Investor's Edge with Gary Kaltbaum - YIELDS AGAIN HIGHER!

Episode Date: August 31, 2022

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

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Investor's Edge with Gary Kaltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Kaltbaum. And welcome once again to Investors Edge. I'm Gary Kaltbaum, your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you're listening. It's August 31st, 2022.

And this remains the most important show on earth. Television or radio or YouTube or any other. tube why why while everybody are losing their butts we have guided you through this and if you listen stayed out of it that's why some of our guidance has been flawless the prediction of bubbles and bubbles popping tops in the market tops in growth tops in this tops in that inflation going to come before anybody else. I can go on and on. One of our bigger worries recently, and this is just recent, and I want you to listen carefully, just a few weeks off of a low in the

market, market hit a low in June and started rally. Just a few weeks off the lows during those few weeks. We saw a stock symbol, HKD, go from $7.5.5 IPO, open at 14, and go to $2,550 bucks, giving this company symbol HKD, which has $24 million in revenues. We're not making this up. You're listening? A $450 billion market cap. since it is gone from 2555 on August 2nd to 119 today, where it still has a $21 billion market cap with $24 million in sales. It's a stock out of Hong Kong. We're asked, how does this happen?

We really have no idea. We warn you, just don't be the last one in. And just so you know, the move up happened in three days. other Hong Kong names came out and did the same I'm not even going to mention symbol here's one an IPO at four bucks the day of the IPO it hit 236

closed at 97 the next day it went from 97 hit 250 closed at 117 it's back to 7 this one has very little revenues another one this one's a piker went from one to 13 it's back to 181 and the move from one to 13 happened in a couple of days another one recently all hong kong based 12 dollar IPO went to 60 same day it's back to 1465

i recently told you in the last couple of days of it was yesterday h p c o ipo 6 Hit 42 yesterday, closed at $5 today. See how much money is being lost? We're not done. Bed bath and beyond, the latest. Went from 4 to 30, even though, company was on the verge of bankruptcy, not able to manage their debt.

And just in the last two, three days, announced they had to get some money, a loan, shutting 150 stores, and doing a secondary offering, more shares. In case you don't know, it was down 21% today, down to 9.5%. Hit 30, week and change ago. 66% drop. But even though the market has been trashed in the last 10 days, The Dow down 2,700, let's call it 2,800 points. The NASDAQ down 11% in the last 11 days.

It didn't stop. I had to be told about this one today. Another Hong Kong name today, and before I even start, I don't know how it happens. It was a NASDAQ uplisting from the OTC bulletin. board to the NASDAQ. Five million shares. Five bucks. Hong Kong.

The company's reported sales? Twelve million bucks. Five million shares outstanding at five bucks. Today, it closed at $656.56. You couldn't get any stock. They did a $50 dollar spree. at the close today with 12 million in reported sales, $3.5 billion market cap.

But I'm not done. It closed at $6.56. As I speak right now, it's showing $920 bid, $1,000 offer in the aftermarket. So I repeat, I don't know what's making these things occur. It's something in the trading. It's something weird. I don't know.

and I'm surprised regulators aren't all over this crap, we're just letting you know it's the most froth in speculation we have seen in our history, in a history where we've seen a lot of froth and speculation, and does not auger well for the stock market. This type of activity does not happen at bottoms. There's something wrong here. No matter what, we will pay.

attention to what we pay attention to every day and talk to you about. Scanning 1,500 to 2,000 names every day, 200 sectors and sub-sectors, every country, every commodity, anything we need to look at. We're just letting you know this type of froth and speculation unprecedented does not happen near bottoms in the market. And let me repeat, if I were the regulators right now, I would not look at. let one more these things come out. Why? There's only one outcome. People are going to lose a ton of money. A ton. It now has a $5 billion market cap in the aftermarket with $12 million in sales, reported sales, and it looks like they don't make any money. Oh, I didn't name the symbol. I'm not going to. I didn't name the company. I'm not going to. You're going to have to look it up.

So we warned you recently about the rally. Based on that, and based on that, guess what the market's done in the last 11 days? 2,800 Dow points, just about 11% on the NASDAQ. Did it cause it? No. It's a characteristic of it. And you, you're not. And you're not. You're you know what we're about here. Characteristics of Bull and Bear markets, the thousands of hours of study of them, and a keen eye and a, you think Tom Brady has focus, you need to come visit me in my little office here and see Focus. We're asked about this. It's called Focus, on the job at hand. All the calls we're getting from people.

I'm down 28% in the last year. Can you help me? I own some stocks that are down 60%. Can you help me? And on and on and on. Managed by people that keep you invested no matter what. It's only your money. Up next, full market wrap. Movers of the day.

I'm Gary. This is the one only investor's edge. 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 888-4-2-5-59. 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 to stomachache every time that I eat and it just becomes like a lifestyle where oh yeah you know I just have a stomachache 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. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong.

Healthy Choice Simply steamers are delicious and healthy. The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections, like Healthy Choice Simply Steamer's grilled chicken and broccoli Alfredo. It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy Choice Simply Steemers. What having it all tastes like. 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 Investor's Edge. Absolutely stunning. It's stunning.

And again, I don't know what causes it. A few other things I want to start talking about at the outset. I don't know if you know this, but California, you know, that communist state, they are mandating by certain date, all electric vehicles, no gas powered vehicles. Do you know what California is doing right now? Their power grid is declared a flex alert. urging residents to not charge electric vehicles, and they want thermostats to 78 degrees or higher.

This is the same state that is going to get rid of gas and only have electric and they don't even have the grid. This is the insanity that's going on out there from insane people. You know, I've been told that some of these people want to destroy the country. And I say, no, no, no, they're just crazy. I wonder sometimes. California does not have the grid for only electric vehicles, not even close. They're telling people now not to charge electric vehicles, but now they're putting in a mandate.

You know what the latest they're voting on? Not the people, but the government. People that work at restaurants, the chains. They're going to tell the owners of franchises how much they have to pay teenagers. They're so stupid. Do you know what's going on in a lot of these franchises? Kiosks, robots. Do you think these people are going to just sit there and take it?

They want to stay in business. You demand, they will react. Insanity. This is on top of the rest. But just a couple of things stood out to me today and it was like, wow. Boy, they're weird there. Weird. I think it's cool if you want to go towards electric vehicles,

but mandate a date when you don't have the electric grid, nor the money. They're insane. So just a couple of things that really stuck out for me today. On top of that, what have we been telling you? What did we tell you six months ago? That the last shoes to drop, what did we tell you? The last shoes to drop will be housing and employment.

Was it nine months ago? It could have been. Many months ago before anybody else. Well, housing's cracking. Housing is cracking. We have highlighted few inventory. Skyrocketing. Prices coming down.

Days to sell. Longer and longer and longer. Pending home sales not to. getting done. But the other one, of course, was employment. Do you know why employment is lagging? It's kind of simple. Two words. It's called human nature. Human nature says that owners of business really want to make sure before they start canning people. Make sure of what? well the demand that is going south stay south because the last thing you want to do if you have 20 employees right now and you know you only need 15 if you go down to 15 and then all of a sudden

business picks up you're short so you're really wait but then the recognition and that's when it hits. We have an employment number coming out Friday, but they came out with something called the ADP number today. And as you know, we told you this, the White House already knows the numbers. They've already telegraphed the numbers by saying, oh, we're going to get a slow down, this, that, and the other thing. The expectation was 315,000 jobs came in at 132. So we're letting you know that's going to start happening. We expect the job numbers to worsen, unemployment to head upwards. And that's why we said to you recently, remember we did 15 minutes on this, what did we say to you?

We told you, hey, peeps, listen carefully. Peeps, want you to listen carefully. Make yourself invaluable if you're not an owner. Make yourself invaluable where you work. Make yourself to the point where you are so damn needed that there's no way anybody would ever let you go. Remember that? We said that to you in advance because we knew what was going to happen. It's happening.

We'll keep you abreast of the situation as it goes. Not only in the numbers, but in the sector. Obviously, we already told you about mortgage industry. South, why? Less. We'll let you know what else comes down the pike. Wish we had better news. And of course, which we had better news on the market, and I must say for the record,

we came in today, markets oversold. What does oversold mean? Well, 2,500 Dow points in 10 days. 10% NASDAQ in 10 days. Too far too fast. And then they have things in my business. called the oscillators. Ooh, the oscillators very oversold, which we don't really pay that much attention to unless somebody texts us or email us and it's an extreme number and we put in

our file manager, but we only watch price. And we make nice to get really oversold is because you dropped the lot versus really overbought. You had a big run. And we did not know what to expect today. We're just out of the way. Today's market wrap 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 with his proprietary indicators. Go check it out. Investment-models.com.

We'll have the numbers up next. On this, the one-only investors' 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 exists. 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 stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach egg 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. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy.

The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections, like Healthy Choice Simply Steamers' grilled chicken and broccoli alfredo. It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy Choice Simply Steamers. What having it all tastes like. Cashflow crunch? On-Dex small business line of credit gives your business immediate access to funds up to $200,000,000, $1,000 right when you need it.

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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. Well, here are the final numbers. And I must tell you, we really sold off into the close.

I will tell you, let me see if I can find the final minutes. Do, do, do, do, do do do do do. We sold off like 190 points in the last 10 minutes after trying to rally up and finish down 280 on the Dow. S&P 31. NASDAQ and NASDAQ 100 are holding up all day long, and they got hit towards the end, down 67 and 70. The SOX down 31, transports 145. Advanced declines, not good, up down volume, not good. New Yearly Lows picked up again today.

And New Yearly highs hardly any. And just basically I got not much good to say. I'm always looking for good. I'm always looking for positives. I don't have any. Another crappy day. Simple as that. And I must tell you, after the close,

You know, we watch these stocks off the lows of these software names. Three names I follow closely, all getting whacked in the aftermarket on worsening numbers. We'll see what that means tomorrow. Don't know. Just market has a chance to have a better day today. And guess what? It sells off. Tomorrow's another day.

I noticed throughout the day that, unfortunately, you know, it was kind of leading. Facebook, Netflix. Do you know why? Facebook is getting rid of people and their gaming application. Netflix is hiring some people from Snapchat and it was up and I was like, isn't Snapchat failing? That was weird. They both sold off towards the end of the day too. And as I just peruse, not much to tell you here. Oil prices, good news, down another two and three quarters dollars today. We'll take all of that. But yields are again up today. The 10-year up to 3.133.

And I must tell you, it was a 2.525 in early August. I'm hearing mortgages are 5.5% now? Maybe more? Let me just put up 30-year mortgage. rate that can't be 30 year fix 7 now that can't be not sure

I'll be looking around while I'm in commercial anyway it's tough to buy a home now it's very tough to buy a home the affordability part and now the mortgage part and as you know we think the 30 year mortgage is a scam anyhow we think you always get a 15

because you hardly pay off the loan in the first 15 years on a 30-year mortgage. Anyway, so I got really nothing great to say today, and I would love to. I'm looking for a decent number on 30-year mortgage today. I believe I'm Googling it, and I can't even get the number? Oh, that's Yahoo! And Yahoo sucks. 30-year mortgage rates. Let's see what I can find on Google. It's showing seven.

That can't be. I think it's more like six. Nope. Let's see. From Fox Business, 5.5. Let's just say it's somewhere in there. How's that? So another ridiculous move in another speculative frothy name.

Out of Hong Kong. I don't know whatever they're drinking, whatever water they're drinking there. Bed Bath and Beyond croaks even more. Hope you listened. And the market cannot get any traction whatsoever, even being very oversold. I will give the NASDAQ it's due today was holding up very well most of the day until that last drop in the market. Versus everything else.

I'm not so sure that's great news. And when I scan the Dow stocks, e. So we are now below the 50-day moving average on the Dow in a pretty good way. The S&P? You bet. NASDAQ? Oh, yes. Less than thrilling.

And again, we really wish we had better news for you. We just don't. Anything changes will let you know. But I've got nothing redeeming here. Best relative strength remains, solars. Oils and some commodities were in good shape until yesterday. Some defensive names. It's not much else.

And the semiconductors leading down. And now after the close, you got MDB, OKTA, and V-E-E-V croaking, even more. That will not look good on a resume. Nothing good happens if we stay below the 50-day moving average in the indices. And odds favor? Heading toward the June lows. We'll keep reevaluating on a daily basis as it goes. We now head into September.

We know the reputation of September. Guess what? We're not worried about reputation. We'll pay attention to the action. September is the worst month of the year on returns in case you did not know have I thrilled you yet rest of the week not much left in earnings

I have an interest in Lulu Lemon I don't own it but it's something you know you watch as a growth apparel slash retailer Chinese ADR is better still not trusting because the people running the country are quite the control freaks.

And that about covers most of it. The questions we're getting a lot of now are from a lot of people that own the coins. One of them. It seems like they just died. It's about right. Up next, this is that and the other thing or whatever else.

This is the one only Investor's Edge. I'm Dr. Jay 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 stomach kick 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 IHeartRadio. Listen now wherever you get your podcasts. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply Steamers are delicious and healthy. The Tray-and-Tray steam technology delivers crisp veggies and tender protein and tasty selections, like Healthy Choice Simply Steamers grilled chicken and broccoli Alfredo.

It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy choice simply steamers. What having it all tastes like. OnDEC is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 help make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, OnDec delivers funding you can count on.

Apply in minutes at on deck.com. Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank. OnDec does not lend in North Dakota. All loans 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 Wester's Edge. With Gary Culper. We just got a big clap of thunder. and my dog sits right down next to me right after that happens. I'll protect you, Winston. No worries. I must tell you, in Central Florida, man, do we get storms every afternoon?

It's like clockwork. By the way, have you noticed we're in September and we've had no hurricanes? Oh, that must be climate change. You know what we think of that, right? I'm still waiting for one journalist to ask Al Gore. 17 years ago, you said we had 10 years. It's now 17. Were you full of crap?

Do you think any journalist would ever ask that? You do realize he's scared to live in, you know what's out of people, got this whole ball rolling where a bunch of government-connected people became wealthy, creating green energy companies out of thin air that don't do anything for anybody, got our taxpayer dollars just like Al Gore did. It's unreal. How anybody would believe, I don't care what side of the aisle would believe these people

and anything they say. It's almost like people have to believe something. So it might as well be that. I went through this latest inflation reduction act that we're being told, we'll buy that aisle, that it's not going to knock down inflation, they lied.

The whole title was a lie. I look through it. You know what it is? It's a Green New Deal light. You know where that money's going to? They don't tell us. They came up with a bill, and they don't tell us where the money's going to.

It's going towards climate. Did you know that? We'll have some charging stations here and there. but the bulk of it is just going towards climate. That's what I see people on that side of the aisle rooting on. And I would love to sit every one of them down and ask them, what are you happy about that they're going to take $300 billion of our tax dollars to fight the climate? Can you explain to me how they're going to do that?

And how are they going to stop the heat or the cold? or the wind or the rain or the snow and not one of them could answer and I don't yell I just ask very calm and quietly and I've had the conversation with a few well we I trust them that's the answer and that's why politics really sucks sides have been taken it does not matter Trump with these documents It's a moron But he's getting defended Because we're on that side

And the other side put him in jail And vice versa And that's how you get the 31 trillion of debt And a central bank covering up And a media with hear no evil See no evil speak no evil You do realize if we got the 31 trillion of debt And it was done because of all the

Republicans, it would be a story. But since it's both parties, and of course the Republican side doesn't report it, because they can't either. Between Bush and Trump, about 13 trillion of debt. You know, those conservatives, Trump's not a conservative. Bush wasn't a conservative. You know what conservative is? Balanched budgets. Given a crap about the taxpayer, Neither did. And of course, Biden and Obama, they don't even pretend.

And now we have the unwind of the winders. And that's what the market's reacting to now. If you haven't seen it, and I posted it many times, there's a chart of the S&P 500 and all the money printing going hand in hand. And since it's now slowly coming down,

markets are coming down. speed it up, markets are going to crash. And I don't use that word lightly. And I use the word crash. I'm not talking about a day. It doesn't have to happen in a day. Peloton happened over months. Down 90%.

But therein lies all the problems. It ain't you or I. You all going to work every day, right? Trying to do better for your family and yourselves. It's not us. It's them. They've all become our opponents, backed by these money people that thought they can print $9 trillion and have no ultimate repercussions. But we warned you of the ultimate repercussions.

We all but guaranteed you. And every one of those repercussions have come to fruition. Every one of them. And unfortunately, I'm not so sure we've seen anything yet. They've yet to even lower their balance sheet that has no balance. What happens then? Wish we had better news. But I don't need to be talking.

Just look at the markets. Hopefully better tomorrow. You have a great evening. Drive carefully. And when you get home like we do, it is quite simple. Make sure you hug your family, hug your children. They will feel better. You will feel better.

Do some exercise. And no, really, do some exercise. Get yourself in shape. alcohol is overrated marijuana sucks have a great one everybody tomorrow will be on with varnie and company nine a m and back here tomorrow same time peace out all take care stay well bye bye this has been investors edge with gary cult bomb on biz talk to listen to past episodes or to get in contact with gary go to gary k dot com that's gary kd come today's episode was brought to you by simple mills the feeling of the sun in a delicious snack

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