Investor's Edge with Gary Kaltbaum - Pretty good week in review [12.08.2023]

Episode Date: December 8, 2023

https://garykaltbaum.com/...

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Starting point is 00:00:26 That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. 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 Colpom, your host. A thanks of being with us today.
Starting point is 00:00:47 Glad you here, ladies and gentlemen, happy that you are listening. It is my sons, Eric, Eric's birthday. 28. When we started the show, we were singing them, happy birthday on his birthday when he was this little kid and we would invite anybody want to sing happy birthday and the best rendition would get prizes. We had boy bands call in, country bands call in. It was the coolest. And now my son's 28, which makes me 48. Yeah, right. All right, that's Friday. Hope you have good plans for the weekend. I have no plans this weekend, which means it's a good weekend,
Starting point is 00:01:35 because when you have plans, it's really no fun. I do have, oh, I must tell you, tomorrow in the 11 o'clock hour, in the morning, of course, I will be on Fox News with Neil Cavuto. Check it out. Neil's show is live, 10 a.m. to noon. On Fox News, I will be on the 11 o'clock hour. As of now, the news can change things. You never know.
Starting point is 00:01:58 I was supposed to be on in the noon hour today, and I wasn't on. Welcome to my world of live television. Hey, this is serious talk on you and everything that affects you. A little comedy injected, but we have no comedy right now. Really? There's too much going on. And if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it on our Twitter feed, which is now X.
Starting point is 00:02:23 And if you don't follow us on X, you should go to X and follow us because I'm very charming and witty. If I had friends, they would be able to tell you that. and if you wanted to email me, all you've got to do is be nice. And that's it. And that's all. We start with the news of the day. As you know, we've been doing the Middle East, and we're going to do a little short shrift today on it,
Starting point is 00:02:48 even though it really matters. The latest. Interesting. You know, we pull no punches here. You know where we stand on racism, bigotry of any shape or size. those three presidents of those colleges still have their jobs, though one of them somebody pulled a hundred million bucks and she still has the job, but I hear their meeting today.
Starting point is 00:03:15 Another one was completely backed. The MIT, I believe it is, completely back that president, that anti-Semitic president, oh Gary, you don't know her, you never met her. How can it be? Well, let me simply state, when you're having crap fits and shutting people down if they don't use the word he or she or we or you correctly
Starting point is 00:03:42 yet when somebody's calling for the death of Jews of what all depends on the context you are a anti-Semitic Jew hater it's very simple it's not hard to figure out do you know these colleges are having crap fits if you don't get a pro-name
Starting point is 00:04:03 downright and not if you're by accident you're being told you're inciting violence by the way I'm not making this up if you don't know
Starting point is 00:04:20 and you use the wrong pronoun they're censuring you they're suspending you but the murder of Jews yeah we got to figure out the context for me the story today is the UN, the anti-Semitic, anti-Jew, anti-Israel UN that has the worst of worst people on the Human Rights Commission.
Starting point is 00:04:47 China and Russia and Cuba actually did a resolution today calling for a ceasefire by Israel. They've never called for that resolution to ceasefire on Russia. Syria, by the way, we're not making this up. They never put out a resolution on October 7th for what Hamas did. All they have done is sat back. Israel, this, Israel, that. I got two words for the head of the UN and it ain't happy birthday
Starting point is 00:05:29 and I can't say it on this show. They've proven themselves. Just so you know, they do these sanctions during the year. They'll sanction Israel 25 times, North Korea, zero. North Korea where that piece of garbage murders his own family. Get this.
Starting point is 00:05:51 With hellfire missiles. You know what hellfire missiles are? When they hit you, you explode. No resolution. No sanction. No nothing. Yet, for some reason, nobody does squat about.
Starting point is 00:06:12 it. If I was president, just so you know, they wouldn't get a dime from me. I tell them to go take a flying leap and let him put resolutions on me like I care. They've turned into nothingness, these people. Political hacks.
Starting point is 00:06:28 That's what they did today. Just letting you know, Israel, you're bad. Stop! Don't go after terrorists. You wouldn't believe some of the freaking testimony from the victims on what happened to them and what they saw. Not a word from the UN. Not a word. Not a freaking word. Nothing. And we're not going to rehash that.
Starting point is 00:06:59 You can go check what it is. You know what they did. Yeah, you know. No, leave them be. No, you can't go You can't You can't do that No Look what you're doing You think there's been any resolutions In the last 15 years on Hamas
Starting point is 00:07:20 For destroying Gaza Stealing all the money Using it for terror tunnels And ammunition and weaponry You think there was any resolution for that? No So again Two words, not happy birthday
Starting point is 00:07:35 Can't say it on the show you know where I stand next. Just another I told you. So as you know, I'm Mr. Logic here. We, and we have no bias towards anybody. We can't stand any of them. So we told you that something's going to give on the Hunter Biden thing. And now they're really putting the hammer down.
Starting point is 00:07:56 Why? Because evidence has been shown, even though the media, just so you know what the media has been doing for the last few months, there's nothing there. There's nothing there. Hey, just because the Biden family got $20 some odd million from all these countries and people from these countries, and they didn't do anything to get all that money, there's nothing there. And just because Hunter Biden had got all this money and spent it on this, that, and the other thing, didn't pay any taxes for many years, there's nothing there. Well, I got news for you.
Starting point is 00:08:27 We're going to jail for what he did. He did not pay his tax. He didn't file. And some of the stuff is so funny. He rode off strippers on his taxes. He says they were a business expense. Don't you just love people? Anyway, just a influence peddling piece of crap.
Starting point is 00:08:54 His father was involved. It's 100% obvious and the media won't cover it. And the media won't even investigate it because they know what they will find. They don't care. Just remember they give Trump a colonoscopy 24-7. I'm pretty more sure I heard. You know when they had that BS Russia thing on Trump, the dossier or something? Do you know the New York Times?
Starting point is 00:09:18 Am I correct in saying they hired 120 investigators? Do you think there's any investigators checking out if Joe Biden was involved with his son on getting all this money under the table? Do you think they're, you know it, because they don't want to find out the truth? And they know it. They know what he did. You know, the line filed the money. So there's the Hunter Biden.
Starting point is 00:09:40 And last but not least, on news of the day, that is kind of light, but kind of interesting, a bunch of Los Angeles restaurants, vegan restaurants, are adding back meat onto their menu because business is shot the hell. And veganites are pissed off. How dare you? put meat back on the menus and there's a big to-do in Los Angeles. Remember what we always tell you about business, where there's a demand you supply, and if there's no demand, you don't supply.
Starting point is 00:10:19 And if there's really no demand, you better fix things up. So they're trying to fix things up, realizing, hey, this part of the business may be not so good. And guess what's happened with the electric vehicle business right now? I've done a little bit of a deep dive on the electric vehicle business. It's really bad There's a By the way If you want a great deal
Starting point is 00:10:41 On electric vehicles It's out there kids And you get You know The taxpayer gives you the subsidy also Isn't that great So you rich people If you want to buy
Starting point is 00:10:51 $100,000 of electric vehicle You're also going to get $7,500 from poor taxpayers Don't you love Washington, D.C. That they say They're for the little people Yeah, we're here for you Up next, market wrap, lots to cover.
Starting point is 00:11:10 We'll segue. This is the one only Investors 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,
Starting point is 00:11:50 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 complementary portfolio review. The number to call is 888-4-22-559. That's 888-4-22-5-5-9.
Starting point is 00:12:23 888422-5-5-9. Investment Advisory Services offered through Colbaum Capital Management. 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-drop fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you.
Starting point is 00:12:54 Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John, comfort perfected. This message is brought to you by the Capital One VentureX card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase,
Starting point is 00:13:20 bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Sprecker. The platform responsible for a rapidly spreading condition known as podcast brain.
Starting point is 00:13:42 Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is, Sprinker makes the whole process simple. You record your show, upload it once, and Sprinker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Sprinker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com.
Starting point is 00:14:18 Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this.
Starting point is 00:14:44 And what once again to Investors Edge. And for those who are asking, whoa, Gary, I turn on Investor's Edge to hear about the market. Well, we're talking business here and all this counts. Just remember, the President of the United States, you do know what he did in the last two months? After the Supreme Court came out and said, you can't do that with student loans. He's doing executive orders and just handing out our money
Starting point is 00:15:15 to people who took out loans that are supposed to be paying them back. Another $8 billion this week. I mean, it's been, I mean, bazillions. And of course, it's all afooten. know when you're running two trillion dollars deficit he is a corrupt influence peddling sleaze bag and i'd say it to his face he's because he's got a title of president i couldn't give a crap and the things i say about trump i'd say to his face too except i really got to be nice to trump because he's got really good golf courses but you get my point and you know my son
Starting point is 00:15:56 is paying off his student loan and i'm thinking to myself shouldn't my son be able to sue Joe Biden? How are you forgiving this person but not my son? Aren't we all equal? Isn't it we the people? Why does that person get their loan wiped out, but not my son? It's sickening. It's absolutely sickening to see what our government has become. And by the way, government's just people. You just got crappy people in government. You got Marxist control freaks in government. Sleasbags, influence peddlers that pay off donors and compatriots. So anyone who's not getting their student loan wiped out should be pissed off like there's no tomorrow right now.
Starting point is 00:16:57 Why not me? How's that from Mr. Logic? And if you don't think this matters, oh wait till hell comes on all the debt and deficits that they are doing. Oh, I know Bitcoin's up and this is up and that's up. Terrific. What do you think happens when the debt explodes? Go read up the stories of what happens when debt explodes. Oh, like an 08 that they guess what they did.
Starting point is 00:17:32 They just decided to a thousand more credit cards to pay for that one with bazillions of dollars. Do you know since 2008, our deficits gone from $10 trillion to $34 trillion? That's how they saved the day. It's all debt. Do you know if they didn't add $24 trillion? What do you think we'd be? Because they're disgusting. They've taken over.
Starting point is 00:18:01 It used to be we the people and it's now we the influence. peddlers and the Republicans can look me straight and face. We're good. Kiss mine. We're good. You suck too. Under Trump, six, seven trillion. I saw Trump in his interview talk about, I took care of the farmers. I saved the farmers. China paid the farmers off. Lie. Trump did these stupid tariffs that cost the farmers tons of money. And then he paid off the farmers. with our tax dollars and then lied and said China paid him off. China's laughing their asses off at us. Trump's lucky I'm not doing the interview.
Starting point is 00:18:58 He'd walk off in a minute. Same as Biden. Biden wouldn't even understand the word I'd say. Anyway, we segue. Again, it's my son's birthday today. He's 28 years old. All right, market wrap, brought you by investment dash models.com. That's Jim Rohrabak, one of the great market timers.
Starting point is 00:19:24 No gray areas with the man you're either in or out of the market. With his proprietary indicators, go check it out. Investment dash models.com. Dopp 130, S&P 18, NASDAQ 63, NASDAQ 162. The transports were down 88 today. And advanced declines, not the greatest, but I have to. Oil prices are up. Oil's bounced a little bit just randomly.
Starting point is 00:19:45 And yields backed up today. But the market was still okay. and let me make some blanket statements on a few things, if you don't mind. First and foremost, when you've got a chance, go look at a chart of the S&P 500 and then change it to a weekly. I got news for you. That looks some pretty damn good for higher prices from here. Go look at the NASDAQ and then go look at the weekly. man, that looks really good for higher prices. Go look at the NASDAQ 100.
Starting point is 00:20:35 Man, that looks pretty good for higher prices. We didn't say we're getting higher prices. We're saying it looks damn good to get higher prices. Technical picture on the weeklies, just pretty damn good. And you can inject a few other things into the fray. Apple looks ready for the old highs of July and then maybe more. That's $15.6 billion. Each dollar it moves up.
Starting point is 00:21:21 Some other big camps better today. And they've been waning a little bit. Yesterday was a decent day. If they start moving out of range, heck yeah. Software stocks. And we have some software. At the high.
Starting point is 00:21:40 and just pullbacks are just so contained, and that's what you want to see. When you're able to see price go up from six to noon, straight up, and just make a right turn, not even pull back, just make a right turn, and then go again, we're seeing a little bit of that.
Starting point is 00:22:06 Financials persistent. That doesn't hurt. And just tone. And of course, tech. If tech is in shape, usually a leading of. The only areas right now that are bearish, bearish, China ADRs, a bunch of them, not all, oils which did bounce today, not all,
Starting point is 00:22:35 pipelines better than most, but even they've been coming in. And there's a smattering of stuff because there's always bearish stuff. And that was the opposite of what we saw from July to end October. July the end of October, we're on this show every day telling you, avoid this, avoid this, avoid that. Starting November, we said things are turning up, the bottom is lifted, and just improvement. And it's been cruise lines and airlines. Hotels, rails, truckers, on crappy earnings numbers. Retail on crappy numbers.
Starting point is 00:23:15 Up next, we'll keep going. I'm Gary. This is the one that only investors edge. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you.
Starting point is 00:23:50 Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with code comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination.
Starting point is 00:24:20 Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your? Wallet, Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news
Starting point is 00:24:52 is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. with that the crowd is just on his feet here he's a Cinderella boy with Gary
Starting point is 00:25:35 Colbomb comes highly recommended you're gonna feel better if you talk to him and walk once again to Investors Edge so my scanning every night I'm kind of sort of ooh look at that oh look at that oh look at that look at that set up oh look at that look at that FedEx today broke out of a little range I wish volume was strong I would have bought it I didn't buy it yet Lulu Lemon was 20 some odd dollars in after hours yesterday on their earnings. Opened up, down 10 today. Finished up $24, even though they kind of lowered guidance. That doesn't happen in bare markets.
Starting point is 00:26:20 Catch the drift. Broadcom. That was down in pre, after hours last night. A fourth deceleration in a row. of their earnings and sales, quarter after quarter after quarter deceleration. What do they do with the stock today? Well, they opened it up first and then it was down. Hit 910.
Starting point is 00:26:54 Closed it at 9.44 up $22. Does that happen in bare markets? And of course, that's artificial intelligence. It just so happens yesterday. Artificial intelligence woke up. For a while, anybody could say artificial intelligence, the market ignored. I am not ignoring anymore. We'll see how that plays out.
Starting point is 00:27:25 Doesn't happen in bare markets. Boeing. Just so you know, Boeing back in June and July and August, September, we were announcing more jets. Stock got trashed. Boeing, since the low at the end of October, 180 to 245. and they're announcing more jets. It's done a round trip from July, made a huge gargantuan V shape for a downame that loses a ton of money. That doesn't happen in bare markets.
Starting point is 00:28:05 If things change again, we'll let you know. But man, and again, it is not throw the darts. It is pay attention to what's working and what's not. and we let you decide. Now the crypto, because I'm now getting emails or what do you think of Bitcoin, I wasn't getting that two weeks ago. I wasn't getting that four weeks ago. I wasn't getting that eight weeks ago.
Starting point is 00:28:38 But now I'm getting, do you think I should buy Bitcoin? And I pretty much ask each one of those people, do you know where the price of Bitcoin has been? No, I don't. well go check and get back to me I'm just looking at it right now on the chart just to let you know so Bitcoin was 28,000 on October 19th 29,000 it was 30,000 on October 22nd it's up 50% in six weeks and of course the Bitcoin scammers are are trying to tell you why. Why is it up?
Starting point is 00:29:35 It's, you know, because, you know, there's ETFs and all this is coming on. I got news for you. When Bitcoin crashed from November of 21 to December, now only 80%. They weren't out telling you how much you have to own them. You know what they were doing? They were closing shop. They were trying to raise new funds to,
Starting point is 00:30:10 save themselves from bankruptcy. So we'll repeat. We'll tell you whether it's in a bull or bear market. You get to decide if you want to place something that's basically could be a tree. It's just a trading vehicle. That's what it is. Now there is a component that people say. Well, it's a market-based trading vehicle, market doing better, and also worry about
Starting point is 00:30:37 the dollar and the currency and they'll take over with... They tried to scam you by bringing out over 30,000 coins. Most all are at zero. There's a few that stand tall, and there's maybe three or four that are really the meat and potatoes and really two. And that's Bitcoin secondarily Ethereum that are the end all be all. We'll let you decide. That's all. There's no earnings.
Starting point is 00:31:15 There's no sales. There is no nothing backing it except the next person paying for it at a higher price than you own it. At least that is the hope. And the people that are now hymn and hawing after they were down 80% have no clue whether there's going to be another 80% drawdown. They have no clue whether they're Protestant. of $1 million. And by the way, we're not telling you a million ain't going to happen. We're telling you these people are schmucks for telling you a million will happen.
Starting point is 00:31:59 They're con artists. So again, it's in a bullish phase of unknown price and time. We've seen nothing that shows otherwise. It's strong as all heck. the micro strategy, which is just basically Bitcoin, because that's all they do. They own Bitcoin at this point is strong, and some of those secondary names are strong. Just don't be the last one in when the music dies. That's all.
Starting point is 00:32:33 And we don't know when that happens. And we don't pretend to know it happens. And we don't pretend to know whether it's going to go to a million or go to zero. We do know as fact there's nothing there. it's just a trading vehicle and for them to tell us well because an ETF is coming out that's the reason
Starting point is 00:32:54 well that should not be the reason for anything going up but they'll come up with any reason for you to buy high so they can sell high so be careful again we're not telling you to buy sell shorter cover we're just telling you what it looks like
Starting point is 00:33:19 and we wish you luck oh by the way coinbase that's another thing that's been moving pretty good oh yeah that's right they try to voice coinbase onto you at a 250 ipo that they opened at 420 that was in uh april of 21 420 it's 146 today we want you to remember that. Very much so. You got that? Oh, and they lose a bunch of money. They'll probably start making money soon because there's more trading going on. We'll give them that. That's our take. And notice, we don't have any, we don't own them. We don't own them when they go up. We haven't own them when they crashed. And we don't own them when they're still down, way down, from the highs of two years ago and change. And if anything changes, we'll let you know.
Starting point is 00:34:41 That's the crypto story. And if you don't believe us on the 30,000 coins, you just go to Crypto Watch. No, there's a better one. Go to I had it here somewhere. I know I did. I'll find it here while I'm doing the show with you. There's 30,000 of them that they try to snow you with. Coin ranking. There you go.
Starting point is 00:35:17 Coinranking.com. 30,000 of them. By the way, number three is something called tether in market cap. Then there's something called XRP, BNB, Solana. Doge coins back up to 10 cents after going to 70 cents. And that was started as a joke. That's how crazy it is. Up next, we'll take you to the weekend.
Starting point is 00:35:51 This is the one the only investors in. It's no use putting it off. The best time for an underwear refresh is now. Tommy John Underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw-fly is a game-changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com, code comfort. Tommy John,
Starting point is 00:36:55 comfort perfected. This message is brought to you by the Capital One Venture X card. VentureX offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply.
Starting point is 00:37:22 Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreker. The platform responsible for a rapidly spreading condition, known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes
Starting point is 00:37:52 it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Spreaker helps you monetize. your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it.
Starting point is 00:38:17 You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In The Gester's Edge. With Gary Culpa. Dun-da-da.
Starting point is 00:38:46 Uh, the good news. Good news. Only the facts. Jobs number came out pretty good. Unemployment rate, good. Florida's unemployment rate is ridiculously good. Wages rose nicely at November. Inflation expectations have come down. Good. But prices are still way up. But you know me. I don't care who's the president. I want strong jobs. You ever met somebody that lost their job? Their psyche and how they feel about themselves? Ain't fun. So good to see. And we can always pick things apart in the job thing. You know, a lot of government jobs, which sucks.
Starting point is 00:39:38 That's the taxpayer paying them. We think the amount of people in government is an absolute joke. What an industry. But it's good to see. I think we're 3.7. And I know the amount of people that are in the job market is much less than used to be, but kind of sort of that's choice to a certain extent. So good on that.
Starting point is 00:40:11 And I saw some people trying to spin it as bad today. I think you spend 3.7% unemployment as bad. And of course, the president was outlying. Look what I did. we've created millions of jobs since I'm he didn't know he did not jobs came back from COVID Washington DC creates no no jobs except I will give them credit for the whatever's going on with their you know construction if the money's going towards highways and byways and things like that but we don't have any numbers on that right now
Starting point is 00:40:53 related. But I can tell you firsthand when I traveled recently, you know, the airports were in good shape. They were over Thanksgiving pretty darn good. Expectations of holiday spending should be pretty decent. The big issues are the underlying issues that I see, and that is lots of debt for the consumer, credit card usage, all that stuff. We'll keep you informed. We'll stay on top of it. We are sure there's going to be hell to pay. The debt will come back to bite.
Starting point is 00:41:37 We don't know when and we hope we are wrong. We'll gladly be wrong. But we are living off the back of 6.6 trillion of government spending this year. Two trillion of that debt. And that goes into GDP, flows through the economy. I'm not so sure that's good news. That's going to only last so long. So that's good.
Starting point is 00:42:22 Earnings overall, they're okay. I heard somebody BS giving out numbers about what they were. No, I look at the numbers every day. They're okay. There's some things with great earnings and Nvidia. And then the rails, horrible earnings. Why are the stocks up? Well, it better mean something good going forward
Starting point is 00:42:47 Unless, because if not, we're going to end up with some seriously ridiculous valuations where you know what happens ultimately, but so far, so good. And I must tell you, right now we're in a little bit of a spot where I finish my work at night and say, oh, here's five more names.
Starting point is 00:43:11 Well, here's three more names. Oh, here's two more names. Oh, look what that did today. And as we started the show with Broadcom, stocks hit on earnings, finishes up 22. Lula Lemon, down 20 on earnings, finishes up 24. And we have simple rules on the market. That does not happen in bare markets.
Starting point is 00:43:37 We know the characteristics of bull and bare markets. And right now we're in a phase of good. How long it lasts and how far it goes, I don't know. I do know we're in December where supposedly we're told that's got to be good. I'm all for it. And let's hope it continues, because I got news for you. Bull markets are much nice and in bare markets. As much as we nail the bare markets also, it's so much better.
Starting point is 00:44:07 Why? Your 401Ks. We want them going higher. We want you feeling wealthier. The way you feel is the way you feel. way you think. It keeps the things going in the right direction. So stay tuned. On the week, the Dow, if I can find it, was flat. Ready for this? Up two points. The NASDAQ, up about 0.69%. The S&P, up 0.2%. I actually thought it felt better. The Sox, Philadelphia Sox.
Starting point is 00:44:52 on the week, little less than 1%. Good recovery, though. The transports on the week, down 1.6%. Though, when you got a chance, go look at the chart of FedEx tonight, and I will safely tell
Starting point is 00:45:09 you, if they had some real compelling volume today, I would have been in it. But the volume was bleh. We like seeing conviction in the moves. And we still may put a play on it on Monday. And FedEx for us is one. FedEx, Caterpillar. There's certain meaty names, M-E-A-T-Y names that we follow.
Starting point is 00:45:36 FedEx being one of them. Gold. Forgot that. Just letting you know, end of last week, gold looks like it was going to finally bust out to that all-time highs. We'll call it a miserable failure at this juncture. That's all. If it's a, if it's a comes back around, we'll let you know. But miserable failure on Gold's move last week. And that's that. Don't forget Fox News tomorrow, 11 o'clock hour. You'll see me, I think. So have a great weekend, drive carefully when you get home to like we do. Quite simple. Make sure you hug your family, hug your children. You will feel better. They will feel better. Watch out the weather. I hear this. There's some going on in the Northeast. Peace out all. Thanks for joining us. Always appreciate you.
Starting point is 00:46:25 Bye, bye. Edge with Gary Cultbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John Underwear is designed for a perfect fit that stays put all day.
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