Investor's Edge with Gary Kaltbaum - Worsening [02.05.2026]

Episode Date: February 5, 2026

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Visit the prodesk or Lose.com slash terms for more details. Subject to change. 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 Coltbaum, your host. A thanks for being with us today.

Glad you're here, ladies and gentlemen. Happy that you are listening. It is Thursday, 5th, February, 26. Hope you're having a good day. Ladies and gentlemen, doesn't happen often. But today we are pre-taping the show because of travel. it is currently 1.17 p.m. Florida time. So we'll be doing the show and you will not know what the market does at the end of the day.

You'll have to check your whatever you check at the end of the day for that. Please excuse us for that. It doesn't happen often. As always, serious talk that affects you. The markets, the economy, your job, your industry. The Morlocks in D.C. Anything that matters. We cover it all.

And if you do not get this radio show in your city, we'll post it at garyk.com, also on our X feed. If you don't follow us on X, you should. If you like to email me, just be nice. And we'll also post it on the Biz TV YouTube channel. I want to start with, we'll get into the markets in a second. I got a lot to say. I want to start with things that upset me.

Something occurred recently. and it's less than thrilling for me. So as you know, by the way, this is not political, but we are going to send a message to the White House on this. So as you know, the administration is trying to do some things with companies. And we're not for that. We don't want them taking positions in companies. We think it's pure socialism.

I believe it's picking winners and losers and all that. And that's really a fair assessment, don't you think? Anyway, so we've noticed they've been talking rare earth, rare earth stocks. And we noticed one in particular, the symbol is USAR. Now, bear with me on this. It's called USA Rare Earth. They don't have a dime of business. Not a dime.

Let me repeat that. Not a dime of business. If your daughter or son went on the corner and opened the lemonade stand and sold one glass of lemonade, they'd have more business than USA Rare Earth. It started out as a SPAC, a blind pool. You got that? So let me give you an idea what's happened in the recent, I don't know, days. USA Rare Earth is surging after announcing a non-binding letter of intent with the U.S. Department of Commerce and a collaboration with the U.S. Department of Energy.

As part of the deal of the deal, the Commerce Department will take an equity stake. You got that? which we're against. I don't want our government taking equity stakes in anything. Well, do you think the Department of Commerce knows that USAR just announced a 76 million share common stock offering by selling shareholders? You catching my drift? 76 million shares. Shares outstanding is 82.

Shares in the float 32. Obviously, there's some other shares out there. You feeling me? So I'm just going to send a little letter to the White House. Hey, just letting you know, these are the people you're doing business with. They're selling out from their company. and making themselves wealthy beyond belief, 76 million, stock closed at 21. Oh, that'd be about $1.5 billion in change.

These are the things that irritate me. And I'm wondering if the Department of Commerce knows. We'll see. And again, that's about the market and stocks. and what goes on every now and then. Let's continue. As I speak, and it is only 1.22 p.m. The Dow was down 460, the NASDAQ 266, the NASDAQ 100, 250.

I will tell you it was better and it was worse. I will tell you that the semiconductors have been trying all day to lead, and they are up as I speak. But whether or not the market is bigger than the semis, I don't know. But let's pick it apart as we have done. You're welcome. Bitcoin is now 66,000 down from 125. You are nearing a 50% drop in Bitcoin.

And we don't predict anything. We evaluate. We interpret. and we told you in and around mid-October to avoid it. What had happened was it broke the 50-day and had a clear inability to not get back above. And then when the IBIT broke 60, we told you the bearish process is on of unknown price and time. The IBIT is now 37 down from that breakdown of 60. and by the way the 50 day break was at 66.

You're welcome. On top of that micro strategy is down another $19 to 110. That has gone from 457 to 110 since July. Last I looked at 75%, right? 110. Yeah, more than 75%. You're welcome. Now, I was thinking some things,

and you know, this may sound crazy talking about, these things. I'm such an optimist, but I'm bigger realist than an optimist. Much bigger realist than an optimist. This micro strategy, which is now called strategy, I was just wondering, could it upend the market as a whole if it continues to implode? Because this strategy company is major League leveraged on this. And also, I do believe in, this is going to sound political, but I'm stating facts. I do believe a ton of people followed the president into crypto or Bitcoin and Ethereum because he is the Bitcoin and Ethereum president, which by the way, will cost votes if this

continues. I'm wondering if this could be a seminal moment because of this. I don't know. I'm just wondering. And it's not a dumb thing to wonder because this has lost a lot of equity, a lot of capital. And do not forget, it's not just Bitcoin, it's Ethereum. And those other coins, there's a crap load of other coins that are still trading, That, by the way, are down 70, 80, and 90%.

The meme coins that came out are down between 90 and 99%. So just let you know another rough day. And our thought process is if it broke the eight or nine weeks of it holding support and breaks that what we call a bare flag, it would invite some serious selling. Guess what? the iBIT which is just a proxy for bitcoin has gone from 4668 to 3715 as i speak in four days so we were 100% correct that the technical part of even this works wonders works wonders and we hope and pray that you listen because a lot of money's being lost and it has no earnings, no sales, no product,

or no services, but you do have a bunch of miserable cretons that continue to come out and tout, oh, it's going to a million, it's gone to a million a half, it's 13 million. Well, it's now 66,000. And for that woman who just called for 1.5 million in 2030, Up next, we'll put a bow tie on it and much more. 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,

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 complimentary

portfolio review. The number to call is 888-4-2-5-59. That's 888-5-5-9. That's 888-4-2-5-9. investment advisory services offered through call bomb capital management. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you.

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Capital One.com for details. Okay, does this happen to anybody else? You sit down with a juicy QPC, some McNuggets, and those golden fries from McDonald's. Then you take a long sip of your sprite because you can still hear your mama saying, don't fill up on that drink before you eat your food. But you're grown now, so you do what you want. Share and share alike with a 20-piece McNuggets from McDonald's for just $6. Limited time only, price and participation may vary. Cannot be combined with any other offer. 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 welcome once again to Investors Edge. as I was saying

at 75,000 Bitcoin would have to go up 20 fold in less than four years to meet the ladies prediction now it has to go up a bit since it's 66,000 it would have to go up about 24 fold

if I met her I would tell her what I think please listen to us do not listen to her or them her funds are being mutilated again. And just remember, we take on nobody in this industry ever except her because she parades herself like this gargantuan guru,

even though her main fund is down in the 50s from five years ago. And she's in a lot of speculative stuff. And in bearish markets, that speculative stuff get massacred, which means you would be massacred. How fun that is neck deep in the crypto, Bitcoin, whatever you want to call it, has gone from 92 to 67s since it topped. Next, well, that's the Bitcoin. And by the way, I'm actually surprised how bad it's gotten.

I knew a break of that eight-week bare flag would invite more selling, though that's exactly what we told you. But damn, it's like a little jailbreak. And I think part of it is that micro strategy leverage may be coming undone. Let's continue. Individual names. Google was actually down on earnings today, 306 in change, down like 26 bucks. I looked at the numbers.

They look pretty damn good. It's only down eight bucks right now as I speak at 1.30 and is back holding just above the important 50-day moving average support. That's Google. I don't know how it'll finish, but leave no doubt it has got defended today from a really bad open. And I don't even rationalize why they opened it bad or why they're buying it up. all I care about is outcome. So that's good news for Google or alphabet. Meta. So if you recall, two Thursdays ago,

meta gapped up on earnings, which I didn't think the earnings were that good. But they gapped it up nicely, but then the market started coming in. And not only did it fill the gap, meaning just so you know what a gap means it closed at 669 one day they opened it up the next day like 720 closed it at 738 no trade in between but with the weakness it took it down this morning to 653 below the day they reported but i missed it and even though

I missed it. I doubt I would have done anything. This morning, META, immediately dropped down to the 50-day moving average on the opening weakness and immediately bought up and is held. And in a very down day, is actually up 10 bucks today. So I'm going to be paying attention to META at the 50 day. And by the way, If you want to know what we mean by them defending, 50-day move-in average, 6538. It opened at 6.5350, just a couple of bucks below. And within a minute was right back above. So Google defended, meta defended at the 50, but has a lot of work to do. On the other end, Qualcomm.

Down another 11 bucks today, and that isn't a bare market. I'll leave it at that. Estee Lauder. Just so you know, we always follow strength, and Estée Lauder has been a name. Down 25 today to 94.5, 21%, cracking everything goes off our screen, moves over. Ralph Loren, on earnings, does the same. just letting you know. On the other end,

McKesson, in case you don't know, wholesale drugs and all that crap, up $135 to $957. And interesting enough, they only opened it up at around, well, they're showing a $30 move in the first minute.

Let's go halfsies. Let's say they opened it at 875. it's 957 and breaks out to new highs. And as you know, the market drug stocks have been doing better. Whether or not that continues, I don't know. And I'm looking at McKesson. I didn't look at their numbers, but they raised guidance. Get this, only by a percent for 26.

And that was enough to send it up that much. God bless it. How to mention that. And I'm also going to mention a semiconductor you may have not heard of. S-I-Time, S-I-T-M, up $55 on their big earnings. How's that? There are other blow-ups today. A strong economically sensitive name like Cummins Inc. down $60 to $5.46. on the other end, another semiconductor form factor up 15%.

Just a lot of things moving around on my screen. Cardinal Health up 18 bucks today. That's another generic pharmaceutical name. That's on the move. So a little generic pharmaceutical thing of a Bob going on. That's going on. So again, Amazon after the close and that'll do it for the big earnings.

At least the MAG whatever's. As we speak, the NASDAQ is below the 50-day moving average. The NASDAQ 100 is below the 50-day moving average. The S&P is a wee bit below, which is not that big of a deal. Of course, unless it worsens. We'll see how we finish today. again you won't know that to later oh i forgot one of the name heresies is up 17 bucks to a new high on a 36% drop in earnings i guess it's the chocolate thing up next what about the rest

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What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster.

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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. By the way, Hershey's.

gaps up, breaks out is up 8%, on a 36% drop in earnings, and they beat by 31 cents, and they raised numbers by a little bit in the afterwards, and its stock is rolling. It's amazing. Chocolate, baby. The old high was 277 and 23.

It's a 223 today, but very good move in a new yearly high. Other things. As I speak, there are 453 new lows on the NASDAQ. That's a big wow. Next, golden silver. We specifically told you, and this is just reading the tape, that it felt and look like a climactic top in golden silver, which started on Friday, from the little climactic move up in gold, but a big climactic move in silver. We then told you after the two-day drop to expect some wild backing and filling. And what that means is one day you're going to gap up,

next day you're going to gap down. Gap up, gap down, but futz around. You know what futz means, right? So for two days, gold and silver up. Today, silver down 12%. Gold down, gold only down 1.6% today. Remember, silver is a higher beta metal. That means it'll move a lot more percentage-wise up and down versus gold.

Simple as that. So we're just letting you know, gold and silver for now, under pressure and we'll alert you if we think that changes. The normality at this juncture would be back and fill, back and fill, back and fill. The GLD for me would need to jump above $463. The SLV, I don't even, that would be like $83 and it's at $69. a little bit away. I heard some gold and silver bulls out saying, just buy it.

This is an opportunity. Well, they could be right, and they've been very right over the recent past. I'm just letting you know my interpretation. I'm going to guess you may have some time before you'd have to jump on the bandwagon again or jump on the bandwagon if you've never played into that. That's my thought process. If that changes, I'll let you know. But I have studied climactic moves.

And I'm pretty sure that was one. Next, software. All I can tell you, Microsoft got downgraded today. That's like blasphemy. So an analyst waited from 555 down to 412 and downgraded it. For me though, it's outcome. It's down another 13 bucks today.

Oracle is down another 8 bucks today. And I was just looking at the Oracle chart. Holy crap. Holy crap Salesforce.com down another 9. By the way, these are the big ones. Adobe down another 10. Holy crap.

We have been on an avoid on software stocks. I'm going to guess since early November with you guys and we hope you listened. Little did I know the destruction. The IGV, which is an ETF, has gone from 118 to 81. That's $37 on 118.

We're talking 34, 35%. And that's the ETF. That's a basket of a bunch that are down that much. The only good news I can tell you is everybody's now reporting the software bear market. And sometimes when everybody starts reporting it, it's closer to the carnage stopping. It ain't stopping today. And I must tell you, it's humbling to watch. It's humbling to think that an Oracle can go from 345 to 1,000,

By the way, Oracle in the last three weeks is down 30%. Forget about the high back in September. Microsoft in the last, since earnings, 480 to 400. 480 down 80? What is that, 17%. Holy crapmatic Batman. And when I look at my left screen again today, a sea of red in software stocks. I want to let you know that the head of Nvidia came out and said,

do not worry, software will not be affected. Well, if we got a conversation with him, we would say to him respectfully, tell that to the market. We'll see. but again my left screen is full of what we call lesser tech things that have broke down a while back and just keep going lower and lower names like workday crowd strike palo alto networks snowflake z scale just the strontere palantier just gaped up on earnings where i saw some people applauding it. It's gone from 165 to 130 in two days. Software. Continue to avoid software

until we say otherwise. And for the record, I am surprised, big time surprised. It has not bounced. I would have figured any day now it would bounce. That's the normal course. of business in the market. Drop three up one. Drop five up two. We're talking bearish phase. No. It just goes lower and lower and lower.

And I have to tell you, we are now in the midst of three, four, seven straight days of red in software. While many say, don't worry. We say worry. And as always, if anything changes, we will be yapping back at you. But even we are stunned. We're absolutely stunned by the tenacity, that's a word, of the sellers. That even at these prices, their selling has not been sated. Notice the big word out of your handsome and buffed host.

sated. You know what that means, right? As we speak, Dow down 500. Goldman down 19, no help, Amazon down 9, and they report after the close. Salesforce.com down 9, Caterpillar down 12. That's pretty much an AI name at this juncture. Microsoft down 12, United Health down 7. Boy, that group, holy smokes the health. Man, oh man. So wish we had better news for you? I just don't. What I do have to tell you is it's a lower beta environment. New yearly highs have Pepsi and Coke and Johnson and Johnson and Merck and Amgen in the Dow. Very low beta and Hershey's and defensive. Up next.

This, that, and the other thing. This is the one only investor's edge. It's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game change. With over 30 million pairs sold, there are thousands of men out there more comfortable than you.

Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination.

Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confuse.

used relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is, Spreaker makes the whole process simple. You record your show, upload it once, and Sprinker distributes it everywhere people listen.

Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Sprinker helps you monetize your show with ads, meaning your podcast might someday pay for well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it.

You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Gester's Edge. With Gary Culper. So, we're doing this show early.

It is only 148, and just in case we're traveling. I cannot do the show tomorrow. We are 9-1 in the playoffs. We told you how good we were, and we're proving it again. I'm even surprised by 9-1-1. By the way, a couple of games we should have lost, and a couple of games we should have won.

But with 9-1, Super Bowl, we're going to give you out our pick now. And if we're on tomorrow, we'll mention it again. We have liked Seattle to win the Super Bowl throughout the playoffs. We're going with them. If it was our heart, we'd be doing New England

because my next door neighbor worked for the Patriots for 30 years. Great guy. But we got to go with our head. And our thought process is this. They got a beasty defense. Beasty defense. Seattle.

And as long as Darnold don't do crazy things and he's been very controlled this year, we're going Seattle. But there's a disclaimer or a caveat to it. We're not thrilled with four and a half points

giving four and a half because you can be up 11 and you get that garbage touchdown and you win by four. so we're going money line Seattle and you're paying more on the money line if you lose

but that's what we're telling you if you do the four and a half I just go smaller Super Bowls were not like last year last year we told you Philadelphia and we thought they were the kick

was Casey's butt and they did is a tough call. New England is a very good team and Vrable is a very good coach. But we're going Seattle, Money Line, small on the four and a half.

On the over-under, I believe it's 45 and a half, we're still thinking about that. We're typically over people. We love going overs. And we've had a hot streak this year on some of them games, but there was some unders also. Anything's possible, but I'm a big believer in the over when you have good defenses. What, Gary, what? You know what good defenses do?

They intercept and get fumbles on the other team's side and end up with short fields and score quickly. But I'm not sure yet. So anyway, that is your Super Bowl. We doubt we're going to change that tomorrow, but that's where we stand. Worst case scenario, we're nine and two for the playoffs. Try matching that bad boy. Anyway, for whatever team you are for, good luck. Hopefully it's a good game. And I must say it would serve Seattle right to win because you remember New England

beaten Seattle when the dupist Pete Carroll had, the quarterback throw a pass on the one yard line at the end of the game, instead of giving it to Beast mode at the one yard line, and it was intercepted by Malcolm Butler, and that was the end of the game. You remember that? One of the worst calls in Super Bowl history. The Beast was running over them, and they decided to throw,

and Malcolm Butler went right in front of the wide receiver, and game over. And there's your Super Bowl. And now next year, I will be wearing my giant sweatshirt at the little Super Bowl get together I will be at. Markets do with no favors as we speak.

It's almost 2 o'clock. Dow down 574 and the NASDAQ down 333. I didn't mention the semis earlier. A lot of green. If we're going to come out of this, I think the semis will continue to lead. And that's what I am going to be concentrating on once we come out of it.

If they come after the semis, then we may be talking some trouble, some real trouble that we already have at this juncture. We really hope you've been listening. Our avoids that we have given you have been fantastic. Just between the coins and the software, if you laid off of those areas, you are saving a bundle. Not to mention the private equity companies like KKR and Blackstone. And if anything else shows up on the negative front, we'll yell. Oh, Gold and silver, too, with what we think's going on near term. We do think probably they get going again, but certainly isn't happening right now. Wish we had better news for you, but hey, we just report, interpret, and see how it goes.

It's just ain't no hill for a climber right now when it comes to markets. Notwithstanding, as I said, some good reactions to earnings. And a lot of defensive issues are coming to the fore. When you have Coke and Hershey's at New Yearly highs and Oracle and Microsoft at New Yearly lows, something up. Oil's pulling back today. Oil prices down almost two bucks. That helps. We have not gone into oils yet, though.

A bunch of them have broken into New Yearly High Ground. but I usually not very often I invest in oils and that's been a smart move throughout the years because their moves have been very fleeting, very. But I wish I just bought Exxon on the breakout, up like 9% from the breakout. I did not. So it's not even 2 p.m. We thank you for your indulgence today, but we are traveling. We had to get this done earlier.

You have a great day. Drive carefully. When you get home, do like we do, quite simple. Make sure you hug your family and children. They will feel better. You'll feel better. I promise they will, be well. And we should be back tomorrow.

Good day. 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. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day.

Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected.

This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details.