Investor's Edge with Gary Kaltbaum - We're the piggy bank! [02.24.2026]

Episode Date: February 24, 2026

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Starting point is 00:00:33 Investor's Edge with Gary Kaltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Kaltbaum. And welcome once again to Investors Edge. I'm Gary Kaltbaum, your host day. Thanks for being with us today. Glad you here, ladies and gentlemen, happy that you were listening. It is.
Starting point is 00:00:52 I know what day it is. It's February 24th. It's Tuesday. day, 2006. Hope you're having a good day. The reason why I know it's February 24th, it would have been my parents' 69th anniversary. As you know, my father passed recently. My mother about a year before. And, you know, I'm not up in the Northeast, but my brother sent me pictures. from the cemetery and there was like six feet of snow on the ground. I'm here in Florida.
Starting point is 00:01:35 We had a cold day today, but it was like in the 50s. Anyway, that's how I know. I hope they're resting well and sitting in their chairs and watching their, they used to love watching the old movie channels and watch things like Casablancon, things like that, and I love watching it with them. Anyway, it would have been there 69th. Well, is there 69th? How's that?
Starting point is 00:02:02 Hey, in case you don't know, this is serious talk on everything that affects you. We're going to do the State of the Union tonight. But you're going to have Gary's State of the Union also. My State of the Union is much more important than anything Donald Trump would say. We'll do the markets and the economy in your job. in your industry and everything the Morlocks do to us, everything that comes to mind. Everything. And if you don't get this radio show in your city, we'll post it at garyk.com.
Starting point is 00:02:46 We'll also post it on our X feed. And if you don't follow us on X, you should. and if you do email us, we just want you to be nice. Simple as that. So let me start out by saying, Gary's State of the Union, listen to me carefully because you're not going to hear this tonight. You didn't hear it from Biden. What they do is they tell you how fantastic they are. How wonderful they are.
Starting point is 00:03:24 All the great things that they do for us. And I'm here to let you know they ain't squat without us. Do you know that? We're the straw that stirs the drink, the people of the country, not them. We're the successes. They're the failures. How do we know this? You guys have a checkbook?
Starting point is 00:03:59 You're balancing it? You're in massive debt? You in massive deficits? Are you lying to your family constantly? I bet you're not. You see, it's the 350 million of us, but I guess probably 151, 77, 200 go to work every day to do better for ourselves and our families.
Starting point is 00:04:30 And unfortunately, you know what they are? They are the big headwinds. That's what they've been. And you may not know this. But every time they spend a dollar deficit, it's a headwind on you. Do you know that? Do you know that they brought us to the point of one point-something trillion of our dollars going towards interest? Do you know that?
Starting point is 00:05:02 And it's far past Donald Trump telling us how it's wonderful because he had four years from 16 to 20 and did nothing about it. And he's doing nothing about it now. Oh, wait, the tariffs. Oh, yeah, we're going to tax the hell out of the American people in business to pay down the deficit. Yeah, sure, thanks. So we're letting you know here, my state of the union,
Starting point is 00:05:31 I think we're doing fantastic. And of course, there's levels for each person, each family. But as a whole, we're doing fantastic. Do you know this country? The people, this country, the most generous on earth. I told you that story about the celebrity that just died. I forgot his name already because I never watched the show. You know what I'm talking about, right?
Starting point is 00:05:57 They did a go-fund me because they were out of bucks because he had Alzheimer's, So ALS and the bills were, I think it's up to 2.5 million and it was like thousands of people, even given $5. That's magnificent. That's so wonderful. Our technological advancements, our medical breakthroughs. And just so you know, I read up about these things every day and I can tell you on the technology front, I don't understand half of them. But on the medical side, I can certainly understand where they're saying,
Starting point is 00:06:35 dang, somebody who got this cancer 20 years ago had a lifespan of a year, and now it's 10. You remember AIDS, right? It was a death sentence. We're doing great. We're great success stories. They suck. They suck. 38 to 39 trillion, headed the 50 quickly, by the way.
Starting point is 00:07:07 says so we have become nothing more than their piggy bank and when they don't have enough money screw it we're just going to do massive freaking debt we don't care oh and we're going to make this
Starting point is 00:07:25 something of peace and we're just going to take 10 billion dollars from taxpayers without any votes and do it to the board of peace great so my state of union I think we're doing pretty damn good. They suck. Every day now? What is the 365 days a year? Ah, $6 billion is added to our debt every day. Did you know that? Did you know in the year 2000,
Starting point is 00:08:00 our whole federal spending was $1.8 trillion. It is quadrupled. Do you know they used to fight over something called the debt ceiling. You know what a ceiling is, right? Look up. Look up. You know, Roo? There's a ceiling, right? You can't break through it, right?
Starting point is 00:08:21 Well, they weren't supposed to break through it. Oh, now they tell us if they don't break through the debt ceiling, we're screwed. It's like the lying sacks on climate change. Oh, you got 10 years or else. We're 4.5 billion years old, but we got 10 years. I just found another video of Alexandria Casio-Cortez, AOC saying we've got six years. So full of crap.
Starting point is 00:08:55 So we're going to be told tonight how great they are. Not how great we are. Oh, he's going to point out some people in the audience. The hockey team is going to be. They're fantastic. Love them. Let me tell you, if I get a hold of that team, I'm taking them to dinner. They're going to have some other people in the audience.
Starting point is 00:09:23 I gather some heroes, some veterans. Great. But most of the time, they're going to tell us how great they are and why things are so fantastic because they're so great. And we're just trying to tell you here if I was president. You know what I'd be saying? You guys are great. you know what we're going to do
Starting point is 00:09:44 we're going to low your taxes we're going to balance the budget we're going to get rid of onerous regulations and we're going to get the hell out of your way while we fight crime and secure the border which by the way which by the way
Starting point is 00:09:59 Donald Trump gets a plus plus plus plus plus plus plus on the border for me it is the second most important thing the president it has done in the last 50 years, Donald Trump, number two, magnificence. And he should applaud himself tonight on that.
Starting point is 00:10:26 You know who's number one? Reagan. You know we had a crappy as hell economy before Reagan because they were really insane in D.C. You know, we had like 20, 30 different tax brackets, and I think the highest rate was like 75, 80%, 80%. Reagan took it down, I believe down to 28% and unleashed the economy. Unleashed the economy. Reagan was the last politician I really loved. That's how far back.
Starting point is 00:11:07 Up next, we'll put a bow tie on this, get you to the markets. This is the one only Investors Edge. Hi, I'm Gary Kalpom, 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
Starting point is 00:12:04 your personal goals to determine a proper investment strategy. If you're 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. The number to call is 888-4-22-5-59. That's 8-8-5-5-9. That's 888-4-2-2-5-9. Investment Advisory Services offered through call-bomb capital management. Lately, car buying has become a pretty dull experience, but on eBay, behind every car in part, is a story waiting to be shared. There was a guy who bought a 2020 Porsche Cayman GT4 on eBay. It was well loved. There are plenty of Caymans in great condition on eBay, but this one needed some work. That's just the start of the story. So after this guy gets a great deal on his
Starting point is 00:12:56 dream car, he rebuilds the whole thing with all these parts he found on eBay, performance brakes, suspension, body panels, the works, guaranteed to fit. Next thing you know, this nearly scrapped Cayman was out there on the track as a full-blown race car. You're ready to go daily driver, your next Restamod. Hello, Lotus Alon, hand the parts to finish it. eBay has thousands of cars and is the largest online selection of vehicle parts and accessories. eBay. Things people love. Reese's peanut butter cups. They go perfectly with music.
Starting point is 00:13:29 Podcasts. And welcome back to the show. nature sounds. Oh, and the thing where someone crinkles tissue and whispers at you. Hello. Look, I'm not here to judge what you listen to. I'm here to judge you for not eating Reese's while you listen to it. Reese's. Ashley, go back to the nature sounds. Nice. Yeah, that's really nice. On Deck is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, on-deck's 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 on-deck.com.
Starting point is 00:14:15 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. With Gary Coltbaum. It doesn't get better than this. So, we're going to get this State of the Union tonight.
Starting point is 00:14:49 And let me tell you how much fumbleitis President Trump has. As you know, we have stated the worst president we have ever had ever was Joe Biden. Ever. And we've had some bad ones. And I mention on several reasons why. First and foremost, on purpose, open the border and putting us in harm's way, where the Homeland Security moron actually said on TV, yeah, we don't know where people are. And who's here?
Starting point is 00:15:33 He said that, the schmuck. And they did it on purpose, on purpose. and they were flying people into cities at two in the morning, costing cities millions if not billions of dollars, and creating havoc around the country. The worst ever. That was number one. Number two, he expanded massively the size
Starting point is 00:16:01 and spending and debt and deficits of this government with that bull crap bill. The affordable, whatever this, that and the, other thing. I forgot the name of the thing. It was just a lie. Absolute lie. His family's corruption and the pardoning of his family. Never said one damn word when Jewish students were being attacked by a bunch of scumbags on the colleges to the point where they had to be threatened with dollars in order to do something about it. You don't see that happening anymore, do you? and of course Afghanistan
Starting point is 00:16:40 for a party that cares so much about women they're back in the dark age the Afghani women because of the Taliban now Joe Biden the worst ever so President Trump takes over and does the second greatest thing a president's done in ages and that is closing the border saving lives
Starting point is 00:17:05 what a great move. No longer people are drowning through rivers and dying on the backs of trucks and 150-degree weather. No longer. We had a controlled border. Magnificent. And what does he do? He screws the damn thing up. He deports people and deports people and deports more people.
Starting point is 00:17:36 after saying we're going after criminals, he's deporting 70-year-old men that have been here 45 years with families, that are grandpas, that have built businesses, paid taxes. Oh, but some of the mega people, but they're illegal.
Starting point is 00:17:53 Screw that. It's called humanity. And voters, the people this country a lot, have humanity. And that's why his poll numbers, believe it or not, on immigration, suck. So when he goes out tonight to talk about what a great job he did with the border, he steps on his own feet because he cannot talk about what happened in Minnesota.
Starting point is 00:18:21 I read a story today. They took a wife away from a man that they've been here for whatever years, and they're going to send it to Cuba. Two people that go to church and pray and had kids. and work hard and pay tax. Oh, but she never got her. Who gives a crap? We all have one life.
Starting point is 00:18:47 You think he's going to earn votes? So I don't know what he's going to say about that tonight. He says he fights crime. And then he pardons a crap load of white crawler criminals. Who we find out gave a million, two million bucks to his campaign. Pure corruption. He says he's against the drugs and I saw they knocked out another boat yesterday, but he pardoned the ex-head of Honduras who trafficked in 200 tons of cocaine.
Starting point is 00:19:20 And they wonder why the independent vote has gone south like there's no tomorrow. And he's done such great things. It would have been so easy. And then there's the embellishment in the lies. too numerous. I'm rooting for him, but I know what we're going to get tonight. It's going to be a lot of embellishment, a lot of BS. He's out today, the greatest economy ever with a 1.4% GDP. You know, Biden had some 3% GDPs and Trump said, we're in depression. Again, the independents that are not mad and not in love and just want these straight. he's losing them all and they know it so i'm in hopes tonight we get a pivot number one don't put down anybody don't go after anybody don't blast anybody praise praise the country praise the people praise the people in the audience there are a bunch of moron dufous democrats that are not showing up don't say a word they look like moron That is going to cost them votes.
Starting point is 00:20:46 I don't care if the devil's up there. You still show up. Look what kind of morons they are. And you know what? Go watch the interviews of some of these hockey players full of joy and praise of their competitors. I love that. Sportsmanship.
Starting point is 00:21:09 My expectations are low. Hopefully I get surprised. That is tonight. My state of the union is, if they would just leave us to hell alone, we'd be ten times better. We're great. They suck.
Starting point is 00:21:32 And by the way, I'd say it to their face. I mean that. They are nothing but our headwind. We are nothing but their piggy bank. And it's getting tiresome. And I don't want to hear any more what they're going to do for us. We're doing for them.
Starting point is 00:21:55 And that's my take. By the way, I expect no argument from any of you because you know I'm right. You know I'm right about all of this. Every single shred of it, I'm right. And the numbers, try fighting those numbers. Try fighting those numbers. I hear now it's going to be $1.2 trillion to interest this year. Our whole federal spending in 2000 was 1.8.
Starting point is 00:22:33 Think about that. It's a crime. And we can't do anything about it. Again, I believe it's 9 o'clock tonight. I may be tweeting very sarcastically because that's what I only have left. It's sarcasm. All right, the markets, lots to say, and we'll get it all in by the close, I promise.
Starting point is 00:23:04 This is the one only investor's edge. Lately, car buying has become a pretty dull experience. But on eBay, behind every car in part is a story waiting to be shared. There was a guy who bought a 2020 Porsche Cayman GT4 on eBay. It was well loved. There are plenty of Caymans in great condition on eBay, but this one needed some work. That's just the start of the story. So after this guy gets a great deal on his dream car,
Starting point is 00:23:50 he rebuilds the whole thing with all these parts he found on eBay. Performance brakes, suspension, body panels, the works, guaranteed to fit. Next thing you know, this nearly scrapped Cayman was out there on the track as a full-blown race car. You're ready to go, daily driver, your next Restamod. Hello, Lodda Salon, hand the parts to finish it. eBay has thousands of cars and is the largest online selection of vehicle parts and accessories. eBay. Things people love. I love.
Starting point is 00:24:17 Reese's peanut butter cups. They go perfectly with music. Podcasts. And welcome back to the show. Even nature sounds. Oh, and the thing where someone crinkles tissue and whispers at you. Hello. Look, I'm not here to judge what you listen to.
Starting point is 00:24:34 I'm here to judge you for not eating Reese's while you listen to it. Reese's. Ashley, go back to the nature sounds. Nice. Yeah, that's really nice. Cashflow Crunch. 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 ondeck.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. Ondeck does not lend in North Dakota. All loans and amount subject to lender approval. We're listening to.
Starting point is 00:25:23 America is talking. Investors edge. He's got to be pleased with that. The crowd is just on its 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.
Starting point is 00:25:46 You know, I'm going through some aftermarket, and you know what it's amazing? I've got some software stocks that have crashed, and they're reporting earnings, and they're still going down. Wow. work day is one of them go daddy is another anyway so we were down 800 and change yesterday yeah up 370 today
Starting point is 00:26:10 let's see what happened today IBM was up 6 that's about 40 Dow points IBM was down 30 something yesterday on something about Cobol and somebody being able to whatever whatever whatever
Starting point is 00:26:26 up today Apple up 5 and a half Apple's been acting like a penny stock lately. Do you know it dropped 20 bucks in two days? By the way, this is the second largest mega cap. And it is back up about, of that 20 bucks, it's back up 17 in a couple of days, three days. So that helped the Dow. Caterpillar helped the Dow about 70 Dow points.
Starting point is 00:26:52 Been acting pretty darn good on 0% earnings growth, but it has an AI component. Goldman Sachs. racked yesterday, hit a high at 932, closed at 892. It was up 10 today. And by the way, it moved like 40 points throughout the day. That's about 65 Dow points. Home Depot reported earnings was up 7. Their earnings were down 13% and their revenue zero per year over year were down four.
Starting point is 00:27:20 It was not good numbers, but it was up. And United Health was down 8. That's about the only thing that was down. I think that kind of covers. It's, ooh, some bounces in software. So salesforce.com was up seven in the Dow. It's only one problem. And we always tell you this.
Starting point is 00:27:42 Be careful about bare market bounces, right? Salesforce.com just dropped from 270 to 178 in one, two, three, four, five, six, seven plus weeks. So of course there'll be a bounce somewhere. And a lot of software stocks bounce today. And if they didn't, that's really bad news. Do you know Palantir was down today? Palo Alto Networks was down today.
Starting point is 00:28:15 Crowdstrikes down today. Software bounce today. And there's some names that were down, which for me is actually amazing. and pretty much they're just bare market stocks. We'll let you know when we think the worst is over. All I can tell you is typically, we're giving you the typically, and there's been nothing typical lately, how bottoms occur is it finds a place, stops going down,
Starting point is 00:28:55 down, but you have to go up, retest, up, retest. And the worst drop, the longer you have to retest before you turn up. That said, because a lot of this we're being told is news driven. There's no rule that you can't get some nice little V shapes out of this. Little quicker moves up. Again, we'll let you know, but I would suggest that one day bounce does not cure the ills of that. Also, as you know, we've had drops in insurance, truckers, brokerage stocks, some other stuff based on this supposed artificial intelligence. I can tell you the truckers were bouncing. They had a roughed up day-to-day. The expeditors, that was one of them, reported earnings. I guess the market didn't like it. Yeah, not good. Got trash today for 7%. So I'd just be wary of that. Some of the brokers
Starting point is 00:30:12 bounced. Ameriprise up 12 today, but it dropped 100. And that's what we mean by bounces, down 100 up 12. And again, a lot of news driven. So we'll give it that shot because of news driven to do a little bit instead of the time and price maybe sharper moves back to the upside if they want. Whether or not they go lower from here I don't know, let me state for the record, it's already been a big drop.
Starting point is 00:30:54 Already been a big drop. Big drop. Amazingly Bitcoin wasn't up today. Unreal. And amazingly, I saw another talk in his book today. Matter of factly, it's going to a million. Something that's trading at 64,000 in a brutal bare market down almost 50% now. That's going to a million. It comes up. under the heading WT, and you know what the next letter is. I can't tell you how much that pisses me off. It's going a million. That person who I know owns a ton of it is down almost 50% since October. That's going a million, which is only 14-fold. Because you know everything goes up 14-fold, right? something that has no earning sales product or services it's just going to look 14fold and somebody's
Starting point is 00:32:07 going to pay 99,99,99.99 to make sure it goes to a million right sure you can tell how I feel about this right what else today you had a pretty strong day in the the building construction the data the data the storage of the artificial intelligence stuff. There's been all this talk. The latest is meta with AMD. That meta is going to spend several trillion dollars. Let me see if I can find that number with meta. The numbers that are being bandied about, I wonder how any of these companies going to make any money with what they are proposing. I'm looking for the number. Do do do do do do a hundred billion maybe? Sure.
Starting point is 00:33:07 Yeah, we're just going to spend the hundred billion on chips. Because we know we're going to make $100 billion and $1 because of it. And again, I'm not saying they won't, but we've already seen what has happened to some companies that have announced gargantuan spending or contract. or promise, whatever you want to call it, we'll be paying attention. I also have to mention big name Sandisk,
Starting point is 00:33:43 a short-selling seller outfit put out something that says they are short because whatever. You could go look it up. It's called Citron Research, C-I-T-R-O-N. I guess you can go on the site. It's free, and you can read about it. You know, we'll see. It was down 29 bucks today, it looks like.
Starting point is 00:34:07 But the stock got up like several billion in the recent past. So a decent amount of jello moving on the plate today. 370 of 800 Dow points. The NASDAQ almost got back what it lost yesterday. But as you know, the NASDAQ remains below the 50-day moving average and has done nothing for over four months. Same for the NASDAQ 100. Same for the S&P, which was up 52 today.
Starting point is 00:34:39 And there's a little bit of your story. Bond market continues to be nice. Oil prices are getting a little elevated, and I can promise you in a few days, prices are going up at the pump. And by the way, that's another thing. I saw a Trump campaign guy today say a $2 oil across the country. No, the average is $2.90. Dumbass.
Starting point is 00:35:07 That's what I hate about these people. Got to call them on the carpet like every freaking day. Amazing. Average is about $2.85, $2.95 around the country. And there are some things down at $2 and I heard like in Idaho with something. You can say that, but stop the BS. I paid what I pay today. I paid $3.3.10 for the middle.
Starting point is 00:35:33 the middle gas, whatever you call that. That's about right. And of course, if you're in California, they screw you. If you're in Hawaii, you pay more because you got to transport all that oil there, and that has a cost. But the guy who runs California just sucks. He's the worst. And he may be the next president because we're all insane. Hey, up next, more on the markets, and then we're gone.
Starting point is 00:36:01 This is the one only investor's edge. Lately, car buying has become a pretty dull experience. But on eBay, behind every car in part is a story waiting to be shared. There was a guy who bought a 2020 Porsche Cayman GT4 on eBay. It was well loved. There are plenty of Caymans in great condition on eBay, but this one needed some work. That's just the start of the story. So after this guy gets a great deal on his dream car,
Starting point is 00:36:46 he rebuilds the whole thing with all these parts he found on eBay, Performance brakes, suspension, body panels, the works, guaranteed to fit. Next thing you know, this nearly scrapped Kaman was out there on the track as a full-blown race car. You're ready to go daily driver, your next Restamon. Hello, Lotus Alon, hand the parts to finish it. eBay has thousands of cars and is the largest online selection of vehicle parts and accessories. eBay. Things people love. Reese's peanut butter cups. They go perfectly with music.
Starting point is 00:37:17 Podcasts. And welcome back to the show. Even nature sounds. Oh, and the thing where someone crinkles tissue and whispers at you. Hello. Look, I'm not here to judge what you listen to. I'm here to judge you for not eating Reese's while you listen to it. Reeses. Ashley, go back to the nature sounds. Nice. Yeah, that's really nice. Cashflow crunch. On-Dack'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,
Starting point is 00:37:53 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 OnDec or Celtic Bank. OnDec does not lend in North Dakota, all loans an amount subject to lender approval. You're listening to.
Starting point is 00:38:18 What are we waiting for? Well, what are you waiting for? One, two, ready, go. In the Gester's Edge with Gary Culper. What else? Oh, speaking of Rush, they just announced, as you know, I'm going to go see them a few times here in the States. They just announced a South American, a bunch of dates, and Europe a bunch of dates in 27. So you're handsome and buffed hose Gary will be going to Europe and what I'm going to do is just go to about three or four dates in Europe.
Starting point is 00:39:14 That's going to be excellent. I think they're playing Amsterdam. I think I saw Paris, maybe Brussels. Those are perfect because those three are real close. You can take trains. Brussels to Amsterdam. Yeah, trains. I think those three were on there.
Starting point is 00:39:34 I'm not going to go, by the way, just so you know, I've never been to South America. I have never stepped foot in South America. And I'm certainly not stepping foot into Mexico again, at least right now. I mean, what the hell's going on there? Holy crap. Dang. They knock out the head of one of the cartels and the cartels go nuts. Anyway, that'd be Mexico.
Starting point is 00:40:12 I'm very impressed with the gold miners. very much outperforming the metal. Good day for the gold miners today. We'll see what happens tomorrow. And gold was down a bunch today. And silver was down. I consider those normal pullbacks. By the way, in case you don't know,
Starting point is 00:40:47 the NASDAQ is still down almost 2% this year. The S&P is flat. The small and midcaps are better. and the some four do you know that South Korea is up 40% this year the ETF at least and why because it is laden with some of the things from there few technology names unbelievable and I never used to play foreign markets and I've never had to foreign markets have underperformed us by huge margins there are some foreign markets right now that are just breaking above their 2006-2007 highs. So they are now on my screen and I am paying attention to them knowing though they are less liquid and if I do decide to play I got to be on my toes.
Starting point is 00:41:45 You know what you have with foreign markets? Some of them at least now. You got government risk. I don't think I'll ever play China again. I think there's too much government risk. I'm not playing any Russian stocks. My problem with China, I still remember when China told their education companies symbols T-A-L and E-D-U, they shouldn't have profits and they both drop 90%.
Starting point is 00:42:16 And then they change their minds. So we'll see. But as I mentioned, gold, silver. Silver much weaker than the gold right now. but silver definitely a higher beta that means it moves a lot quicker up and down versus gold so if it gets going it can get going but without a doubt gold is much stronger at this juncture
Starting point is 00:42:41 and I keep getting asked Gary do you think the Bitcoin is weak because gold is strong and that money's yeah I do that that's part of it I don't care about other reasons because I really don't know Just remember what we've said to you about Bitcoin going up or down. No sales, no earnings, no profits, no product, no services, no offices, no employees. And nobody can tell me what the fundamental backing is. And I told you, they had some macha on TV, and they were asked about what's the fundamental backing.
Starting point is 00:43:17 And he said, because there's a limited supply, and let me just state for you, that is such a doofous answer, but it tells you that's the only answer. and that's not going to be good enough if it decides to drop another 50% from here. So you're welcome, if you listened, especially on the micro strategy, because that dude's insane. I've never seen anybody's stock drops 75, 80%, and he goes on TV and says, well, if it drops another, you know, I'm cool. I think Bitcoin's at 64,000. He said, yeah, we're cool if it goes. He said some to the effect of, oh, we're cool. covered if it goes down to 8,000.
Starting point is 00:44:00 No, he said that. Do you realize if it went to 8,000? It's over? I mean, the dude's a yutz. And I'd say it to his face. Imagine he should be fired as CEO. Any CEO that says something like that? Oh, if it drops 90% from the highs,
Starting point is 00:44:28 we're good. What? What? welcome to corporate America and some of the maniacs on corporate America the opposite of a Warren Buffett it's the best way I can put it anything else sticking out I think I covered all
Starting point is 00:44:52 some of the mega caps bounce today I told you AMD up 17 they had some deal with meta meta is going to spend all kinds of money on their chips but Broadcom no so Broadcom was down Microsoft was up three and changed but that's still down $170 from the highs Tesla was up 9
Starting point is 00:45:12 but Tesla's down $100 from the highs I will say this about Tesla that $390 to $400 looks like real good support a break below there and get the life raft
Starting point is 00:45:30 looks like that's going to hold for now but even Tesla last four quarters earnings down 40 down 23 down 31, down 17, sales down three of the last four quarters. And the comparisons and places around the world, and they're getting their butts beat by the China electric vehicle. So, enjoy the State of the Union.
Starting point is 00:46:01 My State of the Union's more important. That's at 9 p.m. tonight. Check it out at Fox News. So enjoy. You have a great evening. Drive carefully. and when you get home, do like we do, make sure you hug your family, hug your children, they will feel better, you will feel better,
Starting point is 00:46:16 I promise, stay well, be well, always appreciate you joining us. Have a good one. Good night. This has been Investor's Edge with Gary Cult Bomb on BizTalk. To listen to past episodes
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