Investor's Edge with Gary Kaltbaum - Yields Plunge [01.15.2025]

Episode Date: January 15, 2025

https://garykaltbaum.com/

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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 Kulp. I'm your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening.

It is Wednesday, what day it is? I don't even know. How about the 15th of January? And it is 2025. And I did write checks three days ago, 2024. What can I tell you? Hope you having a good day. In case you don't know, this is serious talk on everything that affects you. We do the markets, the economy, your job, your industry, the election, the incoming administration, the outgoing administration,

scams, shams, corruptions, debt deficits, blobs of a government, and much more. 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 a Twitter feed, which is now X. And if you don't follow us on X, you should. And if you'd like to email us, just be nice. And I have to tell you, on a day where, as I speak, with a couple of minutes left in the market, the Dow's up 695. I got a bunch of emails today, not asking me about the market, but how did I know? Two weeks ago, I came on to this show, and I said, I am just letting you know, there's been a half a dozen.

occasions in where we have been told that a deal for the hostages were going to be done imminently and we said no two weeks ago we said to you we are now feeling that it's getting closer and on Monday of this week we said to you oh it's right there today the deal was cut. Now, I must tell you, the deal sucks. Releasing hostages in exchange for a bunch of murdering terrorists is not a great deal. Some of those hostages are dead, but there comes a point in time where you've got to go to your next stage. And that's A, number one, get people home. And then B, Israel knows, even though we're hearing Hamas has been able to recruit, as many people as Israel took out, Israel knows everything's changed. I don't know if you've ever seen this.

Go online and look at, by the way, we'll get into the market in a couple minutes, and look at the wall Egypt is put up. so no Palestinians can get into Egypt. In case you don't know, Egypt is right there, right next to Gaza. I must tell you, it's like 30 feet high, barbed wire fencing, electricity, you name it, they've done it. And what's going to happen now is Israel is going to be so locked away, none of them is going to get in and let me tell you the shame also

is that I don't know if you know this but a ton of Palestinians were coming into Israel every day to work that ain't going to happen anymore Israel also knows and as warned you the next time you do something

next time you attack we're going to hit you a hundred times your attack we're not afraid of the media and they're BS we're not afraid of you. So Israel, and by the way, Israel's been trying to get this done forever, it's Hamas that has been saying no.

So how did I know? Well, how did I know Trump was winning the election and how did I know the reasons he was winning the election? Remember, not only did we tell you he was winning, we told you what was going to be reported on why he won. and we were exactly right. How do we know these things? Well, I have news for you.

I don't have polling. We just have a very good feel for things and what we see and what we hear. We have a good feel for temperament and we have a good feel for what is the reporting of things. We really had no idea something was imminent except of what we feel and hear from the things we pay attention to.

We think we have a good eye to what to pay attention to. Thus, on Monday we said, and on Wednesday a deal's done. But let me repeat, the deal sucks. The deal sucks. exchanging hostages that probably have lost so much weight they've been raped, who knows what else, for a bunch of murdering scumbags is not a great deal. But Israel recognizes that it's time, and it's been time. They've been trying.

Now, I've been asked, do you think? that Trump and his threats had something to do with it and is that where I came up? Not really. Not really. Hamas, Trump was just bluster. He can't do anything. Was he going to send in the American military? No.

And Israel already has put the hammer down. So no. I just had a pretty good feel of what I am. seeing and hearing, and that's how we came to that, and we'll see how it plays out. As we have told you, we know Israel very well. Everything that's said by the scumbag, racist, anti-Semites is a gargantuan lie. It's the opposite of apartheid there. It's the opposite of an occupation there. It's all a lie. And the people that are telling the lies are a bunch of scumbags. And And unfortunately, these idiot students, I'd like to give them some cover, but all they have to do is check things out.

And when I see gays for Hamas, I want to throw up in that if a gay person walked into Gaza and walked up to somebody from Hamas and said they were gay, they'd be stoned to death immediately and then hung from a roof. top. So beats the hell out of me what people are thinking. That's where I came up with the term tick-tac-toe. You can't win, so don't even play the game. I wouldn't even debate these people anymore. Let them live in their hell and their lies. And you know what Israel's going to continue to do? Grow leaps and bounds. That's what they're going to continue to. to do. So just letting you know, I got a bunch of emails on that. And there's your answer. And are there certain people I follow? Not really. You just have a pretty darn good feel. And remember, I have no bias on Mr. Logic. Remember that. And I mean that.

speaking of Mr. Logic, just let me do one minute on this. I have come to the conclusion after doing my own legwork and homework on the California leaders, they're just plain illogical. That's all. Which unfortunately sucks for Californians. And as I've always said to you, these bad leaders are just lucky. they live in a beautiful state and that the people work their ass off. They're running massive deficits.

They keep raising gas taxes. They keep raising taxes, more rules and regulations and fees and fines and mandates, and you have to do this or else. And daily, we are finding out how bad they are. Daily. We're finding out new things every day about how, illogical they are oh shutting off this water

and that water not letting this in not letting that in we're hearing that from Oregon they sent a bunch of fire trucks and they held them up at the state border

to look at their whether their climate whatever they have to you know reach a certain level or whether how much gas they have or are they electric and all that. They're morons. They're morons.

Illogical morons. Amazing. Just amazing. The good news is I don't think that the woman running L.A. can be elected dog catcher going forward. And I'm pretty sure Gavin Newson's political career is probably heading south at this point too. We need logic. Up next, we'll finish off with the logic, then the markets. Big day, I'm Gary.

This is the one only Investor's 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,

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Investment Advisory Services offered through Colbomb Capital Management. Hello, hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum,

or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building,

hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem.

To learn how IBM is building the future of computing, visit IBM.com slash quantum. Want to earn extra income for your business? Amazon Hub Delivery is looking for ambitious business owners to assist with local deliveries.

When you become a partner, you and your staff will deliver packages to customers in your area on a schedule that works for you. With each package delivered, you'll gain extra income and exposure for your business.

Plus, Amazon Hub delivery makes it easy to get started. There's no upfront costs, delivery experience, or long-term contracts required. Sign up to learn more at Amazon.com slash Hub Delivery.

That's Amazon.com slash HUB delivery. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, Oiraida, Silk, Capri-Sung, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more.

Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. 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 let me finish up with logic. Bernie Sanders has been voted in as Senator of Vermont for how many years, 150? He once called for a 100% tax rate making above a million dollars.

So in other words, you have a certain tax rate to a million, and let's say you make 10 million this year, they get the next 9 million above a million, the government. He actually proposed that. It's on video, by the way. illogic because why would anybody work after they made the first million if every dime's going to the government? And of course it would just crush the economy and upward mobility. But he keeps getting voted in with that stupidity.

AOC was the lead person in blocking Amazon to open one of these gargantial. places, what was it, Long Island City, that would have created like how many jobs paying high amounts of money? And she keeps getting voted in. How illogic. But I really do believe we're getting to the point where some of these places that keep voting D just because a D is there have had enough of illogic. They're interviewing Californians. They're interviewing Californians that look into the camera and say I'm about as liberal as liberal can be. I'm voting Republican.

By the way, I'm no fan of the Republican Party either. But man, oh man, we the people. And as we say to you here, the number one job of a leader of a city, a state, a county, the country is to protect. the citizenry, defend the citizenry, not cash straight them with rules and regulations and fees and fines and mandates and taxes. Go Google how many government departments there are in California.

Wait till you see what's there. And they're all getting paid truckloads. Chicago, they elect a mayor that's left of the last mayor that was killing the city. And you know what's happening to the city now? They're in major debt. And you know about the crime and all that. So just wanted to let you know a little bit about logic and how we see things. We think you're all smarter than these people that are in D.C. We think you work harder than them. We think you are on the level and they're not. I can tell you about all the insider trading that they're doing, people that are on these commissions. Oh, I'm on the

Food and Drug Commission. And, ooh, I heard about this drug from this company. Oh, and they buy the stock. In other words, insider trading that's illegal for us, legal for them. All this crap is going on. And hopefully it stops.

I'm hopeful about Trump. Cautiously hopeful. Anyway, we'll see how this plays out the days ahead with the hospital. I think we're going to be finding out a lot of them are dead, unfortunately. And, okay, the Dow was up 703 today. It was up over 800. The NASDAQ was up 466. It was up over 500. Advanced declines were strong on the New York and NASDAQ. New highs finally picked up today, of course, on a good day like that. What happened? well sometimes we can come up with a title for why something occurred and we'll just say a one two punch

one the 10 year yield dropped a whopping 1.35 today to 4.653 percent in other words yesterday it closed at 4.788 but 4.635 today. Why? An inflation number came out. Let me state for the record. I don't think it was a big deal. I don't think the inflation number was a big deal. The reaction was. Now there was an economic number that sucked and maybe that was part of it. But that would not account for a strong market because bad economies is not conducive to strong. markets. So we'll just say number one of the one-two punch. It was the 10-year yield. That is a huge drop. That was a huge drop. Let me repeat for the record. That was a huge drop. That was a huge drop. And is of note. Number two of the one-two punch. Black Rock up 50. Get back $50 of the $100 drop. It's a $1,000 name. Black, excuse me, Bank of New York, up, let's call it 7%. Black Rock's up 5%. Banker, New York up 7%. City Group up 6%. Goldman Sachs up 5.5%. J.P. Morgan, a little less than 2%.

Wells Fargo, 6%. Those are huge moves for banks. They all reported earnings. These greatest of bookies, and that's what I, look, I believe they do great things. They invest here and there, but they're bookies. They take in your money, pay you this, and then they charge that. That's how it works.

That was huge for the market today. Why? Because the banks have been an anchor as of recent. So that was a huge help and in sympathy, all the financials were up strong today. Though tomorrow, Bank America, Morgan Stanley, M&T Bank, PNC Bank, and U.S. Bank Corp reports. And we'll see what comes in. That was one hell of a one-two punch but doesn't account for the NASDAQ. and I will tell you some of these mega cap names are trading like penny stocks

Tesla a mega cap name yesterday was rallying big to $422 and closed at $3.95 Today it gaps up at 405 and closed at 427

higher year yesterday. And as Tesla goes, it's a high beta type thing for the Biggs. So meta, which has been all over the, moving up $40 up and down, up $21. Netflix,

that has been squeezed recently, up 18, Microsoft 10. We'll continue along those lines. Up next. On this, the one only Investors Edge. Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake M. Bata. We discussed his vision for the future of

quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff, building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience,

the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with Conton?

By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Amazon Hub Delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub Delivery.

You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you, and you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits. Earn more. Gain exposure for your business.

Apply today at Amazon.com slash hub delivery. That's Amazon.com slash H-U-B delivery. Know a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program. Visit Amazon.com slash hub delivery to learn more or refer a partner. That's Amazon.com slash HUB delivery. Now looking for hub partners in your area.

Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, Oira Ida, Silk, Capri-San, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go-pick-up or delivery.

Restrictions apply. See website for full terms and conditions. You're listening to. America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on its feet here. He's a Cinderella boy.

Gary Colbaum. It comes highly recommended. You're going to feel better if you talk to him. Let's continue. Microsoft, which has been dead money up 10, it's only 2% in change, but when you're dealing with these mega caps

that are 7% and 8% of an index, it matters. Apple's been weak as all heck, bounces up 4. The semiconductor's up 107, and that's been all over the map recently. And you had some good bounces and software and this and that.

And again, advanced declines, pretty damn good. But the big story today was that one-two punch, and that is yields tanking. And let's hope that continues. And then banks. But we can also add in economically sensitive stocks that have been trashed, had a third good day in a row, though I looked at some. Not impressed with the rally for three days impressive. In the context of the drop and the rally, not so sure.

We'll see how that plays out. And of course, what happens when interest rates come down? The interest rate sensitive areas that have been so weak, they bounced up today. Still very weak, namely the home builders. But they bounced up today. But just very good tone. There's more earnings to come. There's a couple of thousand in the next two or three, all the big ones.

As I mentioned, the new high list better today. Let me just give you some names. Barclays, that's a bank over in the UK. Citigroup, New Yearly High, and we've been telling you that Citigroup has been the strongest stock in the big banks. How about SAP, the German software company, New Yearly High. Celestica, New Yearly High. Robin Hood, new yearly high, good moves.

Intuitive surgical, raised their numbers early today. Big breakout on 180% in volume. They report in eight days, but they came out and already raised their numbers. That's good to see. And again, new highs, let's begot, let's hope more new highs, and let's hope today is the start of something. because I got news for you it's been pretty icky

and interesting enough I'm looking at the NASDAQ here all it did it was up 466 and we won't no cold water it just got back the last three days

that's how crazy the market's been and it's only 2% in change but in the context of things to see big indices down 2 and a half percent in three days up 2 and a half percent in one day And by the way, that's after wild swings the weeks before.

It's a pain in the arse. We're hoping to get major trends in right now back and forth and back and forth. And let's hope today's fourth turns into more. Let me go further. So yesterday I did a little padding on the back. We had warned you about the quantum stocks and the drones and the, what else is there? They are the space stocks, nuclear stocks. And especially I gave you a list of quantum stocks that dropped 50%.

Was it yesterday they dropped the 50% or was the day before? Either way, they were crushed. So out of nowhere today, Microsoft announces something called a new quantum ready program. and I'm not going to bore you with what they said, but it's the new quantum ready program. Let's see. The stock that went from 90 down to 22, by the way, we're not making this up.

The stock that went from 90 down to 22 was up 49% today. You think that's frothy? Speculative. How about the stock that went from 27 down to 7, up 55% today? These are quantum names. Have fun. There is no pamphlet or templates. How about this one? It went from 21 down to 6.5. It's already 11. Still down from 21 to 11. Just down from 21 to 11. Just be careful. When all is said and done, if nothing changes, no sales companies will go back to where they came from. Eventually, ultimately, regardless of Microsoft's quantum ready program, whatever that means. It says marking another step further into the quantum computing field, the news at a ripple refurb.

fact on numerous quantum computing stocks. But I'm sorry, companies with no sales are not quantum computing anything. They're companies with no sales. So be careful. But you could have made 50% if you bought yesterday in the midst of a crash. Tomorrow, I have no idea. But we always want to tell you everything. Everything. So I have no cold water to throw on today. It was a very good day. The worst area started lifting.

By the way, coming into this week, not kidding. The average S&P stock was down 18% from the highs. So Monday, Tuesday, and Wednesday, a very good day for the bottom. and what I mean by that is the materials. You can look at the XLB. The metals mining, you can look at the XME. The industrials, you can look at the XLI. The healthcare, which hasn't rallied that much, the XLV.

And there are others, but the XHB is the home builders, which have come straight up for two days. after getting trashed. Oils. Well, the good news is the oil stocks had another good day, and they are definitively have more umph than these previous things I mentioned, the metals and the mining and the materials. The bad news is oil prices were up another $2.80 today.

That means, let's see, since beginning of December, oil prices are up 20%, which means you're going to see some serious move in the price of the pump. But how can that be? Didn't Biden say they are producing more oil than ever? Yeah. Didn't Trump say he's coming in and drill, drill, drill? Well, shouldn't that lower the price of oil?

Well, typically, yes. but we don't rationalize. We deal in price and all we can tell you, oil prices are on the lift. And they are elevator up right now. And I got to tell you the last four days, straight up, persistently up, something's up. And let's hope it hits a wall sooner rather than later, like the 10-year yield today, which was really needed. big time needed because if that sucker went through 5%, bets would be off. Back on the banks.

We're just going to tell you the KBWB is the ETF that's stronger than the KBE. These are ETFs. In between is the XLF. City Group, the strongest Goldman Sachs really coming on. J.P. Morgan was actually down today early, down two bucks, finished up five because of the strength of the group. Black Rock, I'd like to say good things. It was up 50, but it's still down from the highs. But I must tell you, numbers were pretty damn good for these companies. These great bookies. When I come back in the next life, I want to be a bank.

I still remember when I start in the business, I worked in the, NCNB building. No, excuse me, the Barnett Bank building, which was then bought out by the NCNB bank, which was bought out by somebody who was bought out by somebody, who was bought out by somebody, there's a ton of banks that are gone. They were bought. Up next, what else we got for you? Thanks for being here. This is the one only investors edge. with IBM. I recently spoke with IBM's new director of research, Jake Mbeta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI,

coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff. Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology?

There will come a point when it will mature. Right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum.

Amazon Hub Delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub delivery. You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you, and you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits. Earn more.

Gain exposure for your business. Apply today at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Know a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program. Visit Amazon.com slash hub delivery to learn more or refer a partner. That's Amazon.com slash HUB delivery.

Now looking for hub partners in your area. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for storewide deals and earn four times the points. Look for in-store tags to earn on eligible. items from Celsius, body armor, ORA-Ida, Silk, Capri-Sung, Bavarian Meets, and Charmin.

Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. You're listening to

What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the guesters' head. with Gary Culper. Hey, in the news, the FDA is banning the use of red dye number three.

Now, just so you know, this red dye number three has been very controversial for a very long time and was almost banned a couple of decades ago, if I remember, because they said it was in Maraschino cherries and stuff. But from what we hear, it's used in candy, cereals, Tylenol, and it's been linked to cancer in some rat studies, which gives me the thought process. What have they been waiting for? What are they been waiting for? Let's see. Red dye number three. Yep. In food products. It is amending its color out of

regulations to no longer allow the use in food, beverages, and ingested drugs in response to a 2022 petition from health groups and activists. It took them three to decide. Yeah, we think that it causes cancer and it took them three years to tell us and do something about it. Interesting. But then it says, this is weird, the link between the dying cancer does not incur in humans, occur in humans, the FDA says. So I'm confused. Welcome to our government. They do say food safety is the number one priority.

We'll see how that goes. I do worry about this Kennedy guy. I don't like liars. And just so you know, when I call somebody a liar, I would say it to their face. I don't like anybody looking into the camera and say, I never said that. And then I find a video.

that he said it 42 different times. We're talking about vaccines and polio vaccine. He scares me. We'll see how it plays out. Believe me, I gather I'm going to be doing a lot of covering of this administration, hopefully all good because we love some of the proposals. You know, I still keep on my little sticky pads. this is the

Kamala Harris proposals well this was the Biden proposal if he stayed president long term capital gains from 20 to 44.6 percent she said now I'm only going to go from 20 to 31 percent

unrealized capital gains of 25 percent oh but don't worry it's just for the wealthy eliminate the Trump tax cuts corporate taxes going up they floated a wealth tax if you have too much money we are going to take it from you

even though you are already taxed and when you die we're going to take it from you also I keep that up there just to remind myself what could have happened and I was watching Biden today talking about the deal with Israel and Amas and I have to

to tell you that Kamala Harris was standing behind him or next to him or whatever and I'm just looking man oh man she just looks like she just wants to get the hell out of there what a colossal blunder by the Democrat Party to put in somebody select somebody who pulled not even 1% in primaries colossal blunder they thought they can get the media to do their bidding and that would help. And the celebrities, and that would help. When little do they know the medias, their poll numbers are worse than Root Canal and Jock Itch, and nobody gives a crap about celebrities. I don't. Tonight, Joe Biden will have another speech at 8 p.m. I gather it will be on all the networks about his four years. Also in the news, I just want again,

remind you of what they've done. In case you don't know years ago, there was a whole thing about campaign finance reform to take money out of the election. And what did they do? They lied. Do you know Trump has now a $500 million post-election windfall from the biggest the corporations

and the biggest the mucky mucks? For his inauguration, his super PAC, a political nonprofit called Securing American Greatness, the RNC, and his presidential library fund. I just want you to remember the people that have taken us the 36 trillion also lied to you about campaigns, finance reform, and money in politics slash elections. By the way, that's not a rib on Trump. This is for the whole thing what they've done. I just want you to remember all this. And the other big lie was Obamacare that they looked you in the face and said, don't worry, even though we're going to have millions of getting health care, even though we're getting rid of preexisting conditions, your premiums are going down. God, are they the biggest freaking liars on earth, these politicians. Debt ceilings, I can go on and on.

they are so freaking lucky to have us and have abused us so badly with their BS I hope this guy has learned a lesson from the past it would be nice if one time we can get somebody with the straight and if you make a mistake

say it if you do good say it but stop BS us the first two months of this fiscal year Biden's running 624 billion deficit yet he had the nerve to go on TV yesterday doing a post-mortem on his presidency how great things are nausea hey that said great day in the market let's hope it continues I have no idea what the market's going to do tomorrow tons of earnings to come I will be on varney tomorrow 10 a.m. hour you have a great evening drive carefully. When you get home, do like we do.

Make sure you hug your family. Make sure you hug your children. They will feel better. You'll feel better. I promise. Stay well, be well. Until tomorrow. Peace out all.

Good night. This has been Investors Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Amazon Hub Delivery wants to partner with your business. Help your business.

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