Investor's Edge with Gary Kaltbaum - RESISTANCE! [04.30.2024]

Episode Date: April 30, 2024

https://garykaltbaum.com/

Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up or delivery.

Restrictions apply. See website for full terms and conditions. Investor's Edge with Gary Cultbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. I have told you this story once or twice before, but it bears repeating again. And we'll get into the markets in a few minutes. And yes, I'm Gary Kalbaum, and yes, this is Investors' Edge, serious talk.

on everything that I think matters to you and so many things. We're dead serious about it. We try to throw a little comedy injected, but right now can't. So here's a little story for you. I hope you don't mind. I think I was 14. Maybe I was 13. I don't think I was 15.

I used to travel the Florida State of Florida Junior Circuit for tennis. I was pretty decent. By the time I was 16, 17, 18, I was top 20 in the state. I was a decent college player, but that's meaningless. When I was 13 or 14, when we traveled, one of the places we used to go to, And there was these tournaments for the juniors, 12s, 14, 16s, and 18s with Sanesta Beach Hotel and Club. And very nice place down in South Florida. And a friend of mine, we went to this little restaurant, not part of the Sanesta Beach Hotel.

And we saw a sign, and we had no idea what it meant, but it said selective clubs. clientele only. And we went up and we opened the door and a lady rushes to the door. No, no, no, no, no, no. And we're like, what do you mean? No, no, no, no. You can't come in. Why not?

And we're thinking because we're too young, it's because my friend was black, selective clientele only. And then this woman looked at me and she said, oh, and we know what you are too. And I kind of laughed because at that age you're like, well, what? Huh? Huh? And I made some snide remark about, by the way, this is money whether you get my point. Let me read something to you. This is today.

This is today. Excuse me. This is from yesterday. at UCLA. Somebody was trying to walk into the library there. And a bunch of people with these yellow vests and masks, are you a Zionist? The person says, yes, of course I am a Zionist.

Well, yeah, we're not going to let Zionists in. That's in UCLA yesterday. And where are the UCLA people? Where are the police from UCLA? Well, here is a taped recording from a Jewish student to the UCLA Police Department. Are the protesters allowed to block students who are paying tuition from classes? The police say, no, but unfortunately they have taken over that area. And we have received a directive not to intervene.

The student said, so you're allowing the protesters to block the Jewish students. The police said, I'm not allowing it. The school is. Yes, this is quote, yes, the school is saying that they will not be removed at this time. We are not on satellite right now. so I cannot scream out a bunch of words. I would love to scream out. This is not a one-off.

There are videos after videos being pushed on to Twitter, to Instagram, to all those places. Of Jewish people and students being denied entry into their own school that they pay tuition at. One was punched in the face. One was tased. Where's Joe Biden?

Oh, he put out a memo. We're against this. And it's wrong. Not a crime. It's wrong. Oh, by the way, they're busting down buildings and windows and doors. and taking over buildings and not allowing it.

There are laws against this. Where's Joe Biden? Where's Gavin Newsom? UCLA, California, Gavin Newsom. Where's the governor of New York? Where is the mayor of New York City? What the hell is going on here? And you may just say to yourself, well, you know,

it's not a lot of Jews out there. It's Jewish people. you don't think you're next you don't think if you look the wrong way you're not next that these people would easily get away with this do you know they're supposed to be arrested indicted put on bond put in court and have jury trials for the crimes that these people are committing that when in two thousand nineteen seventy four i was pushed away from a little restaurant on Miami because my friend was black and I was Jewish and it's now 2024, 50 years later, and this is going on in plain sight and the authorities are doing squat about it.

They've stood down. You know, here in Florida, it ain't going on. The authorities took upon their authority to stomp on these. I can't use the word. I can't use the word. I can't use the word. You can go on Twitter and see the videos of these. I don't even know what to say.

And I heard somebody on TV, well, they're young, and screw them. They're 18, 19, 20. When I was 18, I was kind of knowledgeable. Yeah, I spent my time on the tennis court and the dog track. I was a very good handicaper at the dog track. But I know what hate was. I know what scum was. I know what dirtbag was were.

I know what racism was. I experienced it. And it's 50 years later. It's 50 years later. I don't know how or what. I'm going to be relentless on this. For Jews, for blacks, for Hispanics, for the young, for the old,

for the fat and the skinny, for the trans, for the LGBTQ, for the whites and the Christians, and the Sikhs and the Muslims, I'm going to defend every person out there. I've always thought we should have millions listening to this show, but we've never marketed the show, ever. We've just organically did what we did with no help. I may have to change my mind. mind because we have a message to send and in this moment in time we think a very important message to send it's now gone over the top and when you expect the authorities just to do their job and police the UCLA police department said we have to stand down regardless of students being blocked from their movement. Well, these scumbags are lucky

I wasn't one of those students right now because I beat the living crap out of them. And by the way, I've never been in the fight before. Ever. I've never been in the fight. Up next. Serenity now. But now the markets. Oi-Ve. This is the one only investor's edge. Hi, I'm Gary Kalbaum,

hosted a nationally syndic 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 complementary portfolio review. The number to call is 888-4-2-5-59. That's 8-8-5-59. That's 888-4-2-2-5-9. Investment Advisory Services offered through Call Bomb Capital Management. Hello, hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata. We discussed his vision for the future of quantum computing.

At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question. of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff?

Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology?

There will come a point when it will mature. Right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem.

To learn how IBM is building the future of computing, visit IBM.com slash quantum. Amazon Hub Delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub Delivery. You and your team will deliver Amazon packages to customers in your neighborhood

on a schedule that works for you, and you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits. Earn more. Gain exposure for your business.

Apply today at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Know a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program. Visit Amazon.com slash hub delivery to learn more or refer a partner. That's Amazon.com slash HUB delivery.

Now looking for hub partners in your area. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for storewide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more.

Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this is good. promises to be fun.

Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. Yeah, we may have to step up on this radio show. Get out there a little bit more. We'll let you know what we're thinking as we move forward. But by the way, we spend our day watching the market.

We spend our day really just trying to put the pieces of the puzzle together. we spend our day trying to protect capital first and foremost, everything else second. And we have prided ourselves and we don't pull any punches with any of you on being the best in the business when the bare markets hit. And the reason why we wanted to be the best in the business when the bare markets hit is because of something William O'Neill once said. at I think maybe the first or second seminar he did. And this is a little paraphrase but close to a quote. If you are one of the one-one thousands of people out there that are able to bypass bare markets, and it's not easy, but as best as you can.

In other words, if the market drops 40% and you drop two, that's pretty damn good. Starting March 8th, we didn't know what was going to come from it. We don't know what's going to come from here. We rallied up for the last week, but all we did was rally up into resistance. And what resistance is, how do I put this best? imagine let's see draw a little chart and start at a hundred bucks at the top and just draw you know five dollar increments down to 50 and 50 being the bottom and imagine you started a hundred and over a period of weeks you drop from a hundred up down to let's say 80 but then you rally up to 90

but never get to 100, and then you start rolling over from 90. What we call in our parlance, notice the big word, I think that's the right word, is a lower high. And then what we also have is these things called moving averages, and I know there's a bunch that won't understand this when I explain it, but just to explain it again, on that chart, all of moving averages, Let's take the 50-day moving averages, you add up the close of any entity. You add up the close of the last 50 trading days, and you get a number, and then you divide by 50. And what you get is a smoothed-out line. It's smoothed out.

It gets away from the wiggles and squiggles of the days. And as we have told you, if you break the 50-day moving average, as long as you stay below it, it's potentially trouble. And what we had recently is we broke it for all the indices, and we rallied up pretty decently last week, up towards and in some instances close to the 50-day moving average. And I'm not saying for sure we failed today. I'm not saying that for sure. And I say that because we have Mr. Bubble tomorrow. And God only knows what Mr. Bubble is. is going to stay or do. We have highlighted the insane asylum of the central bank with J. Powell, going back to Christmas Eve of 2018. That's how far. And we warned you about the guy,

and you know what happened with inflation and how wrong they were and how late they were. I don't need to go over those things. So maybe tomorrow, but all we can tell you today, as price moved towards that first resistance area. There was some news today, but it's not the news. It's how markets react to the news. At the close today, the Dow was down 570, the S&P down 80, the NASDAQ 325, and they really rammed the NASDAQ down late in the day. NASDAQ 100 down 342, transports down 304.

we've been highlighting the transports for you as terrible action while the semis have rallied up a little bit. Advanced declines were miserable and just, it was a gross day. They also got the oils and they also got the gold today. They got oils and gold today. oils broke what I would suggest was a little bit. They were rallying, made a high, came down, and looks like they made a, that secondary, that pullback, looks like it's starting to break off of that. Gold today broke the 21-day moving average. As we told you, we own gold, we sold gold today, just by rule.

and I must tell you I'm not so sure we want to and you never know what Powell does tomorrow that'll change that but we live and stick by certain rules and that is one of them it got us out of the S&P starting at the high

and then the break and we got us out of technology on March 11th for the most part except for meta we lucked out on that and the market just some serious distribution today at the close. I don't know what else to say. You know what was strong today.

And this is not a joke. This is not sarcasm. The Drug Enforcement Agency is now going to classify marijuana as a less dangerous drug. So the marijuana stocks really went on the move. And keep in mind, this has been pressured by our president because the young vote has left him. So he thinks that the young will be happy that marijuana is less of a dangerous drug all of a sudden today. So pander to the young, even though he doesn't know that a lot of the young have pushed away from drugs and alcohol. I don't know if you know this.

That is true. But by the way, using weed in any form is linked to a 42% increase in risk of a stroke. But don't worry. And what they do, they have declassified it from the same classification as, I believe, heroin? I think marijuana and heroin were in the same classification. I think that's true. Go check that, but I'm pretty sure. So marijuana was strong today.

Yay, which means we're going to have a bull market in Doritos and burritos and macaroni and cheese. because the munchies and away we go. That was a little sarcasm. Maybe. So very rough day today. We have yet to do our scans, but I know what we're going to find. Up next, we'll tell you what we think we're going to find.

And then an interesting aftermarket. I'm Gary. This is the one-only investors, Ed. Hello, hello. I'm Malcolm Gladwell, host of SmartTor. talks with IBM. I recently spoke with IBM's new director of research, Jake Mbeta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with

quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM, because because you kind of need to have a legacy of building stuff. Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology?

There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Want to earn extra income for your business?

Amazon Hub delivery is looking for ambitious business owners to assist with local deliveries. When you become a partner, you and your staff will deliver packages to customers in your area on a schedule that works for you. With each package delivered, you'll gain extra income and exposure for your business. Plus, Amazon Hub Delivery makes it easy to get started.

There's no upfront costs, delivery experience, or long-term contracts required. Sign up to learn more at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Hey, it's Ryan Sechrest for Albertsons and Safeway.

It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor, auraida, silk, Capri-San, Bavarian Meets, and Charmin.

Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply.

See website for full terms and conditions. We're listening to... America is talking. Investors Edge. He's got to be pleased with that. The crowd is just done it. with Gary Colbomb. It comes highly recommended.

You're going to feel better if you talk to him. So, again, with the caveat, we got Mr. Bubble tomorrow, but it looks like the market is going to trace out a lower high. And now we have to watch the sea. And you got some territory there, whether it's going to take out the low of April 19th. last Friday. That we'll see. And remember, we have told you about the example of July to last October three legs down. That would mean you go to a low, you rally up some, you take out that low, you rally up to a lower high, and then you break that low, and then you put in the bottom.

We'll see. Beats the hell out of me what happens tomorrow, and as we always tell you, I have no clue about tomorrow, but I do have a clue about earnings. So Amazon and I don't know what happened late in the day, but I will tell you at about 350, they just beat the living hell out of

NASDAQ. Beat the living hell out of the NASDAQ. From 350 to 4 o'clock. The Dow swoon more, but just so you know, I'm not making this up. From 350 to 4 o'clock, the NASDAQ went from 15797 to 15657, 140 points in 10 minutes. That was an Aunt Mary and Uncle Bob.

So Amazon, so they took that down, they reported, guidance they actually lowered, Amazon was down six on the day, but is up four bucks in the aftermarket, four and a half, showing down $1.60 for the whole day as of this second. I can tell you flat out, it has moved 7, 8 bucks up and down over the last few minutes on earnings. It's starting to settle down. Super Micro, SMCI, is only down, was down 31 on the day, closed at 8.58. I'm showing about 841 in the aftermarket, which is make it down 49 on the day. but I got to tell you a few minutes ago it was down 90 on the day

and then after that it was down 10 on the day now it's down 49 this second so they reported two and they're not unimportant and they've moved SMCI moved in video around and video which was holding up all day today at 350 was 873 and closed at 864

I got it down another four bucks in the aftermarket so that's 17 on the the day. But again, let me repeat, a lot of this is going to change as everybody's going to be yapping. What has not changed is AMD. Close down a buck 82 today. I have it down five bucks more in the aftermarket, which gives it down almost seven on the day to 153. So that's a big matzo ball. And AMD has been a weak semiconductor versus a strong ones recently. So those are the three big ones and let me just state for the record they are moving like a you know all over the map and where it stops we don't know we have not read the numbers yet i'm looking to see if anybody else reported

Starbucks down whoa eight and a half dollars in the aftermarket to 80 bucks down nine 9.6% and as we have told you at Starbucks we used to get I'm off the espressoes right now and for a long while but we used to get espressoes

with a breakfast sandwich and it used to be $699 maybe even a little less it is now $9 to $10 depending whether you're in Florida or New York City I don't know if that's what's doing it beats the heck out of me

but damn Starbucks is getting there. You know what's beat in the aftermarket. We'll see how that plays out. That has been the bare market for a while. In a group, that's been pretty much on the bullish side. Chipotle, Kava, Domino's, Wingstop, Texas Roadhouse, Sweet Green, Shake Shack just held the 50-day. Starbucks ain't happened.

You know, another one that's been just crumbled? Cracker barrel. I love their stores. They have all the old candy. You know the old candy like liqueamade and the straws with the sugar in it? I'm not saying I have that anymore, but they have all that stuff. Anyway, Cracker Bell stock has just been bludgeoned over the last year. And anyway, we'll see aftermarket.

Amazon's a little bit higher now, only down 75 cents on the day after being down six. and Vida is down five bucks SMCI is only down 39 now two minutes ago was down 49 AMD getting the snot beat out of it can I say that?

Yeah I guess I can and it was a very very very gross day and a gross ending of the day I was looking to see was there any news at 350 that the market just got

slapped in the teeth after you know into the last 10 minutes and the answer is I saw nothing. In fact, no news came out. And that's that. So we'll have some wildness from three names tomorrow morning. We'll see how it goes. I forgot to mention Microsoft, didn't I?

I have to tell you. So on Friday, Microsoft has this nice gap to the upside at if my screen works I'd be real happy it hit a high of 413 that day but closed the day at 405

and change and I noted that for you and I'm like wow that's not great it closed yesterday at 402 it was down 13 today and remember that big reversal day of meta it's at the low of that day now

And they reported what looked like pretty damn good numbers. So I got to tell you, I don't know what's going on there, but I'm glad I don't own any Microsoft now. And I must tell you, I sold it and went up afterwards, and I was like, damn, I've changed my tune. Tesla, everybody was talking about it yesterday, down 12 today. Remember what we said? Logic. First off, their numbers have been bad. and the stock is going to move up on robotaxies in China?

Well, it gave back almost 11 today, and it's down another buck and a half in the aftermarket. Tesla. So not a lot of good news for you today, sorry, except if you own weed. And let me tell you, a couple of weed stocks, I'm going to give you one, CGC, 78%. And by the way, the move started at 1 o'clock when the announcement came. 78%.

The question is, are more people going to smoke more weed just because the DEA said something? Interesting, huh? Because they're moving up, I think, based on that, but a good question. Hey, you weed smokers out there, you're going to smoke more weed because the DEA said something. Did you care? You were already smoking weed before when it was a level three drug. now it's going to maybe be a level one. I just try to ask questions,

ladies and gentlemen. And then close my eyes, hold my nose and pray. So that's a little bit of the market today. What else came out today on the market? I mentioned the oils. Oil's got hit hard. Commodities got hit hard. Argentine banks are strong.

They have this new guy in there that's a Reaganite. And he's getting rid of debt and deficits and lowering taxes. What a concept. Interesting. economically sensitive. Transport's down 304 today. We'll see. We've always been a big believer that the market has some pretty big wide ears

and good understanding of what's going on out there and just letting you know a lot of the economically sensitive stocks smoke Caterpillar down 15 today. They gapped it down on earnings. They bounced it for two days. They trashed it today. By the way, down on heavy volume. up on low volume down on heavy volume today. We're standing our test of time again this second. We just have no idea about tomorrow and what the longevity of this little correction, whatever else you

want to call it, decides to give us. And again, I have yet to do my scans. But as I look, and I'm looking, they didn't, except for marijuana and some stocks. There's a few names, Eli Lilly, up 43 today. When you hear a company say, we can't make our product fast enough, it's usually good news. Up next, whatever else, thanks for being here. This is the one only investors edge. Hello, hello, I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's Chairman and CEO, Arvin Krishna. And I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to them, pick areas you can scale.

Don't pick the shiny little toys on the side. For example. If anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind it. If anybody is not using AI to make their developers who write software 30% more productive today, with the goal of being 70% more productive. Yeah. Wow. So we are not asking our clients to be the first experiment on it.

We say, you can leverage what we did. We are happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology. It's getting people to accept that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks. Amazon Hub Delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub

Delivery. You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you, and you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits. Earn more. Gain exposure for your business. Apply today at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Know a local business that will make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it.

Refer a business today and earn $500 when they successfully join the program. Visit Amazon.com slash hub delivery to learn more or refer a partner. That's Amazon.com slash H-U-B delivery. Now looking for hub partners in your area. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stock up savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor, or Ida, silk, Capri-Sung, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store.

or online for easy drive up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action!

In the Wester's Edge. With Gary Culper. But da-da-da-da-da-da-da-da-da-da-da-da-da-da-da-da-da-da-da. Duh. You know, Rush. Neil Perk passed away and they're keeping to their word they're not touring again. They played a couple of things

for a charity or something but it doesn't look like a tour. I got to tell you, Mick Jaggers touring, he's 80. Have you seen the video of him? I guess they started out in Houston running down the stage. I saw him, I think it was two years ago at Wimbledon. Yeah, at Wimbledon, we were at Hyde Park. We saw him in two nights in a row, the Eagles and Rolling Stones. How about that for two nights in a row?

And I'm watching Mick Jagg. I see it was 78 then. And I'm thinking to myself, okay, okay. That's something to look up to at 78. The dude was just energy. Energy. Unbelievable. And how Keith Richards is still alive is beyond me.

You can read his story. see what I'm talking about. Anyway, the big news of the day, weed is going to be less of a drug as they say. Yeah, great, thanks, fun, whatever. And the market just probably a lower high here into the Fed tomorrow. And again, who knows what he says tomorrow? We don't. And leave no doubt they can affect markets, but listen carefully, if the market wants to go

lower. It's going to go lower, regardless of what he does. Maybe he can get a bounce. Maybe he can get things stopped for the second. If the markets want to go lower, they're going to go lower no matter what. And what happened today, the 10-year yield 4.686, up almost in about 0.72. They're at 5.5. everybody's hoping he lowers his interest rate tomorrow. I don't think it matters. Maybe to the market for the short run, if he goes to five and a quarter, you're still 4.686 on the 10 year.

You still have mortgage rates at 7 half. He's not going to affect those. He's not going to change those. You know, I said on TV today, I just think they're overrated. So what? What do they do? And if I, if I, you know, we do three, four minute hits on TV. If I had a 20 minute hit, the story would be, what does the central bank do for us?

Can any of you name one thing that they do for us? Anything. Name one thing. I can't. Not a thing. Speaking of central banks. Janet Yellen. She's our Treasury Secretary now. She's been part of the Central Bank since the Maniac Bernanke started the easy money and the printing money. Janet Yellen.

Out of nowhere today, she said she's worried about the debt and deficits. Really. She's part of the Biden administration and gave the stamp of approval. on what? Massive debt and massive deficits. Beyond the beyond. Beyond the beyond. But now she's worried. She enabled the massive debt and deficits with zero percent and easy money.

People got away with it. But now she's worried about the debt and deficits. We've been worried for 10 years. Oh, but Gary, it's been 10 years. Yeah, well, they've just cut another credit card with a higher credit limit to pay for the last one. That's all they've done. So now Janet Yellen all of a sudden is yay, yeah, yeah, yeah, yeah. She also said, hmm, people generally are better off despite price increases. Generally people are better off. And as I say, if these elitists get out,

instead of their butler buying their food and their driver driving their Bentley and filling up the tank, maybe they need to go out and see exactly what's going on. Maybe that would be a good move because in my hands I have a party-sized bag of laged chips. They call it a party side. By the way, I don't eat chips, but I bought a bag, and I have it in front of me. You may hear it. You hear that? I'm letting you know the party size is now 12.5 ounces, it says.

I'm pretty sure the old party size was 16 ounces, but you're actually paying either the same price or a higher price for those chips. Just letting you know. I doubt they pay for their health insurance. They get it from the government. Have you seen your health insurance? Mine just went up another 10%. Florida Blue, and they sent it in this nice package. Thanks for trusting us with your health plan needs.

We work hard to provide you with quality coverage and to keep your costs as low as possible. Plus, as a member, you can take advantage of a lot of services and money-saving tools. But starting, they don't say but, starting July 1,000, the new monthly premium for your blue options 512-250-250 is, I'm not going to mention it, but it's up 10%. Oh, wait a minute. Obama, he told us our premiums would go down. And he had the media back him, even though he tried to tell us we're going to get rid of pre-existing conditions, that's number one, which automatically have to make costs go up. And number two, we're going to put millions on insurance.

Oh, he lied. Oh, and go look up Jonathan Gruber and his video stating how the administration lied about Obamacare. But it's the greatest thing ever. And that's our story of today. On course. And yelling, that cares. Yippie, yay, yay. Hey, everybody, you'll have a great evening and drive carefully.

I may have to post the first 10 minutes on line also because we mean business right now. And when you get home, make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise. Serenity now, all. Peace out.

Until tomorrow. Bye bye. This has been Investors Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Hub delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub delivery. You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you, and you'll be

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