Investor's Edge with Gary Kaltbaum - The almost 40,000 Dow week in review [05.17.2024]

Episode Date: May 17, 2024

https://garykaltbaum.com/

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That's Amazon.com slash HUB delivery. Now looking for hub partners in your area. 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 here, ladies and gentlemen, happy that you are listening. It's Friday, May 17th, 2024. And as usual, we have a lot to cover. Serious talk on everything that affects you. And there is a ton. And these days, we ain't futs and around. We mean business as we head into the election to talk about policy, personality, and the things that can affect the future going forward. And as we state all the time and say it again, we will not pull any punches on anybody.

We curry no favor. We have no bias, a gender, ulterior motive, except for three words, we the people. And that comes to rules, regulations, fees, fines, mandates, taxes, control, government reach. And why does that have anything to do with the markets? It has everything to do with the markets. Do you know what has to do with the markets right now? We're just letting you know. And we don't know how it's going to play out, but housing prices on high are pulling.

plunging. Inventories picking up markedly in many areas. And what happened there? Well, because of one man in his moves, we ended up with lots of distortions that have to be what we call wrung out, W-R-U-N-G. All distortions get rung out. That's your government at work, printing to $9 trillion, $1, screwing you as a saver, causing inflation, enabling people, God bless you all that did it, to refinance their mortgages down to 3% or less, or around 3%, buying homes at 3% mortgages, but then it went to 7. Because once they stopped printing money, the natural order of interest rates occurred. And what ended up happening was prices went up because nobody wants to sell.

They're forced up. But eventually there's something called affordability where people just can't afford. And by the way, we're talking not just on the low end but on the high end. I must tell you, as I go on Zillow and these other places, I see people putting up homes for $3 million. that were 1.5 million three years ago. They ain't getting it. And you know what I'm seeing a lot of? Those three million staying up for 120 days, nothing happens.

They're dropping to 27. Nothing happens, drop into 24. Nothing. You catching my drift. Distortions, they all play out. And all you got to do to see inventory, go on Zillow, put in a city, and look at the map. It shows up on a map. homes and then if you want to look at homes above 500 or certain whatever you can see i heard i

forgot where it was about uh air bn bs that everybody's selling at the same time and prices are crashing i forgot which city that was but that's part of the distortion one man and i still don't understand how we got the position how the whole entity got into a position where you can print $9 trillion with no accountability? Well, they did. And then, of course, he had to play catch-up on inflation, which he did. After saying it was transitory, he gets lauded like he comes out and says, oh, we've done this, we've done that, we've done this with the economy.

They don't create, really, not the 150 million of us that go to work every day, one man moving little interest rates up or down. And by the way, it's the Fed funds rate. Go look it up. It's what banks do between each other. And then, as you know, what I do every day is I read a lot and I look at certain videos. There's certain things I don't watch. What I ask you to do is go watch. There's a video between some people in the house.

House. Go watch it. Do you know which one I'm talking about? Well, I'm going to name names. Marjorie Taylor Green, Texas Democrat by the name of Jasmine Crockett. I believe Alexandria Casio-Cortez, that Marxist got involved. Now, I'm a state for the record. We have this model. We can't stand any of these people, none of them. Just watch it. With no a bias, no a gender, no ulterior motive, just watch it. And you want to know how we get the $35 trillion of debt? Just watch some of the people we've been electing. Not to mention some other folks. So that's what this shows about, but firstly is about the markets and our job is to guide. And it's not easy. Just so you know, it's not easy. I do want to let you know at the

close they were determined today and they did it in the last 10 seconds the Dow closed above 40,000 40,000 and 3 meaningful and not at all how's that it's it is a big round number it will be celebrated remember the Dow is just 30 stocks and you can have some overweightness you can have the lowest price 10 Dow stocks go to zero and the other 20 go up 5%, and the Dow would be up. That's how screwed up the Dow is. That a United Health would be, let's see, the lowest price right now, looks to be Intel. Intel is the lowest price Dow stock.

United Health is about 17 times the movement of the Dow than Intel. Whatever. So with the close today, the Dow finished at 40,003. The S&P was only up 6. NASDAQ was down 12, NASDAQ 100, down 11, and there was some semiconductors that were weak. We'll explain that in a little bit. Transports were down 60.

That remains weak. Of note, gold strong today, gold, stock strong, silver strong. Of note, the sneaky, slow, big banks green today. oils bounce, particularly the refiners, bounced. Otherwise, insurance better, I can tell you, Chubb, where Warren Buffett took a position in and was up pretty good yesterday, up another nine today. The market believes in Warren Buffett,

though his Occidental Petroleum has pretty much done nothing, but he doesn't care. He owns a bazillion shares now, Let's see. The dividend on Occidental, actually is only 1.3%. That's not that good. Usually he's buying dividend things in this 3 and 4%. Anyway, I digress.

Occidental just really hasn't done anything since. Boy, oh boy. Do you know Occidental Petroleum is trading where it was in 2007? I didn't even realize that. But I never argue at Warren Buffett. 2016, he starts buying Apple and he got made fun of because Apple was in a bare market at the time. I think it's up seven or eightfold.

In fact, let me see. I think he started buying with the splits and everything around $25. It's $189 now. And had a good week this week. So never argue with Warren Buffett. He is top heavy on Apple, top heavy on Chevron. Now I think not nearly as Apple and now Chubb. That's where I used to have my home insurance.

When I owned a home, I am renting right now, when I heard home insurance has been skyrocketing as of late. And I'm in the midst of looking at a home, and I'm thinking, how much are they going to charge for home insurance? Dang. My health insurance, ObamaCare, they said the premiums would go down. Yeah, that's what happened. I think my premiums are fourfold since Obamacare.

Three-fold, four-fold. I do know I'm getting older so you get charged more, but man, oh, man, they just keep 10% in you like there's no tomorrow. with a very sweet note we're here for you we're charging another 10% you don't like it tough crap go find something else

I tried find something else one time couldn't get anything welcome to the world next trying to time my music GameStop was down another 20% today it was worse I'll explain that next

on Investor's 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.

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At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with, just how do different accelerators go together? It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes.

Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? My cell phone is a mature technology at this point.

How far are we from that point with Quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Amazon Hub Delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub Delivery. You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you, and you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits. Earn more. Gain exposure for your business. Apply today at Amazon.com slash hub delivery. That's Amazon, dot com slash hubb delivery know a local business that would make a great partner a local coffee shop owner

florist automotive shop dry cleaner you name it refer a business today and earn $500 when they successfully join the program visit amazon.com slash hub delivery to learn more or refer a partner that's amazon dot com slash hub delivery now looking for hub partners in your area Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stock up savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, Oiraida, Silk, Capri-San, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings.

Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up or delivery. restrictions apply. See website for full terms and conditions. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. So, GameStop. Downside guidance.

Analysts had them for a billion in five. They're going to do 872 to 892. Net loss, well, a net loss. What else? Trying to cash in on the move higher. GameStop's announced a mixed security shelf offering, which would be stocks and bonds. The stock closed today, and again, lessons, close at 22, 21, down 19.73%. Actually hit $19.70 today. So let's do this all over again.

And the reason we do it all over again is we just simply need to drive some things home. We need to drive some things home because there was probably a lot of money lost this week and hardly any money made off of a stock that at the start of the week, was $17.46 but hit a high of the week for $64.83. So let me explain. First, what should be comical, a Twitter feed, X feed, called Roaring Kitty. We're not making this up. It is a person, his last name is Gil.

And supposedly, I don't know the whole story, but he was, the one who started off, was on the Reddit crowd and got the GameStop thing going a long time ago. And I'm not even going to tell you what video he puts out, but the video had people believing, oh, it's woken up. And amazingly, the stock that closed at 1746, by the way, started moving five days before telling me there was some front running. And if I was the SEC, I'd be on the. this guy's arse right now and see whether he bought five days before because that's when it started

moving but i digress the next day it closes i got butterfingers at 3045 with a low of 24 something and a high of 38 and that was the day we came on the show and just said to you please be careful don't be the last one in. We have no clue what happens tomorrow. We have no clue if it goes to a thousand or goes to zero. But we do know one thing from precedent. They all go back to where they came from. Precedent. And this jackass on Twitter that has no name, one of the monikers, starts ripping me. I gave him one shot. I answered him kindly back and then he tried ripping me again and then went to some other idiot with a moniker, hey, do you see what this guy said on radio?

What are this, that? So I blocked them. I hardly block anybody on Twitter except for the racist, jackass, clown-type people. The next day, the stock opens at $64.83 from 30 bucks. And may I state for the record

because we have a running little thing here that we follow on Twitter and some other things, and they were in a lather. Here we go, $150, $200. Are you in? Are you in? Are you in? I'm in. I'm in. I'm in. I'm in.

Well, that day it had a low with 36. It closed at 4875. If you bought on the open from 6483, it closed at 4875. That's $16 on $64. What is that? 20-some-odd percent. The next day it hit 31 low, closed at $30.3.3. 39 with a high of 42.

So it went from 48 down to 39 at the close. Yesterday, it closed on the low at 2759, today at 22. So last I looked, my Rusty Abigas said, $64.83 from the open on Tuesday to the close today. You want to add that up? 6483. I'm actually going to give you an exact number. 64.83 minus 22.21 equals divided by 64.83 equals 65.74%. It is down from the Tuesday open when people were wetting their pants. Kids, I received contacts from people I don't even know. Again, should we be buying this? What do you think? You think it has? One person said, do you think it has a chance? to run and I'm pretty sure somebody asking that probably was already in so we're just letting you know from the open Tuesday

$65 and 74 cents just be careful AMC the high on Tuesday was $11.88 it closed at $4.40 62.9% drop from the Tuesday opening. We had no idea to be so quick. We have no idea if they can make it run again. You got that? We don't have an idea. We're just letting you know, be careful with your freaking money. You should have seen what was going on online over all this.

This is it again. The riches. I'm pretty much quoting some people if you're not in. And then they were making fun of people that were like me saying careful. It's going to end badly eventually. And they use certain language. I can't repeat on the show. So let me repeat again and finish up again.

I have no clue about Monday. I have no clue about next week. I don't know if they run it again. I don't know if they keep sending it lower. Just keep in mind. AMC started like $2.80. It's back to $4.40 right now. GameStop started on the move.

Actually, was $11. They really started moving at the Friday before, and that's why I think this guy knew ahead of it. But really, when it really got going, it was 1746, it's 22 right now. I have no clue. I just know when the music stopped. what's going to end up happening.

Why? Because 100% of the time it is what happens. And both these companies now trying to do a secondary, which is a smart move, but they didn't really, I don't think they've gotten them done, and they certainly didn't get them done at the high prices. And I wouldn't blame them if they did. Just watch yourself.

Up next, we'll put a bow to. on it. Much more. I'm Gary. This is the one only investor's edge. Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together? It's our DNA to answer the question of what is the future.

Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology?

There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Amazon Hub Delivery wants to partner with your business.

Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub Delivery. You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you, and you'll be paid for every package you deliver.

Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits. Earn more. Gain exposure for your business. Apply today at Amazon.com slash hub delivery. That's Amazon.com slash HUBDiv.

delivery. Know a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program. Visit amazon.com slash hub delivery to learn more or refer a partner. That's amazon.com slash hubb delivery. Now looking for hub partners in your area. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORA-Ida, Silk, Capri-Sung, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings

on top of savings when you shop in-store or online for easy drive-up and go pick-up or delivery. Restrictions apply. See website for full terms and conditions. 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. Okay. Catch in my drift. And notice, I'm not taking any victory lapse on this because I don't want people losing money. I'm not patting myself on the back. Because as we've told you, up front, we really do not know how it. plays out. In the short run, in the long run, we've had a pretty good idea because all of them have crashed. And as I've said to you, the most stunning part of this equation is they went after

a stock that dropped 99%. Imagine that. Yeah, let's go after something down 99% because everything must be good. In case you don't know, logic dictates, remember, missed the logic. That's something down 99% there's something up. So we hope you listen. And it's not just these. It was Rivian that at 170 we were yelling at you. How Wall Street was screwing everybody, but actually doing their job. Their job is to bring it out at the highest price,

and they can't help it if people are paying the price. That was almost the market cap of GM and Ford put together, even though they had no sales in GM and Ford's had 260 billion of sales. We just told you there was an eventuality on Rivian and how much it's worth. We did it with the SPACs. Look what the SPACs did. Absolutely destroyed. And do you know there's a SPAC?

I heard about it after the fact. They did this $10 SPAC, which is now called ACLO. and they ran it from 10 up to 18, 5 days ago. It's down 50% in 5 days. And people want to know what happened to my money. Well, you bought a SPAC. Did you check on what the SPAC was? Well, they said it was.

So Wall Street is a great place, ladies and gentlemen. It has spawned trillions of dollars of wealth with companies co-in public. Going back many years where it was a send communications and new bridge networks, AOL in its heyday, EMC,

compact computer, Amazon, Yahoo was strong for a while, though they, you know, whatever. Look at Nvidia now. I don't even, you know, do you know what the strongest stock of the last 20-some-odd years is monster beverages? Secretaries at some of these companies

He's got a bunch of stock and are now multi-millionaires. It's done a lot of great things, Wall Street, but there's also the downside of these ass clowns that will foist upon your shoulders dog crap. And I should not be putting down the dog crap. It is worse. And when Goldman Sachs in 2000s put out some collateralized, mortgage things and then shorted them because they said they were crap, nothing happened to them.

I'm drummed out of the business. The rating services that rated AAA mortgage securities that shouldn't have been triple Z, and there were emails and texts between people, the rating services, saying it was a different word for crap, not one of them was indicted for fraud or kicked out of the business. I would have been kicked out of the business. Got to be well connected. That's the downside. This short squeeze, that's the downside, though,

God only knows how that even occurs, ladies and gentlemen. I still don't understand all these no sales companies being put out in the public. When I started in this business, I worked at a penny stock firm and most of the companies that we were involved in had a couple of million in sales. But yet there are hundreds brought public with absolutely no sales. We got laughed at.

By the way, we would bring them out with $3 million market cap at IPO. They're bringing them out with $100 million market cap now, and they're being applauded with big fees, and the regulators got all over our butts at the time. That's when I start in the business. So again, the downside. And don't get me started on analysts,

who I think most of them mean well, but the conflict of interest in the analyst community is just the downside. So when things pop up like the GameStop, we are going to be a little bit more vociferous to you, but what's saying to you in the short run, it is just so darn random, just be careful. careful. We've gotten a few contacts from people actually thanking us. That's good. That means you're

listening. But I can promise you if somebody who let's say bought GameStop at 30 and got out, or let's lose 50 and it's now 22 and they're thanking us, if they got out and that stock was 100, right now they'd be F bombing me. So we get it. And that's why we're careful with our verbiage because it's random. And we understand emotion. We understand people's psychology because we have our own psychology that we deal with on a daily basis. And as I said to you, one of the best books to read and you should go get it on Amazon is the millionaire next door. It talks about people that had millions that have zero and people that made 50,000 a year. and there are millionaires because the way the money is treated.

The millionaire next door. I don't remember who the author is. You can just put it up in Google and it'll show up like I'm about to. The millionaire next door by... Come on, come out there. I can't even see. I love how they make it so small the writing. Thomas Stanley.

Go get the book. And by the way, just so you know, I don't get paid to say that. They have no idea who I am. I'm just telling you what I think. Gold uptrend, silver uptrend, China uptrend. Semis getting a little icky in here pretty quickly. And video reports Wednesday, I will tell you flat out. We sold our small position because it's too close and we didn't have enough cushion.

The Dow broke above 40,000. They're sticking a little up in the air here. I'd be a little bit careful. But I will tell you that. Some Dow names. Caterpillar gaps down. Deer gaps down. Caterpillar recovering pretty decent.

J.P. Morgan's acting well. United Health better. Those still way off the highs, but just the Dow's $40,000. Yay. Next week will be another week. By the way, we just went from 40,000 to 376 to 40,000 in 1, 2, 3, 4, 5, 6, 7.8. Thank you, Jay Powell for easing monetary policy. And Janet Yellen screwing us longer term by new auctions on bonds with little T bills instead of T bonds the way it's supposed to be because it's an election year.

They're all a bunch of political hacks. they're all very good. Debt deficits and screwing the long term knowing they'll be dead or retired when it all blows up. No, really. You don't think that's going on. Everybody's retiring.

And by the way, the down now is up. 35, let's call them... 14% in three years. In case you were... counting, which is not great, but hey, listen, better. GameStop. I'm just looking it over and just in recognition of what our first job to do is here. Up next. Oh, I got news of the day. This is the one only investors. Zad. Hello, I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna,

and I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side. For example. If anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind. If anybody is not using AI to make their developers who write software 30% more productive today, with the goal of being 70% more productive.

Yeah. Wow. So we are not asking our clients to be the first experiment on it. We say, you can leverage what we did. We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology, is getting people to accept. that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks.

Want to earn extra income for your business? Amazon Hub delivery is looking for ambitious business owners to assist with local deliveries. When you become a partner, you and your staff will deliver packages to customers in your area on a schedule that works for you. With each package delivered,

you'll gain extra income and exposure for your business. Plus, Amazon Hub delivery makes it easy to get started. There's no upfront costs, delivery experience or long-term contracts required. Sign up to learn more at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31st.

Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor, or Ida, Silk, Capri-Sung, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in store or online for easy drive up and go pick up or delivery. Restrictions apply. See website for full terms and conditions.

You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! Investors Edge with Gary Culper. And welcome once again to Investors Edge. In the news of all shapes and sizes,

bodies of Israeli hostages have been found, including one by the name of Shaunae Loke, L-O-U-K. She was the one who was paraded semi-naked in the back of a truck on video by Hamas. Raped by a bunch of them, she was found dead. Interesting. I'm not seeing any protests against Hamas. Interesting. I'm not seeing one. Rape and murder of somebody that's the same age as these students. Huh. Huh. If I met every one of these students can't say what I'd be saying to them. which would just go through one ear and out the other anyhow,

and that's why we go back to our old little tick-tac-toe. How do you debate somebody that applauds rape and murder of young women because they're Jewish? Hey, in the news, did you see what happened with Sheffler today? The number one golfer in the world? You can go look it up. He was arrested, what he was going to the golf course today. By the way, this has nothing to do.

with you and your money. And what happened was a bus hit somebody and killed somebody who was working at the golf course. And Sheffler thought the police were just security and he went through. And I guess the police started holding on to the got dragged. And they arrested him, put him in jail. They let him out without bail. You know what I think of the police. They're terrific. I'm not sure what happened. So I'm going to hold whatever. But I'm going to go on record and say, that big miscommunication, big miscommunication, I hope, because Sheffler seems like a down-to-earth guy. Speaking of a not-so down-to-earth guy, new video, his name used to be Puff Daddy. I think it's P. Diddy now?

As you know, there's been accusations of this man of not good things. Well, there's now video in the middle of a hotel hallway, beaten the crap out of his girlfriend, and drag her on the floor like a dead dog. Let's see if there's any outrage on this. All I think about is the guy's probably a billionaire. What kind of great things people can do when they're a billionaire philanthropically for others and this and that? Yeah, I'm going to beat the crap out of my girlfriend and drag her along the floor. If you want to go see the video, go ahead.

Speaking of that, in case you don't know, and if you're reading about it, a 10-year-old Indiana boy, little precious kid. committed suicide because he was being bullied at school. It is being found out that the parents went to the school on 21 different occasions about it, and the school did absolutely nothing. And I guess they're talking about arresting kids. I don't know if they can or not, but it's just heartbreaking. Young Sheldon Finale was last night, the two-part finale, magnificent. Chuck Lorry is the greatest, two and a half men, which was a little bit more.

you know, whatever. But then Big Bang Theory and now Young Sheldon, God bless this guy, him and his writing team, A-plus, plus, had to be crying for an hour last night. Just letting you know, young Sheldon. And I'm just a big, you know, Sheldon fan. He's terrific. The guy who attacked Paul Pelosi, got 30 years in jail. And do you remember when a bunch of morons was saying, oh, it was a setup? and did not really happen or that, man, oh man, people are weird just because of politics. In Canada, 18 was charged $580 for using a phone in a drive-thru as he was at the window by a police officer behind him because you're not supposed to use your phone when you're in your car, but he was in a drive-thru when he was going to his app to get his reward.

What the hell is a matter with, and by the way, the police said there's nothing I can do. This is the rules. In case you don't know, this guy Trudeau from Canada, I think he makes Biden and Bernie Sanders into conservatives. That's how bad he is. And boy, oh boy, he talks higher taxes with glee. You know how you know in trouble? When politicians tell you they got to raise taxes and they are gleeful about it. Last but not least in the news, hey, Taylor Swift and Travis Kelsey were pictured kissing in Lake Como.

Just letting you know. By the way, Lake Homer one of my favorite places. I've been there one state in this place, Belagio. Wow. And that's your news. That really didn't have anything to do with you and your money, but some things did because we try to talk a little bit of logic here

and, you know, put our best foot forward. And the amazing thing is what I hear people being outraged about and not outraged about. kind of depressing, ladies and gentlemen. I'm still waiting for the protests on what Hamas did to 1,300 Israelis and all these hostages that are being, I think a lot of them are now dead, but it's all the Jews' fault. Remember our thought process.

Any racism of any kind should be laughed at and kicked on. Everybody should be treated equal as long as win the rule of law. doesn't matter race creed colored gender denomination i've seen some people say i'm a tree fine go ahead no i'm not kidding did you see the story somebody married a tree because they said they were oh what you ain't bothering me so we're always amazed at racism of any kind and the anti-semitism is just beyond the beyond and we'll take on any or any in all comers when it comes to that and will defend any other race, creed, color, denomination, or gender also against racism, too. Hope you think the same way.

All right, you have a great weekend, drive carefully. When you get home, do like we do, pretty simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise. Oh, it's the weekend.

Yay. Knicks tonight. Please. Have a good one. Bye bye. 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 GaryKK.com. That's GaryK.com.

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