Investor's Edge with Gary Kaltbaum - The Quiet Week In Review

Episode Date: May 12, 2023

Follow Gary on GaryK.com or http://garykaltbaum.com

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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 Colbom, your host day. Thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's Friday.

It's May 12th. It's 2023. Hope you having a good day. We are pre-taping this show. Normally we pre-tape this show. at 4 p.m. at the close of the markets. But every now and then we have to move things around just a wee bit. So today we are pre-taping it a little bit early.

It is 3.24 p.m. right now. We'll take it into the close because we do this without the commercials when we pre-tap. Basically, I go to New York like all the time. to see my parents. My father is 91. My mother is 89. Very self-sufficient, doing great. Amazingly so.

But I'm on the constant move. And today, normally when I go to New York, I'll leave on Wednesday, do Fox, Thursday, and Friday. But I'm going to be going up. I'm actually next week for the week. So, or is it the week after? I don't even know what week it is. Memorial Day week? Anyway, so we go on Friday, come back on Sunday.

That's how we're going to roll. And, of course, it is Mother's Day this weekend. The real main reason for the trip. Anyway, thanks you for being here. This is Investor's Edge as we take you into the close. We have been, what was it, lesson time yesterday on the show, about if there were 10, stocks in the market and we've done it with a hundred stocks and we just like simplifying things

because there's not enough simplification out there. Right off the get-go, we're just letting you know what we hear. And as I have told you, we do not listen to opinion people on anything. Seriously. In the markets, we will listen to Paul Tudor Jones, Stanley Drucken Miller, George Soros. I know some of you hate George Soros, but let's just talk investments. Warren Buffet and a few others. And the reason, Dan Niles,

David Ryan from O'Neill, Used to be O'Neill, Gil Morales, who we've had on the show. And why? Because they have eyes on the market. They are not one of these, well, you know, our target for the end of the year is, we don't believe in any of that. We think that's a lot of BS. And of course, opinions, people are made up of a lot of people that are always fully invested.

And that's no help. In bare markets, that's no. help and we're just letting you know we're hearing a little too much about this great bull market we're in and I'm like what which oh off the lows well I can tell you any given time off of a low you can get good moves but I'm here to let you know when somebody talks the market they're kind of trying to tell you about the S&P, the Dow, whatever it may be. But if you owned financials, imagine if you own great financials. How about these regional banks? U.S. Bank Corps, Key Corp, Comerica,

you'd be crushed. You'd be crushed. Imagine if you owned some energy. I don't know if you'd be crushed, but you'd be down a decent amount. There's some down 25, 30%. Imagine if you owned some economically sensitive stuff that have just been mauled. Imagine if you owned, and you better not at this point, some of the strongest stocks in growth land in 2021 and for some reason you haven't sold, which means you have haven't sold, which means you haven't been listened to this show. We can go through, and as we told you yesterday in the middle of the day, we did a webcast just showing the misery in this market's underneath the surface. And we've explained it to you simply, and pretty simply, a select few stocks are strong

as all heck, and they have such a major influence on the indices. They make the indices look better. And we described that in our little lesson yesterday. And you know the names. Seven names are 51% of the NASDAQ 100 and 23% of the S&P. Two names are 14% of the S&P. Now, we may argue if that's good or bad. Well, it's been good because basically the stocks that have done some of these mega caps have done well. But I can't begin to tell you underneath the surface how much.

damage has been done when I hear people about bull markets and I'm looking at I just scan a hundred financial stocks and by the way not just the regional banks you're hearing about but how about Capital One Financial Discovery Financial and the credit cards Raymond James a great company stocks been slaughtered so this gets us and drives us to make sure we continue to break apart the markets for you because I got news for you. They can talk bull markets or bear markets all they want. There's a lot of stocks that are way down. And last week there were 700 and some odd stocks at New Yearly lows just on the New York and NASDAQ while the indices are not there. What they also don't mention, oh, the Russell 2000 is still down what, 26, maybe 28% from two years ago.

How about the ARC funds down 75% from over two years ago? That's not mentioned. So guess what? We do. We think it's imperative to talk about the right areas. Now, of course, there are many of you that own, well, we own the S&P, fine and dandy. Fine and dandy. I get it.

It's had a good many years. we just like separating the good from the bad. You know, the good teams from the bad teams. And as always, if anything changes, we gladly let you know. And there's a few changes I want to go through today as we get to the close. But first, the moving market wrap is brought to by Investment Dash Models.com. That's Jim Rohrabach, one of the great market timers. No gray areas with the man.

You're either in or out of the market with his proprietary in the market. as proprietary indicators, go check it out. Investment dash models.com. Dowdown 83, S&P 17, NASDAQ 72, NASDAQ 180 was worse, the SOX 14, transports 107, advanced declines, 2 to 1 negative on both. And as usual, much more new yearly lows than new yearly highs on the NASDAQ, and now the same for New York. And how we know if we're getting in real big trouble, if we're.

the new yearly lows really start to get going. They had that move last week. It's gotten a little bit better because we had a couple of decent days, but overall, there's just a lot of weakness. Now, I do want to mention a couple of things that are sticking out right now that have not happen in a while as we head into the close. And it may or may not matter, but it has mattered in the past. the dollar.

I believe yesterday we said the dollar looked like it was turning up. I'm not sure if I said it on radio with just a webcast or both. Our currency against other currencies look like it was turning up yesterday. Now that's great if you're flying over there. And since I'm going to Wimbledon, I'm happy. The bad news is, over the past couple of years, when the dollar was strong, it usually is weaker for the market. So this is something to watch.

Today the market's weak. Not that bad. There's some things getting weaker. Some big cap tech that's been really strong. Some of it weaker. Not the end of the world. The problem is before today, 65% of the market, as we've stated, has been in their own little downtrends of differing levels.

Meaning, we don't want the market. the rest to go bad, up next. We'll explain it more. Taking you to close. I'm Gary. This is the one only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. 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 complimentary portfolio review. The number to call is 888-4-22-559. That's 888-4-22-5-5-5. 5-59. That's 888-422-5-5-9. Investment Advisory Services offered through Colbomb Capital Management. 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 stuff. 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 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 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. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply Steamers are delicious and delicious. healthy. The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty

selections like Healthy Choice Simply Steamers grilled chicken and broccoli Alfredo. It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy Choice Simply Steamers. What having it all tastes like. 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, and there's something called the Russell 2000. It's 2000. Considered to be small cap stocks, but I have to tell you the definition of small cap stocks has changed through the years. I don't even know it's a small cap anymore. It continues to be the south end of a northbound jackass, and I mean that big time.

Now, a good part of that is regional banks, but there's more to it. So we'll just continue to tell you like we do if you are, be large cap, not small cap. That's been an easy call because the divergence is so wide. And again, we'll give it the due about the regional banks, but guess what? Everything counts. Everything counts. Oh, and by the way, financial is not having a good day. today and even the big matzabal jp morgan has been acting pretty weak overall not sure what that means but j p morgan looks like it's starting to really roll over here and aren't these aren't isn't jp morgan the hero oh we shall see so just a little bit of words to the wise we're pretty good at wanton underneath

the surface here the market is much worse than the indices and we're paying very very close attention as we said if there were a hundred stocks in the market we i yes why i remember now saying it yesterday and 90 stocks were going down but 10 were going up but the 10 were 90 percent of the index and the 90 were 10 percent of the index well you get my point you can owe 90 stocks and getting smoked. You can be owning 10 stocks and doing well. But eventually that cannot last. And as we said, the normality of that is if they continue to weaken the masses, eventually they get the narrow, which, by the way, has not happened. Has not happened. You continue to have a few names that are sore thumbs in not big cap land, but mega cap land. Next, you know what Zillow is, right?

So I'm being told that an analyst that Zillow is saying that if they don't get this debt ceiling fixed, mortgage rates are going to go to 8%. I think they're like six in change now. And I'm thinking to myself that would mean that yields would spike from here. Why? Because the 10-year yield is attached to mortgage rates. So I'm a little bit flummoxed by this opinion because if we have a problem with the debt sale, isn't that bad for the economy, which means rates would come down? Or is he talking about, well, just the access to credit will force up those rates. I don't know.

What I would tell you is, if that occurs, three words come to mind, cost of capital. And very simply, as the cost of capital goes up, the cost to borrow goes up, the worse for the economy, the worst for the consumer, the worse for the business. if that occurs. I do not know if that's going to occur. Right now yields on the 10-year pretty much have a firm looking low at around 3.3, 3.35%. But with the dollar starting to spike a little bit, I'm wondering if yields will follow. So we're on that watch at this juncture. big time right now.

And to be clear on a society that lives on credit, it shall be watched. I still am not of understanding why the 10-year yield would spike, but maybe it would be the loss of the credit. I'm not 100% sure.

We'll give it its due. I also saw today that somebody said earnings were good. Let me be clear and concise. Earnings have not been good. I don't know whether they're trying to say, well, earnings are better than estimates, but they said earnings were good. Earnings are not growing in the market. That's it.

stop the statement. Earnings have been going down as a whole. Not everything. That's going to have to improve. You have stocks moving up on the crappiest of earnings reports. We have highlighted it for you before. And as we have told you, and to be clear and concise about it, you ain't growing your earnings.

You ain't growing your stock. So I just want you to be careful about a lot. lot of things you're hearing, a lot of misstatements. Let's put it that way. I don't know where some of them get their information from. I don't know what they're thinking. Now, what does that do for us? Well, we get to highlight the companies that have real strong earnings because they will stick out like sore thumbs. Bit time. And the driving force behind great stocks, is to the ability to grow their earnings. The stronger, the better.

The longer the better. So we'll be isolating those guys big time going forward. What we have also been doing lately, and as we tell you, we're going through the last three years IPOs. The problem there is, a lot of them are trading at 50 cents. They brought out a lot of bad crap at the end of the cycle. ladies and gentlemen. A lot of bad stuff. You know I start in this business at a penny stock company? I can promise you some of this stuff made us look good. I take no joy in saying that at all.

Dow down 53, S&P 13, NASDAQ 62, NASDAQ 167. Transports down 81, advanced decline's not very good. Up down volume, not very good, but definitely off the lows. As we head into the weekend, and take you to the close. Up next, we'll take you to the close. 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 ache 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 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.

Ever feel like your bedroom's running out of space? Here's the good news. You don't have to sell your favorite things to make space. With IKEA bedroom storage solutions, dressers, wardroves, full closet systems, even storage boxes. You can hold onto it all. Your vintage band teas? Keep them.

Those limited edition sneakers? They stay. And yes, there's room for your childhood teddy bear too. Need to organize a walking closet? The Pax wardrobe lets you customize shelves, rails, and compartments, so every item has a home. Too many clothes and not enough drawers. The Stork Lint has six-door dresser is perfect for denim,

sweaters, and everyday essentials. And if the kids are taking over your space, Trofast storage boxes make sorting toys and art supplies easy and clean up fun. From primary suites to playrooms, IKEA has storage options that adapt to your life and help you keep what matters most. Don't sell anything you love, store it instead. Shop IKEA Bedroom Storage today at IKEA.us slash bedroom storage. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong.

Healthy Choice Simply steamers are delicious. and healthy. The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections, like Healthy Choice Simply Steamers grilled chicken and broccoli Alfredo. It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy Choice Simply Steamers. What having it all tastes like. We're listening to America is talking. Investors Edge. He's got to be pleased with that the crowd is just done. It's feet here he's a senator of boy with Gary Colbomb comes highly recommended you're gonna feel better if you

talk to him and what once again to Investors Edge uh let's walk around the market a little bit here uh gold had a very rough day yesterday pretty flat today not much going on there today uh that's number one uh housing stocks have had their way as of recent with a little spike up in interest rates today stocks are pulling in still look just fine and dandy you remember the uh recent crazy moves remember symbol t op went from uh two to two uh four to two hundred and fifty six bucks remember that and we warned you and we don't know what drives these things what makes these things go well it closed today it's six dollars and forty two cents down two dollars and 71 cents and stop trading early in the morning has not opened back up I wonder

remember the AI stocks a simple GFAI went from 4 to 37 it's five symbol a I can't begin to tell you how many emails I got on this one went from 10 to 34 but really the last move was 20 to 34 it's back to 19 I can do more. How about GDC? Here's another symbol. Another China-based name. I'm not making this up. Went from 2 to 44 in a day. Close that day at 32. It's 3 and 7.8s. You want me to do more? I can. But I think that's enough. You all be careful with your money. We're utterly amazed. that is there is still this type of froth and speculation,

that there's still this kind of froth and speculation in the market. And we wonder what it means. No, really, we wonder what it means. We've highlighted this for you in the past. Remember bed bath and beyond? Oh, by the way, it's not trading anymore. They ran it up to like 30-something in August. We're on radio here saying, hey, just want to let you know, be careful.

I mean, they can file bankruptcy at any time. Well, it took a while, but it's bye-bye. And we still have no idea the mechanism. We don't have any idea of the mechanism. The ability of these stocks to do what they did. We just wonder how it's possible. and is it the mechanism because who would buy who would buy a stock up there

you know for GFAI to go from 4 to 3690 to get the 3690 somebody to pay 3680 I think that's how the market works so please be careful I've told you this story many times and it's a perfect time to stop mention it again remember GameStop

what happened with that stock The stock had gone at the time. I'll even give you the date. It started moving on 113 of 21, went from 20 to 38, closing at 31. A few days later on 122, 42 to 76, closed at 65. The next day, the low was 61, the high was 159, the close. The last was 76. The next day, the high was 150, the low was 80, closed at 147.

And then the next day, unbelievably, went to 380, a low of 249, closed at 347, and then was the big day. Went to 483, as low as 112 closed at 193. That day, I got a call in my office. The lady was elderly. I could tell. Asked me if she should buy GameStop. I'm pretty sure at the time it was like 3.30. Not the time, the price.

And I asked her, do you know where the stock was five days ago? Not really. I said, well, it was 30. You're asking me about buying something that's up 11fold in days. She says to me, I don't want to miss it if it goes to a thousand. And while I was on the phone, in like a minute, it went from 330 to 360. I think she was getting mad. I don't know if she bought or sold, but that day it hit 112, closed at 193. the next day hit a high of 310 closed at 210 the next day it was closed at 90 need I say more what is it 20 now

she had no problem buying something at 3.30 that was 30 5 days before that's what we mean by dudes pick your poison know what you're getting into know your risk by the way Who knows it could have gone to a thousand that day Therein lies the conundrum

Everybody's looking for that unbelievable trip But it doesn't work that way in the end How do we know Our motto Number one, don't be the last one in Number two Eventually they all go back to where they came from and guess what's happened

they've all gone back to where they've came from causing gargantuan disaster for investors and traders if they held and I can promise you well I hope people didn't hold

these are lessons that are must when you have markets that are being infiltrated by central banks with nine trillion in creating all kinds of bubbles. By the way, the NFTs, have you been reading? I read about one that somebody paid $650,000 for. Somebody bid 60 bucks for it. We're not making this up. People went insane. People went insane. Didn't somebody pay $2.5 million for something and it's a zero or $10? Yeah, I think the first person who bought a big NFT. Insanity.

Buying into inanimate objects. And you know what happened with the celebrities. A bunch of them were fined, paid a bunch of things off. Yeah, let's listen to Tom Brady on buying crypto. No. And guess what? He lost a ton. So it's imperative.

We'll keep talking. We hope you're listening. Up next, we'll take you to the close. 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 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. Ever feel like your bedrooms running out of space? Here's the good news. You don't have to sell your favorite things to make space. With IKEA bedroom storage solutions, dressers, wardroves, full closet systems, even storage boxes. You can hold onto it all. Your vintage band teas? Keep them!

Those limited edition sneakers? They stay. And yes, there's room for your childhood teddy bear too. Need to organize a walking closet? The packs wardrobe lets you customize shelves, rails, and compartments, so every item has a home. Too many clothes and not enough drawers! The Stork Linty's six-door dresser is perfect for denim, sweaters, and everyday essentials. And if the kids are taking over your space, TroFest storage boxes make sorting toys

and art supplies easy and clean up fun. From primary sweets to playrooms, IKEA has storage options that adapt to your life and help you keep what matters most. Don't sell anything you love. Store it instead. Shop IKEA Bedroom Storage today at IKEA.us slash bedroom storage. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy. The tray and Trey steam technology delivers crisp veggies and tender protein and tasty selections, like Healthy Choice Simply Steamers' grilled chicken and broccoli Alfredo. It's a satisfying meal with 28 grams of protein and nothing artificial.

Healthy Choice Simply Steamers. What having it all tastes like. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the guesters' edge.

By the way, while we're on the subject, tech executive is scammed out of $450,000 by a man. She met on, I guess it's an app called Hinge, in a cruel, and this is what they call it, pig butchering ploy, which experts say is on the rise. A tech executive is real. She fell victim to pig butchering scam,

which sees romance fraudsters, charms single individuals into investing in fake cryptocurrencies. So a little logical message from your handsome and buffed host. Don't give any money to people you haven't met on a dating app, telling you they're going to put them into cryptocurrencies. How hard is that? The crime is known as pig butchering because victims are effectively fattened up with a fake romantic relationship before being butchered by fraudulent.

investment advice. I never even heard of that. I never even heard of Hinge. He told him in order to make more money she would need to up her investment and urge to sell her stocks and take out personal loans to do so. Blah, blah, blah.

And of course, he's never going to be found. Thus, watch your money. Hey, the continued moving market wrap, I think we should do this more often because I got to tell you, I think we started where the Dow was down 100, it's only down 8 now. The NASDAQ was down 90, still down 46, but much better day. I have the screen set up. My stuff screen was beat red. It's turning half green, though financials are still woeful. And, may I state for the record, the Dow. In case you don't know, the Dow, three out of the last seven days has been

trolling the 50-day moving average. It reversed on May 4th. And that was a good reversal. Yesterday, just so you know, the low was 33-127, 20 points of the Dow. Today, it hit 33-1-1-0. Today, it hit 33-110. oh 30 points of the, so we're trolling the 50 day, and it looks like we got defense today at a very, what I consider to be, important juncture. And on a day where you have a strong dollar and higher rates. So this comeback into the close pretty good. And the final market wrap, let's do it again brought to you by investment dash models.com. That's Jim Roerback, one of the great market timers.

No gray areas with a man you're either in or out of the market. It's proprietary indicators. Go check it out. Investment dash models.com. Dow only down nine. What move? Let's see. United Health up two.

Home Depot up two. Both of them are bearish phase. McDonald's, that's in a bullish phase, up one. S&P only down six. NASDAQ only down 44, NASDAQ 150. Sox only down six. transport's down 51, so still a down day, but you're ready for this? New yearly lows on the New York, 109.

New yearly highs, I'm going to guess them it. 15. New yearly lows on the NASDAQ, 224. New yearly highs, I'm going to guess them it. 15. Now, they're showing higher, but when I look, there's going to be some SPACs, some non-operating companies, and all kinds of other stuff. So very good clothes.

As we head into next week, we're by the way, we're pretty much, very much away from earning season. All the big guys have reported. There are some things left. Like next week, you'll have Home Depot in the Dow. You'll have some big Chinese names like Baidu and Alibaba, Target, T.J. Max. Cisco in the Dow. Walmart in the Dow. Deer, applied material.

So you got some important ones. Just in number, it really tails off, which makes my life easier. Just so you know, during real earnings season, which just passed, I'm up an hour early in the morning and I'm working an hour later after the close because I've got to go through earnings. And not only that is that I have to go through the reactions, which, by the way, can change overnight, which is a big pain in the rear. and then I got to put all these big reactions up on the screen and then watch them jumping all over the place like Jello moving on a plate sprayed with Pam

it's work but in good markets stocks that gap up out of ranges oh you just buy them but we're not that type of market for months anything

that gapped up was sold off. Right now, there's some gappers that are working, but fewer and far between. You pretty much got to cross your fingers a little bit and hope. Let's see if I can get you the week. For the week, that was down about 360 points. Yeah. We'll call that about 1.1%. The S&P, though, was only down about 0.35%. The NASDAQ on the week was up about 4 tenths of a percent. The Russell 2000 is just miserable. And as I look at the close here, and again, of import, there's just no love for the financials.

No love for the financials. and J.P. Morgan was probably the worst-looking one today. So we'll just repeat. You want to play them? Have fun. We're not. No intersante. So I'll be in New York City, a couple of days, and then back home. You have a great weekend. Drive carefully. When you get home, do like we 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. Monday will be on with Charles Payne, 2 p.m. Fox Business Network, and same time, this show. Peace out, I'll take care.

Thanks to joining. 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 GaryK.com. That's GaryK.com. So what do this animal... And this animal? And this animal?

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