Investor's Edge with Gary Kaltbaum - Relentless On No Volume.

Episode Date: August 15, 2022

Follow Gary on GaryK.com or http://garykaltbaum.com

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eBay, things people love. Investors Edge with Gary Cultbaum, straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Colbaum, your host day. Thanks for being with us today. Glad you here, ladies and gentlemen, happy that you're listening. It's Monday. It's August 15, 2012. too. Hope you had a good weekend. Hope you had a good day. We were hit with big storms this weekend

in central Florida. That is the nature of the beast here in Florida during the summer. They seem to come in the exact time every day, but we had a doozy, knocked out power. The whole works. You ever have power out? Not good, especially when you have elderly living with you. Anyway, again, hope you had a good weekend. I did because the Mets keep rolling along. isn't it great when your sports team that you are just that you adore? I still remember when the Giants beat New England, I still wear my 18 and 1 shirt. New England was 18 and 0 going to the Super Bowl.

Anyway, the Mets just look like world beaters right now and the pitching. They don't get, if you don't give up runs, you're winning games. That's my sports of the day. You know, we whine and complain here, not because of us, but because of you and my sons and their children who whine and complain. For damn good reason. So I just want to start out by saying, in case you did not know, there's nobody more fiscally conservative than I. there's nobody more capitalistic than I there's nobody more that believes

that the system, the government, has really let us down in many ways, shapes and forms. Start from school all the way up. The talk of things being free, the lie of things being free, give it to you for free. It's a lie. And you know how the cliche, oh, we're used to politicians lying? I mean, that's mainstream. And as you know, we call them all out. And we can go back and forth, forth and back. The last guy, have verify every word he said. Obama, where there's

Obamacare, the nerve of him to say we're going to put millions of people into health care, but don't worry, your premiums aren't going to go up. A sheer impossibility. And we know what happened there. And now this guy, I just want to make sure you know exactly what they just did. To further the eventual blowing up of debt deficits leverage when I don't know, but there's a reason they're all retiring.

They just came out with a tax and spend bill. That's what they came out with. And they made it up out of thin air, calling it the Inflation Reduction Act, even though it has nothing to do. There is 0% to do with inflation, let alone reduction. It is a blatant in your face,

stick it up your, lie from Joseph Biden who tells us it's going to lower the deficits. The man who has voted on 30 trillion of over 30 and a half trillion of our debt tells us a spending bill will cut the deficit. But that's not what I'm pissed off about. We had another weekend of Sunday shows where they bring on the political class. and they bring on the administration to ask questions, and not one of these supposed journalists held the feet to the fire.

One did ask what is in there to lower inflation. And they made up some BS, but no follow-up. Nothing like, what the hell are you talking about? How does that lower inflation? You know what else was not asked? in case you don't know, a ton of it's going to climb it. Do you know what's in there? Grants.

You know what grants are? Giveaways. That's what they are. We're going to give you a crap load of money. You don't have to pay it back. Do you think one journalist asked the question? Are there any relatives, friends, close associates getting any of this money? Nope.

Nope. And of course, the nerve to tell us they can stop hurricanes and the heat and the cold and the weather. And it's amazing that half the country believes it. And you know, when I sit down with people on the other side of the island, I say, how is it possible you believe that they're going to do anything good for the country when it comes to the climate? How do you think they can affect it? Well, that's what I get. Well, no, no, no, really?

Somebody answer that question. I get no answers. Oh, we're going to give out money so you can buy electric vehicles that you cannot afford. If too many people buy electric vehicles, oh, we're screwed because we don't have enough charging stations. Oh, but don't worry, we're going to make up charging stations by giving out grants. instead of letting the companies that build the electric vehicle incur that cost. You catch in my drift?

An absolute scam. It would have been easy to flush it out in one interview. They're lucky I didn't ask the questions. There's no more holding power to account. And now a few hundred more billion dollars out of our arses. That's all that happened here. Nothing more, nothing less. And then they made up a name to suit their political purposes

because they don't give a crap about you or I. They just give you the big middle finger. I wanted to bring that up for a simple reason, just to make sure while the market's going up right now, you remember what's happening not underneath the surface, But on top of the surface, stunning, stunning. So the left is cursing out the right, and the right's cursing out the left, and they're going after Trump, and Trump's going after them,

and the FBI was somebody tried to shoot up the FBI. Let me tell you something. The people on the right ripping on the FBI should shut the hell up before a few of them are dead. I'm fiscally conservative, socially logical, and very much everything else logical, with no bias agenda and ulterior emotive. And boy, oh boy, I got P.O. this week watching some of this. And frankly, I don't know why.

The Inflation Reduction Act. You know what I'm going to name my show? Starting tomorrow? George Soros speaks. By the way, that's financial George Soros. I know what you're thinking. Anyway, that's me just ranting. Another weekend lost.

journalists no clue Biden riding bicycles on the beach while he just hamstringed us more I don't know I heard 500 600 700 billion oh who cares what's another 500 600 700 billion they've got the game down they got the con down

and we are all the marks and those that you can't stand them who love the other side they're almost as bad the other side side, the ones that are complaining about the spending now that didn't give a crap about Bush's spending or Trump's spending. Now all of a sudden it matters.

But then there's the market. As we have stated, follow yields, follow oil prices. Oil prices at one time today were down like five bucks. Finish down three and a half. Still good. Yields were down decently today. Hey, guess what the market did? That's the name of the game this second.

Until that correlation ends, it doesn't. Market had a chance to sell off today. It didn't. Tomorrow, another day. But again, yields and oil prices. Up next. Market wrap. This, that, and the other thing.

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 8-8-5-5-9. That's 888-4-2-4-2-5-9. Investment Advisory Services offered through call-bomb 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 stomach egg every time that I eat and it just becomes like a lifestyle where oh yeah you know I just have a stomachache 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 IHeart Radio. Listen now wherever you get your podcasts.

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. APU. APUS.edu. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming with Gary Coltbaum. It doesn't get better than this. And welcome once again to

Investors Edge. And let me just finish off with this morning. And again, you, you, you, you may not know this. I guess it's because my antenna are always up. Turn on the TV and NBC was on the Today Show. This is how a reporter introduced what's just happened in Israel, where the terrorist Palestinians lobbed like a thousand missiles into Israel. This is how it was reported. Palestinian Islamic jihad responded to Israel's missile attacks.

You hear that? A blatant, 100%, not 99, lie. You think when they came back to the anchors, they said, let us address that? No. They now led all their viewers on with a lie that Israel attacked the Palestinians and not the other way around. This is what we're dealing with, ladies and gentlemen.

This is how Trump came to be. Unfortunately, we needed a Reagan talking about a guy like Trump who killed himself. He had it so easy. All he had to do was shut up. the hell up and smile and be nice for a few months into the election. And as far as the rest of this crap going on right now, the problem for Trump with me, the unbiased one, I have to verify everything he says, so I don't trust him. The good news for him, I don't trust them either.

They've earned that. And I'm not talking the FBI. I'm talking those higher ups. This is what we're dealing with. This is what we're dealing with. Alex Jones, I'm mentioning him. The guy who just lost a bunch of money on Sandy Hook for saying it was never happened. It's moron, this imbecile, this jackass, the week back from being found whatever guilty and he's got to pay money,

he sold a million bucks worth of, I guess, his merchandise. because people have great gigs. Imagine. Those kids didn't die. The whole thing was fake. And this has followers. Lots of them. Earning him millions of dollars.

And that's just one of the things. This is what we're dealing with. We'll just keep being logical here. And, of course, as usual, walking you through thine markets. which are quite interesting because from the start today, they came out with this Empire Manufacturing Index report. It didn't look like a recessionary number.

It looked like a depression. They came out with a National Association of Home Builders report, not recession, but a big recession. Markets were up today? How can that be? How can you have a manufacturing report? That's depressionary. Of course, it's just one report.

How do you have a housing number? Deep recession, if not worse. And the market goes up. How can that be? Because we've been told forever the market and the economy, the economy and the market. No, the market went up today because the 10-year dropped the 2.791, and oil prices drop when all was set and done $3.60.

No off those $5. They were $5. That's why. That is the cost of everything. The cost of mortgages and the cost of energy, which is a huge part of the inflation slash deflation. That's what the markets are working off, as well as what we would call some momentum.

What does that mean? in motion continues motion, which has me logically saying, okay, we get that. And on, at the lows, the market bottom the day, the yields topped, and basically when the week of commodities topping. But if the numbers get worse, there is the question, will the market get to the point where it factors in the economy over rates and commodity prices. And that's a darn good question, because that's all about the economy is earnings,

demand, sales. So the answer is, will it eventually? Well, if the numbers worsen, yes. but when we don't know, but we'll be ready because you can't hide bad action in the market. But I can tell you today, had a chance. Had a chance early. And market was bought up. Excruciatingly, light volume, big time light volume.

Price first, volume, second. Simple as that. So, the market wrap is brought to you by, Investment-dashmodels.com. That's Jim Rohrabak, one of the great market timers. No gray areas with the man you're either in or out of the market, but his proprietary indicators, go check it out. Investment-dash-models.com.

Dout 150. S&P 16, NASDAQ 80, it was down 40-something early in the day. NASDAQ 100101 and what did the trick. Apple, Microsoft, Tesla, Adobe. Semiconductors were weak early, finished in the green when all was said and done. That don't hurt. And just overall, an inability to sell down the market right now in spite, let me just state for the record. horrible economic statistics coming out.

Up next, more on these markets, lots more. This is the one only investor's 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, 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 stomach ache 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. 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.edu. Today, we're exploring deep in the North American wilderness among nature's wildest, plants, animals, and cows? You're actually on an Organic Valley dairy farm

Where nutritious, delicious, organic food gets at start But there's so much nature Exactly, organic valley, small family farms Protect the land and the plants and animals that call it home Extraordinary Sure is, Organic Valley Protecting where your food comes from Learn more about their delicious dairy

At ov.c-o-o-o-op You'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 your senator of boy With Gary Colbomb

It comes highly recommended You're going to feel better if you talk to him Just got a text Hi Gary Joint Governor Ron DeSantis In Volusia County on Sunday August 21st The rally support for the DeSantis

Education Agenda The Students' First Parents' Rights Plan for Florida Space is Limited Reserve your seat My Sunday is reserved for Winston My dog But DeSantis

Definitely does have my interest I want to see the fine print and the next president I want to have things roll down his or her back and just move forward you don't have to kill him with kindness let's get the job done

I remember Reagan I don't know if you know this on a daily basis they was saying Reagan had dementia stupid, moron, imbecile, duffish jerk off, hates gay. I mean, just you name it, they said it. You know what he did? Smiled.

One in a landslide changed the face of the country as he took us from 25 tax rates, with the highest being 75, down to 28 and unleashed and unlocked. this great country. That's what he did. And he laughed them off. He didn't have to curse them out. He laughed. He smiled and put his policies in place. And you think they say bad things about Trump? You wouldn't believe the stuff they used to say about him. Didn't affect them one bit. Not one. that's what I want with the next person. I want a fiscal conservative deficit hawk, socially logical, defend the military, defend the police,

make schools great and make it we the people, rules, regulations, fees, fines, mandates, taxes, logical. Get them off our back. Stop paying off your friends and your relatives. You corrupt nincompoops. And let them say what they want. That's all. Joe Biden's the opposite.

His rules, regulations, fees, fines, mandates, taxes, control freakism, Marxism, with a crap load of lies to go with it. they have all forgotten they don't turn the lights on without our tax dollars they work for us they forgot that you know how we know

this bill is a middle finger right at our eyes and a payoff to the buds I'm addressing you people that love the guy go check it out and see if you're happy no really really check it out take your bias away

and go look at the climate part of the bill and you tell me, just that part. Anyway. But Reagan's gone. Anyway, back on thine markets. As I go through my Twitter feed, you know, I set up my Twitter feed where people get, that you want to hear from get sent to you. So you follow this person or that person, and when they put something out, you get it. and I'm very careful about who,

because I know who's full of it and who's not. But on top of that feed, on Twitter and these other apps, you see a lot. We're just letting you know. The perma bears are about as bearish as can be in spite of. The perma bulls are patting themselves on their back. I'm not going to mention names,

but there's one dude out there that's, always front and center, he missed the whole bear market, missed 50 to 90% drops in the NASDAQ, utter destruction, missed everything. He's out there. Well, I said he, well, telling people how great he's been. I'm like, really? Another person that's lucky, I'm not doing the interviewing. And then there's the perma bears, we told you. There's a couple of people that nailed the bear market. They're staying bearish. And I try to explain to you guys and gals, price, price, price. It changed July 19th. Best moves are stuff off the bottom, which is a pain in the rear, but it changed. The market itself bottomed and then drifted for a while. The low was June 17th.

June 17th confirmed yields topping out. And that's all that matters right now. That correlation is going to change. There could possibly be a day where yields come down and the market drops 400 because of a bad economic number. We had two real bad ones today. Stay tuned. Very much weakness today. and everything commodity

as commodity prices drop because the dollar was strong today go look it up why gold continues to be for me amazing based on the inflation we saw I would have thought gold be 10,000 by now if you'd have asked me a year and a half ago

that was kind of sort of the only weakness today real weakness strength tech some down names nothing was up big in the Dow nothing was really down that's what did the trick

advanced decline's not that great today but still up not a lot of new highs but if the market continues to hang in there new highs will show up a bunch more strength

managed care up near the tips biotech's been getting a big and now some big biotech getting a bit you had a little more move to the upside in some of the bigger software like adobe today salesforce dot com the semis were weak earlier in the day finished up on the day Costco perfectly off support today eight bucks if Target and Walmart weren't reporting tomorrow and Wednesday, I would have been buying Costco today. There's no way I'm going to front run, excuse me, Walmart's tomorrow and targets Wednesday. We'll see how they report and we'll see how Costco reacts. And just not a lot to complain about unless you own a lot of the commodities.

And again, we're stunned about gold. Economics 101 has always taught us inflation bad, gold strong. ain't happening. Maybe tomorrow. Not yet. China, very weak economic numbers. They lowered rates overnight. That's why the dollar was strong today.

That's the story there. China stocks, they were trying, now very weak. We pretty much avoid at this juncture. Foreign markets have not. not been able to keep up with us in any way, shape, or form. If that changes, we will let you know. Up next, yeah, the coins, some thoughts. This is the one on the 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 IHeart Radio. Listen now wherever you get your podcasts. 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. Today, we're exploring deep in the North American wilderness. among nature's wildest plants, animals, and cows? Uh, you're actually on an organic valley dairy farm,

where nutritious, delicious organic food gets at start. But there's so much nature. Exactly. Organic Valley's small family farms protect the land and the plants and animals that call it home. Extraordinary. Sure is. Organic Valley.

Protecting where your food comes from. Learn more about their delicious dairy at ov.c.c.oop. You're listening to... What do we wait for? Well, what are you waiting for? One, two, ready, go. Action! In the Bester's Edge.

With Gary Kaltba. By the way, I can't help myself. Since July 5th, since Max Scherzer came back for the Mets, he's got a 1.36 ERA, DeGrom, 1.62, Basset, 179, Carrasco, 170, 2.36, William, 0.0. as John Vernon said, boy, the Mets's good. Crypto. So I read in the last few days that some big machas are getting involved in the crypto business. And I really have not looked into exactly what they're going to be doing. Opening up trading.

I don't know. Please be careful. Years ago, we said to you, 90% of the coins would drop. 90% of more with most going to zero. That is what has happened. It's not being reported. Every now and then somebody will say it, but not the way they should be saying it. 20,000 con artists came out with 20,000 coins hoping for the next Bitcoin. Most are at zero. They came out with a doji coin as a joke. It went to 70 cents. And you had people like must. and a bunch of others to this day

keep trying to tout it up without telling us how much they own and where they own it at it's seven cents and there's a few others that trade I don't know if there's a hundred coins that trade they're all so far down

they're still trying to make this like it's not a bubble it's a bubble the reason why Bitcoin and Ethereum are stronger than most, because there will be a couple that probably don't go away. But that's because it's owned big time by a select few that they cannot sell because they own too much. And they kill each other.

I just want you to be aware of that. I got emails because I guess Ethereum has not had a nice move off. the lows. The ETH has gone from 685 to 1465. That's a great move. Over a hundred percent off the lows of about six weeks ago. I hope you guys own it. From the lows, of course. It was 47 last November. You get counter trends because the market's better, a little more liquidity. Please be careful with your capital. I'm reading also on a daily basis a lot, exchanges and companies going out, shutting doors, holding your money. You should be Googling that if you are involved with this.

Our one interest, first and foremost, is to protect your capital whether you want to or not. And I'm just hearing a little bit look at Ethereum and how good it's been in the last few weeks. Bitcoin not as strong. The GBTC's gone from 12 to 15. So that means it's much weaker than the ETHE. These are things that track, not 100% but close. There's nothing behind these things except somebody playing a higher price. There's no earnings, no sales.

I've given you the little comparison slash analogy. if you took your dog for a walk and he did a you know what and somebody walked over and said I'll pay you five bucks sure next guy walks up to him and says I'll pay you ten sure next guy walks up I'll pay you 20 sure next guy walks up I'll pay you 50 hell yeah

next guy's from Wall Street walks up I'll pay you 100 goes back to his bosses and says we've got to do something with this they bring it public to trade on exchange. That's what this might as well be. It can be a leaf, a blade of grass. It's been beanie babies. It was tulip bulbs.

Again, I've told you a thousand times. Go read the book, Extraordinary Popular Delusions in the Madness of Crowds, just feeling a little bit too much excitement already. And as we say to you, we're not going to tell you what to do. We're not going to tell you what not to do. We're going to tell you what we think. And you get to decide. We're not here to force you into any decisions either way.

We just beg of you. Know what you're getting into. Know where it's come from. Know who's pushing it. Know who's touting it. See if there's an agenda. See if there's liquidity. And then close your nose, hold.

You get my point. Close your eyes, hold your nose and pray. From the stories I've read, that hasn't worked. So just be careful. I've yet to see somebody tell me, and this is the loudest of the touts, what values any of this? What backs it?

any of it. Nobody can answer it. And that's because they can't. So be careful. I really don't have much to complain today in the markets, just the commodities, which is not the worst thing in the world. Good to see when things drop.

So until tomorrow you have a great evening drive care for you. When you get home, do like we do. Quite simple. Make sure you hug your children. Have a good night. everybody. Bye-bye. 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.

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