Investor's Edge with Gary Kaltbaum - Schumeritis [03.18.2025]

Episode Date: March 18, 2025

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Starting point is 00:00:26 That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. A thanks for being with us today.
Starting point is 00:00:47 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.
Starting point is 00:01:07 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
Starting point is 00:02:27 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.
Starting point is 00:03:01 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
Starting point is 00:03:23 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.
Starting point is 00:03:56 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.
Starting point is 00:04:23 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,
Starting point is 00:04:54 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.
Starting point is 00:05:34 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,
Starting point is 00:06:08 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.
Starting point is 00:06:44 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.
Starting point is 00:07:00 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.
Starting point is 00:07:30 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,
Starting point is 00:07:59 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,
Starting point is 00:08:58 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
Starting point is 00:09:17 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.
Starting point is 00:09:37 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.
Starting point is 00:10:22 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.
Starting point is 00:11:03 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.
Starting point is 00:11:19 This is the one only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs,
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Starting point is 00:12:24 That's 888-4-2-2-5-5-9. Investment Advisory Services offered through call-bomb capital management. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you.
Starting point is 00:12:55 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
Starting point is 00:13:26 airport lounges worldwide. The Capital 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. 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 Sprinker distributes it everywhere people listen, Apple Podcasts, Spotify, in about a dozen apps your cousin's swears are the next big thing.
Starting point is 00:14:09 Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. 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.
Starting point is 00:14:36 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.
Starting point is 00:15:09 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.
Starting point is 00:15:44 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
Starting point is 00:16:43 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.
Starting point is 00:17:26 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.
Starting point is 00:18:29 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.
Starting point is 00:18:59 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.
Starting point is 00:20:09 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.
Starting point is 00:20:39 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
Starting point is 00:21:19 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
Starting point is 00:21:47 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
Starting point is 00:22:09 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,
Starting point is 00:22:33 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.
Starting point is 00:23:12 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. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less.
Starting point is 00:23:51 Go to Tommyjohn.com today for 25%. sent 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 Capital1.com for details. This episode is brought to you by Spreaker. The platform responsible for a
Starting point is 00:24:34 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 swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com.
Starting point is 00:25:14 Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. 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.
Starting point is 00:25:36 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
Starting point is 00:26:20 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
Starting point is 00:27:39 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
Starting point is 00:28:52 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
Starting point is 00:29:10 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,
Starting point is 00:29:31 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.
Starting point is 00:29:54 230 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.
Starting point is 00:30:19 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.
Starting point is 00:30:51 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.
Starting point is 00:31:34 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.
Starting point is 00:32:17 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.
Starting point is 00:32:50 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.
Starting point is 00:33:25 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
Starting point is 00:33:48 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.
Starting point is 00:34:10 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
Starting point is 00:34:32 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.
Starting point is 00:35:15 Disney. And they keep raising prices. Cost a lot. A Costco was just 1,078 5 weeks ago. It's 898 today.
Starting point is 00:35:31 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
Starting point is 00:35:55 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,
Starting point is 00:36:36 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,
Starting point is 00:37:03 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.
Starting point is 00:37:24 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.
Starting point is 00:37:49 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
Starting point is 00:39:03 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.
Starting point is 00:39:35 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
Starting point is 00:40:15 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.
Starting point is 00:41:15 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
Starting point is 00:42:01 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.
Starting point is 00:42:30 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
Starting point is 00:42:46 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
Starting point is 00:43:03 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.
Starting point is 00:43:42 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
Starting point is 00:44:19 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.
Starting point is 00:45:22 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.
Starting point is 00:46:18 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. Guys, it's no use putting it off. The best time for an underwear refresh is now.
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