Investor's Edge with Gary Kaltbaum - Time for smaller? [02.12.2024]

Episode Date: February 12, 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 day. Thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Monday, February 12, 2024. Hope you had a great weekend.

Well, if you were a KC fan, you did. If you're a Sam Fran fan, You didn't. We gave you out San Fran. We thought they were going to win. We had it lock, stock, and barrel. But I got to tell you, this guy, Mahomes, is a difference. And some shoddy play calling from San Fram a couple of times around. But it doesn't matter. Game over. Congratulations to Casey. Hopefully my giants do better. I've lost worst games. Do you know what the worst game I ever lost? When I was in college, I was watching a, I I think if I had 20 bucks on the game, it's a lot. College basketball. Think about this. Georgia playing, I don't remember who. Georgia was getting, and I'm not making this up, six.

Games over. Georgia has the ball losing by one. That's it. Three seconds left. Last shot. I can't lose the bet. Right? Right. The Georgia player goes and shoots it and hits it. You think they win the game. But no, they called charging on the guy. Game over, right? I'm fine. Getting six, they lose by one. You Durham, the coach, takes a bunch of chairs and throws them. onto the floor. By the way, there was like a half second left or a second left when the charge came.

He throws a bunch of chairs on the floor. He goes insane. They gave the other team six technical fouls. Not kidding. But you still have to make the free throws. So imagine, I'm getting six. They're losing by one. Games over. Game's over. They go up to the free throw line. The freaking guy hits every free throw, and they beat me. That was the worst loss I have ever had. I've had losses where I've had the under and basketball games and easily win and you go to overtime and you lose or a second overtime you lose.

Okay, that's bad. But that you Durham won, I remember to this day. Why did I bring that up? I don't know. I was just thinking about it before. but hope you had a good weekend we were up in new york city visiting the parents i got to tell you 92 and 90 and my mom still cooks for him they still take care of each other my brother thankfully lives up there uh but man those that have gone through what i'm going

you just you get to the point really where you're counting the days that that's what Every day is like a good day. And when my brother calls me, I'm like, is this it? And it's not like they are infirm. They're just 92 and 90. And whatever you go through at that age, 92 and 90. Hearings down. Need walkers.

Don't get me started that my father thinks Al Gore is the smartest person on Earth because he called climate change, right? I don't even get into the conversation. But I think a lot of, all of it. of us as we get older, we go through this, I guess I'm lucky, 92 and 90, my parents. Hopefully, I can live that long. So I was up in New York City and I want to thank Delta for getting me safe again. You know, as I tell you when I'm in New York City, I tend to check things out. It's just amazing that drugstores, everything's locked up. It's just so weird because I'm in

Florida and we don't have any of that because people actually go to jail. But, uh, everything went well and again the parents thing is just all right there's your football where do I go from here we'll get to the market in a minute but this is what I really do want to get out of the way I know our audience and I know our audience loves one side and there's a part of the audience loves the other side, and politics is so important to people. I have met people that live at, I have to use these words, live and die by Donald Trump, live and die by, I don't know about live and die about Biden, but the left. And as we tell you, as long as you live good lives without doing anything illegal and commit crimes,

we respect all of you and we get it. But I have to tell you, I have to stick after what I saw this weekend from both, boy, I wish both of them are going to be replaced. I don't think Trump will be replaced, no chance. There's no way the Supreme Court, they'll be fine there. It will be 8 to 1.99. I think any trial is going to go past. But I really, I've said this, I think, four months ago, I think, I don't know if Biden's going to make it. he just do you realize they had 120 million people watching the super bowl and he didn't want to do an interview

how do you not want to do an interview and it's a layup interview it's not like it's adversarial it's like what kind of ice cream did you did you eat last night and i'm just watching him and you know i've never been one there's a lot of people out there ripping him dementia this i'm not one of those but even somebody that All I can tell you, there's no way he makes five years. There's no chance in hell. I'm not talking about living or dying. I just mean abilities.

I'm just wondering if something's going to be done here. And now you have Hillary Clinton out saying it matters. You have the New York Times doing New York Times two op-eds that he's got to get out. So I can promise you in the depths of the hallways and in the parts, I think there's a wonder about it at this point in time. So it's going to get interesting. And Trump, to come out and state, if NATO doesn't pay up, Russia should go in and attack them, by the way, that's what he said.

I'm paraphrasing, go look it up. And I'm sure I'll get some emails. That's not, no, he said, you know, they have every right to. The dude's insane. And you know what I think about what he said about McCain and all the cursing, You know that whole thing. I don't, I don't, I'm going to leave it at that. We have no control.

Whatever's going to happen is going to happen. And whoever wins will respect it and wish them well. But I think we're just dealing with a, all right. I'm going to stop it right there. We have had, we're segueing now. Quite what we call the big cap market. If you compare the S&P 500, the NASDAQ, the NASDAQ, the NASDAQ 100, the Dow, and then go look at the small cap arena. And these days, what we're able to do is look at exchange traded funds and you can just versus.

And there has been absolutely no reason to not be in the larger cap areas of the market because the smaller caps have been. On a relative basis, dead. China has been dead. Emerging markets have been dead. So many places versus the large caps. So when we come on the show and tell you about these names, they're all bigs, mega caps, and the like. We're pretty darn good at potentially, not necessarily seeing changes, but a little bit of what we call the changing of the guard.

And what that means is that if you have a chart of the two, there are people that put out charts big versus small and it shows a gulf. And you know there's going to be an eventuality will that gulf narrows. what we're constantly looking for is that to happen and here's why i want you to listen carefully this is important markets sectors stocks go through cycles and basically they go from one extreme if it goes from one extreme to the other can be the most extremely overbought over loved over leveraged that means the stocks had a monstrous run that means the or the sector of the country of the index, it's had a big move, and it tends to feed on itself. It gets noisy. It gets front cover of magazines. It gets everybody in. Up next, what's the opposite and why we follow?

I'm Gary. This is the one only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investor's 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 8-8-8-5-59. 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 stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. or I'm constantly feeling like gassy. And all of those things are not something that generally,

if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio,

Listen now wherever you get your podcasts. With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're stacking your rewards. Nice. Get up to 5% cash back with Venmo Stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment, and more.

Pick a bundle with your go-tos and start earning cash back at those brands. Do more stash, get more cash. Venmo Stash bundle terms and exclusions apply. See terms at Venmo.com. me slash stash terms. Max $100 cash back per month. Shake it up with vital proteins, collagen, and protein shake. It's a high quality ready-to-drink shake with 30 grams of protein and 10 grams of collagen to support healthy hair, skin, nails, bones, and joints.

With zero grams of added sugar, no artificial sweeteners, and absolutely no carrakeena, it's a clean, delicious way to fuel your day. So you don't just age gracefully, you age powerfully. Proteins, stay vital. Learn more at VitalProtines.com. 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, again, I want you to listen carefully. So you have one side where, what are the most talked about stocks in the market? it, NVIDIA, right? Apple, Facebook, Microsoft, Tesla, Google, all these very well-known names, Netflix, and they can go through cycles. Now, right now, Tesla's in a bare market. Any way you cut it.

It's dead money, under pressure. And there's a rhyme and a reason. demand for electric vehicles just dropped. They keep lowering prices, which means margins are squeezed. If margins are squeezed, profits are squeezed. If profits are squeezed, the stock gets squeezed. On the other end of the spectrum is this AI chip thing. But mind you take away Tesla. So what ends up happening is these stocks become over-loved, over-leveraged, over-bought.

It means that everybody owns them. or anybody who doesn't own them really once again. I'm getting some emails from people right now. I'm not making this up. You know about these moves in SMCI, this is Super Micro. You know about the move in NVIDIA? We're talking 40% on NVIDIA in five weeks, Super Micro, 100%. We're getting emails from people right now.

What do you think here? And even though we have a strict discipline, we teach it, we profess it, and people know it, they still want to hear from somebody, oh, even though it's up 100% in five weeks, it's still going to go higher and I can get in. Overloved, over leveraged, overbought, and they go through this big cycle until the cycle ends. And you don't know from what point or whatever, but I can tell you some of the biggest losses in history from the biggest gainer. in history. It's the natural order of the markets. That's all. Conversely, hated, don't want to be looked at, blasted, bearish phase, bearish market, all hell's breaking loose. Remember,

what we do here is simple. What's leading? What you avoid. And what are the things we have told you to avoid for a very long time? Well, we've told you small caps versus large caps. And frankly, we've tested the small caps a couple of times in the last year, probed a little bit, and just couldn't get them going. China. Dog's barking.

China. It's been dead money. Bare market. Riding the wave down. The process. Very simple. very simple and since they are now underloved under leveraged under owned what happens if you can catch them never to the penny at the low but what happens if you can catch them in the final quadrant low

I guess that's the way to explain it. What if you can catch the move off the lows? What if you can catch the turn off the lows and then good enough to be able to hold them throughout some of what can be a bull phase? So, explanation, some of the best moves are the turns in the market of things. that are under owned that all of a sudden get owned and more owned and more owned and then it goes

through the process of nobody's talking about it to all of a sudden somebody's talking about it then the next person's talking about and then it starts feeding on itself and then before you know it it's already a big you own it right at the outset and now people are jumping in catching my drift We're just letting you know, and we mentioned last week, small caps were starting to show themselves. And we're just going to give you a couple of numbers here. The IWM is the Russell 2000. It is now moved above the $200 level, which was important. Held the 50-day moving average twice on the recent drop.

I can simply tell you a move above $205. 50 and a stick, meaning has to stick, that'll take you above almost two-year highs, and that would be Muir Portante. The Russell 2000 growth is something called the IWO has already moved up the equivalent of 20550 above it and could be on its way. So we're just letting you know There is a move of foot In the small caps

Which has me posing the question What about the large caps? Because as you know and as I have stated to you You got some redwood trees in the large caps What am I talking about? What have we been telling you? You have some names Not a ton of them

But a few that we have that have just looked like Redwood, straight up, and refuse to stop. I would have thought some of them would have stopped 50 points ago, 80 points ago. Nope, they just keep going. So we are wondering if the small caps get going, are they going to pull in the large caps, which, by the way, would be normal as normal can be.

If the large caps started correcting here and the small cap started picking up, we called that positive rotation, and it'd be normal. So we're just letting you know that's something that we are watching. That's something that's starting to stick out. And that's just for starters. Just for starters.

Next up is China. Now, as you know, we have been a void on China for a long, long time. There have been a few names that have been pretty decent. We have mentioned it to yet, but we also told you we ain't touching them. And we said, why? Why are we going to own a couple of strong names out of China when most of the names are in a bare market? And it turned out they finally got those names.

And there's a rhyme and a reason for China. Economy, soft. Talk of deflation now, property problems, debt. The whole works. Well, recently, we've been hearing the noise. Oh, they're in really big trouble. I'll explain that up next. On this, 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. us live with stomach issues, we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh yeah, you know, I just, I have a 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 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. With the Venmo debit card, a taco in one hand, and ordering a ride in the other means

you're stacking your rewards. Nice. Get up to 5% cash back with Venmo Stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment and more. Pick a bundle with your go-tos and start earning cash back at those brands. Do more stash, get more cash. Venmo Stash bundle terms and exclusions apply. See terms at Venmo.com.

Max $100 cash back per month. Shake it up with vital proteins, collagen and protein shake. It's a high-quality ready-to-drink shake with 30 grams of protein and 10 grams of collagen. to support healthy hair, skin, nails, bones, and joints. With zero grams of added sugar, no artificial sweeteners, and absolutely no carraguinen, it's a clean, delicious way to fuel your day. So you don't just age gracefully, you age powerfully.

Vital Proteins, stay vital. Learn more at VitalProtines.com. We're listening to. America is talking. Investors edge. He's got to be pleased with that. The crowd is just. on his feet here.

He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. So, listen carefully. You are now in the brains of Gary. So, in the last two weeks, what we have found, and we have a good ear on this,

is that everybody has now joined what we've been telling you for a year that China is in a bare market and China has problems it's now being reported from every avenue in my business last week oh it's now deflation

China in a deflationary spiral blah blah blah yet all my signs over the last two, three weeks, China's trying to put in the bottom. How do we know this? We're just looking at price.

Found an area, went up on heavy volume, pulled back on light volume to retest it, and rallied up on heavy volume, pulled back less, not to the lows, on light volume, and had another good day today. Now, we are not willing at this juncture

to call it the low. But remember November 1st? That confirmation day, we had the bearish phase with the Russell 2000, was at a bare market lows, and then November 1st we came out and said, we had a confirmation day, by the way, a follow-through day does not mean it turns into something great, but very often it turns into a good low for now.

And it did. Well, we're letting you know that China had one just recently, a confirmation day. And now we watch. And we'll let you know. Interesting enough, there's already a couple of names that held up best at highs. T-A-L education symbol T-A-L as a new high. Same business, E-D-U, New Oriental Education, New Yearly High. but after that oh there's a lot of work

and a reminder of these two names both of them gargantuan crash when China announced they couldn't they shouldn't be making profits what? Yeah so T a excuse me EDU not making this up went from

200 down to $8.40 cents we were in a bare market but also China was killing them. T-A-L went from, not making this up, 91 to a low of $1.60. Then they finally pulled away from the strict regulations because they realized it was like tigers eating their young. The other part of the equation is, I think China, the governments probably realize that they're killed themselves. And recently, over the government,

the last two to three weeks announced a few things lighter on the regulations. They kind of intimated anybody short in the market, we're going to shoot you, and just better pro-business rhetoric when they've been quite the anti-business rhetoric and quite the, you know, communist activities as far as business, which was a worry. So just letting you know, we'll see. Small caps versus the large. Maybe China. Maybe.

What would I need to see? Well, I'm going to give you a couple of things. The FXI, which is one of the main ETFs, needs to get above the 50-day and stick. For the last year, it just has tagged the 50 day, got above it for a little bit, but right back below it within days, if not a day. Need to stick the landing. So we tell you, need to stick the landing, that's what we mean by that. Need to see. Get above a certain area and stick and then build on it.

Notice it's not a one-time thing. It's a process. that needs to be done. And we're already kind of like, do we buy these leading China names that are so much stronger than the others? And we haven't. We're scared

because it's there. It's China. They're insane over there. But I want to let you know better. And the same goes for emerging markets. which has been submerging. And may I state for the record,

the emerging markets, EEM, it's an exchange traded fund. It's gone nowhere since 2007. From that time, the S&P, the SPY is going from 142 to 502 in comparison. For example. So just giving you a little heads up

on that. The other thing we're seeing a little bit of here. Big banks. Strong. Stronger. They certainly not Nvidia or some of these

Bafo moves and some of this tech. But for what they are look pretty good. You know what else? Housing stocks. I'm just going to let you know and we're not telling you to buy, sell

shorter cover. Lenar breaks out of range today. Toll Brothers, just about. And a few others coming on. The ITB, which is an exchange traded for the Home Construction Index, hit a high at the close today. The XHB, which is more home builders, hit a high. So look how we're talking about, oh, look at these other areas.

Because we do know what have we been talking about here? we really haven't had to talk about many other things because a select few stuff did their thing. So a little bit of this, little bit of that. The Dow was up 125 today, but the NASDAQ down 48, NASDAQ 100, down 80. But the Russell 2000 was up 1.5%. The Russell 2000 growth was up 1.6. it's just one day but it's starting to

feed on itself a little bit just letting you know there's a lot more earnings to come out and we'll react to it a crypto what did we say to you last Tuesday and Wednesday the crypto broke above the little range

and it's just 12% move 50% moves plus in some of the names like micro strategy, coin base, and some others. The actual crypto, though, nice little 12% move in three days. Don't know how long that lasts, but wow. Wow. Big wow. So just a bunch of things going on.

A lot more earnings to come, but the big guys are out. and just letting you know, as I stated, we're watching this small cap thing. Midcaps also, by the way. Let me see what that looks like. Yeah, midcaps too. No complaint. In fact, midcap looks a little bit better than small cap.

May I state for the record. So stay tuned. Little changes afoot. Still avoid the gold miners. I'm still avoiding China, though I mentioned. in the couple of names at highs. Most of the oils, though, there was a merger today, F-A-N-G, some sort of merger was up 14. And anything that's crappy.

And there's a bunch. What else do I got for you, since we are market intensive? Anybody hear of Ant2 Therapeutics? Bet you haven't. It was down 74.5% overnight. Went from 20 down to 5. 510. What's the story? Same thing we've been telling you. This is probably number 250 over the last 20 years. Now, let's say 200. A biotech that shouldn't be public. The placebo did better in the drug.

Stock was trashed. We'll put a bow tie on that up next. On this is the one and only, Investor's Edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches.

Like, I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I 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 you can do. 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. With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're stacking your rewards. Nice. Get up to 5% cash back with Venmo stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment,

and more. Pick a bundle with your go-toes and start earning cash back at those brands. Do more stash, get more cash. Venmo stash bundle terms and exclusions apply. See terms at Venmo.combe slash stash terms. Max $100 cash back per month. Shake it up with vital proteins, collagen, and protein shake. It's a high-quality ready-to-drink shake with 30 grams of protein and 10 grams of collagen

to support healthy hair, skin, nails, bones, and joints. With zero grams of added sugar, no artificial sweeteners, and absolutely no carrakeenae, it's a clean, delicious way to fuel your day. So you don't just age gracefully. You age powerfully. Vital Proteins.

Stay vital. Learn more at VitalProtines.com. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Gester's Edge.

With Gary Culpa. So there have been good moves in biotechs with no sales. There have been some buyouts. biotex with no sales. I think there was one today. But here's one that was down 75%. And we're just to the belief that companies with no sales, you know, that's just Wall Street making fees.

Anyway, be careful. Know what you're in. Know what the deal is. That's all we're trying to tell you. As always, you get to decide it's your money, not ours. But realize when a company has no sales, you're risking a little bit more than normal. And it could be in biotech, but there's others also. And two therapeutics.

Nothing personal, nothing against them. It's been public since March of 22. Actually hit a high of 23 and a half. I'm not even sure if it was an IPO. Could it possibly? I don't think it was a SPAC either. I don't know. Anyway, just destroyed.

By the way, I see some news here. Bill and Melinda Gates have been involved. Impact with Bill and Melinda Gates to discover novel boron-containing small molecules for treatment of malaria. Noble cause. Rough day. Next, I wanted to bring up. Anybody ever heard an Aon insurance broker? Well, the stock was just trash recently.

on earnings, something like that. I'm just letting you know a director bought 15 million bucks of it at 301 bucks a few days ago. It's already 310, bounced up the last three days. We found out over the weekend. We like always telling you about companies where there's huge insider buying. And since there hasn't been a lot of huge insider buying, it's been rare. but we tell you when it happens, and there's been some good moves off of some of these things in the past. Our favorite one in recent history was Wynn, when Steve Wynn bought a hundred million bucks of his own stock back in, was it 16?

I think it was 2016, if I'm not incorrect. and the stock just went insane at the time. I bought 100 million bucks. And the stock looked like crap at the time also, by the way. So just letting you know A-O-N and we'll keep a watch on it. Doesn't mean we're going to buy it. And doesn't mean they're going to be right. But it's always instructive and something we put in the file manager

on a big purchase like that. I also want to mention, you know, that New York Community Bank that just got trashed, and there's old worries about it going bankrupt. A few people stepped up at that company and bought stock between $4.50 and like $4.50. It's at $4.89. What's the problem? When the CEO buys $50,000 bucks of stock, it tells you his window dressing, and I wouldn't follow it. CEO should be buying monstrous amounts of stock. So not for me.

So give you an idea how we roll when we look at these things. Anything big coming on the horizon? There's some insurance. Excuse me, there's some stuff coming out from inflation and all that crap. Fed doesn't, not another, I guess, five weeks away. Everybody keeps asking me about the Fed. I keep saying I don't care about them. 10-year yields at 4.17, they're at 5.5.

I don't think they matter much. What we just want to do is follow the market. It'll dictate. It'll take us. It'll move us around. And if we're smart, when wrong, be wrong fast, be wrong, small, when right, try to let them run as far as they can be, as far as they can go. In the news, well, I started out with Biden and Trump, but I mean, it's just

it's so demoralizing it really is you know when you have you know when you have a boyfriend a girlfriend and you break up with them you never want to hear from them again you don't want to hear anything they have to say well I've never had any love for Biden

I did vote for Trump the first go round I just lost all feel for both I think they're both Anyway, moving on. News. I don't know if you know this, but for the first time in 20 years, made in Mexico is outpacing China. Mexico is now the top producer of goods ship to the U.S.

This comes from the Census Bureau. We think that's right. You know, the deal is supposedly more contentious out there because of immigration and stuff, but, yeah, a lot of trade going on. Hundreds of billions of dollars. Good to see Good to see Speaking of that in the news

If you watch the Sunday shows And I only watch some outtakes You would vomit if you listen to this administration on immigration Lies stupidity Ordomoronic I don't even know what to say And unfortunately

You know they have this new person meet the press I don't even what's her name They're not journalists anymore You ask a question and they lie back to you. You're supposed to follow up and cover it. If they lie to you, you're supposed to say you're not telling the truth and let me show you what we mean. No, no follow-ups. Of course, if it was the other side of the aisle, there's follow-ups.

Harsh follow-ups. But you've got to kiss the ring and kiss the butt of the party that you like. And I put a little tweet. saying they're lucky I'm not doing the interviews. What a shame. The border is going to still be a mess. Anyway, you have a great evening drive carefully. I'm going to watch these small caps.

We're going to watch each China. We'll keep up to date on it. You 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 bad. I promise. Congrats to Casey again. Yeah. Peace out all. Until tomorrow. Bye bye. This has been Investor's Edge with Gary Cult Bomb on Biz Talk.

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