Investor's Edge with Gary Kaltbaum - Those Rates!

Episode Date: September 6, 2022

Follow Gary on GaryK.com or http://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 our 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 Coltbaum. 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're listening. It is September 6th. It is Tuesday. It's 2022. Hope you had a good three-day weekend. We are told that everybody is back and working and all's well. That ends well. We'll see. Anyway, had a great time in New York. Went to the Mets game and jinx them on Sunday.

They couldn't have played a worse game, but was hung out with the family. The weather was good. I lucked out again, no late flights back and forth to New York. and I will tell you the last couple of times, let's see, Orlando to New York, I had a 7 o'clock flight, I gone in at 2 in the morning. The next one, I got in at 1 in the morning,

so you never know it's kind of like potlock. Anyway, enjoy. As you know, this is the most important show, TV or radio. No, really. on you and your money. We don't pull any punches on that.

We're specific. We're to the point. We listen back to our shows. We make sure what we wanted to convey to you came out correctly. We just want to stay one step ahead or lockstep with the market. That's all we need. We have become the protector of your dollars, if you listen to everything we said since February of 2000.

actually even before, as we told you, we're going to have massive bubbles popping, and that's that. It's not even close. No other show, TV or radio, or podcasts, and does it without bias, agenda, or ulterior motive. We inject politics in it, but because we, We have to. We don't want to. We have to as both parties have become the opponents of all of you with the greatest of con artistry by both sides. We've proven it. We don't even have to throw out opinions. We state facts that cannot be argued. They are our opponents. And we're going to highlight a couple of those in a little bit. Both sides. Miserable. But first, 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. If you don't follow us on Twitter, you should. You just go to Twitter and put our name in. Or at garyk.com. At garyk.com, you can email me. Just be nice. And most everybody is now. We hardly get anything disrespectful anymore.

Why? You all have recognized. You all have recognized. We have one goal. And that's you in spite of them. And you all have recognized in this latest bear market. We did again what we did in 2008, protected you. The same with when COVID hit.

Two days before COVID hit, we told you we thought the market had top big time, not knowing that COVID was going to be that disaster and it was pretty much a crash. So stay tuned. We'll stay specific. We'll stay to the point. But in bare markets, our first goal is protect you from the ills brought to you by J. Powell and the central banks that create. created this massive gargantuan bubble that has popped to smithereens and has destroyed wealth

with anybody who decided to stay with it and believe the con artistry of the Reddit crowd, the meme crowd, the bubble crowd, the coin crowd, the marijuana crowd, the SPACS crowd, all a bunch of con artists, with many of them just stuck. and still trying to get you in while we're telling you, the bubble has popped. They ain't gone back. It's over and done. And we still get people that don't believe it. But we have studied bull and bear markets.

We've studied bubbles. We've told you to read the book, extraordinary, popular delusions of the madness of crowds. We told you up front that everything was going to go back to where it came from. because that's how bubbles popping work. We explain to you. There was a guy who paid 18 grand for invisible sculpture. Do you know what that is? It's nothing.

And he paid 18 grand because somebody deemed it. NFTs, that stupid crap, we're now wealth completely destroyed. Non-fungible token. What the hell is that? Some guys paid $2.5 million for one of them and tried selling it for $250 and couldn't get that. We warned you of all of it, and it's all come to fruition. Even worse than we thought.

The coins? Gone. Our motto, our mantra, 90% of the coins would drop 90% or more with Moscow and a zero. It's happened. and they've got the two mainstays, Bitcoin and Ethereum. Yet the tout artists are still at it. They're to be laughed at. You do realize they're all stuck.

You do realize they can't sell. If they sell, they kill each other. We hope you listened. So today, a few things. The chief financial officer of Bed Bath and Beyond. jump from what is known as the Jenga building in New York City and is dead of suicide, the chief financial officer. He was accused along with some other person of concocting an idea to get a short squeeze on it and then sell. The other person, his name is Ryan Cohen,

who just coincidentally sold a craplode of Bedbath and Beyond stock. And I gather this is the first chapter of what's to come. When Bedbath and Beyond hit into the 30, we begged you, we pleaded with you, we told you, it was gone back where it came from, it's back to seven bucks, down another buck 60 off of this tragic news. Greed looks like it took over. Greed. Hate to see it. Hate to see something like this. The Trump's SPAC, at $100 we specifically warned you.

that all the SPACs were going to be lifeless when all was said and done. I take that back, most all, that the SPAC move was nothing but a money grab by people that saw, hey, other people are doing it, let's do it. Celebrities and athletes got involved because they're a bunch of greedy SOBs also. And they foisted upon you, and they were on the move these things, and then we started to notice what was going on. they'll never be indicted well a couple of people were indicted already but every spack was electric vehicles or batteries and we know by a hundred years of history you can't start a car

company with very little money they all go out of business it was a scam it was a con brought to you by the many and all the spacks are down to nothing now we're hearing about a bunch bunch of SPACs now that we're trying to merge and the mergers aren't happening and guess which one isn't we warned you about the Trump SPAC not a political statement has nothing to do with it up next we'll explain we'll get into a few others and today's market rap and all that crap I'm Gary this is the one only Investors Edge hi I'm Gary Kalpom 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 888-4-22-5-59. That's 8-8-8-5-9. That's 888-4-2-2-5-9. Investment Advisory Services offered through call-bomb capital management. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing.

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

I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem.

To learn how IBM is building the future of computing, visit IBM.com slash quantum. Cashflow crunch. On-Dex small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover, seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow.

Depending on certain loan attributes, your business loan may be issued by On Deck or Celtic Bank. On Deck does not lend in North Dakota, all loans an amount subject to lender approval. 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 called bomb.

It doesn't get better than this. So, the story goes that former President Trump's company Truth Social, isn't that funny as all hell? Ask Donald Trump to spell the word truth. Anyway, he has stopped promoting it, the merger, and I guess did not get shareholder support to extend it, but now later in the day it came out they got it two additional days but we told you at a hundred bucks dudes this thing's going to 10 we told you that it closed the 22 today hit a low of i think

1975 and it doesn't matter if they do the merger or not it's not worth five bucks just we're just talking valuations here uh we warned you recently about the other ones. AMC. Yeah, they ran it up, I don't know, between the two stocks they have now. What is it? APE and AMs. Anyway, it's down to 13 bucks.

The AMC stock hit 27-half is down eight. We warned you about Beyond Meat. They were trying to move this money-losing company. They got it from, moved it up to 45 bucks. It's 21 and change now. We just recently warned you again about GameStop. They try to get that moving again. They got it up to 48.

It's 25 now. And the... I'm going to use the word once today. The ass clown, crooked tout artists are kind of sort of nowhere to be found after they were touting the hell out of you four weeks ago. Oh, it's the next one. It's going again.

There we go. So just be careful. Just be careful. I noticed recently the marijuana crooks were out recently. Oh, Gary, what do you mean crux? Well, they're down like 80, 90%. They've been touting you all the way down, and they don't tell you they're down 80, 90%.

I think they're crooked. Guess what's happening to those stocks? They're getting smoked again. And just because the stock is down 90% doesn't mean it doesn't drop another 100%. You got that? the Bitcoin New Yearly Low on the GBTC I believe

That's the thing that trades is Bitcoin Yeah new yearly low And that is only That was 55 bucks last November It's $11.83 today But don't worry, it's going to a million bucks And the Ethereum is down to 1156

It was 47 bucks last November Oh but don't worry everything's fine. That's all going to be good. Micro strategy, you know, the guy of the CEO's gone, right? 891, it's now 204. And how that guy was able to keep his job all the way down is beyond me. The Miami coin they came out with down 95, 96%. But people are talking about the Miami mayor as a presidential candidate. Really? You want to vote for a guy who brought out a coin that went down 95%. Really? oh but it's just a coin. So we're just letting you know that one of the things we told you about a good six, seven, eight weeks ago

it was a worry. As the market was rallying up, I think we started mentioning at the end of July, we said to you, wait a minute, we're getting massive froth and speculation. That doesn't happen at bare market lows. We warned you.

And it turns out, yeah. Remember this one? ATXG, who's an IPO, it moved from trading on the bulletin board to $5.00, it went to $600 bucks. That's one of these China companies, hardly has any sales, doesn't make money. It went from $5 to $600 the same, excuse me, I take it back, $6.50 the same day, $5 to $6.50. And it closed that day at 656. And what did we tell you that day?

It's gone back to five. In like five days, it's back to $5.80. HPCO. Another one. A $6 IPO went to $42 the same day. It's back to $4.5 bucks. And you know about the H-KD, remember that one? Went from 7.3 quarters to $2,555.

We told you it's gone back, but you couldn't short any stock. It's back to 6895, down 31 bucks today. So you got this massive froth and speculation. A few weeks off of a low, and I'm thinking to myself, hell no, this ain't no low. And certainly it looks that way as major indices are heading back towards the lows. More importantly, 600 new yearly lows in advance of the major indices. So word to the one.

eyes. Froth and speculation, especially the record kind, does not happen at bare market bottoms. And it looks like that was a great indicator. And we would just report in the news and characteristics. So just letting you know, we just wanted to state this up front. Why? Guys, gals, protect your freaking capital. I read another story about the NFT business is down 85% from the highs or something like that.

NFTs have fallen off a cliff as sales and prices plummet. There's just a bunch of bull crap. And of course, you know what happened. The celebrities and the athletes got involved. And God bless them, they sold stuff at just ridiculous prices and people getting their butts beat up. All in the name of one thing. Greed.

Greed. And that's why we are the most. most important radio show, podcast, TV show on earth. There's nobody more important than us. People are getting killed. What else did we warn you about a year ago? What did we tell you the last thing? Housing. We sold our main property because of what we thought. We don't want to do that, but we knew. It's the way it works. It's how bubbles pop. And unfortunately, the guy who caused all these problems is still running the joint. This guy, Powell, is a nightmare.

And then you add in the president that raises taxes on corporations coming out of a pandemic with the economy on the ledge and threatens good Americans with tax audits. Nice one-two punch. Up next, today's market. Much more. I'm Gary. This is the one only investors ad. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM.

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

Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? Yeah. My cell phone. is a mature technology at this point. How far are we from that point with quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. 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. or 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. On deck. is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDEC's loans up to $400,000 make it happen fast. Rated A-plus by the Better Business Bureau

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He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. So let me put a bow tie on it. So you got all these bubbles popped.

You got markets in turmoil. You have J. Powell running the show, and here's the problem there. We warned you he went too far with $9 trillion up to $9 trillion printing money. He kept rates at zero was wrong. He's been over $0 for $0.4. 100. He's been wrong about everything. He's still running the show, got renominated only in Washington, D.C. Can you be renominated to be a gargantuan failure? And I'm, gargantuan isn't big enough, by the way, as far as failures are concerned. And now, he's still failing. Let me

explain how that works. Our central bank's fed funds rate is at 2.33%. But the 10-year yield is at 3.33. Actually, 3.34. You know what that makes Jay Powell? He's like swimming a race against Michael Phelps or running a race against Usain Bolt. He's not even in the race. He's so far behind, and the market knows it. The market shoot the middle finger at the guy

because the market doesn't trust them. There's no credibility whatsoever. And you know what the worry is? He overreached on the upside. We worry he's going to try and save face and try to fix his legacy to the upside. And remember what we told you. He created booms.

He created bubbles. What did we tell you is the outcome of bubbles? Busts! Well, we've had a bust in the marijuana stocks, in the short-squeeze stocks. We had a bust in the Chinese ADRs. We had a bust in the SPACs. The ridiculous we price IPOs. Ridiculis priced no sales biotechs.

All the electric vehicle bull crap companies. Bubbles pop in everywhere. Is it a reach to say that the market's not going to go bust? You know, the NASDAQ's in the 30s already. What have we told you? We wouldn't be surprised the S&P in the 30s, NASDAQ in the 50s. It's not out of reach. Why?

They still don't know what the hell they're doing. And as I mentioned before, the commercial. Our presidency of the United States first is raising taxes on corporations coming out of a pandemic. and with an economy on the ledge easily, and then threatening Americans with audits and calling them tax cheats. You know, the left is thrown around the word fascist

quite easily for people that are on the Trump side. Do you know what fascism is? It's being a control freak. What's more than a control freak than a president that wants the audit the living crap out of every American because he calls them tax cheats? What's more fascist than paying out people that owe money with other people's money? What's more fascist than rules, regulations, fees, fines, mandates, taxes? I just described Joe Biden As much as I can't stand Trump

Think about that The media sucks They should have been ripping Biden's You know Ripping them from Kingdom Com For calling American people tax cheats Which ones? Who? Oh, that's right, the ones that make too much money

It's sickening And you wonder why I think There can be a bust. I hate that we harsh your buzz right after Labor Day, but we deal in facts here in reality here, ladies and gentlemen. They're nuts. So the market ran into resistance. Yields are now going higher.

Markets now plunging. We come after Labor Day. And we didn't know what was going to come of it. All I can tell you is we opened up hot. We crashed. This is for the day. We opened up hot. Then we were down 300.

Then we rallied up to be up again. Then we dropped down and rallied up again and dropped down and we didn't finish well. And what do I mean by well? A couple of things. Before I give you the final numbers, here's what I'm interested in most right now. Listen carefully. First off, the market wrap is brought to you by Investment-Models.com. That's Jim Rohraback, one of the great market timers.

No gray areas with the man you're either in or out of the market with his proprietary indicators. Go check it out. Investment-mottles.com. while all these people bottom, bottom, bottom, bottom, bottom, bottom, bottom, bottom, bottom, bottom. We deal in reality. Listen carefully. You have 606 new yearly lows on the New York and NASDAQ. While the indices are not there, you know what that means? Individual stocks are leading the indices, and the more that show up on that list, the worse it is for the market. That's number one. Number two, today, advance declines. On the NASDAQ,

NASDAQ 1395 up, 2969 down. On the New York, 1183 up 2884 down. You know what that means? More deterioration in the markets today. In an oversold market, what do we mean by that? When a market is oversold, it means it went down so far, so fast. And being oversold, you typically eventually get bounces. You bounce up, you rally up.

This market can't even bounce up for a day right now. now. And we were told maybe when we get back and everybody's back after Labor Day and we're out of the summer doldrums, no. They opened it hot today and they distributed stock today. Dow was down 173, the S&P 16, NASDAQ 86, NASDAQ 187, the SOX 27, Transport 73. The only redeeming whatever is the Dow was down 280 at one time. The NASDAQ was down, I think, 14, 150, so it was off the lows, but still finished down. with crappy advanced declines, crappy amount of new highs, hardly any, and a bunch of new yearly lows. These are the type of statistics that are underneath the surface that you will not hear about

that we watch most. And we're just letting you know it was not a good day. And then the other part of the equation, the 10-year yield went up 1.47 today to 3.34. So it was a 3-1-1-7. 93, 3.193, finished it 3.34. You know what that is? That's your mortgages. If you try to get one are going much higher again. And that is not a good scenario. What have we told you here? We want yields to come down and the market had a respite when yields came down from June to the low August 2nd. And guess what happened? Yields by.

We're heading higher and I will give you a number here on the 10-year yield it better not go through 3483 3.483 is the high in June now yields are overbought markets oversold so maybe you can get some relief here anytime soon. I don't know not Not predicting anything we deal in the big picture But man oh man I'm just letting you know again if yields go through 3.483 I'm not so sure they'll be good for markets Just remember, every data point, every economic statistic, every asset price was working off a 0% Fed funds, 0% two-year yield. It's unbelievable what we're seeing. The two-year yield last November was 0.04. It's now 3.4. So you went to nothing up here. You know what the only. redeeming out of this whole thing is, you're getting paid on your money markets now.

Instead of J. Powell stealing the money and giving it to the lenders and banks, those beautiful people, you're actually getting some money now. And you'll get even more in a couple of weeks when J. Powell raises rates again. By the way, the three-month was zero. Last December, it's 3% now. Three-month treasury. That's why. Up next, more on this, that and the other thing,

and whatever else, I'm Gary. This is the one, only investors' edge. Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing. Whether it's coming up with new algorithms, coming up with better AI, coming up with quantum or coming up with just how do different accelerators go together.

It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature.

Right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with Quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. 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 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 IHeartRadio. Listen now wherever you get your podcasts. 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 help make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, On-deck delivers funding you can count. on. Apply in minutes at on deck.com. Depending on certain loan attributes, 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 Culpa. I very much advise each and every one of you to go read what's going on in Europe and the United Kingdom with the energy and what Russia is doing. It is a real, real, real, real, real, real, real, real, basket case over there. And it's obviously of no help. The European Central Bank, who is,

think about this, five times worse than Jay Powell. And you know what I think of him? watched inflation go to 9% kept rates negative in other words you go to the bank deposit money and have to give them the toaster

well finally the idiots there raised rates to 0% and acted like they're brave and now they're all worried oh no here we go so they've got to start raising rates too or else you know what's happened over there the euro

is now lower than the dollar I think it's 98 cents to the euro now. Takes 98 cents to buy the euro. Seriously, 99 cents. It's going to be less soon. And the reason that is is because they're morons over there. It's being run by this woman, Christine Lagarde, just another easy money dalt.

All of them. The guy before her, droggie, ended up running Italy. He's out on his butt now. And interesting how Italy is now ground zero for the debt in Europe. So the easy money clown who ended up running Italy has now put them into major debt. Catch in my drift. We have the worst of all worlds running the joints. Trump, $6, $7 trillion a debt, Biden, and just Biden, they called Trump a liar for four years.

Joe Biden is the greatest liar of all time, and that is tough words to come by after this last guy. There is not a day that goes by that Joe Biden isn't lying about something. And that's after the last guy. So we'll keep watch on this. Nothing redeeming about today's market. We're in the midst of, let me put it best, we better not break the June lows. And we're kind of them not that far, we're not really that close.

10-565, we're 115-44 on the NASDAQ, so we're a good 8, 9% from there. So, you know, the S&P, it's about the same, 9%. But leave no doubt, the action's been miserable and interesting how all the froth and speculation that we worried about as a characteristic, No way this can be a real market bottom. And that was a great indicator at this point.

If anything changes, we'll let you know. You got that? If anything changes, we'll let you know. And of course, right now we're trying to hang on to what's holding up best. Where's the strength? And I will tell you day by day, there's less. And there's some things that the solar's definitely strong than others. Of course, they got a crap load of money from our government.

you know the climate deal yay let's see oils were down today the coal the price of coal is a new yearly high ground multi-year high ground so coal stocks were strong early but faded at the end of the day as the market faded and as I'm looking around just the solars were up today airlines were green but very minimally. After that, not much, as we said to you. Most everything was down today. Wish we had better news.

Barish phase continues of unknown price and time. And actually, we're actually surprised that today we finish down like we did. We don't worry about the short term. We worry about the big picture, but we came in deeply oversold them. They opened it hot. Maybe they can, you know, have a couple of days. Nope, not even today. and there's your market.

We've got a lot of questions and a lot of feedback on our thoughts on marijuana. Well, our same thoughts on marijuana is our same thoughts on the gambling, of legalized gambling everywhere. It's all about government and getting more of your money. Same thing with lottery and stuff. My favorite thing is the lottery and the gambling and the gambling in sports and the draft kings and stuff. What they keep telling you, oh, you've got to gamble. Oh, you're going to win.

They don't tell you. you only win because of the losers. And of course, at the bottom of every commercial is handwriting, the disclaimer that Superman couldn't read about if you have a gambling problem, call this number. I just want you to remember the lives are being destroyed because of this. Marijuana is not good. It is addictive. It's bad for people.

But they made it mainstream. I was just in New York City. They should change the name to just weed city. It just smells like one big giant joint as you walk through New York. York City now. And the rise of mobile gambling. And by the way, we believe in individual responsibility. We believe in people got to take care of themselves. We believe it's the people's fault if they lose all their money gambling. But man, they've made it just damn easy in order to get your taxes. Anyway, you can read about what's going on out there with the mobile gambling

and stuff like that. Big business. Of course, the gambling stocks are trash because if it's legalized everywhere, guess what? Dilution everywhere. Same thing happened when marijuana stocks. Again, we believe in individual responsibility. You've got to take care of yourself. Boy, oh boy, these wonderful people in government are making it easy so they get more taxes. Remember, they tell you don't smoke cigarettes, but marijuana, we're going to legalize.

There's your logic from people who have taken us the $31 trillion of debt. Think about that. It's why they call me Mr. Logic. Anyway, again, not a great day today and wish we had better news. I do have my fantasy draft tonight. Hopefully I'll have good news on that tomorrow. Then again, we won't know for a few weeks. You'll have a great evening, drive carefully.

Tomorrow I'll be on with Charles Payne at 2 p.m. on Fox Business Network. And when you get home to like we do, it's quite simple. No, really. Make sure you hug your family. Make sure you hug your children. they will feel better, you will feel better. I promise. Hope you're listening to us.

We do mean business. We're dead serious about this, whether you are or not. Until tomorrow, have a great night, everybody. Take care. Good night. This has been Investor's Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com.

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