Investor's Edge with Gary Kaltbaum - Risk Management!

Episode Date: June 20, 2023

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

At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at CVS.com or just come by our family. store. We can't wait to meet you. Store hours vary by location. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Coltbaum. And look once again to Investors Edge. I'm Gary Colpom,

your host. A thanks of being with us today. Glad you hear, ladies and gentlemen, happy that you are listening. It is the 20th of June, 2003. Gary's back travails continue, but much less of a pace. Thank you. We're over a thousand emails on my back from all of you that have their own back problems. It's amazing. I had no idea. Just so you know, Thursday night was the last time I had the major knifing sharp pains. I still have the little pains that usually leads to the knifing pains, but haven't had any sense. So just letting you know. And anyway, we thank everybody here. Next time I have an ailment, I'll just mention it a few times and get a lot of emails. Anyway, I appreciate all you.

Hope you had a good three-day weekend. We are back. Just a little scheduling, Adam Sarhan, my good friend, and does a great show. We'll be doing the show on Thursday. I have, guess what I'm doing Thursday? Physical therapy. I'm first meeting with a back.

Don't take this the wrong way. He's a surgeon, but he's one of the premier back people, and he's going to take a look just to see what's going on. And afterwards, I have physical therapy with people that handle professional athletes to look things over also, because we ain't screwing around, ladies and gentlemen. Okay. So, we promise you in a few minutes we're going to do markets. But as you know, we love talking about what we think about.

And as you know, I have given myself the moniker. Mr. Logic. Why? I'm very logical. Our thought process has no bias, agenda, ulterior motive, and we're talking about anything out there, including politics. You know where we stand on everybody. We have one simple model. They all suck. And they've proven us right. But that's in a couple of minutes. The first thing I want to think about and talk about, and let's say. just pray and hope that they are rescued and they are found alive. You have been watching in real time how one of these submersible submarines went to see the Titanic and it's a small vessel.

I believe 250,000 a person to go. I'm reading that two of the, a billionaire and his son and another multi-zillionaire are out there and whoever was running it. And again, let me say up front before you get P-Oed about what I'm going to say. Let's just pray and hope they are found and they are alive. But I'm just thinking to myself, you know how we have said to you, risk management, risk management in anything you do? How many times have we said that to you? How many times have we said to you, have I said to you, you know, I'm never, ever

going to jump out of an airplane with a parachute? I'm never going to do it. I don't care that 999,99 of them land safe. I'm just not going to do it. That's risk management. I've also said, I told you, there was a few years ago, I saw a guy crossing I4. Now, I4 is this interstate that goes east, west, south, it's south to north,

East to West kind of sort of go look at in Florida. It's a highway. I saw a guy crossing it. I guess his car got shut down and maybe not have a phone instead of flagging somebody. He crossed the highway. Luckily, he was not hit. He did not have any risk management. And all I'm thinking to myself, this submersible, it's a small submarine.

And there's one toilet, fits very few. You know, there are a lot of people that have claustrophobia will never go in that. But I wasn't thinking that what I was, and by the way, in order to go down to the Titanic, this is what I'm reading, two to two and a half miles down. First off, you know what kind of water pressure that is as you go lower and, oh my God, but I'm thinking to myself, only one thing, they went by themselves. They did not have a second vessel along with them. And by the way, it's pretty short, it's like a couple of hundred miles from shore. in you never know what kind of weather the sea out of nowhere. It's like it's off of Canada.

Oh yeah, right, it's the summer. They had no fail safe, no backup, nothing. And unfortunately, odds favor, I guess I'm reading running out of hours. That's all I was thinking about. There were a couple of billionaires on there who made their money, I think, with some logical business decisions, logical risk management decisions. And that's all I was thinking about today. First thing was, I hope they're found and I hope they're alive. But my second thing was, where the hell was the risk management?

How do you not have a second, even a third vessel alongside you? Just in case. That's number one. And don't get P-Oed for me for thinking that way. It's sound thought process. Next. So we've told you so. We told you that we believe Donald Trump is guilty of obstruction.

And maybe some other things. in this indictment. But we've also told you if Donald Trump was friends of Washington and he was a Democrat in a Democrat Justice Department, it wouldn't even have been investigated. The only reason they're saying they're investigating Biden right now is on documents is because they did it with Trump, but they're not going to hold him with anything and not going to hold Pence with anything. They've got to, you know, knock that off.

Hunter Biden, five years of investigation, two tax violations that are minor and some gun violation, which should be major, and no jail time. Do I really need to say more? Do I really? And by the way, announced the week that Joe Biden is going on the campaign to be the the president again for another four years. Do I really need to say more? And of course, the media, those suck wads of lying biased crap, I shouldn't talk that way,

but I'm mad today. The media is trying to con you again by saying, oh, but it was a Trump appointed so-and-so that was part of this, really. what does the Trump appointed so-and-so have? Oh, that's right, he has a job. What would happen to the Trump appointed so-and-so's job if he went to the Justice Department and said, we need to indict him big time?

Oh, he would not have a job. Thus the con. So just letting you know, rules for thee, but not, for me. He's gotten off with nothing. He did not report and pay taxes on over $1.2 million. He finally paid it when he was caught. What do you think would happen to you? Just ask yourself that little question. What do you think would happen to you if it was you go look what they did to Martha Stewart by the way they did it to Martha Stewart to Martha Stewart to set an example but what do you think would happen to ordinary

you and I what do you think so just letting you know the great con now the debt ceiling deal is off the off limits now to the media it's already been dropped we're gonna have it up to a two trillion dollar deficit year, that's dropped. The president who says he's done a wonderful job lowering the deficit, but he's going to run the greatest deficit in history. That news is dropped, and the con continues. Up next, I promise the markets. This is the one to 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, 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 888-4-2-5-59. That's 8-5-59. That's 888-4-2-4-2-2-5-9. Investment Advisory Services offered through Call Bomb Capital Management. 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're 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. Ever feel like your bedroom's running out of space? Here's the good news. You don't have to sell your favorite things to make space. With IKEA bedroom storage solutions, dressers, wardroves, full closet systems, even storage boxes. You can hold onto it all. Your vintage banties? Keep them.

Those limited edition sneakers? They stay. And yes, there's room for your childhood teddy bear too. Need to organize a walking closet? The Pax wardrobe lets you customize shelves, rails, and compartments, so every item has a home. Too many clothes and not enough drawers! The Stork Lint has six-door dresser is perfect for denim, sweaters, and everyday essentials. And, if the kids are taking over your space,

TroFass storage boxes make sorting toys and art supplies easy and clean up fun! From primary suites to playrooms, IKEA has storage options that adapt to your life and help you keep what matters most. Don't sell anything you love. Store it instead. Shop IKEA Bedroom Storage today at IKEA.us slash bedroom storage. This is Sarah Spain from Good Game with Sarah Spain, brought to you in part by Vital Farms. Let's talk eggs. Vital Farms pasture raised eggs, to be exact.

My favorites, the only kind I've got in my fridge. No joke. And here's why. These aren't your average eggs. The hens live on open pastures with fresh air and sunshine all year long. They forage on local grasses and stretch their wings. They're living their best. life. That care really shows in the taste. I love mine scrambled with a little butter or whipped up

into a fancy frittata. And here's something most people don't know. You can trace your eggs back to the farm they came from. Seriously, side of the carton, you'll find the farm name. Type it in at vitalfarms.com slash farm, and you'll get a 360-degree peak at the pasture. Plus, Vital Farms is a certified bee corporation, which means they're committed to improving the lives of people, animals, and the planet through food. Eggs you could feel good about. So next time you're in the store, look for the black carton in the egg aisle and visit vital farms.com to learn more. Vital Farms. Good eggs. No shortcuts. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming.

With Gary Coltbaum. It doesn't get better than this. So let me tie a bow around Hunter Biden, who by the way, I got nothing against the guy. I don't know him personally. And I know there's been all kinds of reporting. And you know what? Just so you know, we don't wish bad on anybody except, well, I guess you can call him a criminal. But you know what I mean by criminal, criminal? Tax evasion, go to jail.

But, you know, that's somebody that's not affecting your life like somebody that attacks on a subway and does it again a second time and doesn't get bail in New York. city type of thing. So whatever happens, we're just letting you know, don't piss them off. That's all I can tell you. It is a system that is not, they're calling it two tier. I call it three, four, and five tier. And as you know, there's been so much corruption and insider trading in Washington, D.C. By the way, you can go look it up. you can go look up the trades of these congressmen and women and senators that traded, get this, before COVID, right when they knew about the vaccine, so they bought, I can go on and on about just criminal activity that for them is not criminal. And that is what we're dealing with.

And by the way, I consider the fact that they have now put. this year, they are going to spend $2 trillion up, just about $2 trillion more than they're taken in. They should go to jail. All of them. They really should go to jail for this. And I blame the media just as much because Biden's still out there, and he's still tweeting, oh, I cut the deficit $1.7 trillion,

when we all know it was from COVID spending, and he's going to run the biggest deficit ever. and this is all part of the con. And just remember, their power is their spending. That is their power, their ability to spend. And by the way, I keep getting asked about the market. Don't you think part of the market and economically sensitive in infrastructure, stocks doing better?

Two trillion. They just raised the size of government from $4.4 trillion the year before COVID. I believe we're at about $6.6 trillion now. So this all, you just connect all of it. You got the son of the president that just gets off. That just gets off. And then they're like, why you're all pissed off? Why are you mad?

What did we do? Oh, tax evasion. No big deal. I know people that did one ten. of what this guy did, and they were hurled through the wringer. Their lives turned upside down. I don't care if you're Republican, Democrat, I don't care if you're the Whig Party.

Independent does not matter to me. You should give a crap, and let me tell you why. Wait till the Republicans one day have the White House, the House, and the Senate. Wait till you see what they do to the other side in retribution. They are going to come down like a ton of bricks on the other side, which I completely disagree with, but oh, they're going to. Welcome to this world, ladies and gentlemen. My motto stands, I have never been more optimistic on most of us. You know, the 160 million of us that wake up every day going to work trying to do better for ourselves and our families, I have never been more pessimistic on all of them. Minus a couple that just stood out.

Wish I'd better things to tell you. And my Mets are terrible on top of that. All right. The market wrap is brought to you. by Investment-Dashmodels.com. That's Jim Rohraback, one of the great market timers. No gray ears with the man you're either in or out of the market with his proprietary indicators.

Go check it out. Investment-dashmodels.com. So, mid-last week, we simply said to you that it is pretty much close to the most extreme bullishness we have seen in a very long time. On top of that, the NASDAQ, the NASDAQ, that tech area is about as stretched from its norm as we have seen in a very long time. And what do we mean by stretched from the norm? Just a certain amount of price move in a very concentrated period of time, away from where

it usually trades. In other words, imagine if you drew a line from 8 p.m. on a clock to 2.000. 2 a.m. on a clock. Draw that line. And then all of a sudden, straight up. Now, it's not that accentuated, but a lot of these NASDAQ types, that's what they have done.

Very concentrated, but we've had a move in this AI, the artificial intelligence, software, and other things. So that combination, we just said to you, pretty much often leads to some sort of pullback slash consolidation, which should not be a big deal. So today, Dow down another 245, wait, wait, wait, wait until I'm done. S&P down 21. NASDAQ down 22, NASDAQ 100, down 13.

Tesla, Tesla, up 14. Our number one stock, Nvidia, up 11. By the way, this is with the Dow down 24. Facebook, up three, Netflix, up two. So the NASDAQ only down 22, NASDAQ 100, only down 13. Advanced declines, though, with 1527, meaning it was a concentrated day. And what's the story with Tesla? Ever since it was announced that GM was going to use their charging stations, I mean, it's been in Fuego.

Well, guess what came out today? looks like maybe Hyundai also. If you look at the charts of Tesla's selling of autos, they're not good. If you look at the charts of pricing on those autos, not good. But you have another component entering this thing and the shorts, no doubt, are covering also.

And they were just in there all day. And that was meaningful today. between Facebook and Vidi. By the way, Apple on a 240 down was flat. Google, they couldn't sell that off. Now, there were other things that were down, but some of the things that were in the trees were down. And when we mean in the trees,

we mean some stocks because of artificial intelligence, just going vertical. We just continue to believe Nvidia number one stock, but Tesla in the near term may be supplanting it. Up next, more in these markets and whatever else. I'm Gary. 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 that. Big 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're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology,

is 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. Ever feel like your bedroom's running out of space? Here's the good news. You don't have to sell your favorite things to make space. With IKEA bedroom storage solutions, dressers, wardroves, full closet systems, even storage boxes. You can hold onto it all.

Your vintage band teas? Keep them. Those limited edition sneakers? They stay. And yes, there's room for your childhood teddy bear too. Need to organize a walking closet? The packs wardrobe lets you customize shelves, rails, and compartments, so every item has a home. Too many clothes and not enough drawers. The Stork Lint has six-door dresser is perfect for denim, sweaters, and everything.

everyday essentials. And if the kids are taking over your space, tro-fast storage boxes make sorting toys and art supplies easy and clean up fun. From primary suites to playrooms, IKEA has storage options that adapt to your life and help you keep what matters most. Don't sell anything you love. Store it instead. Shop IKEA Bedroom Storage today at IKEA.us.combedroom storage. This is Sarah Spain from Good Game with Sarah Spain, brought you in part by Vital Farms. Let's talk eggs. Vital Farms Pasture. raised eggs to be exact. My favorites, the only kind I've got in my fridge. No joke. And here's why.

These aren't your average eggs. The hens live on open pastures with fresh air and sunshine all year long. They forage on local grasses and stretch their wings. They're living their best life. That care really shows in the taste. I love mine scrambled with a little butter or whipped up into a fancy frittata. And here's something most people don't know. You can trace your eggs back to the farm they came from. Seriously, side of the carton, you'll find the farm name. Type it in at Vital Farms.com. com slash farm, and you'll get a 360-degree peak at the pasture. Plus, Vital Farms is a certified B Corporation, which means they're committed to improving the lives of people, animals, and the planet through food. Eggs you could feel good about. So next time you're in the store, look for the

black carton in the egg aisle, and visit VitalFarms.com to learn more. Vital Farms. Good eggs. No shortcuts. Just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. And by the way, if you are wondering, what does all this have to do with you and your money

when I bring up Hunter Biden and things like that? Or the submarine. First off, the first part, the submarine risk management. Number two is, these are the people running us. These are the people putting us into massive debt and deficits. These are the people that cause the inflation. These are the people that cause the bubbles and the crash in the bubbles. These are the people that caused the housing crash in 08.

Oh, and there'll be another one coming. I can go on and on. These are the people that are taken over our lives in ways unimaginable. These are the people that just got off a son of the president, basically scot-free on things that average individual, would have not. That's why. That's all.

And by the way, I tweeted, this is amazing, people. I had tweeted that, um, I'm happy for Hunter Biden. I hope he learns a lesson. But, and one person emails me,

oh, mad, how can you be happy? How can you be, like, dude, sarcasm. People, it's like Sheldon Cooper cannot,

uh, understand sarcasm on Big Bang Theory. I'm happy for them. Couldn't care less. Anyway, we just believe in telling you these things because they do matter. They do matter. The rules for these people, there's no rules. Rules, what's rules? We have to follow them. They don't. Go get the book. Throw them. Throw them. All Out by Peter Schweitzer. Go get the book. Go read the book.

It's a little dated and goes over a bunch of the acts by politicians from years ago. I think it's maybe seven, eight years old. Go get the book. It's on Amazon and read it. And I think he's also done a book on the Clintons, that the greatest influence peddling machine in the history of time.

Anyway, we move on. So when we say to you, we think NVIDIA is the number one stock in the market. That doesn't mean it goes up. We're dealing from the here and now and just stating that this is where the strength is lifting up the market. What do we mean by that?

The Dow is down 245 today. That's a big drop. leading down Boeing, which was setting up to go higher, I guess Airbus won a contract that maybe they were vying for, and was down 760. Normal. Caterpillar pulls back four after this recent rally. Microsoft pulls back five needs to. Nike down four, well, that's been the bare market.

I can go on and on. But throughout the whole day, they're rallying, NVIDIA. that's what we mean. We mentioned right as we went to break, Tesla near terms probably the number one stock right now. What do we mean by that? As the market was dropping, it kept going up. And it's up another two in the aftermarket.

And it doesn't matter that it stretched and extended to the upside. When they get moving certain things, they get moving certain things. And then you can see Facebook, Less so, but kind of sort of the same. Housing stocks, very strong. They had housing starts today pretty darn good.

That's what we mean by that. And what we just try to do, I have to tell you what we were hoping for today. Another 150 point drop in the NASDAQ. And I was tell you, the NASDAQ early in the day hit 13-5-6-1. was down 120. But guess what? These select few names said,

uh, and not happening. But as we do our scans tonight, Adobe was down 10. After a big gap up on Friday, finished poorly down another 10, so it tells us something. And I don't need to name all the other names

that were down today, but there was a, there was some decent drops in certain names. And what we're going to do tonight gauge, but we can tell you safely as we walk into tomorrow. There's some of the select few biggies. Man, is the best way I can put it. Now, let me give you the other side.

See, we're very ambidextrous here. So as I do a radio show slash podcast, we're actually scanning. What I have is Market Smith, and I just press a button to play. and every one second it goes to another stock, and if I need to stop, I just click to look at the stock. I can safely tell you, listen up, gold and silver continues to not act well. Consumer staples continues to not act well.

I'll throw tobacco in there, because we usually mention food, drug, beverage, household products, but then really tobacco is in there too. energy stocks most all there's a couple that stand out they ain't in bull market a lot of the retail remains crappy and by the way how are we able to say this to you because after we had that move on June 2nd where we said to you the rest of the market woke up that didn't mean things turning bullish for the rest of the market, mean it woke up and stopped going down.

Well, what are we able to do? On a couple of down days, we are able to see what's already getting in trouble. What's already got bad technical picture, rallied up into resistance or moving averages and already turning down, getting distributed, which means selling on heavy volume.

So we're just naming these things. Individual names, a Starbucks acting terribly. Skechers, which has been a strong retail, broke the 50-day moving average today to the downside. The managed care, and I say that United Health was up 11 bucks today in the Dow, which actually, if it was flat today, we'd be down over 300. But it's just a bounce in a bare market. So like a lot of these managed care stocks, and then underperforming, not necessarily getting smoked, hotels. But airlines are better than hotels. And cruise lines are better than airlines.

So we're already on two days down, it's what we call culling weakness, CUL, meaning we don't own them, but in our mind, we're knowing, oh, they're remaining bearish and nothing to do there. And they were found out after only two days down, after rallying up some. So this gives us the opportunity to take out our measuring stick.

And as we scan, that's what we're finding. I can also tell you, solar stocks had a real bad day today. anything that was strong got hit and anything that wasn't strong really is in bad shape. Remember, N-F-Z-N-P-H, it was one of the strongest stocks in the market, brutal bear market. Solar Edge, SEDG, down $22 today. And other names getting smacked around. China, starting to roll over badly again.

And never really got going, rallied a little bit with everything else, as we said, but already rolling over. And as I go through the China names, uh-oh. Now, what's emerging? You're ready for this? I'm actually going to say this. Crypto? No, really. Go look at the GBTC,

which represents Bitcoin, and go look at E-T-H-E. Ethereum. Two big days in a row. Bitcoin's stronger than Ethereum. Now, I don't know what that means. I don't even know why what lifted them up. I couldn't care less.

Just letting you know, am I buying them? I ain't buying them. But I thought it worth mentioning. Up next, whatever else comes to mind. I'm Gary. This is the one only investors edge. 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're happy to bring out all our learnings, including what needs to change in the process,

because the biggest change is not technology, is 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. Ever feel like your bedroom's running out of space? Here's the good news. You don't have to sell your favorite things to make space.

With IKEA bedroom storage solutions, dressers, wardroves, full closet systems, even storage boxes. You can hold onto it all. Your vintage band teas? Keep them. Those limited edition sneakers? They stay. And yes, there's room for your childhood teddy bear too. Need to organize a walking closet?

The Pax wardrobe lets you customize shelves, rails, and compartments. so every item has a home. Too many clothes and not enough drawers. The Stork Lint has six-door dresser is perfect for denim, sweaters, and everyday essentials. And if the kids are taking over your space, Trofast storage boxes make sorting toys and art supplies easy and clean up fun. From primary suites to playrooms, IKEA has storage options that adapt to your life and help you keep what matters most.

Don't sell anything you love. Store it instead. Shop IKEA Bedroom Storage today at IKEA.us slash Bedroom. storage. This is Sarah Spain from Good Game with Sarah Spain, brought to you in part by Vital Farms. Let's talk eggs. Vital Farm's pasture raised eggs, to be exact. My favorites, the only kind I've got in my fridge. No joke. And here's why. These aren't your average eggs. The hens live on open pastures with fresh air and sunshine all year long. They forage on local grasses and stretch their wings. They're living their best life. That care really shows in the taste. I love mine

scrambled with a little butter or whipped up into a fancy frittata. And here's the same. And here's something most people don't know. You could trace your eggs back to the farm they came from. Seriously, side of the carton, you'll find the farm name. Type it in at VitalFarms.com slash farm, and you'll get a 360-degree peak at the pasture. Plus, Vital Farms is a certified bee corporation, which means they're committed to improving the lives of people, animals, and the planet through food. Eggs you could feel good about. So next time you're in the store, look for the black carton in the egg aisle, and visit VitalFarms.com to learn more. Vital Farms. Good eggs. No shortcuts. 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 Culpa. So notice what we just did there. Notice how

We're already telling you, by the way, FedEx report, it's down five bucks in the aftermarket. It was down 10, it's down five. What we're able to do? There's two, we have all kinds of mottoes and words and lines and stuff that we invented we came up with but we borrow from a lot one of my favorites by the way Stanley Drucken Miller which came from Soros whatever he likes putting all his eggs in one basket and then watching the basket very carefully in other words not over diversifying and where

they made big money is where they were really sure things and they really and they ended up being right the other one is Paul Tudor Jones one of the greatest hedge fund managers who once said I know plenty of hedge fund managers that have a much better record percentage-wise in picking, winning stocks versus losing, but I kick their rear ends. It's what I do with my losses that matter most. He handles them very well. Others do not. Two of the most important things, two of the most important lines we use and have mentioned

dozens of times with you, it's easiest to isolate weakness when the market's strong. it's easiest to isolate strength when the market's weak. If 97 stocks are going down and three are going up, it's easiest to isolate those three. If 97 are going up and three are getting whacked, easiest to isolate the weakness. Well, another part of that equation, in a strong market on the down days,

it's easy to figure out with, the pretenders are. Strong markets lift most boats, but only to a certain extent. And on the first few days down, because their internals and their technicals and their patterns and their pictures were so weak beforehand, they get weaker easily and easier than the strength when you got some few days down, and it just so happens. On two days, we're already able to tell you the oils. I didn't mention the utilities, the food, drug, beverage, tobacco, household products,

China, names like Starbucks, Skechers break in the 50s, Disney, which pretty much, it's not the worst stock in the doubt because nothing could take the place of Walgreens, which is just a nightmare in the Dow. But Disney, I ain't buying that. And as I'm doing my scans right now, as I speak, I'm finding things, whoa. Look how weak that got so quickly. And that's how we're able to be out of trouble. What's funny, you know, I tell my peeps, you're never going to own bare market stocks.

defined by what we believe bear markets are. And very simply what bare markets are, are stocks doing the one, two, one step up, two steps down. And it's not hard to figure that out. Just draw stair steps going down. So we're already able to tell you, and by the way, there's a lot of individuals,

I mentioned to you, Starbucks stands out. That doesn't mean tomorrow. Starbucks doesn't announce something and writes itself. We deal with the information at hand, knowing two words things change. That said, by the way, I didn't even mention financials. JP Morgan's chart looks great, needs the break above 144 and a half and breaks out of range. You go in depth into all the other financials. Sure, they've rallied some, but they're like 10 steps down, two steps up.

They're really going to have to prove themselves. And full disclosure, I own a small piece of JP Morgan. I'm up a whopping dollar on it. If it breaks through the 144.50, I may add, but it's already boring me to death. that said sure enough better than a lot of these other financials so already we're able to say to you hey look at this rally up da da-da-da-da-dun what we mentioned to you Tesla and invidia and Facebook at the beginning but already we're able to isolate whoa and we just stay out of it and we have this consulting service and we have hedge funds and mutual funds in there and we always say

especially mutual funds, they have to be fully invested. So we're always saying, for those that have to be fully invested, we're letting you know these areas remain in whatever you want to call them, downtrends, whatever you want to call them. And why own stocks that are in definable downtrends? Oh, because they're going to turn? You don't know if they're going to turn. Ask Peloton.

if it's going to turn. You know many times near the highs it dropped 10% and analysts said we're reiterating our buy recommendation? And then it was down 20%. Oh, we're reiterating, but we're lowering our target. Then it's down 40%. Oops. We go from a strong buy to a buy.

Then it's down 60%. Oh, we're going to go from a buy to a hold. So when we tell you about these areas that have already shown themselves, you may want to not believe a word we say. You better get on your screens and take a look and verify. Simple as that. Verify.

That all said, you'll have a great evening and drive carefully. When you get home, do like we do, it's quite simple. Make sure you hug your family and hug your children. They will feel better. You will feel better. And let's all hope that this sub, in the middle of the, I guess North Atlantic gets home safe. They're running out of time I'm hearing,

but you never know. Miracles do happen. Have a great one, everybody. We'll be back tomorrow's same time. Bye-bye. This has been Investor's Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com.

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