Investor's Edge with Gary Kaltbaum - Was The Market Open Week In Review?

Episode Date: April 21, 2023

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

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Investor's Edge with Gary Kaltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Kaltbaum. And welcome once again to Investors Edge. I'm Gary Kaltbaum, your host. A thanks for being with us today. Glad you hear, ladies and gentlemen, happy that you're listening. It's Friday, April 21st, 2023.

And I want to start off. Well, first off, this is a show on you and everything that affects you in the markets, your money, the economy, jobs, them, and them are getting worse. And that's where I want to start off today. So those who have listened to this show and have followed I for many years, know I have certain mantras, mottoes, thought processes, beliefs. And years ago, I was told that there are certain people that are trying to change the country

into a, towards a more authoritarian, run by a select few country. and I never believed it, never wanted to believe it. And day by day, week by week, month by month, I am believing it more and more and it has everything to do with you, your money, the economy, your kids, the future, and every day I am amazed in plain sight what they, are doing and they've perfected a few things and bear with me they have perfected the wealth gap

blaming the wealthy for the ills of the poor while currying favor with the wealthy for their money to get big bucks from and i can go through a litany of things like the Clinton foundation, which was a big gargantuan influence peddling, and I'd say it to their face, right to their face, collecting all kinds of dollars from big nations, and a ton of the money's not accounted for, made the Clinton's wealthy beyond the beyond. The bet was she was going to become president. they do it through taxes. And when they know they can't get away with higher marginal tax rates, they do it in other ways.

We call it creep. They do it with rules and regulations and fees and fines and mandates and pitting one against the other and giveaways. How many times have you heard the words not paying money? their fair share, which is the biggest most gargantuan lie in the history of time. And every day I am reading something else and something else and something else and something else and something else. That are for me, holy crap moments. Let me read a couple to you today. We've already talked about how they're lowering the bar at schools. You know who the victims of that are, right?

The students. They are telling the students they don't have to work harder. Thus, when those students have to go compete in the real world, they're screwed. And where are they lowering the bar? In the communities with not great scores. The people running the show are in. sane. They have guaranteed these young men and women. Failure. Unless these young men and women figure it out that those that tell them they're working for them are full of crap. The latest.

And I wish I was making this up. It may sound like nothing, but it's everything for starters today. And you know, I can't stand the leadership of the Republicans. But you have a press secretary that comes out and says, and I'm quoting, Republicans want to fill our cities with smog, give asthma to kids, poison children, and allow oil companies to use toxic chemicals that cause severe burns, damage people's eyes, and quite literally melt bones. You know what all this is the name of? Money. That's all over the debt ceiling.

And more debt. and more deficits and more intrusion a new order out of the administration if you have good credit and you have a 740 FICO score

you are now going to pay a 1% fee on your mortgage is if you have bad credit 620 and lower you're going to get a 1.75% discount the rich paying for the poor oh Gary you're heartless no no I'm trying to explain something to you here. What they're telling the poor is stay poor. We gotcha. We're going to lower

the bar for your kids that they can never be successful when they compete out there. We're going to hand you things left and right. Don't worry, everything's a. Okay. And who's going to hand all this out? And where's the money coming from? OPM again. And where's it coming from lifers in Washington, D.C. that have never created a job, not a dime of wealth, no productivity whatsoever. I heard all day today about the wealth. Let me give you some facts. By the way, these are facts.

The 10% of taxpayers earning 200,000 or more, earned 44% of all total income but pay 80% of the federal taxes. The 43% of US income tax filers earning 50,000, or less make up 10% of total income and pay only negative 4.8% of federal income taxes, which means they get refundable credits. They pay no taxes. By the way, fine. What's not fine is these gargantuan lies. Have you ever heard the words from Biden and those peeps? Hard work, sweat toil education mentorship upward mobility success have you ever heard that not freaking once why

because Marxists and socialists hate success so they have to spend their waking hours putting down success or how to castrate success they've done it throughout the years go look at what they've done with Social Security tax and payroll tax and how much used to be taken out of. And now where it is. Go look. Go look at what some of the states are taxing. And you do know these states are losing in the game of the economy. They're losing. But they won't change. They won't do the logical thing. Why? Why? Because they believe people can't move. They're learning. People can. But they don't change. There are people in this country that pay 55% tax. They have to work into the month of July before they make a dime. Up next, what else? It's amazing to watch

in real time. I'm Gary. This is the one of the 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 managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs,

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Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. What else? They did it with Obamacare. What?

They tell us it's a success. Yeah. If a success is, you bring a bunch of people on, lie to them, lie to the rest of the, country that your premium is going to go down but don't worry how do you think you pay for more people getting health insurance and pre-existing condition go away you have to lie to them and it's

all on video jonathan gruber one of the architects for obamacare says we had a lie and you know what he said because we were able to lie because people are stupid go look on video right now so what happens my premiums are up 300 percent since obamacare 300 percent that's all no big deal how's yours paying for somebody else this mortgage stuff paying for somebody else what do you think the forgiving of student loans is somebody paying for somebody else and you know what the con was government takes over student loans and just gives away the store no matter whether you can pay it back or not remember when you go to get a loan there is a

means testing? An auto loan? A car loan, a boat loan, a loan. And what does the lender look at? Your income. Your job status. You. And if you don't qualify, you don't get. What did government do with students? Doesn't matter. Here, take it all. Oh, you want to be a teacher? That's okay. Take out 300 grand. We know you can't pay it back, but don't worry. We got you covered. And now they're trying to forgive a bunch of it. Like nobody pays for it. Student loans. What else am I seeing going on in this world, ladies and gentlemen? That they've done, just so you know. You know where culture comes from? The top.

You know what's going on right now? And I feel bad. You know what the Gen Z are? You know who they are. Do you know, and I'm not a big poll person, but companies do studies. There's been studies by these employment businesses with managers being asked about their workforce. You know what they're saying? That Gen Z is more difficult to work with than any other they've ever had in their history.

And they've had to fire a ton of them because they're too easily offended. Where did the easily offended come from? Do you remember I told you I was walking into a target? I opened the door for this young woman. I'm going to guess 19, 20, she F-bombed me. And I thought she was going to kick my arse because I opened the door for her. Everybody is so upset, victimized by no. nothingness at this point in time, and it's becoming systemic in our system.

And I've never believed it, but there is a movement afoot. They talk about it every day from high. How you're where you are because somebody is screwing you, and they perfected it in Venezuela and destroyed that country. They perfected it there and so many other countries. and they slowly and then quickly took it over, took over businesses. Well, wait a minute, hold on. Government pretty much runs our health care system now, don't they?

Ooh, look at that. Oh, look now. What are they doing with autos? Oh, and energy. What are they trying to do with that? Looking now. They tried floating gas stoves, yet in some, in some cities they're moving forward with gas stoves.

I can't stand Donald Trump. But I get why people flock to Donald Trump, because he's yelling and screaming the message of all this, and people are sick and tired of all this. And I never believed it, but I'm seeing it worse every day. And you know who the victims are? our young ones they have been talked

into don't worry about failing we gotcha and the reason why is because of them they pit one against the other and anything they don't control they blast

they went after Walmart the greatest one of the greatest companies of all time lowered inflation just by themselves with pricing secretaries becoming millionaires because they became managers and owned stock. Wealth beyond the beyond.

They went after Walmart. They go after anything or anybody that doesn't fit into their socialist and Marxist state. They had the IRS with Lois Lerner going after conservative groups. Did you see her indicted? The media dropped off the face of the earth. that and now they're high and all these IRS people god bless them but you what have they been saying to you ladies and gentlemen above 400,000 watch your ass we're coming to get you Joe Biden has basically said if you make that much you're cheating he's calling American

cheaters our president who's cheated with his son in plain sight Everybody knows it is calling average Americans who are two successful cheaters. Why? Marxists and socialists and control freaks cannot control wealth and success. They're not needed. So they prey on the unwealthy. Me, I, others working through the boys and girls clubs of Central Florida, fight in the fight to tell these kids they're great.

they're important and work hard and become great and become community leaders, become CEO, surgeons, doctors, lawyers, teachers, be great, whatever you want to be in life. And what is Joe Biden the rest doing? We'll cut your check. Oh, and he cut child poverty in half because he gave a tax credit. And by the way, this just ain't Joe Biden. There's a bunch of them. Alexander Ocasio-Cortez is pissed off that police got a a raise. People who defend us risking their lives got a raise and she's pissed off. Up next, we'll finish with that. And then the markets. This is the one only investors edge. Allergy season always has a way of sneaking up on you when you least expect it. One minute you're

listening to your favorite podcast. You're locked in hanging on every word when bam, a surprise bonus episode drops. Brought to you by allergies. The itchy, watery eyes hit. non-stop sneezing kicks in, and a runny nose forces you to hit pause. Suddenly, everything is a trigger, the flowers, the breeze. It feels like even the trees are out to get you. Luckily, Kleenex ultrsoft tissues have you covered. They're allergist approved and silky soft to help prevent skin irritation, so you can stay comfortable all season long.

Don't let allergies put your life on pause, especially not when you finally got your cue exactly where you wanted. Be prepared with Kleenex Ultra Soft tissues. Whatever happens next, grab Kleenex. Have them to your cart today. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy.

The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections, like Healthy Choice Simply Steamers grilled chicken and broccoli alfredo. It's a satisfying meal with 28 grams of protein, and nothing. artificial. Healthy choice simply steamers. What having it all tastes like. By the time I hit my 50s, I'd learned a few things, like how family is precious. Work can always wait. And 99% of people over 50 already have the virus that causes shingles. Not everyone at risk will develop it, but I did. The painful, blistering rash disrupted my life for weeks. Don't learn about your shingles risk the hard way. Talk to your doctor or pharmacist today. Sponsored by GSC. We're listening to.

America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. So I see this thing with the mortgages today, and it's not the end-all-be-all. But it was one of those, wait, what? What? What? So let me get this straight. You work your butt off. You're working hard. You got great credit.

You're being penalized? You're now going to be penalized? You don't have good credit. You get rewarded? What freaking topsy-turvy land are we moving into? President Gary Kalpom will incentivize success, incentivize hard work. Praise success.

Praise hard work. Praise productivity. Gary Kaltbaum will disincentivize President Gary Kaltbom. Laziness. You want to be lazy. You want to sit on your butt. You want to do drugs. You want to drink.

You want to commit crimes. You're the people that are going to pay penalties. They are doing. the opposite. And I get it as much as I can't stand Trump. He's just talking the opposite of these people. People

love him in spite of the fact he's a lion's sack of crap. People love him in spite of being just an absolute gargantuan wimp and corrupt. Creating a defense fund to fight an election that he lost, that he said he won, even though everybody knows

at Marlago he knows he lost, collects 200 million, and people still love him? Do you know why? He's saying the opposite of what these people are doing. It's amazing to watch. And I got news for you. He's going to be the next president. I thought DeSantis has a chance. But if I wanted to not even get off the platform running for president, I do exactly what the Santhus is doing right now. He's killed himself. You know why Trump's going to beat Biden? Next year, the economy is going to be toast. And people will vote with their wallets.

So we're going to get him again for four years. Meaning for four years, I'm going to have to verify it. Well, I'm doing it now anyhow. Every single word said, my ratings will go up. I can't believe what these control freaks are trying to do. They must hate that we have 50 states. they must abhor that we have 50 states because if able

people, business and capital, are just going to run away from these maniacs. And I highlight this stuff every day and those who listen to the show in Portland and L.A. and San Francisco and New York City and areas of Chicago is insane. And where I live, nothing's perfect. but there's a thought process

you ain't getting away with that crap so it just hit my button today this small little thing just back to adding up everything that they are doing and now the latest a 6.8 trillion dollar budget up 50 some odd percent from the last year before

COVID it should be a crime and there's going to be about 1.8 to 2 trillion deficit with that 6.8 from a president who's telling everybody, oh, he lowered the deficit better than anybody else. Which, another gargantuan lie. Thank goodness the Republicans got the house. Oh, and they're finding out all kinds of crap.

Are you reading? Go read. Go read what, when somebody has the house and they investigate what they can uncover. And you know how you know it's bad? media ain't reporting on it even though it's headline news go look it up remember socialists and marxists are only socialists and marxists with your money in your life they are greedy mfers with their money in their life just remember that that is the number one rule of them and i give them no quarter anyway by the way please read up on all the

these things. For those that love, success, upward mobility, wealth, philanthropy, doing good, teaching your children, mentorship. You may want to read about all this because, you know, in professional wrestling, there's a guy named Seth Rollins. His finishing move is the stump. A guy sitting on the ground doggy style And he comes and just stomps your head right down into the ground That's what they're doing And they do it in so many quiet different ways The education system

Is effed You know that right And the shame of it is They're great teachers out there They're getting hamstrung Hamstrung. Have you seen the numbers in some of these cities on kids' ability to do math and read? I don't want to think this, but I almost think

they're happy about that. I would have never believed any of this years ago. But they're proven it day after day after day after day. And here we go again. I'm going to keep reporting on it. You know why? Oh, you know what's going to happen. You know what's going to happen. Today's market wrap that hardly moved is brought to you by Investment-Dashmodels.com.

That's Jim Rohrabach, 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-dashmodels.com. I was hoping the Dow would finish at zero. In the last like 30 seconds, they rallied up 22 points. NASDAQ up 12, NASDAQ 100, up 14.

advanced declines again negative 1721 1922 new york nazdak ready for this on the nasdaq triple new yearly lows than new yearly highs and i can promise you it's worse than that because when i go look at new yearly highs there'll be a bunch of non-operating companies but the jello was moving on the plate today what do we mean by that commodity stocks look like they're headed for the basement here and that includes the oils remember the oils gapped up on the opeck or they're going right back down financials Not thrilled with what I'm saying. What do I mean by that? Well, some of them have rallied up or for earnings. They're going right back down. Bad day for financials today. Don't want to see that. Gold, full pullback mode now.

I've been asked about it 100 times in the last week. I've been saying, wait for pullbacks. Oh, you're there. I got to mention BlackRock. Big insider selling. And I must tell you, another part of the equation that I am watching for that I think is probably going to be important going forward. You know, companies like Black Rock and, well, that's my music.

Up next, I'll explain. And whatever else, I'm Gary. This is the one only investor's edge. Energy season always has a way of sneaking up on you when you least expect it. One minute you're listening to your favorite podcast. You're locked in, hanging on. every word when BAM! A surprise bonus episode drops. Brought to you by allergies.

The itchy, watery eyes hit non-stop sneezing kicks in, and a runny nose forces you to hit paws. Suddenly, everything is a trigger, the flowers, the breeze. It feels like even the trees are out to get you. Luckily, Kleenex ultrsoft tissues have you covered. They're allergist approved and silky soft to help prevent skin irritation, so you can stay comfortable all season long. Don't let allergies put your life on pause, especially not when you finally got your cue exactly where you wanted.

Be prepared with Kleenex ultra-soft tissues. For whatever happens next, grab Kleenex. Add them to your cart today. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy. The tray-and-tray steam technology delivers crisp veggies and tender proteins. and tasty selections, like Healthy Choice Simply Steamers grilled chicken and broccoli Alfredo.

It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy Choice Simply Steamers. What having it all tastes like. By the time I hit my 50s, I'd learned a few things. Like how family is precious. Work can always wait.

And 99% of people over 50 already have the virus that causes shingles, Not everyone at risk will develop it, but I did. The painful, blistering rash disrupted my life for weeks. Don't learn about your shingles risk the hard way. Talk to your doctor or pharmacist today. Sponsored by GSK. You're listening to.

What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! Investors Edge. With Gary Culper. And welcome once again to Investors. Mr. Zedge. By the way, I didn't even mention the migrant crisis. Do you remember when Trump was president and they had the thing where they separated families? CNN and MSDNC covered at 24-7, ripping them to shreds. He was Hitler. He was Pol Pot. He was Mussolini. He was Stalin. All rolled into one over that. You only people are dying trying to come across the border now? You think it's

being reported. The media is the problem also. By the way, that's another part of the equation. Chaos at the border. And it's chaos. What's Joe Biden doing about it? Nothing. And you know what? I hate saying this. I think he's cool. He's cool. You know how you got to believe that? He's the freaking president of the United States. If he wanted to do something, he can do it in a second. He's got the whole Republican Party yelling and screaming to do something. And he don't do squat. doesn't do a thing, doesn't even talk about it. Remember the vice president? I don't even know her name anymore.

I don't even see her anymore. She was the czar of the border. And I dunked a basketball yesterday. Over LeBron James. By the way, that's just another part of the equation. So I was mentioned before BlackRock, just so you know. Blackstone, BlackRock, all these private equity deals over the last few years. Well, what's happened to the IPO market?

What have we told you here about the IPO market? Well, I'm going to go to my IPO screen as I speak. It's a little screen I have of three, four hundred IPOs. Let me read to you the prices. You ready? $1.69, $1.15, $0.22, 77, $0.43, $0.80, $1.4. $1.17, $1.30. 377, $3.93, $3.43, $0.45, a $1.83, $1.74, $170, $170.

I can go on. All these IPOs came out at $10, $20, $30, $50. A bunch of them trading at a buck. Do you know why? Because they screwed you. They came out at ridiculous valuations on speculative type crap. They did it with the SPACs also. You know where the SPACs are trading.

I got a bunch of trading of 10 cents. And a bunch of them are gone. So what do you think the prices are of all the deals that are out there that never got public that were bought and lent to at those same inflated prices? So we're just trying to put the underlying pieces of the puzzle together.

ladies and gentlemen because you know we've had some dislocations already and I think they're trying to tell us hey everything's better yeah yeah yeah yeah okay terrific if everything is a okay you catch in my drift and I don't like being the voice of doom but you know me I am definitively the voice of reality here we don't mess around and I am even stunned and The reason I keep this IPO sheet even with. By the way, I have one name that's successful right now. Simple O-N-O-N-Kin public at 24. It's 33.

It's on holdings. It's Swiss-based retail stores, and it's acting really well, and it's on my watch list. That's one. That's one. So just letting you know we're going to stay on watch for you. We're going to let you know what's leading. We'll let you know what's lagging. Tell you the leadership and tell you we're not to.

telling you to buy, sell, shorter cover, do your own homework. I found the second one, XPOF, $12 deal, now $32. Exponential fitness. Recreational centers, franchise studios, and other boutique fitness space. I got two. And then you got the dollar, the 80 cents, the 70 cents, the 60 cents, the 50 cents, the 40s, the 40s. And a lot of them, boy, were they touted. Boy, oh boy.

Remember Honest Company? HNST, that's Jessica Alba. IPO, $16.79 now. So we'll stay on top of it. And sorry to harsh your buzz going into the weekend, but man, sometimes my button gets hit. Another case of the people on high kicking success in the grapefruits

and rewarding the ones that haven't with the successful's dollars, the redistribution, instead of talking to the people that not doing us some well and incentivizing them and cheering them on,

I will send you a check. Please vote for us. And you know why they do it? Because a certain segment of society, it works. People that get used to being lazy, stay lazy. that's how it goes we hand out a trillion dollars a year from so many different departments

to not work imagine if we gave out rewards to work their ass backwards and it's getting worse and I'm of the belief Biden only has a year and change left now who knows what they're going to try and do just remember even though it's a Republican House Dude is good with executive orders. We'll keep on watch. Anyway, about as split as split tape can be, I'm finding a bunch of stocks breaking down, but a bunch of things holding up.

The next two weeks, massive amounts of earnings to come, will be on it. Just next week, a bunch of down names, but you also have Google, GE, Boeing, Visa, Microsoft, eBay, Facebook, I can go on and on, so be ready, we'll be. You'll have a great weekend. Drive carefully. Again, hope I didn't harsh you budge too much.

And when you get home, do like we do, it's 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 all. We're really on your side.

Peace out. Bye-bye. 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. By the time I hit my 50s, I'd learned a few things, like how family is precious. Work can always wait. And 99% of people over 50 already have the virus that causes shingles.

Not everyone at risk will develop it, but I did. The painful, blistering rash disrupted my life for weeks. Don't learn about your shingles risk the hard way. Talk to your doctor or pharmacist today. Sponsored by GSK. 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.

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