Investor's Edge with Gary Kaltbaum - THE DC EFFECT [06.05.2025]
Episode Date: June 5, 2025https://garykaltbaum.com/...
Transcript
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Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk
Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum,
your host. A thanks for being with us today. Glad you're here, ladies and gentlemen,
happy that you are listening. Yeah, I'm laughing just a wee bit. Hey, it is, I'll explain the second.
It's Thursday, June 5th.
It's 2025.
I hope you have a, are having a good day.
Ladies and gentlemen, what we do here is serious talk on everything that affects you.
We do the markets, the economy, your job, your industry, debt and deficits, doge, the big, beautiful bill, and whatever else that we think really does matter.
today was one of those days.
We have told you that going forward that we are going to do a show.
We heard from people when we wanted suggestions.
We wanted to know what you think.
And everybody wants us to start with the markets from the get-go.
And then when we add the political side, we'll do that afterwards.
but some days when we start with the markets, we have no choice but to do the political side,
which is somewhat unfortunate every now and then.
So I hope you don't mind as we do the show today, some serious crap happened today
that had some impact today on markets, on markets.
So next up, if you do not get this radio show in your city,
We'll post it at gary k.com.
We'll post it on our Twitter feed, which is now X.
And if you don't follow us,
and X, you should.
And if you'd like to email us, just be nice.
And ladies and gentlemen, we're under the radar here.
You know that, right?
We don't have millions.
We should.
And the reason we say that is because we're one of the few that have no bias.
We have no ulterior motive, no agenda.
We believe in we the people.
We lost any love for anybody in D.C. a very long time ago.
They have proven their lack of worth, 37 trillion of debt and deficits tell you that.
So let me tell you about today and the market, just so you know.
Tesla dropped $45 today.
I've got, excuse me, I'm going to take that back.
I got it, including aftermarket, $50 today.
Tesla. Volume was very heavy. And as you know, we have been saying to you on this show,
well, they have some issues as far as selling autos around the globe. The numbers year over
year have been very rough. And all the analysts that have been telling you they love Tesla
have been calling about robotaxies and things like that. Well, something different happened
today. Elon Musk came out again.
the Republican tax slash spending bill.
And as a good American, he has every right to do that.
We are against the bill.
We like the tax cut permanency,
but we believe that the Republicans have completely let everybody down.
That is our opinion.
And it's actually a fact.
the president went after Elon Musk today
and threatened to take his contracts
for SpaceX and whatever else away
and Tesla stocks drops $50 today.
Now we're not making an opinion
on what and why.
We're just stating a fact that
because of something that happened out of D.C. today, Tesla dropped.
It's about $50 as we speak on very heavy volume.
We'll get into the other part of the equation later.
We want to stick with the markets.
Palantir, probably one of the top five talked about stocks in the market.
Well, it dropped today.
I got it down $10.20 today, 7% in change.
Republicans came out against Palantian.
today. And you can time the drop with an article that came out on Palantir. They get a bunch of
their business from government. And there's a lot of questions on whether they are eyeing or
spying or collecting data on Americans. And we don't know if that's true or not, but we're just
letting you know because of something out of the Republican side today. And by the way, we're not
ripping on the Republicans, we're just stating facts. A very popular stock got clonked today.
And by the way, early in the day, it was 13285. It's 11970 as I speak right now. So definitive
one-two punch, direct correlation between the ongoings out of DC and a couple of very
important stocks. So I just wanted to start with that. What also happened today was the market
was acting pretty darn well. But when it got noisy out of DC, and I do believe we can attach
it to that, markets got hit at the end of the day. The NASDAQ today closed down 162 points.
but at one time today
let's see
three
was up about 160
we'll see what tomorrow brings
the Dow today finished down
108
am I correct yeah
the Dow today was
at one time
up to 60
so we think
I wouldn't call it confusion
I would call it what the hell is this
entered the fray today in the markets, particularly on two stocks and whatever.
We'll let you come up with opinions on a president threatening a businessman for disagreeing with a bill.
But by the way, later in the show, as we have told you, we're completely against the bill.
but if our back was against the wall and there was no other choice, I'd have to sign it
because we do not want to raise taxes on everyone.
And that's what it is.
If you let the tax cuts expire, everybody gets a tax hike.
And by the way, the scummy, sleazy lying media is out there saying that those tax cuts were only for the rich.
Just remember, they're full of crap.
The rest of the market today, just some sore thumbs sticking out, if you don't mind.
Costco.
What have we been telling you about Costco?
It's like the greatest company, right?
It's fantastic.
And by the way, they make a ton of their profits from the membership fees.
Costco came out with their monthly number.
Stock was down $41 today.
On its earnings report was up like 50.
But we always say to you, how does this stock have a price earnings multiple of 60-something times earnings?
And today, it was down a little.
Just remember, a company like this growing 10% should be trading at 25 times earnings.
It should be cut in half.
But some stocks have this great premium in them because of who they are.
Costco. So just letting you know that was a little bit of a sore thumb for me. I would love to own the stock. I'm not buying a 10% grower. No way. With 60 times earnings, especially a mature company. That said, a year ago was not, well, it's up about 15% from a year ago. I didn't own it. Oh, well, I wouldn't have mind owning it.
so that stood out like a sore thumb what else today well besides the fact of we were hot early
and we sold off not much else stuck out but i always keep in my mind cause and effect we just came
off of you know the tariff thing that may or may not be going on oh and in other news the
president did speak to
Xi Jinping
Xi Jinping
I think I'm pretty sure
that's how it's announced
today and the president
said the
phone call
went well
but we didn't get really anything
else out of that
so we'll see what that brings
we still have no trade
deals even though they're calling the United
Kingdom a trade deal
it wasn't. We'll keep
informed up next more in the markets
and then
the real world. This is the one only
Investor's Edge. Hi, I'm Gary
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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 CBS 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 stomachache every time that I eat.
And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach
ache 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 put it.
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.
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.
of um they're reeses what was that going to do stop myself tune in next time to see if i do it again
spoiler i will wow that had everything reases suspense reases
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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 we'll call it a wicked day today.
The indices.
Well, first, let's talk.
Ten-year yield.
Was down early, finished up today.
No biggie.
What is the ten-year yield doing?
Not a lot.
All the talk of the Fed, what do we think?
We think the Fed should do nothing.
We'd be happy if they just plain old do nothing.
The Fed.
What else?
Oil prices.
Just letting you know.
They're kind of sort of fine.
Oil prices right now are pretty much...
Do you know they've been trading, going back to March of 22?
Most of the time...
I'm using the USO.
It's an ETF.
most of the time between 65 and 75,
hardly big swings.
It's gone to 80 a couple of times.
It's gone to 60 a couple of times,
but pretty much 65 to 75.
And oil prices have been calm.
We don't mind that.
Oil stock's not so good.
Pretty much bare markets.
You got a few that act well
and a few that stand out, but nothing great.
But oil going down, interest rates going down, not the Fed, but real rates, always good news.
And they are cooperating right now, not crashing or anything, but I call it cooperating.
The major indices, the Dow, remains.
the weakest of the big and just remember why United Health United Health is still let's see
close the 296 was 606 3456 8 weeks ago so all I got to do is take out my little
calculator and realize that's 310 times 6.5 that's 2,000 doubt points
Now, as you know, everything counts.
But if United Health just was flat at 2,000 Dow points, of course, everything counts.
The S&P, since it does not, United Health is not a big deal, is much better than the Dow, but is not taken out the highs.
We had a crash, a pause, you know, the taco, and then the same pause on China, and then the pause on the European
Union, Taco, Taco, Taco.
By the way, we just use that in jest.
We don't blame the president.
We think he's actually doing the right thing because they realized they were crashing the markets with those crazy tariffs that we don't think they will ever do again.
At least we hope not.
The NASDAQ.
By the way, you know when I did the taco thing yesterday and mentioned Taco Viva.
My favorite place when I was in high school in North Miami Beach, I got like 10 e-mail.
from people that said they used to love Taco Viva.
And one person emailed us and said they worked there in North Miami Beach.
They didn't remember me.
The NASDAQ back up into big resistance from December, January, February, and have done the same thing and the same as the NASDAQ 100.
And then there's the lowly Russell 2000 where, let me just state for the record, if it can break above 2115, that would be a help.
Watch 2115.
That would be a help.
That is the high of about three weeks ago, and 2110 was the high in March.
that said
big caps
remain
so much stronger
than small caps
and as I've told you
last year I attempted
a couple of breakouts on the small cap indices
and both times I stopped out
full and fair
disclosure
I don't even want to look at them again
it may have been three times
I know definitely too
and by the way when I mean stop out we lost a little bit
we don't play around with the downside when we're wrong
so rough day today
rough finish
it was kind of sort of all over the map today
what's tomorrow beats the hell out of me
but I'm here to report to you important
broadcom
which has been really strong
semiconductor slash AI stock
is down about $10 in the aftermarket on their earnings report.
That's as of now, that can change.
So you're getting a little bit of weakness.
Nvidia's down three totally today.
You're getting some weakness in the other semiconductors.
When the strongest name comes in on earnings,
and I'm seeing that as of this second.
Not the end of the world because it's had a good move,
but that could have an impact.
tomorrow and of course it's Friday and the world's going nuts so you never know and again if
that changes while we're on the air we'll let you know uh because the market's insane anyhow
but you what you want to do is check it out overnight also got to mention lulu lemon
uh i got it closing at 330 and 78 cents you ready it's down 577 market it's down 57
bucks in the aftermarket.
I'm wondering.
I'm wondering
if Lulu Lemon
is saying something about tariffs. Oh, they see
EPS below consensus.
That's what they say.
Whoops.
57 bucks on Lulu Lemon.
I'll continue to say, I don't
understand people buying it Lulu Lemon
when you can buy the same stuff elsewhere for a lot
cheaper. But I guess, you know,
why do I buy
Nike or Adidas versus something else.
Brand name, right?
So not a good clothes for Lulu Lemon.
There's a few others in the aftermarket.
If I see anything of note, we'll let you know.
But the broadcom could have an impact if it stays that way.
Actually, it's only down eight bucks now.
Make that seven.
And that wouldn't be a big deal.
We'll see what tomorrow brings.
just a very eventful day today.
I turned off the sound on my TV because I didn't want to hear it anymore.
But what we want to do, though, you know how they've been saying,
and the president's been saying the debt ceiling,
and now he wants to get rid of the debt ceiling, our president.
You know how they're saying you've got to pass this bill and don't worry.
about the spending? You know that, right? Well, we want to make sure that you know without any
bias what we are all up against, and we're up against it. We'll explain as we move on. This is the one
only investor's edge. 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 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.
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.
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.
Reese's.
Ashley, go back to the nature sounds.
Nice.
Yeah, that's really nice.
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listening to
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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
Comes highly recommended
You're gonna feel better if you talk to him
And welcome once again to Investors
Edge
Thanks for being with us today
A
Ikey day
A lot of Jellu moving on the plate
as we said
Palantir by the way is now down
$12 totally
with aftermarket
Tesla down $53
today with aftermarket
and the thought process is
government
the long arm
of government
Palantir was fine today
and then an article comes out
that Republicans are pissed off
and don't believe
and they'll talk about how much money
they're getting from government
and the worry about spying
even though Palantir came out and said,
no, we don't do that.
It didn't stop it from dropping.
And of course, Tesla, as we said to you,
dang, that's all I can tell you.
And I think the bloom is off the rose now on Tesla
and the friendliness that's going on.
What else today?
transports were down and we've never gotten bullish on them they've rallied up a little bit the
semiconductors were down they were strong early and they'll probably be down a little bit tomorrow because of
uh broadcom financials Goldman Sachs was again teasing breaking some support and then reversed
and finished pretty good hanging in there but not much going on up trends there's not a ton of them
breakouts. Some have worked. A lot of them have failed.
European markets still stronger than ours. The Asian markets, not really.
Tomorrow's another day. We're pretty much past earnings. We're entering the end of quarter real soon.
And then starting the third week of July, we'll get all the earnings reports.
but the big stories that have just really overtaken a lot.
And remember, markets used to be forecasters of the future down the road,
but now you're dealing with, hey, what's happening today?
And boy, oh boy, we've been dealing with it.
Just trying to keep our head above water, being smart about it.
no one things can change in a second.
So, without further ado, who said this?
No member of Congress should be eligible for re-election.
If our country's budget is not balanced, deficits not allowed.
Who said that?
Donald Trump before he was president.
I guess not anymore, right?
who said this?
Hmm, interesting.
And by the way, who said this in 2023 while Joe Biden was president?
The federal debt has just topped 31.4 trillion.
And the Congressional Budget Office now estimates federal spending for fiscal year
2023 will total $6.22 trillion or more than $197,000 per second.
This is not sustainable.
Who said this?
Speaker of the House Mike Johnson said this in 2023.
But at 37 trillion, we should go bigger on the debt and deficits.
Who said this?
I cannot believe the Republicans are extending the debt ceiling.
I am a Republican, and I am a Republican,
and I am embarrassed.
Who said this?
I'm going to read this one over again.
I cannot believe the Republicans
are extending the debt ceiling.
I am a Republican and I am embarrassed.
Who said this?
Donald Trump before he was president.
So Donald Trump said we should not have deficits
and we should not extend the debt ceiling.
But now the opposite.
Now you know why we're screwed?
Everything changes when somebody's in power.
As we've told you for years, spending and debt and deficits are their mother's milk
because it goes into GDP and helps along the economy.
Because it's just conjured up money out of thin air entering the economy.
They know the game.
So when I hear that Donald Trump is not a politician,
oh, he is a politician extraordinaire.
I just gave you two wicked examples.
And again, we have no bias.
We don't care.
We want good policy.
That's all.
That's all.
We don't care who's in the White House.
Doesn't matter to us.
If it's an R or a D or an I or the Whig Party,
if they do a good job, we're all for it.
well what we ended up with is just the same old same old this administration and this party
are nothing but debt laden deficit spending gargantuan money spending out of control
not caring a bit about it that's all and a person in Elon Musk who dared disagree
Donald Trump puts out this.
The easiest way to save money in our budget,
billions and billions of dollars,
is to terminate Elon's governmental subsidies and contracts.
I was always surprised that Biden didn't do it.
So now all of a sudden,
somebody disagrees with this president,
I'm coming after you.
Just letting you know.
Just stating what he said,
we'll let you decide.
Where this ends up,
I have no freaking clue.
All I can tell you,
we completely disagree with the spending
and the debt and deficits out of this bill.
But as we stated,
if there was no other choice,
we'd have no choice.
Backs would be against the wall.
We cannot have that big tax hike.
And that's why the Republicans put this together like this
at to put backs against the wall.
They don't dare.
put a good budget in there with that.
So let's take advantage.
So we have no love for what they're doing and what they're trying to do.
And by the way, what they will get away with.
I will promise you something like this bill will get approved.
The Senate will come around.
There'll be some changes.
They'll cut a couple of things maybe.
They'll do this, that, or the other thing, maybe.
But we're headed to $40 trillion.
4550 and the president he's gone in three and a half years case closed by the way broadcom
is only down three dollars in the aftermarket now that's good to see by the way that
symbols a v go by the way I take it back it's only down a buck 70 in the aftermarket
it was down a buck 15 today that's pretty good I'll have to look over those numbers
And just remember before you start emailing, the only thing we care about is we the people.
They have proven to us that they are not on our side when it comes to doing the right thing
and handling the checkbook the right way.
Both parties, every one of them, every one of them.
We might as well have had on this, Kamala has.
Paris. But I have to repeat, we do think the tax cuts making permanent are very important.
That's why they put it together. That way. And that's our little stance come heck or high
water. I think it's quite unfortunate what we're seeing. I feel like I'm watching a couple
of 13-year-olds. The wealthiest man in the world and the most powerful man in the
world. Fighting tooth and nail now. And that's going to be big headlines. I gather a couple
networks going to have a field day. Up next, this, that, and the other thing, whatever else.
I'm Gary. This is one only investor's edge. 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 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.
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.
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.
Reese's.
Ashley, go back to the nature sounds.
Nice.
Yeah, that's really nice.
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or bridging cash flow gaps.
OnDex loans up to $400,000
help make it happen fast.
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and earning thousands of five-star
trust pilot reviews.
OnDec delivers funding you can count on.
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your business loan may be issued by On-Dec or Celtic Bank.
On-Dec does not lend in North Dakota.
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.
Investors Edge.
With Gary Kaltba.
And welcome once again to Investor's Edge.
And by the way, to see what we're dealing with,
as the president now rips Elon Musk.
Let me give you a quote.
Elon has never asked me for a thing.
I mean, I got rid of the EV mandate,
but he's never asked me for a thing.
I think that's an amazing attribute.
Elon is a patron.
we want to thank you very much for the job you're doing.
Now Elon's the Antichrist because he doesn't like a spending bill.
Yay, we move on.
Where I don't know, but we move on.
Markets pullback today, maybe a little bit more,
but I think are acting pretty decently.
Not everything.
and I can tell you that breakouts hard to come by.
The New Yearly Highless has never picked up in a very big way,
but maybe that's because we were down so much.
I could tell you I went top-heavy with the big indices,
and it's calmed down my movement,
and if the big indices want to continue to perform fine,
if they can ever bust out above the highs of December,
January and February.
And I'm not talking
the Dow because that's
a ways away. And you
still have a few stocks in the Dow
that act like crap, but United Health
again, the Dow is at 42
3, United Health is 2,000
points.
In just eight weeks.
Which, by the way, is still stunning.
And by the way,
on that, I get so many questions
on it and my answer is always, I
don't know. That murder
by Luigi, may him hang in a six by nine sell the rest of his freaking life, while some
crazy people are giving them money and some women want to marry him. Yeah, you go marry a murderer.
I think a big issue United Health has going forward is just remember they have been accused
and they have not refuted how many claims they knock out on a percentage. On a percentage,
basis versus everyone else. That's big time stuff. And if you know I, if you know us,
where there's uncertainty we will tend to stay away from. And dang, there was uncertainty back in
April when it gapped down to 490. And even back then, we said to you, I don't know.
but where there's uncertainty we take a powder it's now 2.95.
The same thing with Boeing.
I still remember a long while ago the two tragedies, the two plane crashes and the horrible response by Boeing.
And I was consistently getting, don't you think, don't you think, don't you think, don't you think, don't you think.
and I would say I don't know.
And I can tell you, it is now, hmm, from the high was 19, so we're talking six years, six years.
The stock is at 209, the high was 446.
I don't know.
Stock is now acting better because they are now getting some decent size order.
We'll see.
They got a lot of reputation building.
You know what they were just able to do I heard?
Pay a billion dollar fine and no indictments.
Isn't it good to be connected to government?
Feels like 2008 all over again.
All the fraud and crimes committed by the heads of big financial firms,
not one was indicted.
They all made zillions afterwards.
In fact, our government turned over $800 billion of our tax dollars to them to save their asses.
And just so you know, one of them, Citigroup, should have gone out also.
They let them do, they kicked Lehman out on purpose.
They let Citigroup do a restructuring to the point where you know how bad it is?
It's $76.
bucks. But it's really 760. The stock did a one for 10 split. So with the one for 10 split, the high in 2007 was
570. City Group 76 bucks right now. It pays to be good friends with the peeps in D.C. ladies and
gentlemen. The latest that's going on that will never get done. Stock trading. Oh, we're
finding out the trading of the many in D.C. that we would go to jail for for insider trading,
they're doing it out of habit. We're seeing, not hearing, people on committees that oversee
certain companies, buying into those companies, knowing there's decisions coming on those
companies. And it's always in the way that they make the bucks, just so you know.
it's being reported every day
there's actually Twitter feeds that do nothing but that
there's actually a guy that's putting together a fund
that follows the trading of our wonderful miscreants in DC
I'd like to say it's funny
but it's not
it's sickening
there's a call for the stopping of stock trading
they ain't getting done
that's the problem
the people that have brought us the 37 trillion of debt going to 40
and it ain't getting any better
wish we had better news
hopefully a better day tomorrow
quite the day to day
you turn on the news tonight you probably head would spin around 14 times
it's going to be the Musk Trump Battle Royal
have a great evening drive carefully when you get home to like we do quite simple
make sure you hug your family make sure you hug your children they will feel
better you'll feel better I promise they will be well
Serenity now. 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.
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