Investor's Edge with Gary Kaltbaum - Whipsaw Week In Review [02.16.2024]

Episode Date: February 16, 2024

https://garykaltbaum.com/

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VALA through 327. Selection varies by location. All supplies last. 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 Colpom, your host.

Thanks for being with us today. Glad you here, ladies and gentlemen. Happy that you are listening. It's Friday. It's, I got to figure out what day. The 16th. No, I really did know. It's 2024.

And we have a three-day weekend coming up. And I must tell you, I am glad it's a three-day weekend. I love the markets. I love being in the markets. I love dealing with the markets. But also, I like to rest every now and them. And with a whipsaw week, why not? Ladies and gentlemen, this is serious talk with you.

about you and everything that affects you. The economy, jobs, markets, unemployment, taxes, deficits, debt, spending, out of control, D.C., foreign policy, logic. I call myself Mr. Logic because you become logical when you see things. clearly and you have no love for any of the characters that are out there. We throw a little comedy injected every now and then. Right now, not too much. And if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it on our Twitter feed, which is now X.

And if you don't follow us on X, you maybe should go there and put our name in. You can email me, just be nice. No, I am not a communist. No, I am not a Jew boy. You get that every now and then. I want to start out with three things that I noted today. And I promise to get right into the market because we had one of those occurrences that hardly ever happened. And we have warned about it in the last day or so.

But first, I don't know if a lot of you know Alexei Navalny. In case you don't know, he was in opposition of Vladimir Putin. In case you do not know, he started a movement to get rid of the dictatorship and the destructive force behind an ex-KGB agent, Vladimir Putin. In case you don't know, he was poisoned several years. back and should have died but did not. In case you do not know, amazingly, and I think stupidly, went back to Moscow knowing he was going to be arrested for nothing. They made it up, and they arrested him as soon as he got off the airplane. And he has been in prison since. They

moved him to a real nasty prison in the last couple of years. He died in the last day. murdered, died, whatever, murdered, dead because of Putin. All the guy ever did was want to get rid of Putin and put somebody else in there. Just by coincidence yesterday, I talked about these idiots that would kiss the royal butts of Putin because of one man running for the president. that seems to be kissing the guy's butt. And in case you don't know, this man would stomp on, Putin would stomp on you, kill you, destroy you and your family. He's trying to take over a country. And you had this useful idiot.

You can go look up who was in a supermarket in Moscow in the last few days saying, oh, look at their prices. What a schmuck. And I would say it straight to his face. Well, that same person had to backtrack a little bit because of Navalny's death. We're just letting you know, think logically. This country was built on We the People. It's built on freedoms. When I see Bernie Sanders kissing the ass of Cuba and Cuba health care, it gets me sick to my stomach.

When I see whoever kissed of the castros and talk about their health care, sick to my health care. sick to my stomach. They have destroyed that country. They have destroyed all hope. They're driving cars from the 50s. They took it over. They steal everything. You can't do anything.

You can't be anything. And there's many countries, Venezuela, from Chavez to Maduro, try walking the streets of Moscow and with a sign. I said this yesterday on this show saying, We need to get Putin out. You'll be missing. Anyway, there's been some, I should read about Navalny.

I always, what are you going back to Moscow for? If you're trying to do something about it, do something not there. Just so you know in China, go look up Jimmy Lai in Hong Kong. They removed him. Journalist.

By the way, his newspaper was called Apple. Not Apple, the Apple, Apple, but Apple. they put them in jail I'd be afraid to walk into Hong Kong I'm one of my favorite cities in the world so when I hear a certain presidential candidate kissing the royal butts of these people I want to vomit

absolutely vomit these people the worst of the worst of the worst do not believe in freedoms do not believe in free speech do not believe in upward mobility they will stop on your head yet somebody running for president continues to kiss their butt. Speaking of that guy running for president,

as you know, I can't stand Trump. There's nothing I like about him. But we're fair here. In case you don't know, Trump was just found libel for 350 million bucks. There was a case in New York about his real estate and how he would price his real estate in order to get loans. And they're saying he committed massive fraud on pricing and this, that, and the other thing.

Let me defend Trump. If this was a friend of New York and the judges and the DA, this would have never been a case. this DA, before this all came about, stated on video, she was after him, before even looking at anything. The fix was in from day one. I will tell you, in the world of real estate, it is very often that people will overstate price on real estate. Do you know how it's fixed? They are told to fix the price on that real estate that it's too much.

There are no big judgments, no big this or that. The fix was in. Simple as that. And I'm not saying he shouldn't pay some sort of price for a couple of things, but this is a joke. And I guess they're saying no business for three years, their sons, his sons for two years. This is a joke. My message to you, don't piss off people. in New York.

They're about as the most pro-business city in the world is about as anti-business because of select few people.

Trump got railroaded in this case. I repeat, this case would never come to fruition if it was a friend of. Unbelievable. Just unbelievable.

Next, a little segue. Jeff Bezos. Did you know Jeff Bezos moved his residency from Washington to Florida? Do you know Washington put a 7% capital gains tax on anything above 250,000 in the markets? You already pay a federal capital gains tax. The state of Washington decided to give a middle finger to people that, oh, how dare you be successful and make a lot of money? We're going to extract 7% from you.

Well, Jeff Bezos gave him the bigger middle finger back. Move to Florida. Just sold $6 billion worth of his stock. I gather there's a low cost. Let's just use 7% on $6 million and say $420 million. That he saves. Interesting. The utter stupidity of these states and their high taxes.

Think about this. Florida has no state tax. No capital gains tax and runs a surplus. Think about California. Has a huge state tax, a gargantuan gas tax, and is running a big deficit. Why would that be? What they do is they abuse their states. I will tell you that California is a beautiful state.

It's a gorgeous state. We'll put a bow tie on this bad boy, and then the markets. Up next on this, the one only investor's 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, will 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 888-4-22-5559.

That's 8-8-5-59. That's 888-4-22-55-59. Investment advisory services offered through call-bomb Capital, management. 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. Here the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means

your stack and your rewards. Nice. Get up to 5% cash back with Venmo stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment, and more. Pick a bundle with your go-tos and start earning cash. Back at those brands. Do more stash, get more cash. Venmo stash bundle terms and exclusions apply. See terms at Venmo.com. Max, $100 cash back per month. 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. I'm here to judge you for not eating Reese's while you listen to it. Rises. Ashley, go back to the nature sounds. Nice. Yeah, that's really nice. 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, one of my famous business mantras

remains. If able, people, business, and capital will flock and flow to places they are treated best. And due to the fact that the wealthy, most of them have worked very hard to get where they are, they add up the nub and say, screw you, buddies. California, complete abuse of the citizenry there. They're so lucky what these morons run in the show there, they know how great it is there. I don't know if you ever been to California, but just drive the coast. Go to Carmel, San Diego, gorgeous, the Redwoods in Northern California, wine country.

San Francisco, a beautiful city. But no, the people running the show suck. Nancy Pelosi, as I tell you, never gets interviewed about San Francisco even though it's our district and it's going to hell. Gavin Newsom's going to be running for president and he's basically destroying the state. The abuse. It's a sheer abuse. And not to they really lose a ton of, and they've been losing a good amount. But there are people that, I can't leave, I work here.

I make my bones here. But plenty that are able to are gone. You read about celebrities, they're gone. Athletes, they're gone. Wealthy, they're gone. Same from New York City. A bunch of them have moved to Florida. So Bezos just save 400 million bucks on 6 billion of stock.

400 million. 7%. Approximately, give or take. Smart man. And do you think Washington even considered that Jeff Bezos lived there?

Who's worth $190 billion created wealth beyond imagination? Nope. 7%. And there'll be others. It's the nature of the beast. It really is.

And it's nothing to do with greed. It has to do what I talk about here. Logic. What the hell am I staying here for? I'm going to give them $400 million. What are they doing with it? What are they doing with the money? I'll tell you what they're doing.

They're abusing it. And that's the start of the show. If I have anything else, I want to start off. We've been talking about this super micro. It's a stock, SMCI. It has gone insane to the upside. We explain that these things end on what called climatic runs, and they end with a needle.

A needle, what? Well, when you chart price, they end up with a needle at the end. They go straight up like the Elephil Tower, and I think I actually use the space needle on this show. Yeah, the space needle, I mentioned it to you. The needle happened today. And I'm wondering if there's repercussions. Not sure. Just wondering.

Super Micro broke out recently at 360. And in one, two, three, four weeks hit a open of 170 today. Now, I don't usually talk about relative strength numbers and stuff like that. But the relative strength number went as high as GameStop did at its high. the day it hit a high but I didn't need that I just knew we were close well on near the open

I'm going to think it was on the open basically on the first bar of the open hit 1,075 closed at 800 today what a stock went from 175 to 800 yeah

it did a climactic top for now does that mean it doesn't go to 5,000? We didn't say that. Odds favor, it's down for the count now. When you have a chance, go look at it, print it out, because that's what they look like. And may I state for the record, that sucker dropped from 1,077 to 870 in like 15 minutes. that is what is known as the balloon blowing up to as much as it can blow up and the air coming out quickly.

Simple as that. Which has me asking the question, and it's a good question to ask. If it's the strongest stock recently and it tops, What does that mean for the weaker? That's a darn good question that I've already answered to myself by saying, I'm going to take it stock by stock. That's all. Just going to take it stock by stock as we move forward and take it from there.

Now, next week, I believe, let's see, we're off Monday. Tuesday Is it Tuesday or Wednesday? I think I thought it was Tuesday, maybe it's Wednesday. After the close on Wednesday is a little stock called Nvidia.

We'll see what happens then. We personally that bought it at the original at the 505, right around 505. It's currently at 725 in six weeks. but we sold down some just in case. We'll probably keep the rest,

notwithstanding if something happens Tuesday, you know, if the market means something. So when you have a chance, go look at the chart of Super Micro. Go print it out. Another climactic run. Qualcomm did one in 99. GameStop did one.

Tilray did one that was one of the marijuana stocks at its high. and some are much more steep than others. Some had bigger gains than others. And I'm pretty sure if memory serves me right, maybe Bidu may have done one a long, long time ago. I'm not 100% sure on that one. I'm going to double check. Anyway, again, we're posing the question,

if the strongest name. If, we'll see what happens. The market? Well, this week was a whipsaw week. On Tuesday, I thought, man, I think we got a little change of complexion. And on Wednesday and Thursday, it gave me the certain finger. I may be right. I'm not sure.

We finished down 145 today, S&P 24, NASDAQ 130, NASDAQ 100, 159. Transport's 277. I've yet to do any scans. I have yet to do any work. But one of the issues that we're following is the 10-year yield has stuck. The 4.2% little breakout. Another inflation number came out today. It was a little bit on the hot side. Everybody's talking, oh, now the Fed's not going to low rates. I don't care about that. I just watch the market. Up next, what else on the market? and whatever else out there. I'm Gary. 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 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 fast.

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

So, Y-O-Y. are these interest rates important? It's because A number one, B number two, C number three, D number four, E number five. Look how I can do that. The markets followed them, almost to a T. Now I will state for the record that a little less so recently. I would have thought the market would have been much worse by now, with rates going from 3.7,000, for two and change, but it has not. So maybe it's loosening its grip a little bit. Maybe. But we do know fundamentals. Fundamentals. And they're pretty simple, pretty logical. Interest rates up, the cost of the mortgages go up. Interest rates up, cost for auto loans go up. interest rates go up the cost of capital for companies go up and if they have to float debt they have to

pay more if they have to pay more guess what eats into profits if you eat into profits you affect stock prices as well as the businesses just one plus one equals two on top of that the banks as we know because of the Nimrod, Jay Powell, rigging and manipulating the markets and playing God with the bond markets taking rates down to zero for too long to where the 10-year yield. The 10-year yield was paying like three-tenths of a percent at the lows, that these banks had all this cash and they had to put it in the bond market. They had to go very, very long in it. And guess what happened?

interest rates went the other way. The bond market croaked because J. Powell, the Nimrod, couldn't print money anymore, and they lost their rear ends, and that's what started the prom with the banks. And then J. Powell came in with no money saying we're back stopping you,

which actually worked and stopped the bleeding. But a lot of these banks have monstrous losses on the books, though the good news, as long as they hold to matured. They get all their money out, but maturity is many years from now. And of course, the extreme is Austria was able to float a 100-year bond at 8 tenths of 1%. And I hear it's down like 50%. So in other words, you're screwed.

Smart on Austria's part, no doubt. You have to lift 100 more years to get your money out. So this Nimrod distorted everything to where a lot of these companies, these, the banks, are quasi-bond funds, and their prices have been moving with the direction of interest rates, so we'll watch that too. That's another part of the equation. And then, of course, there's oil prices. And the good news is on oil prices, well, they haven't done anything. In fact, oil prices are where they were in March of 22. They went up, came down, they're just sitting around now and that's actually we actually like a little bit of stability we'd rather

have oil prices crash but stability's not bad got to watch oil prices why well you got cost the capital up course the energy those are the two big matzaballs but the good news is we're hanging in there and that's okay to be watched so just letting you know there's a little bit of you know the interest rate thing, the interest rate thing, and we'll be on it, we'll be on it. Simple as that. But the one thing sticking out, the one thing sticking out is the strongest AI stock, climactic top today. And I'm just asking myself, hmm, hmm. Hmm. and we'll let you know. Again, we're going to play it day by day.

Of course, Envidia will be on... And that acted fine today. In fact, it was up most of the day. And lots of cushion, but cushion can go by the wayside. And no, Nvidia has no look of a climactic move. It's been simply a little process of strength. But I'll be wary, based on... evidence at hand, which is starting to tick up a little bit, just a little bit. And remember,

throughout all this in the market, sentiment has gone to extreme complacent. We want the opposite. And that's the other part of the equation we're going to be watching. On the good front, as we back and forth here, a lot of great reactions to earnings. And these are the names we're going to play off of or at least try to in the months ahead. Companies that issue strong earnings in revenue growth, beating estimates, accelerating their numbers, have our interest at all times. And there's been a bunch. Today, I've got to tell you, a couple of restaurants I haven't bought, Texas Roe, House, up 10% today.

Strong earnings and sales. Wing stop. That's another one that's had a good move. Strong earnings and sales. We already know about Chipotle. So you've got some restaurants going on. I may have to visit them. I don't think I've never been to Texas Roadhouse.

I don't think I've ever been in a wing stop. Have I? No, I don't think I have. I may have to visit. why I want to see what's going on there and then there's other names well you know about Eli Lilly and the drug by the way they're coming out and stating that a certain percentage there is a definitive number that people that are taking the Ozempic and the Wagovi and stuff are eating less and especially the less of the you know the chips and the dips and the chocolates

and the cakes and the candies and all that and that's a affecting them some. Remember, little 1 plus 1 equals 2. So Eli Liliacs well. Ferrari gaps up. We mentioned Chipotle. EcoLab gaps up. Waste management in the haulers of waste.

Applied materials today, though it came in pretty good by the clothes because the market stunk. These are the names, some of the names that we haven't bought yet. because once they gap up, you just got to hang in there a second. But these are going to follow. Why, as we do our studies and go back through every bull and bear market, it's those great earnings reactions that win the day. Not all. Of course not all.

But our job is looking at a photo album for familiar faces, know the characteristics of good, bad, and all that, accentuate the good, avoid the bad. And as we tell you, when we say it under no uncertain terms, we're never going to own bare markets, we're never going to own downtrends, we're only going to own uptrends, doesn't mean we make money on everything. But when wrong, Bill, wrong fast and wrong small. When right, try to let them run, which is the hardest part. Just so you know, if I had owned SMCI and I've been crying every day about not, because I've told you I missed it, it would have a cell today breaking below 1,000. That would have been the big break below that I would have been

out. And boy, would I have to be quick. Because that bad boy was on the bar that it broke 1000, it went from 120 down to 921. That's a five-minute bar. So that's how we roll. We test ourselves in or out. Won't go further than that. Markets still in good stead. Some warts. Finding some names breaking down badly. Adobe, very important software named Croke today. Apple finishes below a little bit.

It's 200-day moving average, relative strength heading south. And there's plenty of others that we will avoid. Why? The study of the characteristics of bull and bear markets. keep us out of downtrends, bare markets of all shapes and sizes. And as you know, we miss the whole bare market. Up next. Adobe.

I got things to say about that. Big picture. This is the one only investor's edge. Hi, I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacist to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach

ache every time that I eat and it just becomes like a lifestyle where, oh yeah, you know, I just have a stomachache every day. or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication.

And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're stacking your rewards.

Nice. Get up to 5% cash back with Venmo Stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment, and more. Pick a bundle with your go-tos and start earning cash back at those brands. Do more stash, get more cash. Venmo Stash bundle terms and exclusions apply. See terms at Venmo.com.

dot me slash stash terms. Max $100 cash back per month. Here's a quick podcast for all you true crime fans. The case of the missing Reese's. It was me at the store with my mouth. Motive? Um, they're Reese's. What was I going to do?

Stop myself. Tune in next time to see if I do it again. Spoiler, I will. That had everything. Reises, suspense, reises, or listening. to. What do we wait for? Well, what are you waiting for?

One, two, ready, go. Action! In the Gester's Edge. With Gary Culpa. Hey, yo. Do you know what I'm doing for the three-day weekend? Nothing. No plans.

Working out, which is normal, and nothing. Just want to relax. Put my feet up. lay out at the pool. I think we're getting some rain in Florida tomorrow, though. Hopefully not Sunday or Monday. And just relax. Next weekend, going to see my parents.

Weekend after, going to see my parents. Going to see my goddaughter's 16th birthday in Raleigh first. It's got a little travel to do. Moving on. Remember what we told you? Months ago, we don't think Biden's going to be the candidate. A bunch of Dems and journalists are now urging Biden out, and they're now out loud saying,

hey, Obama, you need to convince him. I don't think he's going to be around. I'd be so surprised now. I think we're going to be right. But then what? How do you not have Kamala Harris not be the person? Think about that, the vice president, which is supposed to be next in line.

How do you do that? And if you try to kick her butt out, what do you think the black community is going to say? It's going to be an interesting next bunch of months. The one thing we do know, Trump will be the candidate on the right. I don't think there's any way court-wise that can change. Oh, it's going to be fun. It's so depressing. Man, oh man.

I gather liquor sales is going to go up big time as we head to our November. May have to buy stock in, what is it? Constellation brands. They're a bunch of beer, right? But then there's also Molson Coors, TAP, and whatever else. Anyway, Adobe. So we said to you, go look at SMCI and look at the climatic top. And go come. And go come. And go, come compare it to Qualcomm, Tilray, GameStop, and I have a few others that I have in my archives over here. But I have to mention Adobe today, ADBE. Out of nowhere was down $43.78. And by the way, we just owned it. We stopped out with 2% loss, small position, no harm.

And why did we stop out? It was showing us a loss of relative strength, not knowing what's going to happen next. and I actually didn't see any news today. I didn't see any downgrade. I didn't see any, hey, we lost the contract or anything like that. All I see is the stock croaked today. Do you know how we were able in 21 in the, I don't know, was it the end of the first quarter, where I started to get a little bit worried because some of the stronger names were breaking down

and then middle the year, and then November came. Do you know how we were able to sidestep it? Because just about every growth name did what Adobe did in the last few days culminating with today. Do you know how that enters our brain now? Okay, it's Adobe. An important software name,

but this one looks good, this one looks good, This one looks fine. This one looks fine. This one's good. This one's fine. This one's fine. Oh, this one's fine. Oh, I can look at the IGV, which is the exchange traded fund and a little bad action here the last few days. So maybe it's going to come in some, but nothing bad. What do we use Adobe for? Listen carefully. Back in 21, it started with one. And then there was three. And then there was. five and then there was 10. It was easy for us to be out because of how much time and effort we put into this, how much we scan, how much we recognize. And we're not trying to warn you of anything just yet. We're just letting you know, if you want to know what bad looks like, what a real top looks like, what a complete get the hell out of the way stock looks like, Adobe. Go look.

But Gary, what about long term? I don't know what I'm eating for dinner tonight. And, you know, I get asked questions often. You know, I own so-and-so from nine years ago, and you said now it's breaking the 50 days. Should I sell? I say, I'm not telling you to sell something that you've had for nine years. You've got to decide that.

You've got tax consequence. You have all these gains. We're just letting you know from right now, and whether it turns into something real bad, We don't know. We're just letting you know. We don't want to see more Adobe's because I got news for you. That wasn't a little breakdown. That was a cracking, an absolute cracking today.

So I combine the strongest stock, an SMCI climactic run, but after a good run, and Adobe. Not the most important software name, but an important name, croaking. Okay. All in the file manager. And if all of a sudden Microsoft craps out, and we're up on our Microsoft play, but if that breaks 400, something we're going to be thinking about. But Gary, what about long term? Well, in case you don't know, in bare markets, Microsoft went from 350 down to 240 and 235,

and those dogs don't hunt with me. again we do things one way you guys get to do things your way the way you want to decide we just tell you what we think and again it is your money whatever you thinks best but we're just letting you know just some things sticking out just a little bit two biggies two biggies and let's add apple cracked yet, just slowboating it. That all said, you have a great weekend. Drive carefully.

And when you get home, do like we do. Quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I quite promise. Monday will be the best of Gary.

But I will be on two Monday with Charles Payne, 2 p.m. hour. Fox Business. Don't miss it. We'll be back on Tuesday. Take care all. Thanks for joining us. Peace out. This has been Investor's Edge with Gary Cult Bomb on BizTalk.

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