Investor's Edge with Gary Kaltbaum - What Not To Think About Next Year!

Episode Date: December 22, 2022

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

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 Colbom, your host. A thanks of being with us today. Glad you're here, ladies and gentlemen, happy that you are listening. It's the 22nd of December, Thursday, 2022.

Hope you having a good day. I had an interesting couple of days. Just so you know, I was flying out to New York on Thursday. Then because of weather, I changed it on Friday, and then because of weather I changed it on Thursday. And yesterday, at noon, I spoke to somebody who knows the airlines intimately and said, this was the quote, If one domino falls, many will. I flew out late last night. I am in New York City at my humble New York City offices, and I'm not.

really in my New York City offices because I don't have a New York City offices, but I take my office with me. I have these four screens that travel with me very easily anywhere I go. So we were all set up today doing our thing, watching the market croak and all that fun stuff. Anyway, as we have stated all this week, wish each and every one of you. Merry Christmas. Happy Hanukkah, happy holidays, whatever you celebrate, enjoy it, smile. Enjoy your family. Think of the good things. If you've had a rough year, how to improve it.

If you have the capability, if you have the opportunity, think about doing something for somebody you need absolutely nothing from. It can be big, medium, small, tiny. Just think about doing something for somebody you need. absolutely nothing from. And I did not make up that line. I read it somewhere many years ago. I thought it was like one of the best lines I have ever read.

Besides Warren Buffett's line, you never know what a naked man until the tide comes out or something like that. And there's a lot of that going on. So let's do a little bit of news early. By the way, this is a show about you and everything that affects you. your money, the markets, the economy, your jobs, everything else in between. We do it quite seriously with a little comedy injected when need be. But this year it's been a lot more serious because the markets suck.

And a lot of people have been losing a lot of money. And there's been a lot of corruption. There's been a lot of slees from top to bottom, bottom to top, from the leadership coming out of the White House, the House, the Senate, the Republicans, the Democrats, every single one of them. They all suck. They have proven to it once time and time again. And then there are other things that are going on. So as you know, and we have received, and when I say numerous,

just so you know in my industry, in the business, for somebody to take the time out of their day, to email or make a call to somebody, they just listen to on the radio, that they've never met, don't know intimately, for somebody to do that that really does take a bunch. It's not happen.

It's just doesn't happen easily. Just on the crypto and us telling you when Coinbase came out public and we yelled at you, I mean, we pretty much yelled that day that this thing was worth 20, 30, 40 bucks,

and it was invented it became a company to trade bubbles and the stock would be destroyed. We said the same thing about Robin Hood. It turns out that Robin Hood traders were a bunch of crypto traders and short-squeezed stock traders. Just on those two things, the amount of emails and the amount of emails and the amount of calls thanking

we have people saying hey we live in so-and-so if you're ever here I'm going to take you out for the greatest dinner because I can't begin to tell you how much money I saved just on your words coinbase

the day it came public at 415 closed at 425 and we warned you we warned you this was a 20, 30, $40 50 stock because it was created to trade bubbles.

Robin Hood we warned you the crypto we warned you we even said to you at the end of the road of these bubbles we're going to find out there's a bunch of crooks

in them and now guess what we have found out and I am often asked how did you know No. And I keep answering in simplistic form that it was easy. You just have to study the history of bubbles. And you've got to look at the background of the things that are making the moves. What's behind him?

What is it based on? What is its backing? There's been nothing for all these things. and they've been all destroyed. So we'll let you know how appreciative we are of all the people that have emailed and called us just for thanks. I had one person, he wouldn't give the number.

I think he'd probably save $2.5 million. He wouldn't give the number. He wanted to buy me a gift. I said I can't accept gifts. He goes, you know, I'd buy you. nice car. So you need to remember all this going forward. In particular, this scumbag from FTX, just so you know the news. The girlfriend and the, I think, second in line, they pleaded guilty. They've dropped dime on this scumbag. They're all scumbags. They're all dirt bags. I can't

even say what I'm thinking. The amazing part about this, and it tells you everything you need to know, about these politicians. A bunch of them took big donations, small donations, donations, donations from these scumbags. You don't mind me saying scumbag a few times, right? Because it's the nicest thing I can say. Now, some of them have automatically given back the money. A bunch of them have not. They're actually thinking about it.

This money are the victim's money. But that's your point. politicians for you. Scumbags. Which leads me to the next part of the equation. Do you remember when this scumbag, Bankman Fried or whatever the hell his name is, said he's down to his last $100,000?

Well, the judge set bail of $250 million for him to get out, and he's out. Now, in case, I think I'm right, you have to put up 10% on bail, right? He had to put up 25 million bucks. So now he's a lying scumbag on top of a thieving scumb bag that he put up this money.

And there was some things that they're making him do. He's got to stay at his parents' house. He's got to wear an ankle. Whatever. He's out. How do you let this guy out? I'm using the word murder. He didn't murder anybody, but he murdered people.

Might as well have murdered people. imagine if your life savings are gone because of this scumbag and the two twits that pleaded guilty anyway so that's the news he's out they let him out and here's my problem with that isn't he a suicide risk have you watched the guy have you looked at the guy by the way I've said it a hundred times I'll say it a thousand times

who in their right mind gave him any money I watched them for three minutes on a video and said I wouldn't give him a glass of lemonade. Well, that's number one, number two. How hard is it to take off ankle bracelets and haul ass out of the country? Unless they're going to tell me they're going to keep people at his house and make sure he doesn't go anywhere. Anyway, that was the news today. Two people pleaded guilty. And just to show you how a kind of a sociopath this guy is, he did those interviews with the CNBC guy, somebody else.

he did the interviews he was happy to be a celebrity knowing he was a guilty and everybody had hated his guts and of course as I told you the interviews were a joke they were a joke they got applause for the interviews

up next what other news and the markets I'm Gary this is the one only Investors Edge Hi I'm Gary Kallbaum 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 888-4-22-55-9. That's 8-8-8-5-9. That's 888-4-2-2-2-5-5-9. Investment Advisory Services offered through call-bomb capital management. 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. And what once again to Investors Edge. So the other part of today's news, the other part of today's news, as we're reeling in the years, is the Senate signed a $1.7 trillion thievery of the taxpayer again.

But that's the scam. You know what con artists are going? at right you ever see con artist doing three card money it's just a scam you can never pick out the ball under the cup and they use a shill on the side who's there looking like he's winning but it's really he's a partner con artistry is all about here look at this over here while my other hand is in your pocket stealing your money that's con artistry is all about here artistry. As I have said to you, by the way, we'll get into the markets in a little bit and it was not a good day, but it ended up not as bad and I'll get to in a minute. And we're talking

important things here. As I have said to you, if you're in church or temple and somebody walks up and says, I buy cigarettes in Maine and sell them in California and I make 150% on my money, give me 50 grand, I'm going to double it. It's a scam. What? People make 150% on their money. and they're going to cut you in because they like you. And of course, they use places of worship as the con, because that's where you have such belief. And the list goes on and on. So what's the great con from the con artist in D.C.?

Well, all they're talking about is this $1.7 trillion spending bill, which is a scam. They now do earmarks and both Republicans and Democrats. They're just scum. 11 Republicans voted for this scum. They're not who they are. They're con artists. The real story is that the whole budget is going to be near $6 trillion, everything included, just federal.

When the last year of the Clinton administration was only $1.8 trillion. and one only has to ask a simple question, what the hell is the money going to? And how is it possible they can say to us, we still need more money, we've got to raise taxes for infrastructure. The other part of the scam is a simple number. Depending on which rusty abacus you use, from the year 2000, what are we, 22 years. My guesstimate is our federal spending has been 80 trillion bucks, maybe 90. that's how much they've spent federally yet they are just telling us they're going to get to the infrastructure and the grid and this that and the other thing which begs the question where's the money

and then as we said on the defense department that year was 320 billion they're going to spend 858 billion this year we just found out the defense department was audited by the many and they cannot even account for trillions and assets no i'm not kidding you but let's as give them more. And this is coming from me, a big time my number one rule government is supposed to be defend the citizen rate, but 858 billion. So there's the con. They're talking 1.7 trillion, but they're not telling you about the real story. The big picture. What they have done is grown government into this big gargantuan blob, and every dime they grow it more is less from us. Why? Because they're inefficient, ineffective, and there's enough corruption and giveaways and

handouts and grants. Remember, the whole climate change thing's a hoax. It's money. It's all about money and able to give grants out the people. Just remember all these scientists say, yeah, yeah, yeah, because they're getting tons of grants. Yeah, they give me five million bucks to say this. Oh, Gary, come on. It's not a hoax. Oh, yeah, it is. They swore it was global cooling years ago, and then it got hot. They changed it to global warming, and then it got cold. And they got in the room and said, how do we market this better? Let's call it climate change.

That way, if it's hot, it's climate change. It's cold. It's climate change. And they actually have people convinced that our government can change weather patterns and change the wind and the rain, the heat and the cold and the sun. They have people convinced, of course, by extracting money. Crap loads of money,

not small amounts of money, tons of money. And people have got wealthy beyond their imagination off of this. Go look at Al Gore's net worth. You remember, 17 years ago, we told us in 10 years we were doomed.

Do you think one media person asked Al Gore? You told us 17 years ago in 10 years we were doomed. What happened to that bull crap? Of course not. The hoax is them. Of course there's climate change.

It changes every day. Of course we can do something about the environment. We've been doing it forever. Do you realize there is a green movement? We don't need them to tell us to do it. You do realize we all care about pollution. They don't need them to tell us to do it. They're all about money.

I'm an environmentalist. You know what I don't do? I don't tell you what you have to do and then get on my private jet to go to my yacht like John Kerry does or these celebrities do. They're laughable. They're a bunch of laughable hypocrites. And therein lies everything we've been trying to tell you. And yes, this is all about you and your money because as government grows, you have less of your money. And that's why you had inflation.

That's why you're getting deflation by the interference of all these people instead of leaving us alone. this country was supposed to be about we the people, not we the government, and they're crushing us. And here they go again with another outrageous spending bill. I ask you to take one hour of your time this weekend and go look at what's in the spending bill. And you'll be laughing your ass off. Of course, you should be crying. It's thievery. It's thievery what they have done.

And of course, then there's the big matzo ball. They've spent $31 trillion more than they were supposed. to. Only 31 trillion, yet we still have homeless, we still have poverty, we still need to fix the grin, the streets, and the roads, and this and that. It shouldn't be hard to see through the con. And when I say to you, I got to believe that they're cursing each other out in front of the camera, but behind the camera, they're laughing their asses off at us. I say that sarcastically, facetiously, but I just wonder, you know how wealthy some of it? You know how wealthy some of the people? these politicians are in 180,000 a year? Remember the campaign finance reform? Remember,

that was supposed to take money out of politics? It increased it by a bazillion fold. They lied. We've been conned. We're the marks. Up next market wrap. I'm Gary. This is the one only 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 Colt Bomb. It comes highly recommended. You're going to feel better if you talk to. And just remember, all this is about you and your money and the future.

And your future. All these bubbles are popping because of government. Inflation because of government. Deflation because of government. 08 because of government mixed in with the incestuous relationship with the banking industry. What's next? All right, some market news. Anybody heard of David Tepper?

So many years ago, when the Fed started printing money, he went on TV and said, buy the hell out of the market. The Fed is your friend, and I've never seen them do anything like this. And it's got to be awesome for asset prices. Just close your up. Basically, he said close your eyes and buy. And he was 1,000% right. They put him on TV today, and basically, I really haven't heard him say this,

but he's short the market because he's never seen what they're doing. And of course, he agrees with that. everything I've told you for three years about the Fed. Maybe that had something to do with the market today, I don't know, but also with the market today, Micron. So in case you don't know, Micron is a semiconductor company. And DRAMs, you can go look it up. Dynamic random access memory, whatever.

Revenue is down 47% year over year and they lost money. money. Stock is down 50% from the highs. I can probably a little bit more than that. So when they talk, other companies can listen and the market listens. And there's something called in the semiconductor industry capital expenditures. How much of these companies are going to spend going forward? And then there are these companies that are the equipment makers, the makers of all this stuff. Well, Micron lowered again numbers. And just to give you an idea today, Lamb Research, down $38 today to $409. And, of course, it was $732 in January.

KLA 10 Corps, which is actually acting pretty decently, down $23 to $373. ASML Holdings was down $25 to $5.55. So semiconductors had a rough day. NVIDIA down 12 today. I can go on and on. Some came back a little bit at the end of the day, but a piss poor day for the semi-thenductors. Applied materials down 8% today. And keep in mind, it's a cheaper stock.

That was down more percentage than a lamb research. That didn't help either. But I will say this. Let me just say first, the market wrap is brought to you by. Investment-Models.com. That's Jim Rohrabak, one of the great market timers. No gray areas with the man you're either in or out of the market. It was proprietary indicators.

Go check it out. Investment dash models.com. This is the best Dow down 348 I can tell you because it was down 800. S&P was down 56, NASDAQ down 233, NASDAQ 100, down 279. So it's still a rough day no matter what. The NASDAQ at the lows today, I think, was down 313, about 390. So that came off the lows too, but I really can't say anything great except some areas got defended around the 50-day moving average after undercutting them today. But you know when I use the word chipping away or the ice is getting even thinner?

Because the market is so fragile because so many stocks have bad patterns, because so many stocks are still in bad patterns. because so many stocks are still in bad shape. Every time we have bad days, the ice gets thinner. So all we can tell you, big picture, the NASDAQ, by the way, hit a low of 1033. The closing low of the bear market was 10319. You got that? I take it back, 10308. So guess what the NASDAQ did by the end of the day?

Didn't want to break the lows today. Does it mean it's going to break the lows or not break the lows tomorrow? Who the hell knows? All we can tell you it worsened today, though, by the end of the day, some defense. I'm not sure I can give it more than that. The Dow today, that's been the strongest index, major index, was down today at the lows. 32.573, so it rallied up 450. It was down 798. It actually finished. You ready for this? The 50-day, 32-884 finished at 3302-8, so still finish above the 50 day. So we'll call that an undercut and a hold for now, but it's just the down. You know what we think about that. The fact that the matter is the NASDAQ, is quite below and way underperforming the Dow.

NASDAQ 100, the same. Russell 2000, the same. The S&P by the close today, still finished a little bit below, but is in between the Dow and the NASDAQ and those other things. But let me repeat. Heist got a little bit thinner today. But a nice comeback at the end of today. what does it mean for tomorrow i have no clue i have no clue it's a day before three-day holiday

everything counts to us you know other people say oh don't pay attention it's no you pay attention to everything that happens in the market everything we'll see what the what comes the days ahead let me just repeat ice got thinner today though nice little comeback still down 340 on the day. What was interesting, in the last 15 minutes, the Dow was down 340 and started to sink again. And I'm not making this up. In 45 seconds, the Dow rallied up 100 points at 349. 45 seconds to rally 100 points back up after sinking. But I repeat, down 348, S&P 56, NASDAQ, NASDAQ, 233, NASDAQ 100279, new yearly low, 621, just on the New York and NASDAQ, new yearly highs. I doubt I'm going to find many.

How's that? And as I speak, because I'm ambidextrose, I'm looking them up. Are you ready? New yearly highs on the NASDAQ. And I'm not counting no sales biotechs. I have S-R-P-T is a biotech that loses money. That's what I have on the new high list on the NASDA. No, I'm not making that up.

On the New York, new high list, T-A-L, a China name, G-O-T-U, a China name, T-M-E, a China name, E-D-U, a China name, V-I-P-S, a China name. After that, smuckers, I hear they have good jelly. after that I'm looking I'm looking I swear I'm looking I'm looking

symbol C out and not forget it that's a no sales biotech that's your new high list ladies and gentlemen that's your new yearly high list less than a hand and by the way

a few Chinese ADRs in the education business that are still down 80 to 90% from about a year and a half ago but they are now a yearly high because they stopped going down

over the last year and now turning back up. And that's it. I swear. So over 600 new yearly lows, that is your new yearly high list. Yay. I wish I had better things to tell you. And I'm always asked,

okay, Gary, I'm being told you can't time the market from people who can't time the market. How are we going to know? It's simple. Bull markets have one gargantuan characteristic, and all you have to do is identify it. Up next, we'll tell you the characteristic.

This is the one on the investor's edge. We'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 Culper.

So, I'm in New York City. It's 43 and rainy out. Windy. Tomorrow, it's going to be 12 degrees. And windy and rainy and possible snow. Saturday, the good news is the sun's going to be out at 15 degrees. What the heck am I doing here? Now, to be fair,

Florida's getting a cold, a cold wave this weekend also. But not like this. Thus, I live in Florida. I visit New York City. Seriously. So I said to you, I always laugh when you get these people on TV. You can't time the market. Just remember the people that say that are the fully invested people that never see

bare markets coming. Don't want to see bare markets coming and always bury you in bare markets. Well, they're lying to you. They know you can time the market. They just don't want to work in it. You see, it's pretty easy just to go buy somebody, a hundred stocks of all kinds of differing sectors, and just sit.

That's not managing money. That's an excuse for laziness. And of course, they live by the bull market, but they die by the bear market. And they never change their stripes, get on TV and put down somebody like myself and some other great people that measure the markets and say you can't. But we've proven it time and time again here. Of course you can. He's got to work at it. And really, all it is is studying the characteristics of bull and bear markets. If you wanted

to be a great home run hitter, who would you pattern your swing after? Aaron Judge, or somebody hitting 2.10 and eight homers. If you want to be a great free throw shooter, who are you going to pattern your shot after? Let's see, who's a great free throw shooter? Steve Kerr, who's now a coach, or I guess he was just canned. Or Dwight Howard, who used to play for the Orlando Magic and shot like 50% from the free throw. Oh, you're going to pattern yourself after. it's called studying the characteristics of success versus failure.

And we've discussed time and time again the characteristics of bull and bear markets. And, you know, sarcastically on TV every now and then I'll say, here's how you know you're in a bull market. Your stocks are going up. And here's how you know you're in a bear market. Your stocks are going down. And you know where you're in a real bear market is when they go down and they keep going down. but we're just letting you know the one characteristic that stands above the many is when you get

great growth names breaking out to new yearly highs and they stick. As we've said to you for the last bunch of months, anything that broke out is basically failed, and that's one of William O'Neill's lines. In bare markets, breakouts fail. So we know that. In bull markets, they don't. And not only do they don't fail, they go up. And the strong ones will go up like 20% in days.

And then what they'll do, they'll retrace. Stock will go from 100 to 120. And then it'll retrace down to 115, maybe 112, and sit for a bit. Let moving averages catch up. Oh, and then it goes to 135. And then what happens? Six more stocks in the group, that sector, break out also. What a concept.

The group moving. And then what happens? Oh, joy, another sector, eight stocks break out. And succeed. What a concept. And then I can wake up every morning, or actually at night, and look at the new high list and say, man, there's now 150 names on there and look at these names. Oh, and here's another 50 names setting up the breakout. Oh, in the next week, 30 of those 50 breakout and are

actually sticking while the first stocks that broke out are up 40% from the breakout. Oh, what a concept. How hard is that? Do you think of any of these dimwits that say you can't time the market would ever spend their time doing that? No, you know, what they're spending their time doing. You got to own a broad-based part of the market. We own 5% of energy, 5% of retail, 8% of economically sensitive, 9% utilities while we are tapping into the strongest growth stocks with the strongest earnings and revenue growth, groups that start out, get moving and then get on fire and then watch how more and more and more and more do it and more and more and every card coming out of the deck is two steps up one step back and how hard is it just to

know this and be observant on it every day those are the that is the greatest characteristic that's how we're going to know we have gone from bear market into bull market. So stay tuned. We're already ready for it, but no, and we think there's more downside first. But we'll be ready. Stay tuned. You all have a great evening drive carefully. When you get home, do like we do.

Make sure you hug your family. Make sure you hug your children. Stay out of the bad weather. Enjoy the holidays. something for somebody you need absolutely nothing from. And until tomorrow, I'll be on with Neil Cavuto, Fox Business Network, anytime between noon and two,

and we're back here at the same time. Thanks for joining us. And did I say hug your children? Yeah, make sure you hug your children. Good night, all. Take care. Bye-bye. 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. Thank you.