Investor's Edge with Gary Kaltbaum - THE AI DOWNSIDE [02.12.2026]

Episode Date: February 12, 2026

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at all tastes like. 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 day. Thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening.

It's Thursday. It's February 12th. It's 2026. Hope you're having a good day. We didn't have a real good day in the markets today. We'll explain that in a little bit, by the way. And in case you don't know, this is serious talk on everything that affects you. We will do the markets.

We'll do the slumping markets. The economy, your job, your industry, the Morlocks in D.C., anything that I think matters, we shall cover it. And if you do not get this radio show in your city, we'll post it at garyk.com. Also on our X feed. If you want to follow us on X, just go ahead. and put our name in. We'll also post it on the Biz TV YouTube channel. And if you'd like to email me, just be nice and respectful.

I went back and forth a few times with a gentleman who pretty much disagrees with me on certain things. I'm not going to get into what. But it was done calmly, coolly. Yeah, coolly. respectively respectfully we ended up continue to disagree with each other but no cursing

no mad just move on ladies and gentlemen you know when you wake up something hits you and you don't have a radio show so you can't talk to the world about it but I can something hit me today you know I've said time and time again

that we are the most generous country ever. For the most part, the people this country are fantastic. I say this because I've seen James Vanderbik's face on TV, and I looked it up, he starred on a show called Dawson's Creek. I've never watched one minute of the show. I guess it's from a while back. And I guess he's been in some movies and other TV shows. Well, I saw months ago an interview, he ended up with some pretty serious crappy cancer.

And he passed away yesterday. I think it was yesterday. It turns out because of all the costs, I believe he has six children. children and a wife, somebody put up a go fund me page for the man, his family. $1.685 million, excuse me, $1.706 million for his family. Most of the people that gave have never met him don't know him. 34,100 donations to help a family out from people who never even met this person who passed away. I think it's fabulous.

I just saw that today. And I was like a big wow. And the biggest donation, Stephen Spielberg and his wife, 25,000. But there are a bunch of tens and nine. You know what else I say? A bunch of $5, $10, $15. You know when we always say to you, if able, always think about, especially at holidays, doing something for somebody you need absolutely nothing from, 34,100 people so far.

Unreal. What a great country and a great people we are. Anyway, that was top of my list today that I wanted to bring up. Now we segue into a very crappy day. But I want to read some news to you first on some things. Number one, home sales, tanking. But we already knew that, didn't we? we because we told you so. We told you so. We've been highlighting Florida for you that inventories

have skyrocketed and fantasy land prices are coming down. And here's what it says. High home prices, as we've been telling you, faltering supply and weaker consumer confidence in the economy all continued away on the U.S. housing market. The chief economist for the National Association of Realtors is actually calling it a new housing crisis. I'm not so sure of that. Sales of previously owned homes in January dropped 8.4% from December. That's a huge drop. Well, we knew that already.

Not the number, but we've been telling you we go on these sites and we see it. and we also see a constant dropping of price. We're talking Florida, but it's really a lot of places around the country. So I'm letting you know still it's quite the buyer's market, bid under. And we're talking most places. I think obviously there's some places that next, transports dropped 800 today. I believe they were down 1,100 at one time. and for the life of me, I don't understand.

For the life of me, I don't understand. Let me read the news to you. The U.S. Transportation Secretary Sean Duffy has issued a final rule to stop. Unqualified foreign drivers from obtaining license to drive commercial trucks and buses. These unqualified foreign drivers pose a significant safety threat to the driving public. This is him. These reforms will address safety concerns by preventing foreign drivers who have not been subject to interagency screening from receiving a commercial driver's license. While U.S. drivers are subject to strict checks due national databases for past violations like DUIs, reckless driving or crash involvement, states lack the ability to access the driving records of foreigners illegal immigrants.

the trucking stocks crashed today trucking logistics stocks crumbled today on this news the transports have been acting

terrific the transports gave back like all of the recent breakout almost C.H. Robinson worldwide if I got the number correct, finish down $29 to $167, was 150.

Expediters, down 21 to 140, was down 31, 31. 31. J.B. Hunt, down 12 to 21. I can go on, but you get my point. I'm not so sure I get that I'm a little bit weirded out on that type of a drop next what did we tell you about AI and the brokerage stocks well they first hammered the insurance stocks they started hammering the brokerage stocks because Somebody came out with something that says it would take place of something.

So let me just give you outcomes. Ameriprise. $5.50 down to $4.67. Three days. Up next. We'll do the rest. But there's more. 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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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. Deck is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, On Dex loans up to $400,000 make it happen fast.

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Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. So, Ameriprise, 550 to 467 in three days. It hit 452 today. LPL 395 to 335 to 335.

30. It did hit 318 today. This is in three days. Schwab. Let's call about 108 to 95. I believe it hit somewhere around 92 today. 93. Stiefel. How about 131 to 119? Rabin James How about 174 to 157 hit 152 today So they bounced a little bit off the lows But still hammered But we also pose the question

Wait a minute Insurance Brokerages Aren't they going to hit the banks Bank in New York down 5.5% today. Slamming through the 50 day. Bank America, 2.5% started yesterday.

Slammed through the 50 day. City Group down $6 today. Slamming through the 50 day. Goldman Sachs, 40. And it opened up 20 today. It switched 60 bucks today, which is like 390 Dow points. J.P. Morgan, down eight today. By the way, J.P. Morgan is trading where it did in July of last year.

Morgan Stanley, down 860. These are 4 and 5% moves. Wells Fargo, 3%. All crack in the 50 day. They started coming after, get this. You ready? Private equity is already. trouble. But Black Rock hit today. Blackstone hit today. Evercore, 7.5% today. KKR. 4%.

Did I say Apollo? Apollo. Texas Pacific Group. They're all getting slammed. Guess what? They went after Capital One. You already know about the credit card issues. Mastercard Visa. You know how good the regional banks were doing? They got hit today. A very rough day. Something like a State Street bank cracked the 50 day on volume. The list goes on and on.

All AI related. But I'm not done. Let me read something to you. AI related. Investors are rotating out of sectors perceived as vulnerable to artificial intelligence disruption, specifically high fee labor-intenses or broker-related models, broker-reliant models. The rise of artificial intelligence tools suggests automation could reduce the need for traditional office-based brokerage administrative tasks. You ready?

The CBRE Group in two days. 172 to 136. Oh, it hit 126 today. How about Jones Lang LaSalle? Holy crap. 345 to 280 in two days. Hit a low of 260. You've heard a Cushman,

Wakefield, how about 16 to 1⁄2 to 1235? Zillow! Well, that stock is just plain old crashed. Have you heard a compass? I have. How about 1284 down to 1031? That's 20% in two days plus. Hit a lower 963. So real estate stocks all blamed on all. artificial intelligence. Now, normally, I would say to you, oh, this is going to get shrugged off and all these things are going to turn right back up. I'm too afraid to say that right now. So we're going to just remain agnostic on it and we'll keep you informed. But I got to tell you something. One of the areas of the market I have been upset, how come I did not buy it? What are the truckers? J.B. Hunt breaks out first. The rest follow. I'm so happy I was in Idim by noon today. How about that for psychology? I would have had a stop out with losses and if I went to the bathroom for 15 minutes, not to say I go to the bathroom for 15 minutes, but if I walked my dog for 15 minutes, he lives at my office, I would have missed a slam in the truckers and the logistics companies today, which took the transports down 800 and that's off the lows and then and I don't know

what's going on here I was trying to think is it Apple out of nowhere down 14 bucks today on volume Apple was actually acting constructively

and they slammed the crap out of it today is that AI also? Don't know all I can tell you, some of the areas that have been very in good shape got smoke today. By the way, I'm seeing it in the medical research and parts stocks also. Idex labs, intuitive surgical, cardinal health acted great on earnings. They dumped it for nine bucks today.

I'm asking the question, what the heck is going on? So the Dow drops 670, S&P 108, NASDAQ 469, NASDAQ 100, 513. And of course, Goldman being down 40, that's 424, 270. Oh, and by the way, it was up 20 early. But also, IBM is now crumbling. The last two days, IBM, 293 to 259. AI? I don't know. American Express crumbles today. Again, we've mentioned Capital One. So we're just letting you know, we're going to be staying on our toes. Up next. What else today? This is the one only investor's edge. 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. Come by our store. We can't wait to meet you. Store hours vary by location. 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 Reese's. What was I going to do? Stop myself. Tune in next time to see if I do it again. Spoiler, I will. Wow.

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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, I will tell you that Crocs was up 15 today. HubSpot one of the blamble. Software Stocks was up 19, but that stock has been destroyed.

McDonald's up 9, 10% earnings and sales growth. And what's interesting, I said yesterday on the show, I haven't been in the McDonald's for years. I think it's like 20 at least. I got a bunch of email saying, go to McDonald's. I did tell you, I lived on Chicken McNuggets during college. sphere that's that thing in Vegas strong results new yearly highs finally showing some big money being made magnificent the sphere and there's some other big movers today how about motor roller solutions up 32 so there's still a bunch of good reactions to earnings i have applied materials after the close

up 30 bucks, 9% on earnings in the aftermarket. We'll see. By the way, another area that's been blasted because of supposedly artificial intelligence, booking holdings and Expedia. And I'm thinking to myself, what? And just so you know, I've been reading up on this. I read from a software person

saying a year ago AI couldn't code at all now it does everything that's software so who the hell knows all I could tell you I'm going to let the market be my guide

and hopefully I am never stuck in what happened to the truckers today. Do you know I got the five minute up? C.H. Robinson is acting great. Went from 194 to 156 in 20 minutes. Holy crap, huh? What's next? I don't know.

Will they recover? I don't know. But as I always do, I'm going to be watching like a hawk, but I have to tell you, I'm scared out of my wits. And rightfully so, different sectors of the economy are just getting jammed to the downside before you can say boo. And I don't want to be caught in that. So we'll see. wish I had some

better words for you I actually don't we'll keep reporting and let's hope this does not worsen because I got news for you that ain't no hill for a climber especially when it just comes out of nowhere

and when I say out of nowhere them truckers today we're out of nowhere. Boy, there's a lot of jello moving on the plate in the aftermarket kids. Some up, some down. We'll get to that in a little bit. But that's today. A rough day, they kind of sold it into the clothes.

I gather it's going to be a big help that applied materials is up nicely in the aftermarket. We'll see if that holds. I have yet to see their numbers. I'll look them over in a few months. minutes, but I got to tell you, these semiconductor equipment stocks have been strong and applied materials is not disappointing as I speak to you. Quite the quite, may I state for the record, and I don't think I need to depress you with other things that drop today. It was a big wow. today. A lot of defensive issues. You know what I mean by that. Tobacco, beverage, food,

crap like that. There's your stories of the day. Ladies and gentlemen. Man, oh man. I'm looking at Expedia, Draft Kings, Frog Pins, Twilio, Toast, Vertex Pharmaceuticals, Coho getting slammed in the after but Amat Strong, Airbnb's up nicely. How about Brothers Coffee? That's up decently, but that stock's been slammed also. So a lot of jello moving on the plate. Roku up a little bit in the aftermarket. That's a little bit of that.

Advance declines today, 1234 on the NASDAQ. 1532 on the New York. 336 new yearly lows on the NASDAQ. That be wicked. Gold and silver. and I'm not making this up. At 1110, gold, the GLD dropped 465 down to 454 on two five-minute bars.

Close the day at 451. Silver, much weaker than gold. And now that really looks like a climactic top. not so sure on the gold as of yet. So wow. A big wow. A lot of territory covered today in Mr. Marketland. Some of the favorites, you know the ones everybody talked about. Palantired down another six. Remember we warned you, $400 billion market cap ain't going to cut it for $4 billion in sales. We told you that. It's still a 300. hundred billion market cap with four billion in sales. You don't pay two dollars for one dollar

bills. You need to know that. The space stocks got hit hard today on earnings or lack of. The froth continues to get blasted. You're welcome. The quantum, the nuclear, the rare earths, the drones, the robo this and that, 50, 60, 70% drops. We warned you in advance. We hope you listened. It was a simple rule. Don't know when,

but if nothing changes and you still have no sales, your stock's going to eventually get smoked. And that's what happened today, even more. And we're stunned that it happened so quickly. And I wouldn't go near him even down here. What they say about the falling knife? Stay away! What's today? Thursday?

Darn. We got one more day this week. The NASDAQ, NASDAQ, NASDAQ 100, stay tuned. Potential big tops being put in place. That's with a strong semiconductor group. You don't want to lose the NASDAQ.

and the NASDAQ 100. And it was just a rough day overall today. I'm looking my screens beat red, except for some defensive and some news-driven, earnings-driven, related stuff. And when I see Goldman reverse 60 bucks to the downside,

yeah, you know you got a problem that day. Up next. This, that, And the other thing. This is the one only investor's edge. 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 our store. We can't wait to meet you. Store hours vary by location.

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. Cashflow crunch? On Dex's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it.

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All loans and 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 Culper.

Yeah, I'm looking at applied materials. They're amazing numbers a bit, and that's what's doing it. That won't hurt. as we open tomorrow. NASDAQ futures are up because of that, I would guess. Yeah. A little bit.

Not bad. Not bad. The number one question. Oh, by the way, the president listened to me. Must be listening to this show. ICE is leaving Minnesota. Remember what we told you?

Just the optics. whether you think it was right or wrong, just the optics. It's killing his poll numbers and will be slamming the election in November. They listened. Don't know if it helps. Certainly better than what we were seeing,

and we're not taken aside, you just got to know how the average person feels when they see certain things. Back on track. Bitcoin Ethereum down again today. And I was on with Stuart Varney today, and he asked me about it. And I said it's just simple bear market. How far it goes, don't know.

How long it goes, don't know. But it has done absolutely nothing to change the complexion on a daily basis. The bounces have been anemic, failing. I didn't say that. I didn't have time. And of course, as we told you, if it broke that ledge, where it dropped hard and then let the moving averages catch up with price over eight, nine week period, a break of that ledge, we specifically told you is going to lead to selling. And that's exactly what went on. And I think I said to you yesterday, I watched my good buddy Charles Payne at the conference in New York for crypto, Bitcoin and stuff. And he interviewed a woman.

I've been on TV with her before. It's down 50% Bitcoin, Ethereum down huge. Other coins are down 70 and 80%. and she just had a big smile on her face. This has happened before. Will be fine. I have to applaud her. I couldn't do that.

I own anything that's down 50. Well, I'll never own anything down 50%. It's against everything I do. And as Charles said, everybody he met there was nonplussed, which means no biggie. And then you have the guy who runs micro strategy that's now called strategy, and it is no strategy, on TV in an interview, no biggie. Do you know what he actually said?

And if Bitcoin goes down to 8,000, 8,000, I think he used that number. Yeah, you know, we'll replace the debt and this, that. Remember what we told you. They're using debt and leverage to buy more. And I don't know if he's the greatest actor on earth because I'm thinking he's got to be in prayer mode. Anyway, how we're going to play it with you if things change, we'll let you know.

Simple as that. If we see any signs, we'll let you know. And I do believe, if you recall, back in early January, we had told you, you know, little first stair step above that ledge, but then gap down on the 20th of January, negating the whole thing, and since good night. So stay tuned. We'll let you know. but I have to believe this whole leverage thing with micro strategy that owns so much of this stuff is going to be meaningful

is meaningful it was down again today Ethereum down again today micro strategy down again today Coinbase down again today and Robin Hood is just being taken apart it is now down 55% since October. And you should obviously know it is very much attached to the crypto industry.

I believe I read somewhere that Robin Hood, the trading of it is a huge percentage in crypto. So obviously, the more crypto goes down, the worst Robin Hood's going to be. and the same for Coinbase. Boy, is that melted down. Coinbase 444 to 141. It is up $6.6 in the aftermarket on their earnings, whatever they were. It's 147 as I speak. And that's today.

We'll see if applied materials helps out. It is helping out in the aftermarket a little bit, but that's not the most fantastic thing. There's now questions on meta, Facebook, and their debt. So there's a lot of crap going on. We already know that Oracle got trashed on their debt.

I don't know if it's going to happen to matter, but they're questioning it too. Until tomorrow, have a great evening and drive carefully when you get home to like we do. It would be simple. Make sure you hug your family and children. They will feel better. You will feel better.

I promise stay well, be well. wish I had better news today. Have a good night. This has been Investor's 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. Guys, it's no use putting it off. The best time for an underwear refresh is now.

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