Investor's Edge with Gary Kaltbaum - Week in Review! Further Confirmation.

Episode Date: May 27, 2022

More Info At: http://garykaltbaum.comMore

Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary, dimmer, dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. Investor's Edge with Gary Kaltbaum. Straight talk about you and your money. Now from the Biz Talk Studios, here is Gary Kaltbaum.

And welcome once again to Investors Edge. I'm Gary Kaltbaum, your host. A thanks of being with us today. glad you're here, ladies and gentlemen, happy that you are listening. It is Friday, May 27th, 2002. I hope you're having a good day. We have lots to cover today. As you know, this is serious talk on you and your buckos in all points in between with a little comedy injected. Of course, recently, we have not been able to have any type of comedy with markets, with tragedies, you name it, and we have to cover it. Let's. Let's. Let's just do good news out of the box.

But first, if you do not get this show in your city, you've got to go to garyk.com. We'll post it, the show, at garyk.com. We'll also post it on our Twitter feed where you should be following us. Press the button on Twitter and join or at Twitter put our name in. You can email me, just be nice.

not like the email I got from some lady last night that's usually nice and says oh the reason why everybody's nice to is because you have no audience I love people and then she emailed back and she was nice again anyway let's get down to it since November 90 some odd percent of the time we have been quote unquote with our words deeds thoughts negative on the market except starting the first of this year except for a few areas energy commodities staples were around for a bit I remember when insurance and managed care were better and then they went by the wayside we had a what I call a confirmation day on March 16th

we said, okay, we're starting a rally phase. We'll see how long it goes. On April 6th, we said, that's it, unfortunately. And then we went into Grossland from March 29th. And remember, March 29th was the high, but for four or five days, just backed and filled, and then we fell, and that was the April 6th from March 29th, amazingly, in less than two months, the NASDAQ dropped almost 25%, the S&P almost 18%. Rating a big wow. Those are big drops. Since November, gargantuan drops in tons of names where recently six percent of the NASDAQ down 90 percent, 22 percent of the NASDAQ down 75 percent, 50 percent of the NASDAQ down 50 percent,

retail stocks crashing all over the place. I mean, massive drops in retail, in housing, housing-related, economically sensitive, financials, semi-conductors, you name it. We had days where we had 2,500 new yearly lows during the drop. I mean, holy crap-a-matic. We saw interest rates just for lack of a bit, not vertical but almost,

going from, let's say, 7 o'clock to 11 o'clock. Let me get that right. No, to 1 o'clock. Gary, get with it. almost vertical in yields, oil prices, skyrocketing, and by the way, up again today. But in the last few days, we have been noting for you a few things. I take that back. For the last couple of weeks, we've been noting for you how bearishness has really picked up.

What do we mean by that? Well, we have these certain measurements about how the masses feel about markets and life in general and everybody's been down in the mouth, dowered, depressed, yikes, oh, vomiting up. But for good reason, accounts getting smoked. And sentiment by itself is meaningless. You need price. But sentiment very often eventually augers in what we call counter trend moves. And what does that mean? Well, down 10 up 5, countertrent. Down 10 up 5, countertrent. Down 10 up 5, countertrent. Down 30 up 15, main trends down with some counter trend rallies. And in the last few days we just noted, little defense, nothing exciting, nothing to hold your house.

hat on and then yesterday. And we simply stated to you, we just confirmed A-Lo for now, we're going to get some upside testing. Our exact words, as always, unknown price and time. Simple as that. That's the way it goes. And what we try to tell you, since every, a bunch of bulls, people that stayed bullish all the way down turn bearish in the last week or two. They think I don't notice, but I do. A bunch of

bulls turn bearish in the last couple of weeks. While we've been bearish all the way down for obvious reasons, which again yesterday, we call it a confirmation of a low for now and we'll get upside testing of unknown. Well, we got another monster day today with, I will tell you, at the close today, a jam at the close. What's a jam? A jam. Lack of a better word. An absolute jam at the close. In other words, let's see, I'm going to put up my minutes. You'll just have to believe me when I say a jam. So further confirmation today that a good low is in now I want to be as specific as I can with you what we mean by a good low in the market the lows we have seen over the last couple of weeks and what I mean by that is we kind of hit a

low two weeks ago went up pulled back and just sat around that area is not getting taken out anytime soon you got that down the road Don't know. Is not getting taken out any time soon. I don't even think pullbacks will take you back to retest those lows. We can pull back some. I suspect a quarter of the way at worst. I say this because of the strength of this move.

Off the lows. Is it the low? Listen carefully. Listen to my words slowly. Anything is possible. When we're dealing with the whims of a select few people that are able to print $30 trillion around the globe to jack markets up, 30 trillion around the globe. We don't think anything is out of the realm. Simple as that.

We don't have to know if it's D-low. We'll take it as it comes. And how we do this right now, as we did the downside, day by day, step by step, inch by inch, sector by sector, market by market, stock by stock. If pullbacks,

let me go backwards. In bare markets, drops are harsh bounces are anemic if pullbacks are now going to be anemic and rallies are harsh we'll know a hell of a lot we also know just by

I don't even have to look after the close that most everything 90% of the market is stuff coming off the lows or near the lows We call them bombed out. We can honestly tell you we don't know which ones are going to blow up on the next earnings reports that are going to be coming out in the next seven weeks. Up next, continued, explanatory stuff from your host.

I'm Gary. This is the one only Investors Ed. 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 complementary portfolio review. The number to call is 888-4-22-5-59.

That's 888-4-2-5-9. That's 888-4-2-2-5-5-9. Investment Advisory Services offered through call-bomb capital management. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for Indeed's sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for.

Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs. And listeners of this show will get a $75-sponsored job credit

to help your job get the premium status it deserves. At Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed Sponsored Jobs. Cashflow crunch?

On-deck's small business line of credit. your business immediate access to funds up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat with flexible draws, transparent pricing, and control over repayment. Get funded quickly and confidently. 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. OnDak does not lend in North Dakota. All loans and amount 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 promise is to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this.

So, we also have this terminology. One of our terms is turning the corner. What that simply means, you have a bare market. The stair steps keep going. down down four up to down four up to down four up to down four up two down four up two down four and you hit a low instead of just going back up two you sit for a week or two and then you move up instead of pulling back you sit again at we call a higher low a higher price than your recent low.

You sit a bit and then you rally again, meaning the stair steps have now turned. For how long we don't know, for how far we do not know. We see a bunch of stair steps turning here, one day off of a confirmation. And in what we would call important areas, areas and the broad market. Now it's very tough on an individual basis here. Why? Because in case you didn't know, you had bad earnings reports come from some names. Now with the market putting in a low, everything is

forgiven. Not only have they not gone down, they're actually being bought up. But if we start rallying up more and people are warning and guess what happens the fact that they've only rallied up they blow up so the best move is kind of sort of stay indexy yeah nice word gary that's the thought process there's no leadership in the market everything's off bottoms everything's been trashed and rallying up some you know we did this exercise with you yesterday hey just remember oh the stock was up 15 today it's down a hundred from the highs so we don't know what the leadership is right now we do know energy which is not growth is the strongest group there's a smattering of a few names that stand out but nothing in the way of big gigantic growth with my

I can tell you, let's see what I got for you here. Relative strength, Cigna, managed care company. 7% revenue growth. Whippee do. But held up very well and looks like it wants to break out. Lion Del Basel Chemical Company breaks out today. Chemicals? That's not typically growth.

And of course, then you have some growthy names. Microsoft was up a nice seven today. Oh, great. The 273, it was 293 weeks ago. It was 316 in March. It was 344 in December, the old high three. It's recovering. And very tough to know.

Google was up 90 today. Remember, these are high price stocks. The 2246. Great. It was 2875. five weeks ago. Amazon was up 81 today, and by the way, was kind of not getting going today until they jammed at the close. It was up 81 today to 2302, 31416 five weeks ago. But I'm going to go through my scans later. I'm not saying these have, but others look like they've turned the

corner. If they have, listen carefully, the more names that do it, the more weight of the that this really sticks. That said, we'll let you know when it tops. You got that? We'll let you know. We'll let you know. When we say to you, we don't know time and price. It's the same thing we said on March 16th when we had a confirmation day. April 6th, we said that's it. It's over. It was a short, very good rally. guess what? What we're seeing now, we've got to make sure it's not going to be a short, very good rally, and then good night again.

Do I have any of my thoughts, you know, when I use the words odds favor? Not yet. Got a scan. But yesterday's confirmed. Solidified more today. And man, they jammed it into the clothes. What that told me into the three-day weekend,

cover your shorts. Remember what I said, did I, I told you yesterday, or did I do it on webcast? You've had short sellers celebrating too much. You've had bulls so depressed. That's where you get countertrends. And when I say depressed, you had converted bulls in the last two weeks. People that I know are bullish, bullish turn bearish. A few stayed bullish, but they're just, you know, they're meaningless.

We have no use for permibulls and pearmamenters. perma bears here. You got that? We let the market dictate and we're pretty damn good at listening. It was by no accident we told you yesterday, confirmation day. It is no accident we went to the process of major tops. Now, index by index, sector by sector, stock by stock, with the proviso on an individual basis, very tough, very tough to figure that out just yet. And unfortunately, we're six weeks away from earnings, big earnings. Why are we rounding up? Couldn't care less. We've already told you the yields have backed down from 3-1 to 27. But oil prices hit 115 today. I heard all day today, well, the market thinks inflation is peaking. Really? How is that possible? How is that possible?

if the CRB index is in a new high and oil was up at 115 today, another relative high. So, how can that be a peak inflation? I don't care what the market believes. I care what the market is doing. And you have a three-day weekend. If you haven't read How to Make Money in Stocks by William O'Neill, The Secrets of Profiting in Bull and Bear Markets by Stan Weinstein, any other O'Neill book, any book by Gil Morales, you should.

Up next, today's... numbers. This is the one only investor's edge. 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, Focinating 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. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos.

Either way, just say to yourself, this is a job for indeed sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed's sponsored jobs.

Listeners of this show will get a $75-sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed's sponsored jobs. On Deck is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps. OnDex loans up to $400,000 help make it happen. 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 on-deck.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 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 Colbomb. It comes highly recommended.

You're going to feel better if you talk to him. Before we get into the market wrap, a few things today also. Canopy growth, CGC reported earnings. It's a marijuana stock, closed down 12% today to $4.88, down 67. Hit a high of $56.5. February of 2021. It was also $59 in 2008. Yes, you can thank me of just being logical and get this, 25% drop in sales year over year for their marijuana.

Wait a minute. How can that be? Isn't everybody legalizing marijuana? What did we tell you? All you got to do sometimes is take a step back. All you got to do. What did we tell you last year that these stocks would be trashed? It's simple.

Why would anybody go and pay taxes when you got your buddy across the street that sells better stuff cheaper and will walk over to your place and you don't pay him tax? Do you know how many of those buddies are out there? I went to college. There were dozens of them just in my apartment complex. Not that I smoked. If you got several thousand of them and companies, what do you think? It gets diluted.

Simple dilution. I told you that 18 months ago. And man, little did I know these suckers would drop 90-some-odd percent. And the usual tout jockeys have been... They don't know what the hell they're talking about. If three people sell the same product, okay. If 30 people do, not as good. If 300, really not good.

If 3,000, you're screwed. And do you know what some cities have done? Some cities have gotten rid of the marijuana tax because they knew they were competing with Uncle Biff around the corner. corner. Biff, where do I get there? That's what's the back to the future, right? Just logic. I got news feed. I doubt they're ever coming back. Maybe I'll see, but so far the stocks ain't showing it. What do we tell you about draft kings? They're just a bookie. You know, when they say,

oh, we pay out, they don't pay out squat. The losers pay out. And when there's others doing the same thing. What happens? Dilution. And when everybody's legalizing this stuff, dilution. It's so logical. And Draft King's stock has dropped from 75 down to 14. And by the way, their sales up 34 year over year. You know what the problem with that is? It was 320 a year ago, 63 quarters ago. Last two quarters ago, 47, now 34, deceleration. Making money, the business? They lose money. So just remember, logic. It'll prevent very big losses.

You want to hear some more logic, ladies and gentlemen? Who warned you about these SPACs before anybody else on Wall Street? Who? Your handsome and buffed host. Article, Wall Street Journal. Spacks are warning they may go bust. More than two dozen companies say they may not survive much longer. The SPAC boom brought a wave of companies to the public markets

promising years of rapid growth and profits to investors. Two years since the boom began, many of these companies already warning they may go bust. Duh! At least 25 companies that merge with SPACs between 20 and 21 of issues so-called going concern warnings in recent months. Duh! The company's auditors determine their substantial doubt about its ability to stay afloat for the next 12 months. Are a company planning to build an air taxi network. We laughed at that one.

Numerous upstart electric vehicle companies. We told you so. There were scams. Gary, wait a minute, don't you think they really wanted them? No. You know how much money you need to start an auto? company? Are you kidding? This was all bull crap. It enriched a bunch of people that did it and Wall Street let it happen. There's already been fraud. I think the couple have been indicted. An air taxi

company? What? What is it? The Jetsons? Yeah, I'm going to let an air taxi fly over my house. So they're saying the companies with warnings amount to more than 10% of the 232 companies that listed through SPACs in that period. Oh, there's going to be a lot more than 10%. I've gone through a bunch of the companies. None of them, I take that back. Most of them should not be public. You got that? And there's hundreds of them that still haven't merged with companies, and you know why?

Because there aren't any out there to merge with. And I think there's a two-year window where if they don't merge with something, they've got to go poof. And give all the money back. What word did we use? Two words we used to this whole shenanigans. Money grab. That's all it was. It was a money grab.

It was a money grab. And I can do others. I'm not going to just, I don't have time. Just go to the Wall Street Journal and read the article. I posted it on my Twitter feed. Welcome to Wall Street with a money grabbers makeout and you're screwed. We hope you listened. That said, market rap brought to you by Investment-Models.com.

That's Jim Rourback. One of the great market timers. No gray areas with the man. You're either in or out of the market with his proprietary indicators. Go check it out. Investment-dash-models.com. Another 575 on the Dow. Another 100 on the S&P.

Another 390 on the NASDAQ, another 404 in the NASDAQ, another 120 on the SOX, another 302 on the transport. Gary, what happened? What changed in the world for this to happen? and the market's rallying. Nothing. Sellers dried up. Buyers showed up. Short sellers are covering.

Our job is to recognize it. Our job is to read it. We told you the confirmation yesterday. Great follow through today. I must tell you, I wouldn't have bet on another big day today, but guess what it did? And we'll see where it takes us. Where did we tell you we'd possibly go to? The 50-day moving average that we were stretched

away from and now we're on the way. The Dow is closer than the S&P, which is closer than the NASDAQ. Can I find any fault in this rally just yet? The only worry. The second is froth and speculation are already at hand. The jackasses are buying AMC and GameStop. They never learn. They never learn. they've lost their asses in these things and they go right back to them because they think they'll repeat and i must tell you game stop is up 30 some odd percent in two days i hope they caught them early when the music stops they're all going right back down that's a big worry real bare market bottoms do not have froth and speculation accompanying the The low.

You got that? I've never seen it. In my study of every bare market, that will be in my file manager as we rally up. Otherwise, I really have no complaints about today. And you got jammed into the close. Up next. This, that, and the other thing, and whatever else. This is the one only investor's ed.

Hi, I'm Dr. Jay 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 have a stomach kick 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. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed?

Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for indeed sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time.

More results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs. And listeners of this show will get a $75-sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply.

Need to hire? This is a job for Indeed's sponsored jobs. Cash flow crunch. On-deck's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses

without missing a beat with flexible draws, transparent pricing, and control over repayment. Get funded quickly and confidently. Apply today at ondac.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. OnDak 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.

Action! In the Gester's Edge. With Gary Culpa. That was my son on the phone calling in from Greece. his honeymoon. By the way, I've got to shush my wife back there. You know, we ripped the politicians on the gun thing without even taken aside.

And all we just told you, they're just all full of crap. And more so on the left. Because the right basically tells you NRA, and again, we're not taking aside here. But the left, they just lie to you. Oh, we care about you and guns this and guns that and how bad it is. They great at flapping gums. So I want to thank the New York Times.

Yes, the New York Times ripped Joe Biden today on guns. You know what they said today? Exactly what I told you yesterday. Joe Biden has been in D.C. for 50 years. They had eight years under President Obama, a very popular president and did nothing. Of course, they opened their freaking mouths every time. There's something like what just happened in Texas. And they try to make political, hey, Republican.

Americans bad, Democrats good, vote for us, we'll take care of it, guns this, guns that, and they do nothing. You got that? You all just remember that. There's no difference between parties. And I'm telling you, they're drinking champagne in the back rooms together after they scream at each other. I'm telling you, while they took us the $30 trillion of debt and paying off their lobbyists and going to Wall Street and coming back and making millions and millions for themselves and committing, side of trading crimes that we go to jail for, but it's nothing for them. So I want to thank the New York Times for ripping him on everything we told you yesterday.

He isn't going to do anything. Eight years. Obama, two years with 60 senators, minus a few weeks because I think one of them got sick for a while and this that. What did they do for all of you that want better gun rules, regulations. What did they do? Do you remember that eight full years? Squat. And now they're doing the usual again. Taking advantage of 19 kids' deaths to teachers to make political hey when

they're not going to do anything. They're not going to do a damn thing. But yap. The pundits, they're just going to yap. And two weeks from now, this is going to be off the front page again unfortunately. And we're finding out some new things. And man, there needs to be an investigation because if the police showed up and backed down, fire every one of them. And you know there's no bigger backer of police than I unless you suck as a police person. But let's wait to the investigation comes out. But I must tell you from the get-go not looking any good. All right, off of that, we are in rally mode right now. You got to be.

that? Unknown price, unknown time. Bare market rally, don't know just yet and don't care. Remember the last rally? Within a day off the high, we told you it had topped. If this one tops again, we think we can have a guarantee. In my business, just so you know, I'm never allowed to use the word guarantee. We think will be pretty darn good. when the next high hits. And then even at that high, we'll be able to gauge, whether we'll revisit the lows and break down badly or just pull back. We think we'll be able to do that too.

We're in rally mode right now. The big worry is froth in speculation. We think now pullbacks controlled. We don't think we can pull back to the lows of the last few days, and we'll take it from there. And now you've got the three-day weekend of short sellers. They're now crapping in their pants a little bit. The bulls feeling more emboldened.

You know what the institutions are going to do now? They're going to have their meetings. Hmm. Maybe we need to sell those procter and gambles and get back into some of the semiconductors. So it could feed on itself for a bit. That's how this works. Now, back on the SPACs. Because I just read a couple other things.

I just want you to hear how stupid things are and how stupid investors are to even buy a share of this crap. Scooter rental company hellbiz. Recent financial statements including a going concern warning. The company said in a SPAC presentation in 21, clear path to profitability. They ended up with a $72 million loss. The company didn't respond to a request for comment. Here's my favorite one. Lillium raised $584 million in the SPAC deal last summer.

It planned to make electric air taxis that can rise in land like a helicopter, even though it had never been certified by regulators. The company initially said it expected to have enough cash to make it to its planned start a production. They didn't have started production in 24. It raised $250 million less than it hoped for going concern. You got me? Electric vehicle, I'm reading from the article, electric vehicle makers which were popular among SPAC investors seeking the next Tesla. get this, have often forecast rapid growth before having so much as a factory. At least six of these companies have disclosed investigations by the U.S. Securities and Exchange Commission.

Three car or battery makers have issued going concerns. They should be in jail. Never forget this stuff, kids. This was so easy to see. Go read up how many auto companies went into business and how many were left. left in the last hundred years go look it'll take you one second to report back to me anyway i'm happy because i know a lot of you are neck deep in the markets you're getting back some of your money here i hope we go straight back to the highs and more for whatever reason and we'll stay on

top of it that said have you have a great three-day week weekend, drive carefully, and when you get home, do like we do. Make sure you hug your children, hug your family, they'll feel better, you'll feel better. I promise you. Good night, everybody. Best of Gary Monday. We'll be back on Tuesday, and I'm on Fox News tomorrow at 10 a.m. Bye-bye all. This has been Investor's Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Hi, this is Danielle Robeye, the host of Bookmarked by Reese's Book Club, a podcast by Hello Sunshine and IHeart Podcasts. I'm partnering with Simple Mills, and I've just found my new

go-to reading snack, Simple Mills, almond flour crackers. Think of this as a quick book-style review because these crackers deserve it. The premise, a snack that feels light, not heavy, made with almond flowers, sunflower seeds, and flax seeds, nutrient-dense ingredients your body can use, not empty carbs. And the taste, crunchy classic flavors that leave you feeling energized. For a good plot twist,

try poppums, cheesy, airy, poppable crackers packed with veggies. Final verdict, these are a shelf staple. Find simple mills at your grocery store. Allergy season always sneaks up on you. One minute,

you're listening to your favorite podcast. The next, it's nonstop sneezing and a runny nose. Don't worry. Kleenex ultra-soft tissues have your back and your face. They're allergist approved and silky soft to help prevent skin irritation, so you can stay comfortable all season long.

Don't let allergies interrupt your flow. Be ready with Kleenex ultrsoft tissues. For whatever happens next, grab Kleenex.