Investor's Edge with Gary Kaltbaum - VERTIGO BUT GOOD VERTIGO

Episode Date: February 7, 2023

Follow Gary on GaryK.com or http://garykaltbaum.com

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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 Colbom, your host day.

Thanks of being with us today. Glad you here, ladies gentlemen, happy that you are listening. It is February 7, 2022. Just a few days away from the Super Bowl. I have not changed my stance. I love the Eagles minus the points. We gave you the Eagles championship game, and we told you under no uncertain terms,

we love them against San Fran. We have the same thought. We think they're above every other team. Now, remember football. If the Eagles turn the ball over five times, they're going to lose. It's all about turnovers, but you know how you force turnovers? from your offensive and defensive, from your defensive lines.

They have a stronger defensive line. So needless to say, I go, don't give a crap about the game because my giants are out, but we love the eagle still. We will give our official pick out on Friday. I have no feel on that 50 points over under. I really don't. Usually I do. That's a tough number.

You can end up with 2421, 28, 21. All right, that's our football for the day. So when we went off the show yesterday, as you know, you know who we are, right? We are your protectors. I am your protector. I am here to do one thing first, second, third, fourth, and fifth is to protect you. Protect you from what? Well, first off, the Morlocks in Washington, D.C.

If you don't know what a Morlock is, go look it up. It's from a movie. but also to protect you from yourself. Now, don't take that as a put-down. Do not take that as a put-down. But we understand and we have studied. You know when we talk about how we studied markets? We are just not the greatest technicians on earth.

We've studied the psychology of markets. We have studied the feelings of the markets. And when we say the feelings of the markets, it's your feelings. the masses feelings how do you think we've been able to call tops when everybody's their most excited how do you think we've called bottoms when everybody's dower and in the dumps yesterday when we went off the air we were talking about bed bath and beyond and i'm going to use a different word today I don't know if I used it yesterday, but I'm going to use it today. Who were the morons?

And I've got to be careful with that because maybe one of you out there did this. Do not take it personally. Take it as I'm here to help. Who would go home owning Bedbath and Beyond Stock knowing that any day they could file bankruptcy? And if they did, the stock, gets wiped out. Do you know that? It's a wipeout. So when we left the stock closed at around $5.85 and in the aftermarket was ticking up to $6.10 and we did our usual. We warned you. And we said to you, we're not telling you to buy sell shorter cover, but you've got to know what

You're dealing with it all times. Right? If you found out your Uber driver, well, Uber wouldn't hire them, but let's just say for the sake of it, has five DUIs. Are you going to get in that car with that person? Heck no.

You got to pick and choose. Risk management. I'm not getting in that car. people are speculating in a company that any day can file bankruptcy. We're not saying they're going to, but damn, 15 minutes after we were done with the show, taping it, and before we aired it, you know what they did? They took advantage of the morons squeezing the stock up. You know what they did, right?

Let me read it to you. And we'll get to the good point on this to make you understand where we're coming from on this and to tell you how to understand how serious this is on your money. They proposed an underwritten public offering of CIVRAGE convertible preferred stock and warrants. A public offering, 75 million.

The stock finished today at $3.1,0.00, down $2,000. down $2.83 on that news. You know what the company said? By the way, that's 48.63% today. They said if we didn't get this done, that's it. We're done. We need the money. Now, I don't think the deal is done yet.

It wasn't what we call a spot secondary offering. It's a proposal. They were hoping to get it done at much. much higher prices, but they killed themselves. They shot themselves in the foot. Now with a moron's going to short squeeze it back up. By the way, GameStop, I mentioned that. Yes, they was down $2.64.

The $21 and 22 cents. Last I look, that was a juicy 11%. I consider my first job is to protect you from yourselves. And you know how I know this? Eight. Just eight, but eight. What do you think of bed, bath, and beyond should I own it? That's the questions I'm getting. So memo, message to you, the peeps out there, who I care about so much, this business is a pain in the ass. The markets are a pain in the ass. When you have a Marxist control freak running the country markets are a pain in the ass. When you have a Marxist control freak running the country markets are a pain in the ass. When you have a central banker that doesn't have a freaking clue and is in prayer mode every day that created massive bubbles destroyed free markets distorted all price and yield screwed savers created the inflation when the inflation hit said it was transitory when he realized it wasn't transitory slow walked it up markets crumble

the bubbles crumble, everything crumbles, finally starts playing catch-up. And now everybody likes them because the market's better. What have we told you here? What has been our motto? Nothing's bad as long as the market goes up. Oh, don't worry about $31 trillion in debt. The market's going up. Oh, don't worry about this.

The market's going up. Don't worry about that. The market's going up. Oh, and the market was up today. We just ask of you to remember how much money. can be lost. And it's utterly amazing that after the monumental losses of the last year and a half, since two years, February of 21, that people are just already jumping all over themselves. My very close friend, Charles Payne, asked Kathy Wood an interview yesterday.

You feel about being down 73%. How do you, handle that or just you know how do you fight off people oh they believe in our process those people who believe in a process that takes a fund not a stock down 73% to this day down 73% in two years is beyond me god bless my buddy charles pain for handling the interview with just the utmost of class, I don't think I could have. So first, protect capital. Second, protect capital. Third, protect capital.

Up next, the markets. I'm Gary. This is the one only investor's edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's mad.

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 888-422-559. That's 888-4-22-55-9. That's 888-4-2-2-2-5-5-9. Investment Advisory Services offered through call-bomb Capital Management. This message is brought to you by the Capital One VentureX card.

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Agents who are realtors do more than open doors. They analyze market trends, interest rates, comps. They can tell you about flood zones, mixed use zones, and decode acronyms like H-Overns, A-A-A-R-M-LS. They connect you to lawyers, contractors. Even Phil, the Seward Scope guy. They negotiate, coordinate, advocate for you, close the deal with you, and hand the keys to you. They bring you home. Realtor's are members of the National Association of Realtors, right by you. 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 best

of quality programming with Gary Coltbaum it doesn't get better than this by the way think about that the young lady said the reason why she attracts money and this and that is people believe in our process that has us down 73% over the last two years 73 so let's see a hundred dollars is now twenty seven dollars in two years Triple that $27 is only 81. You're going to have to make three and a half times your money from here on a fund that dropped 73% to get you back to even from two years ago. Yet she said people believe in our process. Imagine me doing this radio show and giving you out thoughts that have been brutally and blatantly

wrong that have cost you oodles and oodles and oodles of money but i said to you yeah but my process is so good what she also said yesterday she her high upside on bitcoin is one point five million dollars by 2030. Bitcoin price is $23,226. $23,260 times 65. It would have to go up 65 fold in seven years. She said it with a straight face. 65 times. This is why I do this show. This is why this is what I fight against. This is what I yell

and scream about. Well, not scream. Maybe rant. The protection of capital when there's so many are paraded around you that are doing nothing more than taking your capital, which leads me to Jay Powell spoke today. You know what I think about him. He was treated like he was Warren Buffett today. By somebody I very much respect in David Rubinstein in an interview. And by the way, whatever Powell said made the markets go insane today. What do I mean by insane? well let me give you the intraday market wrap which is brought to you by investment dash models com that's jim morback 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 now i'm not making this up when powell started speaking or getting into the crux within 15 minutes, the market rallied 400 points. From 33778 to 34169, almost 400. In the next 5, 10, 15, 30 minutes, the market dropped 539 points. and then from 150 p.m. to 355 p.m. rallied back up 600 points and into the close dropped about 90 points to finish up 265 on the Dow.

That was today. That was today. Now, I can get into what Jay Powell said. It don't matter because I didn't understand the word he said. And none of it should have been earth-shaking, market moves. But as we have told you, somebody, one person's ability to print to nine trillion bucks and force the hand of so much in the markets with no accountability or oversight, no accountability, no oversight, cause so many problems and get no blame because it's not worth

blaming him because he's not elected. That was today's action. But the good news is the pullback we had, we told you, we expected it to be controlled was you had a really good rally into today at the end of today and it sets up for higher prices. Got a break above the range that we now set, but it sets up. if the market wants to go higher for higher prices. Simple as that. That was the intraday market wrap. Up 400, down 500, up 600, up 600 in three hours. Off of the words of a man that has been wrong on everything,

but is treated as the guide to solve the problems that others created when you know, we know he created. That was today. Simple as that. So let me wrap a little bit up here on this end. Guys, gals, protect your capital. Who knows what the market's going to do next? Who knows what it's going to magnetize to you to next?

You know, everybody's now talking about artificial intelligence, AI Microsoft had a meeting today on it the stock was up 10 bucks on AI Nvidia is supposedly AI Up 10 bucks today AI

The AI speculations Got hit hard today AI When I look at those names I see they all have big losses AI Watch yourself AI

state of the union next and more in the markets. This is the one to only investors end. 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 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 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. 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 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.

You'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 just remember, we're not telling you what to do. You want to go buy bed, bath, and beyond. Have at it. We're just telling you what we think. and given you evidence backing up what we think. The amount of money that has been lost in the last two years has been gargantuan, whether it be the crypto, the Rivian, the ridiculous price IPOs, the SPACs.

Wall Street doesn't give a crap about you. Remember, in 0809, Goldman Sachs created mortgage-backed security. and sold them and then shorted them saying they sucked, which in my mind is pure fraud and corruption. Just now the SEC is putting in a rule against doing that. I go to jail if I do that. It's good to be well connected. Wall Street came out with SPACs. Remember when I started in this business, they were called Blind Pools.

They merged it with a bunch of bull crap companies that could never make it. The head guy in it cashed out billions, gave you all the middle finger and now he's done with it. And Spacks are now dead. Money grabs. Wall Street don't care about you. I went through a whole list of them that came out at $10. And I'm not going to name names. Oh, here's one that's trading at $0.89.

And then we get the bed bath and beyonds. And for the life of me, how they start up and get going beats the heck out of me. But we coined a line, just don't be the last one in. When they ran bedbath and beyond from 4 to 30 in August, we were yelling at you. It went from 30 back to 1, but they're still trying to squeeze it. And they can just announce bankruptcy any day. if they don't get the secondary done, they're going to be done. They're going to be done.

Yet people are actually dealing with it. Greed. Blind greed. And it's just amazing how after everything, the amount of losses, everything, the bubbles, people can't help themselves. They see it moving. and just so you know one of my screens and a little on the bottom right corner

is one of these rooms that we follow people on just people we don't know they're wetting their pants they're in a lather over hunks of junk and some of these people the same people are probably down 90% in their accounts

dying to make it back yet they're repeating the same thing over again Who said something about insanity is doing the same thing over and over again and getting the same outcome? Okay. Just bring this up, Chipotle. I'm always used to them beating the pants off of earnings. They didn't close at 1722, 1655 in the aftermarket. It was 1620, 1,620, by the way.

It has nothing to do with nothing. I just wanted to mention that. Just the stock I watch. It's a growth restaurant, as they say. though they're not growing as they used to but still believe they're not growing. And you know, think about this.

What do they do? They serve burritos and bowls. That's all they do. Any one of you out there can come up with something that can end up with 2,918 restaurants. That's all they do. Burritos and bowls. Just go visit one.

take a few minutes to look it over as a business. All they do is sell burritos and bowls and guac. That's it. And they've been able, it says here 2,918 in the U.S. and international. Burritos and bowls. That's it. Say that to yourselves. That's all they do.

Why don't I come up with that? I still don't know how I didn't come up with Uber. You know, my wife used to have a delivery messenger service down in South Florida. How did I not come up with Uber? Very good day today. Sets things up for higher prices. Got to break up above range of the last few days. The fact that we were able to rally this strong today is really good.

Dow up 265, S&P 52, NASDAQ, 226, NASDAQ, $100. 263, the Sox 94, transports 125, though advanced declines didn't get better until the end of the day, but still got better. Strong semis, financials I got to look at. I think I told you, J.P. Morgan looks to set up pretty well. And just an improvement throughout the whole day. Early in the day retail was acting terribly, and that finished okay. And oils.

Oil prices up $3.18 today, so better day for the oils, I'll look them over. But just, you know, there's still bearish areas, and we've told you about them. overall just good chart patterns forming and that's all we do we look at a photo album for familiar faces and just remember in all the rallies in the bear market we were able to call the top within a day to two days but we've told you this one's different that we expect pullbacks to be controlled and so far that's exactly what happened and boom had a good day today and again It was power related, but I got news for you. Down 400, up 500, down.

So who the hell knows what the reason is? We don't rationalize. We just care of outcome. An outcome was pretty darn good today. And always, we have no clue what tomorrow brings, but today was pretty good and sets things up for better. Earnings that could be of note. And we got a bunch of earnings today and tomorrow.

the morning but nothing that is like apple amazon google day microsoft today the a i thing microsoft uh crappy reaction to earnings but reversed settled higher with a better market now starting to get a little bit of umph reasoning being we'll see if it continues uh google that today. Chat GPT or whatever it's called. Google's earning stunk. Looks like its stock wants to go higher. One of the top five names. Apple, they're earning stunk. Looks like it wants to go higher. The one name that's really weak is Amazon, but on the rally today it got moving up, but that one's on the weak side. Tesla, the only issue right now is it's hitting the $200 mark, the big number where it's getting a little resistance, a break above there, and that's higher.

We're talking big names here. So we'll see what tomorrow brings. The action's compelling. Very compelling. And if the S&P can now break above, we'll call it 4195, that'll be above last week's high. That's how we look at this. Remember, stair steps. Up next, the state of the union and our continued long-term worries.

is the one they only invest in his 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 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 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 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. You're listening to. What are you waiting for? One, two, ready, go. Investors Edge with Gary Culper. And welcome once again to Investors Edge. Thanks for being with us today. Hey, the State of the Union is tonight.

Now, just so you know, it is pure marketing. The president's going to tell you how great things are. He's going to tell you about the employment business, and that employment's really good. He's going to tell you that he lowered the deficit in half. That's a lie. He's going to tell you that when he came into office, inflation was already going up.

That's a lie. He's going to tell you he's cut spending. That's a lie. He's not going to mention the border. He will not mention education. He will not mention inflation that he was the one, for six months that it was transitory and of course the most important part of the equation he will not mention debt and deficits so let me give you our state of the union i have never been more

optimistic than us most all of us most all of us i have never been more pessimistic on them and their system of corruption, self-dealing, insider trading, lying, and mortgaging our future to where eventually the debt will explode after they're all dead or retired. My state of the union are the facts, not opinion. My state of the union is the eventuality. You see, the good employment right now is coming out of COVID. People are done getting checks. They're going back to work.

They have to. You know where the biggest number was last month? Services, hospitality, of course. These people are getting checks up the wazoo. Of course. This year, the president. from the year before COVID has taken the blob government federal spending from 4.4 trillion to six trillion dollars of that 1.6 trillion increase would you like to guess how much of it is debt

just about all of it because j powell can no longer rig markets down to zero percent in order to fight the inflation he created this coming year, our tax dollars, anywhere from 800 billion to 1 trillion, is going towards interest on the debt. I want you to think about that. What do politicians complain about most? We don't have enough money. We got to take care of the grid. Infrastructure.

The peeps. Really. the state of the union since the year 2000 our federal government spent 80 trillion bucks depending on which abacus you use rusty or not give or take a few trillion in that nice i can say give a take a few trillion yet we have poverty we have homeless how is that possible we need more money for infrastructure how is that possible they could have spent 80 trillion bucks by the way a lot of that was debt why how how As I stated, corruption, self-dealing, insider trading, lobbyists, need I go on? See, my state of the union is facts. They're killing us. The last year of Clinton, our whole federal budget was $1.8 trillion. Six trillion now.

More than triple? What are we getting for our money? That's our money. We're supposed to get a return our investment. What are we getting? Here's what we're getting from this president. If you make too much money, you're a tax cheat. And we're coming after you. Imagine you become successful because you worked your ass off your whole life. Sweat, toil, 16 hour days, failure, success, loans. You name it, you went through it. But now beyond your wildest, imagine, nations you're successful this president you're a tax cheat we're coming after you state of the union of that six trillion three hundred eighty billion is being

handled over to a democratic act named john podesta to dole out for climate huh three hundred and eighty billion do you think anybody's going to account for how many friends and relatives are right now in Delaware, creating green energy companies out of thin air, and with their hands out to John Podesta and buddies, and asking for 10, 15, 20, 30 million, which is a footnote on 380 billion. That's why they'll never get caught.

That's the State of the Union. You think any of that's going to get covered tonight? $380 billion to an invisible shadow, doled out by a democratic hack, to people that have been creating companies out of thin air telling you how they're going to stop the hurricanes and the tornadoes and the wind and the cold and the heat and the fire and the rain, and then getting millions and taking big salaries and nobody's going to ever say, a word. That 380 billion is our money and they're going to get away with it. That's the State of the Union. Pure, unadulterated corruption from the top down, on purpose, on our backs. I've never been more optimistic on most of us. I've never been more pessimistic on them. I've never been more pessimistic on them.

32 trillion says so but the market was up today you have a great evening drive carefully I'll be on with Charles Payne tomorrow 2 p.m. hour Fox business check it out and when you get home make sure you hug your children

thanks of being with us always honored that you would listen to us we mean business we're dead serious about it bye bye all this has been Investors Edge with Gary Coltbaum on BizTalk

To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryKK.com. 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 Capital1.com for details.