Investor's Edge with Gary Kaltbaum - Tout artists [12.30.2025]

Episode Date: December 30, 2025

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Starting point is 00:00:52 glad you here ladies and gentlemen happy that you are listening it would be uh December 30th uh 2025 And as you know, I can't wait until 2025 is gone. Been a rough 2025 for the fam. Get rid of it. Goodbye. Peace out. That's all I can tell you.
Starting point is 00:01:21 Hey, this is serious talk about the things that affect you, but also the things that are out there. On you, on everything that affects you. whether it be the markets, your job, the economy, your industry, the Morlocks in D.C., just everything. And that includes my industry and the tout artists. We did that in our webcast today. We're going to do a little bit of that today, or maybe a lot of that today on the show. and of course on this show
Starting point is 00:02:09 if you do not get this radio show in your city we'll post it at gary k.com we'll also post it on our x feed and if you don't follow us on x you should just put our name in if you'd like to email us just be nice
Starting point is 00:02:26 oh and yes we'll post it on the YouTube channel of biz TV and as we told you we got things in store that are going to happen right in January, about our own YouTube, and this show. But what I really want to talk about today is, and maybe we're being a little bit repetitive, but that's okay. And I'm rounding off.
Starting point is 00:03:00 194 down to 72. 16 a quarter to six and a quarter. 44 to 12. 61 to 24. 43 to 12 14 1⁄2 to $1.32. Did you hear that one? 100 down to 50. Shall I continue?
Starting point is 00:03:55 Because I'm going to. 31 down to 12 and 3 quarters. 62 down to 22. 11.5 down to 340. 21 down to 13. That doesn't seem so bad that one, huh? It's bad. 19 and 3 quarters to 5.
Starting point is 00:04:28 16 to 8. $6.60 to $2.40. 50 down to 10. 50 down to 10 80 down to 8 80 down to 8 80 down to 8
Starting point is 00:05:16 161 down to 27 no no really 161 down to 27 23 down to 9 and for the sake of brevity will be done soon 57 down to 14 57 down to 14
Starting point is 00:05:54 25 down to 14 that's not as bad as some of the others 10 and a half down to $4.40 cents 11 and a quarter down to $4.40 and $3.30. 30 cents. Have I got your attention yet? How about 22 down to 10? Ooh, here's a good one. 240 down to 82. 1460 to 7.5 bucks. I think I have your attention, right? 32 down to 7.5 bucks. I think I have your attention, right? 32 down to 7. I think I'll do a couple more.
Starting point is 00:07:05 How about 44 down to 12? Do you know what all these have in common? They're mostly all down 50% if not 60 or 70. Most all of them topped out two months ago and are down 50, 60, 70%. But you're not hearing about them except for us. and the reason you're hearing from us is because we warned you. You're hearing from us because we're pissed off.
Starting point is 00:07:46 Because we watched a bunch of growth guys go online and in social media and tell you some of these no sales companies were growth stocks. No sales, growth stocks. They lied. You had made. any touting them, shouting at you because their themes.
Starting point is 00:08:22 They were nuclear companies, quantum computers, drones, robotaxies, or robo-whatever. Miners of Bitcoin, my favorite one is the rare earth. Rare Earth Wasn't that the name of a group in the 60s?
Starting point is 00:08:50 Rare Earth Musical Group Let's see if I'm right about that. Rare Earth, I was right. They sang, I just want to celebrate another day of. Look at that. But what happened?
Starting point is 00:09:10 They all crashed. We warned you. We told you, if nothing changed. Eventually, ultimately, they will all go back to where they came from. How did we know? Study of bull and bear markets. What happens to no sales companies? Little did we know that they would top out in October, most of them, and crash. And we have just noticed nobody bringing them up because I bet you they all sold on the first down tick while they kept touting you. And we're bringing this up for the simple reason.
Starting point is 00:09:56 We believe our number one goal here is when things are at extremes and valuations are a joke and crazy themes are going crazy to the upside. There's a hell of a lot of money to lose. And it's our job to warn. We had no idea when. For all we knew, we said this, maybe they double and triple from here. That was near the highs.
Starting point is 00:10:30 Just do not be around another one of our little lines when the music stops. What pisses me off more than anything is the rare earths. Because I think there's. There's like 15 to 20 of them, and I think there's one that has sales. The rest did not. And it was unfortunate that the administration brought them up and actually named names. There was two companies that mentioned, yes, we had conversations with the president. And the stocks went skyward.
Starting point is 00:11:10 Up next. We'll put a bow tie on it and whatever else. Pay attention. 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.
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Starting point is 00:14:21 Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. So, There was one rare earth company, no sales. The stock went from $2.70 to $16.28 before you can blink. They had mentioned they had conversations with the president.
Starting point is 00:14:56 Now, I don't know if it's true or not because nothing's ever come of it. And that stock has gone down, I don't know, 65, 70% from the high, and they still have no sales, and they just did a secondary. You know what the secondary is? It's a public offering of stock, and it pisses me off because it dilutes the airholder
Starting point is 00:15:37 and screws you. And as I am looking at news, I'm not mentioning names today. On October 14th, the stock was up 81%. The company engaged ahead of high-level critical Mineral Talks with the U.S. President Donald Trump. And you all bought into it. Well, you guys didn't, hopefully.
Starting point is 00:16:14 We're bringing this all up because we're even stunned. We're bringing it up because yesterday we did a little thing for you how our poster child on the nuclear stuff has gone from 194 to 71. and now the two founders just sold $340 million of stock and the company still has no sales. I don't blame them. I'm not even pissed at them. I would too. What irks me is how these things get touted up the wazoo in order for the insiders to sell massive amounts of stock and watch the stocks crash afterwards.
Starting point is 00:17:07 So I plead with you. I beg of you. Be smart. We think you're already smart by listening. You're going to get one thing here. You're not going to get anywhere else. We call it the watch out below. You see, indices have done what they have done this year. I just went through what? 40 names that are down 50% or more. I can do another 200. and all in the same realm. Drones, Bitcoin mining, Robo this, nuclear, quantum, rare earth. And amazingly, some of these companies have sales and are still down 50. One plus one equals two.
Starting point is 00:18:14 Ladies and gentlemen, when Rivian came public. and that was in the month of November of 21. And we yelled that the ass clowns on Wall Street brought it out at about a 80 billion market cap with no sales. And the next day got touted up to a $180 billion market cap. It was a $78 billion dollar market cap. It was a $78 deal that the next day was $180. They had this almost $200 billion market cap the next day with no sales.
Starting point is 00:19:08 GM and Ford, together with $250 billion of sales, had a lower market, had a, excuse me, about an equal market cap, a little bit higher. And we told you, under no uncertain terms, that eventually valuations would matter. And by June of 23rd, June 20, 2020, 3 went from 180 down to 14 bucks. And it's at 19 right now. And by the way, they do have sales now, but still lose a ton. One plus one equals two. We warned you of beyond meat. You remember that right?
Starting point is 00:19:53 And this company at sales came out 2019. And I remember it had... Trying to think how much market cap. Like a hundred billion? And they sell plants for you to eat. And we simply said to each and every one of you, who's going to eat plants? And for how long are they going to eat plants?
Starting point is 00:20:27 And how long are they going to be in vote? Well, they're bankrupt. These are the things we want you to listen to. first second this is strong that is strong this is strong
Starting point is 00:20:45 that is strong this is breaking out that's breaking out because I have news for you if you're involved with these disasters you can have any money to invest
Starting point is 00:20:53 and you may say oh come on we're smart I'm not saying you're not I'm letting you know I've seen it all I've seen it all and the most
Starting point is 00:21:10 not talked about story of the last just two to three months is the 50% plus drops in hundreds of touted theme stuff with no sales or very little sales that were told you that were told to you oh their growth horse crap we're going to keep doing what we are doing we're not going to let up And we're going to still tell you, we're not sure if they rally these things back up again. We don't know. We've seen it before. I remember when GameStop had that initial move, crashed, had another move, and then crashed.
Starting point is 00:22:05 Because valuations always are going to matter when all said and done. So we just want you to remember this. We don't mean to harp, but it's money. And you've worked your tail off your whole life to protect that money. am I correct? And I repeat, I could have done a couple hours of stocks like that. And I can't begin to tell you how hype they have been, especially the things associated with crypto, especially. Up next, today, another mushy day as we head into the end of the year. This is the one only investors edge.
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Starting point is 00:24:56 So, uh, another mushy day. Uh, Dow down 95, S&P 9, NASDAQ 55, NASDAQ-15, NASDAQ 133. Uh, the Russell mid-caps down. I believe the socks, the all-important semiconductor index, finished only down 9. But at one time today was up, uh, 50. So that pulled in. I don't, not a lot to add, except I have to mention these metals. I don't know what the hell's going on.
Starting point is 00:25:39 Huge gaps to the upside, gargantuan gap to the downside yesterday and a gap up today, but they sold back down towards the close where palladium was down a bunch, platinum was up but way off the highs gold was up but way off the high silver silver remained pretty decent though off the highs silver stronger than the most there is for me absolutely no edge on telling you what to do here or how to do it i just don't know what tomorrow's going to bring what i do know is they have that iful tower character characteristic in some of the things. If that is the case, if that is the case,
Starting point is 00:26:31 what you saw yesterday in some of these things, if not all of them, the highs for now. But not because things are wrong, it's because silver, and I'm going to give you the ETF, went from a breakout at around 49 to 50, one, two, three, four, we're into the fifth week right now, now, you ready?
Starting point is 00:26:58 50 to 71. Last I looked, that's 40% in four plus weeks. That's an insane asylum. We're not saying it's not going higher, it certainly could, for all we know. Some of these things just feel like Eiffel Towerish. We'll know in the days ahead. At the very least, you know the line. stretched, extended, overbought, noisy.
Starting point is 00:27:30 We'll see what the outcome is. Stunning. Next, what does this move in metals mean? Adds to my little worry list. You know my biggest worry, right? There's no bears, especially on technology. There's no bears on tech except people that have been bearish for a while and don't necessarily time the market, but usually get it right when all said and done.
Starting point is 00:28:05 You know who I'm talking about, right? I follow some very smart people that are not timers. But I'm not going to name names, but I have some people that I follow that early 99, mid-99, very bearish on tech. All hell's going to break loose. They're going to go a lot lower, and they had that big move at the end of 99. into March of 2000, and then they crashed. And as you know, I as one, been very worried about the concentration. Just so you know what that means.
Starting point is 00:28:52 These big mutual funds and hedge funds own huge amounts of the stocks. When things go awry, they are in their meetings, portfolio managers and executives, How many shares do you have? And in recent past, just so you know, I don't know if you heard, but core weave is down 60% highly touted AI name. You know what the institutions have been doing with that, right? Get me to hell out. And insider selling too. How many shares do you have?
Starting point is 00:29:31 How about Uber? Off mentioned name. guess what institution's been doing we own too many shares how do we know well i see five skyscraper days of volume in the last uh i don't know two three months all big down days that's not aunt mary and uncle bob selling those are the those those those are the marks those are the breadcrumbs on the trail that's how it works when things are good when things are rolling the opposite how many shares do we own to that we don't own enough get some more the worry is that concentration if things go awry well let's see we mentioned corb how about oracle dropped 50% from september
Starting point is 00:30:31 5-0 the larry elson's technology company that's that's the not supposed to happen. Why does it happen? Because everybody got tons of shares and something happened. There was a belief that, oh, these back orders and backlogs, they ain't going to happen. And as the debt was being sold off, there was more worry about what's going on, more selling. So if there's any worry I have, and by the way, we're not predicting it. It's the concentration in all these things. We can see what concentration does when things go the wrong way. We've seen throughout the years great companies, their great earnings growth stopped because whatever reason. And it's stopped near the highs, where the big institutions own tons of shares. And in their meetings,
Starting point is 00:31:45 how many shares do we have? And then it feeds on itself. Support levels get broken, moving averages get broken, you get the hit. And of course, we're on here telling you that. So just let me know that is one of my issues. I'm not worried about the Liberation Day type tariffs anymore. I think they learn their lesson. I worry if the president puts somebody in that does take interest rates down to a percent, which will mean nothing to you except you get screwed on your money markets, that could have mortgage rates go higher, as we have explained. They control short-term rates. Mortgages are tied to longer-term rates, as well as other loans. That's not as big a worry. And then there's the job market. We keep hearing about golden age and the
Starting point is 00:32:53 greatest economy and this and that. The job market sucks right now. The numbers are terrible. not the four what is it four six unemployment rate it's the trend and the creation of jobs is way down and of course the backers are out there BSing when under Biden there was a 200,000 month oh numbers suck Trump gets a 50,000 month oh good number so you got to be careful about that member we have no bias no agenda no altery motive just to tell you how it is job market and that's why we've said to you many times in the past become indispensable if you're working for others become the most important people at the companies
Starting point is 00:33:51 if you work for others work harder work smarter work longer work better market yourself well without kissing the you know what because you never know I've owned my business forever Because I've seen too many talented people lose their jobs for whatever reason. That's why I'm such a big believer in entrepreneurship, owning your own business, because you never know. And when I read stories of people that get fired after 30, 40 years and get nothing,
Starting point is 00:34:39 pisses me off. But welcome to our world. That is how it works. so the job market and that could possibly have to do with artificial intelligence I don't know I keep reading some things that say yeah and some things that say no
Starting point is 00:35:00 we'll keep fingers crossed on that because that's movie importante up next this that and the other thing this is the one only investor's edge it's no use putting it off the best time for an underwear refresh is now Tommy John underwear is designed for a perfect fit that stays put all day.
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Starting point is 00:36:10 card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio.
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Starting point is 00:37:36 Action! In the Gester's Edge. With Gary Kulp-Bah. So a lot of what we've done today is protect smart. So this all comes from anybody here, the gentleman by the name of James Chanos, he's this famous short seller. I follow him also, and I'm always interested in what he's seeing. It turns out a SPAC, you know, I'm not going to name a name. You can go follow them on Twitter. It's on there. A company that merged with another company to develop natural gas and helium assets or whatever.
Starting point is 00:38:54 Has no sales or very little sales. A $10 SPAC went down to $32. Nice, huh? What is that? 96.8% drop? Well, we're always wary. Because the stock then rallied up to $760 and there was noise out there. And the news came out that they're going to develop a $100 billion AI data center.
Starting point is 00:39:35 It's the company's first development. 3,500 acres, doesn't matter where. Whatever. The company has no sales, and they're going to develop a $100 billion AI data center? The market cap of the whole company at the price it is today is $100 million, with no sales. You see what I'm talking about here? When marijuana was hot a few years ago, all the advertisements I would get was on marijuana.
Starting point is 00:40:43 You know where I'm going with this, right? You can actually tell because all the announcements and all the marketing now is data centers. Everybody's building a data center. Everybody's going to develop. Remember when electric vehicles, when the SPACs, every SPAC company that merged with another company, that's going to make electric vehicles, a business that's heading south. And by the way, how many companies have started a business to sell cars and are still around? Catching my drift?
Starting point is 00:41:23 So everything now is a data center. Everybody's going to build a data center. A data center. And you know what I'm thinking to myself? Boy, there's going to be a lot of empty data centers that are going to turn into housing development you get catching my drift remember the warning we did on marijuana
Starting point is 00:41:47 with you guys all of a sudden all these companies are going to sell marijuana really how's that going to be and we told you impossibility and be careful
Starting point is 00:42:03 and all the marijuana stocks drop 90 95% but I was laughed at well we're just letting you know right now everything's a data center Data Center Data Center 100 billion
Starting point is 00:42:16 200 billion $300 billion Size of Manhattan And we're just wondering Is it another one of those Another one of those And again I know I may be sounding like a Cassandra No
Starting point is 00:42:38 It's just being a realist And keeping my eyes wide open That we are being told something That has to be that we need all this for that and I'm just asking questions how is somebody going to spend
Starting point is 00:43:02 $400 billion and make money and for what oh for artificial intelligence oh and what's that going to do well and what about if 50 of them get involved you know there's a bunch of big companies
Starting point is 00:43:20 that are getting involved now supposedly some have backed away quietly. So we're just making sure because I got news for you. If data center stocks start breaking out a range on three times average volume because earnings are up 90%, sales are up 40%,
Starting point is 00:43:42 you're going to know we're going to tell you. If the companies that provide construction, electricity, and energy for the data centers all break out of range on heavy volume to the upside and report 100% earnings growth, 70% sales growth, we're going to know it. We're just a little bit worried about seeing core weave down in the 60s, Oracle down 50 at the lows, their bonds getting hit, their credit default swaps, price to ensure that debt going up, and the numbers that are being told to us feel like an impossibility.
Starting point is 00:44:27 and when I see a company with no sales talking about a hundred billion dollar AI data center with James Chanos, a very smart man sarcastically, a $150 million market cap company announced development of a hundred billion dollar AI data center. You know, my next line is, what's wrong with this picture? So stay tuned, we're going to stay on it. there's very concentrated and everybody into the pool area of the market
Starting point is 00:45:04 where nothing can go wrong except if your core weave an Oracle of course that'll be a close watch for 26 that all said last day of the year tomorrow you have a great evening drive by the way tomorrow night don't drink and drive when you get home do like we do quite simple
Starting point is 00:45:28 make sure you hug your family make sure you hug your children and they will feel better, you'll feel better. I promise they will be well. Have a great evening, everybody. 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.
Starting point is 00:45:46 That's GaryK.com. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. There's zero-chafe thanks to four times more stretch. than competing brands and their innovative horizontal quick draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less.
Starting point is 00:46:12 Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One track travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is
Starting point is 00:46:48 subject to change. See Capital One.com for details.

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