Investor's Edge with Gary Kaltbaum - Socialism 101 [09.10.2026]

Episode Date: September 10, 2026

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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 Coltbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. A thanks for being with us today. Glad you here, ladies and gentlemen. Happy that you are listening.

It is Thursday, September 10th, 2026. Emanating, and we sound a little different today, we are emanating from Europe, emanating from Italy. emanating from Tuscany, Italy got done with a lot of business here in Europe a few days ago

and now I'd like to say rest and relaxation four laptop screens in my little room here watching markets doing the things that I do and of course this radio show so if we sound like we're in a

Tunnel, you can excuse us. As we really have a ton to cover. And you know, we say that every day, but today a little bit more. I am going to be Gary Blunt today. As you know, we always tell you, we do everything here without any agenda, any ulterior motive, or any bias.

We always tell you that many years ago, we never had to talk about Washington, and the markets. We used to do the markets in the economy. But then we noticed, and it turned out to be unfortunately true, they decided to be up our butts in ways we never imagine, leading to this guy running the show, and we'll be very blunt and very terse today.

But anything we have to say, it is about you. and your job, your industry, our future, the markets, the economy. It all matters now because the numbers are obscene. And now, in more ways than one, the effect on the markets and the effect on your wallets, the effect on the intangible confidence. And 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 X feed. If you don't follow us on X, you should. Just put our name in. If you'd like to email us, just be nice. Just be respectful. That's all you got to be. We can disagree with you 1,000% and vice versa, and still be respectful.

But if you like Hamas, if you like terrorism, if you're racist, if you rob the bank today, we're not going to like you. So where do I start? Well, cause and effect. Oil prices today, as I speak, have broken out above the highs of May, up $7 right now as I speak. We warned you. we warn you on several notes months ago we said to you here

total and utter miscalculations miscalculations by this administration on Iran combined with the daily lying by this president on

what's going on with Iran and the straight of Hormuz. And that is a combination that we may argue on. You may disagree, but the market is yelling and screaming, and you're going to see prices at the pump going towards $5. No, I'm not making this up. So you may disagree with my thoughts, but we have been right about the miscalculating. to this day, he's lying about it.

Go read the news about the straits, about what the Houthis did today, that the president says they have no military left while they're bombing the crap out of our bases. A combination of miscalculation on a war and lying about it daily to the American public, which means everyone around the world is a disastrous combination. And again, forget my opinion, $7 today, oil prices. I can also add what we've said to you, how the hell do you not fire somebody? Just remember, the president takes opinions of the Defense Department. run by Mr. Hedgesseh, who, by the way, I've only met months. Believe it or not, you know, I met him in Jerusalem.

He was filmed in a documentary and I produced myself. This was many years ago. How is the head of the Defense Department not fired? Somebody's got to tell me that. But back on point and you, you're going to see gas prices at five. bucks. If nothing changes, we're talking present right now, up another seven bucks. If you look at the USO, it is an ETF, an exchange traded fund, or whatever they call it, it is broken out of range today higher than the May high. This is bad news. Why is it bad news? Number one, what you're

paying at the pump. Number two, the cost of everything. Go search the question how many products are made with petroleum and you'll see what we're talking about. It is by no accident. Some of the weakest areas of the market are airlines, cruise lines, transports. Why? Duh. Spence. Gas. So that's for starters, a sheer and utter disappointment, a big failure, not measured by me, but by the markets. I promise you that counts in a very big way. I heard diesel prices up in California, 10 bucks. So that's number one. And as we have said to you, I don't know how we extricate. And the reason I say that is because Iran doesn't give a crap. And they played the president like there's no tomorrow, knowing about his elections. And I take no joy in stating these, but these are facts. And as I speak, it's about 233 p.m. Florida time. Market will close about 90 minutes, make it 87. Dow down another 400. S&P down 48, NASDAQ 173.

Advanced declines another horrid day. Yesterday was 3 to 1 negative. Today, the New York is more than 3 to 1 to the negative, nearing 4 to 1. NASDAQ's 3 to 1 to the negative. So I start with that, bitter news. Sorry to say. And again, not only a total miscalculation, but just lying to the public on a daily basis about what's going on.

But we're not done. As we'll talk market specific, but as you know, we have been telling you, housing-related, retail, consumer areas, hotels, cruise lines, airlines, casinos, restaurants. I don't know what the reason is today. today they're clipping commodity types copper aluminum platinum palladium being down today in a very big way very mushy markets they don't like higher oil prices and let me repeat expect near five bucks what california is going to be up next but there's

This is the one 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,

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That's 8-8-2-5-9. That's 888-4-22-55-9. investment advisory services offered through Coltbaum capital management 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 and welcome once again to Investors Edge I'm pretty sure in the show tomorrow but just in case I'm not but tomorrow amazingly unbelievably is the 25th anniversary of 9-11 and I as I have stated to you

many a time here I know exactly where I was what I said a day driving home wow 25 years almost like it was yesterday if you have time go we're stories of the fire men and women that were running up the stairs while everybody was running down the stairs to get out. Go read those stories of unbelievable courage. You know, you never know how one's going to react in a time like that. They all did their job. I hate to put it in that context. I've been spending time today reading up amazing heroism. Amazing.

We move on. So I guess the Republican Party is having some sort of convention for the midterms. And I gave it a title, Socialism 101. Donald Trump, I have stated this before. and he proved it right big time last night, is an absolute unadulterated socialist and unfortunately a dishonest socialist. Socialism is about the control by government

in many areas of this country. Whether it's positions in companies, threatening the head of the central bank, threatening gas stations, you either lower your prices or else, threatening oil companies, you're making too much profits, you better give it back or else.

Taking dollars in donations to pardon white-collar criminals, you and your family making billions of dollars, in very suspect deals. This after you ripped the Biden family for their corruption, by the way, we did not excuse Biden's corruption. We ripped them good. So the president did two hours of a speech yesterday

and lied for about an hour and 40 minutes and then proposed amazingly $5,000 to every adult, vote for us and you're going to get $5,000. Well, first let me tell each and every one of you, don't spend. He's lying. Do you remember the Doji 5,000 they were going to send you? No, you don't remember that, do you? Because you never got it.

There was also a tariff. What was that, 2,000 they were going to send you? Nope, they did. Checker. you were going to get from health care stuff, no, you didn't get it. This was socialistic pandering at its

height, the heightest, that's a word. And what's more than depressing is not just him, but others afraid to not kick his socialist arse

and saying, oh, what a great idea. Horse crap. If that was a Democrat, offering that a bribe to get votes the Republican Party would be ripping the stuffings out of that Democrat

but now oh what an idea as we have told you we left this party years ago because we saw the train coming down the tracks it's getting worse the record there will be no $5,000 check even if they keep the House and Senate, you're not getting it.

It's a lie, and it's tiresome. And don't get me started on the president's lies about 9-11. You can go read that crap too. Oh, we're not done. The Treasury Secretary, who we have told you, is about as overrated as can be. All I keep hearing, genius, genius, so happy. He's the Treasury Secretary.

Well, first off, after Janet Yellen, I... Scooby-Doo. Let me give a quote from the Treasury Secretary. I am the House now talking about the bond market, which takes us to the next part of the equation. First, we did the oil, which, by the way, is still trading. It was just up almost $7. It's up about $6 now.

So it's moving back and forth. Well, you got the Treasury Secretary that thinks he's bigger than the bond market, which is trillions of dollars. Billions buying up long bonds. And as I've stated, that's a fly on an elephant's arse. I hate to tell you as I speak right now, the 10-year yield is up over a stick today. 4.9. Yesterday it was 4.837. It is broken out of multi-year range. The five-year yield is up 1.26 today at 4.738. So you have a Treasury Secretary. That doesn't know what the hell he's doing either and thinks he's God. We already had one person thinking he was God, and that's Powell, with the illness

Powlitis, that we still have the run-on effects of the housing market from Powell. Now we have a guy that thinks he can control the bond market with billions of dollars. Up next, outcome, and whatever else. yes we're being blunt today because we care this is the one only investors edge you're listening to America is talking 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 called bomb comes highly recommended you're going to feel better if you talk to so the two most important cabinet members

defense secretary who should be fired and the treasury secretary who thinks he's God. I am the house now. First let me state for the record, you're the house. I'm the house. The 350 million people are the house. The 260 million adults are the house. I believe it's 160 million who go to work every day to do better for themselves in the face. and their families are the house. The treas for us, the house. We don't work for him. The Treasury Secretary is not the markets.

The markets are the markets, and they're supposed to be free. But he's intervening and interjecting himself. And so far, he doesn't have a clue. So far, a certain finger has been stuck out at this guy who says he's the house now. Since he started this inept buying of bonds, all bonds have done are gone down and yields have gone up.

And today, another big move up into multi-year highs. And that combination, what have we told you here, of higher yields and higher oil is one hell of a one-two punch. And as you know, we speak to industry here. And as you know, we don't do it with any bias. A general I have spoken to industry. They're worried.

They're worried. They're worried. Remember, the economy runs on. what it is used to having. Hey, I'm a big company corporation. I'm used to having oil prices here. I'm used to having yields here.

And now both sharply higher. Adjustments have to be made. Profits go down. Markets get affected. You all know that. you, the people that are out there working, you know that. If you are an Uber or a lift driver, what you make being eaten up,

if you are buying a house and getting a mortgage, you pay a lot more than you did. Before, if you are just the toughest job in the world, a mom, and you're driving your kids, around. You're paying a lot more for gas. And I can go on and on and on. It is you have sheer ineptitude running the show. They have been telling us they are geniuses. They are far from it. What I get from many people right now, well, it's better than

Kamala, if that's the only answer we can get, we're screwed. We were told they were genius. Not to worry. And we end up with capitalist control freaks and very corrupt. And again, none of that is opinion. It's all out there for you to see. and again we take no joy but now

as we start the show you the market your money your job your industry and he was up there for two hours last night lying out his butt

about I can't even begin to tell you and those of you that love him and are cursing me out right now take a step back and ask yourself if Joe Biden was doing all the things he's doing and now offering a lie, $5,000 vote for me, what would you be stating and saying? As we have told you for years, we are policy people.

We see no personality. We see no personality. That's why I'm always amazed how people in love or in hate of politicians I never have understood it never understood it I remember when Hillary lost the Trump or everybody's crying

when Obama won oh wow when Trump won the ones that love them fabulous ones that hate them sick to their stomach and I'm like me just do the right thing and Trump on the border

A plus, plus, plus, plus, Biden on the border should have been impeached. Policy. That's all we care about. Honesty. Respect. Just do the right thing. On a side note.

On the Biden's. You know Hunter Biden has been given interviewed on TV? Are these people sick in the mind? interviewing this crumb. Do you know what he did yesterday? He put out a meme coin. It's dropped 95, 96% already.

What an ass clown. Another corrupt piece of crap. He had friends of Joe paid half million bucks for his paintings. It was just all that was what was he doing? For the family, himself, a somewhat legal way. He's not selling paintings anymore. You know why? Biden's out office.

The Clinton Foundation, let's go back, they made billions of dollars. You know when money stopped flowing in a big way to the Clinton Foundation? When she lost. The corruption in D.C. on both sides of the aisle absolutely sucks. And unfortunately, this guy, the king's sucker. Him and his family, billions. Trump and his family, billions of dollars through government largesse that they control. Happy about that?

But back on point. Oil's up six bucks as I speak. Yields five and ten year or up more than a stick today. Market, hey, it's off the... 50, NASDAQ 144, S&P 42. Just rough day. Advanced declines, you ready? 936 up, 3,393 down on the New York.

1,202 up on the NASDAQ. 82 down, you ready for this? New Yearly lows in the New York and NASDAQ, 1,000, I take it back. uh nine hundred and seven new yearly lows tough going rough going confidence waning and by the way we've even just mentioned what trump has done with canada illogical stupidity and a complete not understanding of trade by this president who are the greatest word in the dictionary. Hey, up next, innards of the market, we'll go through it. And the

why? This is the one only Investor's Edge. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In Investors Edge with Gary Culpa. Once again to Investor's Edge. I am also in a bad mood today because I have Drake May in Fantasy League and he threw three interceptions last night but I'm pretty sure he's gonna have a good year at least I hope all right now that we're done with that and by the way before you email me those that really love the president before you email try to take me on I want you to take 60 seconds that's it and ask you

yourself if Joe Biden or Hillary Clinton were the doofist that runs California, did everything and said everything that President Trump has done and said, and I was ripping Biden or Hillary or the doofus running California, you'd be applauding me, right? I want you to think about that before you email me. Try to take away your bias and just think about policy. And whether it's good or bad or whether there is a gender, ulterior motive, or bias, or ego getting in the way. That's all. Retail. Barish. As we have said all long, we've had like three or four or five retail names were relatively strong, the rest bad. Cruise lines, airlines, hotels, gaming slash casinos, bearish and pretty darn bearish, obviously the outcome of oil prices.

Housing and housing related, bearish. We've been bearish on that. What would be the cause and effect? mortgage rates go in higher. And I think we are at record inventory around the United States. Yeah, I'm pretty sure. Commodity types. Take away gold for a second in silver. Other commodity types. Some of them looked okay before today.

They're getting creamed today. Restaurants. We've been naming a few that were pretty strong. Less strong now. Now, with in bad shape, by the way, consumer-related again. Economically sensitive names. Well, United Rentals is down another 47 bucks today. What can I tell you?

And what do we mean by economically sensitive? Industrial. United Rentals, W.W. Granger. Crap like that. Financials. Well, they just topped out the region. banks. Other banks couple are in shape, others not, a lot of financials trading below the 50-day moving average, and not great. Transports, duh, under a lot of pressure. Why? Of course why. Gas,

oil prices. And they've been worsening by the day, though I do want to mention the Uber CEO, I think just bought a chunk of stock. About to tell you how much. Uber, 10 million bucks at 71 bucks. Uber's trading at 72 and a half. And I also told you the CEO bought 10 million bucks of Intel at 95. And that stocks at 101 today down five bucks. There's a little bit of news for you.

Consumer staples, a couple that are strong. Smucker is strong. Most of them are bearish. Semiconductors. Artificial Intent had a nice three-day move, getting roughed up today. And it's been a narrow move. What do we mean by that? Well, I have about 100 semiconductor names and about 75 artificial intelligence names. That's 175 names. I'm going to get to 160 of them are still below the 50-day move in average. Some way down in their bearish phase. And to be avoided. others as we've said things like a better action in Sandthis micron a few others medical

health care farmer they were having their way for a while they're getting hit now getting roughed up starting with Eli Lilly Eli Lilly broke out of range failed and now breaking down go figure and then there's the advance the client figures, all that means is the chart patterns worsen. The downtrends get deeper. More names top out. Markets are tougher. Creates headwinds. Simple as that. Short term, leave no doubt. Markets are deeply oversold. stretched extended decent

drop in oil prices any decent drop in yields think we have a good bounce but as of this second at 3.02 p.m. Florida time 9.02 p.m. where I am in Italy oil up $5.70

the good news is it was up 7 yields up over a stick on the five and ten year. That has to change. They came out with an inflation number today. Not good. Oil. There's another inflation number tomorrow. Have no clue what it's going to be.

Have no clue with the reaction. But oil dictates. It's everywhere. It's in everything. It's the economy. And now, bucks, now breaking out of range, while the president tells us he's in control. I have news for the president.

Oil prices are in control now. You have a great evening drive carefully. Sorry for the pessimism, but we... Until tomorrow, have a great evening drive carefully. When you get home, do like we do. Make sure you hug your family, hug your children. Good night, all. Peace out.

Bye-bye. with Gary Cult Bomb on Biz Talk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryKK.com.