bounce it tomorrow. To what extent I don't know. And we'll go from there. How's that? We'll go from there. I don't want to go too much further because the action today was insane.

And I mean insane. Let's see what I can get to you here. Let's do the, I don't usually do this, but I'm going to. We first went from 41539 to 41981. So we rallied up 450 points. We then dropped 390 points. This is all in two hours. We then rallied up 270 points.

Then we dropped 280 points. Then we rallied 213 points. then we dropped 270 points, then we rallied 240 points, then we dropped 320 points, and then we rallied up 100 points, and then we rallied up 100 points, and then dropped a little bit to the close to where the Dow is down 103 points, which means tomorrow will gap up and see if it holds. That's just a guess about gaping up tomorrow. don't take that for heart and it really doesn't matter because you can't trade it anyhow right now I have yet to scan because on a daylight

today there's no way I'm scanning till after the close just what we'll see today is we had reversals which means you're up nicely you finish down and there's reversals to the upside last Wednesday the Dow was down 700 finished up

and we'll see how the rest of the week goes how big is it that he lowered these rates, I don't think it's not going to change your job. It's not going to do anything on the economy. Not a lick. Nothing personal. I've never met the man.

He's the most overrated government official on earth, even more than Biden. And we know how Biden is, how bad he is, so we can't really overrate him. So that was today. And I don't know what it means going forward. What we're going to do on a daily basis, We're going to let you know what's working, what's not working, what's leading, what's lagging.

I can tell you by the close today, yeah, that's some music. We'll let you know it's on the leadership front here leading into tomorrow. I'm Gary. This is the one only investors edge. Hi, I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat and it just becomes like a lifestyle where, oh yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy.

And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. When energy dips, your reviving routine deserves more than a quick fix.

Reach for Vital Proteins, Collagen and Protein Shake and Chocolate. With 30 grams of protein and 10 grams of collagen peptides, it helps support healthy hair, skin, nails, and joints in a smooth, ready-to-drink shake. So your afternoon reset actually sets you up for success. Vital Proteins. Stay Vital. Visit VitalProtines.com to get started. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.

Cash flow crunch. OnDec'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. OnDak does not lend in North Dakota. All loans and 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.

So I'll tell you what I'm going to be watching. And I'm going to be the only person watching it. The 10-year yield. What have we been telling you? Just watch the 10-year yield. yield. How is it possible? I'm worried about the 10-year yield now if J. Powell's lowering rates. Well, by him lowering rates, that tells us he doesn't care as much about inflation. And if there's any inflation out there is simmering inflation, yields will go up in the real market.

Remember, he's not the real market. He's not the free market. Remember what we say about free markets? The free markets are the investing, trading, and speculating by investors, traders, and speculators, and the big money crowd based on what they are seeing, every bit of information that they have. We call it the smart money. We call Jay Powell the dumb money. Why? Because he's always behind, never sees it coming. And the amazing part about it is, just so you know, they keep talking about their data dependent. Do you know what? they're now data dependent because they used to predict and they were never right so now it's data dependent but by the time they get their data in it's usually is changed already the market is the best

that telegraphs things j powell's the worst i've never seen anything like it i think they probably have a thousand analysts going out and getting the lay of the land and they can't even hold the candle to little old me and my my little small sampling when I come in here and tell you about what's going on. Remember, it was months ago when I was telling you about price conscious. And then all of a sudden we're hearing McDonald's going to five bucks and steak and shake four bucks and problems at Lulu Lemon and problems at Starbucks. And I'm telling you about Starbucks that I'm not going there anymore because I had a

$300 bill. And I'm considered higher end. and I'm not going there anymore. The little sampling. We think these central bankers, they have their butlers buying their food and their drivers at their Bentley filling up the gas tank.

So they don't know what the hell's going on out there. I digress. And again, nothing personal, but he should not have the job. And he, hey, Ben Bernanke's been, Ben Bernanke may have won the, did he win the Nobel for me? economics. He's a buffoon. All he did was take out a gargantuan credit line on our arses and save the

day on his fault on letting the whole mortgage market blow up. That was him. There's supposed to oversee what was going on at Countrywide Financial back then when Countrywide Financial was given out mortgage loans to mannequins. I digress. Markets. I just be BS and you on how we, anything except we had one of those days that got distributed. But it's only one day when all said and done, the week is what really matters. And we'll see what comes. I will tell you where strength continues to be. Even with this reversal at the end of the day. Well, where's the weakness? The semis. The semis. are just weak versus other areas. It's been consumer staples, it's been utilities, it's been real estate investment trusts, but I will tell you those areas are a little stretched and extended.

It would be normal for them to pull back. There's been some better action. Black Rock in the financials back in New York and financials, but not Bank America, City Group, Wells Fargo, Morgan, Stanley. In between is J.P. Morgan and Goldman Sachs that got trashed last weeks on news that came out of them, they're bouncing a little bit. You have some leadership and some names. A CAVA, the restaurant group, acts very, very well. Facebook, if it can break above 545 would be a five-month breakout. Spotify needs to get above 350. So there are setups out there, and there are good names and good action. What I'm interested today, and I want to, I'm going to try and get a feel tonight, there's been a bunch of these economically sensitive names in building slash construction slash cement

and they were really up strong today and most reversed into the red so I'm going to have to read that bad boy tonight knowing hey let's see what happens tomorrow I just want you to remember a few things and the first statement I'm going to make to you is the most important statement I can make to you. I have never been more optimistic on you and I. I have never been more pessimistic on them. To think, to think that they would have the nerve, the grapefruits in Washington, D.C. last month,

we sent them $307 billion, and they spent $68 billion. You think the media is even asking them? They are so lucky I'm not there asking. They're crooks. The only reason that happened is because we're heading to the election and they know if they open up the spigots, it gives them a better chance to win. They're crooks. And by the way, I'd say it to their face.

I got no respect for Joe Biden, Kamala Harris. Zero respect. Running $2 trillion deficits? Zero respect. inflation reduction act and then come out and say there was no inflation reduction in there zero respect my worry is them they've got to be stopped by the way via elections unfortunately the alternative i'll stop right there they're so lucky to have us they're so lucky to have us they're dead meat without us

and they still disrespect us. She wants to raise taxes on the economy, five trillion bucks, extract five trillion bucks out of the economy to do their bidding so they can buy votes. Look what they did with the student loans. That's sickening. People sign contracts to pay off loans

and they're being forgiven on a whim to win votes. That's all it is. It's sick. And now you got Trump wants to hand out money to anything that moves. He's doing the same. Tips will do this.

Social Security will do that. This will do this. That will do that. He's not going to do it. He's trying to get the votes. He's not going to do it. But I digress again. So we're going to be a little agnostic here

to tomorrow. And believe it or not, for me tomorrow matters. I'll get a feel tonight, but the one thing I do know, semis are weak, oils are weak, commodities are weak. And we have this group of leaders that we like,

and we'll see if they can come out of range. And if they don't, they don't, they do, they do. Gold pulled back today. Why would that happen? Have no clue. Opened hot, finish down. That even reversed down. I don't know.

but it's going to be some interesting scanning tonight, and we'll see what shows up. Do not want to see follow-through. And of course, we'll let you know if there is follow-through. Apple, all we've heard is bad news on Apple. It was up almost five bucks today because it's Apple. The story there, they ain't selling iPhone 16s like all the analysts said,

less than the 15s. And Apple, what amazes me, It's trading over 30 times earnings. Throughout years, traded 15 times earnings, and their growth rate now is much less than it was years ago. That's to be watched. Up next, news of the day. Besides that, I'm Gary. This is the one early investors edge.

I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat and it just becomes like a lifestyle where, oh yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy and all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication.

And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. When energy dips, your reviving routine deserves more than a quick fix. Reach for Vital Proteins, Collagen and Protein Shake and Chocolate. With 30 grams of protein and 10 grams of collagen peptides, it helps support healthy hair, skin, nails, and joints in a smooth, ready-to-drink shake. So your afternoon reset actually sets you up for success.

Vital Proteins. Stay Vital. Visit VitalProtines.com to get started. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease. Cash flow crunch. OnDEC'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 on deck.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. On deck does not lend in North Dakota, all loans an amount 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 Culper. All right. Let's do some news. Tupperware. Filed for bankruptcy. In case you don't know, Tupperweer's headquarters here in Orlando, Florida. They have done some magnificent work with the Boys and Girls Clubs of Central Florida. A gentleman by the name of Rick Goings used to be CEO left up many years ago.

And they're just falling on hard times. I really don't know the whole story behind it except I do know numbers. And their sales last four quarters down 21, down 16, down 19. down 14 and they're losing a lot of money every quarter. Are they going to stay a going concern? I mean, I think they're going to keep somebody's going to sell the Tupperware. Sales the last four quarters were about $1.2 billion. So I guess I gather it'll be some sort of restructuring. The stock will be worth zero. Well, the stock is down to $50. I think it closed at $50. Did he even trade a day? I don't even know if the stock even traded it.

today. And it's a shame. What a great community-oriented company. I've met some of the greatest people in Orlando that worked, worked, because I haven't been in touch with them in a while at Tupperware, and I wish the company well, and I hope they get some sound footing. Next. Interesting. article progressives hope Harris's border shift is temporary so all the progressive politicians are pissed off at Harris because all of a sudden her proposals are tough on the border therein lies us worrying one of them stated we're not worried it's just an election interesting huh and i do want you to know there's this whole story that Trump prevented a bill from going through. You know, they said that the border was secure for three years.

Then all of a sudden there's a bill. That wasn't a border bill. It would have done nothing. Anyway, just letting you know, I trust her as far as I can throw her. And by the way, she ain't alone on that list. Not by a long shot. in the news if I can find my other news things

that I sent to myself I actually can't find them that's pretty funny oh here's one in the news when you have a chance I am posting at my website

on my Twitter feed just Jeff Bezos sent out a letter to shareholders many moons ago when the stock was down 80% during the big bear market. I think it was zero to 0.03. And what he did was he sent out this letter that said, let me explain where we were and where we are. Just try and explain, don't worry about the frickin markets. We'll get through it. And of course he was right. I will be posting that. We love, just so you know, one of my hobbies is studying greatness,

studying the greats. It's a great hobby. You should think about it. Success stories. And by the way, doesn't have to be rich people. In the news, Rolex.

Rolex. One of the bubbles was expensive watches. Just letting you know Rolex prices used down about 35% since 22 now. They went crazy to the upside for a few years and down 35%.

There'll be more. All bubbles crack to a certain extent and then find their levels. You just got to be careful. I know people that bought Rolexes and very expensive watches because it was the hot thing to do. And they're being crushed. But obviously, if somebody's buying a Rolex, they probably have the wherewithal and don't worry about it. but we just want to let you know what's happening in the world of bubble land. So I got this little chart, and I'm going to post that also.

Interesting, huh? I also saw an article Fed rate cuts. What will it mean to your money? And I think that's important. On the negative end, your savings are going to go down a little bit. Half point. Not the end of the world. Remember, though, what Powell did.

He screwed you as Mr. and Mrs. Aunt Mary and Uncle Bob when he took rates down to zero and he made millionaires into billionaires. Auto loans will come down some, maybe some credit card things, but the world's not going to change. Maybe here and there the markets change a little bit, I don't know. We'll see. As I said, you had this icky reversal today. but I'm not buying into just today's reversal. Again, we'll probably be up tomorrow. I was actually hoping the Dow would finish flat today,

just to shrug off any move by the Fed, because it's very tiresome at this point in time. Again, tomorrow will be another day. And in the news, Israel. In case you don't know yesterday, they blew up a bunch of pagers. And today it was other things, solar things and I guess phones and stuff. This comes down to the one of the most amazing intelligence moves by any country ever.

Stunning. And of course, the anti-Semites and the Jew haters are mad at Israel, but don't mention that Hezbollah has been raining rockets on Israel forever. I told you when I was there years ago. Years ago, my first trip to Israel, Hezbollah, rockets over Tel Aviv. One over my head. I walked out of the Carmel Market in Tel Aviv, a great market. At two in the afternoon, I hear a big boom, run out to the parking lot, and over my head, the Iron Dome takes out a rocket.

Imagine if that's how, and by the way, Israel never attacked back. They just defend in themselves. Well, Israel's had enough. and you know what let's hope they continue to put the hammer down and get these terrorists on their knees then they'll be peace tomorrow be on with Varney and company

I believe 9 a.m. hour that'll be Fox Business Network, check it out you have a great evening drive carefully and when you get home to like we do it's quite simple make sure you hug your family make sure you hug your children they will feel better you will feel better I promise peace out Serenity now Have a great night.

Bye-bye. This has been Investors' Edge with Gary Cult Bomb on Biz Talk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, start. Starting fresh or pursuing a lifelong passion.

Our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.apus.edu. 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.

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.