Investor's Edge with Gary Kaltbaum - The AI effect [02.10.2026]

Episode Date: February 10, 2026

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Visit the prodesk or Lose.com slash terms for more details. Subject to change. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. A thanks for being with us today.

Glad you're here, ladies and gentlemen. Happy that you are listening. It's Tuesday, February 10th, 2006. And as always, serious talk on everything that affects you, the markets, the economy, your job, your industry, your city, the Morlocks in D.C. As they get worse by the day. How do we know? Eh, 38, 39 trillion of debt, 1.2 trillion going towards interest.

And yet you like them. You have your favorites. I don't. And of course, If you do not get this radio show in your city, we'll post it at garyk.com. We'll also post on our X feed. If you don't follow us on X, you should. If you like to email us, just be nice.

Because we're nice. No, we really are. And of course, we'll post it on the Biz TV YouTube channel. I got a few things to discuss off of the get-go. Some I like, some I don't like. and all have everything to do with you, the markets, your money, and all that crap. Artificial intelligence effect. You know, we're getting haircuts now in the market.

We're getting haircuts in the market because of the potential of artificial intelligence. They murdered the software stocks. They were murdering it into last week, and they crashed them another 20% in days. In the past couple of days, they have bounced up. I keep saying, be careful, them bounces. I keep saying that because these stocks before last week's crash were already in barrenuble. markets, software. And things I noticed today, Microsoft, for example, rallied up for a couple of days and was up,

another almost $10 today and finished down. Not everything else finished down today, but not thrilled. And I was reading up on why these software stocks were getting hit. and I must tell you when it comes to technology, I'm somewhat of a doofus. I don't really understand how you take

the place of these companies. I really don't, but the market believes it. And they've crumbled some names. And I'm worried, listen carefully,

that the last two days and change were nothing more than oversold bounces, which are normal when you get stretched away to the downside. That is not a prediction. What we are saying is they're still in bare markets, notwithstanding bounces. They're still in downtrends, notwithstanding bounces. And if anything changes, we'll let you know. We also did not like, not thrilled, with the volume contracting as they bounced. That's software. Okay, doke.

Today, let's call it about, I'll give you the time. Let's call it about the 10 o'clock hour, late in the 10 o'clock hour. All of a sudden, I notice, first thing I noticed was Charles Schwab. out of nowhere goes from flatish down a little to down seven, eight dollars and finish down eight dollars

on the day cracking all the good it did in the last weeks and breaking the 50 day. I notice Steeful only finished down five to 125. Was down

nine? Recovered some. I noticed Raymond James and that finished down almost 9%. 15 bucks was on the verge of breaking out of range to the highs and just croaked.

I noticed LPL financials down 32 bucks at one time was down 43. By the way all on big volume. I noticed AmeriPrize, the great AmeriPrize, that also was on the verge of breaking out to New Yearly highs, finishes down over 33, was down 40.

You know what these companies do? They're brokerages. Morgan Stanley has an arm of brokerage was down four and a half bucks. It was down at one time nine. What happened out of nowhere with the brokerage stocks? What the heck's going on? Well, out of nowhere comes some news about AI. A broader sell-off, the sharp decline came after tech platform altruist announced the launch of a new, launch of a new artificial intelligence-powered tax planning tool with something called its hazel platform.

The new capability allows financial advisors to create personalized tax strategies for clients by automatically analyzing tax forms, financial statements, and other documents within minutes. Market observers link the financial stock sell-off to growing concerns that AI potentially disrupts to traditional financial services and their business models. The reaction follows similar AI-related sell-offs. software, and you already know about the insurance stocks and insurance sectors in recent days, which has me posing the question, what industry is going to be next? And am I going to be in it and get knocked for 10% before I can blink because somebody comes out with something?

A valid question to ask because they smoked the insurance stocks. they smoked the software stocks and they smoked a bunch of the financial service stocks today. And may I state for the record, they went down very quickly and they went down hard. Some better than others, others worse than others. My answer to all this is I do not know. I don't know what industry can be next.

I do not know. I will tell you also, I got an email from somebody who says, Gary, I can tell you firsthand, people are getting fired and being replaced with artificial intelligence thingabobs. I emailed them to send me specifics. They told me certain industries, same ones I'm talking about. What could be next? All I know is for market players, you know, be on your toes.

It's not a reach for me to have to spend some time thinking about what could be next. By the way, they also hit the exchanges today, like the CBOE, the CME. The CME wasn't down that much. ICE was the intercontinental exchange and the NASDAQ, which is symbol NDAQ. Things to think about up next, the rest of the market, and much more to discuss. This is the one only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people.

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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. So the Dow was up 300 early.

finished up 52. In the Dow today, Amgen was down 11. After going up 30 some odd bucks in three days on no growth, that did help today. After that, didn't see much else was down that much. Boeing 2 bucks, IBM 3 bucks, J.P. Morgan almost 4 bucks. Coke was a buck, NVIDIA was a buck. By the way, Coke on earnings, a buck would be. United Health 2, Walmart 2. What offset that? American Express was up three and a half. At one time today, though, American Express was up 10. Disney, up a couple. Goldman finished up five. At one time today, Goldman was up 18 and was also down 12. It was all over the map. Market followed it. Home Depot, up eight on a big drop. in the 10-year yield today on very crappy retail numbers.

3M was up 3. Stock got hammered on earnings and it's right back up. Sherwin-Williams housing related up four, travelers up five bouncing. Visa up three. Whippee-do, Walmart pulled back two bucks, whatever. But the NASDAQ down 136 and the NASDAQ 100 down 140. And nothing really stood out. Except Microsoft up 10 and finishes flat?

To down? Don't want to see that off of a nascent rally. Semiconductors were down. What were they down today? Yeah, 55, that's nothing. You got hit today in Sanddisk and Seagate and Western Digital and some of those names. I'll call it a no biggie. But the NASDAQ and NASDAQ 100 are below the 50-day moving average.

still. Do remember that, not help by the software. And I will repeat what I said when the semis did fall. If the semis fall again, the NASDAQ and NASDAQ 100 are going to be in trouble. Advance the clients were not so bad today. A strength in housing and housing related because the 10-year yield dropped the 4.14. hotels don't ask me why marriott reports a whopping 5% earnings growth and a 4% sales growth and guidance was up 28 bucks to 359 up 8.5% and that means Hilton went along was up 3% was up 3% Hyatt was up 6% I believe Hilton and Hyatt report in the next two days that was an amazing move for a Marriott and you had some other reactions

Spotify up 60 today but that stock's gone from 745 to 400 Ferrari up 27 bucks today that stock's gone from 520 down to 330 so be careful about the big moves in the bare markets what else I got for you

well as you know I have taken the president to task in the past I want him to do well but I think they're going to lose the election in November because of him

unfortunately not because of his policies it's because of him if I'm exhausted by him what do you think most independents are but when he does good policy I praise they did

something today that I absolutely love. Absolutely love. No, let me repeat, I absolutely love. Those that follow me, no, I've been saying forever that this climate change is a hoax and nothing but a gargantuan money grab. How do I know that? What makes me a genius on climate change? When you hear scientists going on TV and saying, it's for real. Well, I watch. I pay attention without an agenda, ulterior motive, or a bias. And when I see decades ago, they told us we're morons, if we do not believe them on global cooling, do you remember that? There are front cover magazines on global cooling. And then it heated up around the globe.

And somehow into the lexicon was no longer global cooling. All of a sudden it was global warming. and they, with the media, foisted onto us global warming without questioning what happened to global cooling. Anybody do that? And then what happens?

You get a couple of years around the globe where it's freezing. They look like laughing stocks. And out of nowhere, in the lexicon no longer is global warming but climate change, which tells us they got into a conference room with an advertising agency and a marketing company to come up with something that is less definitive

and they can never be wrong. Climate change. Do you know I saw somebody this week blaming the freeze around the United States. Climate change. Can't do global warming. That would be a mistake. It's freezing.

Your handsome and buffed host just came from five degrees below zero. Windchill in New York. My lips were falling off. And they tell us how big climate change is. While I'm telling you they're full of crap. They made it up to where if it's hot out, climate change. If there's fires in L.A., climate change. If it's freezing in New York, climate change.

I got news for you. I've been around a while. I heard somebody a couple of months ago say the hurricanes are a lot stronger than they used to be. He lied. I live in Florida. We had monster hurricanes 10 years ago, 20 years ago, 30 years ago, 30 years ago, 40 years ago, 40 years ago, 2,000 years ago, 100,000 years ago, up next. Wait to you hear what the president did. I loved it. Up next on Investor's Edge.

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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, in the 1980s, Al Gore was on with Dan Rather CBS and saying that,

Florida would be underwater in 10 years. They don't play that video, do they? 20 years ago, he said, we had 10 years or else. They don't play that video. They don't play a video or show a picture of Al Gore's net worth from all the climate companies he created out of thin air. No. Do you think anybody has interviewed Stacey Abrams,

and she got $2 billion from Joe Biden for a company she created out of thin air for climate and knows nothing about it. It's been all about the bucks, kids. That's all. Ask any scientist the question that the journalists don't ask. The question being, how do we stop hurricanes? How do we stop tornadoes? How do we make it less hot?

How do we make it less cold? How do we do this? They don't have an answer. The next part of the equation, because they complain about going green and doing your share, taking care of the environment. Did you see the picture in Davos where they had the World Economic Forum? Did you see all the private jets lined up? That one flight on that private jet is like five years of your air conditioner. You think they give a crap about you?

Do you think when Leo DiCaprio gets on TV or goes and gets an award? The environmental award to Leo DeCaprio as he gets on a private jet and then he's parading with his 25-year-old girlfriend. God bless him for that. On a 250-foot yacht that guzzles gas like there's no tomorrow? you think they care about you? Not a lick. The bottom line is they created bull crap and got their friends in the media

to parade it in front of you to make you believe that we can stop hurricanes and change the weather. You know what we can do is what we've been telling you forever. Let's all do our part. Do what we can.

Companies do what they can. Businesses do what they can. And you know what's happened? They have. Cars are better these days. There's electric vehicles also. And so many other things go in green. Without anybody sticking a fork up your you know what, making you do it.

But something had to be done about something else. You may not know this. But the regulations they have foisted upon us that has foisted tons of extra costs onto our backs by these wonderful human beings in Washington, D.C. that have made trillions of bucks for themselves. Well, a lot of these regulations are going by the wayside. After Biden was saying global warming, he actually used global warming, mistake, posed a clear and present danger to the United States.

Well, this administration behind the scenes, we're doing everything. to get rid of some of these stupid regulations. So your cars may be cheaper going forward, your gas may be cheaper going forward. How about that? Go back to a little bit of the norm while we continue to do what we can for the environment.

Which, by the way, is in great shape. In great shape. I travel the world. I've traveled the world. It's in great shape. good on them and do more. New York Times is having crap fits right now over it and they can't come up with a reason why it's so bad to roll back some of the BS because they were part of the problem. We call it in the tank and read up about it. Good on the president and the

administration. And from me to you, we're going to be just fine. And less costly, we move on. Lawmakers are not going to support the ban on the idea from the president that big institutions should not be buying houses. As you know, I believe the president is an interventionist. He is not a free market person at all. He's not a conservative. I'd say it to his face. And I don't think he can argue it even though he would. Anyway, that's good to hear. I don't care. Big, small business can be able to do whatever they want to do and if they want to buy up 100 homes, so be it. And in case you don't know, that's demand. We like demand. Demand is a good thing. It's just like we told you that 50-year mortgage idea, that stupid moronic, imbecilic idea from Pulte?

That went by the wayside within a week. We told you on the first day how dumb that was. So the good news is some of these cockamamie ideas are going by the wayside. 50-year mortgage. I couldn't believe this guy, Pulte, who's in the housing business, the son of the main guy, I could not believe this was his idea. the stupidest, most moronic idea in history and he was doing it for affordability

and all it would have done is raise your cost infinitum. Notice the big word. So that's a little bit of news that affects you, potentially the markets, your money, and all that crap.

Go read about what they did on the environment and just so you know, the environment mentalists right now are having heart attacks. They're going to say the end of the world's coming. We're going to let you know, no, it's not. The end of the world is not going to come.

And just remember, you have a bunch of people out there that have been saying, in 10 years, right, in 10 years? The Earth is 4.5 billion years old, and they have the grapefruits to tell you what's going to happen in 10 years, while they become about as wealthy as wealthy can be. Anyway, you know where I stand. And I've stood this way forever while they become wealthy off our backs. And the scientists, just remember, they get grants up the wazoo from the government.

You know what a grant is? It's something that doesn't have to get paid back, and you could get a nice darn salary out of that grant. Yes, I am claiming a bunch of the scientists or a bunch of creeps. and that is all for that. What else? I mentioned the housing. A weird day today. And again,

I'm actually asking the question, what is AI going to affect next? If they can crash software stocks, crumble insurance stocks, and today go after the brokers, I'm thinking, what else can you? can they do? If you have any ideas, email me. I'd like to hear what you think. Foreign markets

remain stronger than ours. I don't know how long that'll last. Keep in mind, foreign markets are less liquid than our markets because they're a lot smaller. But leave no doubt. I'm looking at different countries. Man, there's been big move in Japan. Big move in Israel. Israel's been smoking. By the way, that symbol EIS. Turkey. Big move. And I never had to really invest in foreign markets because they weren't working that great. They are now. You know, it's not working, China. It's been pretty much dead as of recent. Up next, got a couple of more notes. Got to bring up. Just remember, they hate you. I'll explain.

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Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase,

bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen.

Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. 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. So, let me just spend two minutes on one thing that directly has nothing to do with you and your money, but it does have something to do with your life. Because these are the people that have brought us the $38 trillion of debt. you know what I'm talking about right because they hate us you know there's this line the preamble for the Constitution we the people you do know that right you do know everybody in

Washington D.C. is supposed to be working for us you do know that right right they work for us it is we the people. We're supposed to have all the power. We're the ones that should be forcing the decisions, right? We the people. Have you seen what this administration has done and the past one with the Epstein files? You know, the Biden never even did squat. He knew about him. Now, this administration is putting them out because they were forced to because of their own mouths. But do you see how they're holding them back? Do you see how they're redacting things? Do you see how they're protecting the mighty? You see that, right? Shouldn't we be forcing their asses? Who cares about the powerful? I couldn't give a crap who it is. I don't care

If it's Trump, Bill Gates, the Yuts from Britain? Actually, there's a couple of them. I don't care. If you're a worm, if you're a pedophile, go screw. Have you noticed? We can't find out anything. Have you noticed yesterday a bunch of congressmen or whatever? They went into a room without phones and got to read the stuff

unredacted, but we didn't? What's the hell with that? We can't, but they can? What happened to we the people? They hate us. They laugh at us. We're nothings. We're a means to their ends.

And when they don't have enough, they just go in more debt. That's the big one. Yeah, we don't have a, let's go $38 trillion of debt. anyway, just let you know there's no doubt in my mind they are hiding they are praying this goes away

and there's no doubt in my mind he was murdered how do you not believe how does anybody not believe when the guards were gone the cameras didn't work and the number one corner in the world, Dr. Baden, swears it was not suicide.

Yet the media drops it, drops it, never to be repeated. We've been again abused and conned by the powerful. we the people has gone by the wayside every month now a hundred billion of our precious dollars goes towards interest on the debt that they created and they don't give a crap I don't know what's going to turn the tide one would have hoped that Trump would turn the tide but he's in the soup like everybody else his justice department is a selective justice department. You know that. I don't need to tell you that. It's in plain sight. And the same was for Biden's Justice Department.

They went after Trump with a fervor on bull crap. I still remember one of the idiots saying Moralago was price bad. Moralago is probably worth half a billion dollars. Anyway, that's my thoughts on the Epstein thing. And yeah, it really does have something to do with everything because they're killing us. Think about that. How many days in a year? 365.

Five to six billion dollars a day of debt created. And they don't give a crap. Five to six billion every day. And they don't care. Our government spending and the size of government is up fourfold since 2000. They quadrupled the size of government since 2000. Just so you know, at least our stoplights are working. And then they voted a communist in New York City who can't even clean up the garbage and the snow,

while he hires a bunch of freaking anti-Semites, he hired an anti-Semite to fight anti-Semitism in one of his little thingumabobs in New York City. We move on. By the way, you all know I'm right. Big indices remain in range.

The mids and smalls moved above a little range. Foreign markets better. NASDAQ and NASDAQ 100. still can't get out of their own way. The software stocks were affected by the AI and bounced for three days, but they may have hit the proverbial wall already. They hit the insurance stocks because of AI. They got the brokerages today.

Whether or not that lasts, I have absolutely no idea, but we'll be on it. All that said, you'll have a great evening. drive carefully. And when you get home, do like we do. Quite simple. Make sure you hug your family and hug your children. They'll feel better. You will feel better.

I promise. Stay well, be well. Have a great one, everybody. Peace out. Bye-bye. This has been Investor's Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com.

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. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. 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. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card.

What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. Thank you.