Investor's Edge with Gary Kaltbaum - Schumeritis [03.18.2025]
Episode Date: March 18, 2025https://garykaltbaum.com__________Disclaimer:The opinions you hear on BizTalkRadio, BizTV, or BizTalkPodcasts are those of the hosts, callers, and guests and do not necessarily reflect those of BizTal...kRadio, BizTV, or BizTalkPodcasts, its management or advertisers. The information on BizTalkRadio et al does not constitute a recommendation, offer, or solicitation to buy or sell any product or securities. Please consult a professional before investing.
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Investor's Edge with Gary Coltbaum.
Straight talk about you and your money.
Now from the BizTalk Studios, here is Gary Cultbaum.
And welcome once again to Investors Edge.
I'm Gary Coltbaum, your host.
A thanks for being with us today.
Glad you hear, ladies and gentlemen, happy that you are listening, or maybe not.
It's Tuesday.
It's March 18th.
It's 2025.
And the market sucks.
Two decent days.
Crappy finish yesterday.
Very sucky day today is the best way I can explain.
We'll get to that in a couple of minutes, but first, this is serious talk on everything that affects you.
And ladies and gentlemen, as we have said time and time again, we used to do a show just plainly on the markets, the markets and what we thought.
And we do it on the economy in what we thought.
And then I guess somewhere around 2008, when I realized how bad things were, the collusion between Wall Street and Washington, D.C.
To take $800 billion of our tax dollars and give it to criminals on Wall Street.
fraudsters all kept their jobs, all have made billions since.
And I realized what was going on.
And then we noticed Ben Bernanke printing money out of thin air and making the fraudsters
and the crooks even richer.
And then I noticed Ben Bernanke state.
well, we're only going to print for a while and we'll stop.
And of course, they did not.
And then I noticed the debt and deficits start to go vertical.
And I realized what we had was a bunch of miscreants, a bunch of cretans that said to themselves,
hmm, we got away with this.
Let's do more.
and then they did more
and then they got away with that
and then they said let's do more
and then they got away with this
and they said let's do more
and to the point we're at 37 trillion of debt
and now they're telling us
oh my god we're in big trouble
brought to you by the people
that did it
so we have to
mix the politics and the economy and the markets because they became this big gargantuan
blob and it's both parties.
Of course, one much worse than the other.
And we're going to do a little bit of an imitation today of one of the big gigantic
culprits today on the show.
because sometimes people are backed into a wall
and the real person comes out by accident
will have that.
Now, if you do not get this radio show in your city,
we'll post it at garyk.com.
We'll post it on a Twitter feed,
which is now X.
And if you don't follow us, X, you should.
And if you'd like to email me, just be nice.
So let me just start with the markets.
And we'll do the Doge moment in the next segment.
And my, well, you'll, when we get there.
So we had a brutal drop.
Brutal.
And then Friday, a very strong day.
And then yesterday, a very strong day that got sold down,
still a strong day, but got sold down into the close.
And you kind of sort of don't know what's next.
We're in a reactionary bounce slash rally.
And all I can tell you is they came in today and they were not very happy.
And here are some thoughts on this.
Number one, volume on the NASDAQ was stronger today than yesterday's upward move.
That's not great news.
I don't have the S&P numbers yet.
It looks maybe that's a little bit lighter.
A few things of note.
NVIDIA, I have to start there because they had this big to do.
A conference, I heard 17,000 people came to listen to the CEO.
And I guess, I don't know if they introduced products.
I was very busy today, but I'll look it up later.
But it was all about Nvidia and AI,
and it's the most important thing in history,
and it's big time going forward and opportunity.
Well, right before he started speaking, the CEO,
the stock had rallied, it hit a low of 114.50, hit 119.
Hit 119 today.
finished down $4.10.
On a day
where all they said was
great things.
So let me explain
a little bit about markets.
When
supposed great news, big news,
fantastic news,
bullish news,
gets sold off,
that's not good news.
Normally in bull markets,
meetings like,
this, conferences like this were 17,000 people showed up and they talked up big time, artificial
intelligence and where it's going, what's it going to do, and it's going to save the world
and save our lives and this, that, and the other thing.
By the way, we're not making fun of artificial intelligence.
We're just letting you know, they sold the stock off.
And not only that, they sold off Broadcom also, another AI stock.
they sold off Taiwan Semiconductor another AI stock
and the rest of the AI stocks got hit.
So that's number one I wanted to bring up today
because for me that's a little bit of a sore thumb.
And when we say sore thumbs,
just something that really sticks out to me
that on a day
where nothing but wow, look at that,
the institution sold off the stock.
And who matters more when it comes to the market, the institutions, the big money, what are they doing and what are they doing?
And are they moving price up or down because the convictions on the upside are on the downside?
So that's number one.
Number two, these are just little things that stick out.
the mega cap tech that was so damn good for so long that I took as much as I can out of it just remains not good.
After two days up, let me give you a couple of instances.
Meta finished lower than the last two days and has now gone from 741 to 582,
since mid-February
one
two three this is the fourth week
Apple
nice downtrend
broke down
down Costco gets ripped the stuffings
on their earnings report
and we've said to you all along
how is this trading at 65 times earnings
Netflix one of the stronger names
got upgraded yesterday
Netflix hit 967
yesterday but close
at 950, down 20 bucks today.
Like that.
Favorite name Spotify that really V-shaped up above the 50 day.
And still is strong, by the way, down $28 today.
That should not happen in bull markets.
Amazon, Adobe, booking holdings, Salesforce.com,
Dell, Broadcom, Microsoft, Oracle, Qualcomm. Ain't happening.
Google got hit today.
Was down seven, finished down three and a half, but still troublesome.
And notice I didn't mention Tesla.
Down another 13 today, it has gone from 488 to 225.
We're not making a comment on the company.
we're stating some facts.
They're selling less cars.
There are people destroying Tesla's out there.
And I have to tell you, there are people out there that are putting up, got lists of people that own Tesla's and are being threatened online that if they don't sell their Tesla, they're going to divulge who people aren't stuff.
If I owned the Tesla and I found these people, I would, I can't say what I would do.
No, I would not murder them.
I did not say that.
Anyway, Tesla.
Dang.
Up next.
The Doge moment.
More on these markets.
And you'll hear it in a minute.
I'm Gary.
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sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already
a podcaster. The good news is Spreaker makes the whole process simple. You record your show,
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It's time to switch on the integrator units and get the brain cells working.
You're listening to.
Hey, this promises to be fun.
Investors Edge.
Bastion of quality programming.
With Gary Coltbaum.
It doesn't get better than this.
And welcome once again to Investor's Edge.
A doge moment.
First off, another judge came in and said that we have to restore the funds to US aid.
That it's unconstitutional.
There's something wrong with the judges out there, ladies and gentlemen.
There's something wrong.
where our government grants money, our tax dollars to an entity,
they have shown to be doing good things but doing a lot of crappy things.
The new administration comes in and pulls it back,
and a judge comes out and says, as a new administration,
you can't do that, that's unconstitutional.
Ladies and gentlemen, we're screwed.
You had another judge, and this is,
is all part of the Doge moment, and not really on this part, but they're sending away
hardened criminals that are illegal here. And a judge came in and said, you can't do that?
We've got a big problem with judges, ladies and gentlemen. I haven't said that often,
but these are just two. Imagine that. Number one job in administration is defend the
citizenry and you send the worst of the worst out of here and a judge comes in and says you can't and of course
the media sucks they're actually fighting it how can you do that how can kiss off i'll put him in your
neighborhood and see how you like it which takes me more to the doge moment do you know in the past
two weeks social security has had to do a major cleanup because when doge got into the social
security records.
By the way, this is not a joke.
There were 3.2 million number holders all listed age 120 and higher, and they were marked
as living.
I'm not making this up.
So Doge came in and finally, and did the double checking, marked them as deceased and is in the
midst, in the midst, because there's more work to do.
Has any of these payments gone out, Social Security payments, to these places?
This is our government.
And you always, you know, you want to believe they're on top of things, but I have to say again,
37 trillion debt, 37 trillion, they're not in control.
The thieves.
Yesterday, Doge terminated 44 contracts with a ceiling value of $5.2 billion and a savings of $640 million,
including $465,000 Department of Defense contract for non-personal services to serve as the Maxwell Air Force Base installations,
horticulturist landscape designer and greenhouse plant.
My God, I am so happy Doge is around.
I hope they do it correctly, do it right.
As you know, we're a little bit not thrilled with all the firing so quick.
But I think they're fixing that up right now.
And for now, that's the Doge moment for today.
But you are saving a lot more money.
And people are destroying Teslas.
By the way, a bunch of them got arrested.
One of them lit himself on fire.
And I was just thinking to myself, what do they think they're going to gain?
What are they going to gain?
What are they going to gain?
Here you have a man that's trying to save the taxpayer a ton of money because they created this gargantuan blob,
and they're blowing up cars that he makes and lighting them on fire.
It's so weird to watch, ladies and gentlemen, it really is.
Okay. So as you know, without getting into it, Chuck Schumer, the Senate Minority Leader, sided with the Republicans, with I think eight Democrats on extending the government spending. Here's the weird part about it. The Democrats are all pissed off that he did it, but I don't know if you know this. It was the same spending that Biden did last year. The same.
They should be happy, plus more spending.
But since it's the Republicans doing it, it's bad.
Now, to be fair, Republicans do the same to the other side.
I digress.
So they want Schumer to go by-bye.
They want new leadership, and they're talking about Alexandria Ocasio-Cortez.
That's pretty funny.
Anyway, let me give you a little.
background here and why we're in such a heap of trouble.
Chuck Schumer's been in D.C. as a representative or a senator since 1981.
1981, our total debt was $1 trillion.
It's now $37 trillion.
He has been a force, a force in raising the bar in how big a government was, how much the government
spends the whole works.
There's nothing we like about him, and we really loathe him because he shut his mouth.
He's Jewish and shut his mouth and never said a word about what was going on in the colleges
until after the fact.
So we don't watch the view this show because, number one, it's during market hours,
but we get video from people that just send us video of things that are said on there.
and may I state for the record
they're a bunch of Marxist doofuses
on that show
they had Chuck Schumer on
and he's
I guess he's trying to save face
this is what he said about you
and he said it in a way
how do I describe it
you know when you're like
kind of making fun of somebody
you talk like this
that's
That's how he sounded.
And let me tell you what he said.
This is a quote.
And you know what the attitude is?
I made my money all by myself.
How dare your government take my money from me?
I don't want to pay taxes, or I built my company with my bare hands.
How dare you government tell me how I should treat my customers,
the land and the water that I own or my employees?
They hate government.
governments a barrier to people they bury to stop them from doing things they want to destroy it
we are not letting them do it we're united do you realize what Chuck Schumer's telling you about
you you suck and without them you're nothing and you're a bunch of greedy scumbags that don't
want to pay taxes and hate government up next
We'll put a bow tie on it.
Amazing.
This is the one only investor's edge.
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One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See
Capital1.com for details. This episode is brought to you by Spreaker. The platform responsible for a
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We're listening to.
Hocking.
Investors Edge.
He's got to be pleased with that.
The crowd is 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.
So, this is the Senate Minority Leader.
This is what he says about you.
That you think you made the money.
That's what he said.
You know what else he said about you?
how dare you your government take my money from me he's telling you you work for them they don't work
for you he's telling you you don't want to pay taxes you're a greedy sobby he's telling you
you did not build your company with your bare hands you needed our help he says how dare your
government tell me how i should treat my customers he's saying that government is supposed to tell
you how you should handle things. Go look up the video. Sick, twisted, government-centric
Marxist-slash-socialists. What do we call him here? Control freaks. He's been in government
his whole life, never had a job. Lived off you, the taxpayer his whole life, but you're scum.
This is how you get the 37 trillion of debt. Scum. I give them no
quarter, not a shred. I loathe these people. And by the way, there's plenty of them in
the other party. We don't see R or D. But some of these Ds, my goodness. Go watch the video and
see the Eddie Haskell of Washington, D.C., what he thinks of you. We move on. A few other things
to notice. Number one, gold had another good day. I think the gold miners are tired. That's my guess.
A lot of the China names pulled back today remain in bullish mode. We'll see if that continues.
Other areas that remain in bullish mode ain't many. European banks, insurance, a smattering. You know what a smattering is? Here and there.
market's just ugly
and I had some hope
and maybe tomorrow is better
we got the Fed tomorrow
maybe the market reacts well
to him who the hell knows
he is not going to be raising rates
he's not going to be lowering rates
he really shouldn't do anything
he should just be very down the middle
because interest rates 4.28
I think he's at 4.25
fine hope he doesn't
overdo it
we're just letting you know
when I do my webcast tonight,
I am going to just show about 50 names
that have just crashed.
You know, when I say to you,
I keep watching people say,
it's just a correction,
just a correction.
And then as I scan,
I got Tesla at 488 to 225,
just a correction.
Reddit was a leading stock for a while.
Just a correction.
230 to 110.
How about KKR?
A very important investment management capital markets company,
170 to 114.
Airbnb was just near highs, 164 to 124.
Draft Kings was trying.
53 to 36.
Este Lorder.
Well, that's been dead for a long while.
Ralph Lauren just went from 269 to 219 in weeks.
They've crumbled the cruise lines, even Royal Caribbean, which was really strong,
looks like another lower high.
Best Buy, 92 to 73 in the last three weeks.
By the way, the high was 103 a few months ago.
You catch my drift?
I know the S&P's down this much.
I know the NASDAQ's down this much.
The average stock and just a lot of stocks just absolutely bludgeon.
By the way, the NASDAQ from recent peak, it's down 2700.
It's still down about 13%.
I think the average NASDAQ stocks probably between 22 and 25% down.
That would be my guess.
Decker's, the Uggboots, you ready?
224 to 115 since third week in January.
Notice I'm naming some names that you know.
Marriott, 307 to 240 in five weeks.
Shake Shack, still haven't had a burger there.
140 to 85.
You've heard of these names, right?
Blackstone is actually off the lows but has gone from 201 to 146.
And I haven't even mentioned those, you know, the mag or the mag, whatever they call them.
Google 207 to 160.
That's a bare market.
Right?
Microsoft, 468 to 383.
By the way, 468 was back in June.
Dell, 180 to 96.
Amazon, not as bad.
242 to 192.
It hit that high in early February.
Salesforce.com, a Dow stock, 369 to 278.
Nvidia, even with the big news,
153 to 115.
I just listed these things.
Target was 182 a year ago.
It's 104 today.
And by the way, 182 wasn't the all-time high.
It was 267 in 2021.
Target.
So we're just making the point.
It's a minefield out there.
Even Chapo-Lay, 67 to 47.
I can do more.
I don't need to do more.
I'm making a point to you.
The market is so damn worse
underneath the surface
of the indices that get influenced
by a select few things
that are now coming in.
We'll see what tomorrow brings.
The low has not been taken out from Friday.
If it is,
that wouldn't be good news.
still a couple percent below
so I'm just letting you know
I just named a few names
I can do a lot more than that
and names you've heard of
you know Carvanna right
292 to 166 in four weeks
you know that one right
they got those things where you
get your cars up there and it's kind of controversial
there are people that think that
the way they do their account
thing is less than thrilling, I don't know. I'm no H&R, blah. You've heard a service now, right?
1,200 to 830 in seven weeks. Oh, you've heard of Disney. Disney was 119. Five weeks ago,
it's 99. And of course, Disney, do you know Disney topped out in 21 at 203? It's 903. It's
99 bucks now.
Disney.
And they keep raising prices.
Cost a lot.
A Costco
was just
1,078
5 weeks ago.
It's 898 today.
It's 180 points, right?
And pretty quickly.
Okay, now I'm done.
I'm making my point.
And I just want you to be careful
of when you're hearing people say
It's just the correction.
I can sit here and rip off 500 to 1,000 names
that are pretty bad.
Up next.
What else do we have in store today?
This is the one only investor's edge.
Guys, it's no use putting it off.
The best time for an underwear refresh is now.
Tommy John underwear is designed for a perfect fit that stays put all day.
There's zero-chafe thanks to four times more stretch than competing brands,
and their innovative horizontal quick draw fly is a game changer.
With over 30 million pairs sold, there are thousands of men out there more comfortable than you.
Don't settle for less.
Go to Tommyjohn.com today for 25% off your first order with code comfort.
That's Tommyjohn.com code comfort.
Tommy John. Comfort perfected.
This message is brought to you by the Capital One Venture X card.
Venture X offers the premium benefits you expect,
like a $300 annual Capital One travel credit.
for less than you expect.
Elevate your earn with unlimited double miles on every purchase,
bringing you one step closer to your next dream destination.
Plus, enjoy access to over 1,000 airport lounges worldwide.
The Capital One Venture X card.
What's in your wallet?
Terms apply, lounge access is subject to change.
See Capital One.com for details.
This episode is brought to you by Spreker.
The platform responsible for a rapidly spreading condition known as podcast brain.
Symptoms include buying microphones you don't need.
explaining RSS feeds to confused relatives, and saying things like,
sorry, I can't talk right now, I'm editing audio.
If this sounds familiar, you're probably already a podcaster.
The good news is Spreaker makes the whole process simple.
You record your show, upload it once, and Spreaker distributes it everywhere people listen.
Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing.
Even better, Spreaker helps you monetize your show with ads,
meaning your podcast might someday pay for, well, more, my...
microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself
for an hour, you might as well publish it. You're listening to. What are we waiting for?
Well, what are you waiting for? One, two, ready, go. Action! Investers Edge with Gary Kalka.
And what once again to Investors Edge. Got some feedback on the tariffs. We got a lot of feedback on
the tariffs because we have taken a stand against the president, President Trump on tariffs.
We disagree with it.
We get the logic of doing reciprocal tariffs.
Hey, they're 10% on us.
We're doing 10% on them.
But they haven't just done reciprocal tariffs.
They've done a bunch of tariffs out there.
And let me just tell it like it is.
When we tariff China, China doesn't pay those tariffs.
The business here pays those tariffs and they pay it to our treasury.
So yeah, the treasury collects money.
Why don't you just raise corporate taxes then?
That business can decide whether to pass it on to the consumer.
Now, I will let you know that companies I've been reading about,
I think I read Walmart, has been asking China to,
eat the tariffs for now. I don't know if they said yes or not. And you know, Walmart gets a lot
of stuff so they do have some leverage. Don't know if that's going to be the case or not.
But I don't want to hear another person say that tariffs are paid by the country we tariff. That is
bull crap. By definition. Now, I heard somebody say, well, won't it be?
good if we just make all this stuff here. Yeah, absolutely. Ain't going to happen. Doesn't work that way.
Businesses will produce, we'll buy where they can get cheapest. Well, if everything's tariff,
won't it be cheaper for them to make it here? Well, that means they're still paying higher
than the norm.
And of course, the small the business you are, the tougher it is to adjust.
Some of these big companies can adjust more easily than small companies.
What do I think as far as how much of that's affecting markets?
I have no idea.
I can tell you that every time they announced tariffs, the market got hit and when they pulled the tariffs off,
the market would rally. So there's definitely that component. But I also believe there's overhang
from the morons in the last administration that made it government, government, government, government,
and the fact that they are rolling that back, I think that is something to do with it also.
And that's a necessary evil. As I have said to you a thousand times, we cannot continue
the trajectory of Marxist Joe Biden
and worst Marxist Kamala Harris.
She was going to try and really stick it to us.
They really don't like us, by the way.
They really were going to stick it to us.
They don't like you.
They think your money is theirs
and their decision to dole it out to you.
and when you have a chance
and watch Schumer
in that little video
it's on my Twitter feed
X feed
you'll see he hates you
you're a means
to his end
you're his slush fund
he could have just looked
into the Cameron
said America up yours
because that's what he looked like
that's what he sounded like
and don't get me started
on these other people on the view
they're just weird
They're just weird.
I'm in hopes that the lows of Friday stick and we build upon it.
But I can tell you flat out today does not look good on a resume.
The green today was gold, but I will repeat, gold miners look tired.
The green today was European banks.
The green today was some big oil.
And some big oils acting better.
Chevron Exxon.
The green today.
I will say some of the financials were up today, but minuscule and they're just bouncing tepidly.
The green today was a little bit on the steel.
Why?
Tariffs.
If you make it too expensive over there coming in, U.S. steel will make more steel and, you know, profit from it,
supposedly. After that, didn't see much green. A few China names were green, but also a few
China names were red. Nvidia again had this big gigantic thing, 17,000 people, and the stock
was sold off. If there's anything of indication of a market that has some stress,
it would be what's, I don't think it's arguable, probably the number one technology stock having this big conference talking up a big game on what they do and what they sell and what the future is.
And the market gave it a certain finger.
These are the things I've noticed.
I've been getting asked about Bitcoin.
It's just bearish phase.
Ethereum is a brutal bear market, and I'd be really careful about any of the other things and the memes and all that crap.
As I have told you, I think Bitcoin is the NASDAQ and it really is tracing it out at this juncture.
And for the Bitcoin holders, I'm rooting for you.
But just remember, the last bear market in Bitcoin was 75% drop off of a 35% drop in the NASDAQ.
Yeah, I know the administrative.
is talking it up, market's not going to care. I can promise you that. And to repeat,
no services, no products, no earnings, no sales. We'll keep you informed. Until tomorrow,
hopefully a better day. Have a great evening. Drive carefully when you get home, do like I do.
Simple. Make sure you hug your family. Make sure you hug your children. They will feel better.
You'll feel better. I promise they will be well. Serenity now. Y'all, peace out. Bye-bye.
with Gary Cult Bomb on BizTalk.
To listen to past episodes
or to get in contact with Gary,
go to GaryK.com.
That's GaryK.com.
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