Investor's Edge with Gary Kaltbaum - THAT DEBATE [09.11.2024]

Episode Date: September 11, 2024

https://garykaltbaum.com/...

Transcript
Discussion (0)
Starting point is 00:00:00 At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at cvs.com or just come by store we can't wait to meet you store hours vary by location investors edge with gary coltbaum straight talk about you and your money now from the biz talk studios here is gary cult bomb and welcome once again to investors edge i'm gary coltbaum your host day thanks for being with us today
Starting point is 00:00:50 glad you hear ladies and gentlemen happy that you are listening it is wednesday september 11th and i must tell you woke up today to a morning show on one of the networks. And by the way, this is not an indictment. The initial hour, they spent more time on Taylor Swift than 9-11. Now, in the second hour, to be fair, when they went through the moments of silence, they covered it. But, wow, it really is a wow, the farther we get away from it, the less, of course, depending on how it affected you or your family.
Starting point is 00:01:38 I still remember exactly where I was standing. Downtown Orlando office, when the first airplane was trying to remember exactly how was I think they first showed the hole in the building. And I'm not going to mention who, but a certain somebody on the financial channel said it's a small airplane. And all I was thinking to myself, wait a minute, I was just at the World Trade Center
Starting point is 00:02:13 about nine months before. That is not a small private plane. And then, of course, everything else. I remember exactly where I was standing. I remember exactly when I walked in to the manager's office saying, That's no effing small plane. And then when the second one hit, the F bombs came out terror attack and all that.
Starting point is 00:02:46 I did not have any family or close friends that were that passed in the terror attack. I knew a person in the industry only by, I met him a couple of. the Times. And I also met somebody through a thing I was used to do called trading markets.com, somebody that to this day, I believe, kept his suit that was full of whatever fell on top. And I think he put it in an acrylic case or something like that. We can't forget it. And let me tell you what we really can't forget. If you have a chance, 60 minutes replayed an hour-long show on the firemen and women. And in case you don't know, after the first building went down,
Starting point is 00:03:50 those people in uniform went up into the second tower knowing there was a damn good chance it was going down also, and they were going to die. It was told during this show that as they were going up, they were hugging others that weren't going up and not saying good luck, but goodbye. That's unbelievable. Most of us will never be into a position where you have to choose life or death in order to start. save someone or do something. And without even blinking an eye, these heroes knowing there was a very good chance because the first tower went down, still went up.
Starting point is 00:04:54 I can't even imagine that. I couldn't even Anyway, I just wanted to start the show Because we really cannot forget Ever that happening And the simple reason why There are so many That are out there
Starting point is 00:05:17 That would love to get their hands on this country again It's the reason why Israel Israel is telling every One of these racist anti-Semitic jackasses That say, calm down, whatever there's a reason why. How is a country do you have your enemies that just killed 1,200 people and are saying they'll do it a thousand times over? How do you just lay back and do nothing? Interesting thoughts, huh, ladies and gentlemen? We start with that. And let's just in a 10 seconds.
Starting point is 00:06:05 are just hanging. We segue. For all of you that love Donald Trump, I have a message. Missed opportunities, unforced errors. The good news is, the good news,
Starting point is 00:06:51 and I don't know if you know this, that debate last night will be off the table within a couple of days. Nobody's going to even be thinking about it. everybody's going to be moving on. The people that were going to vote for Trump are still going to vote for Trump. Not one of them is going to go by the wayside. The people that are going to vote for Kamala Harris is still going to vote for Kamala Harris.
Starting point is 00:07:20 There's still over 50 days. Why am I starting this way? Because I don't think Kamala Harris could throw a knockout punch. to Donald Trump, though they think they did. But Donald Trump had an amazing opportunity to throw the knockout blow and blew it. Absolutely blew it. You know, here we prosecuted the last three plus years of the Biden-Harris administration perfectly for each and every one of you. Donald Trump did not
Starting point is 00:08:03 until his closing statement where he didn't have enough time where he said why didn't you do all of this in the last three and a half years but he had 90 minutes and I don't care about the moderators we knew
Starting point is 00:08:19 listen just so you know these anchors and reporters that are in the tank they don't care about you or I they don't care that they're that half the country is probably pissed at them. They don't care. They knew what they were going into,
Starting point is 00:08:37 and what they did was prosecute Trump and left her alone. We knew that was going to happen, but whoopie do. So what? If anything, it makes them look bad and gives a little juice to Trump. But I want you to think about something for any of you that know Trump, and I'm going to talk to him going forward. Here was the missed opportunity. In the last three and a half years,
Starting point is 00:09:10 Biden Harris told us the border was secure as they allowed. And let me be clear with the words, allowed, let in 10 million people across the border. Illegally, by the way, it's illegal to cross the border. and as the immigration subject came up, it lasted 30 to 45 seconds as Trump segued into other stuff. I love that word segue. The number two poll, polling on what the electorate care about is immigration and Trump didn't say a frickin word, maybe a sentence. and segue
Starting point is 00:10:06 10 million across the border missing children people dying in trucks coming across the border many people dying gotaways where Majorcas their homeland security
Starting point is 00:10:25 Biden Harris admitted in the past oh they don't know where some of the people are and there may be terrorists not a word of that to the country. Not a word of Trump prosecuting immigration
Starting point is 00:10:42 except a sentence or two. That just went by the wayside. The number two most important thing to the electorate. But he talked about cats and dogs. And of course, the number one worry for the
Starting point is 00:11:05 electorate is their lives. Up next. bow tie on it, and then the most ridiculous day in the markets. I've seen a very long time. I think I've said that a couple of times in the last few months. I'm Gary. This is the one-only Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge.
Starting point is 00:11:41 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 complementary portfolio review. The number to call is 888-4-22-559.
Starting point is 00:12:22 That's 888-4-22-55-9. That's 888-4-2-2-5-5-9. 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.
Starting point is 00:13:07 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.
Starting point is 00:13:32 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 IHeartRadio. Listen now wherever you get your podcasts. Struggling to see up close, 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. Learn more at Viz.com. OnDEC is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps,
Starting point is 00:14:11 OnDex loans up to $400,000 help make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews. OnDEC delivers funding you can count on. Apply in minutes at on-deck.com. Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank. On-Dec does not lend in North Dakota. All loans and amount subject to lender approval. It's time to switch on the integrator units and get the brain cells working.
Starting point is 00:14:40 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 okay so what's the number one people being able to sleep at night because of how they feel about what they spend a lot of their time with their jobs their family their checkbook and the like so over the last three and a half years we had the worst bout of inflation since the 70s.
Starting point is 00:15:36 Now, blame who? Don't care. My wonderful father, Herb, that's going to be 93 on October 20th says, whoever is running the show, it's under their watch. That's what matters. So under their watch, the worst bout of inflation ever. And what did Trump do? It was a side note.
Starting point is 00:16:11 Candidate Coltbaum would have been prepared and said, under this administration, we had the worst bout of inflation, and they lied about it saying that when they came in, inflation was 9% when it was only 1.5%. and they had to be called on the lies. And when we're talking inflation, let me give you some numbers. And then his candidate call bomb took out, you couldn't bring notes. But his brain, I would have listed 10 to 20 things of where they were three and a half years ago and where they are today.
Starting point is 00:16:49 And then in the midst of the debate, not at the end, state, well, why didn't you do anything about it? Health insurance is up this much. Home insurance is up this much. Car insurance is up this much. Rent is up this much. Chips, food, eggs, tobacco, paper goods, household products, everything, the basket of goods that was $100 three years ago is $1.24 today. yet Vice President Harris sits here and tries to erase the last three and a half years and tell you what she's going to do next. Why would you trust somebody who's failed on that? Nope.
Starting point is 00:17:41 Cats and dogs. Victor Orban, the guy who runs Hungary that nobody's ever heard of. My crowds are big. Nobody cares. inflation, immigration, the size of government. She was attacking Trump on his debt and deficits, and he didn't say a freaking word. Imagine that.
Starting point is 00:18:21 The administration that's running record deficits, championship belt deficits, attacked Trump on his deficits, and also lied about them because they included the COVID-spendings. in there and Trump didn't say a word but he talked about cats and dogs and orban and crowds candidate call bomb we talked about how federal spending was 4.4 trillion the year before COVID and with COVID they were you had a raise it and went up to 6.5 trillion and under Biden and Harris we're now with over 7 trillion and 2.2 point two point looks like 2.2 trillion is debt but they tell you
Starting point is 00:19:11 they've lowered the debt. How many lies are they going to tell the American public about your treasure? Nope. The CBO has said because of this trajectory, we're going from 35 trillion to 56 trillion in 10 years, which is 2 trillion a year, and they're usually low. Not a word. Taxes. She's proposed to unrealized taxes, higher corporate taxes, higher individual taxes. They had proposed a wealth tax, though, they got rid of it. They get rid of the Trump tax cuts, which by the way, you cannot piecemeal. That means everybody loses the tax cuts. All taxes go up. Not a word. And now Trump's saying it's the best debate he ever did. It was a gargantuan missed opportunity on somebody that to me was a darkboard of failure. and he threw no darts.
Starting point is 00:20:20 Yeah, a little bit here and there. Unbelievable. Stunning, in my opinion. He's got 50 some odd days now to prosecute what I've just stated to you because I have news for you. I have no use for Trump. You know that.
Starting point is 00:20:53 I'd rather have somebody else. But the trajectory, this woman with Biden, and Biden's going to be gone, the trajectory they want to take us on the size of the taxes they want to confiscate the wealth of this country and put into their hands is unimaginable. I have been telling you about the great financial, over the last couple of years, and that is spend us into oblivion first, and then come after the wallets, and boy, oh, boy, they have perfected it. And they've been talking democracy, and democracy, my ass.
Starting point is 00:21:37 Look what they did with Biden. They cooed him out and waited it out until they knew there was going to be no primary. There was no election to put her in this position. I don't care what anybody else says. A gargantuan, gargantuan missed opportunity. I don't care about the ABC turds. Doesn't matter to me. The good news for Trump is the less time and the good news for Trump.
Starting point is 00:22:22 I can promise you, they actually did them a little bit of service, these morons running ABC, the moderators. and she's still that dartboard of failure. But if they don't get out and make their points, President Harris. And if they get the House and Senate, and the good news is, I don't think they're going to have the Senate. They may get the House. I think the Senate will be in Republican hands. That at least stop her to a Senate. a certain extent. But if by chance they get both, you've been warned. That's my take. Next up,
Starting point is 00:23:11 wow, the market. That's up next on Investors Edge. Hi, I'm Dr. Jay 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.
Starting point is 00:24:07 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.
Starting point is 00:24:26 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. Struggling to see up close, make it visible with Viz. Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours.
Starting point is 00:24:55 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. Learn more at Viz.com. OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, OnDec delivers funding you can count on.
Starting point is 00:25:22 Apply in minutes at on deck.com. Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank. OnDec does not lend in North Dakota all loans and amounts subject to lender approval. We're listening to. America is talking. Investors edge.
Starting point is 00:25:41 He's got to be pleased with that. The crowd is just on its 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. Ladies and gentlemen, The Dow was down 700 in the morning.
Starting point is 00:26:13 700. A continuation of blasting the financials and everything economically sensitive. Another horror show of a morning. But during the morning something was up and we set it to the peeps and we think after all, sometimes it takes after the close for us to really get the thoughts together. the NASDAQ, NASDAQ 100, and the Philadelphia Semiconductor index were holding up pretty well. At 500 Dow down, the socks was flat. It only went down after it was down about 700, but not down much.
Starting point is 00:27:03 The Dow at around 350 p.m. 10 minutes to the close was flat. 700 point reversal. and I'm always asked, how does that happen? I don't know. What I do know is people asking me about shorting in the morning, weren't asking about shorting in the afternoon. I don't know what happens in six and a half hours in it one day. I just know what the outcome was. On that reversal, the NASDAQ, which was pretty much flat,
Starting point is 00:27:46 but in that last move down for the Dow, was down 200, was up 300. at 350 p.m. 500 point swing. Now I must tell you that's not even 3% move, but I got news fee in the scheme of things. Those are big 3% moves. The semiconductors that were flat finished up about
Starting point is 00:28:21 4.5% on the day. And then at 350, with the Dow flat, we finished up 1.5%. The NASDAQ was about 300, maybe 295, finished up 370. A great move in, for me, most important area of the market, and that's the semis. And I'm thinking, this is, when you have a day like today to come out and say, this is, but I must tell you what it absolutely looks like
Starting point is 00:29:04 is that big semiconductor index retested the 4,500 area that it hit in August it closed, it was at 4,300 but reversed and retested the 4,500 area in April. It was a little bit lower but reversed within a day and for now that's enough and they just juiced the hell.
Starting point is 00:29:30 out of it as NVIDIA had some conference day today and said, hey, things are great and jammed. And all the semis did what we call a retest of the prior low. And at the close today, I want to say successfully, I don't want to jinx it, but man, that looks like success. And stocks that were getting trashed in the morning reversed completely. Goldman Sachs of import that dropped $22. yesterday was down another 10, finished up four.
Starting point is 00:30:09 I already done my scans, and I'm like, wow. And tomorrow's another day. Beats the hell out of me, but very strong. I'm measuring my words here. Finally,
Starting point is 00:30:29 a change of complexion in the all-important semiconductors led by the Grand Puba and NVIDIA, still a thousand points below July it's high but man oh man we know about the semis they are paper thin
Starting point is 00:30:48 they are led by the few when I scan the 80 semiconductor stocks that I follow I can tell you there really is at this point 15 that drive the bus 65 that are just blah now the recent weakness and last week was really weak the damage that has been done does not repair easily. But man, oh man, that was one hell of a reversal to the upside today. I have nothing
Starting point is 00:31:19 bad to say about it. Volume picked up on the NASDAQ nicely. The S&P picked up a little bit. The fact that we finish strong is good to see. I don't want a jinx as could when you have crazy moves. And let me just state for the record, we have had some crazy. moves since mid-July. And I know we're still September, but I deal in real-time what happened today. And what I'm really thinking about today, and I always try to add things to what I call my little repertoire, say that word 10 times fast, is today I knew the semis finally had some really good relative strength.
Starting point is 00:32:08 and when the market was down 500 and then went down to 700, I was thinking, hmm, what if we drop a thousand? But I really knew that if this market had a reversal, I even told the peeps, I even said to them, and this is not, I didn't predict anything and not acting like I knew what the hell was going on. I had said, we'll see if they can reverse it, going backwards to that time when the Dow was back up, back up only. down 500 and the nats and the semis were flat that should have been a pretty damn good clue that if the dow can rebound and indeed reverse a decent amount the semis would get going and man they jumped all over them today now keep in mind micron closed at 90 it was 157 this is the highs of July and June. Applied materials up 8.
Starting point is 00:33:16 At 186, it was 255. Lamb Research today was up 35 to 76. It was 1130. ASML Holdings was up $48 today to $800. It was 1110. That tells you how far down they are. Man, it feels like they whooped the sellers today.
Starting point is 00:33:48 That's what it felt like. If I had them to do my bidding now, boy, would I love just some quiet little nothingness the next couple of days. But I do believe we have another inflation number coming out and then a continued stair step up. For me, a wow day. And interesting enough, you know what came down today.
Starting point is 00:34:20 What do you think? The consumer staples defensive. Why? Because market went a little bit more on the offensive. So I'm going to do a double scan tonight to see what the heck's going on. I know exactly what's leading, what's lagging, what's new highs, what's not, what's moving out, what isn't. And we'll see if we can freaking get going because I got news for you. I know what the leadership in the market is at any at all times. but you need the big bold letter M, not gagging. And man, we have seen some serious gagging recently. So that was today. And don't ask me why.
Starting point is 00:35:05 I have no clue. The only news was Invidius saying, I believe the quote was, things are great. Whether or not that's true or not, we'll find out in due time. And again, a lot of these semis are way down. So whether or not, we'll see.
Starting point is 00:35:24 Yeah, at Vitiate conferences, demand is great, trying to fulfill everybody's needs. But it's really tense. I don't know what that means. It's really tense. That I don't know what that means. So I don't know what else to tell you. It was another wow day, and we've had a series of them this year. And let me be clear.
Starting point is 00:35:52 They're a pain in the arse. I don't like them. Reversing down or reversing up. Big gaps to the upside. Big gaps to the downside. Gary doesn't like them. Hey, up next, what else we got for you? This is the one only investors edge.
Starting point is 00:36:15 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 stomach ache every day or I'm constantly feeling like
Starting point is 00:37:16 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. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours.
Starting point is 00:37:55 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. Learn more at Viz.com. Cashflow crunch. OnDex's small business line of credit gives your business immediate access to funds up to $200,000, right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expense. without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow.
Starting point is 00:38:28 Depending on certain loan attributes, your business loan may be issued by On Deck or Celtic Bank. On Deck does not lend in North Dakota, all loans an amount subject to lender approval. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Gester's Edge. With Gary Culpa.
Starting point is 00:38:49 Oh, and by the way, for those you have loved Trump, don't be emailing me mad. You know you should be emailing mad? The people that said he did a great job last night. Constructive criticism is the greatest type of criticism anybody can get if they'd listen. If they'd listen. And yes, we know this guy Muir, who, by the way, is the highest risk. rated network news guy at 6.30 p.m. And I have no idea who the woman was.
Starting point is 00:39:31 They were biased hacks. And they knew it. They knew what they were going to do. And they did not give a crap that people knew it and sought. And we're going to complain about it. They had a job to do. And that was prosecute Trump and kiss the R. of Harris.
Starting point is 00:39:56 And they did a wonderful job of that, not questioning her BS, but boy, oh boy, they were questioning Trump's BS. By the way, can anybody tell me if anybody's eating cats and dogs? Do you know there are people out there saying 100% yes, it's going on? And then you hear no, it's not. I don't know. But who cares? And by the way, in the immigration front, I do believe Trump did mention those videos in
Starting point is 00:40:27 Aurora, Colorado, but he just goes from A to Z and back and forth. I would have said, I would have looked at her, and Vice President Harris, you said the border was secure for three and a half years. I would have looked her and asked her, have you seen the videos of these gangs from Venezuela taking over whole apartment buildings in Aurora, Colorado? Have you seen them, Vice President Harris? Nope. But he did ask her about seven to eight months abortions, and she did answer that. But he let that pass also. Remember, I have no use from him. I may have to call them up and help the guy out because we cannot have her with the economy and with our treasure. We can't. I'll have to bite my lip and hope that he gets it right for four years. I know who she is. She has created a third. facade, a mirage, a mannequin of a person to win an election. Bernie Sanders by accident let the
Starting point is 00:41:44 cat out of the bag on the weekend in an interview. We can't have the deficits and the confiscation of wealth that she wants to do, and I know it. And those that have been following me for years know I've hit it pretty well out of the park on politicians. Back to the market. Normally, usually, most often. When you have one of these monumental reversal days like today, it puts in a good low. That's normally, usually, most often. We did not say 100% of the time. The reason why this occurs is because today leaves an identifying mark of washing out sellers at the most inopportune time.
Starting point is 00:42:54 And when all those last sellers are gone, the buyers get the upper hand and lift the market. and the fact that it was led by the semiconductors our number one sector, we think is telling. Because as we have stated time and time again, it is not often markets can ascend in a meaningful fashion without the semiconductors doing some good. And boy, oh boy, recently have they been freaking slammed. I get asked all the time how does these moves happen how does the Philadelphia Semiconductor index
Starting point is 00:43:38 in let's see one two three seven days want to go from 550 down to 4,500 and then in one day boom back to 4,900 don't know it's just what we have right now
Starting point is 00:43:55 a faster moving market and the semiconductors have this AI thing going on and it's a very over-owned area so when the institutions can get their teeth into it boy they take a big bite and again a pretty darn good chance of what we call the retest
Starting point is 00:44:18 just draw a line horizontally go up three inches on a piece of paper and draw a line diagonally down draw a line back up diagonally up make a V
Starting point is 00:44:37 then draw down again back to that line to have a second we'll call it the second part of the W and then jump off of that that is what we call a retest others call it the double bottom
Starting point is 00:44:56 and as of this second at the close today that's what you got in price movement on the semiconductors that are still, again, way below the highs, nicely below the 50-day moving average, just above the longer-term 200-day moving average. But I think we got what we call symmetry today at these levels of importance. Two words. Make it three. But don't blink.
Starting point is 00:45:33 How's that? But don't blink. an inflation number came out today a little hotter than expected but the fact that oil prices have really croaked over the last couple of weeks that should be pretty darn good for the by the way oil prices 82 down to 66 since beginning of july that is lower inflation anyway you cut it next wednesday the fed have a great evening those that have been really well we've all been affected by 9-11 but you intimately we'll continue to think of you and say prayers for you and your families and hope that something like that never happens again have a great evening drive carefully I'll be on with Stuart Varney tomorrow 10 a.m. Fox Business Network and until then when you get home very simple make sure you hug your family make sure you hug your children they'll feel better you'll feel better have a great one everybody
Starting point is 00:46:41 Thanks for joining. Serenity now. Good night. This has been Investors Edge 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. Success starts with your drive. An American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward.
Starting point is 00:47:11 Whether you're changing careers, starting friends, or pursuing a lifelong passion. Our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu. 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.
Starting point is 00:47:36 Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw fly is a game-chance. 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.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.