Investor's Edge with Gary Kaltbaum - Soaring rates [02.13.2024]

Episode Date: February 13, 2024

https://garykaltbaum.com/

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VALA through 327. Selection varies by location. Raw supplies last. 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 day.

Thanks for being with us today. Glad you here, ladies and gentlemen. Happy that you are listening. It's February 13th, 2024. It's Tuesday. And today, the market sucked. And we're going to cover it. Just so you know,

we do webcasts every night and every now and then we'll do one before the market closes because there's so much we want to show and what we'll do in these webcasts is the first one will say hey these are the areas you need to avoid these are the ones that are breaking down these are the ones where the complexion is changing this that and the other thing and then we're going to come back later with this is the stuff that is the big strength, little less than big strength, the strength, the okay strength, and then the crap.

So we already did that. So what I'm going to do right now, I'll introduce us, and then I'm going to just go through what I said in the webcast on the markets that had a very bad day today. but I must state for the record much better than where they were at 3.30. So first, this is Investor's Edge. Serious talk on you and everything that affects you, the markets, the economy, jobs, unemployment, taxes, deficit, spending, scam, shams, corruptions,

you name it, we cover it. And right now I'm looking at Dwight Shrewd-Bobblehead. And I'm thinking, why is his head going back and forth when the air is not on it? and it looks like a book fell on it, and Dwight Shrewt is now bobbling all over the place. If you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it on our Twitter feed, which is now X.

And you should follow us on Twitter. Just go there, put our name in. You can also email us. Just be nice. Remember, I challenge that doofus wimp that emailed me, calling me a liar, We haven't done this and haven't done that. And I challenged him. What I gave him, what I get him, 25 to 1 on 4 grand?

He hasn't emailed me back. Do you know why? He's a wimp. Anyway. Okay. First off, the Dow was down 524 today. But at 327, I'm just getting the number. It was down 750.

You got that? The NASDAQ was down a juicy 287 today. At the low, at 327, it was down 387. Bad day. Here is what happened today. They came out with an inflation number. By the way, I'm going to do this as, I want to say this without insulting. I am going to do this in a way that is so easy to understand.

And I hope you get it. So what we have had for a very long time, as interest rates go up, markets have been coming down. As interest rates go down, the market's been going up. And in case you don't know, the interest rate that we follow is the 10-year yield. And back in October, interest rates crashed, went from 5% to 3.7% and the markets, soared. Go backwards to July to October, end of October. Interest rates soared. Markets were trashed. So recently, we've kind of backed and filled. Went from 3-8 to 4-2, back to 3-8. Today we took out the 4-2 pretty easily. This is the 10-year yield. This is what matters to you most when you're

a house and getting a mortgage and a lot of other loans. Now I know you're hearing about the Fed and them lowering rates, but they are the Fed funds rates. They don't deal with this 10-year yield. They are no longer, well, they say they're not printing money and distorting everything. They are not easy money right now, which they'd rather be, but they can't. The reason why they can't is inflation. And as you know, they missed inflation. We believe they caused it. Others don't believe that, but we know better. We predicted it beforehand. And in order to fight inflation, the thought process is you got to raise rates. So they went from zero and they're at five and a quarter dash five and a half right now. But the 10 year yield just recently was 3.8.

How can that be? Well, because we tell you the free market is a lot more important than them. Remember, nothing personal, they're dummies. They don't have a clue. They don't have an understanding. They've got a thousand analysts that go out and they still can't figure out what's going on out there. All they do is tell us what's already happened while we are able to tell you things because we actually don't have a butler buying our food and a driver pumping the gas in our car. So we watch the real yields, the market, the free market. Let me explain the free market to you.

It is the buying and selling at a certain time, at a certain price, at a certain size, by speculators, traders, investors, of all kinds, all stripes, all size. That's it. And we always follow it. Now, it was a lot tougher when this, I'll be nice, when Jay Powell was printing money, because you didn't know what his next move was going to be, he didn't know how much, and he ended up distorting everything. And amazingly, he gets blamed for nothing and credit for everything. God, I wish I was in that position. So an inflation number came out today, and one would call it sticky. Now let me explain what they've been telling you on inflation.

They have been telling you that inflation has come down, way down. Well, they're right. The rate of inflation. We went up, I think at the high was 9%. We're back at 3 to 4 right now. That's the rate of inflation. Price is moving higher. What they don't tell you is,

prices have not come down on so many things and just keep going higher. So if you are buying potato chips and they went from $4 to $5 in the last two years, 25% rise, and now they're 510, well, they're still going up in price, just less so. And there's so many areas that's happening, especially in a lot of food. but also rent, insurance, education, because government stick their sleazy, slimy hands into it, and whatever that happens, costs go up. And markets react to this. So today, a number that came in higher than expected. And the bond market reacted to it.

Barn market down, interest rates break above range. stock market gets hit. Simple as that. So very simple. The market adjusted today to a move in rates. A blunt statement, do not listen to the permibules that are going to come at you and say, oh, it was due. Well, we knew it was due just because of how big of a move there was and how complacent everybody's been. We've been telling you

how the extreme complacency in the market, but you never know when. Don't believe the perma bears. They're going to come out and say, see, told you so. Neither knows where the market's going. We don't know where the market's

going, but our next line always is the cards coming out of the deck will give us great clues. We already know what to avoid. We've been telling you the areas to avoid. Simple as that. And what happens when the market weakens,

it becomes more names and areas to avoid, even more. And the more of that goes on, the weaker the market gets. I've already been asked whether today can be a one-day wonder. The answer would be doubt it. Doubt it. How bad could it get? I don't know. Could in five days, defense comes and we're right back up?

Sure. I don't think odds favor that. I think probably the market's going to have to go through some adjustment here, and we'll let you know. In the webcast, we first started out by telling everybody, well, you still avoid oils, you still avoid gold and silver. That's my music. Up next, we'll go over that webcast.

much more. I'm Gary. This is the one only Investor's Edge. Hi, I'm Gary Calbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where

you would like to be, call us to make an appointment for a complimentary portfolio review. The number to call is 888-4-2-5-59. That's 888-5-5-9. That's 888-4-2-4-2-5-9. investment advisory services offered through call bomb capital management. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches.

Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication.

We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're stacking your rewards. Nice. Get up to 5% cash back with Venmo Stash on your favorite

brands when you pay with your Venmo debit card. From take care, you. out to ride shares, entertainment and more. Pick a bundle with your go-toes and start earning cash back at those brands. Do more stash, get more cash. Venmo-stash bundle terms and exclusions apply. See terms at Venmo.combe slash stash terms. Max $100 cash back per month. Here's a quick podcast for all you true crime fans.

The case of the missing Reese's. It was me at the store with my mouth. Motive? Um, they're reases. What was I going to do? Stop myself. Tune in next time to see if I do it again. Spoiler.

I will. That had everything. Reese's. Suspense. Reese's. 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.

Investor's Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investor's Edge. So we just basically went on to say oils gold and silver

China though we have been telling you acting better off the lows but it's really going to need to prove itself still in a void though with a couple names strong regional banks utilities

real estate the bond market and so on and so forth, whatever's not working. Anything below the 50-day moving average and avoid, any individual name, any area. And now what we do is we start measuring and scanning and scanning and measuring. How many names? How many areas worsen? Because I can tell you, from the webcast that we already did, the metals in mining worsened.

Steel, copper, aluminum, all that crap. And so on and so forth. That's how we're going to roll. We've been telling you small caps really trying, really asserting, but need to get above 205 on the IWM. Small caps were down 4% today. Why? Simple. Small caps have a lot of the regional banks in it, which are quasi-bond funds.

And if the interest rates go up, they're losing more money. Guess what? The regional banks got hit today. Small caps got hit today. And now instead of breaking out above 20550, it really is going to need to hold that 50-day moving average right here, and that 190. So we'll call it back in range-bound, but couldn't get off the launching pad again, and it's been trying, versus the big caps, of course.

In semiconductors, in the webcast, we went through analog devices, Terodyne, micron, breaking the 50-day microchip, Texas instruments, Kulikian software, a bunch of names, breaking down. We went through financials. Why is BlackRock breaking the 50-day moving average today? Why is Bank America doing the same? Though, at the end, they bounced a little. And that's how we're going to go about things.

So very simple to wind it up. Yields up, takes the dollar up, hurts inflation-resistant areas, inflation areas, interest rate areas. Guess what else got hit today? Housing. Do you know Lenar broke out of range yesterday? Fortunately, we did not buy.

It tucked itself in like a frightened turtle today. Why? Interest rate spike? Perception on housing. Housing down. Home depots of the world, things like that. Housing related, down. So leave no doubt today.

you got a little wall in place. How long don't know? How much don't know? Could it be fleeting, sure. But what hasn't changed are the areas that are already in bad shape. More names, more areas got roughed up even more today. So fewer and fewer stocks working. And what we do now is our old line.

It's easiest to isolate strength with the market's weak. I can tell you, NVIDIA, amazingly, with the NASDAQ down 282, 287 was down a buck 20. Advanced micro devices, down 30 cents. With the NASDAQ down 287. Broadcom opens up down 37 bucks, finishes only down 13. These are the things we're going to be looking for. There were actually a few things up today versus a horrible market.

We're going to be paying attention to those, like Japan is strong. Like earnings reports like waste management. Today came out with Bafo earnings because garbage is a big business breaks out to new yearly highs. We'll be paying attention to that. Wingstop, I guess business is good. a new yearly high today was up six bucks with the Dow down 524 S&P down 69 the NASDAQ 287 I'm gonna pay attention to that we're not telling you to buy them we're just give you an idea what stuck out today because anything that was up today was a sore thumb

because advanced the clients today 370 up on the New York 3672 down 681 up on the NASDAQ 30, 460 down. So let's just call this from your handsome and buffed host. A little bit of a warning shot. But again, we've had some big leading winners over the last six to eight weeks. We're going to watch each and every one of them, see if they stick. If we, Nvidia today was down 20-something on the open.

finish down one. What does that tell you? These are the things we pay attention to. These are the things we understand. If a stock, like NVIDIA, by the way, is down 26 on the open today, finishes only one, you mean they were buying it while the market's getting trashed?

These are the things we want to see. Notwithstanding, they report earnings next week. And no, it's not a buy here. The buy was at 505 on January 8th. when we told you so. So just letting you know, and we've yet to finish our scans today, we did one earlier, and we're going to have to include that really nice pop into the close and whether that meant something. And of course, there were a lot more earning supports to come out.

I'm noticing Airbnb. Nah, only up four bucks now. The other part of the equation, all those earning surprises that gapped up, broke out, we have one part of our screen, we're going to see which ones don't go down, which ones hold up best, which ones keep going, which ones go by the wayside.

Again, these are the measurements. It's not permable, it's not perma bear, it's letting the cards come out of the deck and let the process go on. And then close our eyes, hold our nose and pray. Okay. As we've stated, we've tried that many a time, and it does not work. On the big indices, we're going to watch support levels. That's all.

Noticing the NASDAQ 100 down to the 21-day moving average. See if it holds. NASDAQ, same thing. S&P 500, same thing. The Dow. Eh, held it today. at the close. So we already have

some symmetry to follow where and we'll keep your breast. Up next. All right, news of the day. Yeah, we're going to make fun of some things. I'm Gary. This is the one only Investor's Edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script,

the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat and it just becomes like a lifestyle where oh yeah, you know, I just have a stomachache every day or I'm constantly feeling like gassy.

And all of those things are not something that generally if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. With the Venmo debit card, a taco in one hand, and ordering a ride in other means you're stacking your rewards. Nice. Get up to 5% cash back with Venmo Stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment,

and more. Pick a bundle with your go-tos and start earning cash back at those brands. Do more stash, get more cash. Venmo Stash bundle terms and exclusion supply. See terms at Venmo.com. Max-100 cash back per month. Reese's peanut butter cups. They go perfectly with music. Podcasts. And welcome back to the show. Even nature sounds. Oh, and the thing where someone crinkles tissue and whispers at you.

Hello. Look, I'm not here to judge what you listen to. I'm here to judge you for not eating Reese's while you listen to it. Reeses. Ashley, go back to the nature sounds. Nice. Yeah, that's really nice. We're listening to.

America is talking. Investors Edge. got to be pleased with that. The crowd is just on its feet here. He's a Cinderella boy. With Gary Colbub. It comes highly recommended. You're going to feel better if you talk to him. All right. Do you know Uber and Lyft drivers are going to join a nationwide Valentine's Day strike tomorrow? Just letting you know. Uber and Lyft. So if you are taking your loved one out to dinner, do not call Uber and Lyft tomorrow. If I were the taxi business, I would try and take as much advantage of that as possible. I have not read yet what they are striking over, but Uber and Lyft.

And by the way, I believe Lyft reported after the close and is up, wow, 360, 30%. Boy, LYFT. Keep in mind it's a $16 stock. And keep in mind the high of the stock when it came public was a measly 89. It's 16. That's a good move for tomorrow. I'm going to have to look at those numbers. Uber, much stronger than Lyft, but Lyft must have said something that the market's happy with.

In the news, well, all I can say, good luck to all of. us, whether it's Biden or Trump winning the election. That's all I can tell you. The things that are coming out of their mouths, the excuses, the lies from both of them is just, I don't even know what to say. And I'm going to cover them not today. I've got other things I want to do, but just utter stupidity. Speaking of utter stupidity.

in the news anybody know barbalee is i recognize she's a democrat running for senate i believe in california she's been in the house she's calling for a $50 minimum wage which would mean 104 thousand annually to minimum wage workers

this is what we mean by economically illiterate dolts d o lt go look it up amazing stunning that this woman doesn't understand how many businesses are out of business

$50 minimum wage McDonald's out of business they're all out of business it's over or they're all fired and everything turns to robots she's been in our House of Representatives She's running for the Senate.

What's with California, huh? Speaking of, well, we're staying on California today. Hey, California, you know what they did? They did a plastic ban. A plastic bag ban. It's backfiring. See, California's ban has completely backfire to ban single-use carriers.

They're now dumping customers. thicker and heavier reusable carriers instead triggering more pollution than ever. Guess what California is doing now? They're trying to come out with more regulations on that also. Just dummies. And the not surprising but depressing news of the day. And it just speaks volumes, nauseates, but welcome to my world. Nancy Pelosi, don't know, we're never met her.

nothing personal a nightmare of epic proportions to you the taxpayer I believe she has voted on probably 25 to 28 trillion of our debt while she is applauded as being this leader of what have you well in case you don't know

her district is San Francisco which is falling apart at the seams And as we have told you on this show, she gets interviewed. And not one person who interviews her actually asks one simple question, what are you doing about all the problems in San Francisco? The homelessness, the crime, the shoplifting, people afraid for their lives, the amount of businesses leaving. What are you doing about it?

Not one of the interviewers ask her that simple question because they don't want to lose their spot. They don't want to piss off Nancy. If they piss off Nancy, Nancy goes tells all the other politicians don't speak to that person again. So a journalist that's supposed to hold the power to account kisses her rear end. But here's the most amazing part. At the age of 83, she decides to run again for the house. In San Francisco, nobody's running against her. At least I don't think anybody's running against her.

But here's my point. The San Francisco Chronicle, who's supposed to give a crap about the citizens, is endorsing her for another term. They don't have to do that. They can say, like the New York Times just came out this week and said, Joe Biden, don't run. No, we're going to endorse the woman that has done nothing to fix the problems of crime, of businesses running away, of drug use in the middle of the street where people are afraid for their lives. No, we can endorse her.

welcome to the incestuous relationship of media journalists that don't give a crap about you. Not everywhere, but this is a case in point. I get emails from people in San Francisco every day telling me things. I get pictures from people who live in San Francisco because I've been covering it, as well as Oakland, as well as Portland, as well as Portland, as well as New York. City, as well as Chicago and other places, they're endorsing her. A miserable failure. You let me take over San Fran? Give me one year. I have that place buzzing. Drug addicts shooting up in the middle of the street ain't happening. Homeless, we're taking care of them.

Businesses leaving. We'll entice them to come back. But no, let's endorse Nancy. And that's a little bit of my news today. And why does that matter? We're doing markets, economy, jobs. Well, it matters because it's in a lot of cities. And Gavin Newsom, who's running California into the ground, is going to run for president in 28.

Oh, by the way, in 24. Lastly, Jeff Bezos left Washington to come to Miami, Seattle. He's saving $600 million in taxes by relocating. You see, Washington decided to come up with a big capital gains tax for those wealthy people. How dare they be wealthy? We're going to extract money out of them. Washington just lost $600 million in taxes. taxes because Jeff Bezos gave him the middle finger.

What have we told you here? Simple. People, business, capital, will flow, if able to, and go, if able to, the places they're treated best. Florida has no state income tax or capital gain tax. Washington introduced a 7% capital gain tax on sales of stocks of bonds of more than 250,000 in 2022. The people running some of these states are the biggest dumb R. I have ever seen. You attract people by running government efficiently, effectively, and not castrating the tax

payer. And the amazing thing is, these people see it happening in other states, and they keep repeating the same mistake over and over and over again. Who has the easiest way of moving the wealthy? Go wherever they want. and people will bid for their services. Do you know many big machas have come to Florida? From states with 13% taxes?

I think California may be 14 now. If you make too much, how dare you be successful? And up next, we'll head back to the markets. Whatever else comes to mind. I'm Gary. This is the one only investors edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script. the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola,

who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, yeah, you know, I just, I have a stomach kick every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive.

We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. With the Venmo debit card, a taco in one hand, and ordering a ride in the other,

means you're stacking your rewards. Nice. Get up to 5% cash back with Venmo Stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment, and more. Pick a bundle with your go-tos and start earning cash back at those brands. Do more stash, get more cash. Venmo stash bundle terms and exclusions apply

See terms at Venmo.combe slash stash terms Max $100 cash back per month Reese's peanut butter cups They go perfectly with music Podcasts And welcome back to the show Even nature sounds Oh and the thing where someone crinkles

tissue and whispers at you Hello Look, I'm not here to judge what you listen to I'm here to judge you for not eating Reese's while you listen to it Reeses Ashley, go back to the nature sounds. Nice.

Yeah, that's really nice. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! And welcome once again to Investor's Edge. And let me preface again.

We would rather come on this show and praise the hell out of our leaders. Praise the hell out of them. but you've got a lying sack, Marxist control freak in the White House. Trump just called for if NATO doesn't pay up, Russia should just go take them out, attack them? What kind of weed is this guy smoking? And I can go back and forth on both of them, just things coming out of their mouth. I know all the talk right now is how old Biden is. I don't care if he's 150 if he keeps taxes low,

regulations low, and just gets the hell out of the way. But no, raise federal spending from 2019 to 2024 from $4.4 trillion to almost seven. Ladies and gentlemen, over a 50% increase in government. in five years. Spending this year is going to be more than all the freaking spending in the COVID years. You know, we had to amp up yearly spending because of COVID. It's now higher.

And when he comes out and tells us what it's, do you do not realize they came out with this inflation reduction act they called it and they've admitted didn't do anything for inflation? Joe Manchin, who got it through with the last minute says he was conned. By the way, Joe Manchin votes with them. He now says he was conned by the president. Isn't that great? This is what we want to hear. And then, oh, the cast of goblins, utter goblins that surround Trump just want to throw up. Goblins.

we warned you remember we warned you about Sidney Powell the night she went on TV I said she was lying the lawyer and whatever was the other one Jenna Ellis and now you got these creeps

oh my I'm not even to mention names at this point egomaniacal creeps and then there's the border look what's going on there the nerve the grapefruits of this administration to go on TV and for three years saying there's no crisis and now there is a crisis and they blame it on the other side and that they don't have enough money. They don't have enough money at a $7 trillion?

Do you know how much the wall would cost the size of a pimple on an elephant's rear end? That's how much from the budget. But how dare they do that? and to lie about oh we lowered cut in half child poverty because of a tax credit and not one journalist takes Biden and says

can you explain how a tax credit takes a child out of poverty and the list goes on and on and on of the BS being spewed he took the championship belt from Trump, which is the highest bar ever. And I want to repeat, and this is to you, the people who love Trump, the people

are buying. I don't want to say any of this, but they have taken over. And Trump tells us how conservative he is. Seven trillion later, when he was prez, before COVID, just remember, socialism and Marxism is about payoffs. when Trump did stupid tariffs and farmers lost their rear end, he took our tax dollars and paid them off. Billions.

Sorry, them dogs don't hunt in Gary's home. We've got to just live and let live. Just set conditions and get out of the way. That's all. Low taxes, less regulations. Regulations where need be, but just go away anybody

go and Google the words government departments in California they have like 500 different departments in California no wonder

they're leaking bucks even though they're taxing the hell out everybody it's supposed to be we the people as I've said to you go read Jefferson's quotes from over two centuries ago.

He predicted all this. He warned us about all this. I guess you get what you pay for, right? We're going to keep covering it because I got news for you. Remember what we have told you? And we're not kidding. They've spent $34 trillion more than they were supposed to. And we're on now the fast track.

You know what the fast track is? I think the last trillion was a nanosecond. Every year now, trillion bucks towards interest. Interest. And they don't get called on the carpet. I could never last as a journalist. I'd be fired immediately because I piss everybody off. All right, crappy day.

Hopefully tomorrow's better. Hey, I got to tell you, Lyft, L-Y-F-T, closed at 12, it's 20. There's got to be some news. to figure out what's going on. That's a big, big move. Till tomorrow, you'll have a great evening, drive carefully. When you get home, do like we do, quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise. Peace out. All, thanks for joining us. Hopefully a better day tomorrow. 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. That's GaryKK.com. Make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer, dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you.

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