Investor's Edge with Gary Kaltbaum - Pre election week in review [11.01.2024]
Episode Date: November 1, 2024https://garykaltbaum.com/...
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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 Colbom, your host.
A thanks for being with us today.
Glad you here, ladies and gentlemen, happy that you are listening.
It is, we're in November.
And let's see, we take back the clock Sunday.
Is that right?
rolling back yeah i think yeah okay right yeah sure right okay okay hey
this is the pre-election show well actually monday is four days to go uh the last weekend
before the election we're gonna cover it right at the outset because it really matters big
time but first if you do not get this radio show in your city we'll post it at gary k.com
we'll also post it on a twitter feed which is now x and if you don't follow us on next you should
And if you like to email us, just be nice.
And again, serious talk on everything that affects you.
And we used to really just do markets, but then the interlopers and the Morlock started deficit spending like crazy and rules and regulations and fees and fines and mandates and control and all that crap.
So they get included in everything we do because they don't stop and it worsens and it worsens and it worsens as we head into another election.
And let me be clear and concise.
you all should be so pissed off at all of them.
They signed the Fiscal Responsibility Act last year.
And Biden and the Republicans signed off on it also the Fiscal Responsibility Act.
We're getting our House in order.
4.4 trillion more debt in 16, 17 months.
And now this administration is running 300 to 400 billion.
million a month, a month into the election. You know what that's for, right? So it's just bad news.
Con artistry at its finest, gargantuan con artistry as we head into the election.
Now, I got a few things I want to cover on the election front. As you know, close to my heart is
we the people. I'm a big believer that they've just taken over just too much.
I still remember in 2008 when the financial mucky mucks committed massive amounts of fraud,
and the wonderful people in D.C. came up with an $800 billion lifeline, our taxpayer dollars.
I remember Neil Cavuto saying to me on TV, something to the effect of, Gary, they are now normalizing the word trillion.
and little did we know they would normalize it up to 36 trillion where we stand right now and it's
just skyrocketing ladies and gentlemen you know how we talk about vertical moves in the market
our debt is going vertical because of these people on purpose by the way so we're heading
into the election the other part of the equation that we talk about here is just the bull crap
oh i'm not talking about harris or trump i'm talking about the media i've never seen so much
bull crap in my life, so much bias in my life. And Trump's not the first. They did it to Reagan.
They did it to both bushes. They did it to Dole. They did it to Romney. They did it to Palin.
They did it to McCain. I don't know if you know it, but McCain when he was running,
he had mental problems because he was tortured. That's what they intimated at the time.
That's what they did to him. And then once McCain voted a different way,
All of a sudden, he's a hero, picking and choosing.
So as we're running towards the election,
the media is just lying out their arse in such big ways.
And unfortunately, Trump gives them ammo, gives him a lot of ammo,
because he's a loose cannon, has no filter.
And as you know, I'm in nobody's camp.
I'm anybody but Trump when it came to that side.
But, hey, he won.
hey he won
so it's a binary choice
so let me give you the latest
let you know how bad it is
as we go into the election
and why they hate Elon Musk so much
so Trump in his stupid way
says about Liz Cheney
you know who she is
that basically it was
how would she feel
if she had guns
aimed at her
a firing
squad like.
And he was talking about war mongers, how people love war, and Cheney took us to war her father
and all that, and she was all for it and all that, blah, blah, blah.
That's what he said.
NBC this morning, I wake up.
This is how it's reported on the Today Show.
Trump called for the execution of Liz Cheney.
Now, I didn't need to watch anybody else.
I knew what everybody would do, and I got to.
all the videos, they're all saying Trump called for the execution of Liz Cheney.
Which, of course, he did not.
He's basically just saying that, how would she like it?
Send it all these, basically saying all these soldiers going into harm's way with guns aiming.
So this is that part.
And then there's the Elon Musk part.
You know why they hate his gut so much?
because in the last election, social media went after Trump
and kissed the butt of Joe Biden.
Blacked out bad news on Joe Biden, ripped Trump,
so all of a sudden you got Elon Musk that backs Trump.
Now he's the Antichrist.
And that's what's been happening.
Elon Musk single-handedly, what he's doing with space amazing,
they should love him for his electric vehicle thing,
according to the climate stuff, but no, he's the antichrist now.
By the way, I love Elon Musk in that he may be the guy to cut government.
He says he can knock two trillion out.
I have messaged him and told him how he would work with him.
I can show him how to do it.
There's nobody smarter on the budget than me.
Nobody knows how much they are screwing you, but me.
because I live and breathe what they've been doing.
You know that every single day.
So that's today.
Trump throws out this stupidity that he shouldn't talk that way,
and they say he wants her executed.
And let me just tell you, they'll look straight in the camera and say that.
Oh, Trump wants to...
That's a sneeze.
Trump wants her executed.
Trump wants her executed all day long.
It's almost comedy.
Now, we still have Trump winning.
I don't think the needle is moved.
I think he wins the swing states.
I'm pretty sure he's got Pennsylvania.
Of course, I can be wrong because it will be on the narrow side.
But I'll tell you the two things I'm counting on.
And by the way, I hate them both.
I can't take it.
But we can't have the trajectory of this woman and Biden,
what they've done over the last four years.
We can't.
We can't have the trajectory of Marxism and communism.
control freakism. We can't. Debt deficits, open borders. And the nervous are saying, oh, I'm not for any of that while she did it for three and a half, four years. So I think number one, she's got a record. But she keeps saying with the people of change, but you've been there for three and a half, four years. That's number one. And number two, people are paying a crap load more.
for a lot of things.
And the people that get the blame whether they think it's,
it doesn't matter whose fault it is,
it's under their watch.
That's what I think's going to happen.
Again, we can be wrong.
And who knows what's going to happen over the weekend,
but that's where it goes.
And what we are hoping for,
if Trump wins,
if we hope he's bullcraphing everyone.
100% tariffs, he ain't never doing that.
20% tariffs across the board.
he's not doing that.
You can't.
You destroy the economy.
You destroy trade.
Things would shut down.
Shortage is up the wazoo.
So let's hope that's just yapping and negotiating.
And number two, he says he's going to do something about the debt and deficits and keep taxes low.
I'm all for it.
And then I hope he shuts the hell up and gets the hell out of the way.
That's the hope.
That's my take.
I wish I ran.
I'd be a hundred times better president than either one of them combined.
Because I just think the whole government system is a complete takeover of your life and my life.
And it's got to change.
We got to go back to we the people.
How is it possible that in the year 2000, federal government spent $1.8 trillion.
in 2019, 4.4 trillion, and this year, 7 trillion.
For what? Where's the money going to?
Corruption.
All right, that's our take as we hand to the election.
We'll have more on Monday.
I don't even know if I can add anything more.
Again, my pin tweet is it's the Ebola virus versus the bubonic plague.
We think they're both a Republican and Democratic Party suck.
They've drowned out anybody trying to go independent.
I don't like the people they're involved with.
I don't like the lies.
I don't like the cheats.
I don't like the steals.
We hope for better.
Up next, the markets, the weekend review.
Whatever else.
I'm Gary.
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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.
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.
All right, quick quiz for the hiring managers out there.
What's worse? Being understaffed or being poorly staffed?
Well, that's a trick question, because both are recipes for chaos.
Either way, just say to yourself, this is a job for Indeed's sponsored jobs.
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to hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time
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When you need the right person to cut through the chaos, this is a job for Indeed's sponsored jobs.
And listeners of this show will get a $75-sponsored job credit to help your job get the premium status it
deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com
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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 by the way, the last thing on the election, do not forget the other big lie besides fiscal
Responsibility Acts.
They told us they did great
campaign finance reform years ago
that would take money out of the
elections.
Billions being spent.
I heard a number
in Pennsylvania.
They spent 400 million.
Is that possible?
So they lied to you about
that also.
They're disgusting.
They really are.
They really are
disgusting.
and it's incumbent upon us, we the people, to do something about it.
And the problem is, we keep getting miserables on both sides.
You know how you get Trump?
Amazingly being able to, he may be reelected?
Look what happened, January 6th of the last election.
He's still saying he won.
This guy shouldn't be getting elected again.
It should be some great Republican that,
that's out there.
But no.
And the reason is both parties
killed themselves.
Kamala Harris?
She's a Marxist.
Her whole background for years.
Control.
Crays.
Confiscate guns?
Defund the police?
What are you smoking?
What is with you?
Anyway,
it's so easy to rest.
my case, but unfortunately, a lot of deaf ears these days, ladies and gentlemen. We'll see how it
plays out. All right. The big questions we keep getting is what happens to the markets, if, who,
what, where, when, how, and why. And the answer is, you really don't know. But the thought process is,
you do have one that wants to raise taxes big time you have one that does not am of the belief that it's better not to raise taxes because that's our money and they are a bunch of inefficient ineffective corrupt boobs in dc they shouldn't get any more why because they have proven to be they're running two to three trillion dollar deficits they're they're failures they're miserable failures
So you would think markets would be better with one, but you just don't know.
So what we're going to do is on Tuesday, hopefully we know who wins Tuesday night, whether it's her or him.
I do believe, I've said I'm 100% sure.
Let's go 99.9.
The Republicans are getting the Senate.
So if she wins, she will not have the Senate.
The House should be Republicans, but they screwed that up badly with bad candidates and Trump in the midterms with his terrible candidates.
So I think worst case scenario is gridlock.
And I just do believe gridlock is good.
And I think we'll just be on our merry way again.
The problem is the two words executive orders.
as I said yesterday and I repeat,
whoever thought that a president could forgive $150 billion of student loans?
Where in the freaking constitution is that?
Break contract law?
But he was able to until the Supreme Court came in and then he was still able to.
So who to hell knows what somebody will try and get away with?
even if they don't have
full power of the House and Senate.
What we're just going to do
is on Wednesday. We'll see how it goes.
I do remember the last time Trump won
that the moron
economist at the New York Times, Paul Krugman,
who's just a hack.
That's all he is. He's just a one-sided hack.
Doesn't care about you.
Republicans, bad Democrats,
good. Just another hack. He said the market was going to crash. And overnight, futures were down
big and then the market soared. Little did anybody know. It's a little bit different now because
the markets have made a move. Valuations are very high. Just so you know, the norm of the S&P,
I'm told is 17. I always thought it was.
15. It's trading like a 24, 25 times earnings right now, the S&P 500. I hate to tell you, a 30%
drop would take it down to 17 if it's at 25 and give or take a little bit. So you just don't know.
What we will do here, day by day, little by little piece by piece inch by inch. We told our peeps,
You know what we're going to be doing this weekend?
We're going to do one webcast on the stocks that gapped up and gapped down.
Why?
Because Amazon today, gapped up, finished up $11.5.5 bucks was up like 14, and it still didn't break the highs.
But we're going to go through that and why that happened.
On the other end of the spectrum, we're going to go through Eli Lilly.
why did Eli Lilly drop 80 points this week on their earnings report?
Everything about the markets is reporting and guidance going forward.
In the case of Microsoft was down 26 yesterday because very simply they went from,
we've been doing the mid-to-high teens in sales growth year over year to year,
around 10 this coming quarter. Boom, penalty. And the part of that equation is, typically,
the stocks that react the best to earnings on good guidance will do well in the coming quarters.
The simple reason is something good is usually going on. A big change, a new product,
an acceleration of something going on with the business.
Or maybe it's new management.
Who heck knows?
You know what stocks acting pretty decent in here?
Off of a terrible earnings report, Starbucks, because of a new CEO.
And who knows, I disagree with the things he's been saying, but the stock is hung in there.
I would have thought with a 25% drop in earnings and a 3% drop in sales, stock would have got clunked.
but there's activists involved, a new CEO saying this, that, and the other thing.
So we'll have to consider that.
And due to the fact, I got 12 pages of earnings this week.
We have a lot to go through.
We won't go through all those names.
We'll go through the ones that matter most.
Up next, what else we got for you?
On the market.
Oh, yields.
This is the one only investor's edge.
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
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.
All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being
poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way,
just say to yourself, this is a job for indeed sponsored jobs. You'll get matched with candidates
that meet the skills, certifications, and everything else you're looking for.
Or go a different way and get no traction.
Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire
than non-sponsored jobs.
It really is a no-brainer.
Spend less time searching and more time actually interviewing candidates who check all your boxes.
Less stress, less time, more results.
When you need the right person to cut through the chaos, this is a job for Indeed's
sponsored jobs.
And listeners of this show will get a 75.
dollar sponsored job credit to help your job get the premium status it deserves at indeed.com
slash podcast just go to indeed.com slash podcast right now indeed.com slash podcast terms and conditions
apply need to hire this is a job for indeed sponsored jobs 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, 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.edu.
We're listening to. America is talking.
Investors Edge.
He's got to be pleased with that. The crowd is just on its feet here. He's a Cinderella boy.
With Gary Coltbaum.
It comes highly recommended. You're going to feel better.
if you talk to him and welcome once again to Investors Edge so a few things market wise the Dow hit a high
recently of 43 325 it closed today at 42052 so down about 1,200 points which is nothing but it was up 288 today
was up 500, I think 530 at one time today, off of a bad jobs number and higher interest rates.
I said to Neil Cavuto today, if somebody told me that we'd have a bad jobs number and higher interest rates,
thought the market be down 300 today. Why was it up? Well, because we dropped 1,700 points,
which takes me to the next part of the equation.
The 10-year yield is now 4.36 up .77 today.
On a bad jobs number, you would expect yields to go down.
Instead, yields rose today, and that's a pretty good rise in yields for one day.
I have warned we had better never get to the point where the stock market wakes up.
The bond market wakes up and says, holy crap, how much debt?
What's the deficit this year?
And then all of a sudden, your mortgage rates are at 10.
And the Fed will have to start printing money again in order to get rates down.
And that will cause all kinds of havoc.
Why would I say all this?
because economics 101 is very simple in the bond market,
whether it's a corporation, a municipality, or the like.
The more debt you take on,
typically the more you're going to have to pay the lenders
because of how much debt you are taking on.
The worsening of an outlook,
the more you will have to pay on those bonds.
So if you're a corporation,
and maybe you're not doing as well,
or you have a big debt load,
and in that tranche of normal corporations,
the average yield is five,
well, you may have to pay six or maybe even seven
in order to attract investors.
What about a country that has 36 trillion of debt?
Where over a trillion now is going towards interest?
And where these Marxists that have been in the White House for the last three and a half years have taken things vertically.
And when I say vertically, Trump sucked. Obama sucked.
Bush sucked.
But they were not vertical.
with debt. This guy was vertical with debt and on purpose. So the worry is, do we ever get to a point
where this bond market is no longer looking at the inflation front? Because that's all you heard.
Inflation's better. Inflation's worse. Bond market this, bond market that. We had better
to that point. Why is that rising right now? I think because Mr. Bubble has dropped all pretense
of caring about the inflation front thinking he's in control and as you know we've stated for the
record he's not in control a squat. So the fact that the market was up today with yields up,
we'll see what happens. If yields start heading towards five
Well, just stay tuned. So today the Dow is up 288, but at one time today, 42, 3, 26, 260, up about 550.
S&P up 23 today. At one time today, whoa, S&P 5772, it's up about 70. The NASDAQ bounced 144. There's only one problem with that. The NASDAQ was down 400.
hundred and change yesterday and on the week was down 278 total NASDAQ 100142 transports were up 99 today small
and midcaps up a little bit were better the Philadelphia Semiconductor index that was yonked yesterday
was up 54 today but at one time today was up 110 so got a little bit bit better
distributed today. Distributive,
whatever word. Much tougher market.
I had an easy first six months. It's been tougher.
Three weeks ago, I was smiling like you wouldn't believe again.
And then they pulled the rug again with the 1700 point drop and some waffling around.
We're told November to April is supposed to be over.
always good yeah we'll see let's hope gold pulled back again today a little bit no big
deal a Bitcoin tried to break out of range wasn't able to but still right at the tips
and we're still in the midst of earning season trying to figure out what's going to lead
what's not Apple was down two and a half dollars today but no big deal
range bound between
220 and let's call it
237 for the last
four months
notwithstanding the crash in Japan
that took it down for a few days
they reported
but there's been some pretty good blowups
they blew up meta
they blew up Microsoft
and meta wasn't the biggest
of blowups now I wouldn't take it that
advanced micro devices
Eli Lilly wing stop
I got a whole list of blowups
and guess what list that goes on, the no-fly list.
Oils remain in bare markets, a ton of retail remain in bare markets, auto dealers bear markets, insurance looks like it topped, housing looks like it topped, so there are areas going by the wayside.
But the indices today, and of note, holding the 50-day moving average on the Dow and the Dow and the FDohm,
and pee and they better continue yields that has my attention and should have yours on
Wednesday we have the Fed the day after the election I cannot begin to tell you how
stupid it is to have the Fed the day after the election one would think they'd have a
little more than a pee in their brain and say you know what we're gonna move it a
week later. But no. Let us interlope the election. I've also been asked, what do I think happens
with the country if Trump wins? That's a big question. Do you remember when he won the last time?
Madonna saying the White House should be blown up. Do you remember that? Should have been arrested
for that. I think there's going to be a lot of marches. If Trump loses, well, let's hope there's
no January 6th. I think 99% of us will accept. I think 1% are still insane, unfortunately. If she wins,
and I do not want her to win, I'll respect it and hope she does great. If he wins, I don't
want him to win. I'll respect it and hope he does well. Up next.
What else I got for you?
This is the one to 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, 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.
All right, quick quiz for the hiring managers out there.
What's worse? Being understaffed or being poorly staffed?
Well, that's a trick question, because both are recipes for chaos.
Either way, just say to yourself, this is a.
a job for Indeed's sponsored jobs. You'll get matched with candidates that meet the skills,
certifications, and everything else you're looking for. Or go a different way and get no traction.
Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire
than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time
actually interviewing candidates who check all your boxes. Less stress, less time, more
results. When you need the right person to cut through the chaos, this is a job.
for Indeed's sponsored jobs. And listeners of this show will get a $75-sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed's sponsored jobs.
Success starts with your drive. An 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, 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.
You're listening to.
What are we waiting for?
Well, what are you waiting for?
One, two, ready, go.
Action!
In the guest's edge.
with Gary Culper.
I would vote for Dwight Shrewt over these two, to be honest with you, by the way.
Don't be mad at me.
I respect all of you.
Respect me.
I just, you know, Marxist on one side, big baggage on the other.
But we'll respect whoever wins, and I know I will not have any pipeline into her.
But if he wins, I'm going to try and have a pipeline into him, especially if Elon is going to do that thing with the slowing down the rate of government growth.
Oh, I can knock it dead in its tracks.
4.4 trillion the year before COVID. This year 7, what is that? 2.6 trillion.
Next year's budget, cut that in half.
So take it down to 5.7 trillion.
Where do you get the $1.3 trillion from?
Oh, it's easy.
$350 billion, John Podesta, you're gone.
Why are we giving out $7,500 to buy electric vehicles to rich people?
Gone.
And then I just start going after.
Oh, what did Biden do?
Oh, that $1.5 trillion or what?
How much did you give Intel?
To fail?
It would be so easy.
I can knock $1.3 trillion before you see.
say boo. And what happens is
the economy
grows more. They get more
revenues. They spend less and guess what
happens to the deficit.
See ya.
Be very easy. You just
have to want to do it.
And they don't.
So somebody needs to get
in there. Now I got to tell you
Trump wants
Kennedy involved with health care.
I don't want him near it.
He's a lunatic.
You don't think he is?
Go look up his last 20 years of health care at his utter stupidity.
It's the last person.
And that's another problem I got with Trump.
He's got some weirdos surrounded him.
Navarro.
Yeah, tariffs are paid by China.
All right.
I always get asked, what do I use?
So just so you know for my stock screens, this is where I have the state.
stocks that are up on a screen. I have three of them. They have pages behind them, but I have three that I can see at all times.
And I have one screen that has all kinds of stuff, a bunch of oils, airlines, cruise lines, transports, medical, bio, whatever, just a lot of stuff.
I have another screen, leading stocks and leading groups, Dow 30, a bunch of ETFs of different areas, the indices.
I have another screen that I just made up of things that used to be working that are no longer working.
And then I just added a few things.
Like right now, Argentina is a strong country, so I put some Argentina stocks on there.
It's kind of like this screen that moves around a lot.
And I have it from Thompson 1.
That's who it's from.
And it's a great system if he asks me.
By the way, they don't know I'm saying this.
I don't get paid to say.
Just want to make sure you know that.
It's from Thompson 1 costs a pretty penny, but this is what I use.
I have something called briefing.com.
I think I pay 500 a year for this.
And what it does, it's just running stuff all day.
Things that are happening in the market, things that are happening in the world.
Earnings reports left and right show up.
The biggest movers of the day, both up and down.
It's a nice little thing that it's just running commentary at all times.
Insider buying, insider selling, things like that.
This is what's up on my screen.
As far as charting, well, it used to be called Daily Graphs.
Then they changed it to MarketSmith.
Now it's called Market Surge.
I just love how the charts look
and I can go backwards on them
I can do weeklies
I can change the moving averages
It's got every and it also has this little system in there
That I can scan from the biggest movers of the day
Top to bottom biggest losers of the day top to bottom
Biggest percentage gainers top to bottom
Biggest volume gainers on a percentage basis
Top to bottom
all kinds of screens I can play with during it.
And it has great looking volume bars at the bottom, blew up, red down.
Like Lulu Lemon today, up $23.
Stocks crashed recently, but it's definitely acting better recently,
on 83% better volume.
And it's real time.
So you can see it changing throughout the day.
So those are the three big things that I use.
I'm not going to say, but I subscribe to a couple of services.
I'm not going to mention who.
One is one of the great charters out there, mostly high beta stuff.
And I just subscribed to a pretty penny service on a guy who's won the U.S.
Investing Championship a few times, wanted to see how that was.
And basically they have the same kind of thought process that I do.
It just will enhance what I do and give me a little more umph and confidence.
Oh, they're doing this.
We see the same type of stuff.
But basically it's the Thompson one, the market surge, and the briefing.com.
I got other little tidbits that I use, but that's really the crux of the matter.
I am on Twitter.
That's a running thing that I follow, and it gets pushed to me on people that I want to follow.
I have mentioned some of those names on there that I follow that I think have great eyes.
I really don't follow fundamentalists.
One guy, Dan Niles is a fundamental guy.
I follow him.
But after that, not many others.
I look for people that have great eyes on the market.
And I just put this whole thing together and then I close my eyes, hold my nose and pray.
So that's a little bit of that.
And that said, you all have a great weekend.
Hopefully you voted.
Drive carefully.
And when you get home, do like we do.
Make sure you hug your children.
They are the future.
Stay well, be well.
We'll be back on Monday.
Have a great one, everybody.
Good night.
This has been Investor's 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.
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