Investor's Edge with Gary Kaltbaum - Whipsaw Day!

Episode Date: June 1, 2022

More Info At: http://garykaltbaum.comMore

At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at cvs.com or just come by store. We can't wait to meet you. Store hours vary by location. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Coltbaum. And welcome once again to Investors Edge. I'm Gary Colpom,

your host day. Thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's June 1st. Today is another cold and flu edition of Investors Edge, but non-COVID cold and flu edition of Investor's Edge but as you know when I get one of these man do I get it I don't know if it's a flu or viral you ever get one where you just feel like somebody took

a boulder and hit you over the head that's what I got but throughout the day I feel better uh anyway the big thing now everything is COVID or non-COVID when describing these things. Hey, ladies and gentlemen, this is a show about you. Everything that affects you.

Your job, the economy, inflation, the markets, your money, and all points in between. We're dead serious about every dime you have whether you are or not, and we hope you are listening. We certainly have not let you down during this. market time have not let you down in the spare market where she stops nobody knows a few things Johnny Depp got 15 million a 10 and a 5 she got two million but from the agent and that's that have I thrilled you yet I hardly watched any of it but the 15 minutes but the 15 minutes I watched, something was up with her. That was just my take. Felt to actressy. Anyway, it doesn't matter what I think. Next, Salesforce.com. Why am I starting with this? Because of misinformation. Very important that you guys are

informed and informed correctly. And I want to start with this because it was reported today. that Salesforce.com had great earnings. I'm like, what, huh? And it was reported by more than one out of it. The earnings were down 19%. The earnings were down the quarter before 19%. The earnings were down 27% the quarter before that, and the earnings are only up three a year ago quarter.

The guidance for next quarter has earnings down over 30%. Now you know why we cover the... arces. The reason why they said they were good earnings because the stock had gapped up. But as usually they didn't do their homework and knowing the stock was already down 50%. And every now and then you'll get counter trend rallies. Next. Facebook. I'll never call it meta. And huge mistake. Huge mistake changing the name. And I hear the change in the symbol now to META. Cheryl Sandberg is stepping down his COO. She's been with him since day one.

She's made a billion dollars and now she's out of there. By the way, she went to my high school in case you didn't know. Which means absolutely nothing. Facebook's been to bear market. We left Facebook ourselves. We're just tired of it. We'll see how it plays out. Bare market.

Next. You know my son's name is. Eric. He got a mail today. Please contact our offices at phone number within 10 days of receiving this notice regarding the adjustments of your credit accounts. It then names Bank America City Group a few others and it says if you have an account with these or other lenders you may be entitled to a settlement of your outstanding violence. Then in bold letters, failure to respond. Failure to responding making your minimum payment will like result in interest accruing on your unsecured credit balances and unreasonable rate. And then it goes on to say at the bottom, program example,

credit balance, in other words, it's a freaking scam. You know, I'm not a violent person. We should be able to find these people that are pulling these scams. What's that dunk tank? Get a dunk tank. but 20 degree water. I mean, these scams are so, they're proliferating in so many things. You know, I don't get any scams anymore on the coins because they crashed. I don't get any scams anymore on marijuana.

They crashed. They just find hot buttons. You know what the newest hot button is? Credit card usage is surging. Catching the drift? How to do that too. And that's for starters. We have received more emails in the last month than pretty much in the last year.

Combination of a couple of things. A, we made some darn good calls and have separated ourselves from the pack on TV. I never used to get any calls from my appearances on TV. They don't stop now. And the reason being is what we have told you forever. The first thing Bill O'Neill said to me when I met him in Boca Raton, Florida, they were hawking their newspapers at the time, Investors Business Daily. It was a free meet and greet with David Ryan and Bill O'Neill.

The first thing he said. and it's a paraphrase phrase but it's close Wall Street's always fully invested always so when bare markets come around that was a cough when bare markets come around if you are one of the very few

that understand them read them know him get the hell out of the way you'll be better than 99.99999999 99% of everybody else in the industry. So we sought out every bare market. We've gone backwards with our software, every bare market, and studied every bare market. The one thing we couldn't do is go back 50 years and get a feeling for the masses and sentiment, but we certainly can get price.

and through the years we came up with our own mottoes, mantras, themes, disciplines, and man, they're working again in real time. We did it in 0809. We did it at the top of COVID. We are doing it again now. All the rules we have told you about on this show in our award-winning webcasts are happening in

real time. It starts out with one thought process. We don't know how far it goes, how long it lasts. We just know how a bull market acts versus a bear market. And when we scan 1,500 to 2,000 names every day, we build up what we call the weight of the evidence. Every now and then we've simplified things for you here, where we would say to you if there was 100 stocks in the whole market and our 100 are uptrends, well, you got a bull market. What if the 100 turned to downtrends? Up next, we'll keep going. Thanks for being here. I'm Gary. This is the one only Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializes.

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 8-8-8-5-9. That's 888-4-2-2-5-9. 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's 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.

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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.

Well, I must tell you, I was only on TV today. I was only on TV today for a few minutes, but now I'm doing radio. And, man, my voice is just cracking quickly. I now have a Ludens cough drop in my mouth. And let's see if I can make it through. So, let's work our way through Bull and Bear Markets. Number one, listen carefully. Nobody wants to believe this.

It's been proven again. In bare markets, past leaders of the prior bull market on average will drop 70%. What? What? Past leaders on average will drop 70%. And in real time, you have dozens and dozens and dozens and dozens of stocks that were leading into 2021 down near those levels the mega caps normally will not be down as much but i got news for you netflix is down 72.5 as we speak uh facebook 51 may not be 75 but it's still 51 people never believe that

Because let me explain human nature. What has been working must keep working. There's no way. Netflix can drop 72%. No way. Yes way. How do we know this? We've gone back every bare market.

Stocks, companies that lose money. It doesn't matter what they sell. or how much they sell of it. If they lose money, valuations will go coast to coast, because there's nothing behind it. You need earnings. Just like we've told you all long about these coins, they're all going to be crushed.

We said two years ago 90% of the coins will drop 90% of more with most going to zero. Why? All ask yourself a question. What backs them but somebody paying a price for that coin? Seriously. Seriously. Is there any value behind them? Any sales?

Any earnings? No. It was a bubble. And when I really knew is when they came out with this doji coin and they ramped it from nothing to 70 cents. maybe even more than that I knew it it was done as a lark it's eight cents now and try selling companies that lose money will get taken apart they've been taken apart valuation measures in bull markets are much different than valuation measures in bare markets and in bare markets and in bare markets just when you think something is cheap because it's down 50 doesn't mean it has to be cheap in bare markets we let the market decide what's cheap by putting in big bottoms and

turning those stocks up into uptrends companies with no sales froth speculation like Wall Street foisted upon you as much as a 100%. You know what the SPACs have done, right? Murdered. Bare market rallies are noisy. You know what they provide? It provides dour investors hope that the worst is over. And due to the fact that Wall Street is always a fully invested vehicle, guess what they're telling you? this is it, but they never saw the downside coming. So why would we listen to them on the upside? If I had a dime for every time we heard the bottom in this bare market, I'd have a lot of dimes. And it's the same people coming at you too. You have to let the market decide. Or else, or else.

in bare markets, surprises will happen to the downside. Simple as that. Surprises. Now, I know we've had some different surprises recently because of a little counter-tren rally. But a stock dropping 50, 60%, and rallying up 10% on earnings, still in a major downtrend. And may I state for the record, what we do is not, not easy. Up next, I'll explain that. This is the one only investor's edge. 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 higher 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. 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. 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 dim or dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. Cashflow crunch. On-Dex 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

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With Gary Coltbaum. It comes highly recommended. You're going to feel better if you talk to him. And welcome once again to Investors Edge. In bare markets, the bad news usually comes out later. You get that? For example, my number one worry right now is earnings reports. And V-Vidia, stock has rallied up a little bit on a not a great earnings report.

So did Dick Sporting Goods, today's Salesforce.com. These aren't great numbers. The reason why they've rallied up is because they've gone down so far, and we're in the midst of this little counter-trend move. Do you know what they're going to do to the blow-ups in this coming earnings report? I wonder about the factoring in of much-hot-a-old. oil prices. That's number one. Remember, big corporations have to deliver things. It's a cost. Diesel up huge. Flying airplanes, huge. Factoring in higher interest rates. Factoring everything

has a higher cost right now, except the stock market. And I am just wondering what's going to come out of these earnings reports. When I was in New York City recently, I had a driver take me from Fox, and we had a conversation. He said to me, I don't even know what discretionary spending is anymore. Think about that. One statement of one person, we'll see. Credit card usage is skyrocketing. The savings rate is plummeting.

We're just reporting facts. I don't know what you think, but logically, that's a problem. The consumer is a huge part of the economy. So we're just wondering is that all this down in the market telegraphing of the shape of things to come, not just what's happening already. Those are some of the rules. And then there's the plain old roadmap. We always say to you, if you live in Miami and you want to drive up to New York, the roadmap is simple.

Get on 995 and duck all the ass clowns driving 110 miles an hour in their stupid Ferraris that they owe a lot of money on and just want to look cool. Are they the worst drivers down in Miami or what? You go I-95 up to New York. It's a roadmap. And of course you can put it on a GPS in bare markets. Stocks have a specific GPS it follows. And we're damn good at interpreting it. That's all.

Simple as that. And you have to be wary. I believe we mentioned yesterday that famous whatever financial guy on that channel brings on some technician to say, oh, we're going to rally all summer. The charts look great. They look like crap. So you've got to be careful. Who you're hearing from?

When we do our scans, we do them with no bias. So as I said going into commercial, here's what I do tonight. After I'm done with radio, we will scan every chart, starting. starting with the highest volume name, average daily volume, and work our way down to 250,000 a day. And it doesn't take long. And we were able to stop the software any time to look something over. When we're done with that, we already have a darn good idea of how many uptrems versus downtrends, bull versus bear. And then we'll go through sectors.

There's about 50 semiconductor names we look at. Take me a minute and a half. 50 financial names, minute and a half. The Dow 30, 10 seconds. And we get a good idea of what we are living in. Versus you got to think long time. it's a good company you know

Netflix is a good company it's down 72% from the high do you want a good company or a good stock it's as simple as that we do that every night we scan throughout the days

and of course on weekends and due to the fact we know what the roadmap looks like of bull and bare markets we have a good understanding of where markets are. And when we tell you the only game in town is energy, some shippers, some commodities,

and a smattering of other stuff, with everything else in bear markets, it's meaningful. And that's how we roll. And we really don't pay attention to anyone else because the fully invested people are of no help. they can't tell their clientele's they're bearish then why are we fully invested

oh because that's what we do wait a minute I don't want to lose money you think we're going lower but that's what we do so they're no help and when all said and done I circle back to what O'Neill said to me the first time I ever met him and I made sure of it

and the problem with bare markets is what I told you a long while ago there were a lot worse than ever before because of these clowns at the central banks, creating massive bubbles and distortions. When I tell you, 6% of the NASDAQ down 90%, 22% down 75%, and 50% down 50%, those are facts.

Those are big losses, and they're very tough to come back from. A 50% drop has to get you, you have to get 100% back to even. How many 100% winners have you had? And that's why it is so imperative to understand bull and bear markets. What they look like, what they act like, what the reactions are to them. And if you're able to do just that one thing, you're killing everybody else. Up next, today's market. Let's call it Wipsaw.

I'm Gary. This is the one only investor's edge. 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. apply. Need to hire? This is a job for indeed sponsored jobs. 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. OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team or bridging cash flow gaps, On Dex loans up to $400,000 make it happened fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, On-Dec delivers funding you can count on. Apply in minutes at OnDec.com. Depending on certain loan attributes, your business loan may be issued by On-Dec or Celtic Bank.

On-Dec does not lend in North Dakota all loans and amounts subject to lender approval. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In The Vestors Hedge. With Gary Kolt-Bunk.

When I was a kid, I used to live on Ludens cough drops, and I'm on them today. And there was another one with the soft cough drops. I forgot their name. Smith Brothers, maybe. And they got caught in your teeth. I used to put five in my mouth at a time. Don't make fun of me. You all did also.

Anyway, I'm on Ludens. They're so good. I wonder if they really work. I don't even know if they work. Active ingredient. pectin for temporary relief of minor discomfort and protection of irritated areas and sore mouth and sore throat yeah right

whatever you say I am addicted to them today's market wrap let me let me just state it was all over the map it was up big early it was down big midday and I can tell you for a change in the last five minutes, the Dow dropped 170 points, to finish down 176.

So today's market wrap is brought to you by Investment-Models.com. That's Jim Rohraback, 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-dashmodels.com. On the open today, let me get this right 272 187 the Dow was up 280

and then it was down 400 by 1 o'clock then it was up at 345 finished down 176 that includes Salesforce.com being up about

100 Dow points so there was weakness and even when the Dow was up with a few minutes ago advanced the client not good today. S&P down 31, NASDAQ 87, NASDAQ, 193, and that's with a better bid in like an Amazon. Sox down 50, transports down 106. Oils, yesterday we said to you, you had one those big,

high volume reversal days to the downside, that probably we've seen the high for this second, does not mean they're not going to eventually go higher. Most of the oils finished up today and in the middle of yesterday's bar. What do we mean by that? Let's say something traded, hit 108, closed at 102,

the reversal down, went to 104 today, up a couple of bucks. And we'll see what comes of it. Oils remain above the 50-day moving average. When I was scanning today, my what I call stuff page, gross. A retail? Terrible. Growth medical? Terrible.

Airlines, cruise lines, casinos, terrible. Even the consumer staples, terrible. Bad day for financials, bad day for restaurants, bad day for economically sensitive, bad day for travel, bad day for semiconductors. bad day for semiconductors. Not a good day for the higher beta growth arena. And a bunch of Dow stocks still act like crap. So could have been worse, could have been better, not a very good finish. We still qualify this as a bare market rally of unknown price and time with a lot.

of warts and that simply means most charts after big drops are rallying from seven to two on a clock that's usually not very good that is a roadmap of bearishness the central banks didn't shut up a shut up again today my other worry let let me they don't know what they doing? They don't have a clue. I've told you for ages. All they know is to create another credit card with a higher credit limit to pay for the last one. Enabling massive debt, massive leverage, massive bubbles that have popped, screwing every saver, creating the worst wealth inequality in the history of the world. And they're still running the show. And they don't shut up. They've been wrong, woefully, and they don't shut up. They're egomaniacs.

And they don't shut up. I'm worried. One of them's going to trigger something really bad. It's a worry of mine. They don't shut up. And I repeat when I say this, they really do not know what they're doing. They really don't have a clue.

Janet Yellen, the Treasury Secretary, who we loathe here, nothing personal, said, yeah, we were wrong. Oh, great. All they had to do was, listen to Investor's Edge or watch me on TV. But their driver fills the gas in their Bentley, and their butler buys their truffles at the store. So they don't know what the hell is going on. And I'm not going to take the time to mention what, but some of the crap coming out of their mouth,

my goodness gracious. I weep because I don't know what's coming next. Wish I had better things to say. Tomorrow is another day, but man, oh man. You have a good evening drive carefully. I'm going to go get some rest and take more Lutins. And when you get home, do like we do. It's quite simple. Make sure you hug your family. Make sure you hug your children.

They will feel better. You will feel better. I promise. Tomorrow 9 a.m. with Stuart Varney. And we'll be back at the same time for radio. Have a good night, everybody. This has been Investors' Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com.

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