Investor's Edge with Gary Kaltbaum - Support Holding
Episode Date: December 8, 2022Follow Gary on GaryK.com or http://garykaltbaum.com...
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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 Colbom, your host.
A thanks of being with us.
Stay glad you here, ladies and gentlemen, happy that you are listening.
It is December 8th.
It's Thursday, 2022.
My son Eric's birthday, he's 27.
When he was six, we had him on this show.
We had people call in singing him.
renditions of happy birthday and the best rendition would get a prize from us.
Colin Brady was my producer who unfortunately passed away at a very young age many years ago.
My son's now 27.
I feel like I've lost all the years.
What can I tell you?
Hey, this is a show about you and the disrespect of you and your money, your taxes, your
job, your employment, the economy, the markets, inflation, deflation, markets up, markets down,
and everything else in between, without any agenda, ulterior motive, or bias. We lost all love
for all of the Morlocks, all of the control freaks, all of the Marxists, all of the socialists,
and we intertwine all that, unfortunately, with you and the markets and the economy,
because they never leave us alone.
Their sleazy, slimy, grubby hands are always in our pockets,
and we don't even know it when it's happening.
That's how good they are at it.
So we will whine and complain today about them,
but we have lots to talk about about this market.
Yeah, about about this market.
But first, and by the way, we are much more important than the top shows, top listened shows on all the earth.
They just have 8 billion more listeners than we do.
What can I tell you?
Much more important than them.
They were promoting crypto.
They were bringing on guests of crypto that has destroyed all wealth and prosperity.
and they don't have a clue about the markets in the economy, not a lick.
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 a Twitter feed.
You can get it on most podcast sites also.
And you can email me, just be nice.
That's simple, right?
Just be nice.
We're nice.
I promise.
And if you'd like to help out next Tuesday, because we got hit
with that hurricane here last month
that we couldn't do our Thanksgiving dinner
that my family is sponsored.
I think it's about 18 years.
We're definitely over 5,000 meals
for kids at Thanksgiving.
That may or may not have one
from the Boys and Girls Club of Central Florida.
So we're going to be doing it next Tuesday
here in Central Florida.
It's going to be like a quasi-th Thanksgiving holiday
dinner for these young kids.
And we can't wait.
And if you ever want to donate
to the Boys and Girls Clubs of Central Florida,
just because you like me and you want to help go to bccf.org and donate you'll help the kids out
and just note my name in there yeah you were listening to gary and he begged and pleaded
all right so first off the big news i think it's big news an american came home
that was being held hostage in rusher that she should
should not have been held hostage in Russia.
Brittany Greiner.
That is great news.
That is great news.
I could not be happier for her family.
I mean her.
They had put her this crappy,
I don't know what they call it,
but it's pretty much a bad place.
So she's home.
I'm getting all kinds of emails already and valid.
She was traded for a real bad guy.
And instead, I don't want to get into the whole thing.
We'll let you do your homework.
The guy's name is Victor Bout, B-O-U-T.
Go check him out.
We traded her for him.
Also, there's a gentleman by the name of Paul Waylon over there, W-H-E-L-A-N.
He's being held hostage also.
And yeah, I use the word hostage.
He didn't come home.
And I'm just thinking to myself, if I'm the Presby United States, leader of the free world, maybe I would not be able to, but I would have done a two for one.
If this prick, Victor Bout, was so important to them, I would have used that as leverage.
Now you lost big leverage and you left somebody over there, which, by the way, military.
And let me tell you what people are complaining about.
You left the military guy there, but you brought home a basketball player celebrity type.
Interesting, huh?
I could not argue with that point.
You know, you're trading people.
So go check it out.
You decide for yourself, right or wrong or indifferent.
But that was a big story that they happened early in the morning.
And we're thrilled for her.
And I know some whiners and complainers,
I guess she's one of those that kneeled during the National Anthem, and people are mad.
And why should she come home?
She's not American.
Oh, stop.
And you know I'm one that is, that irks the hell out of me.
But come on.
Next, I'm so worried about us because I'm so worried about them and what they're doing.
you know that
I'm worried about final outcomes
forget that market was up nicely today
and we're going to talk some positives today
well until tomorrow shows up
let me read some things to you today
that just I don't understand
and I think you're going to probably agree
there's a man in New York City
who took a bat and bashed the guy's head in
bashed the guy's head in
just on the street
sucker punch
sucker bat at him in the back of the head.
He was released on $7,500 bail.
Now, if you take a bat and hit somebody on the head as hard as you can,
isn't that attempted murder?
Isn't that attempted murder?
They charged them with lesser crimes.
Oh, and it's a big swing.
There's a video of it.
What the hell's going on out there?
If you're telling the criminals, you can take a bat and swing as hard as you can at a
Dan's head and be charged with a lesser crime that attempted murder and get out the same day with $7,500 bail.
What's to keep any of them from taking a bat and swing it at any of us?
These people run in New York City are sick in the mind, and I think until it happens to them or their families, they're not going to give a crap.
And I know it's just New York City I'm reporting on, but you know what's going on in a lot of places.
They've made crime pay.
Crime doesn't pay.
It pays to be a criminal.
You get away with it.
$7,500.
Nothing.
And it's funny, his attorney says, well, they got into an argument.
Yeah, so just bash a guy's head in with a bat while he's not looking.
So that's just one thing.
I had to start with that because I'm,
that's safety.
I'm going to be in New York City for the holidays.
My sons live in New York City.
The attorney says, oh, he's a lifelong New York and a father of three who is never so much
as Jay walked in his life.
Yeah, but he just bashed the guy's brains in with a bat.
$7,500 bail.
What does that have to do with your money?
Everything.
Next.
I just want to let you know they passed an $8,58.
billion dollar defense bill today. Now, you know me. I'm all for the military. I'm for the
defense of the citizens'ry and the country, but they have not accounted for a couple of trillion
dollars in assets of the Pentagon. And I'm going to give you out some figures in a second that'll
shock you. Much more. And the markets. This is the one only Investors Edge.
Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just
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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.
The last bastion of quality programming.
With Gary Coltbaum.
It doesn't get done.
better than this.
By the way, the man was charged with attempted assault.
What do you have to do to be charged with attempted murder?
I'm asking each and every one of you.
You take a bat, you bash as hard as you can, the back of the guy's head.
You're telling me that's not attempted murder?
Next, $8.58 billion defense bill.
$8.58 billion.
And they still can't account for, I don't know, 60% of the assets from the Pentagon.
Okay, here's my problem.
In the year 2000, the defense budget was 320 billion.
It's now 850 billion.
Somebody explained to me what's going on.
We defended ourselves pretty good at 320 billion.
Oh, we needed Homeland Security because 9-11.
We need to do some more things.
Okay, so 500 billion.
No, $600 billion, no $700 billion, no $850 billion.
Next, I'm just going to report this to you.
And here lies more nausea.
More nausea.
And I'm not making this up.
Joe Biden has given $36 billion of our tax dollars to the central states'
pension fund. It's one of the biggest pension funds in the country and he's given them our tax dollars, $36 billion because they underfunded and mismanaged it with many claiming a lot of corruption. We the taxpayer has to pay for the union's crappy handling of their pensions to the tune of $36 billion. We're just the
bigot. We're nothing.
And of course, if they
run out of it, they just print more
money.
Now, in case you're going to be, oh,
you're going after Biden, what about their power?
Trump.
Trump did all these ridiculous
tariffs that screwed our farmers
and guess what he did. Take our
tax dollars and gave it to the farmers,
who, by the way, I love.
But when are these people going to
stop in both parties?
They just gave billions of dollars
the semiconductor companies who make billions of dollars.
What do they need our tax dollars to increase their business
when they're making billions of dollars?
Shall I continue?
Wall Street screwed us back in 0708 with massive fraud.
Nobody got indicted and they took our $800 billion, gave it to them,
and they became multi-billionaires after the fact and we got nothing in return.
What did we get?
Oh, that's right.
Do you know what else they did?
They told us they saved the auto industry back then with some of that $800 billion,
which was a big, fat, juicy, gargantuan lie.
They saved GM's unions.
Auto industry was never going out of business.
Ford didn't need a buck.
GM's unions were just killing GM
to the point where every time they made a car
they lost $1,500 to $2,000
because of overpaying,
we paid off the unions with our tax dollars.
Shall I continue?
I can go on for hours.
They're killing us.
They're destroying us.
They're disrespecting us.
They're using us.
And as I say to you are both Republicans and Democrats,
They are cursing each other out in front of the camera.
They're laughing their asses off behind the camera.
That's what it's got to be.
You know when you shower, you turn it off, but the water keeps running and nothing you can do stops the water from running?
That is them.
And our tax dollars.
36 billion to a union that failed with their pensions or underfunded it.
You know what that means?
They're supposed to take money and put it aside.
and they didn't on purpose so they can go to Joe Biden,
hey Joe, just give us the freaking money.
And that's all that's happened here.
That's it.
That's all that happened here.
And they don't care.
They're laughing their asses off at the elections,
cursing each other out, blah, blah, blah,
and then they're crushing us.
You and I, and they're so smart.
somehow they get people in the tank and love it them now they love Trump they love Biden yay
yay yay give them money give him this give him that and they're crushing us
Trump started a defense fund for his election collected over 200 million bucks and didn't
start a defense fund you want me to continue John Kerry that hypocritical Marxist
who tells us what we have to do about climate change and that gets in a
freaking private jet to go to his three yachts.
He's being interviewed across the pond.
And they ask, so you're saying the U.S. people's taxpayers, the taxpayers need to pay for other countries and their climate woes?
Yes.
What is the matter with these people?
They just don't care.
You know the three letters, OPM?
That's all they're good at.
other people's money.
Washington, D.C. is turned
into nothing more
than a colonoscopy of
us and our wallets.
And if they don't have enough, they just print it.
Which, by the way, cause the freaking inflation
that you're paying crap loads of money
extra for things because of them.
Not to mention during that time,
took rates down to zero, screwing you the saver.
And we keep voting.
them. Oh, but Gary, there's only one person against one person. What are we supposed to do?
Answer is, I wish I knew. I wish I knew. That was just today. That was just today.
What they're doing to us. Just today. And you know 36 billions are like a footnote to them.
You know that, right? Neil Cavuto said to me in 0708, 0.08, when they came up with the 800 billion,
You know, his exact words me, you know, Gary, the new big word's going to be trillion.
They're going to normalize it.
And you know what that does?
36 billion is a footnote.
Up next, we'll segue.
I'm Gary.
This is the one only investors, Ed.
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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 Colbomb.
It comes highly recommended. You're going to feel better if you talk to him.
So, by the way, John Kirby, who's head of the state department, I think, is actually, quote as saying,
nobody's doing backflips over trading this Russian arms dealer, Victor Bout for Brittany Grinner, so they're actually agreeing with me on that.
But I'm happy she's home.
I just had to spend the first half of the show on facts on how these people just are crushing us.
And you want to know why I worry about a gargantuan bust at the end of this road.
You're wondering why.
They're crushing us.
Think about this.
In simplification, simplified terms.
A pension fund on purpose does not fund the pensions,
goes to their buddy who's now the president,
just screw the taxpayers.
Oh, and it's only $36 billion.
Oh, did I tell you the budget this year
is going to be $5.8 trillion spending
with $1.3 trillion debt,
deficit? Did I tell you in the year 2000? Our federal spending was only $1.8 trillion. It's now
$5.8 trillion. Oh, but just letting you know the market was up today. In one day, look what I had to
tell you. And before somebody emails me, Gary, I used to do only markets. This is everything to
do with you and your money. When we go into more debt, it affects things. When they take
more of it it affects things when government grows in the economy doesn't it affects
things and I am surprised right now that every man in this country is not singing
soprano because they are kicking us right in the grapefruits on a daily
basis I had to leave the women out because you know okay you know that part and
you know what would happen if I decided to run for president go and get up against
all this they would destroy me that's the machine the market rap is
Brought to you by Investment-Dashmodels.com.
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In order.
As you know, we've been pulling back.
In order.
Number one.
The semiconductors.
In order.
The last three weeks lows was 2633 on the.
Sox hit 2645 yesterday had a good day today the last three weeks are holding make that we're in the fourth week
that's good news today after pulling back over the last few days and you know how important the semis are
the S&P 500 after pulling back for a few days.
We're going to call it between 3,900 and 3922.
Had a decent day today.
Not as good as the semis,
but you can physically draw a line under these support levels
over the last four weeks.
Very important.
Because if they hold opportunity,
if they break good night,
the very weak NASDAQ, the 50-day moving average.
The low today was 10-9-39.
The 50-day moving average is 10-9-16.
It bounced off of it today.
And you can draw a line right around that 10,000-9 level.
A real stiff line.
And it helped.
Same for the NASDAQ 100 today.
So we'll call this a nice little.
hold today and it better continue. The Dow was weakening all day. It was up 300 with about eight minutes to go
was only up about 60 and in eight minutes finished up 183. I'm not bringing up the Dow right now because I really
think other areas are more important, though the Dow has had the lead. But I wanted to let
you know the areas I care about. I can draw a line underneath today, and it better stick.
If it sticks good, if it doesn't bad. The next part of the equation, if the last four weeks
can get taken out to the upside above the last four weeks.
That's even better.
In the last few days, it looked like it was going to happen.
In fact, that really good day on November 30th really looked like it was going to happen.
It fritted away.
We'll be watching to see if they can retrench and take it out to the upside.
If they can, that would be really good news.
For further upside.
Of course, there are warts.
As we have stated, the oils have topped out for now.
Some getting hit pretty good.
A lot of the financials have topped out.
Now, financials topping out is not good news.
Oils may be topping out as good news.
Why?
Because if the price at the pump comes down, that is huge to the consumer.
Huge for the consumer.
Relief for the consumer.
What about Uber drivers and lift drivers and truckers and the trucking business and the airlines and cruise lines?
It's huge.
So we'll be watching that.
What has changed, though, just over the last few days, when yields have been coming down, the market's gone down.
yields went up today the market went up today
now remember for over just about a year
yields down market up
yields up market down
last three or four days
yields down market down
yields up market up
don't know if that is a
big change
a near term change
we'll be watching
Just right now, it's a change.
But the most important part of the equation today, areas mentioned, holding today.
You can draw a line under the last four weeks today.
And let's hope it sticks.
And one would suggest watch those semis.
They'll be dictating some policy.
and they were relatively strong all day today.
Tomorrow's another day.
But as you know, supposedly we get seasonal strength.
It's a holiday.
It's this, that, and the other thing.
I don't know.
What is still missing?
Big gargantuan leadership.
In fact, anything that tries to break out a range
just tucks its head in like a frightened turtle.
There's a few things that are on the strong.
side that have broken out but most now what is strong now continual is is China it's
been dead money it's been crushed it's been destroyed because China did itself the
government locked down shut down did everything possible and they're still bad
people they're destroying the freedom there but they're now opening up to a certain
extent it's getting out there and you have really good moves in some of these
Chinese stocks some of them are at new yearly highs
I have not played one.
I'm chicken.
I'm a wimp.
But I will let you know when you look at the new yearly high list tonight,
you got a few names out of China.
And as always, you get to decide.
I just don't like waking up overnight.
The government there decides to take out a machete
and cut the companies off at the hips again.
They're very mean people over there.
I can never visit you.
China again. I'd be too afraid. Seriously. Up next, more in these markets. And whatever else,
I'm Gary. This is the one only investor's edge. This message is brought to you by the Capital One
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1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply.
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You're listening to
What are we waiting for?
Well, what are you waiting for?
One, two, ready, go.
Investers Edge
with Gary Culper.
And welcome once again to Investor's Edge.
By the way, we hate that we have to start off
half of the show on what they're doing to us.
What they're doing to us.
And it's going to get worse.
You know why?
The same people are in power.
By the way, in the continuing soap opera of my Home Depot issue, are you ready for this?
I just got a letter from them.
Important information regarding your billing dispute.
Why we're writing you, we've received your inquiry regarding the disputed charge listed below.
We are investigating your claim and are working to resolve it as quickly as possible.
Here's what you need to know.
During our investigation, you are not required to pay the disputed amount.
Hey, thanks.
including any related interest charges of fees.
If additional information is needed, we will contact you.
In the meantime, we're working with the merchant on your behalf.
On my behalf, to ensure a swift revolution, resolution, excuse me.
After our investigation is complete, you receive a resolution letter with details on our decision.
They're going to make a decision on their refrigerator that came a month late,
that didn't work, that they picked up themselves,
and they're going to give a resolution to me.
Ain't that grand?
Where I had to contact the president's office,
where the president's office called me,
and finally got me a refrigerator.
A month later.
So it took two and a half months,
two bad deliveries,
a bad refrigerator,
a phone call to the president's office,
and they can't refund me my credit card.
And by the way, we've contacted the president's office again.
And they kind of shrugged me off, by the way.
They said we will escalate the refund.
That's four weeks ago.
Real escalation.
And I got to tell you, I love Home Depot.
You've been to Hope Depot?
It's the greatest.
And the people are great there.
The people are nice there.
And they're killing it at corporate.
And they're very bad with their appliances and their deliveries.
they contract out these other companies and then they shove you off to them you bought a whirlpool
go contact whirlpool no i bought it at home depot yeah but you got to contact whirlpool oh you can't
contact warpool call the transportation company yeah but i ordered from you home depot why do i have
to call the transportation company why can't you do it for me because i bought it from you i paid you it's
on the home depot credit card oh it's not a home depot credit card it's a chase credit card we
contract through Chase, you need to call Chase.
That's what I'm dealing with.
It's insanity.
And they're going to call me and let me know
about their resolution.
I'm going to let them know about their resolution
when they get a letter from my
attorney.
And just me talking about it on
this show is just bad advertising for them.
And I'm not trying to beat them up.
I'm stating facts to you guys.
Not opinions.
It's amazing.
And you know, I think even more amazing
as I think they care.
I don't think they want this to happen.
But they got this weird system.
I think we really need to go back to the Dixie Cups and Strings.
You know?
Sometimes I think we need to go back to the Flintstones age.
You know, there are now companies that when you call up now,
there are just no more people anymore.
It's all the tape recording that sends you to the next tape recording,
to the next tape recording, to the next tape recording,
before you pull your hair out, you're drinking your third shot of tequila.
The businesses that treat you like a human being
and stay away from too many robots and recordings
are going to win out going forward
because I got to tell you, it's getting too much.
Back on the markets.
So China ADRs, they're just China stocks that trade here.
China's been opening up.
They've been held back.
They're really on the move.
I haven't touched one.
I wish I did.
But again, these stocks have been murdered because of the decisions from a government.
Oh, boy.
But I'm just letting you know they're on the move again today.
China related.
They really are now.
It looks like they really are opening up.
Though I'm hearing some cities, we'll see how it plays out.
The semiconductors held the last four weeks lows today has not breaking above range.
Still very weak versus the Dow.
Same with the NASDAQ, same with the NASDAQ 100, same with the Russell 2000.
The banks look to be very weak in here.
And I think that has to do with the fact if the Fed's going to raise short-term rates and long-term rates stay down, where's their margins.
Oil stocks in trouble.
Oil prices heading lower.
We warned you about that over a week ago, and they've done nothing but weak.
The bombed-out, destroyed software,
Good Night Irene stocks.
They had an update today,
but they've had plenty of updates over the last six months,
and guess what?
They haven't gone anywhere with some at New Yearly lows.
If anything shows up better than others, we'll tell you about it.
The rest of the day was a kind of a big bowl of slop.
The doubt, good day today, at the close.
was up 60 with eight minutes to go, finished up 180.
Nothing, Home Depot up four, Microsoft up three, Microsoft can't find a friend.
McDonald's up three, Nike up three, acting better.
United Health, go watch that one, UNH, is back near the old highs of April of August, of October,
and just can't break out.
If it decides to break out, probably something to be paying attention to
because very well-managed company with very good earnings.
that's just stuck in the mud.
If it gets out of the mud,
could lead as part of the Dow,
simple UNH.
We don't own the stock yet,
and we will not own it unless it really breaks out and sticks.
Sticks the breakout.
You know what that means?
Move a bud range,
and don't tuck your head in like a frightened turtile right back down.
And that's our day.
Tomorrow I'll be on with Neil Cavuto in between noon and two.
Not sure which hour.
Check that out.
And until tomorrow, this show, thanks for joining us.
Drive carefully wherever you are.
And when you do get home, make sure you hug your family.
Make sure you hug your children.
At the holiday season, consider doing something for somebody you need absolutely nothing from.
It'll make you feel better.
Peace out all.
Really appreciate your time.
Night night.
Bye, bye.
This has been Investors' Edge with Gary CultBomb 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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