Investor's Edge with Gary Kaltbaum - THEY DON'T SHUT UP [04.09.2024]

Episode Date: April 9, 2024

https://garykaltbaum.com/

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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. A thanks of being with us today. Glad you're here, ladies and gentlemen. Happy that you are listening. It's April 9th, 2024.

I believe it, it's Tuesday. And if you don't know, this is serious talk on everything that affects you in the markets, the economy, the people running the show into the ground. and whatever else we talk about. And if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it on our Twitter feed, which is now X.

And if you don't follow us on X, you probably should. And of course, you can email me just be nice. And as you know, ladies and gentlemen, we used to do the market. Market, market, stock, stock, stock. This, that, and the other thing. And then the interlopers got involved

and they started interfering. They started running up the debt and deficits that's using you and I as a big gigantic slush fund to the point where I have warned you about what the ultimate outcome of these people are. Keep in mind, 35 trillion of debt, a trillion every hundred days now. The president stands in front of the camera just absolutely lies to you, the investing public, and all American taxpayers, and the media doesn't ask them about it. It is the worst collusion we have ever seen, and they complain about Trump 24-7.

And today, two things, stood out for me. And it goes, and we'll get into the markets in a minute, I promise you, in a few minutes. Two things, two sore thumbs today that stand out on people that are running the show. People that have their fingers on trillions of dollars that are not theirs, trillions of dollars, that are not theirs. That are not theirs. And in a nutshell, I'm going to describe for you two things that happened today. And the first one, I'm not going to say the man is a corrupt piece of crap. but what this man did flies in the face of anything ethical, anything sensible, anything normal from somebody who runs the show.

I could not believe a certain statement was made by a central banker today. Now, in case you don't know what is the big. deal right now. Everybody's talking about inflation and the inflation numbers and how bad they're going to be or how good they're going to be and what's going to come of it and which way interest rates are going to go and what's going to be and what's going to happen and how is it going to happen and all that fun stuff. There's an inflation number coming out tomorrow and the next day. At least that's what I'm told. An inflation number coming out in the next two days. a big inflation number coming out in the next two days.

And a central banker from Atlanta, his name is Bostek. I want you to imagine this. They have the inflation numbers in their hands already. They get them early. And he had the grapefruits today to come out and state that rate cuts could be moved up if pace of disinflation resumes right before an inflation number. Now, what's wrong with this?

Number one, they have the numbers. Number two, it contradicts the last person who contradicted the person before that. Who contradicted the person before that. But the big story is, late in the day, the day. the Dow was down 200. Late in the day, the NASDAQ, let me give you the number. By the way, when we say late in the day, the NASDAQ was down, we're going to give you 16, 178, about 75.

Make sure I get that right. 178, one, yeah, about 70. And the Dow down 200. and he makes that statement. The Dow finished down 9, the NASDAQ finished up 52, rammed the market straight up over 15 minute period. And may I state for the record after some thought, futures are up a little bit in the aftermarket.

So here you have these people that have been capable of printing $9 trillion out of thin air to rig and manipulate the biggest market in the world, the bond market, which screwed you out of your savings for a couple of years, created the three, what I call the three-eight, which is now the three-seven, where everybody got mortgages for under 3% or around 3%, and nobody wants to sell because you got to trade in for 7%. And you could say, oh, didn't they do good for me with these mortgages? The problem is, it's rigged. It's not real. It's not free markets. So this guy comes out today and nothing personal. I don't know, never met him.

Not saying he's a bad person. He's a stupid person with no ethics and no forethought whatsoever. By the way, I'd say it right to his face. How do you make a statement on inflation right before, and a bullish statement on inflation right before a big inflation number comes out? It tells me they just don't give a crap. They think they're just too cool for school. And just remember, these are the people that caused with Wall Street, the 2008 debacle, where we had a fork over 800 billion of our own dollars given to billionaires who committed fraud and we got nothing out of it and they become multi-billionaires.

These are the people that caused the inflation with printing to $9 trillion, and they don't shut the hell up. Case in point today. And just so, you know, I love markets going up. I don't want them going up because of a bunch of the easy money adults. So already the bet tomorrow, oh, the inflation number is going to be okay. It's going to be good. What if it isn't? By the way, we don't believe the inflation numbers anyhow.

All we can tell you is all the commodity prices have skyrocketed recently. And remember, for the last 25 years, they've changed the formula inflation to make it lower than it used to be while changing the formula on GDP to make it higher than it used to be. Anyway, I just had to make it no net. And by the way, I'm not short anything. So I didn't lose any money because of this. I'm longsome things. I made money because of this rally up into the close.

But it just pisses me off that people's mouths, they just don't stop. They just don't stop. And it changed the playing field. One man's mouth. You know what? I think he thinks he's cool. Look what I did. Look what I said.

Look how I move markets. Well, that's number one. We can't go the day without the Marxist in the White House. Ladies and gentlemen, as I have said to you, we have been warned. And by the way, this has everything to do with the markets and the economy going forward. and the ultimate outcomes of massive debt, deficits, rules, regulations, fees, fines, mandates, taxes, and control. The president handed out more of our tax dollars to forgive student loans, which will guarantee, you know who the happiest people are? The happiest? The colleges. They will be able to continue to raise their prices.

I have a good question. So if you're going to forgive all these student loans, what about the next person getting a student loan? Do they even matter? But the Marxist control freaking chief is not stopping. He now wants, if elected again, free community college. Free community college. But just remember about Marxists,

they know there's nothing free. If it's free, who's going to pay the teachers? If it's free, who's going to pay for the books? If it's free, who's going to pay for the housing? Well, what these Marxist control freaks do is just run up massive debt and deficits and give you the big middle finger until it all blows up and then they just blame the other side. Free! Everything! And of course, the students, yay!

Yay! And I don't blame them for yay! A student with $20,000 student loan that, hey, it's now forgiven. I don't know 20,000 bucks anymore. Yay! Do you think Joe Biden knows what the hell he's doing? Up next. We'll put a bow tie on this and then figure out the markets afterwards.

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,

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That's 888-4-2-5-59. That's 888-4-2-2-5-9. Investment Advisory Services offered through call-bomb capital management. Hi, I'm Dr. Jay 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 IHeart Radio. Listen now wherever you get your podcasts. When energy dips, your reviving routine deserves more than a quick fix. Reach for vital proteins, collagen, and protein shaking chocolate.

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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. So, the community college, just so you know this is what they have done in all the communist countries. They sold people, on free while taken over their lives. And I'm not saying we're going to turn into communist Cuba or communist North Korea, but we are turning into a Marxist slash they're trying for communism. That's why you hear the words equity all the time now. Equity.

Do you hear some of the people on the left? Equity. Oh, you make how much? Oh, he makes how much? No, no, no, no, no, no. You got to hand over that much. But they don't go and confiscate your money out of your banks, do they? No.

But they sure as hell try. Do you know a few years ago Bernie Sanders floated coming after your retirement accounts? Not your Social Security. Your retirement accounts. It was shut down after a day. This is who these people are. And I am letting you know, listen to me carefully. And I mean this.

I'd say it to his face. Joe Biden makes Bernie Sanders look conservative. We, the people, all of us, when all was said and done, elected worse than Bernie Sanders. Worse than socialism, worse than Marxism. And the media just sits there pliantly. And of course the reason why is They make a lot of money What do they give a crap?

Ain't going to affect me I get paid $2 million to read a teleprompter What do I care? But it's going to affect everybody People losing their jobs in California Because they went to $20 mandate You make $20 now instead of $15 Screw you

Oh, the business owner said, okay, I had 15 people in here And I now have 14 free community college. What? What? And then you get these central bankers who don't have a freaking clue except easy money

until they were forced to try and fix the inflation they created and they missed. And as I have said to you, and I mean this big time, the reason why Biden gets away with his crap is because you don't directly get affected by it.

You don't go into your bank account online and see a debit of 300 bucks for student loan relief for somebody else. It just goes into the column of debt and deficits that are going vertical. Go look at a picture of the Space Needle in Seattle, the Eiffel Tower in Paris. That is the way our debt is moving. That is the way the interest on our debt is moving. And this Marxist socialist control freak in chief is the head honcho top dog big cheese. And I know the right is saying he's a doofus and dementia this. I think he knows exactly what the hell he's doing.

I know we're hearing, oh, Obama's run the show. Maybe he is, maybe he isn't. But I got news for you. They are going to tank us. Oh, but Gary, the markets. If I added 3 trillion a year into the economy of just debt, printed out out of nowhere, I get 10% GDP. Some of the strongest stocks in the market in the last six months, building slash construction, they're taking all this money for debt and infrastructure.

Oh, but Gary, isn't that good? it's good if you're not running the dead up gargantuanly. Is that a word gargantuanly? And then there's the bull crap, the lies, the thievery

of the climate. Do you think there's going to be one journalist say to Biden, can you give us a list of every dollar spent given out? Do you know what? word I'm reading about right now every day, grant, not loan, grant. A grant is money given away

our tax dollars to who knows who and never to be paid back. Do you know he's handing out money to semiconductor companies that make billions? Why are we doing that? When they make billions. He just gave out billions to Taiwan Semiconductor to build in Arizona And God bless you people in Arizona It helps your economy But it's all debt Which is our tax dollars

Taiwan Semiconductor makes tons of money Why can't they do it Why can't they pay for it Because we're a big Frickin slush fund And they're buying votes left and right in every way, shape, or form an election year. They're doing it on purpose.

And now I can't wait to see. And let me repeat, I want markets going up. I love markets going up. I want these people to shut up. And you have another central bank dult that came out today and had no sense of inflation numbers to come out to make a statement like that on inflation.

I wonder if he bought calls on the market. Oh, they don't do that. Oh, they were caught doing it. And two of them had to resign a few years ago without any repercussions. Yes, I'm pissed. I believe so much in three words, we the people. And two other words, free markets. They're killing them both.

they're killing them both and why do you think somebody like Trump who oh God people love him so much because he talks the other side of the game even though he don't practice it I'll keep scanning

and I'll keep finding good names and good areas and stuff like that but be ready the market will tell us when the jig is up the market will tell us when the game is up. In 2007, it started with the banks totally underperforming the market for six to nine months, and then it showed us the way as a bunch went out of business. When the market tops again,

the same thing's going to happen, not necessarily the banks leading, but who knows what. We will be ready. Up next, today's markets. They traded like a penny stock. 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 egg 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 IHeart Radio. Listen now wherever you get your podcasts.

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pleased with that the crowd is just on his feet here he's a cinderella boy with gary coltbaum comes highly recommended you're going to feel better if you talk to well welcome once again to investors edge at 310 today. At 310 today, the Dow was down 220 points. At 310 today. At the close, it was down nine points on one man's words on what the Fed can do the day before an interest rate, day before an inflation number, which looks like he may have telegraphed. Simple as that. And tomorrow's another day. Today, at about 311, the NASDAQ was down about 128, about 70, finished up 52, on one man's words. They have power, at least in the short run, and that was today. In a nutshell, I don't know if I need to go more. A lot of areas early look to be tight.

topping out, and still may be building construction, a few other areas, but other areas are holding pretty decently, semis are holding. Nvidia broke some important support today, but finished back above, but still range-bound. A lot of range-bound stocks right now, kids. A lot of range-bound stocks. And we'll see what comes of it. Now, why is the next inflation report so important or the next ones? Well, it's simple.

Tomorrow is a consumer price index. This will influence the talk of a June rate cut, which is really the most important, what I would guess would be the short-term thought process in the markets. That's all. I have no clue what comes tomorrow, but I got news for you. I would bet the chalk is on.

a good number because a Fed adult had the nerve to telegraph it and now if the number doesn't come in well he's a bigger idiot by the way again I repeat something

I would say this all to their faces that's how much we the people indices hold and support levels the Dow was getting into some trouble today the Dow was getting into some trouble today the Dow

finished at the 50-day moving average. It's down, it was pretty much below by a couple hundred points. So it finished there and we'll see what tomorrow brings. And I don't know if I need to go any further because we're going to wait and behold tomorrow and see what comes of it. We don't have any really earnings reports right now until Friday when we have a bunch of banks report. I do want to tell you gold was up again today. That 194-195 breakout is now 217. The secondary breakout at 204 is now 217 and that's the price of gold which is quite amazing I don't know if I need to go further on the market right now a lot of range bound 10 year yield was down nicely today to 4.358 at the close and guess what the breakout was 4.354 so you kind of sort of right back there and if we can

break lower, that would be good news. If we break lower, that could be good news. Silver was up also. But again, there's been some deterioration. Nothing death-nellish. But the Dow was getting a little trouble today. Breaking below the 50 day is a negative. The NASDAQ finished right on the 21 day and has been stalled for the last bunch of weeks. The S&P 500 pretty much stalled for, a bit here. The NASDAQ 100, been stalled for a bunch of weeks. The Russell 2000 has been a pain in the rear, but trying, and earning soon. Earning soon. Segway, just want to let you know. Remember we told you in 99, you had companies that changed their mutual fund name from the technology fund to the

internet fund and then when the internet blew up they changed it back to technology fund. Remember that? Just letting you know you know what's coming out a lot of them now. At least a few. AI funds. AI funds.

I saw one today the Alger AI E-TF artificial intelligence. After hot moves after big moves AI. Be careful. We're not saying they're not going higher. We're not saying they're going to not keep going up, but they've had a big move.

And now they come out with ETFs. You know why they do that? Because they know they can attract money. I get it. But a lot of times, a lot of times, they are coming out after the moves. And we want you to just be careful. That's all. Segway again, hey, at the beginning of the end, N-Say tournament. We told you Connecticut. We said we're going with the chalk, and Connecticut won Handily last night. We even told you Connecticut and Purdue, both in the finals. Congratulations.

Congratulations. Very tough to repeat. Connecticut, just very polished team. Very polished team. Congratulations. Next, the segue. I didn't even see this to late yesterday, and I really didn't have time to bring it up. There was a closed-end fund that came out called the Destiny Tech 100. I really haven't looked into it, but I do know one thing. In three days, it went from 30 to 100. It's a closed-end fund. It says of 100 of the top venture-back private technology companies. Maybe SpaceX is in it.

Don't know what else. but it went from 30 to 100 in three days. And all I know is if I saw it yesterday, by the time I did radio, guess what I would have been telling you? Be careful. Went from 30 to 100. These are not ordinary moves. And what do we tell you about moves that are not ordinary?

If you get caught, you lose a lot of money. It was down 36% today to 64 bucks down almost 36. So some of that's still out there. And I'm going to have to look into it, but there's no ETF that goes from 30 to 100 in a day. And we don't know what caused it and don't really care at this point. But just be careful. Know what you're getting into. Be smart.

Don't be silly. The market is a very friendly place, but it's also a big-time enemy if you get silly. And you know what we mean by that. You have highlighted a bunch of things throughout the past and as of recent. And the IPOs recently, the Reddit 75 to 45 in about 7, 8 days. Remember that ALAB, which ridiculous valuation. That only has gone from a high of 95 to 68 in eight days. You just got to sometimes just take a step back.

don't get touted, listen to what people say, and then say, hum, ALAB has, how much? 27, 63, 113 million in revenues, but $11 billion market cap? Huh. And maybe it goes up, I don't know. In good markets, anything's possible. But what do we tell you about when all is said and done in markets? typically, eventually, normally, a dollar will be worth a dollar.

And if you're paying $10 for that dollar right now, oh boy, and we don't say this to browbeat you. We say this because we have seen so many and we've experienced others that have been crushed by being just not so disciplined and so believing. by the tout artists and there's a hell of a lot out there I get cold called I get emails

you wouldn't believe some of the crap that's sent to me and they're very good at it and we just want you to be wary of everything remember how hard did you work not for the money you have but the money you've saved not the money you made but the money you saved up next

this that and the other thing or whatever else I'm Gary. 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 egg every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomach egg 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. When energy dips, your reviving routine deserves more than a quick fix. Reach for vital proteins, collagen, and protein shaking chocolate.

With 30 grams of protein and 10 grams of collagen peptides, it helps support healthy hair, skin, nails, and joints, and a smooth, ready-to-drink shake. So your afternoon reset actually sets you up for success. Vital proteins. Stay vital. Visit vital proteins.com and get started. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.

OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, OnDec delivers funding you can count on. Apply in minutes at OnDec.com. Your business loan may be issued by On Deck or Celtic Bank. On Deck does not lend in North Dakota all loans and amounts subject to lender approval.

You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Wester's Edge. With Gary Culper. So, of the most importance, my father's home, getting along well.

We've got a full time. And, you know, 90, going to be 93 October 20th. Mickey Mantle's birthday. He is a Yankee fan. Well, I'm a Mets fan. And mom made him lunch today.

Going to cook him dinner. It's amazing. She's 90. Wow. I keep telling, I keep getting told that means I have good genes. I sure hope so. I hope to be around a long time.

And my brother is just the Rock of Gibraltar. he's the one up there, I'm not. I fly up there, but he's there all the time. So well done. And I just sit here, whining and complaining to you. But just so you know, I'm whining and complaining for you. I am stunned that there is not more and more urgency on the part of the, what I call the financial

class on what they are doing. We're starting to get people talking about it now, finally, catching up to what we've been saying for years. A few monster financial people in the last few weeks have finally come out and say, this can't last. What's his name? Ken Griffin, one of the biggest, most successful hedge fund guys ever? yapped away Druck and Miller

a few others and I repeat this big time when it hits each side will blame the other and a ton of them that caused it are either going to be dead or retired if you have noticed in the last few years how many

have retired from DC and the Marxists are going to blame the capitalists and it's not capitalists and it's not capitalism that's doing it, it's corruption that is doing it. We were never, ever supposed to be here. We were supposed to have people in D.C. that were stewards,

protectors of our treasure. These people that are running the show and have been doing it for years suck. From Biden to Trump to Obama, To Bush, those four have taken us to debt hell. And one getting worse than the other. And this guy just said, Screw it. I'm just going to...

You think you've had debt before? Woo! You think you spent before? Watch me! And he's laughing his old arse off. and on purpose. And I hate to say it.

Because it's a binary choice. I won't say it. We'll get to the election and see what happens. Do you feel me today? Free community college, more student loan forgiveness with our money and our future debts. A central banker who is one of the people that have created so much distortion. Unethically, yaps inflation and lowering of rates based on it the day before, a very important inflation number, juicing the markets, and they have the number

already in their hands. It's sickening. They're out of control. They're out of control. but back on point gold silver copper big financials acting pretty decent semiconductors hanging in there but just a lot of range bound

and as we tell you range bound is our best friend what do we mean by range bound trading between two points back and forth for weeks if not months a stock trading between 130 and 150 for a month, then two months, and three months. And at the end of the third month, instead of backing all the way down to 130,

it only comes down to 140 and then bangs its head against 150, and comes down to only 145, and then bangs its head to 150, and then busts out a range. That's what Invidia did after five months. So we are in hopes that all of this range bound that we're watching, By the way, is right on my front screen. All of these names, we hope. Let me tell you our hope.

A few more weeks of nothing. And then bust to the upside. Why? We will have another leg up. In spite of, because of, or whatever. Now, we do know one thing. Earning season starts in earnest. This week, end of the week,

there are going to be plays coming off of that. Maybe. We'll be looking for strong gap, strong guidance, group moves, but we have to be patient. We never want to front-run earnings reports. We know we've seen people go on the tube and say, oh, we're buying before earnings. Like they have next week's newspaper today.

Yeah, thanks. What was the one that was crushed? Yes, somebody went on TV right before Palisbury Alto networks. Oh, yeah, we just bought a bunch. And I'm like, are they crazy? And the stock dropped from 360 to 280. We don't do that.

And even if we're to open up at 440, we don't do that. Hey, with all my whining and complaining, have a great evening 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.

We'll see what the inflation number is tomorrow. And I'm sure we will be whining, complaining either way. Take care all. Thanks for joining. Good night. 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.

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