Investor's Edge with Gary Kaltbaum - vertigo market [10.15.2025]

Episode Date: October 15, 2025

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Starting point is 00:00:26 That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. 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. A thanks for being with us today.
Starting point is 00:00:47 Glad you here, ladies and gentlemen. Happy that you are listening. It is the 15th. It's Wednesday. It's October. It's 2025. Hope you're having a good day. As always,
Starting point is 00:01:00 as always serious talk on everything that affects you we'll do the markets the economy your job your industry what i heard in the fox news interview of the next mayor of new york city a communist and i mean that it's not a pejorative it's what he is regardless that he says he's a democratic socialist. Why do we bring that up? Oh, it's New York City. And then today's, I don't know how to describe it. Wild swinging markets today. We'll talk about the outcome and what we see next as we are in the midst of earnings season now. And we'll cover it all as we move through earnings over the next few weeks. And of course, if you do not get this radio show in your city, we'll post it at GaryK.com. We'll also post it on our X feed. If you don't follow us, and X, you should.
Starting point is 00:02:09 We'll put it on the YouTube channel of Biz TV and other podcast apps. If you'd like to email me, all you've got to do is be nice. And we'll stop right there on the introductions. I want to start out, do you know how I always say to you what I love. Love is that we continue to have fantastic medical breakthroughs, technological advancements. For me, one of the most amazing advancements that we have had, and I think pretty much a couple of times, excuse me, I should have a dump button, a couple of times, that's a good one. couple of times a week, I know that's unprofessional. DNA, a couple of times a week, we are reading how they are solving cases going back 20, 30, 40 years, identifying people
Starting point is 00:03:24 who passed away and end up being John Doe and Jane Doe. Now families are finding out what happened to the missing. and then of course there is the criminals I read to you and again I think these stories are amazing headline breakthrough in Long Highland
Starting point is 00:03:49 Cold Case as cops arrest alleged killer of a 16 year old girl after 40 years and they got the guy because they got his DNA and what they did, I don't know exactly how they go about it, but they go through these motions to where they can isolate families or whatever, and then they isolate people.
Starting point is 00:04:21 And what they did, let me see if I could find where they wrote, how they caught this guy. Oh, he went to a, he had a slushy or a slurpy, and he threw it out Oh, excuse me. He went to tropical smoothie near his Suffolk County home and threw the cup into the trash
Starting point is 00:04:45 where the cops who were following and retrieved it. And the DNA on the straw matched. And I guess it's one in several bazillion, bazillion, you know it's that person.
Starting point is 00:05:06 And the family and some had passed, of course, because it's 40 years later, but the family that's left finally got some closure, what happened to this young girl who was murdered and raped just walking home from a bowling alley where she was working. I think these stories are amazing. And every day I make it a point of reading about medical breakthroughs. My wonderful uncle, I think about 20, 25 years ago, died of multiple myeloma.
Starting point is 00:05:47 Once he was diagnosed with it, I think he was a year. Now you get, if you get multiple myeloma, there's people that are living 10, 15 years. I remember AIDS. It was a death sentence. and then Magic Johnson announces it and whatever he's, I guess they did this cocktail of, they called it a cocktail of different things. He's lived this whole life and will.
Starting point is 00:06:22 These are amazing breakthroughs that I'm always amazed when these politicians piss all over drug companies. The drug companies mean, Meanwhile, look what's happened. And I'm reading every day of people who get cancer that 20 years ago, forget about it. Now, long lives. And I gather it only gets better going forward.
Starting point is 00:06:57 It's not going to be good for the social security business. But man, oh man. I just wanted to bring this up because I always. preach it about the greatness of us going forward if they just leave us the hell alone and just this is another story and by the way again I'm pretty sure I see two or three of these every like week anyway just wanted to start with that I don't know how to explain markets sometimes and what I have to do every now and then is I have to go to the intraday, like the NASDAQ today, opened up at 22-471.
Starting point is 00:07:50 Is that okay with you? And then went to 22-841. And that was from yesterday's close of 22-5-21, so we're up 320 points. in the 10, 11 o'clock hour, by 115, we gave back 400 NASDAQ points. And by the way, in case you don't know, that's really a little bit less than 2%. It doesn't sound like much, but it is. It's a bunch. But amazingly, at 120, 224427 bottom, By 3 o'clock, it's 227.
Starting point is 00:08:45 We rally back up 270 points to be up 178. By the way, we were down on the day at that point. And then I have to mention, I have to go to the minute chart because at around 332, we dropped like 70 NASDAQ points in five minutes. And in the last two minutes, we rallied up 60 points. And I keep it. Oh, it's computers and it's out. Whatever it is, I'm just letting you know.
Starting point is 00:09:23 But when all is set and done, we care about uptrends and downtrends, and downtrends, bull markets and bear markets. Don't do what we did. We sold our gold on Thursday with great gains. It's up another 4% since we sold. and just amazing to watch. And that's the story. The main thrust is since the April 24th Confirmation Day, the big indices, the big indices,
Starting point is 00:10:02 the NASDAQ, NASDAQ 100, and the S&P. I don't count the Dow even though it's a big indacy. But we can throw the Dow in there also. And it is pretty much amazing. That was the confirmation day. A couple of weeks later, you got back above the 50-day moving average, and not one day have you broke below it. And in fact, last Friday you went down to it and gap right back up this Monday.
Starting point is 00:10:40 Yesterday, we went right down to it and reversed. and then today we got what we got today and we'll get into it in a minute. It is, I don't want to use the term, the word amazing. Let's use the word quite, two words, quite unusual. Up next, outcome, the markets. 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.
Starting point is 00:11:40 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, will carefully evaluate your personal goals to determine a proper investment strategy.
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Starting point is 00:13:00 That's Tommyjohn.com code comfort. Tommy John, comfort perfected. 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.
Starting point is 00:13:28 The Capital One Venture X card. What's in your first? 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.
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Starting point is 00:14:33 Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. So the Dow finished down today, 17. Which is not a big deal.
Starting point is 00:15:06 Except at one time today, and you know what, I didn't realize this. But now I realize it. It hit 46-693. It was up 423 points at one time today if my rusty abacus is working. So to finish down, after being up 400 and something, normally I would be saying to you, that's not good. A reversal like that is not good. But I'm not going to say that because recently we've had that and we would just gap up the next day. Let's just say we would rather be down early and up late, but what can I tell you?
Starting point is 00:15:57 In the Dow today, as I am looking, being down 17, not a lot of movement on an individual basis, but obviously on the day, it was quite. But the S&P was up 26 and the reason is technology. these semiconductors were up 196 points today that's a big move 3% and of course did that also in fact and again at around 11 in change it hits 6780 the semiconductors that means it was up 210 points a couple hours later it hits 6633 what dropped 14550 points and rallied back to be up 196 on the day and what was the story and this is the interesting part of the equation asml so in case you don't know this is a dutch manufacturer circuits a semiconductor equipment That was up on the open today. 60, right around the open. And only finished up 26, but yet nothing else really sold off.
Starting point is 00:17:37 And here's another interesting point. It was a major deceleration of earnings in sales for ASML. From previous quarters, they missed the revenue number, and they hardly beat. Yet it gapped up 60 bucks. And on top of that, you had things like KLAC today. An equipment maker, up 61 bucks. And by the way, that went from 1155, down to 970 in three days, back to 1087 in three days. Have fun with that.
Starting point is 00:18:22 And other semiconductors were strong. AMD got this target raise and upgrade today. Remember they had this announcement recently with the AI crap. Up 9% today. Strong as an ox. As well as some other semis. And for the record, market ain't getting trashed if the semis are in good stead. So very good day in semiconductor land today. We'll see what tomorrow brings as we head into earnings. The banks somewhat mixed. How do I put this? Goldman Sachs today. It was up like 14 bucks, finished down two.
Starting point is 00:19:10 Yesterday it had a bad day on earnings, though off the lows. So a little pressure there. J.P. Morgan was up eight or nine today, finished up four, and had some pressure. So I think maybe some of these banks are going to sit a bit, except Morgan Stanley. was up seven on earnings, but was up 11, so maybe we're going to have some sitting on the banks, but they're not breaking down. Not even close. Which takes me to the second part.
Starting point is 00:19:40 If the banks ain't breaking down and the semiconductors ain't breaking down, you may have some bare market areas, but the big indices are probably going to be steady, if not higher. So just wanted to start with that market-wise. It was just a very wippy day. The one consistent recently is gold. The fact I sold GLD at, what would I sell it at? It's 360, maybe 370.
Starting point is 00:20:17 It's 387, four days later. And I really thought it was done, and it's been gaping up every day. But I do want to say I think it's getting close. Do you know why I think it's getting close to finally pulling back? I got asked by local Fox today to talk about gold today. And also the national media. I was watching the Today Show this morning. They were talking about gold and the bull market in gold.
Starting point is 00:20:54 Once the national main media starts talking about something, it's late, at least in the near term. on the other end of the spectrum, progressive insurance, new yearly low, because of that all state, down nine bucks today. What area have we been telling you to avoid? Oh, that's right, we've been telling you to avoid insurance. Not because the insurance industry's in the crapper. It's just the stocks are in bearish mode right now. not big bear but bearish mode just letting you know and of course once we get into earnings season we're yapping about it big time and we'll see how the rest earnings come we also have to mention well PNC Bank a big super regional that's not so good that was down 4% 7.5 bucks in a bearish phase and regional banks did not have a good day to day as a
Starting point is 00:22:06 whole if you look at the KRE. So some big banks good. Regional banks, not so good. And I think we've been telling you since the Silicon Valley bank days, avoid the regionals. Why? Not because they're bad. It's just because the big multi-zillion dollar banks are stronger stocks. That's all. and I still think there's a little discount in the regionals because of what happened, but I don't think that's coming back. I do worry about credit and lending right now. Well, there's some factoid's coming out about it, but I don't think I'm seeing anything really untowards at this juncture.
Starting point is 00:23:00 Do not forget massive amount of earnings. The rest of this week, Well, we'll get to that in a minute. Hey, thanks for being here. I'm Gary. This is the one only investors edge. 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. Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw fly is a game changer.
Starting point is 00:23:45 With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. 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 VentureX card. VentureX offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect.
Starting point is 00:24:12 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, and airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change.
Starting point is 00:24:29 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.
Starting point is 00:24:54 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. America is talking Investors Edge He's got to be pleased with that
Starting point is 00:25:30 The crowd is just on his feet here He's a Cinderella boy With Gary Colbomb It comes highly recommended You're gonna feel better if you talk to him Hey For some reason I ended up on Kamala Harris's email
Starting point is 00:25:58 You know They send out emails And my name is Dan So I just got another one From what Dan We're asking you to join thousands of others who have contributed to Kamala Harris by making your first online donation for the Kamala Harris for the people today. Through the tooth out, whatever, the worst vice president and president in the history of the world times a hundred. Unforgivable what they did.
Starting point is 00:26:37 I don't care what they say about Trump. and you know I take on Trump when he does wrong, but nothing can compare for them on purpose to just open up the border and not vet and actually have the grapefruits to tell you that some of them weren't vetted. And people died crossing rivers and behind trucks dying in the heat
Starting point is 00:27:11 and then telling us the border secure and then dropping people off in the middle of the night out of airplanes at 2 a.m. Delivered them into cities which cost cities billions of dollars and missing children. And of course you can only do that with a corrupt media that knew about it and never reported it.
Starting point is 00:27:37 Unforgivable. That's the best thing I can say about them. Yet she's on this tour of all these shows where they're kissing her ass. I cannot believe it. That they're kissing or you know what. I shouldn't say that word. Sorry. She wouldn't last three minutes in an interview with me.
Starting point is 00:28:04 Speaking of that, just a little while ago, I watched an interview with one of the great journalists and anchored. Martha McCallum on Fox News interviewed Zoran Mandami, who's going to be the next mayor of New York City and I wanted a vomit. Do you know why I wanted a vomit? Because he's a really smooth talker and one hell of a great communist liar. I can smell a racist, anti-Semitic, Jew-hating, Israel-hating, anti-Semite miles away. And when she asked direct questions, he ran around them questions. And I know that Ms. McCallum only had a certain amount of time. So follow-ups could not be had at least too much of follow-ups. He wouldn't have last three minutes with me. He said he's apologized to the police officers who he called a bunch of racist. You go look at the videos.
Starting point is 00:29:19 He says all he wants to do is raise taxes on the wealthy by 2%. Of course, he can't raise taxes, though. The mayor doesn't raise taxes. It would be coming from the governor. So when asked, well, if you can't raise taxes, where you're getting the money from, well, guess what he did? Didn't answer the question. And we want you to remember that socialism, Marxism, communism,
Starting point is 00:29:56 communism, whatever word you want to use, it's all about control freakism. You got that? That's all it is. It's a bunch of power-hungry control freaks. And when asked about Hamas executing Palestinians in Gaza now, he talked about Israel and the Israel military. he's a scum communist and by the way as i always say i'd say it to his face good luck new york city because i have news for you don't ask me how don't ask me why i have no freaking clue what any of these voters are thinking oh you know what it is the other candidates kind of suck but how you vote this guy
Starting point is 00:30:50 to run your city when in the past he has called for less police, more social workers, less jails. Really? What do we tell you the number one job? What's the number one job? Protect the citizens. What's the number two job? Protect the citizens. Number three, protect the citizens. You know why we love Trump? He's right now on TV talking about crime. And he said something that I've said. That makes so much sense. that all these people in Portland, they're complaining about him in fighting crime, trying to protect them and their kids and their families from the bad people. Why isn't the governors and the mayors on his side about fighting crime?
Starting point is 00:31:48 Think about that. Instead, they're fighting him and calling him Hitler and not. Nazi and all that stuff. Somebody's got to explain that to me because it don't make sense. That makes sense. You know, here in Florida, and there's some bad judges here too, but they don't screw around here, that you see all kinds of crazy at the colleges here in Florida? Do you see any of that? You see any crazy Antifa actions here? See any of that? And they're allowed to, by the way. Anybody can go out A year and a half ago
Starting point is 00:32:45 I remember a bunch of Nazis was sitting on a highway with the Heil Hitler's but if they got out of line it was their arse and they all know it not at these other places I'm reading every day of judges
Starting point is 00:33:02 no bail or a little bit of bail on violent criminals that go out and commit more violence I don't get it So I applaud the president. Tough on crime. Tough on crime. That's how you stop crime and make criminals think twice.
Starting point is 00:33:27 I don't understand these mayors and governors. And I never will. Do they even care? Oh, that's right. They have secret service and round the clock security. What do they care? That's my take. on the crime.
Starting point is 00:33:51 And we segue back tonight on our webcast to our peeps. We're going to isolate things like advanced microdevices, Celestica, CLS, Sand Disc, Taiwan Semi, some of that construction building stuff for AI and data storage. This is what we're going to be doing tonight. while also what was crapping out today? You know, my favorite, which we don't own yet, my favorite of this energy, whatever stuff,
Starting point is 00:34:32 is this GE-V-V-V-V-V was acting like it wanted to bust out today. It was down 28 bucks. Glad we don't own it yet. And we'll be isolating these areas, and all I can tell you, semiconductors, data storage, contract manufacturing, and we'll see where it goes. What else? Bitcoin's still trading below the 50-day moving average and had another crappy day-to-day
Starting point is 00:35:09 even with the strong NASDAQ, while gold had another strong day-to-day. Interesting. And again, let me state for the record, I am P-Oed at myself for selling the GLD on Thursday. But I look backwards. I change my charts back to Thursday. I would have sold it again. It just so happens. It's kept going.
Starting point is 00:35:36 But we'll see if my other little sentiment indicator of being on local TV, they asked me to be on to talk about gold today, and national mainstream TV talking about gold. We'll see if that's getting you close to at least a pullback. Up next. The froth. This is the one only investor's edge. It's no use putting it off.
Starting point is 00:36:27 The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero shape 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. Go to Tommyjohn.com today for 25% off your first order with code. comfort. That's Tommyjohn.com
Starting point is 00:36:53 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 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.
Starting point is 00:37:19 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.
Starting point is 00:37:59 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. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go.
Starting point is 00:38:25 In the Gester's Edge with Gary Culpa. So, so I feel like we cannot go a day without me just reminding you of some things about ultimate outcomes. Hope you don't mind. So we have this little motto, and it basically has. has to do with froth speculation, no sale stuff in certain themes. And as we've told you, every now and then you get these major themes that people latch onto for whatever reason and they get going. A while back it was the GameStop and the AMC Theater.
Starting point is 00:39:45 I remember Beyond Meat was the big plant theme. By the way, I think beyond me, didn't they? Oh, yeah, it's down to 67 cents. Oh, who warned you about that? Oh, that's right. We did. Besides. And recently, and we freely admit it, we're jealous.
Starting point is 00:40:03 We're so jealous I can't begin to tell you that you've had these unbelievable moves in nuclear, less so in drones and robotaxies, but also an unbelievable move in quantum. and also in blockchain mining has had big moves. Now, not all of them, but a ton of them have no sales. And I can sit here and say to you, look out below, but we don't say that. What we say to you is it just may just keep going. we don't know how long or how far, just don't be the last one in when it does end.
Starting point is 00:40:53 And of course, those three words, if nothing changes, if nothing changes, which simply means when they finally top out and go into a bear market or a bearish market, if they continue to have no sales, they're going to all drop,
Starting point is 00:41:16 70, 80, 90%, sometimes more. That's all. And this comes from precedent, the study of bull and bear markets and these type of stocks. And I can sit here and tell you, I may have mentioned it yesterday, symbol NVA. I don't know if I mentioned it or not.
Starting point is 00:41:39 But supposedly they spoke to the president. And the stock yesterday went from 35, let's call it 35 up to 80 in one day and that's after going from 15 to 30 15 to 35 because somebody was insider trading. No really. Well I can tell you, by the way, it was down 25%
Starting point is 00:42:07 today, which it was. But I can't tell you, won't be right back up tomorrow because theme. The new thing is the rare earth That's the next part. That's the latest. Rare earth. Why?
Starting point is 00:42:21 Because, oh, this thing with China, we need to do it ourselves and all that. Terrific, fine. But these companies have no sales. So we just want to keep mentioning to you. We're not telling you what to do. We're not telling you not to buy your cell or shorter cover. Just if you're getting noise on them and somebody's telling you about them,
Starting point is 00:42:47 first find out where they came from, how far they have come, and check the fundamentals out. Without mentioning names, I found out that one of the no-sales companies has a very small office in a shopping plaza. And the stock just went from 15 to 56. I also found out that the CEO came out and said, oh, we're not going to be able to scale. Oh, for years. You know, what scale means? Sales. But it still has gone from 15 to 56.
Starting point is 00:43:26 And by the way, the CEO said that when the stock was 40. It's still 56. It's still going up, even though he said for years. So we're just telling you, be smart, be careful. Because when the music stops, and I don't think it stopped, even though there was a rough day today. all hell's going to break loose on these things. That's all.
Starting point is 00:43:55 All hell is going to break loose. And if you just go back to the past, you will understand where I get the idea from. If nothing changes. Now, if one of these stocks in quantum or whatever go from no sales to 10 billion in sales, a little different story. But I also wanted to mention for the first, fifth time maybe. There is actually one name in nuclear that just recently went from 14 to it's almost up 100% in four weeks. And by the way, that's not a strong one. But amazingly,
Starting point is 00:44:38 I went back and realized this stock came out trading in the year 2000. And the price back then was $4,000. It's $27 right now and that it's been able to be a public company trading stock for 24, 25 years
Starting point is 00:45:03 with no sales. And people are still buying it up because it's in that theme of nuclear. I who care about fundamentals can't touch it. and won't.
Starting point is 00:45:27 Even though as a technician, nice breakout above $19 and it's gone to $27. But I can't call my clients up and say, I just want to let you know I speculated on this no-sale stock. Why? Because if it decided to gap down 50% tomorrow because they're out of money or something, I'm screwed.
Starting point is 00:45:55 and I would be I would deserve to be screwed so just letting you know on the froth and if anything changes we'll let you know and we'll keep talking about it you all have a great evening you all 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 better I promise stay well be well appreciate your time have a good one everybody good night Investors' 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 GaryKK.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.
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