Investor's Edge with Gary Kaltbaum - Week In Review [12.06.2024]

Episode Date: December 6, 2024

https://garykaltbaum.com/

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 your food. 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 Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum,

your host. A thanks of being with us today. Glad you're here, ladies and gentlemen, happy that you are listening. It is Friday, December 6th, 2004. Hope you're having a good day. As always, plenty to go over, plenty to discuss about everything that affects you. And we're dead serious. Whether it's your job, your industry, the markets, the economy, the election, the election outcome, the future, the debt, the deficits, the scams and shams, and the corruption, you name it, we'll cover it. and next, 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 Twitter feed, which is now X. And if you don't follow us, and actually you should.

And if you like to email us, just be nice. We'll also post everything on the podcast apps and all that fun stuff. We want to start out today with the market. But certain parts of the market. You see, I've just put out a. start of the weekend webcast to the peeps having to do with what ain't and we have been telling you over the last weeks what ain't and we've been telling you what ain't because of the election yes there's a kind of good downside to the election never want to see any stocks go down but the

things that are going down are actually a good thing. And we just want to tell you what they are. Continue to tell you what they are because if you can always avoid the bare markets, the downtrends, the big bear markets, and let me explain for the record, there are plenty of big bear markets still going on. If you can avoid those at all times, you're way ahead of the game. And how do we know this? Because it's the nature of the beast. And all. the time we're getting an account that have a hundred stocks in them and we'll see a stock in there that's down 50%. And I'm thinking myself, boy, if that person who's managing the money just knows how to stay out of that drop of 50%, that's big stuff. And that's why all the time,

even if the market's good, we're telling you what ain't. So without further ado, just letting you know, let's start with the election outcome. The election outcome, you have something called Doji, which means they're going to get rid of a lot of the government spending that is wasteful. And guess what? Defense stocks, bear market, bearish market, nice little downtrend going on, continue to avoid until we say otherwise. And why do you think that's happened? Well, number one, the thought process maybe he can get things done better than Biden as far as what's been going on around the world. But also, there's been all this talk that the Pentagon can't pass any audits and they're missing $800 billion, $1.5 trillion. Who knows? And now the Doji comes in and

they're like, okay, we're going to be on you. So maybe there's going to be a little strangulation of their spending. So we'd avoid those. The manager. care stocks, little cousin stock theory. I've taught you this many, many times in the past, and that is stocks move schools of fish. That's how it works. We're always talking about sectors. This sector's strong, that sector's strong, this sector's weak, that sector's weak. And we have noticed as of recent, we've said to you that the managed care, the HMOs have been very week. They've been blasted. A bunch of them just absolutely destroyed except for United Health in the Dow. And we were wondering, does that have to do with it being in the Dow? We even

stated that to you. You know, the funds that have to buy into the Dow didn't know. But all we do know is the stock's been trashed for like 60 bucks in the last two days playing catch up to the rest. And that stops me with what I call the cause and effect. You never know what the trigger is going to be. So let's take a step back for all of you that may own United Health or a lot of these insurance stocks because there may be a sea change ahead. Notice the words, maybe. We're not sure, but it's something we want to pay attention to. So in case you do not know, there was a murder, the CEO of the insurance division of United Health, a gargantuan company,

was murdered on the street in front of the Hilton Hotel where I stayed a zillion times before I got an apartment in New York City because of the costs for the hotels have been going skyrocketing. He was murdered. And the murderer looks like on the bullets was this little line and basically having to do with denial about United Health denying claims of people that file for insurance claims.

So here's what happens. First, the downside. You have a bunch of schmucks, a bunch of morons, a bunch of ass clowns. And we don't know how many, but if there's one, there's too many, that are happy the man was murdered. He deserved it.

Oh, look what they do as a company. Blah, blah, blah, blah, blah, blah. They're rooting for murder? I gather these are some of those people that are happy with Hamas. Anyway, that's a big downside. I can't believe anybody roots for somebody's murder. The guy's in this 50 years old, has kids.

I think he was separated from his wife. You're rooting for him. somebody's murder? You've got to live with yourself if that's what you think. Anyway, but the other part of the equation, by the way, that's my dog scratching. The other part of the equation is you have people that are not rooting for murder, but they're posting and they're saying, no way to do, are we happy about somebody being murdered? But since everybody's bringing it up and you're getting a lot of people posting how United Health denies a lot of claims from people. And then it comes out.

And we're just telling you what's reported that they are the most, the highest by far, in the denial of claims in health care. And they compared it to some but like a Kaiser Permanente, that I believe is out of California, that's in the single digits denials of claims. Yet United Health is way up there. Way up there. And I gather a lot of this drop has to do with that. I don't know if the word is outed,

but if somebody is denying 40% of claims and then somebody else who's not as big but big is denying only 10% guess what the 40% he gets catch the drift people that start to recognize this and realize this will give the middle finger United Health and find somebody else

and leave them or United Health is going to have to do something better or different and they're going to have to start accepting claims that they haven't in the past and due to the fact the denial of claims have seen their earning skyrocket, well, guess what the stock is doing? It's called the reflection of potential reality going forward.

So the stock has been absolutely trashed, and then I'm noticing today that they're going after other insurance companies that are not in health care but are in home. And in case you don't know, all state just raised home insurance in California, 36% I think it was. In Florida, there's been a lot going on with a lot of insurance companies going by-bye and, you know, the hurricane thing and all that. So that has me asking a question, is it going to flow over to other insurance companies? Don't know, but we'll be watching them.

So that, giving you an idea how we kind of formulate the things that we are seeing on a daily basis, and then some news comes out, things come out, and we just try to put a pen to the paper, 1 plus 1 equals to, and I am 100% sure, my opinion, that this stock's getting hit based on all this out of a tragedy. They haven't caught the guy yet, but they're going to catch them. I mean, the guy's face is plastered and somebody knows who he is and the police aren't talking. That means they know who he is and they are in search of this scumbag. And he either is going to be caught or he's going to kill himself. And that's that. And unfortunately, he's going to be a martyr for some. He's going to be a martyr.

He's being applauded. Good for him. Shot a person who should be shot. I can't even fathom somebody having that in their brains. I can't even fathom it up next. So that's the United Healthcare. What else? I'm Gary.

This is the one and 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, 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 complimentary portfolio review. number to call is 888-422-559. That's 888-4-22-55-9. That's 888-4-2-2-2-5-5-9. Investment Advisory Services offered through call-bomb capital management. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta.

We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines.

Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. My cell phone is a mature technology at this point. How far are we from that point with Kondo? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large,

large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacist to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist, Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache

every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change.

Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. On Deck is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, On Dex loans up to $400,000 make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, On-Dec delivers funding you can count on. Apply in minutes at OnDec.com. Depending on certain loan attributes, your business loan may be issued by On-Dec or Celtic Bank.

On-Dec does not lend in North Dakota all loans and amounts subject to lender approval. 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. Gary called bomb. It doesn't get better than this.

And welcome once again to Investor's Edge. So let's continue along these lines. The gold miners is very weak. And unfortunately for the gold mining ETF, Newmont mining, is pretty much the biggest name and the stock has been trashed. So the gold miner ETF and most of the gold miners

are just basically on the defensive. not all. I see like an AEM holding up much better than a Newmont mining, but as I go through one by one by one, avoid gold miners. Oils. Well, we've been telling you there's been a select group of oils that are way better than most, and that's been some of the refiners and the pipelines. But on the whole, most oil stocks look like crap.

And we measure that by looking at the XLE, the big oil, the XOP, which is the exploration and production, and the OIH, which is services. It's just bearish overall, with some in brutal bear markets, and they got squashed again today on potentially low oil prices. So notice a little, we're going to do a little one plus one gold miners oil prices. Steel, we'd avoid steel, pretty much copper. And if you go look at Freeport MacMaran Copper and Steel FCX, you'll see what we're talking about. Other metals in mining, go look at something like a BHP, Australian company, or a Rio, UK-based, bare markets. I'm noticing the coal stocks getting trashed. now and other metals and mining. So let's put one plus one plus one. Oh, gold miners, oh, oil,

oh, metals mining. What are we dealing with? Commodities. Oh, and then we add in Brazil. Brazil in a big bear market. What is Brazil? A very much commodity-based country. So on the commodity front, pretty much avoid pretty much avoid catch the drift now if oil prices come down

commodity prices come down is that good possibly good for the economy we'll see guess what's strong airlines and cruise lines if oil prices come down their profits go up

oh look at that so just putting the pieces of the puzzle together and we'd avoid the commodities right now. And again, if that changes, guess what we do here? We let you know. Which takes us to transports, man, truckers and rails, UPS and FedEx. They just, some are acting terribly, others are just not acting. And they're pretty much avoids. They're not in up trains. That's the final. and some are in some deep down trends. And some of them that were trying to rally got trash this week.

And we don't ask why. We just care what is. So some of the transports, and the transport's been roughed up here in recent days. In fact, this week, I didn't realize this. The transports are down four and a quarter percent down 745 points as I speak. I'd avoid those. We've told you about the consumer staples, not all. Tobacco is still strong, and I guess they can include that as a staple, but beverages,

Coke, Pepsi, Dr. Pepper, bare markets, bearish phases, downtrends, and a lot of food stocks, bearish, and just avoids. Drugs, that's pretty much under the consumer staples, bearish. Not all, I think there's one or two hanging in there, but bearish. and some of them have been absolutely blasted drug stocks, another under the heading of consumer staples. And if you look at the Dow, go take a look at Johnson and Johnson, a drug stock, blasted, go look at Amgen, big biotech, which, by the way, go look at Amgen, Biogen, Regeneron, bare markets. you catching the drift here and biotech could be affected

by the new administration also and in the Dow the worst stocks are Johnson and Johnson Coke Merck Amgen United Health in the last week

last two days actually so some themes medical a lot of medical a lot of medical in trouble and there are voids. Simple as that.

And the rule, the thought process is, well, there's going to be less spending. I gather the pharmaceutical lobby is going to be hard at work going forward,

but these are areas that are a void. The good news is I can't come up with a lot of others. Now, there's other. but I can't come up with a lot of others at this juncture. How are we going to know if the market gets in trouble? Oh, it's going to be simple. Whatever's working stops working. Whatever's working stops working and starts topping and starts breaking. If you remember 21,

middle the year before the market really got hit in November. I was coming on the show every day. And another one and another and another and another and another. And another and another and another. And ten more. And then November they took them all. It was easy. It was an easy read for us to think we were going into a bare market.

That's the in-depth stuff we do. And the good news is, indices, big index. the C's fine, small and mid, less so, but they're hanging in there. Leadership, software, mega-cap tech again, benefactors of Trump, those areas, crypto, Tesla, and we'll just stay on it. Forgot housing. They just topped out recently. And some pretty bad. One would suggest Lenar is now going through a bearish process, and this is one of the most important names. What would be the reason? Don't care. So housing. And of course, there's a smattering of retail in bad shape, actually a decent smattering, and we'll just avoid them. Up next, what else? The overall. And whatever else. I'm Gary.

This is the one only Investor's Edge. Hello, hello. I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna, and I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side. For example. If anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind. If anybody is not using AI to make their developers who write software 30% more productive today

with the goal of being 70% more productive. Yeah, wow. So we are not asking our clients to be the first experiment on it. We say, you can leverage what we did. We're happy to bring out all our learnings, including what needs to change in the process because the biggest change is not technology, is getting people to accept.

that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask

at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist, Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal.

A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive.

We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can do. change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts.

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Apply today at on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by On Deck or Celtic Bank. On Deck does not lend in North Dakota, all loans an amount subject to lender approval. 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 Carl. So, highly recommended. You're going to feel better if you talk to it. So, would you like to know indices? The Dow finished down 123 today.

But United Health in the Dow, which, by the way, is the most important name in the Dow because of price. Well, you know what? I'm sorry. Goldman Sachs is now higher than United Health as far as price, and it's price weighted. Every dollar move in a Dow stock is like six and a half Dow points. So if you're a $30 stock, you can drop to zero. 30 times 6 is 1.8, that would be 195 points. That's it.

But if a $300 stock dropped to zero, that's 1,950 Dow points. Anyway, United Health today, I'm going to give an approximate three times 6, 18, was about 190 Dow points. But the Dow was only down 123. Okay. NASDAQ up 159. NASDAQ 100 up 197. Tesla up 20. Netflix up 15.

Amazon up 6. Broadcom up 9. And actually a semiconductor actually setting up in Broadcom. Interesting enough while Broadcom was going up and video was down three bucks. Oracle up 5. Reddit up 10. Meta up 14. The story there is, I think some judge or appeals court came in and said the TikTok ban is still as it is.

And in case you don't know, they're saying that unless bite dance, the Chinese owner of TikTok sells, it's going to be banned here. But Trump has said, no, no, no, we don't want a ban. So we'll see how that plays out. Other story today, the Bitcoin lit up again. Bad reversal to the downside yesterday, midday-to-day jumped up. The Bitcoin. I have no comment on it. I don't even know what to tell you.

I still don't know what it is. But they're out there calling for $13,000, $49 million, $24 million, this million, that million. I hope they're right. No, really, I hope they're right. Don't be the last one in. So as we start to show a little bit of what ain't, and we're going to know, I don't care what anybody says to you,

can't time the market. How to hell we've been able to tell you what to avoid while the market's been up? We will have another bare market again. And due to the fact valuations are in the trees, it will be a pretty good one. But in no way, shape, or form are we seeing it as of yet? we'll be ready

and it's incumbent upon you to pay attention at that time because bare markets are painful and as we told you before the last one bare markets usually take the past leaders down 70% on average and that's exactly what they did it's exactly what they did all the favorite names leading into 21 were crushed

now some have come back pretty darn nice a lot of them have not Tesla which is almost back to the all-time highs at 21 dropped from 415 down to 100 I'm sorry I can't think long term while something's down 75% maybe you can you're better than me

so stay tuned but so far so good what am I watching big time right now knowing the semis are in bad shape. And by the way, amazing what the NASDAX doing without the semis. I'm going to be watching them financials, the banks, the regionals, a little bit of distribution in the last few days,

nothing even to sweat about. And of course, it's easy to measure the Dow 30 because it's only 30 stocks. And we know which has the biggest weighting. They got rid of Intel, which was 20 bucks and put in Sherman Williams, that's 380 bucks. That helps. I think it's weird the way the Dow does its things. Price weighted. 30 stocks and one stock's 10 times more important than another. We'll see how it plays out. Stay tuned. We're on it. And if any more second, sectors go by-bye, we'll let you know. Something else that's going on right now that is good news. Ten-year yield drops a little more today. Broke below the 50-day moving average today. That's good. Yields down, cost the capital down. We like seeing that. Oil prices down. Cost of energy down.

We like seeing that because fundamentally, if you're paying less at the pump, if companies that make products that use petroleum have to pay less, better profits. If companies floating bonds at lower yields, better profits. That's all. My hope is the morons at the Fed do nothing going forward. Just stay out of the way. they were out yapping away this week telling you how important they are they don't matter squat there's not too many entities that i know of that are more overrated than our central bankers

they really do believe they control the 25 trillion dollar economy they did control the markets when they printed to nine trillion bucks they didn't control the economy the economy came back when we got rid of COVID. When COVID went away and we opened up. So hopefully, just take a powder. Get the hell out of the way. We be happy.

Dow finished down 123. NASDAQ though, 159 and 197 on the NASDAQ 100. The S&P was only up 15. Small and midcaps just up a little bit. advanced declines flat on the New York, but pretty good on the NASDAQ. The crypto had a good day today, middle of the day, just started jumping up. And some of these big cap names, boom, boom, boom, boom. Tesla in the last, I don't know, Tesla from 3 o'clock on jumped another 11 bucks,

finished up 20 on the day, for whatever reason, Elon. Not so sure I got to mention anything else. Good day. I'll be watching into the next week, Broadcom. Though it's a semiconductor, I'm not sure I want to own any. Looks like it's six-month range bound. We'll see if it buss out. Earnings coming up this week, Oracle, very important software name.

Adobe, very important software name. Oh, Broadcom is next Friday. Costco is next Friday. excuse me, Thursday. Restoration hardware next Thursday. Oh, and that GameStop is this week. I wish the regulators would get all over this roaring kitties, you know what, and shut his, you know what, down.

But freedom of speech lets him be a jackass. Don't be a lemming. The guy's a doofus, who's gotten rich off of having a big following of lemmings. watch yourself. In the news, well, as I mentioned, it's like an onslaught of hate, happy for a 50-year-old CEO

of United Health Insurance, murdered. Yay. Yeah, there's one journalist, yay. And then comes out, well, I really wasn't rooting for the murder, but how do people have in their minds murder's good.

Now, taking out Hamas, that's good. Anyway, they're going to catch this guy, I gather, by this weekend, dead or alive. And he's going to be a martyr. On the other end is this guy with the last name Penny in New York City. I'm going to cover him in a second. Much more. I'm Gary. This is the one on the Investors Edge. I'm Malcolm Gladwell, host of Smart Talks with IBM.

I recently spoke with IBM's new director of research. Jake M. Beta, we discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing. Whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes.

building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with Conton?

By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health, with CVS pharmacist Victoria Motola,

who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat, and it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy.

And all of those things are not something that, generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts.

On Deck is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDEC's loans up to $400,000 help make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, OnDec delivers funding you can count on. Apply in minutes at ondac.com. Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank. OnDec does not lend in North Dakota.

All loans and amount subject to lender approval. You're listening to What are we waiting for? Well, what are you waiting for? One, two, ready, go. Investers Edge with Gary Kaltba. And welcome once again to Investor's Edge. Have you been watching this, the gentleman on the train protecting citizens with their lives being threatened.

And he put a guy in a chokehold and the guy died. and I can't believe they even brought a trial the manslaughter charges been dropped and they're going for a secondary charge so you're on a train and the guy is threatening people's lives threatening it and you act to make sure that nobody just you know threatening lives I'm going to kill

you, I'm going to kill you, and started going after people. And they charge this guy. But the New York City doesn't charge others that have had 30 arrests. It's the weirdest thing. Anyway, just letting you know they dropped the manslaughter charge. There's a lesser charge. I'm not sure what it is. They're now going to deliberate on it.

I can't even believe they were deadlocked. Who in their right mind doesn't see this guy as a hero? you're on a train somebody's threatening murdering women there were women and all the whip people on the train said thank you to him and they still brought charges

it's insanity share insanity the good news fortunately fortunately we're losing a lot of these dumb ass judges and DAs across the country recently

it's good to see but the criminals away applaud the heroes, which takes me to my next part. So, interesting. We're going to take a little step back because very much what we do here is what we always say to you, non-biased, we're unbiased. We don't care if you're an R or a D. We want good policy. And if Joe Biden put in good policy, we would applaud him big time even if he was a Democrat. If AOC had good policy, I'd slaughter. We don't care. We took a lot of flack on the election and Trump saying the election was rigged. We took a lot of flack by saying he lost. That if you really want to blame, you blame

social media for being in the tank back then. They're the ones, but the votes, bull crap. And I took flack. I received a couple of hundred emails, if not more, that I needed to watch this movie called 2,000 mules by a gentleman by the name of Dinesh D'Souza. Oh, you got to watch, got to watch, got to watch, got to watch, got to watch, got to watch, got to watch, got to watch, got to watch, got to watch, got to watch. And I had emails cursing me out. I just want to let you know. Dinesh D'Souza this week came out and said, sorry. for his whole movie 2000 Mules.

I now, quote, I now understand that surveillance videos used in the film were characterized on the basis of inaccurate information provided to me and my team. If I had known then that the videos were not linked to geolocation data, I would have clarified this and produced and edited the film differently.

Yet he still did the movie. He goes on to say, in reality, what viewers were seeing might have been libel. We recently learned that surveillance videos used the film may not have actually been correlated. I don't need to go further. Which has me saying to you

as we move forward in life do some homework. Just because a guy's on radio or on TV or is provided to you as an expert doesn't mean they're right. And you must know there are a lot of crackpots

out there. from the moron that said Sandy Hook did not happen. Well, he paid a price. Didn't he lose like a billion dollar judgment? Do you know how I had people telling me that they believed him? Of course, he's now come out and said, oh, I didn't really mean it. Be careful.

Because you know what's going on right now, ladies and gentlemen? Robert F. Kennedy's all of a sudden a freaking genius. Knows everything about everything. Do you know two years ago, the people in Washington that were destroying him two years ago are kissing his butt now? Do you know Obama was going to nominate him and now hates him? Isn't interesting how the worm turns? just be careful I trust this guy as far as I can

freaking throw him because he's lied we don't want that he says he never said this that and the other thing about vaccines and he's on video saying it we just want people in power

to give you the straight so don't believe me or anybody else do some homework this Dinesh D'Souza people were kissing his butt, paid money to see his movie. Oh, the movie was bull crap. And I think he lost a lawsuit also, maybe. So just letting you know. And we're not trying to gain any points here.

We're just trying to, there's so much misinformation, so much bull crap out there. We've got to get real. We've got to get real. And this is both ways. the things that they're saying about Elon Musk now. He's now the Antichrist. The guys created more wealth and so many great things between SpaceX and Starlink.

The left should be kissing his butt just for the EVs. Be careful. He's not the Antichrist. You catch my drift? As this moves forward, we'll move forward with it. Just do your homework. Please. You'll have a great weekend.

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. I'm heading for the airport. Peace out all. Good night. This has been Investor's Edge with Gary Coltbaum on Biz Talk. 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. An 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,

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