Investor's Edge with Gary Kaltbaum - WEEK IN REVIEW [10.11.2024]

Episode Date: October 11, 2024

https://garykaltbaum.com/...

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Starting point is 00:00:00 At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community, because we believe where you get your medicine matters. So visit us at cvs.com or just come by store. We can't wait to meet you. Store hours vary by location. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Coltbaum. And welcome once again to Investors Edge. I'm Gary Colpom,
Starting point is 00:00:48 your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's Friday, October 11, 2014. For starters, for those who celebrate, As you know, I am Jewish. Tomorrow is, well, tonight, tomorrow is the big guy, the big one. Be well, easy, fast, and all that. But first, well, that's first. But second, we have lots to cover, lots to talk about. We'll talk hurricanes, markets, election, whatever else comes to mind.
Starting point is 00:01:30 And if you don't get this show in your city, we'll post it at garyk.com. We'll post it on our Twitter feed, which is now X. And if you don't follow us on X, you should. If you want to email me, just got to be nice. That's all you got to do is be nice because we're nice back. And that's that. And in case you don't know, this is Investors Edge. Serious talk on everything that matters to you.
Starting point is 00:01:49 And we pull no punches. So we just want to start out on back home. We lost power for like a day and a half. Back on. I'm going to make a couple of statements. Number one, I'm a big believer that great leaders show passion, knowledge, and the ability to communicate naturally that passion and that knowledge. in whatever they do for a living.
Starting point is 00:02:33 I think it's as simple as that. And of course, actually not so simple. I have to give applause to the governor of Florida. Ron DeSantis showed passion, unbelievable knowledge of everything having to do with the hurricane and communicated it so well in his, I don't know if they're press conferences, but he was on TV a few times a day going over things.
Starting point is 00:03:08 And the one thing that stuck out for me, he really showed without having to say it. And that's important. He really showed without having to say that his number one thought was the safety of, the citizens. So big applause to him, and that is not a political statement. It is pure what I saw on the ground. And as you know, we pull no punches either way on the so-called leadership out there. I loved the little things. Safety. Don't be walking in water because you don't know
Starting point is 00:03:52 down power lines. Generators. They're not to be in your house. They have to be outside because of carbon monoxide. Driving. Watch out, especially for lots of water. And I can go on and on. And he was just, I felt he was so effective in how he did it. And if I was a governor, I would want to watch back a bunch of how he handled things. Simple as that.
Starting point is 00:04:26 We're not going to touch upon. There was a little tiff. with the vice president. We don't need to touch upon it at this point in time. He put her in her place trying to make things political while people are dying. The hurricane, as best as I know it, there were more deaths from the tornadoes because you can't prepare for tornadoes. You can get the hell out of the way of the hurricanes.
Starting point is 00:04:59 Amazing. As I drove around, at least central Florida, a lot of debris, a lot of branches, a lot of trees, did not see a lot of building damage at all. So we dodged one. And as I said, I was on TV today. I said to Neil Cavuto, just 200 miles before the hurricane hit. It was a cat five, more than gus of 200 miles per hour. If we did not have a cold front and this shear, it's called a shear, holy crap, there's damage on the West Coast, and we'll know a lot more in the days ahead. But holy crap, if that sucker came in as a cat five, I can only imagine. So another hurricane passed. That's all I can tell you. Yay.
Starting point is 00:06:10 I'm always being asked about Florida and hurricanes. The issue is pretty simple as far as Florida goes. Our geographic location just puts a bullseye on us. If you think about it from the panhandle all the way down the west coast, all the way down to the bottom, which is Key West, come around all the way up the east coast, into Georgia and the rest of the eastern seaboard, we're just prone. And these suckers start out in Africa and come all the way across.
Starting point is 00:06:45 This one a little bit different in the Gulf and came to the ralph. We're kind of like sitting ducks. But we're used to, I hate putting it in this way, but we're used to them. And we know how to prepare. And we know how to recover. It's still no fun either way. And that's a little bit on the hurricane for you. Next, I'm going to go a little bit.
Starting point is 00:07:14 Yeah, we can segue now. We'll do the overall market in a little bit because we do have lots that we can talk about. Tesla. So overnight, they held a whatever for their robo taxi and their robo vans and this and that. and I will tell you, I'm on Twitter a lot, and I'm on with X because I get pushed to me from certain outfits, people I want to read. And when I'm on there, all I can tell you heading into last night and Tesla, everybody was bullish on Tesla. Oh, this is going to be big stuff. I said, okay, terrific.
Starting point is 00:08:04 Let's see what happens. Tesla was down $21 today Got hit hard On volume And we can go through reasons why Whatever I'm thinking the main reason is They're talking 2026
Starting point is 00:08:20 And as you know You know what I think of Robotaxis I don't think they're going to Ever proliferate even though I do know There's the Waymo's out there I can tell you I'll never get in one Hell no What was that movie with our
Starting point is 00:08:34 Arnold Schwarzenegger, Total Recall, the Johnny Cab. Ain't happening. Gary not doing it. I get pissed off enough at regular drivers. So Tesla got smoked today. That's why you got to be careful about these things and thinking everything's going to be a-okay. I never ever want to go against Elon Musk. I think he's one of the greatest entrepreneurs of the last bunch of decades.
Starting point is 00:09:03 Oh, Starlink. SpaceX is a killer, man. Wow. And Starlink, he's doing great things. And of course, Tesla and the electric vehicles. I just don't know about this robotaxy thing. And we'll see. I can be wrong.
Starting point is 00:09:18 But I think what happened was 2006. Next thing I want to cover, crypto. Just letting you know micro strategy, which is pretty much a Bitcoin hedge fund these days. That sucker is basically the new high ground. while Bitcoin's not even close, which is kind of weird, but you had a figure Bitcoin would come on. So Bitcoin had a pretty good day, but Bitcoin is just sitting, let's see, March, April, May, June, July, August, September.
Starting point is 00:09:50 We're now in the eighth month of range, and you're not even really in the middle of the range, but I'm just letting you know micro strategy. Just broke out on volume today, broke above the March high, which gives us thought process, well, is the Bitcoin going to do the same? same. Answer is, don't know. We're just reporting to you that micro strategy is doing its thing
Starting point is 00:10:13 and, uh, wow. But I must tell you straight out, it is not for the faint of heart. It is a fast moving pain in the arse. So just up front, but I had to get that out because it's a Bitcoin hedge fund. Next thing, JP Morgan. Wells Fargo and Black Rock reported earnings. If I told you, J.P. Morgan's earnings were down 4%. It was up nine and a half bucks today. Not at the new high, but getting close. Was up, I think, 12 at one time.
Starting point is 00:10:58 Wow, that's a big move for a J.P. Morgan. Up BlackRock, symbol, BLK. Earnings up 5%. was up 35 bucks today, 3.6%. What does the market do if financials are rolling? That's up next. On this, the one only Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge.
Starting point is 00:11:41 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, 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 888422-5-5-9.
Starting point is 00:12:22 That's 888-4-2-2-5-9. That's 888-4-2-2-5-59. Investment Advisory Services offered through call-bomb capital management. Ever feel like your bedroom's running out of space? Here's the good news. You don't have to sell your favorite things to make space. With IKEA bedroom storage solutions, dressers, wardroves, full closet, systems, even storage boxes. You can hold onto it all. Your vintage band teas? Keep them.
Starting point is 00:12:54 Those limited edition sneakers? They stay. And yes, there's room for your childhood teddy bear too. Need to organize a walking closet? The Pax wardrobe lets you customize shelves, rails, and compartments, so every item has a home. Too many clothes and not enough drawers. The Stork Lint has six-door dresser is perfect for denim, sweaters, and everyday essentials. And if the kids are taking over your space, Trofast storage boxes make sorting toys and art supplies easy and clean up fun. From primary suites to playrooms, IKEA has storage options that adapt to your life and help you keep what matters most. Don't sell anything you love.
Starting point is 00:13:30 Store it instead. Shop IKEA Bedroom Storage today at IKEA.us slash bedroom storage. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop.
Starting point is 00:13:58 You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu.edu. At the time, I've learned some things, like the value of the family, the importance of the
Starting point is 00:14:13 job, and that the 99% of the people of more of the people that has the virus that cause the Culebriya.
Starting point is 00:14:20 Although not all the people in risk it will be the eruption don't knowos with ampollas
Starting point is 00:14:25 duros years, making that even the things are all a lot not learn
Starting point is 00:14:31 to learn the Culebrilla to the way the doctor or pharmaceutical
Starting point is 00:14:35 patrocinoed for GSC. 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 Coltbaum. It doesn't get better than this.
Starting point is 00:14:56 And welcome once again to Investors Edge. And Wells Fargo reported a 2% drop in sales. They've had no growth in sales in the last year. earnings were up a whopping 2% stock was up 6%. So just letting you know we're not telling you to buy sell shorter cover the exchange traded fund for the S&P Financial Select sector index the XLF breaks out of range today with volume XLF the KBWB this is the KBW NASDAQ bank index breaks out above range and a pretty good looking range, nice tight range above the highs. Banks. Now next week,
Starting point is 00:15:56 oh, Bank in New York reported also. That's been a strong bank. That did nothing today. I got news for you. Next week is Bank America, Citigroup Goldman Sachs. Even with them reporting next week, Bank America, up 5% today. Breaks above a little range, not the highs. City Group breaks above a little range. Not the highs, though. Goldman Sachs up 12 today, 2.5% in the great-looking range entering earnings next week. So we'll see if they decide to move out also. If they do, that'll be good stuff.
Starting point is 00:16:33 Between Goldman and J.P. Morgan today, $22, they move between the two of them. I take my little calculation. later, which is kind of like an abacus, 22 times 6.78, that's 150 Dow points, just those two names. Oh, wait, add an American Express, which is a financial also. That's another 39 Dow points. And guess what the Dow did today? Up 410, a little less than 1%. S&P up 34 to 5815. The NASDAQ, NASDAQ 100 definitively underperform today, but still some good action in some names. Transports up 339, very nice move in the transports, and I got news for you. They're teasing a big breaker.
Starting point is 00:17:34 The IYT is the ETF for transports, but it's not exactly like the transportation index, but that's getting close also, the transports, and I'll go through them later tonight. Those truckers, rails, the FedEx UPS, which by the way of two very weak stocks, but there are other things going on. And just a good overall market today. Not much I have to complain about. Remember what we said Wednesday on the show? We thank Adam for doing the show yesterday.
Starting point is 00:18:09 On Wednesday we said the S&P is breaking out to the yearly highs. And when you have the major index breaking out to yearly highs, it usually feeds on itself. And guess what we are getting? A major index feeding on itself and had another very good day today. Simple as that. The boo birds should stop booing. until we tell you otherwise.
Starting point is 00:18:40 And do not forget when we go into a bare market, not if we will be ready for it. But this thing, you get excellent reactions, excellent reactions on financials, banks, that had crappy numbers. And as we have said to you, you know, we have these little mantras about markets.
Starting point is 00:19:03 when good news is sold, you're in a bad market. When bad news is bought, you're in a good market. Now, I'm not saying this was bad news, but it was pretty much pedestrian, these numbers. So the financials, and I will tell you next week, you got a bunch more. Next Monday, I take it back Tuesday. Bank America, Schwab, Citigroup, Goldman Sachs, PNC Bank, State Street, That's just Tuesday, Wednesday, Morgan Stanley, Synchrony Financial, U.S. Bank Corp, Discovery Financial. Thursday, Blackstone, Key Corp, M&T Bank, Travelers, Truest.
Starting point is 00:19:49 That's the old SunTrust. Still don't know why they didn't keep the SunTrust name. It's so much nicer than Truist. Comerica and American Express. So it's going to be another big week for the financials. We'll see how that goes. And in the subsequent weeks after that will be all the big machas and technology. The apples, the Googles, the Microsofts, the Amazon's, and all that stuff.
Starting point is 00:20:14 But just a very good day. And I'll tell you, since last November, we've been riding up the S&P pretty much 80, I'm going to say 80% of the move to the upside. We sold twice when we went into correction, rightfully so, because you never know if a correction is going to turn into a due. And when we turn back up, we jumped in. And we're still in it as of right now. And if that changes, we'll let you know. But I can pretty much tell you, if the financials don't gag, it's going to be tough to gag the S&P. Because I'm not seeing a lot of other damage anywhere else.
Starting point is 00:20:54 So that's the financials for the day on their blah numbers. yields back down a little bit today. Terrific. Oil prices back down a little bit today. We own gold and gold up very nicely today. And in fact, gold pulled back right to important support, one of the big moving averages, the 21 day that we followed, and bounced pretty darn well.
Starting point is 00:21:24 And the gold miners on Wednesday, well, yesterday, popped right off the big 50-day moving average. We still think the metal is better than the miners, and we're stunned. Years past, the miners always outperform the medal by miles, and now I hardly even touch them. And until that changes, no thank you very much. Now, the main question we get from the audience,
Starting point is 00:22:02 right now. How's the market going higher? Debt and deficits? War? An unknown election with two polar opposites, we think. Inflation. And may I state for the record, I don't care what Jay Powell tells you. Let me give you a few little tidbits. If I can find that I know I have it somewhere. I'll find it. I got some numbers on inflation for you that I think are import. I got so much paper on my desk. I don't even know where to start.
Starting point is 00:22:47 I'll find in a minute. Consumer, up to their necks in debt. We're hearing that write-offs, or people not being able to pay their monthly nuts, are it's getting troublesome. How's the market going higher? Answer, I don't know. How do I feel about it? Don't care. What do I do? I watch the market. Speaking of the market up next, we'll do more of it. And lots more. I'm Gary. This is the one only investor's edge. Ever feel like your bedroom's running out of space? Here's the good news. You don't have to sell your favorite things to make space.
Starting point is 00:23:49 With IKEA bedroom storage solutions, dressers, wardroves, full closet systems, even storage boxes. You can hold onto it all. Your vintage band teas? Keep them. Those limited edition sneakers? They stay. And yes, there's room for your childhood teddy bear too. Need to organize a walking closet? The Pax wardrobe lets you customize shelves, rails, and compartments, so every item has a home.
Starting point is 00:24:13 Too many clothes and not enough drawers. The Stork Lint has six-door dresser is perfect for denim, sweaters, and every single. and if the kids are taking over your space, Trobefast storage boxes make sorting toys and art supplies easy and clean up fun. From primary suites to playrooms, IKEA has storage options that adapt to your life and help you keep what matters most. Don't sell anything you love, store instead. Shop IKEA Bedroom Storage today at IKEA.us slash bedroom storage. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move
Starting point is 00:24:55 forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU. APU. APUS.edu. At the time, I've learned some things, like the value of the family,
Starting point is 00:25:17 the importance of the job, and that the 99% of the people of the most of the virus that causes the
Starting point is 00:25:24 Culebriya. Although not all the people in risk, I do you see the eruption
Starting point is 00:25:30 dolorosa with ampollas duros and so that even the things are all
Starting point is 00:25:35 a lot so you don't learn about the this the
Starting point is 00:25:38 doctor or pharmaceutical, patrocinoed for GSC. 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.
Starting point is 00:25:57 With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. Welcome once again to Investors Edge. A stock that I have been stalking for weeks and weeks is Uber. and they gapped it up today. I still do not own it. They gapped it up today because when Tesla announced,
Starting point is 00:26:30 oh, they're a couple of years away from the robotaxies, I guess a relief, and they just popped Uber today on 250% increase in volume and broke it out above February and March's high. That has to be owned by me. But I held back because they gapped it up and finish pretty well. If they pull that back towards 83, 84, you'll know it, I'll be in it.
Starting point is 00:26:59 I got to mention Uber, so cause and effect there. I was mentioning inflation. In the last month, while they are telling us, inflation's down. Last month. Up 30% sunflower oil, natural gas, 25%. This is a day and a half old. Propane 25%, iron ore 23%, sugar 20%, beef, 19% rubber 16% steel 15% oats 14% palm oil 13% zinc 13% something called naphtha 12% that has something to do with oil nickel 12% tin 10% aluminum 9% but don't worry there's no inflation so how can the market be going up because it wants to and as you know we are interpreters of the market and that's it and if the market's too expensive
Starting point is 00:28:03 and it wants to come down, eventually it'll show it to us. You know how it shows it to us? Well, it wouldn't be financials breaking out to new highs. How's that? They would be gapping down a few percent. That's how bare markets work. I've been mentioning often, there's no big recession. How do we know there's no big recession?
Starting point is 00:28:30 Well, Caterpillar wouldn't be near highs. United Rentals wouldn't be near high. W.W. Granger and I saw no news today and maybe this has to do with the hurricane was up 60 bucks today to 1,085 on a hundred percent increase in volume. You know what they do? Lighting and plumbing. Recession my arse. Do you know how we know when we'll be in a big recession? These stocks would be crumbling. Do you know how we know this? We've studied every market before recessions occurred.
Starting point is 00:29:12 And markets will move before the recessions already announced. That's how it works. And yeah, I know there's some pockets of weakness out there. It may be your industry. But overall, it just ain't happening. And then you combine that with the moron at the Fed, easing monetary policy. before an election. When the market's
Starting point is 00:29:44 it highs and the economy is okay? There's nothing political there. Not at all. I have to bring up bull crap. A little segue here. I watched a bunch of
Starting point is 00:30:02 climate nuts on TV. They never stop. No one ever asked them. You keep saying it's climate change and we've got to do something about it. What do you want to do about it? Nobody's ever asked them that. And I heard one of them say, got to do something about these hurricanes. They're worse than ever. And I'm thinking, why isn't anybody asking, what, you think you can stop a hurricane? Nobody ever asked those simple
Starting point is 00:30:35 questions. But I want to let you know in case you come upon these bull crap artists, and they are. They're insane. Remember, there is a cottage industry out there of creating a crisis and coming after the wallets. I've got the info. There have been a total 2800 hurricanes that have had landfall in Florida since like the beginning of the time. Three of the top five were before 1940. 17 of the biggest ones occurred more than 60 years ago. higher intensity
Starting point is 00:31:22 but they go in front of the TV and say they're worse than ever and they don't get cold on it we just want you to remember people like Al Gore or con artist I would say it to his face
Starting point is 00:31:43 he's worth like a couple a hundred million bucks a lot of it off this stuff he made movies telling us in 10 years we're doomed 17 years later, are we doomed? No, we're having hurricanes because they're normal.
Starting point is 00:32:03 It happens. And there's nothing to stop them. What? John Kerry. You know how many times he said five years from now, the ice is going to be gone? Yet he flies private jets. One flight of his private jets is like ten. years, probably 20 years are you driving your car? And he just shoots the middle finger back at you.
Starting point is 00:32:32 Well, I've got to do it because I'm working for you. Up yours, pal. So I just want you to remember this. They took 350 billion of our tax dollars this administration handed to a lifelong Democrat hack named John Podesta to dole out for climate. And we have not accounting of one free We just need you to remember this. Because when we're bankrupt and all hell breaks loose, you'll remember who are some of the culprits. Do you know Janet Yellen? Our Treasury Secretary that's supposed to care about your dollars has been proposing worldwide taxes to fight climate. Yes, let's pay other countries. they're psychopaths
Starting point is 00:33:32 they're control freaks we want you to remember this they're out in droves the last two days and I'm laughing my arse off at these people and they do it with a straight face by the way they have all the information I'm telling you here about hurricanes and the intensity I remember ages ago there was Hurricane Camille
Starting point is 00:33:57 it was a disaster Andrew! That was a nightmare. Ages ago, we go back ages. They're not any bigger or any smaller than they were 200 years ago, but they'll swear on a stack of Bibles. And then while you're not looking, their hand is in your back pocket, taking your wallet, they don't give a crap about you. And we want you to remember that.
Starting point is 00:34:35 these people are the enemy they want taxes rules regulations fees fines mandates control do you know how many times they've tried to get rid of your car to buy into electric vehicles you have to
Starting point is 00:34:58 while they get on their private jets I want you to think about that and we hate having to bring this up but it really matters longer term maybe not yesterday but longer term their squad us. We're headed to $60 trillion of debt, maybe $70 in the next 10 years. God only knows. And it's all on their backs. Not ours. We keep sending them more and more money every year.
Starting point is 00:35:29 And every time we send them a dollar, they spend a buck 50. So we want you to remember this. And these are not political statements. We think they all suck. one's worse than the other. So I just wanted to bring this up because we bring you the facts. And if you don't believe us, that's fine and dandy. Go look them up for yourself. Oh, and by the way, the waters in the Atlantic have been cooling and the ice sheets have been growing leaps and bounds. Really?
Starting point is 00:36:15 Up next. This, that, and the other thing, or whatever else. This is the one only investors' edge. Ever feel like your bedroom's running out of space? Here's the good news. You don't have to sell your favorite things to make space. With IKEA bedroom storage solutions, dressers, wardroves, full closet systems, even storage boxes. You can hold onto it all.
Starting point is 00:37:03 Your vintage band teas? Keep them. Those limited edition sneakers? They stay. And yes, there's room for your childhood teddy bear too. Need to organize a walking closet? The Pax wardrobe lets you customize shelves, rails, and compartments. so every item has a home.
Starting point is 00:37:19 Too many clothes and not enough drawers. The Stork Lint has six-door dresser is perfect for denim, sweaters, and everyday essentials. And if the kids are taking over your space, Trofast storage boxes make sorting toys and art supplies easy and clean up fun. From primary suites to playrooms, IKEA has storage options that adapt to your life and help you keep what matters most. Don't sell anything you love. Store it instead.
Starting point is 00:37:43 Shop IKEA Bedroom Storage today at IKEA.us slash Bedroom. Storage. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey.
Starting point is 00:38:13 Learn more at appu.apus.edu. At the 50, I've learned some things, like the value of the family, the importance of
Starting point is 00:38:24 the job, and that the 99% of the people of the people who cause the Culebriya. Although not
Starting point is 00:38:31 all the people in risk, it's a risk of the show show us during the
Starting point is 00:38:37 after the times, making that even the things are all the problem about the
Starting point is 00:38:42 Culebrilla to the way to the doctor or pharmaceutical, patrocinated for GSC.
Starting point is 00:38:48 You're listening to What are we waiting for? Well, what are you waiting for? One, two, ready, go. Investors Edge with Gary Culper. And welcome once again to Investor's Edge. So, I was one of the few that said that Trump was going to beat Hillary Clinton. I was one of the few that said if Trump keeps it up, he's going to lose to Biden.
Starting point is 00:39:34 though I did not have a very good feel going into that election. Very tough to tell. And of course, you had the COVID. I'm just letting you all know, and we think we have a very good feel here. You know why. We don't have a bias. And we don't care about polls. We just have a good feel for things.
Starting point is 00:39:59 We are letting you know as of this second, we think Trump's going to sweep all the important states. or get very close to sweeping them, and he will be the next president of the United States. Now, of course, we have almost a month left, and that could definitely change. And it's always about turnout, but I'll tell you what I am seeing.
Starting point is 00:40:33 Regardless of the media lying to you, the energy for Kamala Harris is not there. And when I mean that, oh yeah, you know, there's people. but in order to win these elections you really need energy. I don't think it's there. I think the energy is with Trump. And I'm not just talking about how many people show up. I just have a good feel for these things.
Starting point is 00:41:03 That's number one. Number two, she's a terrible candidate. She's a terrible candidate. and the reason why she's a terror. And remember, while we say this, you know, I am no Trump fan. You know how I feel about him. I pull no punches. But I'm a big believer.
Starting point is 00:41:32 Do you know when you, if you lie, you forget about your lie, and then you've got to cover up your lie, and then if you found out about your lie, you get the reputation of lying, they've created a whole new person in Kamala Harris. Kamala Harris. Very tough to say that name. Of course they say you're racist if you say it wrong.
Starting point is 00:42:05 They've created a whole new person. And more importantly, they've created a whole new belief system of this person for an election. While she says her values haven't changed. And I ask,
Starting point is 00:42:23 the question, your values haven't changed, but every one of your stances have changed and move towards the middle. So which is it? Are you lying or not? And I really believe her belief system, her real belief system comes out. When she's doing all these interviews, she doesn't answer a freaking question. And the reason why she doesn't answer specifically the freaking questions is because if she did, you know when you can look in a person straight in the face and tell their line? That's why. You can't tell me that you were defunding police and now you're not. You can't tell me you wanted a, she's on video. She wants to confiscate guns. Now she doesn't and all of a sudden I own a Glock and I go to shooting galleries.
Starting point is 00:43:30 You can't tell us you're for closed borders when for three and a half years you opened them with your laws and your regs. But now you're running ads with a wall. But you're saying your values haven't changed. I think all of this BS is coming out. and it's in every one of her videos and her interviews. There's nothing there in her interviews. I actually bored the hell out of myself by listening to a bunch of it. The Stern interview, the CBS, the 60.
Starting point is 00:44:15 There's nothing there. It's like asking somebody, so what's two times 10? and they answer it with well it depends what you mean and what you're multiplying are you saying two times 10 sandwiches or two times 10
Starting point is 00:44:41 automobile I don't know what you mean what do you mean what what what there's no answers if you ask me what I am for with immigration I would say simply this. We need to stop the border from being open up.
Starting point is 00:45:03 We are going to put back the rules and regs about staying in Mexico. We're going to arrest if you come over. But we are going to look at the legal immigration and see where the faults are. And maybe we can do better with that because we love immigrants. They're great for this country. there's an answer. Do you notice not one of these freaking interviewers are asking her about
Starting point is 00:45:38 her tax proposals? Hey Kamala, what do you want to do with taxes? Oh, well, we're going to raise long-term capital gains. We're going to have an unrealized tax, capital gains tax. We're going to get rid of the Trump tax cuts. We're going to raise the corporate tax. We're going to have an investment tax higher than... No one's asking.
Starting point is 00:45:59 And that's why she's not doing an interview. with me. And of course, what's my answer? We're going to keep your taxes low. We're not raising the taxes, if anything. We're going to lower them, and we're going to streamline the government. That way we can fund the government and balance the budgets versus run $2 trillion deficits. There's none of that. And we think that is entering the fray now. And we think Trump is pretty damn good ahead right now. We'll let you know if that changes. Hey, you all have a blessed weekend. Is that okay to use the word blessed? I heard some lefty say using the word blessed is bad.
Starting point is 00:46:38 Drive carefully when you get home, do like we do. It's quite simple. Make sure you hug your family. Make sure you hug your children. Happy Yom Kippur. I believe Columbus stays Monday, but that's not a holiday for us. We'll be back. Take care all.
Starting point is 00:46:53 Thanks for joining. Thanks for your well wishes during the storm. Good night all. 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 GaryK.com. Success starts with your drive, and American Public University is here to fuel it.
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