Investor's Edge with Gary Kaltbaum - Up Next...Mr Bubble!

Episode Date: May 3, 2022

More Info At: http://garykaltbaum.comMore

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Terms apply. Lounge access is subject to change. See Capital One.com for detail. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host day.

Thanks of being with us today. Glad you here, ladies and gentlemen. Happy that you are listening. It's Tuesday, May 3rd, 2020. Thank you for being here. Thank you for listening to us. Thank you for putting your faith in us. We're here to talk about everything that affects you.

soup to nuts, start to finish, front to back, the economy, jobs, employment, the markets, them. You know them, right? And so much more. But first, if you do not get this radio show in your city, we will post it at garyk.com. We'll also post it on our Twitter feed to follow us on Twitter. Go to Twitter put our name in. Or at GaryK.com, press the Twitter button. You can email me just be nice.

Really, we are nice. So just be nice. There's nothing wrong with being nice. Ladies and gentlemen, let's take the serious road today. The very serious road today. Because, as usual, while all else is swirling around us, the biggest crisis this country faces is not being addressed.

And there's a reason it's not being addressed because all are culprits. And there's no way the media can cover all because half of them are their buddies. Let me explain. The latest news that is now going to be front and sense. center for days in and days out, weeks in and weeks out. You're reading about it. You're hearing about it. It's something we don't need to talk about because we're in a different plane. It's abortion. It's going to be front and center. Go read the news. They're out there. Another threat to democracy. another crisis

another end of the world scenario brought to you by them and we're talking both sides you see we're not here to talk about that subject we don't want to talk about that subject we're going to let everybody else talk about that subject

we're here to talk about the biggest crisis we face that's not covered and can't be covered because if the media did their job in covering it the one side of the aisle

that they kissed the arse of will be mad at them so let me give you the facts of the biggest crisis this country faces and by far because I can promise you it's not climate change

that's just marketing The words climate change is nothing more than marketing. You all know they started out with global cooling being marketed. Front page, front covers of magazines about global cooling from all the scientists, and then it warmed up. They were looking like duffuses, so they had a change. They went to global warming. the new marketing and then something happened you had major league snowstorms around the globe major league snowstorms they were laughed at what can you do let's get in the room and let's come up with better marketing

so they came up and smartly so climate change you've heard them if it's a freezing out, it's the climate change. If it's hot as hell out, it's the climate change. If there's a couple of hurricanes, it's climate change. If there are no hurricanes, it's climate change. If there are tornadoes, it's climate change. It's always climate change and it's a crisis. Why? Because they cannot sell you on your dollars if there's not a crisis. They actually have people believing that they can solve hurricanes and tornadoes. We have front and center, Al Gore and ex-vice president. In 10 years, we're doomed. It's 17 years ago. Where are the interviews with Al Gore asking him, were you full of crap? And how much money did you make off those movies you put out? So now front and center will be abortion. End of democracy again. End of the world again. What have we told you?

They're very good at it. All of them. Matter of fact, they're excellent at it. They're geniuses at it. Between all of them, over the past three decades, they have spent $30 trillion more than they took in. In other words, 30 trillion more than they were supposed to.

there's your crisis. Biggest crisis we face. And you know what they've done? They've marketed so well. Well, 10 trillion didn't hurt. So let's do 15. A 15 trillion didn't hurt. Let's do 20.

20 trillion didn't hurt. Let's do 25. 25 trillion did not hurt. Let's do 30. But something happened on the way. Why do you think the central banker Our central bankers have now printed out of thin air $9 trillion. Why do you think they rigged and manipulated the biggest market in the world, the bond market, to take rates down to zero?

To cover the arse of the biggest crisis we face. Why is the media, why isn't the media screaming and yelling about it? Hey, Chuck Schumer, you've been in D.C. since 81. You have voted on, yes, on 26 trillion of our 30 trillion. What the hell is a matter with you? Hey, Nancy Pelosi, you've been there since 87. Mitch McConnell, you've been there since 85. Joe Biden, you've been there since 73. You have voted yes on 29.5 trillion of our 30 trillion of debt. Why the hell would we trust you? with our treasure. You have spent 30 trillion more than you were supposed to. And by the way, ladies and gentlemen may not remember this.

They used to be a fight over this. Now, if it was only the Republican's fault, the media would be going, you know what. But they can't. Because it's all of them, one worse than the other. Do you know how they yell in and screaming

they need more money? You know that, right? They have to raise taxes. We have to raise taxes. The billionaires, the millionaires, the trillionaires, we have to raise taxes. We don't have enough money. Infrastructure! Let me tell you your infrastructure.

Because of this 30 trillion, today, 1.6 billion of our tax dollars went towards the interest on all that debt they've created throughout the years that the money. media does not cover. Let me repeat that. 1.6 billion today and grows every day. One point six billion of our tax dollars today went to nothing, to nothing. Up next, we explain where it did not go and we'll put a bow tie on this and do markets. This is the one only 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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The Capital One Venture X card. What's in your wallet? Terms apply. 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. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Sprinker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. 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 1.6 billion went towards interest today tomorrow 1.6 billion and grows a little every day the next day 1.6 billion 1.6 billion 1.6 billion 1.6 billion times 365 days imagine if 1.6 billion did not go to interest and went towards something over the next 300 or how about it one city 375 days? 375 days imagine if 1.6 billion did not go to interest and went towards something over the next 300, how about it in one city, 365 days to help the cities, whether it's streets, the homeless, the infirm, whatever it may be. Why can't the media rip the stuffings?

Because they can't. Because one of their sides is culpable. Can't piss off that side. Got to make nice, nice. So that 1.6 billion today, just today, did not go to infrastructure, did not go to the elderly, did not go to the infirmed, did not go to children, did not go to children who need food. They say a lot of children are, don't get enough food. Did not go to the streets or the roads or the bridges or the airports or the grid. It went towards interest. 1.6 billion today and every single day and grows every single day.

3 billion is added to our debt every day. You know Joe Biden is out there saying, oh, we cut the debt? No, they cut the debt from COVID numbers. He's just another liar. You know, he said he cut child poverty in half. You know what that's from? They sent out a check. supposedly it puts people above their poverty line. Really? What's their poverty line? Their poverty line is a lie. Just like you know what our government's done over the last 30 years, they changed the formula for GDP to make it bigger than it used to be, and they changed the formula for inflation to make it lower than it used to be. Oh, I wonder why. What's the crisis? They're the crisis. The debt.

is the crisis, the deficits, the crisis, the inefficient, ineffective blob is the crisis. The taking over of the markets is the crisis by one man that was unaccountable with unimaginable with unimaginable amounts of conjured up $9 trillion out of thin air with his last two buddies. That's the crisis. You remember 08, right? Do you know why things were falling apart? Because of them. Their job was oversight of Wall Street.

And imagine Wall Street committed massive fraud in plain sight. Not one person was indicted. Not one. Not one. Not one went to jail. Mass of fraud. I'd be in jail for ten years for anything for what they did if it was me. Do you know why? Nobody went to jail? Part of the crisis?

Because the politicians go to Wall Street and Wall Street goes to D.C. Go look who's been the Treasury Secretary throughout the years and where they came from, the same place. You do know that, right? You do know when the crisis hit in 08, the Treasury Secretary was best friends with all these people that committed mass of fraud. Jail time! Nope. Madoff went to jail. They had no choice.

The crisis. 30 trillion spent more than they were supposed to. The crisis. One man printing nine trillions of dollars to do his bidding, to keep markets afloat. Well, we already know the outcomes. We've had bubbles pop left and right. You do know 22% in a number.

NASDAQ is down 75% or more. Almost 50% of NASDAQ is down 50% or more. You do know the marijuana stocks, the electric vehicle stocks, the ridiculously priced IPOs, the SPACs, the 3D stocks, the Chinese ADRs, the hunks of junk. The list goes on and on of things that are down 50 to 90%. The coins. You know, they don't tell you about all the other coins, do they? They only talk about Ethereum. and Bitcoin. Why is that? It's the two holding up, but do you know why they're holding up? Because they're owned by a select few that if they sold, all hell break loose. Do you know what the other coins have done? They've been crushed. Do you know what the secondary stuff that is involved with coins have done? Crushed. You know there's 12,000 coins out there? Ponzi, scams,

crushed. Tons of them, zero. Remember Doge coin? 77 cents at the high. I think it's down of 12 or 13 cents now and the tout artists are trying to get it going again why because they're losing their arse inside of trading did you hear in washington dc they're trying to come with laws against insider trading so in other words they have had no laws on the books about illegal insider trading that martha stewitt went to jail for i would go to jail for you would go to jail for but them they were trading left and right stuff and they knew the legislation that was coming down the and they would still buy and sell stocks based on the legislation. These are your leaders of this country.

Crooks, the crisis, all in plain sight. With the media, hear no evil, see no evil, speak no evil, because half of them are their buddies. Why wouldn't it be hard to ask Joe Biden? You've been in D.C. since 1973. That year, our whole debt was $500 billion. It's now $30 trillion. You voted on all of it.

Yes. Why should we trust you with any of our money? You think he was asked that? So we're just letting you know. The latest. And we're not shrugging it off. But now something now new is bubbled up. It's going to be the abortion.

We don't know who leaked it. Probably somebody who's trying to shake things up because the socialist Marxist party is losing their arse come November. So let's gin up our side. Look what they're going to do. But that's besides the point. Do not take your eye off the ball. Do you know what's been happening with markets? The bond markets lost $8 trillion of principle globally.

It's popped. Up next. We'll finish this up. We'll do today. Look to tomorrow. This is the one only investor's edge. 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 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 subject to change.

See Capital One.com for details. This episode is brought to you by Spreker. 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. If this sounds familiar, you're probably, already a podcaster. The good news is Spreaker makes the whole process simple. You record your

show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousins swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. 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 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 subject to change. See Capital One.com for details. 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. And welcome once again to Investors Edge.

And notice we here, we talk facts. We talk numbers. Can't argue with numbers, can you? So while they are, going to be yelling and screaming now abortion for the next few weeks every day 1.5 billion is going to be added to our debt and a flailing away central banker that would not know how to run a lemonade stand who caused all these bubbles enabled massive debt and deficits the fuse that lit the Inflation is now going to rescue us tomorrow.

Yay. The Fed's in their meeting today. And let me be as blunt as I can be. They don't have a clue as to what they are doing. Not a stinking clue. The only thing they're good at is reading today's newspaper. That's it. they have no forethought, foresight, no clues, except to protect themselves.

And by the way, in case you did not know, they all committed insider trading crimes also that are not crimes for them. You know, a few of them stepped down, resigned. When it was found out, they traded on inside information. For them, it's just bad ethics. For us, we're going to frickin' jail. These are the people that are running the show. They are the crisis. Do not take your eye off the ball.

The worst possible are still running the show. A man as president that has voted for 29.5 of our 30 trillion. is the president. Nancy Pelosi, the Speaker of their House, voted for 25 of our 30 trillion. Mitch McConnell, the head of the other party, 25 of our 30 trillion of debt. They're all laughing their arses off at us. They're all shooting the middle finger at us. While out in the open, they're cursing each other out,

while we end upholding the bag. one thing I have said to you is opinion. Everything I have said to you is fact, and I keep my fingers crossed that this works itself out on its own. But they're still running the show. I equated again to going to a doctor to put a cast on your left arm because it was broken, he ends up putting a cast on your right arm. The worst possible people are running the show. Joe Biden had the grapefruits the other day to tell us a $5.8 trillion record spending bill will cut the deficit from the guy who has voted for 29.5 of our 30 trillion of debt. Chuck Schumer lied. How about disinformation? Raising taxes will lower inflation. Yes, in what world? They don't have shame.

And I want you to think of just a few more things and we'll move on to the market wrap. That 30 trillion is over and above the trillions that we send them over and above. How do we have any poverty? How do we have any starving children? How do we have any homeless? How are there any potholes? Because they're the crisis. the facts prove it out and today 1.6 billion of your tax dollars and my tax dollars went to interest

on the debt that they have created not the important stuff that they keep telling us they need more of our money for it is the greatest con in history and the media whose job is one fold. To hold the powerful to account is nothing more than a lap dog, making sure they have access and making sure they don't piss off the people they want access to. Anybody want to argue? Tomorrow we get the Fed, they are going to try and play catch-up to what the market is already done. they're going to try and put a smart face on their stupidity. If you have a chance and I won't, there will be a press conference afterwards. There will be no tough questions.

Why won't there be any tough questions? Because the people asking the questions do not want to lose access to this man so they cannot piss him off with tough questions. I can promise you if I was asking the questions, J-Powl would get out of a seat and try to beat the crap out of me because I will be asking the questions that matter most. I had to do this today because nobody's talking about it. Nobody. Not a soul.

Who cares that a billion and a half dollars today went to nothing? And every day going forward, nobody cares. They're the crisis. That's the crisis. We'll know soon enough, as we may be rolling down that hill now. We have no doubt that Mr. Powell's going to have to roll back any threat of tightening the screws. Watch the verbiage tomorrow to try to see. save what's been going on in markets.

They're no longer stating what they think. They're praying for what they want. Did not want to harsh your buzz today, but I felt it appropriate at this time. We are the defender of the people, not the people who's supposed to be defending the people. Numbers. Today's market wrap brought to you by

Investment-Models.com. Notice the segue. We're very good at that. That's Jim Roarback, 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 dash models.com. Let me just state the NASDAQ moved up and down 150 points during the whole day, like six times. Finished up 27.

We start with the NASDAQ first because really it's the important index as far as we're concerned. The S&P up 20. It was better because finally you had a good day in the finance. They finally bounced. Financials are important. Good and better broad market today. Dow up 67. Was up 200.

Then it was down 40 with a few minutes to go. Finished up 67. Sox up 22. Transport. That was up 157. Advanced declines, not a bad day. New highs, there really aren't any. I got a few oil refiners.

A shipper here and there. That's about it. Up next, we'll continue with these markets, and whatever else comes to mind. I'm Gary. This is the one only investor's edge. 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 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.

Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreker. 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. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones.

Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. This message is brought to you by the Capital One VentureX 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 access is subject to change. See Capital One.com for details. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Investors Edge with Gary Culper.

Welcome once again to Investors Edge. So yesterday we had a very strong close in the last hour, and usually when we get that, we tell you the words, probably get some upside testing. Got a little bit today, but the broad market was better than the indices. And let me just break it apart. The financials had a good green day today. remain in a bare market. And what that means, it's a bounce in a pretty good downtrend. The semiconductors are up today, and I see AMD up a little bit in the aftermarket,

so maybe they'll be up in the morning, in a bare market. Housing stocks are up today, in a bare market. You got that? Economically sensitive was up today, in a bare market. Auto-auto retail up today, in a bare market. I will tell you this, retail was weak. today in their bare market restaurants were very weak today in their bare market travel related was very weak when we've been telling you how Marriott and Hilton have been

hanging strong but don't buy anything that breaks out right now because everything fails well they broke out in the last couple weeks well they failed and now they're starting to break down again Hilton reported numbers I really didn't get into it yet but obviously the market didn't like it and Expedia was down 25 bucks today booking holdings down 87 bucks so not a real good day for travel related stuff but decent broad market day after a 2,000 point Dow drop in eight days and over an 11 percent drop at the NASDAQ in eight trading days so bounces are normal on the other end oil prices were down today oil stocks were strong go figure and i must tell you we've been telling you that the oils and the commodities and

are wobbly. And in the commodity space, I've got about 15, 20 names that have broken initial support and are not acting well. But others are. The coal stocks acting well. One of them, New Yearly High today. So that type of stuff. And I've yet to do my scans after the close.

I think a bunch of oils still look okay in here. A few have gone by the wayside. So the commodities may continue. But wobbly. But after a good run, there's actually nothing wrong with the word wobbly, but wobbly. Leadership, yeah. And as I look to my left screen here, the high beta growth names that time and time again we have mentioned with the words, we are stunned at the losses. That a crappy day today.

Crappy day. Even when the NASDAQ was up 100, most red. And I keep hearing from people, man, they're down 70%. It's got to be it. Oh, no, it doesn't. Oh, no, it doesn't. And I heard some people today say, well, you should buy tech now, but I know I may have to add lower.

And I'm thinking myself, why, if you think you may have to add lower prices, why are you buying now? And I was asked about it yesterday on TV and say, I don't think you need to buy now. why don't you be one day late, not one day early? Because if you're one day early in a bare market, a 50% drop can drop another 50%. And then be down 75%.

What I'd rather do, and I think I'm pretty good at, is knowing when something has really bottomed. Not a bottom. You know, something dropped 20% and the sides doesn't want to go down anymore. So it rallies up 5% a bottom, but then it drops another 20% versus it's over.

It isn't going any lower. And it's going to start building stair steps to the upside. I haven't seen it yet. And again, surprising me today. HubSpot down 20, team down 12, MDB down 7, MDB down 6. 16, crowd strike down four, zebra tech down 11, workday down seven. Eh, less than thrilled.

Palo Alto Network's one that held up great. Not anymore. Down 14. Was down 23 at one time, but still topped. We have no idea what Tamara brings. That's the trees. You got Mr. Bubbles going to talk and act like he knows what the hell he's doing, but let me tell you, Jay Powell, to the markets and economy, is equal to Gary Kaltbaum

performing brain surgery. And I say that with no joy. That's how bad he is. It's that bad. So expect a lot of yapping tomorrow and a lot of, you know, you know what my real wish is, is the market just do nothing when he opens his yapper. He's going to go. to three quarters of percent on Fed funds, the one year's over two percent. What have I said? He's like racing Usain Bolt in the 100. He's like going against Michael Phelps in the pool. He's that far behind, that bad, that moronic, that imbecilic. And he's the head of our central bank. And even worse, the lemming at the European Central Bank is doing the exact same thing. Do you know the European Central Bank? Let me give you something here.

Their producer price index was 36.8% higher year over year, X energy 13.6. They still have negative rates and are still debating whether they want to raise rates to still be negative rates. That's how bad they are over there. Again, we'll keep fingers crossed. That all said, we do mean well, by the way. You'll have a great evening. Drive carefully. And when you get home to like we do, it's quite simple. sure you hug your family. You hug your children. You will feel better. They will feel better. I promise you.

I'll be on at 2 p.m. Charles Payne show on Fox Business Network tomorrow, probably at the top of the hour, or during that hour. Don't miss it. We'll be back the same time tomorrow. Peace out all. Bye-bye. 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 Gary Kay. dot com.