Investor's Edge with Gary Kaltbaum - The good get gooder! [11.19.2024]

Episode Date: November 19, 2024

https://garykaltbaum.com/

At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at cvs.com or just come by store. We can't wait to meet you. Store hours vary by location. 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 of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's, yeah, it's Tuesday. It's November 19, 2024. Hope you having a good day. In case you don't know this week. We're in Maui. My son Eric had a week off and asked to have a father's son trip. He wanted to go where the beaches are. I really can't go to the Bahamas or south of Florida because that means 9.30 to 4 o'clock, we work. I don't leave the playing field. But in Maui, the market opens at 4.30, closes at 11. And due to the fact, I do not get off of Florida time. I am up without any alarm at 3.30. I am here. I have my four screens in front of me. I woke up this morning to possible nuclear war. The Dow was down 500. The NASDAQ was down 180. And the market doesn't

give a crap. How's that? Anyway, the story is just so you know that Biden gave, I don't understand how this actually works, but Biden gave permission to Ukraine to use long missiles and they went into Russia. Russia came out and said, we are changing our rules on nuclear and we are relaxing the restrictions. So overnight, Europe was getting squashed. I turn on futures. It's 500 and something down 200 NASDAQ. And in spite of last Friday squashing in the NASDAQ, the NASDAQ that opened up down near 200, strong today. And the best way to describe it, the good is getting gooder.

I'll explain in a minute. But first, if you don't get this radio show in your city, we'll post it at garyk.com. We'll also post it on all the podcast apps. That's for one. And if you don't follow us on Twitter, you should because we do post it on Twitter,

which is now X. And if you like to email me, just be nice. You know, I must tell you, everybody's been pretty darn nice. I'm getting emails from people that completely disagree with me on certain policy and everybody's being nice. And of course, the reason is because we're nice back. And as we said to you, we all breathe the same air. We're always amazed when people go nuts.

And unfortunately, you know where the nuts come from? The people you watch. as I mentioned yesterday morning Joe and Mika who have been calling Trump Hitler using the word Hitler the worst things you could pretty much say about

somebody is called him Hitler don't you think there's not much lower than that don't you think and they called them Hitler day in and day out oh they went and visited Trump because they wanted to air their grievances out and Trump actually met with them which is absolutely amazing

I would have told him to take a flying late So they go back on TV and they say, well, we did this, we did that. And of course, they got ripped by certain side for doing it. And other people said, good for you. But my problem with the whole thing is they don't matter. They're a low-rated TV show that just got their business cut in half because people are sick of them. The whole network, MSNBC, if you just turn it on for a little bit. They call you racist.

They call you misogynist. they call you every name in the book. And they even, they had out Sharpton called Black men, misogynist, Hispanics, racist. Oh, really? So just remember who these people are. They're insane. And I mean that. They're insane.

They drink their own bath water and their devices as all hell. Well, we're telling you there's racism in this country, but most people are not. That's all. Case closed. Most people just go to work, trying to do better for themselves and their families, but these people that have the privilege

to be on TV and have an audience, now you're racist, you're homophobic, you're this or that, and they never met you. Think about that. They never met you. They just put swathes of people, they put them into different groups,

and of course Trump's Hitler. Last I looked, And as you know, I've never been a Trump fan. I don't think he's killed 12 million people. Six million Jews. Last I looked. But they called him Hitler. And why do we bring this up?

Because they don't shut up. It does affect the markets. It does affect the economy to a certain extent. So we have to bring it up. We're past the election. We don't like some of the things Trump has done already with selections. We think a couple of them are not going to get past. This Gates is not going to get past.

We hate the fact that the right now is cool with a guy that looks like in an ethics complaint, possibly maybe could be statutory rape. But let's make him attorney general. How many adults are there in this country? 150 million 160? I don't know. Somewhere in there. Let's make this guy attorney general? What?

By the way, I believe the Attorney General is the number one lawyer in the country. Catching my drift? So again, as you can see, we don't mess around. We have no bias. We just want good. And I must tell you, if Biden did good things, I would have complimented him. But he was nothing but a fraud, somebody who marketed himself as a centrist, a moderate, his whole life. And he was left of Bernie Sanders.

And she is left of Biden. And what did she do? They made up her whole life over again for three months into an election. They just made her up. They went from A to Z in her proposals. And part of that, why she lost, everybody knew she was full of crap. Anyway, but we're now here, and we hope Trump does well. We love the fact they're going to do this government efficiency thing.

We'll see how that plays out. I must tell you I've been trying to hook up with Elon and Vivek. You know, I'm calling them by their first name. And I have heard not back because I'm a nobody. But I am the preeminent person who has been fighting debt and deficits and waste in government. And I guess they just don't know it. And I guess I can blame myself for not putting myself out there more. But I'm going to keep trying because I know where the skeletons are buried.

I know where they have scammed us and used us as a gargamous. I know where the numbers are. I know what they have done throughout the years to the penny, but they haven't gotten back to me. We'll try. And let me be clear, if they ever can get this government to be efficient, to be effective, there would be no deficits. I promise you that. if they really dig deep, you're going to be sick to your stomach what they have done and where the money is gone. It will be a who's who of donors and friends. They've turned $100 billion into a footnote. So when somebody gets a grant for $20 million to investigate monkeys in the Amazon and that person took $2 million salary and never has to pay it back,

You're going to find out that happened. By the way, that's made up what I just said, but what's happened is not made up. People have become wealthy beyond their means without even working because of this administration and the doling out of money. The $150 billion was given out to people for their loans that they took. They broke contract law. And I think there's something to it where, oh, five, firemen and policemen, you want to do something with their student loans. Okay, okay, I get that.

But to pick and choose and to not say who's paying for it, you know, they had a yucks on TV. I forgot who it was. Oh, his economic advisor said that the student loan relief was not paid by the taxpayer. Of course it is. Every dime government spends is from the taxpayer. So imagine if we can get this thing right and really treat it right. You know, corporate America can't lie. They can't cheat.

You go to jail. Government lies and cheats. And nothing happens to them. So I'm hoping they do the right thing. I hope they're on top of this because, man, oh man, I can promise you they can ring out trillions. By the way, the Pentagon has failed their seventh audit. They can't figure out where like a trillion bucks worth of stuff is. And again, if you.

You don't think there's anything to do with the markets in the economy? Well, I've got some, well, you know the line, Everglades Land. So we'll keep covering it. They said they're going to be transparent. They're putting it on the web, everything they find. And boy, oh boy, it's going to be a comedy act. Up next, the markets. I'm Gary.

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, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy.

If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-2-5-59. That's 8-8-5-5-9. That's 888-4-22-55-9. Investment Advisory Services offered through Call Bomb Capital Management. Hi, I'm Dr. Jake Goodman, host of Beyond the Script. 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, I have a stomach kick 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.

All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for indeed sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes.

Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs. And listeners of this show will get a $75 sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed's sponsored jobs. Success starts with your drive. An American public university is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion,

our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.apus.edu. 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. Okay, welcome once again to Investors Edge. And by the way, we're doing this radio show off of my earbuds and an iPhone. And I hear it comes in pretty good. Okay. So we go from government. They have not picked the Treasury Secretary yet.

I do not believe. But I hear Howard Lutnik from Cantor Fitzgerald. and a couple of other people. I heard the Transportation Secretary is somebody from Fox. Sean Duffy used to be a congressman. He has been host of a show with Dagan McDowell on Fox Business every day, and he is going to be Transportation Secretary. And may I state for the record,

Pete Buttigieg, the current Transportation Secretary, lost me like in the first, five minutes when he said that our roads are racist. No, no, no, I'm not making that up. Well, because certain types

of buses were higher and could not get through bridges. That's racist. This is what we've had as a transportation secretary. And again, I've never met the guy. I'm sure he's a nice man.

We're talking business here. he actually said that our streets and highways are racist. It's their own, it's their MO. It's, it's, it's like their only answer to everything is everything's racist. Everything was done for racism. Yes, they built the roads and the highways and bridges just to piss off the blacks and Hispanics because the people who built them were racist. Oh, wait a minute. Hold on. Wasn't that the government building those roads and streets and bridges?

Isn't that the DOT? Oh, that department of, oh, that's right. Anyway, so anything's a step up from this guy professionally. I've never met Mr. Duffy, and I hope he does a great job. And if they do more LaGuardia airports going forward, that'll be a great thing. They turned a crap hole of LaGuardia Airport into the number one airport in the country now. It's just fantastic. Fantastic. And great Delta lounges there too.

Okay. Howard Lutnik, Cantor Fitzgerald, in case you don't know, he was the CEO. Cantor Fitzgerald was one of the worst hit during 9-11. And he represented him so well afterwards and has done the right thing. by by everybody there i hear you also did something to the effect of uh any families and their children whatever had jobs good man i met him once in the green room at uh fox in new york city uh seems like a very good guy and a tremendous success um and we'll see how it goes going forward i don't think Gates is going to make it to it. I don't think he should. Kennedy, I have my qualms,

but he is right about one thing. The country is, you know, need some work. And something happened that I read where, and this is true, I think it was fruit loops that in Canada, there's none of these additives, but in the United States, there was a bunch of these chemicals in the same fruit loops. So maybe he's on. to something and if he gets confirmed, we'll give him every chance to do good things. We'll give him every chance to do good things. All right. So I said earlier the gooder getting gooder.

And what we mean by that is I've got only 65 new highs on the NASDAQ and you can probably knock out about 35 or 40. So there's very few. On the New York, there's only 99 new highs and you can knock out. probably 40 on there. So there's not a lot of new yearly highs. But what's getting there is going. Good getting gooder.

Netflix up 25 today. New yearly high. Something called app loving APP. Up 6%. New yearly high. Reddit, close. Up eight and a half. Spotify.

close, up 10, duolingo, up 14. And these things are three and four percent higher, maybe five on a couple. There's a select few things, and they're in software, fintech, they call it, payment systems, and the like. And they're not given a chance to get in. And what we mean by that is they've moved away. from specific entry points that have lower risk. We call them the trees. And this is on a day where the NASDAQ debt finished down 180.

And as I speak, it's 255 p.m. East Coast time. NASDAQ's up 167. By the way, the Dow is down 150. So the NASDAQ's going its own little way. I also have to mention Nvidia. Very simply, they report after the close tomorrow. It's up 660 today to 146 and change. And it was down a little bit over the last few days and it got it all back today.

I don't really see any news. But I guess the market's betting on something big is coming out of it tomorrow. We'll see. Just letting you know up 660 today. And that's helping the NASDAQ. And as you know, the semiconductor index is a horror show. It is underperform by miles markets over the last few months, which some stocks just absolutely crippled.

The equipment makers, and one would think that would affect a lot of the things in tech, because they're all reporting. lower sales. It's affected them, ASML, applied materials, KLAC, Lamb Research,

even ones that were holding up lower beta names like Texas instruments, gagging, but Invidia, sticking out like a sore thumb, even AI names like Broadcom ain't happening. So it is a one-note stock.

And I've, received about 10 emails already. What do I think about their earnings tomorrow? What do I think is going happen? Answer is, I don't have a clue. Don't know. If I was to be negative, I would say the bar is raised high. Up next. What else? More on the markets. This is the one only investors 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 egg every time that I eat and it just becomes like a lifestyle where oh yeah you know I just have a stomachache 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. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being

poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for indeed sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or, go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates

who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs. And listeners of this show will get a 75% dollar sponsored job credit to help your job get the premium status it deserves at indeed.com slash podcast just go to indeed.com slash podcast right now indeed dot com slash podcast terms and conditions apply need to hire this is a job for indeed sponsored jobs success starts with your drive

and american public university is here to fuel it with affordable tuition and over 200 flexible online programs apu helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU. APUS.edu. We're listening to America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on its feet here. He's a Cinderella boy.

With Gary Coltbaum. It comes highly recommended. You're going to feel best. if you talk to and what once again to investors edge so i mentioned at vizdia what a possible issue is is that it's had a big run the bar is raised high and the group sucks normally normally listen carefully give me a group with 20 stocks in it 40 stocks 80 stocks and if 99% of those stocks or acting like crap, I'm not buying the one that's strong. But Invinia has stood out like a sore thumb. Now, the stock is hardly up from June.

The high in June was 141. Opening today, it was 140. So maybe that time is going to give it rise tomorrow. Don't know. We'll let you decide on that. We've had a good year with the stock. actually we've had a great year with the stock we don't own it now

and our last trade we lost money on very small and I must tell you before that we bought it perfectly in September right off the 50 day but I traded it

traded again and screwed up the second trade let me take that back didn't screw up the second trade I made a conscious decision and the stocks higher from where we sold and going into earnings, there is no way I'm going to be buying it back. We'll see what the reaction is tomorrow. But for me, the big story right now is a concentrated move in, I don't want

to call it a select few names because it's more than a few. A few would denote maybe five. there's like 25 names that have really stuck out like sore thumbs I mentioned APP D-U-O-L which was sneaky DoorDash

I mentioned Netflix Reddit off the recent gap to the upside that just gap to the upside Spotify symbol V-R-T that is veritive holdings

and they're all data you know you keep hearing about these need of the data centers data centers in the case of Reddit you know what they do online platform app love it that APP which is just

amazing as of now mobile app ecosystems go figure the hell what that is sometimes it's tough to figure out That is the story. Kava, which has been under pressure, but has been strong restaurant chain, a carvana, things like that. So just letting you know a select group, and we'll see how it goes. That's not to say other areas aren't good.

The financials are fine, just resting. They're all down today, but just resting. Now, the bear areas are the solars. I'm not going to call China bearish, but I will say, boy, it had a big straight move up and a big straight move down. As everybody was talking about, this has got to be another big move because China government is doing this, that, and the other thing. But they have bigger problems than I even thought. And I do read up on it. Oils have been better.

The pipelines are bullish. but other things aren't. And then as we stated to you, on the bearish side right now is, and leave no doubt, new administration reactions. They have definitively came out and said that they are contractors to the government. The stocks have been squashed. Drug companies, the stocks have been squashed. Food and beverage. I don't know if you call them squashed.

but down markedly for food and beverage. So there have been some definite outcomes from the administration. And by the way, that is not a political statement. We're just stating a fact for each and every one of you. And on the other end, Tesla's up. And this Bitcoin, holy crap. Ladies and gentlemen, we knew that Bitcoin, we called the breakout. of this inanimate object.

And of course, the gap because of the election. From the breakout, which was three days before the election, excuse me, about a week before the election, on the gap of the election, it's up 60 to 74. 23%. And then you have things like micro strategy, is just a leveraged entity, a big-time leveraged entity, the thing's gone straight up. And this is a company that's basically borrowing money to buy more Bitcoin, which means

if things go awry, it's going to come down as fast as it's gone up. But I'm jealous, and I'm getting asked a lot about the Bitcoin. I repeat what I've said to you all long, whether it goes up big or crashes, which by the way it is done multiple times, I still don't understand what the hell it is. It's just a fixed asset in how much is out there and people are buying into it. It has no function. That's all. That's not putting it down because guess what?

It's been going higher. But it's just a fixed asset and it's being bought and you have all these ETFs now so you can jump into it. and people are jumping on each other, buying at any price, regardless of risk. I told you about one of my clients, who's no longer a client. But I think 1,100 shares at $320.20. I said to him, good luck. I hope it goes to the moon. That was seven days ago, trading days ago.

It's 428. He bought Microstrategy. I'm jealous. but he bought into an entity that borrows money to buy an inanimate object. But that object is northbound. So guess what? The people that have been yelling and screaming about Bitcoin, you got to own, they've been right. We don't recognize the why.

We recognize the what. and that is the price has done what they said it would do. And the word relentless comes to mind. Now, whether or not it is a mania and it is going to pull another Eiffel Tower, I don't know. But it is starting to look a little bit Eiffel Towerish, which usually doesn't end well. But in real time right now, dead. the Bitcoin's up Excuse me

I got to give it Give it back Did I say 23? It's up 33%. 33% In 3, 4, 5, 6, 7, 8, 10 trading days On something

that produces no earnings No sales No products No nothing But doesn't matter Again, it's your money, you get to decide. We're not here to tell you what to do.

We're here describing what's going on. And it's quite stunning to say the least. If things change, we'll yell at you. We're not shy. If things change, we'll scream at you. We're not shy. As you know, we're quite the worry warts on everything. We believe the most important part of the equation is protecting capital at all costs.

And then worry about the rest. But in this case, ain't nobody worry. And another day to day. And leave no doubt, this move is off of the election. where you have the president and his people talking it up left and right, right and left, left, left and left, left and right and right and left. I have a little bit of an issue with it because you lose votes if this thing goes the wrong way. Up next, what else we got for you?

I'm Gary. This is the one only investors edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script. 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, I have a stomach kick 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 I. I-heart radio. Listen now wherever you get your podcasts. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being

poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for indeed sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsor. The sponsored jobs posted directly on Indeed are 95% more likely to report a higher than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results.

When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs. And listeners of this show will get a $75-sponsored job credit to help your job get the premium status it deserves. at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed's sponsored jobs.

Success starts with your drive. An American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion. Our programs are designed for people who never stop. You bring the fire, APU will fuel the journey.

Learn more at APU.APUS.edu. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Inversters Edge with Gary Culpa. And welcome once again to Investors Edge. Now let me tell you what we have to watch out for.

I want you to listen carefully. Right now, they have said that the market's been broadening out. Well, I'm saying it's not brought, it has broadened out, but the herd is starting to thin. And as I said to you, the good gooder, back in 99, what simply happened is the herd got thinner and thinner by the day. while the market bought into a select few areas of note. And all the money came out of a lot of areas and into, as you remember, the mania. I recall I had a visit with a CEO, one of the most major housing companies in the world. The story goes that this CEO had an account with a broker that worked at my firm.

And the broker asked me to go along to visit the company. At the time, the housing stocks were trading at one-time earnings. Let me repeat that. The housing stocks were trading at one-times earnings. earnings. While the market was buying up, I think Walmart was 70 times earnings. There was a select few names like a Walmart, but you know what names they were. When I was all done with that bull market, the last stocks I owned were EMC. I'm going back in the wayback machine. I own Nortel, which by the way, had some accounting problems after the fact.

Lucent, I'm trying to think there was a courting, and when they topped, I didn't get out that right at the top, oh, and Oracle, right at the top, but pretty close to it. And that was it. and then we went through the most vicious bear market. We have NASDAQ, NASDAQ 100 down in the 80s. We're going to be watching for a little bit of that right now. We're not saying it's going to happen. We're just letting you know the, how do I put this?

The ingredients are there because as I have my screen set up, I can tell that just fewer and fewer. and when you have a NASDAQ up 169 today as I speak and I have 66 new highs and 186 new lows on the NASDAF, it's something that sticks out. So just let you know, as you can see, I'm quite the historian, quite the memory of years past,

especially the sore thumb years, But right now, let me be clear again. Software. Not all, because Microsoft lags. But software. It's been coming on. If you look at the IGV, which is the ETF, broke out the day after the election, went straight up, pulled back the three days and looks like today was the hold for now. the crypto and

crypto related so what you have is some things like a coin base a Robin Hood I will say the crypto miners, nah they ain't happen the crypto

and a select few whatever else as I mentioned Spotify, Reddit, Netflix I'll throw it a little bit of article we'll see if Nvidia has a good reaction tomorrow. Again, we don't know. Just want you to keep in mind,

you have three times the new yearly lows and yearly highs on the NASDAQ, but that, again, the good is gooder. Now we'll see does the bad get badder. And I don't have that answer as of yet. Make any sense? We're past earning season, but a few left

as I said Nvidia tomorrow Palo Alto Networks tomorrow I think we get Target this week T.J. Max Deer, raw stores and a few others

but we're pretty much past all the big guys the Fed not for a few weeks got the Thanksgiving holidays coming up which sometimes seasonal strength

and I am not in this camp that Nvidia is going to be the end all be all for the market. I think the market's doing its own thing regardless. But today the bet, most definitely, they're betting on good reaction from Nvidia Mark. In spite, if you go do what I do every day and scan 85 semiconductor stocks, mostly all in the toilet with some deep into the toilet. Yeah, I know that's too much

information. So that's a little bit around about, didn't even mention yields down a little bit today, but have been sticking up. But this big story today is when it was three in the morning here in Hawaii, Maui, and I saw futures, Dow down 500, NASDAQ down 180, didn't happen. Dow weak, NASDAQ strong.

So that all said, you have a great day. Drive carefully. When you get home, do like I do, quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise stay well, be well.

Thanks for joining us. Appreciate you listening. Until tomorrow. Bye, bye. 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. Success starts with your drive.

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